NOT LISTED FOR SALE

1250 E Southern Ave Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $911,243

Studio
-- Bath
5,001 Sq Ft
$182/Sq Ft Est. Value

Last Sold September 18, 2018

Last sale price $550,000 $110 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $5,436/month

58 Days on Market

About This Home

As of September 2018

• Free Standing Retail Building with Warehouse Space
• Excellent Owner/User Opportunity
• Approximately 5,000 Total SF on a 19,000 SF Parcel
• +/- 2,000 SF Office, +/- 3,000 SF Warehouse
• Sale Price: $625,000.00 ($125.00 PSF)
• C-2 Zoning
• Southern Avenue Frontage
• Plentiful Parking Available
• Located in a Densely Populated Area
• Easy Access to 60 Freeway

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 05/23/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,600

Year Built

  • Built in 1989

Lot Details

  • 0.44 Acre Lot
  • Property is zoned LC

Home Design

  • 5,001 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Listing and Financial Details

  • Assessor Parcel Number 139-05-004-M

Property Details

Property Type

Other

Est. Annual Taxes

$6,600

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Cross Street: E Southern Ave & S Stapley Dr
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1989
  • Tax Year: 2017
  • Lot Size Acres: 0.44
  • Structure Type: Other (See Remarks)
  • Tax Parcel Letter: M
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 5001.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 18992.0
  • Parcel #: 139-05-004-M
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6600.0
  • Tax Book Number: 139.00
  • Tax Lot: 0
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Sep 18, 2018
Sold by
3El S L L C
Bought by
O Bre 3 Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Current Estimated Value
$911,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,243
Avg. Annual Appreciation
7.13%
Original Mortgage
$444,000
Outstanding Balance
$387,230
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$524,013

Purchase Details

Closed on
Jan 3, 2002
Sold by
Louden Merle E and Louden Ione D
Bought by
3 El S Llc

Purchase Details

Closed on
Sep 30, 2001
Sold by
Louden Merle E and Louden Ione D
Bought by
3 Els Llc
Source: Public Records
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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
O Bre 3 Llc $550,000 Commonwealth Title
3 El S Llc -- --
3 Els Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open O Bre 3 Llc $444,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2018 09/18/18 Sold $550,000 -12.0% $110 / Sq Ft
05/23/2018 05/23/18 For Sale $625,000 -- $125 / 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 $8,055 $81,649 -- --
2024 $8,585 $80,191 -- --
2023 $8,585 $110,483 $24,174 $86,309
2022 $8,655 $103,566 $23,888 $79,678
2021 $9,011 $104,958 $24,570 $80,388
2020 $7,586 $89,694 $26,388 $63,306
2019 $7,087 $86,904 $23,886 $63,018
2018 $6,802 $82,026 $22,086 $59,940
2017 $6,600 $72,342 $20,448 $51,894
2016 $6,477 $65,628 $18,270 $47,358
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5769969

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-05-004M

Arizona Maricopa County Mesa 85204 Reed Park

1250 E Southern Ave, Mesa, AZ

Not Listed for Sale

Other

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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