NOT LISTED FOR SALE

1320 E Broadway Rd Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $824,430

-- Bed
-- Bath
62,672 Sq Ft
$13/Sq Ft Est. Value

Last Sold October 31, 2020

Last sale price $600,000 $10 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,005/month

164 Days on Market

Highlights

  • 0.68 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Partially Fenced Property

About This Home

As of October 2020

Easy access, large parking area, 1 level Ranch Style Adobe Building with Central courtyard. Mature trees and Grass area, central Building with set of Bathroom and a Private office above. INDIVIDUAL ELECTRIC METERS !!!
Total of 8 (rented) suites + private office
Great for long term investments or part owner occupy (6 suites are month to month, but wishes to say) Seller financing @ 4.5%, 30 year Available with 30% down

Last Agent to Sell the Property

Francois Martinet

Net Land Realty License #BR507628000 Listed on: 02/24/2020

Last Buyer's Agent

Daniel Shreeve

Arizona Platinum Properties LLC License #BR572199000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,057

Year Built

  • Built in 1983

Lot Details

  • 0.68 Acre Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned C-O

Home Design

  • 62,672 Sq Ft Home
  • Built-Up Roof
  • Foam Roof
  • Stucco

Parking

  • 22 Open Parking Spaces
  • 46 Parking Spaces
  • 24 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 138-14-025-C

Community Details

Overview

  • 2 Buildings
  • Hibbert Allen Acres Lots 8 20 Subdivision

Building Details

  • Operating Expense $22,397
  • Gross Income $348,769
  • Net Operating Income $59,196

Property Details

Property Type

Other

Est. Annual Taxes

$8,057

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Broadway & Stapley
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Current Use: Medical/Dental, Office
  • Number Of Buildings: 2
  • Year Built: 1983
  • Tax Year: 2019
  • Lot Size Acres: 0.68
  • Road Surface Type: Asphalt
  • Subdivision Name: HIBBERT ALLEN ACRES LOTS 8-20
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Stucco
  • Roof: Built-Up, Foam
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 24.0
  • Open Parking Spaces: 22.0
  • Total Parking Spaces: 46.0
  • General Property Description:Covered Parking Spcs: 24.0
  • General Property Description:Uncvrd Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 46.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

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

Fee Information

  • Trash Expense: 3300.0
  • Annual Water Sewer Expense: 3000.0

Lot Info

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

Multi Family

  • Electric Expense: 720.0
  • Annual Gross Income: 348768.96
  • Insurance Expense: 1400.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 59195.7
  • Annual Operating Expense: 22396.54
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 8056.54
  • 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
10/31/2020 10/31/20 Sold $600,000 -14.9% $10 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $705,000 -- $11 / 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

  • Francois Martinet

    Seller's Agent in 2020

    Francois Martinet

    Net Land Realty

    (480) 787-1529

    16 Total Sales

    Francois Martinet
    Section Image

  • D

    Buyer's Agent in 2020

    Daniel Shreeve

    Arizona Platinum Properties LLC

    (480) 600-4307

    5 in this area

    31 Total Sales

    Daniel Shreeve
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6041269

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-025C

Arizona Maricopa County Mesa 85204 Reed Park

1320 E Broadway Rd, 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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