NOT LISTED FOR SALE

702 E Bell Rd Unit 112 Phoenix, AZ 85022

North Central Phoenix Neighborhood

Estimated Value: $17,945,330

-- Bed
-- Bath
91,459 Sq Ft
$196/Sq Ft Est. Value

About This Home

This home is located at 702 E Bell Rd Unit 112, Phoenix, AZ 85022 and is currently estimated at $17,945,330, approximately $196 per square foot. 702 E Bell Rd Unit 112 is a home located in Maricopa County with nearby schools including Echo Mountain Primary School, Echo Mountain Intermediate School, and Greenway Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2017
Sold by
Omninet Lecota Lp
Bought by
Hipp Investments Arizona Lecota Llc
Current Estimated Value
$17,945,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,719,521
Outstanding Balance
$5,557,247
Interest Rate
4.16%
Mortgage Type
Commercial
Estimated Equity
$12,388,083

Purchase Details

Closed on
Jul 1, 2011
Sold by
Jpmc 2006 Ldp8 Lecota Office Center Llc
Bought by
Omninet Lecota Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2011
Sold by
Wa Lecota Acquisitions Llc
Bought by
Jpmc 2006-Ldp8 Lecota Office Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2006
Sold by
Pacific Income Properties Llc
Bought by
Wa Lecota Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2006
Sold by
Phoenix Bell Associates Llp
Bought by
Pacific Income Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Hipp Investments Arizona Lecota Llc $9,650,000 None Available
Omninet Lecota Lp $5,500,000 Lawyers Title
Jpmc 2006-Ldp8 Lecota Office Center Llc $5,500,000 None Available
Wa Lecota Acquisitions Llc $13,100,000 First American Title
Cedar Cactus Llc $900,000 First American Title
Pacific Income Properties Llc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hipp Investments Arizona Lecota Llc $6,719,521
Previous Owner Omninet Lecota Lp $5,000,000
Previous Owner Cedar Cactus Llc $900,000
Previous Owner Wa Lecota Acquisitions Llc $9,380,000
Closed Pacific Income Properties Llc $0
Source: Public Records

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 $110,823 $1,084,382 -- --
2024 $112,284 $1,065,019 -- --
2023 $112,284 $1,868,521 $308,567 $1,559,954
2022 $114,427 $1,272,023 $260,733 $1,011,290
2021 $118,043 $1,305,702 $268,182 $1,037,520
2020 $114,392 $1,279,026 $418,140 $860,886
2019 $114,542 $1,112,004 $324,144 $787,860
2018 $110,784 $1,047,348 $346,248 $701,100
2017 $106,193 $998,982 $332,928 $666,054
2016 $104,422 $902,142 $290,250 $611,892
2015 $99,385 $880,130 $276,002 $604,128
Source: Public Records

Map

Arizona Maricopa County Phoenix 85022 North Central Phoenix

702 E Bell Rd Unit 112, Phoenix, AZ

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