PENDING
$210K PRICE DROP
111 E Southern Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $12,203/month
Total Views
6,641
2.82
Acres
$705,674
Price per Acre
122,839
Sq Ft Lot
Highlights
- 2.82 Acre Lot
- No HOA
- Level Lot
- Phoenix Coding Academy Rated A
About This Lot
GREAT OPPORUNITY AWAITS!! This nearly 3-acre lot is ready for development! Only 10 minutes from downtown Phx and just steps away from the Light Rail!! Currently zoned as R-5. It's ready for your ideas to take shape. Development could include apartments, asst living facilities, dependent care homes, hospice centers or group homes. In a planned residential development, approximately 120 units could be created. Mini-apartments could potentially include more units. Phoenix has an on-going effort to develop the South-Central Transit Overlay District (TOD).More information about the TOD and additional uses are in the documents tab. It also has three incentive zones on it - DDA & QCT for qualifying for HUD grants, and an Opportunity zone. (See photos) The property could potentially be rezoned to C-2, which would allow for Dispensaries, Self or RV/Boat Storage, etc. There is water and sewer to the property. The site will be cleared in approximately 2 months. No access to the property from the south end. Please see the documents tabs for more information..
Listing Agent
My Home Group Real Estate Brokerage Email: roxygirlsonfireaz@gmail.com License #SA669207000
Co-Listing Agent
My Home Group Real Estate Brokerage Email: roxygirlsonfireaz@gmail.com License #SA520713000
Property Details
Property Type
- Land
Est. Annual Taxes
- $13,403
Year Built
- 1961
Lot Details
- 2.82 Acre Lot
- Level Lot
- Property is zoned R5
Schools
- Roosevelt Elementary School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 114-02-049
Map
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
Average Home Value in this Area
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 | $13,496 | $90,457 | -- | -- |
| 2024 | $13,403 | $87,503 | -- | -- |
| 2023 | $13,403 | $165,644 | $100,704 | $64,940 |
| 2022 | $13,498 | $122,539 | $63,109 | $59,430 |
| 2021 | $14,022 | $122,996 | $63,614 | $59,382 |
| 2020 | $13,849 | $118,123 | $59,047 | $59,076 |
| 2019 | $13,641 | $86,924 | $30,728 | $56,196 |
| 2018 | $13,351 | $82,100 | $28,460 | $53,640 |
| 2017 | $12,577 | $71,690 | $29,642 | $42,048 |
| 2016 | $11,962 | $67,142 | $27,704 | $39,438 |
| 2015 | $11,646 | $63,135 | $29,243 | $33,892 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | Pending | -- | -- | -- |
| 11/21/2024 11/21/24 | Price Changed | $1,990,000 | -9.5% | -- |
| 07/17/2024 07/17/24 | For Sale | $2,200,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | $550,000 | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $138,900 | Chicago Title Insurance Co | |
| Deed In Lieu Of Foreclosure | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $91,800 | New Conventional | |
| Open | $450,000 | Future Advance Clause Open End Mortgage | |
| Closed | $350,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $350,000 | Commercial | |
| Previous Owner | $109,900 | Seller Take Back |
Source: Public Records
Similar Properties in Phoenix, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6732075
APN: 114-02-049
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.
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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