NOT LISTED FOR SALE

1725 E University Dr Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $364,973

Studio
1 Bath
1,527 Sq Ft
$239/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2019

Last sale price $215,000 $141 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,148 / mo

7 Days on Market

Highlights

  • Community Kitchen
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heat Pump System

About This Home

As of February 2019

Great opportunity to own a completely renovated building in downtown Mesa. Half mile from light rail. Convenient location with parking space. Can be 3 suites or one office with lobby, 3 private offices, kitchen area and private bathroom. Newer cabinets in break room. Newer flooring throughout. Newer HVAC system. This office lends itself to be perfect for accounting firm, insurance, real estate, executive space. Perfect for Owner/User.

Last Agent to Sell the Property

Mark Toon

RE/MAX Premier License #BR005653000 Listed on: 01/16/2019

Co-Listed By

Andrea Toon

RE/MAX Premier License #SA647837000

Last Buyer's Agent

Claudia Benitez

My Home Group Real Estate License #SA567373000

My Home Group Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,501

Year Built

  • Built in 1961

Lot Details

  • 7,130 Sq Ft Lot
  • Property fronts an alley
  • Partially Fenced Property
  • Property is zoned CO

Home Design

  • 1,527 Sq Ft Home
  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 138-67-077

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Paradise Parkway 2 Subdivision
  • Operating Expense $2,501

Property Details

Property Type

Other

Est. Annual Taxes

$2,501

Year Built

Built in 1961

Lot Details

7,130 Sq Ft Lot

Listing Details

  • Cross Street: Gilbert/University Dr.
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: CO
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2018
  • Lot Size Acres: 0.16
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: rmal01
  • Co List Office Phone: 480-892-5300
  • Subdivision Name: PARADISE PARKWAY 2
  • Structure Type: Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Living Area: 1527.0

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C, Office A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

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

Lot Info

  • Lot Size Sq Ft: 7130.0
  • Parcel #: 138-67-077
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 2501.0

Tax Info

  • Tax Annual Amount: 2501.0
  • Tax Book Number: 138.00
  • Tax Lot: 37
  • Tax Map Number: 67.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2019
Sold by
Bought by
Current Estimated Value
$364,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,400
Interest Rate
0.039%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 16, 2019
Closed on
Feb 1, 2019
Sold by
Bought by
Seller's Agent
Mark Toon
RE/MAX Premier
Buyer's Agent
Claudia Benitez
My Home Group Real Estate
List Price
$210,000
Sold Price
$215,000
Premium/Discount to List
$5,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$172,000
Interest Rate
0.045%
Mortgage Type
Construction
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Driggs Title Agency Inc
$215,000 Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $260,000
Closed $181,400
Closed $172,000
Closed $150,000
Closed $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/14/2019 02/14/19 Sold $215,000 +2.4% $141 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
01/16/2019 01/16/19 For Sale $210,000 -- $138 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,526 $25,601 -- --
2024 $2,692 $25,144 -- --
2023 $2,692 $34,051 $13,855 $20,196
2022 $2,714 $38,133 $16,905 $21,228
2021 $2,825 $33,642 $17,388 $16,254
2020 $2,789 $34,182 $11,988 $22,194
2019 $2,605 $22,464 $11,934 $10,530
2018 $2,501 $23,130 $10,440 $12,690
2017 $2,426 $19,494 $9,666 $9,828
2016 $2,609 $20,520 $8,640 $11,880
2015 $2,520 $20,240 $6,753 $13,487
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Mark Toon

    RE/MAX

  • A

    Seller Co-Listing Agent in 2019

    Andrea Toon

    RE/MAX

  • Claudia Benitez

    Buyer's Agent in 2019

    Claudia Benitez

    My Home Group Real Estate

    (623) 205-5756

    58 Total Sales

    Claudia Benitez
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5868533

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-67-077

Arizona Maricopa County Mesa 85203 Reed Park

1725 E University Dr, Mesa, AZ

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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