NOT LISTED FOR SALE

1410 E Main St Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $3,779,786

-- Bed
-- Bath
40,233 Sq Ft
$94/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $1,500,000 $37 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $21,660/month

197 Days on Market

Highlights

  • 2.61 Acre Lot
  • Community Kitchen
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of June 2021

100% leased.

New road improvements in front of building on Main Street with Light Rail.

Additional area for more parking.

Roof Mounted A/C Unites for each Suite.

Last Agent to Sell the Property

Kent Xander

Kax Group, L.L.C. License #BR025645000 Listed on: 10/19/2020

Last Buyer's Agent

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $21,031

Year Built

  • Built in 1965

Lot Details

  • 2.61 Acre Lot
  • Property is zoned GC

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 40,233 Sq Ft Home
  • Vinyl Flooring

Parking

  • 88 Open Parking Spaces
  • 88 Parking Spaces
  • Free Parking

Utilities

  • Multiple Heating Units

Listing and Financial Details

  • Assessor Parcel Number 138-05-146-N

Community Details

Amenities

  • Community Kitchen

Building Details

  • Gross Income $215,318
  • Net Operating Income $166,227

Property Details

Property Type

Other

Est. Annual Taxes

$21,031

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: E. Main Street and N. Lazona Drive
  • Property Type: Comm/Industry Sale
  • Zoning: GC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2019
  • Lot Size Acres: 2.61
  • Structure Type: Commercial
  • Tax Parcel Letter: N
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl
  • Living Area: 40233.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: None, Free
  • Attached Garage: No
  • Open Parking Spaces: 88.0
  • Total Parking Spaces: 88.0
  • General Property Description:Uncvrd Parking Spcs: 88.0
  • General Property Description:Total Parking Spcs: 88.0
  • Parking:Free: Yes
  • Parking:None30: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: 2 or More Units, Electric
  • Green Building Features: Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 113875.0
  • Parcel #: 138-05-146-N
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 215317.56
  • Insurance Expense: 16059.98
  • Maintenance Expense: 12000.0
  • Property Net Operating Income: 166226.78

Tax Info

  • Tax Annual Amount: 21030.8
  • Tax Book Number: 138.00
  • Tax Lot: -
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Jac & Lee Llc
Bought by
Burbs Llc and Belmont Property Inv Llc
Current Estimated Value
$3,779,786

Purchase Details

Closed on
Mar 13, 2024
Sold by
Jac & Lee Llc
Bought by
Burbs Llc and Belmont Property Inv Llc

Purchase Details

Listed on
Oct 19, 2020
Closed on
Jun 14, 2021
Sold by
Pensco Trust Company Llc
Bought by
Jac & Lee Llc
Seller's Agent
Kent Xander
Kax Group, L.L.C.
Buyer's Agent
Peter Ellefson
EPL Realty Group, LLC
List Price
$1,999,999
Sold Price
$1,500,000
Premium/Discount to List
-$499,999
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.31%

Purchase Details

Closed on
Dec 10, 2018
Sold by
Zephry Main Llc
Bought by
Pensco Trust Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,500
Interest Rate
4.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2013
Sold by
Kelso Anna Lou
Bought by
Zephyr Main Llc

Purchase Details

Closed on
Aug 25, 2009
Sold by
Kelso Anna Lou
Bought by
City Of Mesa
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
Burbs Llc $3,900,000 Clear Title Agency Of Arizona
Burbs Llc $3,900,000 Clear Title Agency Of Arizona
Jac & Lee Llc $1,500,000 Great American Ttl Agcy Inc
Pensco Trust Company Llc $725,000 First American Title
Zephyr Main Llc -- None Available
City Of Mesa -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pensco Trust Company Llc $362,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $1,500,000 -23.7% $37 / Sq Ft
12/14/2020 12/14/20 Price Changed $1,965,000 -0.5% $49 / Sq Ft
11/09/2020 11/09/20 Price Changed $1,975,000 -1.2% $49 / Sq Ft
10/19/2020 10/19/20 For Sale $1,999,999 -- $50 / 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 $20,389 $206,661 -- --
2024 $21,729 $202,971 -- --
2023 $21,729 $435,421 $140,573 $294,848
2022 $21,906 $390,706 $119,403 $271,303
2021 $22,807 $393,984 $122,814 $271,170
2020 $22,510 $329,148 $127,890 $201,258
2019 $21,031 $292,902 $101,850 $191,052
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kent Xander

    Kax Group, L.L.C.

    (602) 499-9305

    1 in this area

    21 Total Sales

    Kent Xander
    Section Image
  • Peter Ellefson

    Buyer's Agent in 2021

    Peter Ellefson

    EPL Realty Group, LLC

    (602) 434-2193

    1 in this area

    28 Total Sales

    Peter Ellefson
    Section Image
  • Alex Thomas

    Buyer Co-Listing Agent in 2021

    Alex Thomas

    EPL Realty Group, LLC

    (480) 420-6679

    1 in this area

    32 Total Sales

    Alex Thomas
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6148982

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-05-146N

Arizona Maricopa County Mesa 85203 Reed Park

1410 E Main St, 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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