NOT LISTED FOR SALE

1010 E University Dr Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $476,281

-- Bed
-- Bath
2,592 Sq Ft
$184/Sq Ft Est. Value

Last Sold June 06, 2019

Last sale price $300,000 $116 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,993/month

101 Days on Market

Highlights

  • Central Air
  • Partially Fenced Property
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2019

Excellent opportunity for doctors office in the city of Mesa. This property features 8 exam rooms, lab, 2 offices for Doc's, managing office for nurse's, break room, 3 bathrooms plus 5 covered parking spaces. Great opportunity to build a practice in this part of town. Price reduction as owner is moving back to Europe.

Last Agent to Sell the Property

Michael Ashley

FDR Real Estate License #BR045211000 Listed on: 01/02/2019

Last Buyer's Agent

Jamin Denham

DenMar Realty License #BR521816000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,849

Year Built

  • Built in 1977

Lot Details

  • 0.31 Acre Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned OC

Home Design

  • 2,592 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 25 Open Parking Spaces
  • 30 Parking Spaces
  • 5 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 137-05-023-C

Community Details

Overview

  • Freestone Place Subdivision

Building Details

  • Operating Expense $3,849
  • Net Operating Income $33,696

Property Details

Property Type

Other

Est. Annual Taxes

$3,849

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: Stapley Drive and University Dr
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: OC
  • Current Use: Medical/Dental
  • Number Of Buildings: 1
  • Year Built: 1977
  • Tax Year: 2018
  • Lot Size Acres: 0.31
  • Road Surface Type: Asphalt
  • Subdivision Name: Freestone Place
  • Structure Type: Office
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Frame - Wood, Stucco
  • Roof: Composition
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 13487.0
  • Additional Parcels: No
  • Parcel #: 137-05-023-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 33696.0
  • Annual Operating Expense: 3849.0

Tax Info

  • Tax Annual Amount: 3849.0
  • Tax Book Number: 137.00
  • Tax Lot: 21
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
May 22, 2019
Sold by
Wirsing Klaus and The Klaus Wirsing Trust
Bought by
1010 E University Llc
Seller's Agent
Michael Ashley
FDR Real Estate
Buyer's Agent
Jamin Denham
DenMar Realty
List Price
$390,000
Sold Price
$300,000
Premium/Discount to List
-$90,000
-23.08%
Total Days on Market
101
Current Estimated Value
$476,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,281
Avg. Annual Appreciation
8.23%
Original Mortgage
$270,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2013
Sold by
H & S Investments I Llc
Bought by
Wirsing Klaus

Purchase Details

Closed on
Jul 23, 1999
Sold by
Haycock Paul W and Smith Morley J
Bought by
H & S Investments I Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1010 E University Llc $300,000 Clear Title Agency Of Az
Wirsing Klaus $400,000 Chicago Title Agency Inc
H & S Investments I Llc -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1010 E University Llc $410,000
Closed 1010 E University Llc $275,000
Closed 1010 E University Llc $270,000
Previous Owner University Dental Inc $302,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2019 06/06/19 Sold $300,000 -4.8% $116 / Sq Ft
04/13/2019 04/13/19 Pending -- -- --
04/03/2019 04/03/19 Price Changed $315,000 -10.0% $122 / Sq Ft
03/04/2019 03/04/19 Price Changed $350,000 -6.7% $135 / Sq Ft
01/31/2019 01/31/19 Price Changed $375,000 -3.8% $145 / Sq Ft
01/02/2019 01/02/19 For Sale $390,000 -- $150 / Sq Ft
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 $3,989 $39,406 -- --
2024 $4,143 $38,703 -- --
2023 $4,143 $66,572 $27,812 $38,760
2022 $4,177 $60,533 $23,485 $37,048
2021 $4,349 $63,018 $24,156 $38,862
2020 $4,292 $52,650 $16,632 $36,018
2019 $4,010 $48,420 $16,776 $31,644
2018 $3,849 $37,440 $14,256 $23,184
2017 $3,734 $35,478 $13,194 $22,284
2016 $3,665 $30,474 $11,790 $18,684
2015 $3,540 $27,972 $10,471 $17,501
Source: Public Records

Agents Affiliated with this Home

  • Michael Ashley

    Seller's Agent in 2019

    Michael Ashley

    FDR Real Estate

    (602) 686-1697

    15 Total Sales

    Michael Ashley
    Section Image

  • J

    Buyer's Agent in 2019

    Jamin Denham

    DenMar Realty

    3 in this area

    163 Total Sales

    Jamin Denham
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5862080

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-05-023C

Arizona Maricopa County Mesa 85203 Mesa Patios

1010 E University Dr, Mesa, AZ

This home is located at 1010 E University Dr, Mesa, AZ 85203 since 02 January 2019 and is currently estimated at $476,281, approximately $183 per square foot. This property was built in 1977. 1010 E University Dr is a home located in Maricopa County with nearby schools including Edison Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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