NOT LISTED FOR SALE

1550 E University Dr Unit G Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $201,834

-- Bed
-- Bath
1,195 Sq Ft
$169/Sq Ft Est. Value

Last Sold March 17, 2022

Last sale price $134,900 $113 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,226/month

2 Days on Market

Highlights

  • Wood Flooring
  • Community Kitchen
  • Display Windows
  • Franklin at Brimhall Elementary School Rated A
  • Skylights
  • Central Air

About This Home

As of March 2022

Great work space with two private offices, break room/storage, ''L'' shape floor space and three entry points. This office has been well taken care of on the inside and the association that it resides with in takes excellent care of the exterior. Currently, the property has been rented by the same tenant for many years.

Last Agent to Sell the Property

Richard Allen

Sureway Inc License #BR680130000 Listed on: 02/17/2022

Last Buyer's Agent

Alex Thomas

EPL Realty Group, LLC License #SA658146000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,283

Year Built

  • Built in 1976

Lot Details

  • 1,763 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned C2-Limited Comm

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Foam Roof

Interior Spaces

  • 1,195 Sq Ft Home
  • Skylights
  • Display Windows

Flooring

  • Wood
  • Concrete

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter
  • Fiber Optics Available

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 137-39-079-A

Community Details

Building Details

  • Operating Expense $5,567
  • Gross Income $11,940

Additional Features

  • University East Subdivision
  • Community Kitchen

Property Details

Property Type

Other

Est. Annual Taxes

$1,283

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: University & Harris
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C2-Limited Comm
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1976
  • Tax Year: 2021
  • Directions: Get off the 202 and head southbound on Gilbert Rd. Turn west on university dr and you can find the business center 1/2 a mile down the road on the right.
  • Lot Size Acres: 0.04
  • Road Surface Type: Asphalt
  • Subdivision Name: UNIVERSITY EAST
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood, Concrete

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Brick
  • Roof: Built-Up, Foam

Garage/Parking

  • Parking:None30: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Office A/C, Central A/C
  • Heating: Electric
  • Green Building Features: Kitchen, Fiber Optic Availble, Skylight(s), Display Window(s)
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Display Window(s): Yes
  • Amenities:Skylight(s)2: Yes
  • Amenities:Fiber Optic Availble: Yes

Lot Info

  • Lot Size Sq Ft: 1763.0
  • Additional Parcels: No
  • Parcel #: 137-39-079-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 11940.0
  • Annual Operating Expense: 5567.0

Tax Info

  • Tax Annual Amount: 1283.0
  • Tax Book Number: 137.00
  • Tax Lot: 17
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
1550 E University Dr G Llc
Bought by
Forth And First Enterprises
Total Days on Market
2
Current Estimated Value
$201,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Outstanding Balance
$161,227
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
$40,607

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 14, 2022
Sold by
Dh Investment Properties Llc
Bought by
1550 E University Dr G Llc
Seller's Agent
Richard Allen
Sureway Inc
Buyer's Agent
Alex Thomas
EPL Realty Group, LLC
List Price
$144,900
Sold Price
$134,900
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.16%
Original Mortgage
$155,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2009
Sold by
Hoey Donald B and Hoey Rebecca D
Bought by
Dh Investment Properties Llc

Purchase Details

Closed on
Nov 27, 1995
Sold by
Hockenberg Louis R and E L M Trust
Bought by
Hoey Donald B and Hoey Rebecca D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,700
Interest Rate
7.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 1995
Sold by
Norwest Bank Arizona
Bought by
E L M Trust
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
Forth And First Enterprises $190,000 First American Title Insurance
1550 E University Dr G Llc $134,900 Great American Title
Dh Investment Properties Llc -- None Available
Hoey Donald B $55,000 First American Title
E L M Trust $43,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forth And First Enterprises $161,500
Previous Owner 1550 E University Dr G Llc $155,000
Previous Owner Hoey Donald B $50,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 Sold $134,900 -6.9% $113 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $144,900 +14761.5% $121 / Sq Ft
05/12/2016 05/12/16 Sold $975 0.0% $1 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
09/04/2015 09/04/15 For Sale $975 -- $1 / 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 $1,177 $11,630 -- --
2024 $1,223 $11,423 -- --
2023 $1,223 $17,714 $3,536 $14,178
2022 $1,233 $15,085 $3,010 $12,075
2021 $1,283 $13,374 $2,664 $10,710
2020 $1,267 $12,600 $2,520 $10,080
2019 $1,184 $11,898 $2,376 $9,522
2018 $1,136 $11,124 $2,214 $8,910
2017 $1,102 $10,548 $2,106 $8,442
2016 $1,082 $8,964 $1,782 $7,182
2015 $1,045 $11,619 $2,313 $9,306
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Richard Allen

    Sureway Inc

    (602) 230-1160

    2 in this area

    13 Total Sales

    Richard Allen
    Section Image
  • Alex Thomas

    Buyer's Agent in 2022

    Alex Thomas

    EPL Realty Group, LLC

    (480) 420-6679

    2 in this area

    32 Total Sales

    Alex Thomas
    Section Image

  • R

    Seller's Agent in 2016

    Richard Wood

    R.L. Wood & Company, L.L.C

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6357075

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-079A

Arizona Maricopa County Mesa 85203 Mesa Patios

1550 E University Dr Unit G, Mesa, AZ

This home is located at 1550 E University Dr Unit G, Mesa, AZ 85203 since 17 February 2022 and is currently estimated at $201,834, approximately $168 per square foot. This property was built in 1976. 1550 E University Dr Unit G 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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