NOT LISTED FOR SALE

8601 S Priest Dr Unit 101 Tempe, AZ 85284

South Tempe Neighborhood

Estimated Value: $1,326,474

-- Bed
-- Bath
3,062 Sq Ft
3,049 Sq Ft Lot

Last Sold March 03, 2017

Last sale price $765,637 $250 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,541/month

57 Days on Market

Highlights

  • Wood Flooring
  • Kyrene de la Mariposa Elementary School Rated A-
  • Community Kitchen

About This Home

As of March 2017

INVESTMENT SALE WITH HIGH-QUALITY INCOME! Built-out office condominium for sale with owner (insurance agent) to lease back (NNN) with 5-year term upon sale. The property combines high-end finishes with cleverly designed, multi-tenant capabilities, incorporating shared elements, such as conference room, restrooms, and a kitchen/break room. Main suite has 8 offices + reception, and adjoining suite has one private office + reception.

Highlights:
· High-end finishes throughout
· High quality income stream
· 5-year, $19.40 NNN lease (7% cap rate)
· Cleverly built-out with shared elements for multi-tenant occupancy
· Multiple entrances
· Priest Road visibility
· Numerous retail amenities in center and surrounding area
· Covered parking

Last Agent to Sell the Property

Eric Bjornsen

Realty ONE Group License #SA579993000 Listed on: 11/03/2016

Last Buyer's Agent

Tom Snyder

Interwest Real Estate LLC License #BR012792000

Interwest Real Estate LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,652

Year Built

  • Built in 2007

Lot Details

  • 3,049

Home Design

  • 3,062 Sq Ft Home
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • Public Parking
  • 3 Covered Spaces
  • Private Parking
  • Free Parking

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 301-53-233

Community Details

Overview

  • Warner Village Condominiums Replat Lots 2 & 3 Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $13,832
  • Net Operating Income $59,363

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,652

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: PCC-1 Tempe
  • Number Of Buildings: 1
  • Ownership: Condominium
  • Year Built: 2007
  • Tax Year: 2016
  • Directions: Warner Village is conveniently located at the NE corner of Warner and Priest Roads, approximately ½ mile from Interstate 10, and in the South Tempe / Ahwatukee trade area.
  • Lot Size Acres: 0.07
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: WARNER VILLAGE CONDOMINIUMS REPLAT LOTS 2 & 3
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 3062.0

Exterior Features

  • Fencing: None
  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco
  • Roof: Foam
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Private Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Green Building Features: Physcl Chlgd (SRmks), Conference Room, Reception Room, Kitchen, LAN Compatible Copr
  • Water Source: Other, See Remarks
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:LAN Compatible Copr: Yes
  • Amenities:Physcl Chlgd (SRmks): Yes

Lot Info

  • Lot Size Sq Ft: 3062.0
  • Parcel #: 301-53-233
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 59363.0
  • Annual Operating Expense: 13832.0

Tax Info

  • Tax Annual Amount: 5652.0
  • Tax Book Number: 301.00
  • Tax Lot: 101
  • Tax Map Number: 53.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Procom Investments Inc
Bought by
Equity Ag Financial Inc
Current Estimated Value
$1,326,474

Purchase Details

Listed on
Nov 3, 2016
Closed on
Feb 28, 2017
Sold by
Fambiz Llc
Bought by
Procom Investments Inc
Seller's Agent
Eric Bjornsen
Realty ONE Group
Buyer's Agent
Tom Snyder
Interwest Real Estate LLC
List Price
$848,000
Sold Price
$765,637
Premium/Discount to List
-$82,363
-9.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Sep 21, 2007
Sold by
Warner & Priest Equity Investors Llc
Bought by
Fambiz Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$827,067
Interest Rate
6.57%
Mortgage Type
New Conventional
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
Equity Ag Financial Inc -- None Listed On Document
Procom Investments Inc $765,637 Fidelity Natl Title Agency I
Fambiz Llc $643,020 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fambiz Llc $827,067
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $765,637 -9.7% $250 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $848,000 -- $277 / 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 $6,102 $55,990 -- --
2024 $6,135 $54,990 -- --
2023 $6,135 $110,330 $22,066 $88,264
2022 $6,022 $97,791 $19,548 $78,243
2021 $6,333 $97,290 $19,458 $77,832
2020 $6,192 $89,730 $17,946 $71,784
2019 $6,009 $81,090 $16,218 $64,872
2018 $5,826 $70,344 $14,058 $56,286
2017 $5,602 $65,664 $13,122 $52,542
2016 $5,652 $63,306 $12,654 $50,652
2015 $5,357 $55,149 $11,026 $44,123
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Eric Bjornsen

    Realty One Group

    (602) 549-0495

    Eric Bjornsen
    Section Image
  • Tom Snyder

    Buyer's Agent in 2017

    Tom Snyder

    Interwest Real Estate LLC

    (602) 295-7808

    5 Total Sales

    Tom Snyder
    Section Image

  • T

    Buyer's Agent in 2017

    Thomas Snyder

    Walt Danley Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5520160

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-53-233

Arizona Maricopa County Tempe 85284 South Tempe

8601 S Priest Dr Unit 101, Tempe, AZ

This home is located at 8601 S Priest Dr Unit 101, Tempe, AZ 85284 since 03 November 2016 and is currently estimated at $1,326,474, approximately $433 per square foot. This property was built in 2007. 8601 S Priest Dr Unit 101 is a home located in Maricopa County with nearby schools including Kyrene de la Mariposa Elementary School, Kyrene Middle School, and Mountain Pointe 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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