NOT LISTED FOR SALE

780 W Elliot Rd Tempe, AZ 85284

South Tempe Neighborhood

Estimated Value: $3,295,929

Studio
-- Bath
7,321 Sq Ft
$450/Sq Ft Est. Value

Sale Details

Date Sold: December 12, 2022

Last sale price $3,095,000 $423 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $19,657 / mo

11 Days on Market

Highlights

  • 1.31 Acre Lot
  • Cooling Available
  • Partially Fenced Property
  • Kyrene de la Mariposa Elementary School Rated A-
  • Concrete Flooring
  • Heating Available

About This Home

As of December 2022

El Dorado Plaza features a strong, stabilized, internet resistant tenant mix including food, beverage and service tenants proven to be recession proof. A great mix of tenants include both national and regional tenants including Jimmy John's and Bonchon Chicken. Located in the prestigious Kyrene Corridor, South Tempe's premier industrial location and feet away from Tempe Commerce Park, a 37 acre logistics park Just west of the Arizona State University Research Park, which is home to 48 Corporate Offices Including GoDaddy, Amazon, U.S. Foods, etc. The property is surrounded by some of the wealthiest zip codes in metro Phoenix with over $104,000 Avg. Household Income. El Dorado Plaza offers unparalleled exposure, over 27,000 VPD. Attractive 4% assumable financing is available if needed.

Last Agent to Sell the Property

Jack Cardon

Cardon Commercial License #BR108442000 Listed on: 10/01/2022

Last Buyer's Agent

Jack Cardon

Cardon Commercial License #BR108442000 Listed on: 10/01/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $21,545

Year Built

  • Built in 2001

Lot Details

  • 1.31 Acre Lot
  • Partially Fenced Property
  • Property is zoned PCC-1

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 7,321 Sq Ft Home
  • Concrete Flooring

Parking

  • 74 Open Parking Spaces
  • 74 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 301-90-010-B

Community Details

Overview

  • El Dorado Crossings Subdivision

Building Details

  • Gross Income $266,413
  • Net Operating Income $177,976

Property Details

Property Type

Other

Est. Annual Taxes

$21,545

Year Built

Built in 2001

Lot Details

1.31 Acres

Listing Details

  • Cross Street: Elliot and Kyrene
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: PCC-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2001
  • Tax Year: 2022
  • Lot Size Acres: 1.31
  • Subdivision Name: EL DORADO CROSSINGS
  • Structure Type: Commercial
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Concrete
  • Living Area: 7321.0

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: None
  • Construction Type: Metal Siding, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Metal: Yes

Garage/Parking

  • Parking Features: Paved, Private, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 74.0
  • Total Parking Spaces: 74.0
  • General Property Description:Uncvrd Parking Spcs: 74.0
  • General Property Description:Total Parking Spcs: 74.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Free: Yes
  • Parking Features Public Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 56955.0
  • Parcel #: 301-90-010-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 266413.08
  • Property Net Operating Income: 177975.96

Tax Info

  • Tax Annual Amount: 21545.0
  • Tax Book Number: 301.00
  • Tax Lot: 1
  • Tax Map Number: 90.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2022
Closed on
Dec 14, 2022
Sold by
El Dorado Plaza Lp
Bought by
Peter S Sou And Karen K Ung 2015 Revocable Tr
Seller's Agent
Jack Cardon
Cardon Commercial
Buyer's Agent
Jack Cardon
Cardon Commercial
List Price
$3,095,234
Sold Price
$3,095,000
Premium/Discount to List
-$234
-0.008%
Current Estimated Value
$3,295,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,929
Avg. Annual Appreciation
1.86%

Purchase Details

Listed on
Oct 1, 2022
Closed on
Dec 7, 2022
Sold by
El Dorado Plaza Lp
Bought by
Peter S Sou And Karen K Ung 2015 Revocable Tr and Sou
Seller's Agent
Jack Cardon
Cardon Commercial
Buyer's Agent
Jack Cardon
Cardon Commercial
List Price
$3,095,234
Sold Price
$3,095,000
Premium/Discount to List
-$234
-0.008%

Purchase Details

Closed on
Nov 5, 2019
Sold by
Leparulo Anthony and Anthony Leparulo Trust
Bought by
El Dorado Plaza Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2006
Sold by
Chandler Associates
Bought by
Leparulo Anthony

Purchase Details

Closed on
Dec 19, 2001
Sold by
Elliot Roosevelt Investors Llc
Bought by
Chandler Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2001
Sold by
Alro Investors Llc
Bought by
Elliot Roosevelt Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
7.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 3, 2000
Sold by
Elliot/Kyrene Commercial 37 Lc
Bought by
Alro Investors Llc

Purchase Details

Closed on
Oct 7, 1997
Sold by
Elliott/Kyrene Commercial 37 Lc
Bought by
Opus Estates Llc
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
Peter S Sou And Karen K Ung 2015 Revocable Tr $2,900,000 Landmark Title
Peter S Sou And Karen K Ung 2015 Revocable Tr $2,900,000 Landmark Title
El Dorado Plaza Lp $2,105,000 Landmark Ttl Assurance Agcy
Leparulo Anthony $2,965,000 Chicago Title Insurance Co
Chandler Associates $1,945,000 First American Title
Elliot Roosevelt Investors Llc -- Transnation Title Insurance
Alro Investors Llc $487,200 Fidelity National Title
Opus Estates Llc -- 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 El Dorado Plaza Lp $1,470,000
Previous Owner Chandler Associates $1,080,000
Previous Owner Elliot Roosevelt Investors Llc $835,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2022 12/12/22 Sold $3,095,000 0.0% $423 / Sq Ft
10/01/2022 10/01/22 For Sale $3,095,234 -- $423 / 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 $21,843 $200,315 -- --
2024 $21,947 $196,738 -- --
2023 $21,947 $277,950 $116,824 $161,126
2022 $21,545 $261,503 $111,755 $149,748
2021 $22,656 $266,616 $114,948 $151,668
2020 $22,154 $271,998 $118,350 $153,648
2019 $21,497 $252,054 $104,400 $147,654
2018 $20,843 $248,076 $104,238 $143,838
2017 $20,043 $218,412 $96,516 $121,896
2016 $20,221 $195,120 $85,410 $109,710
2015 $19,166 $157,417 $73,205 $84,212
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jack Cardon

    Cardon Commercial

    (480) 278-9007

    1 in this area

    2 Total Sales

    Jack Cardon
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6471713

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-90-010B

Arizona Maricopa County Tempe 85283 South Tempe

780 W Elliot Rd, Tempe, AZ

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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