1150 West Grove Parkway

1150 West Grove Parkway has been categorized by the local assessors in Tempe, AZ as a office type of property. The building on the property was first built in 1997 and is 27 years old. However, we must point out that the home was most recently renovated and altered in 2005. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1150 West Grove Parkway has 103,560 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 430,286 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with tilt-up (pre-cast concrete) control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The exterior walls of the building are made of tilt-up (pre-cast concrete). The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a water system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1150 West Grove Parkway was last sold in Jun 1, 2023 for $16,300,000. According to our calculations, that's $157.40 per sqft. Prior to that sales transaction, the property was sold for $844,064 in Nov 29, 2007. Current property owners are expected to pay $202,044 in taxes per year. The property on 1150 West Grove Parkway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,806,105. To break that down further, the land itself was valued at $744,923. While improvements to the property were assessed at a total of $2,061,182. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.