NOT LISTED FOR SALE

Estimated Value: $815,302

Studio
-- Bath
2,796 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $478,500 $171 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,922/month

57 Days on Market

Highlights

  • Community Kitchen
  • Display Windows
  • Carpet
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heating Available

About This Home

As of August 2018

This +/-2796 SF office building is located in desirable Midtown Phoenix. Property consists of reception room with waiting area, 7 large offices (some of which could be converted into bullpen work spaces), conference room, kitchen/break room with storage closet, large storage/file room and two bathrooms. Located across the street from
the Phoenix Country Club. Just one block from 7th Street and Osborn Road. Convenient access to I-10, SR-51 and Loop 202 and Downtown core.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 06/01/2018

Co-Listed By

Jason Butler

R.O.I. Properties License #BR545613000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,073

Year Built

  • Built in 1970

Lot Details

  • 0.29 Acre Lot
  • Property is zoned R5

Home Design

  • Block Exterior

Interior Spaces

  • 2,796 Sq Ft Home
  • Display Windows
  • Carpet

Parking

  • 3 Open Parking Spaces
  • 13 Parking Spaces
  • 10 Covered Spaces
  • Fenced Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 68
  • Assessor Parcel Number 118-19-068-A

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Whitton Acres Amd Subdivision
  • Operating Expense $7,073

Property Details

Property Type

Other

Est. Annual Taxes

$7,073

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: 7th St & Osborn Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2017
  • Lot Size Acres: 0.29
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: WHITTON ACRES AMD
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet
  • Living Area: 2796.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: None
  • Construction Type: Other, Block
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Other, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking Features Fenced: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air, Other, See Remarks
  • Heating: Other, See Remarks
  • Green Building Features: Conference Room, Reception Room, Kitchen, Display Window(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size Sq Ft: 12500.0
  • Parcel #: 118-19-068-A

Multi Family

  • Annual Operating Expense: 7073.0

Tax Info

  • Tax Annual Amount: 7073.0
  • Tax Book Number: 118.00
  • Tax Lot: 68
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 22, 2018
Sold by
Rlb Investments Lllp
Bought by
Dnh Properties Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$500,000
Sold Price
$478,500
Premium/Discount to List
-$21,500
-4.3%
Current Estimated Value
$815,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,802
Avg. Annual Appreciation
7.49%
Original Mortgage
$461,200
Outstanding Balance
$400,534
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$415,235

Purchase Details

Closed on
Aug 10, 1998
Sold by
Aranda Thomas and Aranda Shirley Gragson
Bought by
R L B Investments Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.95%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Dnh Properties Llc $478,500 Security Title Agency Inc
R L B Investments Ltd Partnership $255,000 Century Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dnh Properties Llc $461,200
Previous Owner R L B Investments Ltd Partnership $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $478,500 -4.3% $171 / Sq Ft
06/01/2018 06/01/18 For Sale $500,000 0.0% $179 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
05/29/2018 05/29/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $500,000 -- $179 / 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 $7,913 $60,935 -- --
2024 $7,849 $59,847 -- --
2023 $7,849 $68,034 $37,009 $31,025
2022 $8,035 $65,415 $36,260 $29,155
2021 $8,405 $67,500 $37,296 $30,204
2020 $8,192 $53,712 $23,472 $30,240
2019 $7,968 $53,208 $23,166 $30,042
2018 $7,704 $50,904 $21,456 $29,448
2017 $7,073 $54,684 $22,338 $32,346
2016 $6,823 $50,832 $20,880 $29,952
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5747208

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-19-068A