NOT LISTED FOR SALE

Estimated Value: $311,000 - $376,000

0.58 Acre
$609,638 Price per Acre
25,265 Sq Ft Lot

Last Sold May 24, 2024

Last sale price $360,000

Est. 2% decrease in value since last sale

Current estimated payment $2,001/month

249 Days on Market

About This Lot

As of May 2024

LET'S MAKE A DEAL! This property is located in an up and coming community with a great location. Situated in a designated City of Phoenix Infill Incentive area on 8th St that is directly in the path of development! Land, plans, and permits issued. Permits have expired. However, there is still an opportunity for you to bring your own builder and start construction. Previous proposed plans can be found in the documents section on MLS. It is important for the buyer to verify all measurements, plans, and any concerns prior to the close of escrow.

Last Agent to Sell the Property

Cynthia Jennings

Nexthome Complete Realty License #SA701092000 Listed on: 08/04/2023

Nexthome Complete Realty

Last Buyer's Agent

Cynthia Jennings

Nexthome Complete Realty License #SA701092000 Listed on: 08/04/2023

Nexthome Complete Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,407

Lot Details

  • 0.58 Acre Lot
  • Property is zoned R4

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 160-03-077-C

Property Details

Property Type

Land

Est. Annual Taxes

$1,407

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: R4
  • Tax Year: 2022
  • Horses: No
  • Lot Size Acres: 0.58
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: See Remarks, Multi-Family

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: Irreg
  • Lot Size Sq Ft: 25132.0
  • Additional Parcels: No
  • Parcel #: 160-03-077-C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1407.0
  • Tax Book Number: 160.00
  • Tax Lot: -
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
May 24, 2024
Sold by
Nemani Srinivas
Bought by
Srj Acacia Llc
Seller's Agent
Cynthia Jennings
Nexthome Complete Realty
Buyer's Agent
Cynthia Jennings
Nexthome Complete Realty
List Price
$649,999
Sold Price
$360,000
Premium/Discount to List
-$289,999
-44.62%
Total Days on Market
249
Views
74
Current Estimated Value
$353,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,410
Avg. Annual Appreciation
-1.75%
Original Mortgage
$288,000
Outstanding Balance
$257,676
Interest Rate
6.88%
Mortgage Type
Balloon
Estimated Equity
$95,914

Purchase Details

Closed on
May 15, 2019
Sold by
Ghaffari Mahnaz and Ghaffari Kassai H
Bought by
Footprint Properties Llc

Purchase Details

Closed on
Dec 21, 2018
Sold by
Ghaffari Md Mahaz and The Mahnaz Ghaffari Trust
Bought by
Ghaffari Md Mahnaz and The Mahnaz Ghaffari Md Living

Purchase Details

Closed on
Feb 18, 2015
Sold by
Kassai H A and Thomas Bree Trust
Bought by
Ghaffari Mahnaz and Mahnaz Ghaffari Trust

Purchase Details

Closed on
Jan 18, 2013
Sold by
Kassai Hassan A
Bought by
Kensington Trust

Purchase Details

Closed on
Sep 20, 2012
Sold by
Thomas Bree Trust
Bought by
Kassai H A

Purchase Details

Closed on
Jan 9, 2006
Sold by
Kassai H A
Bought by
Kensington Trust

Purchase Details

Closed on
Jan 8, 2006
Sold by
Kassai H A
Bought by
Thomas Bree Trust

Purchase Details

Closed on
Mar 29, 2004
Sold by
Kassai H A
Bought by
Kassai H A and H A Kassai Rollover Ira Accoun

Purchase Details

Closed on
Dec 29, 1999
Sold by
Kassai H A
Bought by
Ira Hassan A Kassai Rollover

Purchase Details

Closed on
May 13, 1996
Sold by
Kassai M G
Bought by
Kassai H A

Purchase Details

Closed on
Dec 12, 1995
Sold by
Kassai Mahnaz G
Bought by
Kassai H A
Source: Public Records

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Range of Values:

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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
Srj Acacia Llc -- --
Nemani Srinivas $360,000 Pioneer Title Agency
Footprint Properties Llc $260,000 Pioneer Title Agency Inc
Ghaffari Md Mahnaz -- None Available
Ghaffari Mahnaz -- Accommodation
Kensington Trust -- None Available
Kassai H A -- None Available
Kensington Trust -- --
Thomas Bree Trust -- --
Kassai H A -- First American Title
Kassai H A -- First American Title
Kassai H A -- First American Title
Kassai H A -- First American Title
Kassai H A -- First American Title
Ira Hassan A Kassai Rollover $97,500 Capital Title Agency
Kassai H A -- United Title Agency
Kassai H A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nemani Srinivas $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $360,000 -20.0% --
04/10/2024 04/10/24 Pending -- -- --
03/24/2024 03/24/24 Price Changed $449,999 -10.0% --
02/05/2024 02/05/24 Price Changed $499,999 -23.1% --
08/04/2023 08/04/23 For Sale $649,999 -- --
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 $1,482 $12,115 $12,115 --
2024 $1,455 $11,538 $11,538 --
2023 $1,455 $47,145 $47,145 $0
2022 $1,407 $31,920 $31,920 $0
2021 $1,425 $30,630 $30,630 $0
2020 $1,390 $22,845 $22,845 $0
2019 $1,365 $10,935 $10,935 $0
2018 $1,329 $8,610 $8,610 $0
2017 $1,391 $8,625 $8,625 $0
2016 $1,441 $8,670 $8,670 $0
2015 $1,706 $12,064 $12,064 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6588420

Arizona Regional Multiple Listing Service (ARMLS)

APN: 160-03-077C