NOT LISTED FOR SALE

751 Grand Ave Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated Value: $1,559,679

-- Bed
-- Bath
5,000 Sq Ft
$312/Sq Ft Est. Value

Last Sold January 20, 2016

Last sale price $400,000 $80 Per Sq Ft

Est. 290% increase in value since last sale

Current estimated payment $8,661/month

352 Days on Market

Highlights

  • Central Air
  • Partially Fenced Property
  • 5-minute walk to University Park
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of January 2016

DOWNTOWN URBAN/CREATIVE RETAIL OR OFFICE BUILDING!!! Urban brick construction with frontage on Grand Avenue. RECENTLY RENOVATED!! Entire storefront updated with refinished brick and new dual pane glass windows. Zoning: C-3. 8 exclusive parking spaces available in secured yard. Additional parking on street in front of building. In the heart of Downtown Phoenix sports, entertainment and business district. Just south of Roosevelt Historic and Arts district. ALSO FOR LEASE (Contact agent for details)

Last Agent to Sell the Property

David Genovese

Avison Young License #BR032969000 Listed on: 11/14/2014

Last Buyer's Agent

David Genovese

Avison Young License #BR032969000 Listed on: 11/14/2014

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,359

Year Built

  • Built in 1946

Lot Details

  • 6,250 Sq Ft Lot
  • Partially Fenced Property
  • Property is zoned C-3

Home Design

  • 5,000 Sq Ft Home
  • Brick Exterior Construction
  • Wood Frame Construction
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • University Addition Subdivision
  • Operating Expense $4,359

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 111-30-096

Property Details

Property Type

Other

Est. Annual Taxes

$4,359

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: S/SWC W. Polk Street & W. Grand Avenue
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Current Use: Mixed Use, Retail, Office
  • Number Of Buildings: 1
  • Year Built: 1946
  • Tax Year: 2015
  • Directions: I-10 (Papago Freeway) to W. Grand Avenue south.
  • Lot Size Acres: 0.14
  • Road Surface Type: Asphalt
  • Subdivision Name: University Addition
  • Structure Type: Commercial, Office
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame - Wood, Block, Brick
  • Roof: Other, See Remarks
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 6250.0
  • Additional Parcels: No
  • Parcel #: 111-30-096
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4359.0
  • Leasable Area: 5000.0

Tax Info

  • Tax Annual Amount: 4359.0
  • Tax Book Number: 111.00
  • Tax Lot: 23
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2024
Sold by
Foundry Group Llc
Bought by
Jb Holland Llc
Current Estimated Value
$1,559,679

Purchase Details

Closed on
Apr 11, 2022
Sold by
Simoncre Chisum Llc
Bought by
Foundry Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.85%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Nov 14, 2014
Closed on
Jan 20, 2016
Sold by
Beati Investments Llc
Bought by
Simoncre Chisum Llc
Seller's Agent
David Genovese
Avison Young
Buyer's Agent
David Genovese
Avison Young
List Price
$374,900
Sold Price
$400,000
Premium/Discount to List
$25,100
6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.36%
Original Mortgage
$340,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 11, 2008
Closed on
Dec 6, 2013
Sold by
Studio Art Warehouse Llc
Bought by
Beati Investments Llc
Seller's Agent
Tracey Zemer
RETSY
Buyer's Agent
Chase Barrett
HomeSmart
List Price
$695,000
Sold Price
$265,000
Premium/Discount to List
-$430,000
-61.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.24%

Purchase Details

Closed on
May 20, 2005
Sold by
Kapdan Enterprises Llc
Bought by
Studio Art Warehouse Llc

Purchase Details

Closed on
Mar 3, 1998
Sold by
The Artisan House Of Furniture Restorati
Bought by
Kapdan Enterprises Llc

Purchase Details

Closed on
Jun 12, 1997
Sold by
Schmieder Otto Carl
Bought by
Artison House Of Furniture Restoration

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 1996
Sold by
Schmieder Otto Carl
Bought by
Schmieder Otto Carl and Wells Fargo Bank Of Arizona Na
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
Jb Holland Llc $1,595,000 Thomas Title & Escrow Llc
Foundry Group Llc $525,000 None Listed On Document
Simoncre Chisum Llc $400,000 None Available
Beati Investments Llc $265,000 Driggs Title Agency Inc
Studio Art Warehouse Llc $225,000 Transnation Title
Kapdan Enterprises Llc -- --
Artison House Of Furniture Restoration $82,000 Ati Title Agency
Schmieder Otto Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foundry Group Llc $425,000
Previous Owner Simoncre Chisum Llc $340,000
Previous Owner Artison House Of Furniture Restoration $71,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2016 01/20/16 Sold $400,000 +6.7% $80 / Sq Ft
11/01/2015 11/01/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $374,900 +41.5% $75 / Sq Ft
12/31/2013 12/31/13 Sold $265,000 -61.9% $53 / Sq Ft
11/27/2013 11/27/13 Pending -- -- --
06/25/2008 06/25/08 For Sale $695,000 -- $139 / 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 $4,706 $34,125 -- --
2024 $4,802 $33,516 -- --
2023 $4,802 $52,513 $22,814 $29,699
2022 $4,767 $43,068 $15,715 $27,353
2021 $4,867 $44,244 $16,164 $28,080
2020 $4,923 $42,750 $14,940 $27,810
2019 $4,915 $35,784 $8,586 $27,198
2018 $4,831 $33,678 $7,452 $26,226
2017 $4,718 $35,208 $7,776 $27,432
2016 $4,583 $31,788 $7,056 $24,732
2015 $4,359 $26,233 $7,104 $19,129
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Genovese

    Avison Young

    Section Image
  • Tracey Zemer

    Seller's Agent in 2013

    Tracey Zemer

    RETSY

    (602) 478-0607

    73 Total Sales

    Tracey Zemer
    Section Image

  • C

    Buyer's Agent in 2013

    Chase Barrett

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5200098

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-30-096

Arizona Maricopa County Phoenix 85007 Governmental Mall

751 Grand Ave, Phoenix, AZ

This home is located at 751 Grand Ave, Phoenix, AZ 85007 since 14 November 2014 and is currently estimated at $1,559,679, approximately $311 per square foot. This property was built in 1946. 751 Grand Ave is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central 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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