NOT LISTED FOR SALE

7323 E Shoeman Ln Scottsdale, AZ 85251

Old Town Scottsdale Neighborhood

Estimated Value: $5,174,067

-- Bed
-- Bath
3,000 Sq Ft
5,227 Sq Ft Lot

Last Sold April 02, 2012

Last sale price $501,000 $167 Per Sq Ft

Est. 933% increase in value since last sale

Current estimated payment $28,974/month

65 Days on Market

Highlights

  • 0.12 Acre Lot
  • Community Kitchen
  • Ceramic Tile Flooring
  • Navajo Elementary School Rated A-
  • Cooling Available
  • Heat Pump System

About This Home

As of April 2012

Excellent and much sought after retail / office building in the heart of the Scottsdale Entertainment District, just south of Camelback road and East of Scottsdale Road, Between the Galleria and the W hotel. Best suited for a restaurant or club or creative office, or medical use. We will be adding more info as we get them

Last Agent to Sell the Property

tooraj Bakhtiari

RE/MAX Excalibur License #SA043021000 Listed on: 12/22/2011

RE/MAX Excalibur

Co-Listed By

Mehran Parsai

Realty ONE Group License #BR112043000

Last Buyer's Agent

tooraj Bakhtiari

RE/MAX Excalibur License #SA043021000 Listed on: 12/22/2011

RE/MAX Excalibur

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,200

Year Built

  • Built in 1973

Lot Details

  • 5,227

Home Design

  • 3,000 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Public Parking
  • Community Parking Structure

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 173-41-187-C

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Camelback Park Plaza Subdivision
  • Operating Expense $7,200

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,200

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Road and Camelback
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: c 2
  • Number Of Buildings: 1
  • Ownership: Condominium
  • Year Built: 1973
  • Tax Year: 2011
  • Directions: South on Scottsdale Road from Camelback Road to Shoeman Lane then east to the property next to Joe's Pizza
  • Lot Size Acres: 0.12
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reex02
  • Co List Office Phone: 480-355-3500
  • Subdivision Name: Camelback Park Plaza
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: C
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Living Area: 3000.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Parking Lot, Parking Structure
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking Features Public Parking: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 5300.0
  • Parcel #: 173-41-187-C

Multi Family

  • Annual Operating Expense: 7200.0
  • Leasable Area: 3000.0

Tax Info

  • Tax Annual Amount: 7200.0
  • Tax Book Number: 173.00
  • Tax Lot: 69
  • Tax Map Number: 41.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2024
Sold by
Gibro Llc
Bought by
Gibro Llc
Current Estimated Value
$5,174,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,315,000
Outstanding Balance
$3,289,129
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$1,839,256

Purchase Details

Closed on
Oct 23, 2024
Sold by
Wagscap Llc
Bought by
Gibro Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,315,000
Outstanding Balance
$3,289,129
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$1,839,256

Purchase Details

Closed on
Sep 27, 2021
Sold by
Shoeman 3 Llc
Bought by
Wagscap Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2020
Sold by
Endeavoring Properties Holdings Llc
Bought by
Shoeman 3 Llc

Purchase Details

Closed on
Jul 27, 2020
Sold by
7323 E Shoeman Llc
Bought by
Endeavoring Property Holdings Llc

Purchase Details

Closed on
Feb 11, 2015
Sold by
Nysbv Investment Llc and Singh Sawarndip
Bought by
7323 E Shoeman Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$988,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2006
Sold by
Stave Astor and Stave Sonja
Bought by
Triyar Ventures Llc
Source: Public Records

Range of Values:

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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
Gibro Llc -- None Listed On Document
Gibro Llc $5,100,000 Empire Title Agency
Wagscap Llc $4,500,000 Grand Canyon Title Agency
Shoeman 3 Llc -- None Available
Endeavoring Property Holdings Llc $3,000,000 Grand Canyon Title Agency
7323 E Shoeman Llc $1,250,000 Intravest Title Agency Inc
Triyar Ventures Llc $1,000,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibro Llc $3,315,000
Previous Owner Wagscap Llc $3,500,000
Previous Owner 7323 E Shoeman Llc $820,000
Previous Owner 7323 E Shoeman Llc $988,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2012 04/02/12 Sold $501,000 -4.6% $167 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
12/22/2011 12/22/11 For Sale $525,000 -- $175 / 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 $7,745 $110,865 -- --
2024 $7,896 $108,885 -- --
2023 $7,896 $168,963 $78,812 $90,151
2022 $7,709 $149,731 $65,853 $83,878
2021 $8,420 $152,586 $67,734 $84,852
2020 $8,347 $141,858 $56,952 $84,906
2019 $8,057 $135,558 $54,234 $81,324
2018 $7,801 $132,696 $52,974 $79,722
2017 $7,475 $119,142 $52,974 $66,168
2016 $7,322 $97,326 $37,080 $60,246
2015 $7,170 $84,620 $37,352 $47,268
Source: Public Records

Agents Affiliated with this Home

  • tooraj Bakhtiari

    Seller's Agent in 2012

    tooraj Bakhtiari

    RE/MAX

    5 Total Sales

    Section Image
  • Mehran Parsai

    Seller Co-Listing Agent in 2012

    Mehran Parsai

    Realty One Group

    (480) 980-2244

    1 in this area

    92 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4692504

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-41-262

Arizona Maricopa County Scottsdale 85251 Old Town Scottsdale

7323 E Shoeman Ln, Scottsdale, AZ

This home is located at 7323 E Shoeman Ln, Scottsdale, AZ 85251 since 22 December 2011 and is currently estimated at $5,174,067, approximately $1,724 per square foot. This property was built in 1973. 7323 E Shoeman Ln is a home located in Maricopa County with nearby schools including Navajo Elementary School, Pueblo Elementary School, and Mohave Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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