NOT LISTED FOR SALE

Estimated Value: $934,638

0.21 Acres
$4,450,657 Price per Acre
9,118 Sq Ft Lot

Sale Details

Date Sold: April 24, 2024

Last sale price $1,125,000

Est. 17% decrease in value since last sale

Current estimated payment $5,459 / mo

238 Days on Market

About This Lot

As of April 2024

Opportunity Zone! Great Development opportunity in the heart of Old Town, currently zoned D/OR-2. Preliminary studies on residential condo / townhome project with significant upside. Must be sold with 7546 E. 1st. Existing home on property is partially demoed on the interior. See Supplement attached to listing with basic project economics. Call LA for more information! Owner/Agent

Last Agent to Sell the Property

Scott Graden

GNS Realty- AZ, LLC License #BR627616000 Listed on: 04/06/2023

Last Buyer's Agent

Scott Graden

GNS Realty- AZ, LLC License #BR627616000 Listed on: 04/06/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,500

Lot Details

  • 9,118 Sq Ft Lot
  • Property is zoned D/OR-2

Schools

  • Pueblo Elementary School
  • Mohave Middle School
  • Saguaro High School

Additional Features

  • North or South Exposure
  • Residence on Property

Community Details

  • No Home Owners Association
  • Reddell Manor Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 130-25-016-A

Property Details

Property Type

Land

Est. Annual Taxes

$2,500

Lot Details

9,118 Sq Ft Lot

Listing Details

  • Cross Street: 1st Street between 75th and Miller
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: See Remarks
  • Zoning: D/OR-2
  • Tax Year: 2021
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: REDDELL MANOR
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Hotel/Motel

Exterior Features

  • Lot Features: North/South Exp
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: See Remarks, Residence

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Pueblo Elementary School
  • High School: Saguaro High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Lot Size: 70X125
  • Lot Size Sq Ft: 9118.0
  • Additional Parcels: No
  • Parcel #: 130-25-016-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2500.0
  • Tax Book Number: 130.00
  • Tax Lot: 16
  • Tax Map Number: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2024
Sold by
Az Qozb Llc
Bought by
Medallion Properties Llc
Current Estimated Value
$934,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Outstanding Balance
$1,105,156
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2021
Sold by
Str Ventures Llc
Bought by
Az Qozb Llc

Purchase Details

Closed on
Apr 21, 2018
Sold by
7363 Llc
Bought by
Str Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$848,825
Interest Rate
4.44%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 11, 2018
Sold by
7540 E 1St Street Llc
Bought by
7363 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$848,825
Interest Rate
4.44%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 7, 2016
Sold by
7363 Llc
Bought by
7540 E 1St Street Llc

Purchase Details

Closed on
Mar 25, 2011
Sold by
Frenkel Thomkas C and Frenkel Jane L
Bought by
7363 Llc

Purchase Details

Closed on
May 7, 2003
Sold by
Daley Mary Hirschfeld and The Danube Living Trust
Bought by
Frenkel Thomas C and Frenkel Jane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,520
Interest Rate
5.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 3, 1994
Sold by
Daley Mary Hirschfeld
Bought by
Daley Ray Herry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
8.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 1994
Sold by
Panarello Guy J and Panarello Anne P
Bought by
Daley Ray Herry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
8.5%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Medallion Properties Llc $2,350,000 Magnus Title Agency
Az Qozb Llc $800,000 Fidelity Natl Ttl Agcy Inc
Str Ventures Llc $779,166 Pioneer Title Agency Inc
7363 Llc $369,043 Accommodation
7540 E 1St Street Llc $355,000 Stewart Title
7363 Llc -- None Available
Frenkel Thomas C $193,520 Security Title Agency
Daley Ray Herry -- Security Title Agency
Daley Ray Herry $110,000 Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Medallion Properties Llc $1,125,000
Previous Owner Str Ventures Llc $848,825
Previous Owner Frenkel Thomas C $153,520
Previous Owner Daley Ray Herry $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2024 04/24/24 Sold $1,125,000 -10.0% --
01/03/2024 01/03/24 For Sale $1,250,000 +11.1% --
01/01/2024 01/01/24 Off Market $1,125,000 -- --
12/28/2023 12/28/23 For Sale $1,250,000 0.0% --
09/29/2023 09/29/23 Off Market $1,250,000 -- --
04/06/2023 04/06/23 For Sale $1,250,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $4,690 $66,407 -- --
2024 $4,719 $65,221 -- --
2023 $4,719 $135,507 $116,484 $19,023
2022 $4,609 $119,560 $99,435 $20,125
2021 $5,036 $123,804 $102,276 $21,528
2020 $4,992 $108,090 $87,624 $20,466
2019 $4,817 $100,962 $83,448 $17,514
2018 $4,665 $74,633 $62,915 $11,718
2017 $4,468 $74,633 $62,915 $11,718
2016 $4,381 $54,180 $48,598 $5,582
2015 $4,286 $47,138 $43,965 $3,173
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6540415

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-25-016A

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