NOT LISTED FOR SALE

Estimated Value: $938,588

-- Bed
-- Bath
6,844 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $455,000 $66 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,489/month

208 Days on Market

Highlights

  • Cooling Available
  • Kyrene de la Paloma School Rated A-
  • Heating Available

About This Home

As of March 2018

Prime location for this flex industrial building near the I-10 and 202 interchange, including the South Mountain Freeway (currently under construction). Previously used as a law office with income producing warehouse space. The building is easily divisible and currently includes 2 kitchen areas, 4 bathrooms, 11 offices, 1 conference room, 3 bull-pen areas, a network room, a file room, storage and warehouse space. Works well for owner occupant or investor looking for a versatile building in a great location.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 10/31/2017

Co-Listed By

Justin Cirell

R.O.I. Properties License #SA644392000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,262

Year Built

  • Built in 1986

Lot Details

  • 4,186 Sq Ft Lot
  • Property is zoned I1

Home Design

  • 6,844 Sq Ft Home

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Southgate Lot 1 16 Tr A Subdivision
  • Net Operating Income $1

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 301-85-120

Property Details

Property Type

Other

Est. Annual Taxes

$4,262

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: West Boston Street & South 54th Street
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: I1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2016
  • Directions: Easy access to I-10 & 202 Loop
  • Lot Size Acres: 0.1
  • Professional Management Expense: 1.0
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: SOUTHGATE LOT 1-16 TR A
  • Structure Type: Commercial, Industrial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 6844.0

Exterior Features

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

Garage/Parking

  • Parking Features: Other, Paved
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Fee Information

  • Annual Fuel Expense: 1.0
  • Trash Expense: 1.0
  • Annual Water Sewer Expense: 1.0

Lot Info

  • Lot Size Sq Ft: 4186.0
  • Parcel #: 301-85-120

Multi Family

  • Electric Expense: 1.0
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0
  • Property Net Operating Income: 1.0
  • Vacancy Allowance Rate: 1.0

Tax Info

  • Tax Annual Amount: 4262.0
  • Tax Book Number: 301.00
  • Tax Lot: 3
  • Tax Map Number: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2021
Sold by
Champ Properties Llc
Bought by
Minit Realty Llc
Current Estimated Value
$938,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,000
Outstanding Balance
$300,145
Interest Rate
2.96%
Mortgage Type
Commercial
Estimated Equity
$638,469

Purchase Details

Listed on
Oct 31, 2017
Closed on
Mar 14, 2018
Sold by
Compass Bank
Bought by
Champ Properties Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$560,000
Sold Price
$455,000
Premium/Discount to List
-$105,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%

Purchase Details

Closed on
Jul 25, 2017
Sold by
Dhc & K Building Management Llc
Bought by
Compass Bank

Purchase Details

Closed on
May 11, 2004
Sold by
Marin County Exchange Corp
Bought by
Dhc & K Building Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,000
Interest Rate
5.77%
Mortgage Type
Commercial
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
Minit Realty Llc $790,000 Landmark Ttl Assurance Agcy
Champ Properties Llc $455,000 Stewart Title & Trust Of Pho
Compass Bank $476,738 Fidelity National Title Agen
Dhc & K Building Management Llc $540,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minity Realty Llc $327,000
Closed Minit Realty Llc $400,000
Closed Minity Realty Llc $327,000
Closed Minit Realty Llc $400,000
Closed Minit Realty Llc $320,000
Previous Owner Dhc & K Building Management Llc $100,000
Previous Owner Dhc & K Building Management Llc $637,000
Previous Owner Counters & Koelbel Pc $40,000
Previous Owner Dhc & K Building Management Llc $563,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $455,000 -8.1% $66 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
02/08/2018 02/08/18 Price Changed $495,000 -7.5% $72 / Sq Ft
01/08/2018 01/08/18 Price Changed $535,000 -4.5% $78 / Sq Ft
10/31/2017 10/31/17 For Sale $560,000 0.0% $82 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $560,000 -- $82 / 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 $4,485 $46,839 -- --
2024 $4,539 $46,002 -- --
2023 $4,539 $70,754 $21,080 $49,674
2022 $4,473 $54,741 $13,773 $40,968
2021 $4,754 $55,818 $14,166 $41,652
2020 $4,654 $59,202 $13,122 $46,080
2019 $4,526 $51,642 $12,852 $38,790
2018 $4,392 $48,492 $8,550 $39,942
2017 $4,204 $48,564 $7,920 $40,644
2016 $4,262 $46,908 $7,002 $39,906
2015 $4,036 $36,187 $9,935 $26,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5648077

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-85-120