NOT LISTED FOR SALE

144 S Mesa Dr Unit 4 Mesa, AZ 85210

Downtown Mesa Neighborhood

Estimated Value: $1,090,836

-- Bed
-- Bath
10,030 Sq Ft
$109/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $3,500 $0 Per Sq Ft

Est. 31,067% increase in value since last sale

Current estimated payment $6,799/month

157 Days on Market

Highlights

  • 0.48 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of January 2024

Be part of an exceptional tenant mix at this Redeveloped Multi-tenant Retail Center in the heart of Downtown Mesa. Your business will thrive with high traffic and great visibility. Located just a block away from the newly remodeled Mesa Arizona LDS temple. Just steps away from 50+ new luxury residential units including the Grid, the Grove, Residences on Main and much more. The building is a few blocks away from the $100 million Mesa Arts Center, ASU's new film school, St. Benedictine University and Heritage Academy. Call us today for more information. Property will be completely remodeled including patio. In Downtown business district 1 which offers a variety of uses.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 07/27/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1974

Lot Details

  • 0.48 Acre Lot
  • Additional Parcels
  • Property is zoned C-TC

Home Design

  • 10,030 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Parking

  • 60 Open Parking Spaces
  • 70 Parking Spaces
  • 10 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Mesa Arizona Subdivision

Listing and Financial Details

  • Property Available on 7/26/23
  • Tenant pays for trash collection, electricity, water, sewer, contents insurance, glass insurance, liability insurance, janitorial service, common area maintenance, parking area maint
  • Tax Lot 1
  • Assessor Parcel Number 138-66-079

Property Details

Property Type

Other

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Main and Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-TC
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 4200.0
  • Lease Info Annual Lse Prc P S F: 28.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2-5
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 3000
  • Year Built: 1974
  • Tax Year: 2022
  • Directions: South on Mesa Dr to property on West side of street
  • Lot Size Acres: 0.48
  • Subdivision Name: MESA ARIZONA
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 10030.0

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 60.0
  • Total Parking Spaces: 70.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 60.0
  • General Property Description:Total Parking Spcs: 70.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 20873.0
  • Additional Parcels: Yes
  • Parcel #: 138-66-079
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-07-26

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Contents Insurance, Glass Insurance, Liability Insurance, Janitorial Service, Common Area Maintenance, Parking Area Maint
  • Existing Lease Type: NNN
  • Leasable Area: 1500.0

Tax Info

  • Tax Annual Amount: 9702.0
  • Tax Book Number: 138.00
  • Tax Lot: 1
  • Tax Map Number: 66.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2021
Sold by
Rees Lisa and Rees Simon
Bought by
Felida 1 Llc
Current Estimated Value
$1,090,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$596,129
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$505,596

Purchase Details

Closed on
Mar 7, 1995
Sold by
Rice Joyce
Bought by
Rice Family Corp
Source: Public Records

Range of Values:

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Average Value
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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
Felida 1 Llc $1,000,000 Old Republic Title Agency
Rice Family Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felida 1 Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Price Changed $3,500 0.0% $0 / Sq Ft
01/08/2024 01/08/24 Sold $3,500 +12.0% $0 / Sq Ft
12/28/2023 12/28/23 For Sale $3,125 0.0% $0 / Sq Ft
09/29/2023 09/29/23 Off Market $3,125 -- --
07/27/2023 07/27/23 For Sale $3,125 -- $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 $9,286 $87,241 -- --
2024 $9,628 $85,683 -- --
2023 $9,628 $125,001 $48,909 $76,092
2022 $9,702 $95,918 $24,308 $71,610
2021 $9,932 $98,298 $25,002 $73,296
2020 $9,807 $101,088 $25,506 $75,582
2019 $9,183 $98,550 $25,380 $73,170
2018 $8,826 $98,136 $25,164 $72,972
2017 $8,571 $87,876 $23,310 $64,566
2016 $8,418 $79,848 $20,268 $59,580
2015 $8,133 $64,269 $19,277 $44,992
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2024

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    14 in this area

    128 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6584953

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-66-079

Arizona Maricopa County Mesa 85210 Downtown Mesa

144 S Mesa Dr Unit 4, Mesa, AZ

This home is located at 144 S Mesa Dr Unit 4, Mesa, AZ 85210 since 27 July 2023 and is currently estimated at $1,090,836, approximately $108 per square foot. This property was built in 1974. 144 S Mesa Dr Unit 4 is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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