555 North 5th Avenue, Phoenix, AZ 85003
Downtown Phoenix, Central City, Maricopa
Welcome to 555 North 5th Avenue, a building located in Downtown Phoenix, Central City, Maricopa in Phoenix, AZ.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 2021.
There are a total of 2 floors.
Finally, 555 North 5th Avenue was most recently sold on Jan 6, 2022 for $145,000,000.
The market value for the land that the building sits on has been listed at $17,638,400.
In addition, improvements upon the building have an added value of $70,553,900.
In total, the total market value of the property as a whole is $88,192,300.
According to local assessors, the total value of the building is currently valued at $8,819,230.
Specifically, the value of the land that the property sits on has been assessed at $1,763,840.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
Effective Year Built
2021
Building Condition
unknown
Construction Type
Concrete
Exterior Walls Type
unknown
Interior Walls Type
unknown
Building
Property Class
Residential
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Legal Description 1
FILLMORE MCR 1443-09
Ownership
Current Owner
RXR KORMAN MERCER OWNER LLC
Current Owner's Name
RXR-KORMAN MERCER OWNER LLC
Previous Owner
HIGH STREET FILLMORE LLC
Previous Owner's Name
RXR-KORMAN MERCER OWNER LLC
Owner Address - City
UNIONDALE
Owner Address - ZIP Code
11556
Owner Before Previous Owner
HIGH STREET FILLMORE LLC
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Phoenix Elementary District
Geography
Assessors Map Reference
MB 144309
Meridian
SEC 5 TWN 1N RNG 3E
Mailing Carrier Code
C014
Mailing Full Street Address
625 RXR PLZ
Mailing 4-Digit Zip Code
3815
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-04-01 15:03:47
More About The Building
In total, the building area is listed as 117,983 square feet.
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 555 North 5th Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the Downtown Phoenix area have a median price of $2,450.
Those in the 25th percentile, have a price around $1,932.
While those in the 75th percentile, have a price around $3,500.
Typically, the buildings in this area have a median sqft of 1,025.
That means that the median price per sqft is around $2.
In other words, the price per sqft for buildings in the 25th percentile is $2.
While the price per sqft for buildings in the 75th percentile is $3.
As a breakdown, we've included the following stats:
- There is currently one advertised studio listing.
- There are currently a total of 6 one bedroom listings.
The median price for these types of listings is $2,188.
That's $2.47 price per sqft.
- There are currently a total of 6 two bedroom listings.
The median price for these types of listings is $3,225.
That's $2.32 price per sqft.
- There are currently a total of 2 three bedroom listings.
The median price for these types of listings is $3,500.
That's $2.02 price per sqft.
- There are currently no four bedroom listings being advertised in the area.
About The Area
555 North 5th Avenue is located in 85004.
There are 5,209 people living here.
There are 2,250 households.
Most of these households have an average family size of 2.98 people.
According to the census, 73% are currently renting while 27% own their homes.
The median age of this population is around 33.3 years old.
On average, most folks in the zipcode are unmarried.
About 25% of folks speak a language other than English in this area.
The area's employment rate is currently around 54.6%.
Speaking of employment, the median income is $34,595.
Most folks will commute by car for around 20.0 minutes.
Finally, we know that 22% of residents in the area have graduated with their high school degree.
Additionally, 23% and 16% have their Bachelor's and Master's degree, respectfully.
Moving on to the county level.
Maricopa County, Arizona has a population of 4,088,549 people.
Based on census records, there are 1,465,840 registered households.
Families in this area are on average made up of 3.38 people per household.
Most folks are unmarried.
They are also typically around 35.8 years old.
Does diversity matter to you? Right now, 26% of folks speak a language other than English here.
About 40% rent while 60% purchased their homes.
Right now, the community is made up of 23% of residents who have graduated with at least a high school degree.
On top of that, 20% have a Bachelor's degree and 11% have a Master's degree.
The employment rate is currently around 58.9%.
Those employed, have a median income of $55,676.
If you move here, you can expect to commute mostly by car for around 25.6 minutes.
Finally, let's take a look at the stats related to Phoenix - Mesa, AZ Urban Area.
The urban area is home to 3,874,544 people.
A total of 1,402,549 households are registered here.
With average family sizes being listed at 3.38 people.
About 23% of residents have graduated with a high school degree.
Of the rest, 20% have their Bachelor's and 11% have their Master's degree.
Folks speaking a language other than English, make up about 26% of the population.
Speaking of your commute, 58.9% of people in this area are employed.
The recorded median income is currently at $54,724 per year.
The median population age has been listed at 35.9 years old.
Interestingly enough, unmarried people make up the majority of the population.
Last but not least, renters make up about 40% of the population while homeowners are at about 60% of the population.
PUBLIC TRANSIT
Fillmore St & 4th Av
(Under 500 ft - 3 min walk)
Valley Metro
Fillmore St & 6th Av
(Under 500 ft - 3 min walk)
Valley Metro
Fillmore St & 3rd Av
(570 ft - 3 min walk)
Valley Metro
7th Av & Fillmore St
(810 ft - 3 min walk)
Valley Metro
7th Av & McKinley St
(0.21 mi - 5 min walk)
Valley Metro
Nearby Schools
(within attendance boundary)
1210 N 5th Ave, Phoenix, AZ 85003
Public
•
Elementary
•
Grades PK to 8
Phoenix Elementary District
4525 N Central Ave, Phoenix, AZ 85012
Public
•
High School
•
Grades 9 to 12
Phoenix Union High School District
735 E Fillmore St, Phoenix, AZ 85006
Public
•
•
Grades M
Phoenix Elementary District
School zoning information and other data are provided by
RealtyHop Schools and 3rd party sources.
The contents of the database are not guaranteed to be accurate or timely.
Contact the schools or districts before making any decisions using on this data.