NOT LISTED FOR SALE

802 N 15th Ave Unit 24, 25 Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $349,096

0.32 Acre
$1,090,925 Price per Acre
13,939 Sq Ft Lot

Last Sold December 30, 2022

Last sale price $310,000

Est. 13% increase in value since last sale

Current estimated payment $2,144/month

165 Days on Market

About This Lot

As of December 2022

802 North 15th Avenue is a prime development opportunity located
just west of Downtown Phoenix. The parcel is located just west of 7th
Avenue and a block south of West Roosevelt Street. It is a quick bike
ride to Roosevelt Row and walking distance to the gentrifying, eclectic
Grand Avenue Arts District. Before completion of the interstate, Grand
Avenue was the gateway to Los Angeles. Today, the diagonal roadway
has morphed into the city's most boho, free-spirited downtown district,
with storefronts and commercial buildings filled with galleries, cafés,
yoga studios, and nightlife spots. On Grand Avenue, no space is
exempt from being a site for public art. That includes a strip on Grand
Avenue and McKinley Street, where a multicolored sidewalk is shaded
by trees.... ...covered in afghans and puffballs hang from the branches
in addition to a variety of murals around this major thoroughfare.
Additionally, you'll also find an array of artist studios and mom-and-pop shops and note this as a place where workspaces and storefronts
collide. Hunt down records at Grand Avenue Records, sip on coffee
and view local artwork at Belhaus, and find some new plant babies at the Instagram-friendly Pueblo. The property is also just under one mile from the heart of downtown Phoenix, and roughly one mile to the nearest Light Rail Station. It is minutes to the Stadium District, the Downtown Biomedical Campus, ASU Downtown Campus, in addition to the I-10 Freeway, giving residents easy access to all areas of Metropolitan Phoenix. This location is as central as it gets and allows residents to enjoy, with ease, so much of what Phoenix has to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points and light rail stations within minutes, this property will
prove to be a phenomenal development opportunity in a fantastic
central location. 802 North 15th Avenue is a 14,000 square foot lot with a variety of different development opportunities. The current zoning is C-2 which would allow for approximately 6-7 units, but the seller would be willing to give someone time to change the zoning to a higher density if desired. A piece of this site offers a buyer a bite-sized development opportunity in a strong central location with many different options.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 06/07/2022

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Julian Felix

ProSmart Realty License #SA650523000

ProSmart Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,552

Lot Details

  • 0.32 Acre Lot
  • Property is zoned C2

Community Details

  • No Home Owners Association
  • Homestead Place 3 Subdivision

Listing and Financial Details

  • Tax Lot 24, 25
  • Assessor Parcel Number 111-25-047-B

Property Details

Property Type

Land

Est. Annual Taxes

$3,552

Lot Details

0

Listing Details

  • Cross Street: Grand Ave & 15th Ave
  • Property Type: Land
  • Zoning: C2
  • Tax Year: 2021
  • Directions: South on 15th Ave to Property on NW Corner of 15th Ave and McKinley.
  • Lot Size Acres: 0.32
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: HOMESTEAD PLACE 3
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: See Remarks

Utilities

  • Electric: Other (See Rmks)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 101 x 136
  • Lot Size Sq Ft: 14000.0
  • Additional Parcels: No
  • Parcel #: 111-25-047-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3552.0
  • Tax Book Number: 111.00
  • Tax Lot: 24, 25
  • Tax Map Number: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Dec 30, 2022
Sold by
Farallon Holdings Llc
Bought by
Broadeedge Llc
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
Julian Felix
ProSmart Realty
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%
Views
11
Current Estimated Value
$349,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,096
Avg. Annual Appreciation
4.41%
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
Broadeedge Llc $310,000 Magnus Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2022 12/30/22 Sold $310,000 -4.6% --
11/02/2022 11/02/22 For Sale $325,000 +4.8% --
11/02/2022 11/02/22 Off Market $310,000 -- --
06/07/2022 06/07/22 For Sale $325,000 -- --
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 $3,435 $24,909 -- --
2024 $3,505 $24,465 -- --
2023 $3,505 $44,268 $39,508 $4,760
2022 $3,480 $33,216 $28,823 $4,393
2021 $3,552 $34,110 $29,646 $4,464
2020 $3,593 $30,078 $25,542 $4,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6412805

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-25-047B