NOT LISTED FOR SALE

8040 E Mcdowell Rd Scottsdale, AZ 85257

South Scottsdale Neighborhood
-- Bed
-- Bath
6,000 Sq Ft
0.6 Acres

Last Sold October 28, 2016

Last sale price $850,000 $142 Per Sq Ft

254 Days on Market

Highlights

  • 0.6 Acre Lot
  • Community Kitchen
  • Partially Fenced Property
  • Hohokam Traditional School Rated A
  • Central Air
  • Heating Available

About This Home

As of October 2016

FULLY EQUIPPED RESTAURANT IN DESIRABLE SCOTTSDALE LOCATION!!! Prominent visibility from major arterial road. Excellent parking. 3 curb cuts to property. Strong traffic counts. Situated in booming South Scottsdale.

Last Agent to Sell the Property

David Genovese

Avison Young License #BR032969000 Listed on: 12/23/2015

Last Buyer's Agent

David Genovese

Avison Young License #BR032969000 Listed on: 12/23/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,750

Year Built

  • Built in 1963

Lot Details

  • 0.6 Acre Lot
  • Partially Fenced Property
  • Additional Parcels
  • Property is zoned C-2

Home Design

  • 6,000 Sq Ft Home
  • Tilt Up Walls
  • Wood Frame Construction
  • Shake Roof
  • Block Exterior
  • Metal Siding

Parking

  • 45 Open Parking Spaces
  • 45 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Park Mcdowell Unit 1 Subdivision
  • Community Kitchen
  • Operating Expense $7,750

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 131-04-065

Property Details

Property Type

Other

Est. Annual Taxes

$7,750

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: E/NEC E. McDowell Rd. & N. Hayden Rd.
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Restaurant
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2016
  • Directions: Loop 101 (Pima Freeway) to E. McDowell Road west.
  • Lot Size Acres: 0.6
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: PARK MCDOWELL UNIT 1
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame - Wood, Tilt-Up, Metal Siding, Block
  • Roof: Shake
  • Construction:Block: Yes
  • Construction:Metal: Yes
  • Construction:Tilt-Up: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 45.0
  • Total Parking Spaces: 45.0
  • General Property Description:Uncvrd Parking Spcs: 45.0
  • General Property Description:Total Parking Spcs: 45.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 25997.0
  • Additional Parcels: Yes
  • Parcel #: 131-04-065
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7749.86
  • Leasable Area: 6000.0

Tax Info

  • Tax Annual Amount: 7749.86
  • Tax Book Number: 131.00
  • Tax Lot: 14
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2015
Closed on
Oct 28, 2016
Sold by
Andros Management Corporation
Bought by
Black Fox Group Llc
Seller's Agent
David Genovese
Avison Young
Buyer's Agent
David Genovese
Avison Young
List Price
$1,200,000
Sold Price
$850,000
Premium/Discount to List
-$350,000
-29.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,500
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Black Fox Group Llc $850,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Fox Group Llc $588,000
Closed Black Fox Group Llc $715,500
Closed Black Fox Group Llc $572,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $850,000 -29.2% $142 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
12/22/2015 12/22/15 For Sale $1,200,000 -- $200 / 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 $10,594 $151,826 -- --
2024 $10,788 $149,115 -- --
2023 $10,788 $231,574 $100,130 $131,444
2022 $10,537 $199,746 $77,403 $122,343
2021 $11,515 $204,426 $79,614 $124,812
2020 $11,414 $200,538 $75,600 $124,938
2019 $11,014 $165,528 $75,366 $90,162
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Genovese

    Avison Young

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5375531

Arizona Regional Multiple Listing Service (ARMLS)

APN: 131-04-125

Arizona Maricopa County Scottsdale 85257 South Scottsdale

8040 E Mcdowell Rd, Scottsdale, AZ

This home is located at 8040 E Mcdowell Rd, Scottsdale, AZ 85257 since 23 December 2015. This property was built in 1963. 8040 E Mcdowell Rd is a home located in Maricopa County with nearby schools including Hohokam Traditional School, Tonalea Middle School, and Coronado 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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