NOT LISTED FOR SALE

1546 W University Dr Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $392,503

-- Bed
-- Bath
3,115 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $230,978 $74 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,393/month

153 Days on Market

Highlights

  • 0.2 Acre Lot
  • Central Air
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of July 2017

This is a Commercial Parcel with Building and fenced rear yard area.
Can be combined with Adjacent property to West 1560 W University Drive (5544782).
Parcel is Zoned City of Mesa ''LC'' Limited Commercial. Building was convenience market when built. Property has Easement on East side for access to Rear of property. Property Sold ''AS IS''. NO Seller Carry Back must be a Cash to Seller at Closing. Financing at Buyer Expense with stated Sales price to Seller at Closing. No appraisal contingencies.
The listing for the combined properties is 5544790 with a price of $435,000.00 for both.
I understand there has been a recent Phase I & II and the property and it is clear.


See Combined Property Listing 5544790.

Last Agent to Sell the Property

Richard Wood

R.L. Wood & Company, L.L.C License #BR003616000 Listed on: 01/11/2017

Last Buyer's Agent

Richard Wood

R.L. Wood & Company, L.L.C License #BR003616000 Listed on: 01/11/2017

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,810

Year Built

  • Built in 1962

Lot Details

  • 8,637 Sq Ft Lot
  • Chain Link Fence
  • Additional Parcels
  • Property is zoned LC (was C-2)

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 3,115 Sq Ft Home
  • Concrete Flooring

Parking

  • 15 Open Parking Spaces
  • 19 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Building Dimensions are 57.34x150.62
  • Operating Expense $4,210

Listing and Financial Details

  • Tax Lot M&B
  • Assessor Parcel Number 135-31-146-C

Property Details

Property Type

Other

Est. Annual Taxes

$2,810

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: University & Longmore
  • Legal Info Range: R7E
  • Property Type: Comm/Industry Sale
  • Zoning: LC (was C-2)
  • Current Use: Mixed Use, Retail, Service Business, Office
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2016
  • Directions: E of the NEC-W University & N Longemore(2 Bldgs Former Service Station - U-Haul Building & Subject is the Carpet Store
  • Lot Size Acres: 0.2
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial
  • Tax Parcel Letter: C
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Metal Siding, Block, Brick
  • Roof: Composition, Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 19.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 19.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: SRP
  • Cooling: Warehouse A/C, Office A/C, Central A/C
  • Heating: Electric, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 57.34x150.62
  • Lot Size Sq Ft: 8636.55
  • Additional Parcels: Yes
  • Parcel #: 135-31-146-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1400.0
  • Annual Operating Expense: 4210.0
  • Leasable Area: 3115.0

Tax Info

  • Tax Annual Amount: 2810.0
  • Tax Book Number: 135.00
  • Tax Lot: M&B
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2020
Sold by
Hylton John P
Bought by
Hylton John Price and Hylton Mary Ann
Total Days on Market
153
Current Estimated Value
$392,503

Purchase Details

Closed on
May 24, 2019
Sold by
2201 N 7Th Llc
Bought by
Hylton John P

Purchase Details

Listed on
Jan 11, 2017
Closed on
Aug 15, 2017
Sold by
Amfd Power Washers & Repair Llc
Bought by
2201 N 7Th Llc
Seller's Agent
Richard Wood
R.L. Wood & Company, L.L.C
Buyer's Agent
Richard Wood
R.L. Wood & Company, L.L.C
List Price
$196,000
Sold Price
$230,978
Premium/Discount to List
$34,978
17.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 11, 2017
Closed on
Jul 13, 2017
Sold by
Crofts James and Crofts Cherul
Bought by
Amfd Power Washers & Repair Llc
Seller's Agent
Richard Wood
R.L. Wood & Company, L.L.C
Buyer's Agent
Richard Wood
R.L. Wood & Company, L.L.C
List Price
$196,000
Sold Price
$230,978
Premium/Discount to List
$34,978
17.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2005
Sold by
Moon Ronald D and Moon Betty F
Bought by
Crofts James E and A & 4 Crofts Automotive Service

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2003
Sold by
Moon Ronald D
Bought by
Moon Ronald D and Moon Betty F
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
Hylton John Price -- None Available
Hylton John P $182,000 Clear Title Agency Of Az Llc
2201 N 7Th Llc $200,000 Driggs Title Agency Inc
Amfd Power Washers & Repair Llc $515,000 Driggs Title Agency Inc
Crofts James E $500,000 Security Title Agency Inc
Moon Ronald D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2201 N 7Th Llc $150,000
Previous Owner Crofts James E $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2017 07/18/17 Sold $230,978 0.0% $74 / Sq Ft
06/10/2017 06/10/17 Off Market $230,978 -- --
06/08/2017 06/08/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $196,000 -- $63 / 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 $3,058 $30,212 -- --
2024 $3,177 $29,672 -- --
2023 $3,177 $40,392 $23,120 $17,272
2022 $3,202 $36,663 $20,773 $15,890
2021 $3,334 $37,278 $21,366 $15,912
2020 $3,291 $36,252 $20,502 $15,750
2019 $3,074 $33,822 $18,720 $15,102
2018 $2,951 $28,332 $13,950 $14,382
2017 $2,863 $26,910 $11,340 $15,570
2016 $2,810 $23,868 $9,846 $14,022
2015 $2,714 $22,274 $11,211 $11,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5544780

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-31-146E