NOT LISTED FOR SALE

8245 N 85th Way Scottsdale, AZ 85258

McCormick Ranch Neighborhood

Estimated Value: $2,446,491

-- Bed
-- Bath
5,630 Sq Ft
$435/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $2,300,000 $409 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $13,816/month

11 Days on Market

Highlights

  • 0.51 Acre Lot
  • Community Kitchen
  • Central Air
  • Cochise Elementary School Rated A
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of July 2024

BEAUTIFUL OFFICE BUILDING LOCATED IN THE HEART OF SCOTTSDALE. WITH EASY ACCESS TO THE 101, DINING, AND SHOPPING THIS LOCATION CANNOT BE BEAT. WITH OVER 5,600 SQ FT THERE IS SO MUCH THAT CAN BE DONE WITH THIS BUILDING. THE CURRENT OWNER IS AN OWNER USER AND WOULD LOVE TO STAY AND SIGN A FIVE YEAR LEASE. HOWEVER, IF A BUYER IS LOOKING TO OCCUPY THEY CAN MOVE OUT AT CLOSING. THE SELLER IS ALSO WILLING TO CARRY DEPENDING ON TERMS. WITH NEW AC UNITS AND A FUNCTIONAL FLOORPLAN THIS PROPERTY IS MOVE IN READY. OVER 20 SPACES OF PARKING.

Last Agent to Sell the Property

Nick Arekat

Compass License #SA522994000 Listed on: 04/18/2024

Compass

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,475

Year Built

  • Built in 1982

Lot Details

  • 0.51 Acre Lot
  • Property is zoned C-T

Home Design

  • 5,630 Sq Ft Home
  • Tilt Up Walls
  • Tile Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 20 Parking Spaces
  • 10 Covered Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available
  • Fiber Optics Available

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 174-04-928

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Dobson Ranch Medical Dental Center Subdivision
  • Operating Expense $9,475

Property Details

Property Type

Other

Est. Annual Taxes

$9,475

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: C-T
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2022
  • Lot Size Acres: 0.51
  • Subdivision Name: DOBSON RANCH MEDICAL DENTAL CENTER
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 5630.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Tilt-Up
  • Roof: Tile
  • Construction:Tilt-Up: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen, Fiber Optic Availble
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Fiber Optic Availble: Yes

Lot Info

  • Lot Size Sq Ft: 22081.0
  • Parcel #: 174-04-928
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 9475.0

Tax Info

  • Tax Annual Amount: 9475.0
  • Tax Book Number: 174.00
  • Tax Lot: 6
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Aug 21, 2024
Sold by
Bsp Management Limited Partnership and Bsp Management Holdings Limited Partners
Bought by
Bsp Management Holdings Limited Partnership
Seller's Agent
Nick Arekat
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,599,000
Sold Price
$2,300,000
Premium/Discount to List
-$299,000
-11.5%
Views
6
Current Estimated Value
$2,446,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,491
Avg. Annual Appreciation
4.98%

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jul 1, 2024
Sold by
Started From The Bottom Llc
Bought by
Bsp Management Limited Partnership
Seller's Agent
Nick Arekat
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,599,000
Sold Price
$2,300,000
Premium/Discount to List
-$299,000
-11.5%
Views
6

Purchase Details

Closed on
Mar 9, 2018
Sold by
Make N Law Llc
Bought by
Started From The Bottom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 23, 2017
Sold by
Sharp Roger T and Sharp Terrie
Bought by
Sharp Terrie Lee

Purchase Details

Closed on
Apr 15, 2008
Sold by
Sunwest Valley Developers Inc
Bought by
Make N Law Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2004
Sold by
8245 N 85Th Way Llc
Bought by
Sunwest Valley Developers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2000
Sold by
Befort Wayne and Befort Heidi I
Bought by
8245 N 85Th Way Llc
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
Bsp Management Holdings Limited Partnership -- Premier Title Agency
Bsp Management Limited Partnership $2,300,000 Premier Title Agency
Started From The Bottom Llc $1,200,000 Pioneer Title Agency Inc
Sharp Terrie Lee -- None Available
Make N Law Llc $1,584,535 Chicago Title Insurance Co
Make N Law Llc $1,584,535 Chicago Title Insurance Co
Sunwest Valley Developers Inc $1,265,000 First American Title Ins Co
8245 N 85Th Way Llc $774,750 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Started From The Bottom Llc $900,000
Previous Owner Make N Law Llc $815,000
Previous Owner Sunwest Valley Developers Inc $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2024 07/01/24 Sold $2,300,000 -11.5% $409 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $2,599,000 -- $462 / 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 $9,523 $136,280 -- --
2024 $9,699 $133,846 -- --
2023 $9,699 $175,304 $81,549 $93,755
2022 $9,475 $170,241 $68,933 $101,308
2021 $10,352 $189,504 $70,902 $118,602
2020 $10,261 $156,006 $67,194 $88,812
2019 $9,904 $142,236 $63,990 $78,246
2018 $9,589 $154,674 $68,148 $86,526
2017 $9,185 $143,838 $68,148 $75,690
2016 $8,957 $125,622 $65,988 $59,634
2015 $8,817 $98,587 $63,141 $35,446
Source: Public Records

Agents Affiliated with this Home

  • Nick Arekat

    Seller's Agent in 2024

    Nick Arekat

    Compass

    (602) 321-2084

    10 in this area

    176 Total Sales

    Nick Arekat
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6693188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-04-928

Arizona Maricopa County Scottsdale 85258 McCormick Ranch

8245 N 85th Way, Scottsdale, AZ

This home is located at 8245 N 85th Way, Scottsdale, AZ 85258 since 18 April 2024 and is currently estimated at $2,446,491, approximately $434 per square foot. This property was built in 1982. 8245 N 85th Way is a home located in Maricopa County with nearby schools including Cochise Elementary School, Cocopah Middle School, and Chaparral 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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