NOT LISTED FOR SALE

1850 E Main St Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $1,565,474

Studio
-- Bath
1,954 Sq Ft
$801/Sq Ft Est. Value

Last Sold February 23, 2015

Last sale price $725,000 $371 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $9,020/month

335 Days on Market

Highlights

  • 2.02 Acre Lot
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of February 2015

Light Rail Development Opportunity, 2 acre parcel with multi family potential. Property located near future light rail line. Priced to sell at $11 square foot.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 02/27/2014

Last Buyer's Agent

Yayu Khoe-Yuen

HomeSmart License #SA647980000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,956

Year Built

  • Built in 1970

Lot Details

  • 2.02 Acre Lot
  • Chain Link Fence
  • Additional Parcels
  • Property is zoned GC

Interior Spaces

  • 1,954 Sq Ft Home
  • Concrete Flooring

Community Details

  • 4 Buildings

Listing and Financial Details

  • Assessor Parcel Number 138-04-005-G

Property Details

Property Type

Other

Est. Annual Taxes

$8,956

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Main Street & Gilbert Road
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: GC
  • Current Use: Automobile
  • Number Of Buildings: 4
  • Year Built: 1970
  • Tax Year: 2013
  • Lot Size Acres: 2.02
  • Structure Type: Commercial
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Other, See Remarks
  • Roof: Rolled/Hot Mop
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: None
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 88035.0
  • Additional Parcels: Yes
  • Parcel #: 138-04-005-G
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8955.5
  • Tax Book Number: 138.00
  • Tax Lot: 0
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2017
Sold by
Sunrise Business Center Inc
Bought by
1850 E Main St Llc
Current Estimated Value
$1,565,474

Purchase Details

Listed on
Feb 27, 2014
Closed on
Feb 19, 2015
Sold by
Price Joe E
Bought by
Sun Rise Business Center Inc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Yayu Khoe-Yuen
HomeSmart
List Price
$968,385
Sold Price
$725,000
Premium/Discount to List
-$243,385
-25.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
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

Date Buyer Sale Price Title Company
1850 E Main St Llc -- None Available
Sun Rise Business Center Inc $725,000 Old Republic Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2015 02/23/15 Sold $725,000 -25.1% $371 / Sq Ft
01/28/2015 01/28/15 Pending -- -- --
02/27/2014 02/27/14 For Sale $968,385 -- $496 / 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 $10,006 $101,417 -- --
2024 $10,664 $99,606 -- --
2023 $10,664 $150,399 $85,510 $64,889
2022 $10,750 $125,668 $66,028 $59,640
2021 $11,192 $129,276 $67,914 $61,362
2020 $11,046 $121,500 $74,736 $46,764
2019 $10,321 $111,744 $66,510 $45,234
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2015

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    119 Total Sales

    Don Mortensen
    Section Image
  • Yayu Khoe-Yuen

    Buyer's Agent in 2015

    Yayu Khoe-Yuen

    HomeSmart

    (602) 214-9793

    1 Total Sale

    Yayu Khoe-Yuen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5076406

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-04-005K

Arizona Maricopa County Mesa 85203 Reed Park

1850 E Main St, Mesa, AZ

Not Listed for Sale

Other

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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