$1,500
SOLD APR 1, 2025

1550 E University Dr Unit O-2 Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
1,222 Sq Ft
1,204 Sq Ft Lot

Recently Sold

$1 Per Sq Ft

99% Below List Price

26 Days on Market

Highlights

  • Meeting Room
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Carpet

About This Home

As of April 2025

4 office room, 1 conference room, 1 storage, data drop in every room, security camera hookup in every room and outside of 3 entrances, new carpet and paint, new blinds, new LED lights, common area restroom, ample parking. Only 5 minutes from downtown Mesa.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 01/31/2025

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1976

Lot Details

  • 1,204 Sq Ft Lot
  • Property is zoned C-G

Home Design

  • Tilt Up Walls
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,222 Sq Ft Home
  • Carpet

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Private Parking
  • Free Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 137-39-063-A

Community Details

Amenities

  • Meeting Room
  • Reception Area

Additional Features

  • University East Subdivision
  • Operating Expense $7,560

Property Details

Property Type

Other

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: University and Stapley
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-G
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2024
  • Directions: East to building just past Hunt
  • Lot Size Acres: 0.03
  • Subdivision Name: UNIVERSITY EAST
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet
  • Living Area: 1222.0

Exterior Features

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

Garage/Parking

  • Parking Features: Private, 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

Utilities

  • Electric: SRP
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 1204.0
  • Parcel #: 137-39-063-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7560.0

Tax Info

  • Tax Annual Amount: 1152.0
  • Tax Book Number: 137.00
  • Tax Lot: 1
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2020
Sold by
Michelson Robert L and Michelson Charlotte L
Bought by
Mass Properties Llc
Total Days on Market
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,100
Outstanding Balance
$95,812
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$76,185

Purchase Details

Closed on
Jan 11, 2005
Sold by
Broughton Robert W and Broughton Karen L
Bought by
Michelson Robert L and Michelson Charlotte L Farrimond
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 Type Sale Price Title Company
Special Warranty Deed $126,000 Commonwealth Title
Warranty Deed $120,500 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $107,100 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold $1,500 0.0% $1 / Sq Ft
04/01/2025 04/01/25 Sold $1,500 -99.1% $1 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $175,000 +11637.1% $143 / Sq Ft
01/31/2025 01/31/25 For Sale $1,491 +65.7% $1 / Sq Ft
07/01/2015 07/01/15 Sold $900 0.0% $1 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $900 -- $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 $1,152 $11,384 -- --
2024 $1,197 $11,181 -- --
2023 $1,197 $17,306 $3,451 $13,855
2022 $1,207 $14,753 $2,940 $11,813
2021 $1,256 $13,086 $2,610 $10,476
2020 $1,240 $12,294 $2,448 $9,846
2019 $1,159 $11,628 $2,322 $9,306
2018 $1,112 $10,908 $2,178 $8,730
2017 $1,079 $10,296 $2,052 $8,244
2016 $1,059 $8,766 $1,746 $7,020
2015 $1,023 $11,397 $2,276 $9,121
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2025

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    11 in this area

    121 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2025

    Non-MLS Agent

    Non-MLS Office

  • Sarah Luzi

    Seller's Agent in 2015

    Sarah Luzi

    Tyche Real Estate LLC

    (480) 227-3693

    110 Total Sales

    Sarah Luzi
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6813839

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-063A

Arizona Maricopa County Mesa 85203 Mesa Patios

1550 E University Dr Unit O-2, Mesa, AZ

This home is located at 1550 E University Dr Unit O-2, Mesa, AZ 85203 and is currently priced at $1,500, approximately $1 per square foot. This property was built in 1976. 1550 E University Dr Unit O-2 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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