Seller's Agent in 2022
Joel Scheller
HomeSmart
(602) 647-9222
1 in this area
62 Total Sales
108 N Extension Rd Mesa, AZ 85201
West Main NeighborhoodEstimated Value: $320,511 - $411,000
0.42
Acre
$882,448
Price per Acre
18,295
Sq Ft Lot
Highlights
- 0.42 Acre Lot
- No HOA
- Level Lot
- Franklin at Brimhall Elementary School Rated A
About This Lot
As of January 2022OPPORTUNITY KNOCKS...Check out the document section & visit the web for information on the full list of tax incentives & benefits of building in the DOWNTOWN OPPORTUNITY ZONE. Have you wondered why investors have been buying these sites up & building Awesome Multi Family Sites? Wonder no more, It's a WIN/WIN. Jerry Maguire said it best, ''Let Me, Help You...see pics). BTW, you can build single family home too especially since it's nearly impossible to find a half acre in Downtown for under 800K. Drive the neighborhood, check out all the new building going on, see how close the light rail is, check out the new shopping, micro breweries & restaurants opening up. Mesa is ALL GROWN UP! The D-TOWN Revitalization Opportunity Zone could be your ticket to vast riches. THIS WILL NOT LAST. Hurry!!! Californians...Looking for a place to park some money, perhaps a 1031 exchange? All your friends have been taking advantage of the Mesa OPPORTUNITY ZONE, what's your excuse?
INVESTORS, you grew up in the area...you have an affinity for this area, you love making money AND... HELPING OTHERS. Here is your chance to give back and be rewarded for doing it. Enough said...Again, this WILL NOT LAST!!!
City of Mesa announces approved Opportunity Zones
May 31, 2018 at 6:22 pm
The City of Mesa has 11 census tracts now approved as Opportunity Zones by the U.S. Department of Treasury. This federal program is meant to spur investment in low-income areas by providing tax benefits to investors who reinvest capital gains into Opportunity Zones.
The Opportunity Zones program allows state governors to nominate 25% of their qualifying low-income census tracts as opportunity zones. Arizona was one of the first states in the nation to submit a package for designation, with nominations being sent to the Treasury Department on March 21.
"Mesa has so many great locations for investment in Opportunity Zones," City of Mesa Economic Development Director Bill Jabjiniak said. "We now anticipate this new program to move investors off the sidelines and into development deals that will offer strong returns."
There are two requirements to take advantage of the tax benefits central to Opportunity Zones. First, the investment must be made via an Opportunity Fund. Second, the investments must be derived from a gain in another investment and transferred into an Opportunity Fund within 180 days of realizing that gain.
The tax benefits associated with this investment are that the tax on the realized gain is deferred and reduced if the investment is held in an Opportunity Fund for five to seven years. Second, gains on the Opportunity Fund investment will not be taxed if the investment is held for ten years. Opportunity Funds in turn must have at least 90% of their assets in qualified Opportunity Zone property.
The Governor's Office and the Arizona Commerce Authority worked with local governments, tribal communities, and counties to decide which census tracts would be submitted. As of April 9, Arizona's 168 submitted tracts became officially designated as Opportunity Zones.
For more information about Mesa's Opportunity Zones, visit:https://www.selectmesa.com/business-environment/incentives-programs/opportunity-zones
Contact: Kim Lofgreen
Tel. 480-644-3962
kim.lofgreen@mesaaz.gov
Property Details
Property Type
- Land
Est. Annual Taxes
- $764
Year Built
- 1910
Lot Details
- 0.42 Acre Lot
- Block Wall Fence
- Level Lot
- Property is zoned R4
Schools
- Emerson Elementary School
- Westwood High School
Community Details
- No Home Owners Association
- Mesa Community Redevelopment Zone Subdivision
Listing and Financial Details
- Assessor Parcel Number 135-56-001-A
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 14, 2021
Closed on
Jan 13, 2022
Sold by
Trinidad Real Property Investments Llc
Bought by
Zapien Jorge A Garibay
Seller's Agent
Joel Scheller
HomeSmart
Buyer's Agent
Sergio Duarte
DeLex Realty
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%
Total Days on Market
99
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,628
Avg. Annual Appreciation
6.40%
Original Mortgage
$150,000
Outstanding Balance
$139,551
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$231,077
Purchase Details
Listed on
Dec 14, 2021
Closed on
Jan 12, 2022
Sold by
Trinidad Real Property Investments Llc
Bought by
Zapien Jorge A Garibay
Seller's Agent
Joel Scheller
HomeSmart
Buyer's Agent
Sergio Duarte
DeLex Realty
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$139,551
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$231,077
Purchase Details
Closed on
Jan 22, 2020
Sold by
Miranda Lorenzo and Roman Laura
Bought by
Trinidad Real Property Investments Llc
Purchase Details
Closed on
Oct 5, 2010
Sold by
Truwest Credit Union
Bought by
Miranda Lorenzo and Roman Laura
Purchase Details
Closed on
Jan 6, 2010
Sold by
Warring Linda Jean
Bought by
Truwest Credit Union
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zapien Jorge A Garibay | $300,000 | Driggs Title Agency | |
| Zapien Jorge A Garibay | -- | Driggs Title Agency Inc | |
| Zapien Jorge A Garibay | $300,000 | Driggs Title Agency | |
| Zapien Jorge A Garibay | $300,000 | Driggs Title Agency Inc | |
| Trinidad Real Property Investments Llc | $115,000 | Empire West Title Agency Llc | |
| Miranda Lorenzo | $20,000 | Fidelity National Title | |
| Truwest Credit Union | $60,927 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zapien Jorge A Garibay | $150,000 | |
| Closed | Zapien Jorge A Garibay | $150,000 | |
| Closed | Zapien Jorge A Garibay | $150,000 | |
| Previous Owner | Warring Linda Jean | $59,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2022 01/20/22 | Sold | $300,000 | -14.0% | -- |
| 12/30/2021 12/30/21 | Pending | -- | -- | -- |
| 12/14/2021 12/14/21 | For Sale | $349,000 | 0.0% | -- |
| 11/15/2021 11/15/21 | Pending | -- | -- | -- |
| 09/22/2021 09/22/21 | For Sale | $349,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $764 | $7,788 | $7,788 | -- |
| 2024 | $771 | $7,417 | $7,417 | -- |
| 2023 | $771 | $23,325 | $23,325 | $0 |
| 2022 | $755 | $16,155 | $16,155 | $0 |
| 2021 | $764 | $16,830 | $16,830 | $0 |
| 2020 | $754 | $16,335 | $16,335 | $0 |
| 2019 | $705 | $15,570 | $15,570 | $0 |
| 2018 | $676 | $11,820 | $11,820 | $0 |
| 2017 | $656 | $7,920 | $7,920 | $0 |
| 2016 | $644 | $7,995 | $7,995 | $0 |
| 2015 | $645 | $6,800 | $6,800 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joel Scheller
-
Nancy Harris
N
Seller Co-Listing Agent in 2022
Nancy Harris
HomeSmart
(602) 739-3950
1 in this area
29 Total Sales
-
Sergio Duarte
S
Buyer's Agent in 2022
Sergio Duarte
DeLex Realty
(602) 434-7851
1 in this area
52 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6297645
APN: 135-56-001A
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.
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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