NOT LISTED FOR SALE

8849 S 7th St Phoenix, AZ 85042

South Mountain Neighborhood
2 Acres
-- Price per Acre
87,120 Sq Ft Lot

Last Sold December 31, 2021

Last sale price $1,100,000

36 Days on Market

About This Lot

As of December 2021

The 8849 South 7th Street multifamily site located in Phoenix, Arizona presents a
prime infill development opportunity for potential buyers. The parcel sits atop 2.0
gross acres and is permit-ready with an approved 27-unit plan with an existing R-3
zoning designation.
The building plans are designed with modern architecture and offer residents a
choice of two spacious floor plan types with a unit mix of 16 two-bedroom / twobathroom
units at 890 square feet and 11 one-bedroom / one-bathroom units at
590 square feet. All units will enjoy in-suite washer and dryer appliances.
Community amenities housed within the central courtyard will include: A resort
inspired swimming pool, barbecue and lounge area and the convenience of an
onsite dog park.

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 03/16/2021

Munroe Multifamily

Last Buyer's Agent

Royce Munroe

ABI Multifamily License #BR512795000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,676

Lot Details

  • 2 Acre Lot
  • Property is zoned R-3

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 300-37-006

Property Details

Property Type

Land

Est. Annual Taxes

$2,676

Lot Details

0

Listing Details

  • Cross Street: Baseline & 7th Street
  • Property Type: Land
  • Zoning: R-3
  • Tax Year: 2020
  • Lot Size Acres: 2.0
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: Other (See Rmks)

Utilities

  • Electric: Other (See Rmks)
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: unknown
  • Lot Size Sq Ft: 87129.0
  • Additional Parcels: No
  • Parcel #: 300-37-006
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2676.0
  • Tax Book Number: 300.00
  • Tax Lot: -
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2021
Sold by
Southwest Contracting Az Lp
Bought by
Comrie Developments Llc

Purchase Details

Closed on
Apr 29, 2020
Sold by
Investarusa Llc
Bought by
Southwest Constracting Az Lp

Purchase Details

Closed on
Jan 8, 2020
Sold by
7Th Street And Baseline Llc
Bought by
Investarusa Inc

Purchase Details

Closed on
Aug 11, 2005
Sold by
Widdows Matthew D
Bought by
7Th Street & Baseline Llc

Purchase Details

Closed on
Feb 24, 2005
Sold by
Southeast Latin American District Churc
Bought by
Cri Construction Llc

Purchase Details

Closed on
Feb 26, 1997
Sold by
Gibbs Michael and Gibbs Mildred
Bought by
Southwest Latin American District Church

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.86%
Mortgage Type
Seller Take Back
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
Comrie Developments Llc $1,100,000 None Available
Southwest Constracting Az Lp -- None Available
Investarusa Inc $285,000 None Available
7Th Street & Baseline Llc -- --
Widdows Matthew D -- --
Cri Construction Llc $225,000 Fidelity National Title
Southwest Latin American District Church $60,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Southwest Latin American District Church $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2021 12/31/21 Sold $1,100,000 -18.5% --
04/21/2021 04/21/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,350,000 -- --
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
2021 $2,676 $25,965 $25,965 $0
2020 -- $27,360 $27,360 $0
2019 -- $26,565 $26,565 $0
2018 -- $21,180 $21,180 $0
2017 -- $17,370 $17,370 $0
2016 -- $18,675 $18,675 $0
2015 -- $21,136 $21,136 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    1 in this area

    31 Total Sales

    Royce Munroe
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6207831

Arizona Regional Multiple Listing Service (ARMLS)

APN: 300-37-006

Arizona Maricopa County Phoenix 85042 South Mountain

8849 S 7th St, Phoenix, AZ

Not Listed for Sale

Lots

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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