NOT LISTED FOR SALE

Estimated Value: $645,129

-- Bed
-- Bath
3,081 Sq Ft
$209/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $575,000 $187 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,922/month

373 Days on Market

Highlights

  • Community Kitchen
  • Central Air
  • Heating Available
  • Madison Richard Simis School Rated A-

About This Home

As of July 2021

This ±3,080 SF professional office building is located within the highly coveted North Central Corridor, in Phoenix, Arizona. This property is perfectly situated, just minutes away from Downtown Phoenix, the Camelback Corridor, and the SR51, which provides easy access to all areas of metropolitan Phoenix, and surrounding cities. This property is within three milesof several local hot spots such as Luci's Healthy Marketplace, The Orchard, The Vig, Richardsons, Otro Cafe, and more!• Easy Access to the SR 51.• 14 Parking Spaces + 4 Additional Potential Spaces• In the Heart of the North Central Corridor, near Downtown Phoenix, and the Camelback Corridor• Seven Offices, Three Restrooms (One ADA Compliant), Kitchen, Reception/Lobby, and bullpen

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 06/25/2020

Co-Listed By

Jason Butler

R.O.I. Properties License #BR545613000

Last Buyer's Agent

Mike Snitz

Realty ONE Group License #SA651575000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,180

Year Built

  • Built in 1969

Lot Details

  • 10,669 Sq Ft Lot
  • Property is zoned M-H, R-5

Home Design

  • 3,081 Sq Ft Home
  • Composition Roof

Parking

  • 10 Open Parking Spaces
  • 14 Parking Spaces
  • 4 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Palm Heights Subdivision
  • Community Kitchen
  • Operating Expense $6,180

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 160-29-042-A

Property Details

Property Type

Other

Est. Annual Taxes

$6,180

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: NEC 7th St. & Glendale Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: M-H, R-5
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1969
  • Tax Year: 2019
  • Directions: North on 7th St for one block. Property is on the NEC of 7th St and Palmaire.
  • Lot Size Acres: 0.24
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: PALM HEIGHTS
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 3081.0

Exterior Features

  • Fencing: See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: Other
  • Roof: Other, Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other, Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air
  • Heating: Other, See Remarks
  • Green Building Features: Kitchen, Showers - Office
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Showers - Office: Yes

Lot Info

  • Lot Size Sq Ft: 10669.0
  • Parcel #: 160-29-042-A

Multi Family

  • Annual Operating Expense: 6180.0

Tax Info

  • Tax Annual Amount: 6180.0
  • Tax Book Number: 160.00
  • Tax Lot: 8
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Jul 23, 2021
Sold by
Fssbs Investment Properties Llc
Bought by
Namaste Tat Enterprises Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Mike Snitz
Realty ONE Group
List Price
$675,000
Sold Price
$575,000
Premium/Discount to List
-$100,000
-14.81%
Current Estimated Value
$645,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,129
Avg. Annual Appreciation
2.43%

Purchase Details

Closed on
Jun 14, 2013
Sold by
Salomon Felix and Salomon Sharon B
Bought by
Fssbs Investment Properties Llc

Purchase Details

Closed on
Sep 14, 1994
Sold by
Salomon Felix and Salomon Sharon B
Bought by
Salomon Felix and Salomon Sharon B
Source: Public Records

Range of Values:

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Average Value
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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
Namaste Tat Enterprises Llc $575,000 Old Republic Title Agency
Fssbs Investment Properties Llc -- None Available
Salomon Felix -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $575,000 -4.2% $187 / Sq Ft
05/18/2021 05/18/21 Price Changed $600,000 -4.8% $195 / Sq Ft
05/07/2021 05/07/21 Price Changed $630,000 -3.1% $204 / Sq Ft
03/26/2021 03/26/21 Price Changed $650,000 -1.5% $211 / Sq Ft
09/15/2020 09/15/20 Price Changed $660,000 -2.2% $214 / Sq Ft
06/22/2020 06/22/20 For Sale $675,000 -- $219 / 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 $6,179 $48,242 -- --
2024 $6,196 $47,380 -- --
2023 $6,196 $72,029 $53,414 $18,615
2022 $6,188 $83,371 $61,058 $22,313
2021 $6,420 $86,364 $62,802 $23,562
2020 $6,320 $71,172 $46,458 $24,714
2019 $6,180 $64,872 $45,054 $19,818
2018 $6,029 $57,132 $41,544 $15,588
2017 $5,745 $55,926 $37,008 $18,918
2016 $5,547 $49,788 $31,806 $17,982
2015 $5,295 $34,244 $15,078 $19,166
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6094981

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-29-042A