NOT LISTED FOR SALE

1555 E University Dr Unit 1 Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $984,488

-- Bed
-- Bath
1,359 Sq Ft
$724/Sq Ft Est. Value

Last Sold December 01, 2014

Last sale price $800 $1 Per Sq Ft

Est. 122,961% increase in value since last sale

Current estimated payment $5,888/month

528 Days on Market

Highlights

  • 0.37 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Partially Fenced Property

About This Home

As of December 2014

Attractive 5 office suite in garden office complex in great North Mesa location. Suite has two large offices of 16'x16', one office of 12'x16', and two offices of 10'x10'. Suite also includes attractive reception area with 20 inch tiles, counter with tile inlays, built in reception desk with granite top. Each office has one entire wall of windows for abundant natural light. Suite is wired for network and security system and complex is served by both Cox Cable and Century Link internet. Property is just 2.5 miles from Loop 202 and 2.5 miles from US 60. Shopping and restaurants are just 1/2 mile away. Immediate availability.

Last Listed By

Wade Denman

Denman Realty Group, L.L.C License #BR116073000 Listed on: 06/11/2013

Property Details

Property Type

  • Other

Year Built

  • Built in 1979

Lot Details

  • 0.37 Acre Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned R-4

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Community Details

  • Sherwood Mesa Unit 5 Mcr 106 36 Subdivision
  • Reception Area

Listing and Financial Details

  • Property Available on 7/1/13
  • Assessor Parcel Number 138-06-148-B

Property Details

Property Type

Other

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: University Drive & Gilbert
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: R-4
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 9600.0
  • Lease Info Annual Lse Prc P S F: 6.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1359
  • Year Built: 1979
  • Tax Year: 2013
  • Directions: West on University to Hunt, south on Hunt to parking behind subject. Property on the southeast corner of University and Hunt.
  • Lot Size Acres: 0.37
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: SHERWOOD MESA UNIT 5 MCR 106-36
  • Structure Type: Office
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Reception Room
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 15987.0
  • Additional Parcels: No
  • Parcel #: 138-06-148-B
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2013-07-01

Multi Family

  • Leasable Area: 1359.0

Tax Info

  • Tax Annual Amount: 5100.0
  • Tax Book Number: 138.00
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2005
Sold by
Denman Wade and Denman Elizabeth
Bought by
Wed Properties I Llc
Total Days on Market
528
Current Estimated Value
$984,488

Purchase Details

Closed on
Jan 6, 2005
Sold by
1555 Group
Bought by
Denmman Wade and Denman Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
5.7%
Mortgage Type
Commercial

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
Wed Properties I Llc -- Title Security Agency Of Az
Denmman Wade $420,000 Title Security Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wed Properties 1 Llc $207,304
Closed Wed Properties I L L C $232,000
Previous Owner Denmman Wade $305,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2014 12/01/14 Sold $800 -30.4% $1 / Sq Ft
11/21/2014 11/21/14 Pending -- -- --
06/11/2013 06/11/13 For Sale $1,150 -- $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 $5,147 $50,848 -- --
2024 $5,346 $49,940 -- --
2023 $5,346 $73,474 $33,660 $39,814
2022 $5,390 $79,066 $27,388 $51,678
2021 $5,612 $70,542 $28,170 $42,372
2020 $5,538 $68,634 $19,368 $49,266
2019 $5,175 $46,800 $19,548 $27,252
2018 $4,966 $47,682 $16,974 $30,708
2017 $4,818 $38,718 $13,788 $24,930
2016 $4,822 $37,602 $12,312 $25,290
2015 $5,336 $42,939 $10,249 $32,690
Source: Public Records

Agents Affiliated with this Home

  • Wade Denman

    Seller's Agent in 2014

    Wade Denman

    Denman Realty Group, L.L.C

    (480) 233-6119

    57 Total Sales

    Wade Denman
    Section Image
  • Derek Habbeshaw

    Buyer's Agent in 2014

    Derek Habbeshaw

    AZ Residential Management LLC

    (480) 315-1240

    39 Total Sales

    Derek Habbeshaw
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4950530

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-06-148B

Arizona Maricopa County Mesa 85203 Reed Park

1555 E University Dr Unit 1, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1555 E University Dr Unit 1, Mesa, AZ 85203 since 11 June 2013 and is currently estimated at $984,488, approximately $724 per square foot. This property was built in 1979. 1555 E University Dr Unit 1 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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