NOT LISTED FOR SALE

1550 E University Dr Unit F1 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $229,514

-- Bed
-- Bath
1,776 Sq Ft
$129/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $195,000 $110 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,374/month

244 Days on Market

Highlights

  • 1.56 Acre Lot
  • Computer Room
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of May 2021

Reception, bullpen, break/copy room, storage room, 4 private offices one of which is huge, has 2 doors, and could easily be 5 offices.

Last Listed By

Geoffrey Adams

Realty ONE Group License #BR627564000 Listed on: 06/06/2020

Realty ONE Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,234

Year Built

  • Built in 1976

Lot Details

  • 1.56 Acre Lot
  • Property is zoned LC

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,776 Sq Ft Home
  • Computer Room

Flooring

  • Carpet
  • Concrete

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Free Parking
  • Paved Parking

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 137-39-080-A

Community Details

Building Details

  • Operating Expense $1,234
  • Net Operating Income $17,000

Additional Features

  • University East Subdivision
  • Reception Area

Property Details

Property Type

Other

Est. Annual Taxes

$1,234

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: Gilbert & University
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2019
  • Directions: from Gilbert Rd head West on University destination will be on the right
  • Lot Size Acres: 1.56
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog04
  • Co List Office Phone: 480-777-4500
  • Subdivision Name: UNIVERSITY EAST
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Concrete
  • Living Area: 1776.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Green Building Features: Other (See Remarks), Reception Room, Computer Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Computer Room: Yes
  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 68063.0
  • Parcel #: 137-39-080-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 17000.0
  • Annual Operating Expense: 1234.0

Tax Info

  • Tax Annual Amount: 1234.0
  • Tax Book Number: 137.00
  • Tax Lot: 18
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2020
Closed on
May 5, 2021
Sold by
Dakota Llc
Bought by
Eddie Llc
Seller's Agent
Geoffrey Adams
Realty ONE Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$250,000
Sold Price
$195,000
Premium/Discount to List
-$55,000
-22%
Total Days on Market
244
Current Estimated Value
$229,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,514
Avg. Annual Appreciation
4.17%

Purchase Details

Closed on
Nov 15, 2001
Sold by
Bartlett Robert C and Bartlett Elisabeth F
Bought by
Hinkel Michael H and Hinkel Andrea L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.62%
Mortgage Type
Seller Take Back

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
Eddie Llc $195,000 Chicago Title Agency Inc
Hinkel Michael H $115,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hinkel Michael H $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2021 05/11/21 Sold $195,000 -9.3% $110 / Sq Ft
01/11/2021 01/11/21 Price Changed $214,999 -4.9% $121 / Sq Ft
12/29/2020 12/29/20 Price Changed $226,000 +13.6% $127 / Sq Ft
12/29/2020 12/29/20 Price Changed $199,000 -11.9% $112 / Sq Ft
12/13/2020 12/13/20 Price Changed $226,000 -0.4% $127 / Sq Ft
11/16/2020 11/16/20 Price Changed $227,000 -7.3% $128 / Sq Ft
08/13/2020 08/13/20 Price Changed $245,000 -2.0% $138 / Sq Ft
06/06/2020 06/06/20 For Sale $250,000 -- $141 / 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 $1,227 $12,123 -- --
2024 $1,275 $11,906 -- --
2023 $1,275 $18,530 $3,706 $14,824
2022 $1,285 $15,768 $3,150 $12,618
2021 $1,338 $13,986 $2,790 $11,196
2020 $1,320 $13,140 $2,628 $10,512
2019 $1,234 $12,420 $2,484 $9,936
2018 $1,184 $11,628 $2,322 $9,306
2017 $1,149 $10,998 $2,196 $8,802
2016 $1,127 $9,360 $1,872 $7,488
2015 $1,089 $12,137 $2,424 $9,713
Source: Public Records

Agents Affiliated with this Home

  • Geoffrey Adams

    Seller's Agent in 2021

    Geoffrey Adams

    Realty One Group

    (480) 405-1705

    1 in this area

    458 Total Sales

    Geoffrey Adams
    Section Image

  • H

    Seller Co-Listing Agent in 2021

    Heather Barilla

    Realty One Group

    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6087677

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-080A

Arizona Maricopa County Mesa 85203 Mesa Patios

1550 E University Dr Unit F1, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1550 E University Dr Unit F1, Mesa, AZ 85203 since 06 June 2020 and is currently estimated at $229,514, approximately $129 per square foot. This property was built in 1976. 1550 E University Dr Unit F1 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