$3,850,000

Estimated payment $21,498/month

Total Views 15,196
0.02 Acre
$192,500,000 Price per Acre
105,850 Sq Ft Lot

About This Lot

DISCOVER AN UNPARALLELED OPPORTUNITY IN THE HEART OF MIDTOWN PHOENIX'S MELROSE DISTRICT WITH THIS EXTRAORDINARY 2.43-ACRE PARCEL OF LAND, PRESENTING A PRIME MULTIFAMILY BUILDER OPPORTUNITY. BOASTING APPROVED PLANS FOR A 39-UNIT CONDOMINIUM/APARTMENT BUILDING, THIS PROPERTY IS POISED FOR IMMEDIATE DEVELOPMENT. SPECIAL FINANCING TERMS MAKE THIS VENTURE EVEN MORE ENTICING, AND WITH A REMARKABLE 83 WALK SCORE, FUTURE RESIDENTS WILL ENJOY CONVENIENT ACCESS TO A PLETHORA OF AMENITIES. DON'T MISS OUT ON THIS CHANCE TO SHAPE THE LANDSCAPE OF THE VIBRANT MELROSE DISTRICT. FOR INQUIRIES ABOUT SPECIAL SELLER FINANCING, CONTACT JOEL CHACKO FOR PRIVATE DETAILS. THIS IS A RARE AND PROMISING INVESTMENT OPPORTUNITY THAT AWAITS YOUR VISION AND CREATIVITY.

Listing Agent

Scott Grigg

Griggs's Group Powered by The Altman Brothers License #SA561582000

Co-Listing Agent

Joel Chacko

Griggs's Group Powered by The Altman Brothers License #BR678651000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $105

Lot Details

  • 105,850 Sq Ft Lot
  • Property is zoned COMMERCIAL

Schools

  • Encanto Elementary School
  • Osborn Middle School
  • Central High School

Community Details

  • No Home Owners Association
  • Park Fifth Avenue Condominiums Subdivision

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 155-33-181

Property Details

Property Type

Land

Est. Annual Taxes

$105

Lot Details

0

Listing Details

  • Cross Street: W GLENROSA AVE & N 5TH AVE
  • Legal Info Range: 3E
  • Property Type: Land
  • Zoning: COMMERCIAL
  • Tax Year: 2023
  • Directions: FROM CENTRAL AVE HEAD WEST ON GLENROSA AVE, RIGHT ONTO 5TH AVE. PROPERTY IS ON LEFT.
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: ggpb001
  • Co List Office Phone: 480-788-0929
  • Subdivision Name: PARK FIFTH AVENUE CONDOMINIUMS
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Disclosures: Other (See Rmks)

Utilities

  • Electric: None
  • Water Source: Check Availability

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Encanto School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 2.43 ACRES
  • Lot Size Sq Ft: 105850.0
  • Additional Parcels: No
  • Parcel #: 155-33-181
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 105.0
  • Tax Book Number: 155.00
  • Tax Lot: 39
  • Tax Map Number: 33.00

Map

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

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 $109 $868 $868 --
2024 $105 $827 $827 --
2023 $105 $1,200 $1,200 $0
2022 $105 $750 $750 $0
2021 $112 $750 $750 $0
2020 $117 $825 $825 $0
2019 $112 $2,175 $2,175 $0
2018 $108 $1,650 $1,650 $0
2017 $99 $1,350 $1,350 $0
2016 $96 $1,620 $1,620 $0
2015 $95 $640 $640 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 For Sale $3,850,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Cash Sale Deed $84,000 Driggs Title Agency Inc
Cash Sale Deed $4,780 Accommodation
Cash Sale Deed $750,000 Capital Title Agency Inc
Quit Claim Deed -- --
Cash Sale Deed $360,000 Capital Title Agency Inc
Warranty Deed $2,100,000 Title Guaranty Agency
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Unknown
Previous Owner $467,875 Unknown
Previous Owner $4,537,000 Unknown
Previous Owner $1,070,000 Unknown
Previous Owner $1,070,000 Unknown
Previous Owner $14,100 Credit Line Revolving
Previous Owner $69,360 Commercial
Closed $248,500 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6645322

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-33-181