NOT LISTED FOR SALE

7730 E Gelding Dr Scottsdale, AZ 85260

Estimated Value: $1,830,805

Studio
-- Bath
5,065 Sq Ft
$361/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2017

Last sale price $995,000 $196 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $10,898 / mo

322 Days on Market

About This Home

As of February 2017

Pristine, Fully leased property in the Scottsdale Airpark. Stand-alone 2,822SF Office building with separate, partially Air Conditioned 2,243SF Warehouse. Two large protable storage units included. Lot is 35,000SF. New Foam Roofs - Repaved Parking Lot - New HVAC - Buildings Recently Repainted - New Carpeting - Offices & Conference Rooms Updated - Flyer and Rent Roll under Documents Tab

Last Agent to Sell the Property

Michael Meinerz

Engel & Voelkers Scottsdale License #SA522978000 Listed on: 03/16/2016

Engel & Voelkers Scottsdale

Co-Listed By

Janet Hennessey

HomeSmart License #SA524140000

Last Buyer's Agent

Andrew Gregg

West USA Realty License #SA658242000

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,830

Year Built

  • Built in 1985

Lot Details

  • 35,000 Sq Ft Lot
  • Property is zoned I-1

Home Design

  • 5,065 Sq Ft Home
  • Foam Roof
  • Block Exterior

Parking

  • 24 Open Parking Spaces
  • 26 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 190
  • Assessor Parcel Number 215-56-153

Community Details

Overview

  • 2 Buildings
  • Thunderbird Industrial Airpark Subdivision

Building Details

  • Operating Expense $17,030
  • Gross Income $94,922

Property Details

Property Type

Other

Est. Annual Taxes

$13,830

Year Built

Built in 1985

Lot Details

0.8 Acres

Listing Details

  • Cross Street: HAYDEN & RAINTREE
  • Property Type: Comm/Industry Sale
  • Zoning: I-1
  • Current Use: Mixed Use, Service Business, Office, Warehouse
  • Number Of Buildings: 2
  • Year Built: 1985
  • Tax Year: 2015
  • Lot Size Acres: 0.8
  • Co List Office Mls Id: tprg01
  • Co List Office Phone: 480-584-3311
  • Subdivision Name: Thunderbird Industrial Airpark
  • Structure Type: Commercial, Industrial, Office, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Other, See Remarks
  • Construction Type: Block
  • Roof: See Remarks, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 26.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 26.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Warehouse A/C, Office A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size Sq Ft: 35000.0
  • Additional Parcels: No
  • Parcel #: 215-56-153
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 94922.0
  • Insurance Expense: 1400.0
  • Annual Operating Expense: 17030.0

Tax Info

  • Tax Annual Amount: 13830.0
  • Tax Book Number: 215.00
  • Tax Lot: 190
  • Tax Map Number: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
Feb 23, 2017
Sold by
Martoccia Investment Group Llc
Bought by
7730 Gelding Llc
Seller's Agent
Michael Meinerz
Engel & Voelkers Scottsdale
Buyer's Agent
Andrew Gregg
West USA Realty
List Price
$1,125,000
Sold Price
$995,000
Premium/Discount to List
-$130,000
-11.56%
Current Estimated Value
$1,830,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$835,805
Avg. Annual Appreciation
6.84%

Purchase Details

Closed on
Aug 6, 2007
Sold by
Piazza Land Holdings Llc
Bought by
Martoccia Investment 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
$1,000,000
Interest Rate
6.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 25, 2002
Sold by
Smith Michael C and Smith Linda L
Bought by
Piazza Land Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2001
Sold by
Smith Painting Inc
Bought by
Smith Michael C and Smith Linda L

Purchase Details

Closed on
Dec 13, 1994
Sold by
Andromeda Inc
Bought by
Smith Painting Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
9.1%
Mortgage Type
Seller Take Back
Source: Public Records
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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
7730 Gelding Llc $995,000 American Title Svc Agency
Martoccia Investment Group Llc $1,375,000 Fidelity National Title
Piazza Land Holdings Llc $532,000 Capital Title Agency Inc
Smith Michael C -- --
Smith Painting Inc $309,500 Chicago Title Insurance Co
Andromeda Inc -- Chicago Title Insurance Co
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
Previous Owner Martoccia Investment Group Llc $1,000,000
Previous Owner Piazza Land Holdings Llc $409,500
Previous Owner Smith Painting Inc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2017 02/28/17 Sold $995,000 -11.6% $196 / Sq Ft
01/28/2017 01/28/17 Pending -- -- --
03/12/2016 03/12/16 For Sale $1,125,000 -- $222 / Sq Ft
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 $13,609 $150,134 -- --
2024 $13,941 $147,453 -- --
2023 $13,941 $220,847 $140,267 $80,580
2022 $14,149 $184,836 $136,343 $48,493
2021 $14,815 $178,812 $140,238 $38,574
2020 $14,401 $151,254 $131,724 $19,530
2019 $14,506 $126,036 $121,968 $4,068
2018 $14,933 $182,754 $117,144 $65,610
2017 $14,278 $175,428 $117,144 $58,284
2016 $14,120 $159,642 $106,146 $53,496
2015 $13,830 $112,777 $98,994 $13,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5413558

Arizona Regional Multiple Listing Service (ARMLS)

APN: 215-56-153

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