$405,000
SOLD MAY 10, 2016
-- Bed
-- Bath
4,001 Sq Ft
5,720 Sq Ft Lot

Recently Sold

$101 Per Sq Ft

9% Below List Price

65 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of July 2018

Exceptionally well maintain and attractive multi-tenant retail/office center. There are 6 seperate store fronts. All occupied 100% occupied. Currently there are 4 tenants with 1 tenants occupying three spaces. (There is a space available that could be given up 620sf with bathroom and small kitchen or back office) Ceramic tile and apoxy floor, all block construction. Drop ceilings. Great view of North Mountain. Great visibility and traffic counts are high. Rear parking allowing also for deliveries. Private front and back entry.

Last Agent to Sell the Property

Elizabeth King

Realty ONE Group License #SA522375000 Listed on: 01/05/2016

Last Buyer's Agent

Joan Krueger

Bliss Realty & Investments License #SA579766000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,013

Year Built

  • Built in 1984

Lot Details

  • 5,720 Sq Ft Lot
  • Property is zoned R-5

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 4,001 Sq Ft Home
  • Concrete Flooring

Parking

  • 28 Parking Spaces
  • 14 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 159-46-028

Community Details

Overview

  • Globa Subdivision

Building Details

  • Operating Expense $4,533
  • Gross Income $45,096
  • Net Operating Income $34,965

Property Details

Property Type

Other

Est. Annual Taxes

$2,013

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 6th Street and Hatcher
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R-5
  • Current Use: Mixed Use, Retail, Service Business, Office
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 6437
  • Directions: South East Corner of 6th and Hatcher.
  • Lot Size Acres: 0.13
  • Subdivision Name: GLOBA
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 14.0
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 28.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Fee Information

  • Trash Expense: 960.0
  • Annual Water Sewer Expense: 360.0

Lot Info

  • Lot Size Sq Ft: 5720.0
  • Additional Parcels: No
  • Parcel #: 159-46-028
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 45096.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 34965.0
  • Annual Operating Expense: 4533.0

Tax Info

  • Tax Annual Amount: 2013.0
  • Tax Book Number: 159.00
  • Tax Lot: 2
  • Tax Map Number: 46.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2024
Sold by
North Mountain Shoppes Llc
Bought by
Girly Green Llc
Total Days on Market
65
Current Estimated Value
$964,279

Purchase Details

Closed on
Nov 6, 2021
Sold by
Jade Lion Llc
Bought by
North Mountain Shoppes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 5, 2016
Closed on
May 5, 2016
Sold by
Gpa Properties Llc
Bought by
Jade Lion Llc
Seller's Agent
Elizabeth King
Realty ONE Group
Buyer's Agent
Joan Krueger
Bliss Realty & Investments
List Price
$444,000
Sold Price
$405,000
Premium/Discount to List
-$39,000
-8.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%

Purchase Details

Closed on
Dec 18, 2007
Sold by
Gavriilidis Eugene and Gavriilidis Ekaterini
Bought by
Gpa Properties Llc

Purchase Details

Closed on
Mar 15, 2007
Sold by
Fratantoni Angelo and Fratantoni Josephine
Bought by
Gavriilidis Eugene and Gavriilidis Ekaterini
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 Type Sale Price Title Company
Special Warranty Deed $965,000 Premier Title
Special Warranty Deed $520,000 Thomas Title & Escrow
Cash Sale Deed $405,000 Grand Canyon Title Agency
Warranty Deed $350,000 None Available
Cash Sale Deed $300,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 Commercial
Previous Owner $200,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $650 -6.5% $0 / Sq Ft
06/13/2017 06/13/17 Price Changed $695 -7.3% $0 / Sq Ft
03/06/2017 03/06/17 For Sale $750 -99.8% $0 / Sq Ft
05/10/2016 05/10/16 Sold $405,000 -8.8% $101 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $444,000 -- $111 / 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 $5,343 $42,361 -- --
2024 $5,405 $41,605 -- --
2023 $5,405 $47,175 $8,500 $38,675
2022 $5,382 $44,170 $7,105 $37,065
2021 $5,607 $45,846 $7,308 $38,538
2020 $5,467 $47,484 $7,866 $39,618
2019 $5,368 $46,098 $7,092 $39,006
2018 $5,227 $46,242 $6,372 $39,870
2017 $5,201 $40,608 $6,120 $34,488
2016 $5,106 $37,512 $5,832 $31,680
2015 $4,860 $31,154 $6,327 $24,827
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5378648

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-46-028