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120 West Dobbins Road

120 West Dobbins Road, Phoenix, AZ 85041
Property in Mountain Park
Sold Jun 10, 2021
$5,995,000
$5,000,000 by The Foothills Bank
Mortgage
Sold Jan 05, 2021
$4,650,000
$3,092,000 by Cbre Capiral Markets Inc
Mortgage Due Feb 01, 2041
120 West Dobbins Road in Phoenix, AZ was first built in 1985 and is 39 years old. This has been categorized as a residential property type. There are a total of 2 floors. 120 West Dobbins Road has 36,420 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 72,236 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of aluminum. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heating system. 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, 120 West Dobbins Road was last sold in May 28, 2021 for $5,995,000. According to our calculations, that's $164.61 per sqft. Prior to that sales transaction, the property was sold for $4,650,000 in Jan 4, 2021. Current property owners are expected to pay $16,619 in taxes per year. The property on 120 West Dobbins Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $534,450. To break that down further, the land itself was valued at $106,890. While improvements to the property were assessed at a total of $427,560. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 3
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Aluminium
  • Floor Count: 2
  • Living Units: 45
  • Business/Commerical Units Count: 46
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 72,236
  • Total Building Area: 36,420
  • Gross Building Area: 36,420
  • Building Area: 36,420
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 36,420
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MOUNTAIN PARK
  • Land Acres: 1.658
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: MOUNTAIN PARK MCR 16/22

Ownership

  • Current Owner : 120 W DOBBINS RD LLC
  • Previous Owner : 2420 W GLENROSA LLC
  • Owner Before Previous Owner: 3J GROUP LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 116735

Zoning

  • Zoning: M-H

Geography

  • Assessors Map Reference: 1622
  • Parcel: 300-44-001
  • Block: 1
  • Lot: 1
  • Meridian: SEC 5 TWN 1S RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.3638
  • Longitude: -112.075

    Address

  • Full Address: 120 W Dobbins Rd
  • Address - House Number: 120
  • Street Direction: W
  • Address - Street Name: Dobbins
  • Address - Suffix Type: Rd
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C009
  • 4-Digit Zip Code: 8536
  • Zip Code: 85041

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,619
  • Tax Rate Code Area: 661300

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,000,000
  • First Open Lien Mortgage Lender: THE FOOTHILLS BANK
  • First Open Lien Mortgage Recording Date: Jun 10, 2021
  • First Open Lien Mortgage Loan Amount: $5,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $5,344,500
  • Market Land Value: $1,068,900
  • Market Improvement Value: $4,275,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $534,450
  • Assessed Land Value: $106,890
  • Assessed Improvements Value: $427,560

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: Jun 10, 2021
  • Current Sale Transaction ID: 11838791823
  • Current Sale Price: $5,995,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20210642135
  • Previous Sale Recording Date: Jan 05, 2021
  • Previous Sale Contract Date: Jan 04, 2021
  • Previous Sale Amount: $4,650,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FOOTHILLS BANK
  • First Mortgage Transaction Date: Jun 10, 2021
  • First Mortgage Loan Amount: $5,000,000
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: CBRE CAPIRAL MARKETS INC
  • Previous Mortgage Transaction Date: Jan 05, 2021
  • Previous Mortgage Loan Amount: $3,092,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Feb 01, 2041

About South Mountain



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Frequently Asked Questions

What neighborhood is 120 West Dobbins Road located in?
The 120 West Dobbins Road is a located in the neighborhood of Mountain Park in South Mountain, Phoenix.
What is the average sales price for listings in 120 West Dobbins Road?
The average sales price for units in 120 West Dobbins Road is $0 currently.

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