$900
SOLD JUL 1, 2015

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

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

Recently Sold

$1 Per Sq Ft

56 Days on Market

Highlights

  • Meeting Room
  • Skylights
  • Concrete Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heating Available

About This Home

As of April 2025

2 Months Free with an 18 month lease. Don't miss this Fully Furnished turn key office!!!!This office space is located within a multi-building office condo complex. It has a front reception, large conference room, two work areas, data/storage room and two private offices one office has a fire place. The space has three exits, one of which is to the side street. Bathrooms are shared in the common area. The back entrance leads to a fenced off back patio. The complex has street frontage on University Dr. the complex offers plenty of parking!

Last Agent to Sell the Property

Sarah Luzi

Tyche Real Estate LLC License #BR632285000 Listed on: 04/29/2015

Last Buyer's Agent

Sarah Luzi

Tyche Real Estate LLC License #BR632285000 Listed on: 04/29/2015

Property Details

Property Type

  • Other

Year Built

  • Built in 1976

Lot Details

  • 1,204 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Skylights
  • Concrete Flooring

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Property Available on 4/29/15
  • Tax Lot 1
  • Assessor Parcel Number 137-39-063-A

Community Details

Overview

  • Building Dimensions are condo
  • University East Subdivision

Amenities

  • Meeting Room

Property Details

Property Type

Other

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: University Drive & Gilbert Road
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-2
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 10800.0
  • Lease Info Annual Lse Prc P S F: 9.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: Ground
  • Lease Info Suite Size Avail Max: 1204
  • Year Built: 1976
  • Tax Year: 2014
  • Directions: West of University, North on Harris. Last building on the west side.
  • Lot Size Acres: 0.03
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Subdivision Name: University East
  • Structure Type: Commercial, Office, Other (See Remarks)
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Disclosures: None, Other (See Remarks)
  • Construction Type: Block, Other, See Remarks
  • Roof: Built-Up
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 50.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Skylight(s)
  • Water Source: City Franchise, None
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Conference Room: Yes
  • Amenities:Other (See Remarks)32: Yes
  • Amenities:Skylight(s)2: Yes

Lot Info

  • Lot Size: condo
  • Lot Size Sq Ft: 1204.0
  • Additional Parcels: No
  • Parcel #: 137-39-063-A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2015-04-29

Multi Family

  • Leasable Area: 1204.0

Tax Info

  • Tax Annual Amount: 997.0
  • 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
Current Estimated Value
$182,138

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
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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 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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5272422

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-39-063A