NOT LISTED FOR SALE

Estimated Value: $1,884,724

Studio
-- Bath
3,411 Sq Ft
$553/Sq Ft Est. Value

Sale Details

Date Sold: November 28, 2014

Last sale price $860,000 $252 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $10,746 / mo

30 Days on Market

Highlights

  • 0.16 Acre Lot
  • Central Air
  • Heating Available

About This Home

As of November 2014

Old Town Scottsdale investment opportunity! 3,410 sq. ft., multi-tenant, retail. Property consists of 3 fully leased units. Tenants include French Designer Jeweler, May Gallery, and Waddell Trading Company.

Located on Main Street in the Old Town Scottsdale Art District. The property has excellent visibility along Main Street, between Scottsdale Road and Marshall Way, boasting with visitors year round.

Please call/email for Offering Memorandum.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 10/09/2014

Last Buyer's Agent

Clint Nichols

CPA Advantage Realty, LLC License #SA534072000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,669

Year Built

  • Built in 1951

Lot Details

  • 6,970 Sq Ft Lot
  • Property is zoned C-2

Parking

  • Public Parking

Home Design

  • 3,411 Sq Ft Home
  • Stucco

Utilities

  • Central Air
  • Heating Available

Community Details

  • Net Operating Income $64,644

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 130-12-091-A

Property Details

Property Type

Other

Est. Annual Taxes

$6,669

Year Built

Built in 1951

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Cross Street: E. Main Street & N. Scottsdale Rd.
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2014
  • Lot Size Acres: 0.16
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 3411.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Other
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Parking Features Public Parking: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Parcel #: 130-12-091-A

Multi Family

  • Property Net Operating Income: 64644.0

Tax Info

  • Tax Annual Amount: 6669.36
  • Tax Book Number: 130.00
  • Tax Lot: 18
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2015
Sold by
Cimmino Mario and Mitrovic Branka
Bought by
East Main Street Properties Llc
Current Estimated Value
$1,884,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$396,133
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$1,488,591

Purchase Details

Listed on
Oct 9, 2014
Closed on
Nov 25, 2014
Sold by
Southwest Fiduciary Inc
Bought by
Cimmino Mario and Mitrovic Branka
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Clint Nichols
CPA Advantage Realty, LLC
List Price
$820,000
Sold Price
$860,000
Premium/Discount to List
$40,000
4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%

Purchase Details

Closed on
Nov 3, 2004
Sold by
Sletten Myra J
Bought by
Sletten Myra J and Sletten Family Trust
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
East Main Street Properties Llc -- Grand Canyon Title Agency
Cimmino Mario $860,000 Grand Canyon Title Agency In
Sletten Myra J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Main Street Properties Llc $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2014 11/28/14 Sold $860,000 +4.9% $252 / Sq Ft
10/24/2014 10/24/14 Pending -- -- --
09/24/2014 09/24/14 For Sale $820,000 -- $240 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $7,140 $101,102 -- --
2024 $7,184 $99,297 -- --
2023 $7,184 $114,784 $93,143 $21,641
2022 $7,016 $98,473 $78,558 $19,915
2021 $7,668 $101,214 $80,802 $20,412
2020 $7,601 $89,118 $68,472 $20,646
2019 $7,399 $85,626 $65,214 $20,412
2018 $7,264 $83,610 $63,396 $20,214
2017 $6,957 $83,862 $63,396 $20,466
2016 $6,822 $78,786 $59,256 $19,530
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5183028

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-12-091A

Your Personal Tour Guide

Ask me questions while you tour the home.