NOT LISTED FOR SALE

850 W Lincoln St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $2,541,252

-- Bed
-- Bath
45,827 Sq Ft
$55/Sq Ft Est. Value

Last Sold January 30, 2019

Last sale price $1,550,000 $34 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $15,013/month

205 Days on Market

Highlights

  • 1.07 Acre Lot
  • Community Kitchen
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Cooling Available
  • Heating Available

About This Home

As of January 2019

Historic, 1926 Industrial Warehouse Building with red-brick, open, flexible floor plan. Located on Lincoln and 9th Avenue; adjacent to 7th Avenue and PHX Warehouse District. Building includes: Conference Room, Open Office Corridor/Bull-Pen, Reception Area, Supply Room, Break Room, Large Open Warehouse w/ Mezzanine, 7 Roll-up Doors, Break Room (No Plumbing), and Private Restrooms. 16 Roof-Mounted EVAP Coolers approximately 5-6 years old; Office A/C Unit, Taxes: $12,975, Zoned A-1 (Light Industrial), City of Phoenix. Make an Offer!

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 03/22/2018

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

  • $14,045

Year Built

  • Built in 1927

Lot Details

  • 1.07 Acre Lot
  • Property is zoned A-1

Home Design

  • 45,827 Sq Ft Home
  • Brick Exterior Construction
  • Wood Frame Construction
  • Foam Roof
  • Metal Siding

Flooring

  • Concrete
  • Ceramic Tile

Utilities

  • Cooling Available
  • Heating Available
  • 220 Volts

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 112-12-033

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Additional Features

  • Irvine Add 17 18, 23 26 Subdivision
  • Operating Expense $14,045

Property Details

Property Type

Other

Est. Annual Taxes

$14,045

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: A-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1927
  • Tax Year: 2017
  • Lot Size Acres: 1.07
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: IRVINE ADD 17-18, 23-26
  • Structure Type: Industrial, Distribution/Warehse
  • Construction Brick: Yes
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Ceramic Tile, Concrete
  • Living Area: 45827.0

Exterior Features

  • Fencing: None
  • Disclosures: Other (See Remarks), ALTA Survey Availbl
  • Construction Type: Wood Frame, Other, Metal Siding, Brick
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Other (See Remarks)23: Yes
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: 220 Volts, 3 Phase Power, Over 220 Amp, APS
  • Cooling: Office A/C, Warehouse Evap
  • Heating: Other, See Remarks
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks, City Franchise
  • 3 Phase Power: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showroom: Yes

Lot Info

  • Lot Size Sq Ft: 46811.0
  • Parcel #: 112-12-033

Multi Family

  • Annual Operating Expense: 14045.0

Tax Info

  • Tax Annual Amount: 14045.0
  • Tax Book Number: 112.00
  • Tax Lot: 2
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2018
Closed on
Dec 13, 2018
Sold by
Lincoln Llc
Bought by
Hello Lincoln Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,000,000
Sold Price
$1,550,000
Premium/Discount to List
-$450,000
-22.5%
Current Estimated Value
$2,541,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$991,252
Avg. Annual Appreciation
8.10%
Original Mortgage
$192,500
Interest Rate
5.5%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 24, 2012
Sold by
Knudsen Earl L
Bought by
850 West Lincoln Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2008
Sold by
Chapman Sidney B
Bought by
Chapman Arizona Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2008
Sold by
Chapman Arizona Properties Llc
Bought by
Knudsen Earl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2008
Sold by
Chapman Sidney B
Bought by
Chapman Arizona Properties Llc

Purchase Details

Closed on
Jan 30, 2004
Sold by
Granite Properties Inc
Bought by
Chapman Sidney B and Chapman Eleanore A

Purchase Details

Closed on
Mar 27, 1998
Sold by
Arizona Sash Door & Glass Company
Bought by
Hallett Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 1998
Sold by
Arizona Sash Door & Glass Company
Bought by
Granite Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back
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
Hello Lincoln Llc $1,550,000 Fidelity National Title
850 West Lincoln Llc -- Security Title Agency
Chapman Arizona Properties Llc -- Fidelity National Title
Chapman Sidney B -- Fidelity National Title
Knudsen Earl L $735,000 Chicago Title Insurance Comp
Chapman Arizona Properties Llc -- None Available
Chapman Sidney B -- None Available
Chapman Sidney B -- Stewart Title & Trust
Hallett Holdings Llc $1,100,000 Stewart Title & Trust
Granite Properties Inc $580,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hello Lincoln Llc $982,000
Closed Hello Lincoln Llc $1,192,500
Closed Hello Lincoln Llc $192,500
Previous Owner Hello Lincoln Llc $954,000
Previous Owner 850 West Lincoln Llc $757,000
Previous Owner Chapman Arizona Properties Llc $450,000
Previous Owner Knudsen Earl L $750,000
Previous Owner Hallett Holdings Llc $990,000
Previous Owner Granite Properties Inc $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2019 01/30/19 Sold $1,550,000 -16.2% $34 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
06/18/2018 06/18/18 Price Changed $1,850,000 -5.1% $40 / Sq Ft
05/31/2018 05/31/18 Price Changed $1,950,000 -2.5% $43 / Sq Ft
03/12/2018 03/12/18 For Sale $2,000,000 -- $44 / 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 $14,009 $101,581 -- --
2024 $14,293 $99,767 -- --
2023 $14,293 $456,042 $63,070 $392,972
2022 $14,191 $367,588 $68,915 $298,673
2021 $14,487 $370,224 $70,884 $299,340
2020 $14,654 $415,476 $61,326 $354,150
2019 $14,630 $406,836 $47,160 $359,676
2018 $14,380 $333,108 $43,668 $289,440
2017 $14,046 $315,432 $45,486 $269,946
2016 $13,643 $263,964 $41,346 $222,618
2015 $12,975 $243,128 $39,720 $203,408
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Jason Butler

    Seller Co-Listing Agent in 2019

    Jason Butler

    R.O.I. Properties

    (602) 288-6959

    3 in this area

    37 Total Sales

    Jason Butler
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5740087

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-12-033

Arizona Maricopa County Phoenix 85007 Central City

850 W Lincoln St, Phoenix, AZ

This home is located at 850 W Lincoln St, Phoenix, AZ 85007 since 22 March 2018 and is currently estimated at $2,541,252, approximately $55 per square foot. This property was built in 1927. 850 W Lincoln St is a home located in Maricopa County with nearby schools including Dunbar Elementary School, Magnet Traditional School, and Phoenix Coding Academy.

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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