NOT LISTED FOR SALE
Studio
-- Bath
1,800 Sq Ft
0.51 Acres

Last Sold September 12, 2018

Last sale price $615,000 $342 Per Sq Ft

15 Days on Market

Highlights

  • 0.51 Acre Lot
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heat Pump System

About This Home

As of September 2018

This property is comprised of 3 parcels: 120-03-026A, 120-03-025A and 120-03-024 zoned C2, C2, and P1 for a total of approx. 22,168 sq.ft. of land with 1 building (Approx. 1,800 sf). Currently used as insurance and tax office with plenty of room to expand. Ready for new development or owner/user in this very high traffic and exposure property. Large corner lot ready to build. Very closed to major tenants like Home Depot, Walgreens and Walmart. 10 minute drive to Sky Harbor airport. New redevelopment in surrounding streets. Buyer to do own due diligent. Drive by only. Check inside of building by APPOINTMENT ONLY!!!Seller to use 1031 exchange. Property currently vacant and ready for new occupant.

Last Agent to Sell the Property

Daniel Leitman

Canyon West Realty, LLC License #BR113758000 Listed on: 07/27/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,953

Year Built

  • Built in 1966

Lot Details

  • 0.51 Acre Lot
  • Partially Fenced Property
  • Property is zoned C2-C2-P1

Home Design

  • 1,800 Sq Ft Home
  • Wood Frame Construction
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 39 Open Parking Spaces
  • 39 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Kuykendal Homes Subdivision
  • Operating Expense $5,953

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 120-03-026-A

Property Details

Property Type

Other

Est. Annual Taxes

$5,953

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: THOMAS RD AND 36TH STREET
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C2-C2-P1
  • Number Of Buildings: 1
  • Year Built: 1966
  • Tax Year: 2017
  • Lot Size Acres: 0.51
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: KUYKENDAL HOMES
  • Structure Type: Commercial, Office, Distribution/Warehse
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Concrete

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame - Wood, Stucco
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 39.0
  • Total Parking Spaces: 39.0
  • General Property Description:Uncvrd Parking Spcs: 39.0
  • General Property Description:Total Parking Spcs: 39.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 22200.0
  • Parcel #: 120-03-026-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 5953.0

Tax Info

  • Tax Annual Amount: 5953.0
  • Tax Book Number: 120.00
  • Tax Lot: 20
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
Oct 25, 2018
Sold by
Member Rei 3517 Llc
Bought by
Victoria Fresno Realty Llc
Seller's Agent
Daniel Leitman
Canyon West Realty, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$765,000
Sold Price
$615,000
Premium/Discount to List
-$150,000
-19.61%

Purchase Details

Closed on
Jun 28, 2010
Sold by
First Community Bank
Bought by
Star Insurance Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 21, 2004
Sold by
Ishikuraya Partnership
Bought by
Cosa 4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.27%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Victoria Fresno Realty Llc $825,000 Fidelity National Title Agen
Star Insurance Services Llc $410,000 Thomas Title & Escrow
Cosa 4 Llc $325,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Star Insurance Services Llc $60,000
Previous Owner Cosa 4 Llc $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2018 09/12/18 Sold $615,000 -12.0% $342 / Sq Ft
08/03/2018 08/03/18 Price Changed $699,000 -3.6% $388 / Sq Ft
07/31/2018 07/31/18 Price Changed $725,000 -5.2% $403 / Sq Ft
07/26/2018 07/26/18 For Sale $765,000 -- $425 / 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 $4,894 $36,236 -- --
2024 $4,948 $35,589 -- --
2023 $4,948 $45,203 $15,266 $29,937
2022 $4,893 $42,875 $14,350 $28,525
2021 $5,156 $43,902 $14,760 $29,142
2020 $5,030 $44,298 $14,724 $29,574
2019 $4,995 $33,642 $13,896 $19,746
2018 $1,351 $10,206 $10,206 $0
2017 $1,299 $10,206 $10,206 $0
2016 $1,249 $8,496 $8,496 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5798639

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-03-026A