NOT LISTED FOR SALE

151 N Centennial Way Mesa, AZ 85201

Downtown Mesa Neighborhood
-- Bed
-- Bath
5,321 Sq Ft
4,879 Sq Ft Lot

Last Sold October 25, 2017

Last sale price $450,000 $85 Per Sq Ft

36 Days on Market

Highlights

  • Meeting Room
  • Elevator
  • Carpet
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heating Available

About This Home

As of October 2017

Located in downtown Mesa near the Convention Center, Marriott Hotel, City Hall, Mesa Community College campus and new Veterans' Resource Center. Easy access to Light Rail and adjacent to City of Mesa parking garage. Two-Story Building is fully sprinklered and was used as an education Center and computer lab until recently. Building was renovated in 2013.

Ideal for Owner-User or investor.

Last Agent to Sell the Property

George Bliss

ProSmart Realty License #SA110285000 Listed on: 07/03/2017

ProSmart Realty

Co-Listed By

Joan Krueger

Bliss Realty & Investments License #SA579766000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,479

Year Built

  • Built in 1985

Lot Details

  • 4,879 Sq Ft Lot
  • Property is zoned O-S

Home Design

  • 5,321 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • Public Parking
  • Community Parking Structure

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 138-31-001-C

Community Details

Overview

  • Mesa City Arizona Subdivision

Amenities

  • Meeting Room
  • Elevator
  • Reception Area

Building Details

  • Operating Expense $36,579
  • Gross Income $61,750
  • Net Operating Income $44,000

Property Details

Property Type

Other

Est. Annual Taxes

$5,479

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Main and Center Streets
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: O-S
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2016
  • Directions: From US60, north on Mesa Drive to 1st Street, west to Centennial Way, north to property. From SR 202, south on Country Club Drive to 1st Street, east to Centennial Way, north to property.
  • Lot Size Acres: 0.11
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: brel001
  • Co List Office Phone: 480-235-3617
  • Subdivision Name: MESA CITY ARIZONA
  • Structure Type: Office
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 5321.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Public Parking, Parking Structure
  • Attached Garage: No
  • Parking:Public Parking: Yes
  • Parking:Parking Structure: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Other (See Remarks), Public Elevator(s), Conference Room, Reception Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Public Elevator(s): Yes
  • Amenities:Conference Room: Yes
  • Amenities:Other (See Remarks)32: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1000.0

Lot Info

  • Lot Size Sq Ft: 4879.0
  • Parcel #: 138-31-001-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 10000.0
  • Annual Gross Income: 61750.0
  • Insurance Expense: 2900.0
  • Maintenance Expense: 6000.0
  • Property Net Operating Income: 44000.0
  • Annual Operating Expense: 36579.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5479.0
  • Tax Book Number: 138.00
  • Tax Lot: 4
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2021
Sold by
Dewitt Lorenzen Holdings Llc
Bought by
Hello Sugar Rel Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,500
Interest Rate
2.8%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Aug 22, 2017
Sold by
Brown Henry E and The Survivor S Trust
Bought by
Dewitt Lorenzen Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,900
Interest Rate
3.78%
Mortgage Type
Construction
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
Hello Sugar Rel Estate Llc $850,000 Pioneer Title Agency Inc
Dewitt Lorenzen Holdings Llc $450,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hello Sugar Real Estate Llc $1,308,300
Closed Hello Sugar Rel Estate Llc $920,500
Previous Owner Dewitt Lorenzen Holdings Llc $510,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2017 10/25/17 Sold $450,000 -14.3% $85 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
07/02/2017 07/02/17 For Sale $525,000 -- $99 / 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 $6,189 $55,326 -- --
2024 $6,406 $54,338 -- --
2023 $6,406 $76,228 $13,005 $63,223
2022 $6,454 $76,773 $9,205 $67,568
2021 $6,326 $71,514 $9,468 $62,046
2020 $6,246 $56,538 $9,396 $47,142
2019 $6,078 $47,664 $9,414 $38,250
2018 $5,852 $54,018 $7,524 $46,494
2017 $5,691 $45,054 $6,966 $38,088
2016 $5,479 $40,122 $6,066 $34,056
2015 $6,590 $52,059 $5,032 $47,027
Source: Public Records

Agents Affiliated with this Home

  • George Bliss

    Seller's Agent in 2017

    George Bliss

    ProSmart Realty

    (480) 807-8237

    12 Total Sales

    George Bliss
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Joan Krueger

    Bliss Realty & Investments

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5628036

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-31-001C

Arizona Maricopa County Mesa 85201 Downtown Mesa

151 N Centennial Way, Mesa, AZ

This home is located at 151 N Centennial Way, Mesa, AZ 85201 since 03 July 2017. This property was built in 1985. 151 N Centennial Way is a home located in Maricopa County with nearby schools including Eisenhower Center for Innovation, 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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