NOT LISTED FOR SALE

1320 E Broadway Rd Unit 108 Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $824,430

-- Bed
-- Bath
5,760 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $950 $0 Per Sq Ft

Est. 86,682% increase in value since last sale

Current estimated payment $5,005/month

197 Days on Market

Highlights

  • 0.68 Acre Lot
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of October 2019

Nice Professional Business office located in attractive single level building with a central courtyard and fountain on corner lot. Large reception area and two private offices.

Covered and uncovered parking. Monument sign. Great convenient location. Close to US 60 Freeway. High visibility and traffic count.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 03/27/2019

Last Buyer's Agent

Susan Earles

LRA Real Estate Group, LLC License #BR563069000

Property Details

Property Type

  • Other

Year Built

  • Built in 1983

Lot Details

  • 0.68 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Community Details

  • Hibbert Allen Acres Lots 8 20 Subdivision

Listing and Financial Details

  • Property Available on 2/4/19
  • Tax Lot 18
  • Assessor Parcel Number 138-14-025-C

Property Details

Property Type

Other

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Stapley and Broadway
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 7200.0
  • Lease Info Annual Lse Prc P S F: 12.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-3
  • Lease Info Space Divisible: No
  • Year Built: 1983
  • Tax Year: 2018
  • Lot Size Acres: 0.68
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 8-20
  • Structure Type: Office
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 29657.0
  • Additional Parcels: No
  • Parcel #: 138-14-025-C
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2019-02-04

Multi Family

  • Leasable Area: 576.0

Tax Info

  • Tax Annual Amount: 7732.0
  • Tax Book Number: 138.00
  • Tax Lot: 18
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2020
Sold by
Greentree Investments Llc
Bought by
Lucky Mac Llc
Current Estimated Value
$824,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$298,225
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$526,205

Purchase Details

Closed on
Oct 27, 2005
Sold by
Rrb Properties Llc
Bought by
Greentree Investments Llc

Purchase Details

Closed on
Oct 4, 2002
Sold by
Finberg Robert A
Bought by
Finberg Robert A and Robert A Finberg Revocable Tru

Purchase Details

Closed on
Jul 27, 2000
Sold by
Christenson Clayton R
Bought by
Finberg Robert and Finberg Roger M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
8.12%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Lucky Mac Llc $600,000 Empire West Title Agency Llc
Greentree Investments Llc $700,000 Security Title Agency Inc
Rrb Properties Llc $700,000 Security Title Agency Inc
Finberg Robert A -- --
Finberg Robert $390,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucky Mac Llc $420,000
Previous Owner Finberg Robert $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2019 10/11/19 Sold $950 +59.7% $0 / Sq Ft
10/02/2019 10/02/19 Price Changed $595 -4.8% $0 / Sq Ft
03/27/2019 03/27/19 For Sale $625 -- $0 / 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 $7,811 $79,168 -- --
2024 $8,324 $77,754 -- --
2023 $8,324 $110,619 $45,645 $64,974
2022 $8,392 $113,996 $48,283 $65,713
2021 $8,737 $101,898 $49,662 $52,236
2020 $8,623 $98,208 $43,560 $54,648
2019 $8,057 $68,148 $38,700 $29,448
2018 $7,732 $69,498 $40,446 $29,052
2017 $7,502 $60,282 $37,440 $22,842
2016 $8,209 $64,008 $32,562 $31,446
2015 $10,402 $83,861 $21,146 $62,715
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2019

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    118 Total Sales

    Don Mortensen
    Section Image
  • Susan Earles

    Buyer's Agent in 2019

    Susan Earles

    LRA Real Estate Group, LLC

    (602) 509-4835

    26 Total Sales

    Susan Earles
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5901905

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-025C

Arizona Maricopa County Mesa 85204 Reed Park

1320 E Broadway Rd Unit 108, Mesa, AZ

Not Listed for Sale

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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