NOT LISTED FOR SALE

1900 W University Dr Unit 131 Tempe, AZ 85281

West Tempe Neighborhood

Estimated Value: $14,147,422

-- Bed
-- Bath
64,651 Sq Ft
$219/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $6,292 $0 Per Sq Ft

Est. 224,748% increase in value since last sale

Current estimated payment $85,004/month

39 Days on Market

Highlights

  • 4.37 Acre Lot
  • Central Air
  • Heating unit installed on the ceiling
  • Elevator

About This Home

As of December 2022

Suite 131 is located on the first floor, to the right of the door. Great location with a ton of natural light. Furniture is included with the sublease with the exception of the printer and 2 chairs. Those can be purchased with a separate bill of sale.

Last Agent to Sell the Property

Brett Nicholas

RE/MAX Fine Properties License #SA687827000 Listed on: 10/10/2022

RE/MAX Fine Properties

Last Buyer's Agent

Brett Nicholas

RE/MAX Fine Properties License #SA687827000 Listed on: 10/10/2022

RE/MAX Fine Properties

Property Details

Property Type

  • Other

Year Built

  • Built in 1988

Lot Details

  • 4.37 Acre Lot
  • Property is zoned GID

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Community Details

  • Oliver Mcmillan Business Center Lot 1 6 Subdivision
  • Elevator

Listing and Financial Details

  • Property Available on 10/10/22
  • Tax Lot 1
  • Assessor Parcel Number 124-38-242

Property Details

Property Type

Other

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Cross Street: 52nd St & University Dr
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: GID
  • Current Use: Office
  • Lease Info Annual Lease Price: 6292.0
  • Lease Info Annual Lse Prc P S F: 24.75
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 28 months
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: 1
  • Lease Info Suite Size Avail Max: 3051
  • Year Built: 1988
  • Tax Year: 2022
  • Lot Size Acres: 4.37
  • Road Surface Type: Asphalt
  • Subdivision Name: OLIVER MCMILLAN BUSINESS CENTER LOT 1-6
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Other, See Remarks
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: 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

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Ceiling
  • Green Building Features: Public Elevator(s)
  • Water Source: City Franchise
  • Heating:Ceiling: Yes

Association/Amenities

  • Amenities:Public Elevator(s): Yes

Lot Info

  • Lot Size Sq Ft: 190527.0
  • Additional Parcels: No
  • Parcel #: 124-38-242
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2022-10-10

Multi Family

  • Leasable Area: 3051.0

Tax Info

  • Tax Annual Amount: 124127.0
  • Tax Book Number: 124.00
  • Tax Lot: 1
  • Tax Map Number: 38.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2005
Sold by
Castle & Cooke North American Cmrcl Inc
Bought by
Msc Tempe Llc
Current Estimated Value
$14,147,422

Purchase Details

Closed on
Jan 1, 2001
Sold by
Castle & Cooke North American Cmrcl Lp
Bought by
Castle & Cooke North American Cmrcl Inc

Purchase Details

Closed on
Dec 11, 1997
Sold by
Lanai Company Inc
Bought by
Castle & Cooke North American Cmrcl Lp

Purchase Details

Closed on
Dec 7, 1995
Sold by
Mega Properties Partnership
Bought by
Hawaii Newsub Inc
Source: Public Records

Range of Values:

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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
Msc Tempe Llc $8,455,000 Chicago Title Insurance Co
Castle & Cooke North American Cmrcl Inc -- --
Castle & Cooke North American Cmrcl Lp $6,090,000 First American Title
Hawaii Newsub Inc $6,090,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $6,292 0.0% $0 / Sq Ft
10/07/2022 10/07/22 For Sale $6,292 -- $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 $123,498 $1,069,075 -- --
2024 $125,706 $1,049,985 -- --
2023 $125,706 $2,122,841 $170,918 $1,951,923
2022 $124,127 $1,659,981 $271,793 $1,388,188
2021 $128,557 $1,656,936 $255,492 $1,401,444
2020 $124,654 $1,581,498 $216,072 $1,365,426
2019 $122,290 $1,453,122 $185,310 $1,267,812
2018 $119,252 $1,343,304 $222,804 $1,120,500
2017 $115,703 $1,246,320 $206,298 $1,040,022
2016 $114,888 $1,142,244 $191,016 $951,228
2015 $113,411 $1,009,046 $217,338 $791,708
Source: Public Records

Agents Affiliated with this Home

  • Brett Nicholas

    Seller's Agent in 2022

    Brett Nicholas

    RE/MAX

    (602) 527-2929

    1 in this area

    43 Total Sales

    Brett Nicholas
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6475248

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-38-242

Arizona Maricopa County Tempe 85281 West Tempe

1900 W University Dr Unit 131, Tempe, AZ

This home is located at 1900 W University Dr Unit 131, Tempe, AZ 85281 since 10 October 2022 and is currently estimated at $14,147,422, approximately $218 per square foot. This property was built in 1988. 1900 W University Dr Unit 131 is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High 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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