NOT LISTED FOR SALE

11301 E Main St Mesa, AZ 85213

Northeast Mesa Neighborhood

Estimated Value: $745,063

-- Bed
-- Bath
2,958 Sq Ft
$252/Sq Ft Est. Value

Last Sold March 30, 2017

Last sale price $280,000 $95 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $4,261/month

13 Days on Market

Highlights

  • 0.73 Acre Lot
  • Community Kitchen
  • Central Air
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2017

**** WOW*** 9% Cap rates. Great single tenant (the Tire Store pays $3000/month-Mod gross lease-owner pays taxes & insurance) + billboard income ($2400/annually). Newer two AC units (replaced 2016). HUGE 0.73 Acre lot that fronts Main Street (Apache Trail).

Last Listed By

David Gudmundsen

Better Homes & Gardens Real Estate SJ Fowler License #BR105719000 Listed on: 02/23/2017

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,760

Year Built

  • Built in 1958

Lot Details

  • 0.73 Acre Lot
  • Chain Link Fence
  • Property is zoned CG

Home Design

  • 2,958 Sq Ft Home
  • Foam Roof
  • Block Exterior

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 220-66-001

Community Details

Building Details

  • Operating Expense $6,844
  • Gross Income $38,400
  • Net Operating Income $31,556

Additional Features

  • Hamakers Desert Cactus Amd Subdivision
  • Community Kitchen

Property Details

Property Type

Other

Est. Annual Taxes

$3,760

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Signal Butte/ Main Street (AKA Apache Trail)
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: CG
  • Current Use: Retail, Automobile
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2016
  • Directions: East on Main street to 10301 E Apache Trail AKA Main Street(The Tire Store). SE corner of Malcolm Dr & Main Street. *** Drive by only. Do not disturb tenant.
  • Lot Size Acres: 0.73
  • Road Surface Type: Asphalt
  • Subdivision Name: HAMAKERS DESERT CACTUS AMD
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking:Fenced: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Green Building Features: Kitchen
  • Water Source: Private Franchise
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 31900.0
  • Additional Parcels: No
  • Parcel #: 220-66-001
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 38400.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 31556.0
  • Annual Operating Expense: 6844.0

Tax Info

  • Tax Annual Amount: 3760.0
  • Tax Book Number: 220.00
  • Tax Lot: 1
  • Tax Map Number: 66.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2022
Sold by
Infy Superior Llc
Bought by
Speed Tire Shop Llc
Total Days on Market
13
Current Estimated Value
$745,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Outstanding Balance
$294,667
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$450,396

Purchase Details

Listed on
Feb 23, 2017
Closed on
Mar 16, 2017
Sold by
Dg Commercial 3 Llc
Bought by
Infy Superior Llc
Seller's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$349,900
Sold Price
$280,000
Premium/Discount to List
-$69,900
-19.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.81%

Purchase Details

Closed on
Sep 14, 2015
Sold by
Kunisch James F and Kunisch Ann Marie Plet
Bought by
Dg Commercial 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,374
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2007
Sold by
Kunisch James F and Kunisch Ann Marie Plet
Bought by
Kunisch James F and Kunisch Ann Marie Plet

Purchase Details

Closed on
Mar 28, 2000
Sold by
Fornaro Albert and Fornaro Rosalie
Bought by
Kunisch James F and Kunisch Ann Marie Plet

Purchase Details

Closed on
Nov 5, 1997
Sold by
Fornaro Rosalie
Bought by
Fornaro Albert

Purchase Details

Closed on
Jan 31, 1997
Sold by
Noble Gladys G
Bought by
Fornaro Albert and Fornaro Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.85%
Mortgage Type
Seller Take Back

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
Speed Tire Shop Llc $800,000 Magnus Title
Infy Superior Llc $280,000 Lawyers Title
Dg Commercial 3 Llc $176,374 Pioneer Title Agency Inc
Kunisch James F -- None Available
Kunisch James F $167,601 --
Fornaro Albert -- --
Fornaro Albert $200,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Speed Tire Llc $306,000
Closed Speed Tire Shop Llc $400,000
Previous Owner Dg Commercial 3 Llc $151,374
Previous Owner Kunisch James F $165,750
Previous Owner Kunisch James F $218,400
Previous Owner Fornaro Albert $180,000
Closed Speed Tire Shop Llc $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2017 03/30/17 Sold $280,000 -20.0% $95 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/23/2017 02/23/17 For Sale $349,900 -- $118 / 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 $3,683 $39,692 -- --
2024 $3,845 $38,983 -- --
2023 $3,845 $61,557 $35,887 $25,670
2022 $3,864 $70,228 $46,690 $23,538
2021 $3,965 $71,658 $48,024 $23,634
2020 $3,932 $65,232 $41,850 $23,382
2019 $3,644 $63,810 $41,616 $22,194
2018 $3,553 $31,734 $20,016 $11,718
2017 $3,601 $31,734 $20,016 $11,718
2016 $3,760 $39,600 $24,876 $14,724
2015 $3,610 $31,950 $20,572 $11,378
Source: Public Records

Agents Affiliated with this Home

  • David Gudmundsen

    Seller's Agent in 2017

    David Gudmundsen

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 830-2552

    1 in this area

    46 Total Sales

    David Gudmundsen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5565527

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-66-001

Arizona Maricopa County Mesa 85120 Northeast Mesa

11301 E Main St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 11301 E Main St, Mesa, AZ 85213 since 23 February 2017 and is currently estimated at $745,063, approximately $251 per square foot. This property was built in 1958. 11301 E Main St is a home located in Maricopa County with nearby schools including Brinton 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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