Seller's Agent in 2021
Joshua Willets
Grace CRE
(561) 473-4477
1 in this area
25 Total Sales
1500 E Dana Ave Mesa, AZ 85204
Reed Park NeighborhoodEstimated Value: $368,000 - $1,231,000
Studio
8
Baths
4,100
Sq Ft
$221/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Ceiling Fan
About This Home
As of April 2021Welcome to Seven on Dana. Situated two blocks south of the Main Street development corridor, this property is within walking distance to the light rail. Included in the listing are 2 parcels totaling 1.06 acres; the first parcel is a 7-unit complex (.634 acres) featuring 2 triplexes and a 2-bedroom house. Triplex mix includes one newly updated 3-bed/2 bath, three 2-bed units, a large 1-bed unit, and a studio. The City of Mesa may allow the option to develop and build up to 8 additional units on the second parcel of .43 acres. ProForma Cap Rate is estimated at 5.87%, based on market rents. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,895
Year Built
- Built in 1968
Lot Details
- Additional Parcels
Home Design
- Brick Exterior Construction
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
- On-Street Parking
Schools
- Longfellow Elementary School
- Poston Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 8
- Assessor Parcel Number 138-11-036
Community Details
Overview
- 2 Buildings
- 7 Units
- Building Dimensions are 148x314
- Los Ranchitos Subdivision
Building Details
- Operating Expense $24,518
- Gross Income $90,060
- Net Operating Income $65,698
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 8, 2021
Sold by
Andrew Otero
Bought by
La Jolla Villas Llc
Current Estimated Value
Purchase Details
Listed on
Feb 20, 2021
Closed on
Apr 14, 2021
Sold by
Cabrera Michael and Cabrera Andrea
Bought by
Otero Andrew
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$1,120,000
Sold Price
$1,120,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.42%
Purchase Details
Listed on
Nov 24, 2020
Closed on
Dec 29, 2020
Sold by
Mortensen Homes Llc
Bought by
Cabrera Michael and Cabrera Andrea
Seller's Agent
Autumn Mortensen
DPR Realty LLC
Buyer's Agent
Houstin Engstrom
Delex Realty
List Price
$799,900
Sold Price
$905,000
Premium/Discount to List
$105,100
13.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.50%
Purchase Details
Closed on
Sep 3, 2004
Sold by
Mortensen Richard and Mortensen Gloria
Bought by
Mortensen Homes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2003
Sold by
Jeffery Stephen J
Bought by
Mortensen Richard and Mortensen Gloria
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| La Jolla Villas Llc | -- | Old Republic Title | |
| Otero Andrew | $1,120,000 | Old Republic Title Agency | |
| Cabrera Michael | $905,000 | Great American Ttl Agcy Inc | |
| Mortensen Homes Llc | -- | Master Title | |
| Mortensen Richard | $275,000 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mortensen Homes Llc | $352,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/20/2021 04/20/21 | Sold | $1,120,000 | 0.0% | $273 / Sq Ft | |
| 03/15/2021 03/15/21 | Pending | -- | -- | -- | |
| 02/19/2021 02/19/21 | For Sale | $1,120,000 | +23.8% | $273 / Sq Ft | |
| 12/31/2020 12/31/20 | Sold | $905,000 | -4.7% | $221 / Sq Ft | View Prior Sale |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- | |
| 11/25/2020 11/25/20 | Price Changed | $949,900 | +18.8% | $232 / Sq Ft | |
| 11/24/2020 11/24/20 | For Sale | $799,900 | -- | $195 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,823 | $18,480 | -- | -- |
| 2024 | $1,829 | $17,600 | -- | -- |
| 2023 | $1,829 | $71,160 | $9,220 | $61,940 |
| 2022 | $1,736 | $52,780 | $6,840 | $45,940 |
| 2021 | $1,762 | $43,220 | $5,600 | $37,620 |
| 2020 | $1,739 | $39,390 | $5,100 | $34,290 |
| 2019 | $1,622 | $33,430 | $4,330 | $29,100 |
| 2018 | $1,556 | $29,770 | $3,860 | $25,910 |
| 2017 | $1,509 | $22,700 | $2,940 | $19,760 |
| 2016 | $1,481 | $21,440 | $2,780 | $18,660 |
| 2015 | $1,393 | $19,560 | $2,530 | $17,030 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Willets
-
Sophia Baron
Seller Co-Listing Agent in 2021
Sophia Baron
Grace CRE
(480) 375-0227
1 in this area
76 Total Sales
-
Autumn Mortensen
Seller's Agent in 2020
Autumn Mortensen
DPR Realty
(480) 213-5647
1 in this area
11 Total Sales
-
Houstin Engstrom
Buyer's Agent in 2020
Houstin Engstrom
Delex Realty
(602) 684-6843
35 Total Sales
-
Staci Smedstad
Buyer Co-Listing Agent in 2020
Staci Smedstad
DeLex Realty
(602) 882-3388
42 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6197179
APN: 138-11-036
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.
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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