NOT LISTED FOR SALE

1560 W University Dr Mesa, AZ 85201

Riverview Neighborhood
-- Bed
-- Bath
1,116 Sq Ft
0.51 Acres

Last Sold July 18, 2017

Last sale price $284,022 $254 Per Sq Ft

150 Days on Market

Highlights

  • 0.51 Acre Lot
  • Central Air
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of July 2017

On North East Corner of Signalized Intersection. Provides Dual Street Frontage.

This is a Commercial Parcel with Building and fenced rear yard area.
Parcel is Zoned City of Mesa ''LC'' Limited Commercial. Building was convenience market when built. Property Sold ''AS IS''. NO Seller Carry Back must be a Cash to Seller at Closing. Financing at Buyer Expense with stated

Sales price to Seller at Closing. No appraisal contingencies.
Can be combined with Adjacent property to East 1564 W University Drive (5544780) priced at $196,000.
The listings for the combined properties is 5544790 with a price of $437,000.00 for both.
I understand there has been a recent Phase I & II and the property is clear.

Buyer to verify all information.

Call agent with questions.

Last Listed By

Richard Wood

R.L. Wood & Company, L.L.C License #BR003616000 Listed on: 01/11/2017

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,925

Year Built

  • Built in 1974

Lot Details

  • 0.51 Acre Lot
  • Chain Link Fence
  • Property is zoned LC (was C-2)

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 1,116 Sq Ft Home
  • Concrete Flooring

Parking

  • 15 Open Parking Spaces
  • 17 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot M&B
  • Assessor Parcel Number 135-31-146-C

Community Details

Overview

  • Building Dimensions are 149x150
  • Garden Grove Subdivision

Building Details

  • Operating Expense $6,125
  • Net Operating Income $32,458

Property Details

Property Type

Other

Est. Annual Taxes

$4,925

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: University & Longmore
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: LC (was C-2)
  • Bay Info Bay Door Height: 12.0
  • Bay Info Bay Size: 12x20
  • Current Use: Mixed Use, Automobile
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2016
  • Directions: NEC-W University & N Longemore(2 Bldgs Former Service Station - Now a Auto Repair & Former U-Totem = rented
  • Lot Size Acres: 0.51
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: GARDEN GROVE
  • Structure Type: Commercial
  • Tax Parcel Letter: C
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Metal Siding, Block, Brick
  • Roof: Composition, Metal
  • Construction:Block: Yes
  • Construction:Metal: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: SRP
  • Cooling: Warehouse A/C, Office A/C, Central A/C
  • Heating: Electric, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 149x150
  • Lot Size Sq Ft: 22414.0
  • Additional Parcels: No
  • Parcel #: 135-31-146-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1200.0
  • Property Net Operating Income: 32458.0
  • Annual Operating Expense: 6125.0
  • Leasable Area: 1115.0

Tax Info

  • Tax Annual Amount: 4925.0
  • Tax Book Number: 135.00
  • Tax Lot: M&B
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2017
Closed on
Jul 13, 2017
Sold by
Crofts James and Crofts Cherul
Bought by
Amfd Power Washers & Repair Llc
Seller's Agent
Richard Wood
R.L. Wood & Company, L.L.C
Buyer's Agent
Richard Wood
R.L. Wood & Company, L.L.C
List Price
$241,000
Sold Price
$284,022
Premium/Discount to List
$43,022
17.85%
Total Days on Market
150

Purchase Details

Closed on
Nov 11, 2009
Sold by
Crofts James E
Bought by
Crofts Properties

Purchase Details

Closed on
Nov 10, 2005
Sold by
Moon Ronald D and Moon Betty F
Bought by
Crofts James E and A & 4 Crofts Automotive Servic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2003
Sold by
Moon Ronald D and Moon Betty F
Bought by
Moon Ronald D and Moon Betty F

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
Amfd Power Washers & Repair Llc $515,000 Driggs Title Agency Inc
Crofts Properties -- None Available
Crofts James E $500,000 Security Title Agency Inc
Moon Ronald D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crofts James E $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2017 07/18/17 Sold $284,022 0.0% $255 / Sq Ft
06/10/2017 06/10/17 Off Market $284,022 -- --
06/05/2017 06/05/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $241,000 -- $216 / 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 $5,361 $52,958 -- --
2024 $5,568 $52,013 -- --
2023 $5,568 $61,285 $46,546 $14,739
2022 $5,614 $60,166 $46,463 $13,703
2021 $5,844 $61,560 $47,790 $13,770
2020 $5,768 $60,300 $46,584 $13,716
2019 $5,389 $55,026 $41,508 $13,518
2018 $5,173 $50,598 $37,692 $12,906
2017 $5,018 $47,754 $34,902 $12,852
2016 $4,925 $42,084 $30,348 $11,736
2015 $4,758 $37,592 $28,379 $9,213
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Richard Wood

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

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5544782

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-31-146C

Arizona Maricopa County Mesa 85201 Riverview

1560 W University Dr, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1560 W University Dr, Mesa, AZ 85201 since 11 January 2017. This property was built in 1974. 1560 W University Dr is a home located in Maricopa County with nearby schools including Whittier 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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