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    1241 53rd Ave, Unit 2 Phoenix, AZ 85043-1744
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    Property profile & analytics

    1241 53rd Ave, Unit 2, Phoenix, AZ 85043-1744

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    • Motels
    • 15,270 SF
    • 1.34 lot acres
    Off-Market
    Last Sale Jul 5, 2022
    $16,000,000
    Property ID
    US07-3275700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Zyng Technologies Financial Services & Bitcoin ATM / Bank / Credit Union
    • Envi Phoenix Suites / Apartment Complex
    • Phoenix Skilled Plumbing Pros and Drainage Cleaners / Plumbing Service / General Contractor

    Property Details for 1241 53rd Ave

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    1.34 lot acres
    Zone code
    I-1
    Property type
    Motels
    APN
    103-27-029B
    APU
    10327029B

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 5, 2022 $16,000,000 53rd Tnc LLC Fifty Third Phoenix Holdings LLC Special Warranty Deed $15M · Western Alliance Bank
    Aug 29, 2018 — Fifty Third Phoenix Hldgs LLC — Grant Deed · related $4.6M · Morgan Stanley Pvt Bk NA
    Jan 26, 2018 — Ld Acquisition Co 15 LLC — Grant Deed · related $70M · Texas Cap Bk
    Jul 7, 2017 $3,431,000 Fifty Third Phoenix Holding 1241 N 53rd Avenue LLC Grant Deed $4.2M · Artemis Realty Capital Advisors LLC Artemis Realty Capital Advisors LLC
    Jul 7, 2017 — 1241 N 53rd Avenue LLC Department Of Transportation Grant Deed · related —
    Aug 17, 2015 — Himanshu Sarvaiya Jmd Hospitality LLC Warranty Deed · related —
    Oct 31, 2013 $2,600,000 Jmd Hospitality LLC Very Fine Motels INC Grant Deed $1.8M · Unison Bank
    Mar 30, 2012 $1,500,000 Very Fine Motels INC Golden Phoenix Hotel LLC Grant Deed $1.1M · Golden Phoenix Hotel LLC
    Aug 26, 2011 $1,200,000 Golden Phoenix Hotel LLC State Bar Of Arizona Trustees Deed —
    Nov 15, 2005 $4,000,000 Subhash R Patel Chhatrala Phoenix Invs INC Warranty Deed $2.4M · California Bank & Trust
    Aug 24, 1994 $3,611,259 F I Partners L P M Hmh Properties I Grant Deed $71.5M · Seller
    Dec 15, 1989 — Greer Properties Ncnb Texas Nat B Grant Deed · related —
    Sep 12, 1988 $744,534 Ncnb Texas Natio — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

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    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.172
    Latitude
    33.4618
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $90,151
    $0.00
    $0.00
    $609,395
    -
    $447,200
    $3,246,100
    $3,693,300
    More about this property
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