NOT LISTED FOR SALE

Estimated Value: $422,000 - $526,000

-- Bed
2 Baths
1,303 Sq Ft
$350/Sq Ft Est. Value

Last Sold January 11, 2019

Last sale price $255,000 $196 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,490/month

52 Days on Market

Highlights

  • 0.85 Acre Lot
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of January 2019

Here is a great opportunity to own your own building on Central Avenue with high visibility in the heart of SoPho. Perfect for an owner occupant who is tired of leasing or an entrepreneur who has been dreaming of starting their own business. This property could be used as a small professional office, medical office, dental office, restaurant, re-zoned for Multi-family or use existing building to increase office space or create a retail opportunity. Located just north of Baseline Road and is only 10 minutes away from Downtown Phoenix. The lot is just shy of 1 Acre at (37,157 Sq Ft or .85 Acres), Zoned C-2, fully fenced, and has access on Central Avenue with over 148 feet of frontage. There is huge potential for a higher and better use here. Just blocks from the future light rail extension.

Last Agent to Sell the Property

Victor Vidales

RE/MAX Desert Showcase License #SA552425000 Listed on: 01/02/2019

RE/MAX Desert Showcase

Co-Listed By

Florentina Vidales

RE/MAX Desert Showcase License #SA584307000

Last Buyer's Agent

Sonia Galaviz

West USA Realty License #SA545421000

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,011

Year Built

  • Built in 1936

Lot Details

  • 0.85 Acre Lot
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Private Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Roosevelt Place East 18 37 Subdivision
  • Operating Expense $1,011

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 114-10-011

Property Details

Property Type

Other

Est. Annual Taxes

$1,011

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: Central and Baseline Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2017
  • Lot Size Acres: 0.85
  • Co List Office Mls Id: show02
  • Co List Office Phone: 602-296-0100
  • Subdivision Name: ROOSEVELT PLACE EAST 18-37
  • Structure Type: Commercial, Office
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1303.0

Exterior Features

  • Fencing: None
  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Other, Private
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size Sq Ft: 37157.0
  • Parcel #: 114-10-011

Multi Family

  • Annual Operating Expense: 1011.0

Tax Info

  • Tax Annual Amount: 1011.0
  • Tax Book Number: 114.00
  • Tax Lot: 22
  • Tax Map Number: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
Dec 19, 2018
Sold by
Cortes Guillermo Leon and Cortes Sekar Indiardjo
Bought by
Uribe Camargo Marcelino and Uribe Camargo Claudia
Seller's Agent
Victor Vidales
RE/MAX Desert Showcase
Buyer's Agent
Sonia Galaviz
West USA Realty
List Price
$315,000
Sold Price
$255,000
Premium/Discount to List
-$60,000
-19.05%
Current Estimated Value
$456,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,117
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Oct 4, 2016
Sold by
Cortes Guillermo L and Cortes Sekar I
Bought by
Cortes Guillermo L and Cortes Sekar I

Purchase Details

Closed on
Dec 9, 2014
Sold by
Cortes Guillermo Leon and Cortes Sekar Indiardjo
Bought by
Cortes Guillermo Leon and Indiardjo Sekar

Purchase Details

Closed on
Jul 16, 2008
Sold by
Samaniego Martin and Samaniego Celia
Bought by
Cortes Guillermo Leon and Cortes Sekar Indiardjo

Purchase Details

Closed on
Mar 8, 2006
Sold by
Sanchez Juan M
Bought by
Samaniego Martin and Samaniego Celia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2005
Sold by
Vidales Victor and Vidales Florentina
Bought by
Sanchez Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.02%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Uribe Camargo Marcelino $255,000 Driggs Title Agency Inc
Cortes Guillermo L -- None Available
Cortes Guillermo L -- None Available
Cortes Guillermo Leon -- None Available
Cortes Guillermo Leon $410,000 Camelback Title Agency Llc
Samaniego Martin $450,000 Camelback Title Agency Llc
Sanchez Juan M $340,000 Title Security Agency Of Az
Vidales Victor $297,000 Title Security Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Samaniego Martin $40,000
Previous Owner Vidales Victor $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2019 01/11/19 Sold $255,000 -3.8% $196 / Sq Ft
01/02/2019 01/02/19 Price Changed $265,000 0.0% $203 / Sq Ft
12/26/2018 12/26/18 Price Changed $265,000 0.0% $203 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
11/09/2018 11/09/18 Price Changed $265,000 -3.6% $203 / Sq Ft
10/23/2018 10/23/18 Price Changed $275,000 -8.3% $211 / Sq Ft
10/03/2018 10/03/18 Price Changed $300,000 -4.8% $230 / Sq Ft
09/26/2018 09/26/18 For Sale $315,000 -- $242 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,205 $7,993 -- --
2024 $1,141 $7,613 -- --
2023 $1,141 $30,210 $6,040 $24,170
2022 $1,118 $22,200 $4,440 $17,760
2021 $1,141 $20,300 $4,060 $16,240
2020 $1,127 $18,050 $3,610 $14,440
2019 $1,090 $14,580 $2,910 $11,670
2018 $1,061 $11,680 $2,330 $9,350
2017 $1,011 $9,310 $1,860 $7,450
2016 $962 $7,900 $1,580 $6,320
2015 $905 $6,310 $1,260 $5,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5825475

Arizona Regional Multiple Listing Service (ARMLS)

APN: 114-10-011