$625,000
SOLD JAN 31, 2025

1240 N Recker Rd Unit 5 Mesa, AZ 85205

1.22 Acres
$512,295 Price per Acre
53,143 Sq Ft Lot

Recently Sold

17% Below List Price

313 Days on Market

Highlights

  • No HOA
  • Level Lot
  • East or West Exposure
  • Franklin at Brimhall Elementary School Rated A

About This Lot

As of January 2025

Investment 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!

Last Agent to Sell the Property

Vance Nielson

eXp Realty License #SA658391000 Listed on: 02/08/2024

eXp Realty

Last Buyer's Agent

Sean Cooke

DeLex Realty License #SA627784000

DeLex Realty

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

Property Details

Property Type

Land

Est. Annual Taxes

$8,122

Lot Details

0

Listing Details

  • Cross Street: Brown & Recker
  • Legal Info Range: 6E
  • Property Type: Land
  • Development Status: Subdivision Plat Apv
  • Topography: Level
  • Zoning: Com
  • Tax Year: 2023
  • Horses: No
  • Lot Size Acres: 1.22
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: NIELSON COMMERCIAL PLAZA UNIT 2
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Fencing: None
  • Lot Features: East/West Exposure
  • Disclosures: Seller Prop Disc Stm, ALTA Survey Alba, Development Pln Aval
  • Other Structures: None

Utilities

  • Electric: SRP, Underground
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Mendoza Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 203x264
  • Lot Size Sq Ft: 53306.0
  • Additional Parcels: Yes
  • Parcel #: 141-44-736
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8122.0
  • Tax Book Number: 141.00
  • Tax Lot: 5
  • Tax Map Number: 44.00

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%
Views
29
Current Estimated Value
$629,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,372
Avg. Annual Appreciation
0.86%
Original Mortgage
$500,000
Outstanding Balance
$496,994
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$132,378
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 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 List to Sale Price per Sq Ft
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

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 $8,097 $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

    41 Total Sales

    Vance Nielson
    Section Image

  • S

    Buyer's Agent in 2025

    Sean Cooke

    DeLex Realty

    (480) 252-0021

    18 Total Sales

    Sean Cooke
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6661282

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-44-736

Arizona Maricopa County Mesa 85205

1240 N Recker Rd Unit 5, Mesa, AZ

Sold

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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