NOT LISTED FOR SALE

981 S Main St Florence, AZ 85132

Estimated Value: $612,619

Studio
-- Bath
2,709 Sq Ft
$226/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2017

Last sale price $350,000 $129 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,877 / mo

109 Days on Market

Highlights

  • Central Air
  • Heat Pump System
  • 3-minute walk to Main Street Park
  • Concrete Flooring

About This Home

As of October 2017

Located in the historic part of town across the street from the Florence High School. The property was built in 2002, and is a 2708 SF building, on 0.32 AC of land. The building is leased and operates as a Jalapenos Restaurant with a seating
capacity of 100 people. Tenant now operates 3 Restaurants in Arizona. Tenant has been there for over 12 years. Lease: 4 more Years with 5 Year Option. The restaurant has a drive thru which is open 24 hours. Current NOI is $37,000 operating as a 9 Cap. The 2 additional lots to the north of the building are also for sale. Total 0.32 AC/ Sales Price $120,000. See brochure for complete info.

Last Agent to Sell the Property

Walter Unger, CCIM

West USA Realty License #BR511606000 Listed on: 10/03/2017

Co-Listed By

John Locke

Kasten Long Commercial Group License #SA652364000

Last Buyer's Agent

David Clark

America's All In One Real Estate Services, Inc. License #SA558230000

Property Details

Property Type

  • Other

Year Built

  • Built in 2002

Lot Details

  • 14,649 Sq Ft Lot
  • Property is zoned Commercial

Home Design

  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 2,709 Sq Ft Home
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Private Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Florence Heights Subdivision
  • Net Operating Income $37,000

Listing and Financial Details

  • Assessor Parcel Number 202-04-034

Property Details

Property Type

Other

Year Built

Built in 2002

Lot Details

0.34 Acres

Listing Details

  • Legal Info Range: 09E
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2002
  • Lot Size Acres: 0.34
  • Co List Office Mls Id: klcg01
  • Co List Office Phone: 602-445-4141
  • Subdivision Name: FLORENCE HEIGHTS
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 2709.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Tile, Built-Up
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Private
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features Private Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 14649.0
  • Parcel #: 202-04-034

Multi Family

  • Property Net Operating Income: 37000.0

Tax Info

  • Tax Book Number: 202.00
  • Tax Lot: -
  • Tax Map Number: 4.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
Sep 21, 2017
Sold by
Bought by
Seller's Agent
Walter Unger, CCIM
West USA Realty
Buyer's Agent
David Clark
America's All In One Real Estate Services, Inc.
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%
Current Estimated Value
$612,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,619
Avg. Annual Appreciation
6.71%
Original Mortgage
$200,000
Outstanding Balance
$166,654
Interest Rate
3.82%
Mortgage Type
Unknown
Estimated Equity
$445,965

Purchase Details

Closed on
Mar 31, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 17, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 1, 1995
Sold by
Bought by
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 Chicago Title Agency
-- Fidelity Natl Title Agency
-- Fidelity Natl Title Agency
-- None Available
-- Fidelity National Title Agen
-- Fidelity National Title Agen
-- Fidelity National Title Agen
-- Fidelity National Title Agen
$75,000 Fidelity National Title Agen
$50,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $200,000
Previous Owner $150,000
Previous Owner $159,000
Previous Owner $93,000
Previous Owner $45,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/18/2017 10/18/17 Sold $350,000 -17.6% $129 / Sq Ft
10/03/2017 10/03/17 For Sale $425,000 0.0% $157 / Sq Ft
10/03/2017 10/03/17 Price Changed $425,000 0.0% $157 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $425,000 -- $157 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,674 -- -- --
2024 $6,919 -- -- --
2023 $7,248 $54,366 $9,576 $44,790
2022 $6,919 $49,714 $5,947 $43,767
2021 $7,649 $51,588 $0 $0
2020 $7,539 $52,820 $0 $0
2019 $7,582 $51,994 $0 $0
2018 $7,289 $52,546 $0 $0
2017 $7,024 $52,409 $0 $0
2016 $6,882 $2,899 $2,899 $2,899
2014 $6,968 $21,000 $1,400 $19,600
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2017

    Walter Unger, CCIM

    West USA Realty

    Section Image

  • J

    Seller Co-Listing Agent in 2017

    John Locke

    Kasten Long Commercial Group

  • D

    Buyer's Agent in 2017

    David Clark

    America's All In One Real Estate Services, Inc.

    (480) 221-8044

    David Clark
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5615599

Arizona Regional Multiple Listing Service (ARMLS)

APN: 202-04-034

Arizona Pinal County Florence 85132

981 S Main St, Florence, AZ

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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