NOT LISTED FOR SALE
-- Bed
-- Bath
5,272 Sq Ft
9,100 Sq Ft Lot

Last Sold October 04, 2021

Last sale price $1,150,000 $218 Per Sq Ft

304 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of October 2021

A rare opportunity to own a professional office building near the highly desirable intersection of 7th Avenue and McDowell Road. This office building is equipped with several private offices, two conference rooms, break room and open gathering area.• Owner/User opportunity• Move-in Ready Professional Office• Surrounded by a large concentration of amenities• Covered parking

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 09/02/2020

Co-Listed By

Blake Mallery

Compass License #SA680838000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,613

Year Built

  • Built in 1964

Lot Details

  • 9,100 Sq Ft Lot
  • Property is zoned R-5

Home Design

  • 5,272 Sq Ft Home

Parking

  • 5 Open Parking Spaces
  • 13 Parking Spaces
  • 8 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Palmcroft Subdivision
  • Operating Expense $2,613

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 111-09-016

Property Details

Property Type

Other

Est. Annual Taxes

$2,613

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 7th Ave. and McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1964
  • Tax Year: 2019
  • Directions: NEC of 9th Ave and McDowell Rd
  • Lot Size Acres: 0.21
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: PALMCROFT
  • Structure Type: Other (See Remarks), Commercial, Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 5272.0

Exterior Features

  • Fencing: See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: Other
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 13.0

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 9100.0
  • Parcel #: 111-09-016

Multi Family

  • Annual Operating Expense: 2613.0

Tax Info

  • Tax Annual Amount: 2613.0
  • Tax Book Number: 111.00
  • Tax Lot: 16
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Oct 4, 2021
Sold by
Lra Investment Llc
Bought by
Adp Palm Property Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Outstanding Balance
$734,085
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2012
Sold by
Johnson Chris T and The Johnson Investment Trust
Bought by
Lra Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 1998
Sold by
Johnson Chris T and Johnson Patricia Diane
Bought by
Johnson Chris T and Johnson Patricia Diane
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Adp Palm Property Llc $1,150,000 Chicago Title Agency Inc
Lra Investment Llc $295,000 Chicago Title Agency Inc
Johnson Chris T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adp Palm Property Llc $805,000
Previous Owner Lra Investment Llc $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $1,150,000 -3.8% $218 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
08/21/2020 08/21/20 For Sale $1,195,000 -- $227 / 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 $7,267 $52,696 -- --
2024 $7,415 $51,755 -- --
2023 $7,415 $76,449 $28,713 $47,736
2022 $7,362 $68,583 $21,508 $47,075
2021 $7,515 $65,646 $22,122 $43,524
2020 $7,602 $63,198 $20,232 $42,966
2019 $7,589 $58,014 $15,660 $42,354
2018 $7,460 $54,072 $14,508 $39,564
2017 $7,286 $46,404 $15,102 $31,302
2016 $7,077 $38,214 $14,112 $24,102
2015 $8,011 $45,029 $14,208 $30,821
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6126016

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-09-017