NOT LISTED FOR SALE

New River, AZ 85087

Estimated Value: $1,068,274

-- Bed
-- Bath
3,727 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 05, 2018

Last sale price $600,000 $161 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,042/month

1,324 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Partially Fenced Property
  • New River Elementary School Rated A-

About This Home

As of March 2018

Turnkey REMODELED cowboy restaurant & saloon with I-17 FREEWAY FRONTAGE with est. 48K DAILY TRAFFIC COUNT (ADOT)! Grandfathered BILLBOARD SIZE MONUMENT SIGN with great visibility for highway advertising. Excellent set up with 2 bars as well as 3 dining areas: indoor; covered patio and large fenced in outdoor area. FULL KITCHEN & BAR SET UP AND READY FOR BUSINESS. Known as one of the Arizona's historic landmarks but fully updated including online camera security system. GREAT OPPORTUNITY WITH NEW COMMERCIAL & RESIDENTIAL DEVELOPMENTS IN THE AREA. Small portion of the building is leased out (±592sf) so the property brings instant rental revenue stream to new owner!

Last Agent to Sell the Property

Tarja Panfil

West USA Realty License #BR652452000 Listed on: 05/30/2014

West USA Realty

Last Buyer's Agent

Tarja Panfil

West USA Realty License #BR652452000 Listed on: 05/30/2014

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,822

Year Built

  • Built in 1940

Lot Details

  • 0.9 Acre Lot
  • Partially Fenced Property
  • Wood Fence
  • Property is zoned C-3

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 3,727 Sq Ft Home
  • Concrete Flooring

Parking

  • 80 Open Parking Spaces
  • 80 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank

Community Details

  • Operating Expense $3,822

Listing and Financial Details

  • Assessor Parcel Number 202-13-062-A

Property Details

Property Type

Other

Est. Annual Taxes

$3,822

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: S/SEC I-17 & New River Road
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Number Of Buildings: 1
  • Year Built: 1940
  • Tax Year: 2016
  • Directions: Hwy I-17 to New River Road exit. Go east and turn right going south on the frontage road. Drive 0.02 miles and the property will be on your right.
  • Lot Size Acres: 0.9
  • Road Surface Type: Asphalt
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Partial, Wood
  • Construction Type: Frame - Wood, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 80.0
  • Total Parking Spaces: 80.0
  • General Property Description:Uncvrd Parking Spcs: 80.0
  • General Property Description:Total Parking Spcs: 80.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Other (See Remarks), APS
  • Cooling: Heat Pump, Office Evap, Central A/C
  • Heating: Heat Pump
  • Water Source: Domestic Well
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 39415.0
  • Parcel #: 202-13-062-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3822.32

Tax Info

  • Tax Annual Amount: 3822.32
  • Tax Book Number: 202.00
  • Tax Lot: N/A
  • Tax Map Number: 13.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2018
Sold by
Custer Taylor L and Custer James R
Bought by
Custer James R
Current Estimated Value
$1,068,274

Purchase Details

Listed on
May 30, 2014
Closed on
Mar 5, 2018
Sold by
Southwest Properties Inc
Bought by
Roberts Courtney B
Seller's Agent
Tarja Panfil
West USA Realty
Buyer's Agent
Tarja Panfil
West USA Realty
List Price
$850,000
Sold Price
$600,000
Premium/Discount to List
-$250,000
-29.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$259,200
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2013
Sold by
Shindig Llc
Bought by
Southwest Properties Inc

Purchase Details

Closed on
Nov 20, 2010
Sold by
Panfil John J
Bought by
Shindig Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2010
Sold by
Ponath Conwell O and Ponath Cheryl J
Bought by
Panfil John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2010
Sold by
Northern Ranch Land Trust
Bought by
Ponath Conwell O and Ponath Cheryl J

Purchase Details

Closed on
Mar 27, 2006
Sold by
Jefferson D Lawrence and Northern Ranch Land Trust
Bought by
2 Bar M Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,097
Interest Rate
6.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 20, 2005
Sold by
Ponath Conwell O and Ponath Cheryl J
Bought by
Northern Ranch Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.84%
Mortgage Type
Seller Take Back
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
Custer James R -- Pioneer Title Agency Inc
Custer James R $640,000 Pioneer Title Agency Inc
Roberts Courtney B $600,000 First American Title Insuran
Southwest Properties Inc $300,000 First American Title Ins Co
Shindig Llc -- Accommodation
Panfil John J $178,200 Chicago Title
Ponath Conwell O $455,730 None Available
2 Bar M Llc $675,000 Arizona Title Agency Inc
Northern Ranch Land Trust $500,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roberts Courtney B $259,200
Previous Owner Panfil John J $180,000
Previous Owner 2 Bar M Llc $603,097
Previous Owner Northern Ranch Land Trust $400,000
Closed Northern Ranch Land Trust $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2018 03/05/18 Sold $600,000 -22.6% $161 / Sq Ft
02/13/2018 02/13/18 Price Changed $775,000 -8.8% $208 / Sq Ft
12/29/2017 12/29/17 Pending -- -- --
05/15/2014 05/15/14 For Sale $850,000 -- $228 / 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 $4,539 $37,409 -- --
2024 $4,452 $36,741 -- --
2023 $4,452 $42,687 $22,151 $20,536
2022 $4,421 $35,788 $17,203 $18,585
2021 $4,628 $36,162 $17,694 $18,468
2020 $4,534 $36,864 $18,576 $18,288
2019 $4,395 $34,542 $17,046 $17,496
2018 $4,250 $32,688 $15,876 $16,812
2017 $4,170 $33,858 $15,264 $18,594
2016 $3,822 $32,022 $15,264 $16,758
2015 $3,631 $26,752 $12,562 $14,190
Source: Public Records

Agents Affiliated with this Home

  • Tarja Panfil

    Seller's Agent in 2018

    Tarja Panfil

    West USA Realty

    (623) 521-4747

    10 Total Sales

    Tarja Panfil
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5123159

Arizona Regional Multiple Listing Service (ARMLS)

APN: 202-13-062A

Arizona Maricopa County New River

85087

This home since 30 May 2014 and is currently estimated at $1,068,274, approximately $286 per square foot. This property was built in 1940. This home is a home located in Maricopa County with nearby schools including New River Elementary School, Gavilan Peak Elementary School, and Boulder Creek High School.

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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