NOT LISTED FOR SALE

1620 W University Dr Unit 7 & 8 Mesa, AZ 85201

Riverview Neighborhood
-- Bed
-- Bath
23,768 Sq Ft
1.64 Acres

Last Sold December 01, 2021

Last sale price $1,200 $0 Per Sq Ft

500 Days on Market

Highlights

  • 1.64 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of December 2021

Affordable retail space, flexible terms. Excellent visibility and access. Ideal for small tenants. Previous leased as karate studio. High traffic area, monument sign, signalized intersection. Close to freeways.

Last Listed By

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 07/09/2020

Property Details

Property Type

  • Other

Year Built

  • Built in 1980

Lot Details

  • 1.64 Acre Lot
  • Property is zoned C-G

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Karen Acres Subdivision

Listing and Financial Details

  • Property Available on 7/8/20
  • Assessor Parcel Number 135-35-143-D

Property Details

Property Type

Other

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University and Longmore
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-G
  • Current Use: Mixed Use, Retail
  • Lease Info Annual Lease Price: 24000.0
  • Lease Info Annual Lse Prc P S F: 12.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-2
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 2000
  • Year Built: 1980
  • Tax Year: 2019
  • Directions: NW Corner of University and Longmore
  • Lot Size Acres: 1.64
  • Subdivision Name: KAREN ACRES
  • Structure Type: Commercial
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

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

Garage/Parking

  • 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
  • Parking:Free: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 71537.0
  • Additional Parcels: No
  • Parcel #: 135-35-143-D
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-07-08

Multi Family

  • Leasable Area: 2000.0

Tax Info

  • Tax Annual Amount: 20966.0
  • Tax Book Number: 135.00
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2004
Sold by
Singh Investments Inc
Bought by
Akal Investments Llc
Total Days on Market
500

Purchase Details

Closed on
Sep 15, 1997
Sold by
University Central Center Corp
Bought by
Singh Investments Inc

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Akal Investments Llc -- --
Singh Investments Inc $850,000 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $1,200 -40.0% $0 / Sq Ft
07/08/2020 07/08/20 For Sale $2,000 -- $0 / 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 $20,855 $206,023 -- --
2024 $21,662 $202,344 -- --
2023 $21,662 $329,681 $122,825 $206,856
2022 $21,838 $295,995 $101,465 $194,530
2021 $22,736 $298,836 $104,364 $194,472
2020 $22,440 $300,312 $103,626 $196,686
2019 $20,966 $281,934 $91,170 $190,764
2018 $20,123 $284,976 $94,050 $190,926
2017 $19,523 $255,312 $87,084 $168,228
2016 $19,160 $227,988 $75,726 $152,262
2015 $18,508 $157,250 $73,741 $83,509
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2021

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    2 in this area

    123 Total Sales

    Don Mortensen
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6100679

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-35-143D

Arizona Maricopa County Mesa 85201 Riverview

1620 W University Dr Unit 7 & 8, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1620 W University Dr Unit 7 & 8, Mesa, AZ 85201 since 09 July 2020. This property was built in 1980. 1620 W University Dr Unit 7 & 8 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

Nearby Homes