NOT LISTED FOR SALE

Estimated Value: $1,601,249

Studio
-- Bath
6,001 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $1,650,000 $275 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,371/month

14 Days on Market

Highlights

  • 0.85 Acre Lot
  • Central Air
  • Concrete Flooring
  • Spectrum Elementary School Rated A

About This Home

As of January 2022

Investor or Owner/User opportunity. Well maintained building with long-term tenants. 4,896 square feet might be available for a user. Good exposure on S. Lindsay. New on & off ramps to the 202 under construction on Lindsay. Great location for office or retail uses. DO NOT DISTRUB TENANTS

Last Agent to Sell the Property

Dale Dockins

North Bay Commercial Real Esta License #BR555128000 Listed on: 11/08/2021

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,882

Year Built

  • Built in 2005

Lot Details

  • 0.85 Acre Lot
  • Block Wall Fence
  • Property is zoned CC

Home Design

  • 6,001 Sq Ft Home
  • Wood Frame Construction

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 29 Open Parking Spaces
  • 29 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 304-44-891

Community Details

Overview

  • Shops At Spectrum Village Subdivision

Building Details

  • Gross Income $137,700
  • Net Operating Income $95,861

Property Details

Property Type

Other

Est. Annual Taxes

$13,882

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: Pecos
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Number Of Buildings: 1
  • Year Built: 2005
  • Tax Year: 2021
  • Lot Size Acres: 0.85
  • Subdivision Name: SHOPS AT SPECTRUM VILLAGE
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl, Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 29.0
  • Total Parking Spaces: 29.0
  • General Property Description:Uncvrd Parking Spcs: 29.0
  • General Property Description:Total Parking Spcs: 29.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Water Source: City Franchise
  • Heating:Office Heated: Yes

Lot Info

  • Lot Size Sq Ft: 37176.0
  • Parcel #: 304-44-891
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 137699.89
  • Property Net Operating Income: 95860.8
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 13882.0
  • Tax Book Number: 304.00
  • Tax Lot: 1
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Dec 20, 2021
Sold by
Theodore E Reynolds Trust
Bought by
Dragons3 Ventures Llc
Seller's Agent
Dale Dockins
North Bay Commercial Real Esta
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$1,601,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,751
Avg. Annual Appreciation
-0.73%
Original Mortgage
$1,042,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2008
Sold by
Requarth James M and Requarth Margo
Bought by
High Energy Maui Inc

Purchase Details

Closed on
Jun 19, 2007
Sold by
Cotton Carol B
Bought by
Cotton James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2007
Sold by
Nec Pecos & Lindsay Llc
Bought by
Gloeckner Robert E and Gloeckner Alice J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.16%
Mortgage Type
Commercial
Source: Public Records
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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
Dragons3 Ventures Llc $1,650,000 Lawyers Title
High Energy Maui Inc -- Fidelity National Title
Reynolds Theodore E -- Fidelity National Title
Cotton James -- Fidelity National Title
Gloeckner Robert E $2,120,085 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dragons3 Ventures Llc $1,042,500
Previous Owner Gloeckner Robert E $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2022 01/04/22 Sold $1,650,000 0.0% $275 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $1,650,000 -- $275 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $12,672 $139,563 -- --
2024 $13,034 $137,071 -- --
2023 $13,034 $239,462 $83,691 $155,771
2022 $13,049 $193,096 $48,388 $144,708
2021 $13,882 $196,254 $49,770 $146,484
2020 $13,677 $193,104 $46,512 $146,592
2019 $12,706 $182,160 $41,778 $140,382
2018 $12,356 $166,986 $31,806 $135,180
2017 $11,951 $150,930 $29,466 $121,464
2016 $12,253 $114,480 $31,014 $83,466
2015 $11,484 $110,168 $28,694 $81,474
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6318484

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-891