NOT LISTED FOR SALE
-- Bed
-- Bath
3,100 Sq Ft
0.45 Acres

Last Sold September 20, 2024

Last sale price $850,000 $274 Per Sq Ft

42 Days on Market

Highlights

  • 0.45 Acre Lot
  • Community Kitchen
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A
  • Ceramic Tile Flooring

About This Home

As of September 2024

Amazing Central Location! 0.4 Acres of Commercial Property. Currently leased month to month by Auto Dealership/ Sales/ Repair. So many possibilities for this high traffic area with both Cave Creek and 8th Street Access. Currently has Office, Auto Bay, Storage and small home. Sold As-Is. DO NOT Disturb Tenants Please. Cash, 1031, or Financed deal okay.

Last Agent to Sell the Property

Melanie Lakovich

HomeSmart License #SA691552000 Listed on: 07/23/2024

HomeSmart

Last Buyer's Agent

Reuben Nach

R.O.I. Properties License #SA687040000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,569

Year Built

  • Built in 1983

Lot Details

  • 0.45 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned C3

Home Design

  • 3,100 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Metal Roof
  • Block Exterior
  • Metal Siding
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 30 Open Parking Spaces
  • 34 Parking Spaces
  • Public Parking
  • 4 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 1, 2, 3
  • Assessor Parcel Number 159-36-119-A

Community Details

Overview

  • 4 Buildings
  • Building Dimensions are 150x120

Amenities

  • Community Kitchen

Building Details

  • Operating Expense $1,569
  • Gross Income $72,000

Property Details

Property Type

Other

Est. Annual Taxes

$1,569

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: CAVE CREEK AND 7TH STREET/DUNLAP
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C3
  • Bay Info Bay Door Height: 15.0
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2023
  • Lot Size Acres: 0.45
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Living Area: 3100.0

Exterior Features

  • Fencing: Block, Chain Link
  • Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
  • Construction Type: Frame - Wood, Stucco, Metal Siding, Block
  • Roof: Composition, Built-Up, Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Private Parking, Public Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 34.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 34.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C
  • Heating: Electric, Natural Gas
  • Green Building Features: Other (See Remarks), Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size: 150x120
  • Lot Size Sq Ft: 19489.0
  • Parcel #: 159-36-119-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 72000.0
  • Annual Operating Expense: 1569.0

Tax Info

  • Tax Annual Amount: 1569.0
  • Tax Book Number: 159.00
  • Tax Lot: 1, 2, 3
  • Tax Map Number: 36.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Sep 5, 2024
Sold by
Raynor Jerry T and Raynor Edward J
Bought by
Bme Financial Llc
Seller's Agent
Melanie Lakovich
HomeSmart
Buyer's Agent
Reuben Nach
R.O.I. Properties
List Price
$1,200,000
Sold Price
$850,000
Premium/Discount to List
-$350,000
-29.17%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Outstanding Balance
$322,335
Interest Rate
6.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 15, 2006
Sold by
Raynor Jerry T
Bought by
City Of Phoenix

Purchase Details

Closed on
Sep 26, 1996
Sold by
Simjanoski Boris and Simjanoski Gordijana
Bought by
Raynor Jerry T

Purchase Details

Closed on
Aug 2, 1995
Sold by
Melluzzo Frank and Melluzzo Concetta
Bought by
Simjanoski Boris and Simjansoki Gordijana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
7.83%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bme Financial Llc $826,000 Pioneer Title Agency
City Of Phoenix -- None Available
Raynor Jerry T $203,892 Ati Title Agency
Simjanoski Boris $125,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bme Financial Llc $326,000
Previous Owner Simjanoski Boris $117,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $850,000 -29.2% $274 / Sq Ft
07/23/2024 07/23/24 For Sale $1,200,000 -- $387 / 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 $1,563 $12,299 -- --
2024 $1,569 $12,079 -- --
2023 $1,569 $13,039 $11,662 $1,377
2022 $1,563 $11,621 $10,343 $1,278
2021 $1,670 $11,988 $10,638 $1,350
2020 $1,628 $13,032 $11,646 $1,386
2019 $1,598 $12,690 $11,322 $1,368
2018 $1,556 $11,376 $9,990 $1,386
2017 $1,549 $11,178 $9,612 $1,566
2016 $1,520 $11,088 $9,612 $1,476
2015 $1,447 $8,955 $7,345 $1,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6729767

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-36-119A