NOT LISTED FOR SALE

7325 N 16th St 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 March 21, 2022

Last sale price $1,337,500 $188 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,765/month

126 Days on Market

Highlights

  • 0.54 Acre Lot
  • Central Air
  • Heating Available
  • Madison Heights Elementary School Rated A-

About This Home

As of March 2022

This is an exceptional opportunity for a professional office user seeking additional rental income. This multi-tenant office building is located in the popular Central Phoenix Market, near the Biltmore Corridor. The property boasts prime frontage and excellent visibility along 16th Street and has easy access to SR-51. Configured into seven suites, this 7,100 SF building provides a lot of flexibility. Currently fully occupied, 1,501 SF can be available quickly, with more space available within six months. Each suite has a versatile floor plan with vaulted ceilings, private bathrooms and break rooms, and can easily be combined to allow a larger office space.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 02/01/2022

Co-Listed By

Jason Butler

R.O.I. Properties License #BR545613000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,876

Year Built

  • Built in 1984

Lot Details

  • 0.54 Acre Lot
  • Property is zoned C-O

Home Design

  • 7,104 Sq Ft Home
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 23 Parking Spaces
  • 20 Covered Spaces
  • Private Parking
  • Community Parking Structure

Utilities

  • Central Air
  • Heating Available

Community Details

  • Willietta Place Subdivision
  • Operating Expense $17,876

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 164-24-005-A

Property Details

Property Type

Other

Est. Annual Taxes

$17,876

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: N 16th St and E Orangewood Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Directions: From the 51-Fwy take Glendale Ave., East toward 16th Street. At 16th St., head North toward Orangewood Ave., property is on the East side of the road one block before Orangewood Ave.
  • Lot Size Acres: 0.54
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: WILLIETTA PLACE
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 7104.0

Exterior Features

  • Fencing: Other
  • Disclosures: None
  • Construction Type: Block
  • Roof: Other, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: Other, Private, Parking Structure
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 23.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 23.0
  • Parking Features Private Parking: Yes

Utilities

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

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 23486.0
  • Parcel #: 164-24-005-A

Multi Family

  • Annual Operating Expense: 17876.0

Tax Info

  • Tax Annual Amount: 17876.0
  • Tax Book Number: 164.00
  • Tax Lot: 4
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 11, 2022
Sold by
Adls Incorporated
Bought by
Biltmore 16 Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,425,000
Sold Price
$1,337,500
Premium/Discount to List
-$87,500
-6.14%
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.
Estimated Appreciation
$8,019
Avg. Annual Appreciation
-0.14%
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
03/21/2022 03/21/22 Sold $1,337,500 -6.1% $188 / Sq Ft
02/01/2022 02/01/22 For Sale $1,425,000 +6.5% $201 / Sq Ft
02/01/2022 02/01/22 Off Market $1,337,500 -- --
09/24/2021 09/24/21 For Sale $1,425,000 -- $201 / 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 2022

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Jason Butler

    Seller Co-Listing Agent in 2022

    Jason Butler

    R.O.I. Properties

    (602) 288-6959

    4 in this area

    37 Total Sales

    Jason Butler
    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6298206

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-24-005A

Arizona Maricopa County Phoenix 85020 Camelback East Village

7325 N 16th St, Phoenix, AZ

This home is located at 7325 N 16th St, Phoenix, AZ 85020 since 01 February 2022 and is currently estimated at $1,345,519, approximately $189 per square foot. This property was built in 1984. 7325 N 16th St 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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