NOT LISTED FOR SALE

9299 W Olive Ave Unit 609 Peoria, AZ 85345

Estimated Value: $464,839

-- Bed
-- Bath
3,105 Sq Ft
2,614 Sq Ft Lot

Last Sold June 15, 2018

Last sale price $270,000 $87 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,775/month

177 Days on Market

About This Home

As of June 2018

DIRECT & UNBLOCKED, EXCELLENT EXPOSURE, EASY ACCESS TO LOOP 101, UNIT 609 IS OCCUPIED BY MULTI-YEAR CONTRACT TENANT. PRIVATE FRONT ENTRY, 22' CEILING CLEARANCE, BAY DOOR IN THE BACK (14'X 12'), CLOSE PROXIMITY TO WESTGATE, CARDINALS STADIUM, COYOTES ARENA, CABELA'S, CONVENIENT TO ENTIRE WEST VALLEY. PROPERTY IS WELL MAINTAINED. MEZZANINE ADDS ABOUT 677 SQFT TO BASE SPACE OF 2428 SQFT, SO TOTAL RENT-ABLE SPACE IS ABOUT 3105 SQFT. UNITS 608 AND 609 ARE FOR SALE TOGETHER or 608 BY ITSELF BUT NOT 609. OWNERS ARE VERY MOTIVATED TO SELL. ALL REASONABLE OFFERS WILL BE CONSIDERED. PLEASE SEE MLS# 5680862 FOR UNIT 608

Last Agent to Sell the Property

Ben Tosuner

West USA Realty License #BR669125000 Listed on: 10/30/2017

West USA Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,064

Year Built

  • Built in 2006

Lot Details

  • 2,614

Home Design

  • Tilt Up Walls
  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 3,105 Sq Ft Home
  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Public Parking
  • Free Parking
  • Paved Parking

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 142-55-605

Community Details

Overview

  • Olive Avenue Business Park Condominium Subdivision

Building Details

  • Operating Expense $7,085
  • Gross Income $32,245
  • Net Operating Income $25,160

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,064

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: LOOP 101 & OLIVE
  • Legal Info Range: 1E
  • Property Type: Comm/Industry Sale
  • Zoning: INDUSTRIAL PARK
  • Number Of Buildings: 1
  • Ownership: Condominium
  • Year Built: 2006
  • Tax Year: 2016
  • Directions: FROM LOOP 101 WEST ON OLIVE, 1ST LEFT TURN (TURN SOUTH) TO OLIVE AVENUE BUSINESS PARK, UNIT 608 IS LOCATED NEAR LOOP 101
  • Lot Size Acres: 0.06
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: OLIVE AVENUE BUSINESS PARK CONDOMINIUM
  • Structure Type: Commercial, Industrial, Office, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Concrete
  • Living Area: 3105.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Tilt-Up, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Tilt-Up: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: None
  • Heating: Electric
  • Water Source: None
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 2428.0
  • Parcel #: 142-55-605
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 32245.18
  • Property Net Operating Income: 25160.48
  • Annual Operating Expense: 7084.7

Tax Info

  • Tax Annual Amount: 3064.0
  • Tax Book Number: 142.00
  • Tax Lot: 74
  • Tax Map Number: 55.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2017
Closed on
Jun 7, 2018
Sold by
Safe Space Solutions Corp
Bought by
Redwood Investments Llc
Seller's Agent
Ben Tosuner
West USA Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$299,000
Sold Price
$270,000
Premium/Discount to List
-$29,000
-9.7%
Current Estimated Value
$464,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,839
Avg. Annual Appreciation
7.80%
Original Mortgage
$216,000
Outstanding Balance
$188,365
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$274,871
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
Redwood Investments Llc $270,000 American Title Service Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redwood Investments Llc $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $270,000 -9.7% $87 / Sq Ft
10/29/2017 10/29/17 For Sale $299,000 -- $96 / 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 $2,906 $31,005 -- --
2024 $3,020 $30,451 -- --
2023 $3,020 $54,417 $10,880 $43,537
2022 $3,048 $46,866 $9,363 $37,503
2021 $3,283 $46,116 $9,216 $36,900
2020 $3,304 $45,054 $9,000 $36,054
2019 $3,204 $41,544 $8,298 $33,246
2018 $3,108 $35,460 $7,092 $28,368
2017 $3,100 $32,580 $6,516 $26,064
2016 $3,064 $26,910 $5,382 $21,528
2015 $2,930 $22,959 $4,588 $18,371
Source: Public Records

Agents Affiliated with this Home

  • Ben Tosuner

    Seller's Agent in 2018

    Ben Tosuner

    West USA Realty

    (623) 680-1192

    12 Total Sales

    Ben Tosuner
    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5680864

Arizona Regional Multiple Listing Service (ARMLS)

APN: 142-55-605

Arizona Maricopa County Peoria 85345

9299 W Olive Ave Unit 609, Peoria, AZ

This home is located at 9299 W Olive Ave Unit 609, Peoria, AZ 85345 since 30 October 2017 and is currently estimated at $464,839, approximately $149 per square foot. This property was built in 2006. 9299 W Olive Ave Unit 609 is a home located in Maricopa County with nearby schools including Sun Valley Elementary School, Raymond S. Kellis, and Ombudsman - Northwest Charter.

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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