NOT LISTED FOR SALE

1540 E University Dr Unit 400 Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
3,455 Sq Ft
0.48 Acres

Last Sold January 23, 2020

Last sale price $880 $0 Per Sq Ft

94 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Air

About This Home

As of January 2020

Stunning 880 square foot office space in the heart of Mesa with road signage! This ground level office has it's own private entrance with new tile flooring, open space and exposed painted brick! Landlord pays for utilities, exterior maintenance, property taxes, fire insurance and much more. You are required to pay for trash. This is a prime location and will go fast! Make this your next office space.

Last Agent to Sell the Property

Maria Cohen

MC Dream Builders Realty, LLC License #BR580773000 Listed on: 10/21/2019

Last Buyer's Agent

Maria Cohen

MC Dream Builders Realty, LLC License #BR580773000 Listed on: 10/21/2019

Property Details

Property Type

  • Other

Year Built

  • Built in 1973

Lot Details

  • 0.48 Acre Lot
  • Property is zoned C-G] COMMERCIAL

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 3,455 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air

Community Details

  • Building Dimensions are 21085
  • Paradise Parkway 3 Amended Subdivision

Listing and Financial Details

  • Property Available on 10/21/19
  • Tenant pays for trash collection
  • The owner pays for management fees, property taxes, exterior maint, common area maintenance, bldg liability ins, fire insurance-bldg, sewer, water, electricity
  • Assessor Parcel Number 137-39-059

Property Details

Property Type

Other

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: University Dr & Stapley
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-G] COMMERCIAL
  • Lease Info Annual Lease Price: 10560.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 880
  • Year Built: 1973
  • Tax Year: 2018
  • Directions: Head east on E University Dr toward N Stapley Dr, Destination will be on the left
  • Lot Size Acres: 0.48
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: PARADISE PARKWAY 3 AMENDED
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3455.0

Exterior Features

  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Lot Info

  • Lot Size: 21085
  • Lot Size Sq Ft: 21085.0
  • Additional Parcels: No
  • Parcel #: 137-39-059
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2019-10-21

Multi Family

  • Owner Pays: Management Fees, Property Taxes, Exterior Maint, Common Area Maint, Bldg Liability Ins, Fire Insurance-Bldg, Sewer, Water, Electricity
  • Tenant Pays: Trash Collection
  • Existing Lease Type: Gross
  • Leasable Area: 880.0

Tax Info

  • Tax Annual Amount: 3999.0
  • Tax Book Number: 137.00
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2015
Sold by
Grimes Wesley Dean and Grimes Betty Ann
Bought by
J & M Arizona Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2010
Sold by
Scotts Clinical Laboratory Inc
Bought by
Gililland John L and Gililland Virginia L

Purchase Details

Closed on
Mar 22, 2000
Sold by
Grimes Wesley Dean and Grimes Betty Ann
Bought by
Grimes Wesley Dean and Grimes Betty Ann

Purchase Details

Closed on
Jun 18, 1997
Sold by
Woudenberg John and The Woudenberg Family Trust
Bought by
Arroyo Arthur G and Arroyo Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
J & M Arizona Properties Llc $290,030 Chicago Title Agency
Gililland John L -- None Available
Grimes Wesley Dean -- --
Arroyo Arthur G $195,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & M Arizona Properties Llc $261,000
Previous Owner Arroyo Arthur G $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2020 01/23/20 Sold $880 0.0% $0 / Sq Ft
10/21/2019 10/21/19 Price Changed $880 -12.9% $0 / Sq Ft
10/21/2019 10/21/19 For Sale $1,010 -- $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 $4,144 $40,939 -- --
2024 $4,304 $40,208 -- --
2023 $4,304 $70,312 $38,403 $31,909
2022 $4,340 $71,558 $28,665 $42,893
2021 $4,518 $64,062 $29,484 $34,578
2020 $4,459 $61,200 $20,250 $40,950
2019 $4,166 $43,236 $20,412 $22,824
2018 $3,999 $43,956 $18,648 $25,308
2017 $3,879 $31,173 $11,255 $19,918
2016 $3,998 $31,173 $11,255 $19,918
2015 $4,983 $39,376 $14,217 $25,159
Source: Public Records

Agents Affiliated with this Home

  • Maria Cohen

    Seller's Agent in 2020

    Maria Cohen

    MC Dream Builders Realty, LLC

    (928) 970-2057

    7 Total Sales

    Maria Cohen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5994580

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-059

Arizona Maricopa County Mesa 85203 Mesa Patios

1540 E University Dr Unit 400, Mesa, AZ

This home is located at 1540 E University Dr Unit 400, Mesa, AZ 85203 since 21 October 2019. This property was built in 1973. 1540 E University Dr Unit 400 is a home located in Maricopa County with nearby schools including Michael T. Hughes 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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