NOT LISTED FOR SALE

Estimated Value: $312,000 - $1,246,275

2.5 Acres
$263,370 Price per Acre
108,900 Sq Ft Lot

Last Sold March 10, 2020

Last sale price $820,000

Est. 17% decrease in value since last sale

Current estimated payment $3,727/month

98 Days on Market

About This Lot

As of March 2020

2.5 Acre Multi-Family Development Infill Opportunity within the Mesa Arizona Opportunity Zone. On hard corner. Property currently has 6 houses and is paved to serve as over flow parking for adjacent church. Close to Shopping, Dining and Entertainment with US 60 & 202 nearby for quick commute anywhere in the Valley. Wonderful School District. Adjacent to the desirable Frasers Subdivision. Fraser Fields is one of Mesa's historic neighborhoods with Ranch-style homes on large lots and close to Down Town Mesa.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 06/12/2019

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,162

Lot Details

  • 2.5 Acre Lot
  • 10 Lots in the community
  • Additional Parcels
  • Property is zoned RM-4

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 138-20-021-A

Property Details

Property Type

Land

Est. Annual Taxes

$5,162

Lot Details

0

Listing Details

  • Cross Street: University and Stapley
  • Legal Info Range: 5E
  • Property Type: Land
  • Zoning: RM-4
  • Tax Year: 2018
  • Lot Size Acres: 2.5
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: Assemblage
  • Lot Size Sq Ft: 107842.0
  • Number Of Lots: 10
  • Additional Parcels: Yes
  • Parcel #: 138-20-021-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5162.0
  • Tax Book Number: 138.00
  • Tax Lot: -
  • Tax Map Number: 20.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2020 03/10/20 Sold $820,000 -18.0% --
02/29/2020 02/29/20 Price Changed $1,000,000 0.0% --
09/11/2019 09/11/19 Pending -- -- --
06/20/2019 06/20/19 Price Changed $1,000,000 +26.0% --
06/05/2019 06/05/19 For Sale $793,764 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $2,030 $20,575 -- --
2024 $2,197 $20,208 -- --
2023 $2,197 $30,769 $16,336 $14,433
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5938461

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-20-014H