NOT LISTED FOR SALE

7325 N 16th St Unit 160 Phoenix, AZ 85020

Camelback East Village Neighborhood

Estimated Value: $1,345,519

-- Bed
-- Bath
7,104 Sq Ft
$189/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $695 $0 Per Sq Ft

Est. 193,500% increase in value since last sale

Current estimated payment $8,765/month

53 Days on Market

Highlights

  • 0.54 Acre Lot
  • Stone Flooring
  • Heat Pump System
  • Madison Heights Elementary School Rated A-
  • Central Air

About This Home

As of July 2019

Opportunity to lease a well-maintained professional office suite, boasting plenty of natural light,. Situated in a high traffic location, with easy access to the SR-51. Minutes from Biltmore Fashion Park, Biltmore Plaza, Camelback East Village Shops, Esplanade and Town & Country, without the high cost of residing in the Camelback Corridor. Set amongst numerous corporate offices, and nearby retail outlets, this property offers tenants with excellent networking potential.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 05/17/2019

Co-Listed By

Jason Butler

R.O.I. Properties License #BR545613000

Last Buyer's Agent

Allen Erb

Erb Realty & Property Mgmt License #BR556471000

Property Details

Property Type

  • Other

Year Built

  • Built in 1984

Lot Details

  • 0.54 Acre Lot
  • Block Wall Fence
  • Property is zoned CO

Home Design

  • 7,104 Sq Ft Home
  • Wood Frame Construction

Flooring

  • Stone
  • Concrete

Parking

  • 21 Open Parking Spaces
  • 22 Parking Spaces
  • 1 Covered Space
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Willietta Place Subdivision

Listing and Financial Details

  • Property Available on 5/17/19
  • The owner pays for taxes, fire insurance, bldg liability ins, water, electricity
  • Tax Lot 4
  • Assessor Parcel Number 164-24-005-A

Property Details

Property Type

Other

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 16th St and Orangewood Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Lease
  • Zoning: CO
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 1.0
  • Lease Info Annual Exp Stop Sq Ft: 1.0
  • Lease Info Annual Lease Price: 8336.74
  • Lease Info Annual Lse Prc P S F: 17.89
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1+
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 466
  • Year Built: 1984
  • Tax Year: 2018
  • Directions: Hwy 51 to Glendale. Go West on Glendale to 16th St. Go North on 16th St past Myrtle. About 1/2 mi North of Glendale and 1/2 mi South of Northern. Property on East side of 16th St.
  • Lot Size Acres: 0.54
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: WILLIETTA PLACE
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete
  • Living Area: 7104.0

Exterior Features

  • Fencing: Block
  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame
  • Roof: Rolled/Hot Mop
  • Construction:Wood Frame2: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Fenced, Other, Paved
  • Attached Garage: No
  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking Features:Paved: Yes
  • Parking Features Fenced4: Yes

Utilities

  • Electric: SRP, Other (See Remarks)
  • Cooling: Central Air, Other, See Remarks
  • Heating: Heat Pump
  • Green Building Features: Other (See Remarks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks, City Franchise
  • Heating:Heat Pump2: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 23486.0
  • Additional Parcels: No
  • Parcel #: 164-24-005-A

Rental Info

  • Available Date: 2019-05-17

Multi Family

  • Owner Pays: Other, Taxes, Fire Insurance, Bldg Liability Ins, Water, Electricity
  • Existing Lease Type: Full Service
  • Leasable Area: 466.0

Tax Info

  • Tax Annual Amount: 14416.0
  • Tax Book Number: 164.00
  • Tax Lot: 4
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2022
Sold by
Adls Incorporated
Bought by
Biltmore 16 Llc
Current Estimated Value
$1,345,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,063,579
Outstanding Balance
$1,001,855
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$329,431

Purchase Details

Closed on
Mar 13, 2018
Sold by
16Th Street Property Investments Llc
Bought by
Adls Incorporated

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2006
Sold by
At Home Mortgage Brokers Inc
Bought by
16Th Street Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,274,000
Interest Rate
6.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2001
Sold by
16Th Street One Llc
Bought by
At Home Mtg Brokers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,500
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1998
Sold by
Montana Mariano I
Bought by
16Th Street One Llc

Purchase Details

Closed on
Jun 13, 1997
Sold by
Montana Janice Borovay
Bought by
16Th Street One Llc

Purchase Details

Closed on
Dec 13, 1995
Sold by
Montana Mario I and Borovay Montana Janice
Bought by
Montana Mario I and Borovay Montana Janice
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
Biltmore 16 Llc $1,337,500 Thomas Title & Escrow Llc
Adls Incorporated $800,000 Fidelity National Title Agen
16Th Street Property Investments Llc $1,425,000 Security Title Agency Inc
At Home Mtg Brokers Inc $752,500 --
16Th Street One Llc -- --
16Th Street One Llc -- --
Montana Mariano I -- --
Montana Mariano I -- --
Montana Mario I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biltmore 16 Llc $1,063,579
Previous Owner Adls Incorporated $540,000
Previous Owner Cf2 Llc $3,820,000
Previous Owner 16Th Street Property Investments Llc $1,274,000
Previous Owner 16Th Street Property Investments Llc $82,500
Previous Owner At Home Mortgage Brokers Inc $300,000
Previous Owner At Home Mortgage Brokers Inc $526,235
Previous Owner At Home Mtg Brokers Inc $684,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $695 0.0% $0 / Sq Ft
05/17/2019 05/17/19 For Sale $695 -- $0 / 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 $17,206 $134,333 -- --
2024 $17,252 $131,934 -- --
2023 $17,252 $146,489 $137,241 $9,248
2022 $17,230 $173,391 $106,523 $66,868
2021 $17,876 $175,032 $109,566 $65,466
2020 $17,598 $133,866 $85,914 $47,952
2019 $17,210 $132,876 $79,290 $53,586
2018 $16,788 $118,710 $70,740 $47,970
2017 $15,997 $105,228 $68,688 $36,540
2016 $15,445 $97,416 $57,186 $40,230
2015 $16,832 $114,886 $51,153 $63,733
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Jason Butler

    Seller Co-Listing Agent in 2019

    Jason Butler

    R.O.I. Properties

    (602) 288-6959

    4 in this area

    37 Total Sales

    Jason Butler
    Section Image
  • Allen Erb

    Buyer's Agent in 2019

    Allen Erb

    Erb Realty & Property Mgmt

    (602) 295-7135

    2 in this area

    11 Total Sales

    Allen Erb
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5927726

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-24-005A

Arizona Maricopa County Phoenix 85020 Camelback East Village

7325 N 16th St Unit 160, Phoenix, AZ

This home is located at 7325 N 16th St Unit 160, Phoenix, AZ 85020 since 17 May 2019 and is currently estimated at $1,345,519, approximately $189 per square foot. This property was built in 1984. 7325 N 16th St Unit 160 is a home located in Maricopa County with nearby schools including Madison Heights Elementary School, Madison No. 1 Middle School, and Camelback High 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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