NOT LISTED FOR SALE

1045 E University Dr Mesa, AZ 85203

Fraser Fields Neighborhood

Estimated Value: $1,306,507

-- Bed
-- Bath
6,000 Sq Ft
$218/Sq Ft Est. Value

Last Sold April 24, 2017

Last sale price $315,000 $52 Per Sq Ft

Est. 315% increase in value since last sale

Current estimated payment $7,877/month

333 Days on Market

About This Home

As of April 2017

• 6,000 SF Building Contains Four Office Suites at 1,500 SF Each
• Well Maintained with Updated Roof and HVAC
• Currently Month to Month Leases; Tenants May Be Willing to Stay
• Excellent Building and Monument Signage
• Parking Ratio is 4:1000
• Within 3 Miles of the US-60 Superstition Freeway

Last Listed By

TJ Zaharis

COBE Real Estate, Inc. License #BR577140000 Listed on: 04/08/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 1984

Lot Details

  • 0.52 Acre Lot
  • Property is zoned RM-4

Home Design

  • 6,000 Sq Ft Home
  • Brick Exterior Construction
  • Wood Frame Construction

Parking

  • 29 Open Parking Spaces
  • 29 Parking Spaces

Community Details

  • Operating Expense $8,725

Listing and Financial Details

  • Tax Lot 138-20-025A
  • Assessor Parcel Number 138-20-025-A

Property Details

Property Type

Other

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: E University Ave & N Stapley Drive
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: RM-4
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2015
  • Directions: Located West of N Stapley Drive on E University Ave.
  • Lot Size Acres: 0.52
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood, Brick
  • Roof: See Remarks, Other
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 29.0
  • Total Parking Spaces: 29.0
  • General Property Description:Uncvrd Parking Spcs: 29.0
  • General Property Description:Total Parking Spcs: 29.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 22521.0
  • Additional Parcels: No
  • Parcel #: 138-20-025-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 8724.86

Tax Info

  • Tax Annual Amount: 8724.86
  • Tax Book Number: 138.00
  • Tax Lot: 138-20-025A
  • Tax Map Number: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2025
Sold by
American Development Partners and Redstone Llc
Bought by
1045 E University Dr Llc
Total Days on Market
333
Current Estimated Value
$1,306,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,562,500
Outstanding Balance
$3,562,500
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$2,255,993

Purchase Details

Closed on
Feb 14, 2025
Sold by
Npo Llc
Bought by
Redstone Llc

Purchase Details

Closed on
May 11, 2021
Sold by
Miles Diversity Group Llc
Bought by
Merit Univest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 8, 2016
Closed on
Apr 13, 2017
Sold by
Jalco Ltd
Bought by
Miles Diversity Group Llc
Seller's Agent
TJ Zaharis
COBE Real Estate, Inc.
Buyer's Agent
Casey Miles
HomeSmart
List Price
$429,000
Sold Price
$315,000
Premium/Discount to List
-$114,000
-26.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.30%
Original Mortgage
$220,500
Interest Rate
4.21%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
1045 E University Dr Llc $4,117,717 First American Title Insurance
Redstone Llc $1,300,000 Chicago Title Agency
Merit Univest Llc $600,000 Old Republic Title Agency
Miles Diversity Group Llc $315,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1045 E University Dr Llc $3,562,500
Previous Owner Merit Univest Llc $550,000
Previous Owner Merit Univest Llc $500,000
Previous Owner Miles Diversity Group Llc $220,500
Previous Owner Jalco Ltd $656,750
Previous Owner Jalco Ltd $370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2017 04/24/17 Sold $315,000 -26.6% $53 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
04/08/2016 04/08/16 For Sale $429,000 -- $72 / 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 $7,602 $75,102 -- --
2024 $7,897 $73,761 -- --
2023 $7,897 $101,796 $42,704 $59,092
2022 $7,961 $108,955 $33,180 $75,775
2021 $8,288 $97,902 $34,128 $63,774
2020 $8,180 $93,132 $23,454 $69,678
2019 $7,643 $64,314 $23,652 $40,662
2018 $7,335 $65,682 $21,114 $44,568
2017 $7,117 $57,186 $19,548 $37,638
2016 $7,179 $55,980 $17,442 $38,538
2015 $8,725 $70,486 $15,855 $54,631
Source: Public Records

Agents Affiliated with this Home

  • TJ Zaharis

    Seller's Agent in 2017

    TJ Zaharis

    COBE Real Estate, Inc.

    (480) 222-0576

    18 Total Sales

    TJ Zaharis
    Section Image

  • C

    Buyer's Agent in 2017

    Casey Miles

    HomeSmart

    (480) 889-3700

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5425416

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-20-025A

Arizona Maricopa County Mesa 85203 Fraser Fields

1045 E University Dr, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1045 E University Dr, Mesa, AZ 85203 since 08 April 2016 and is currently estimated at $1,306,507, approximately $217 per square foot. This property was built in 1984. 1045 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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