1.22
Acres
$512,295
Price per Acre
53,143
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- East or West Exposure
- Franklin at Brimhall Elementary School Rated A
About This Lot
As of January 2025Investment opportunity! This vacant commercial land spans approximately more than an acre, offering a prime development opportunity in a bustling commercial district. The flat, rectangular parcel is easily accessible, located just off a major thoroughfare with high vehicular and pedestrian traffic. The land is zoned for commercial use, making it ideal for various business ventures such as retail complexes, office buildings, or hospitality enterprises. With no existing structures, it presents a blank canvas for developers! The land's strategic location and versatile zoning and development potential make it a highly desirable property for investors and developers looking to expand in a vibrant commercial zone!
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,122
Lot Details
- 1.22 Acre Lot
- East or West Exposure
- Level Lot
- Additional Parcels
- Property is zoned Com
Schools
- Mendoza Elementary School
- Shepherd Junior High School
- Red Mountain High School
Community Details
- No Home Owners Association
- Nielson Commercial Plaza Unit 2 Subdivision
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 141-44-736
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 8, 2024
Closed on
Feb 4, 2025
Sold by
Karl Joseph Nielson and Karl Georgia Mae
Bought by
Cse Investments Llc
Seller's Agent
Vance Nielson
eXp Realty
Buyer's Agent
Sean Cooke
DeLex Realty
List Price
$750,000
Sold Price
$625,000
Premium/Discount to List
-$125,000
-16.67%
Total Days on Market
313
Views
29
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
$2,502
Avg. Annual Appreciation
1.06%
Original Mortgage
$500,000
Outstanding Balance
$499,153
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$128,349
Similar Properties in Mesa, AZ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $625,000 | Magnus Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $625,000 | -10.7% | -- |
| 12/18/2024 12/18/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | Price Changed | $700,000 | -6.7% | -- |
| 02/08/2024 02/08/24 | For Sale | $750,000 | -- | -- |
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 | $8,056 | $82,072 | $82,072 | -- |
| 2024 | $8,122 | $78,164 | $78,164 | -- |
| 2023 | $8,122 | $80,910 | $80,910 | $0 |
| 2022 | $7,954 | $80,235 | $80,235 | $0 |
| 2021 | $8,051 | $80,235 | $80,235 | $0 |
| 2020 | $7,946 | $81,915 | $81,915 | $0 |
| 2019 | $7,424 | $73,290 | $73,290 | $0 |
| 2018 | $7,125 | $65,130 | $65,130 | $0 |
| 2017 | $6,913 | $60,300 | $60,300 | $0 |
| 2016 | $6,785 | $53,835 | $53,835 | $0 |
| 2015 | $6,802 | $53,744 | $53,744 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Vance Nielson
Seller's Agent in 2025
Vance Nielson
eXp Realty
(480) 722-9800
45 Total Sales
-
Sean Cooke
S
Buyer's Agent in 2025
Sean Cooke
DeLex Realty
(480) 252-0021
19 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6661282
APN: 141-44-736
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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