NOT LISTED FOR SALE

1901 E University Dr Unit 200 Mesa, AZ 85203

North Central Mesa Neighborhood

Estimated Value: $665,874

-- Bed
-- Bath
4,917 Sq Ft
$135/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $350,000 $71 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,918/month

264 Days on Market

Highlights

  • Meeting Room
  • Computer Room
  • Concrete Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heating Available

About This Home

As of June 2016

Great Commercial Office Building in highly desired area. Property has two suites, one vacant and available for lease now and another that is currently leased out on a short term basis. This building is perfect for an owner user that is looking to occupy one or both sizes. Property is available for lease or sale, and seller carryback option is available. Space features windowed offices, stately conference rooms and covered parking.

Last Agent to Sell the Property

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000 Listed on: 07/31/2015

Keller Williams Realty East Valley

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,639

Year Built

  • Built in 1981

Lot Details

  • 4,888 Sq Ft Lot
  • Property is zoned Commerical

Home Design

  • Built-Up Roof
  • Stucco

Interior Spaces

  • 4,917 Sq Ft Home
  • Computer Room
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 24 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tax Lot C
  • Assessor Parcel Number 138-68-130

Community Details

Overview

  • Building Dimensions are 4917
  • Executive Square Office Park Subdivision

Amenities

  • Meeting Room
  • Reception Area

Property Details

Property Type

Other

Est. Annual Taxes

$6,639

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: University/Gilbert
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: Commerical
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2014
  • Directions: West on University on south side of Road
  • Lot Size Acres: 0.11
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: EXECUTIVE SQUARE OFFICE PARK
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Stucco
  • Roof: Built-Up
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Master Meter, Underground, SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Computer Room
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Computer Room: Yes

Lot Info

  • Lot Size: 4917
  • Lot Size Sq Ft: 4888.0
  • Additional Parcels: No
  • Parcel #: 138-68-130
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6639.0
  • Tax Book Number: 138.00
  • Tax Lot: C
  • Tax Map Number: 68.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Mountain View Traders Llc
Bought by
Sugarland Properties Llc
Current Estimated Value
$665,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,000
Outstanding Balance
$454,689
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$210,383

Purchase Details

Listed on
Jul 31, 2015
Closed on
May 31, 2016
Sold by
1901 University Llc
Bought by
Mountain View Traders Llc
Seller's Agent
Hani Aldulaimi
Keller Williams Realty East Valley
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$280,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2004
Sold by
Inca Investments Inc
Bought by
1901 University Llc and Houston Creek Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1994
Sold by
University 4
Bought by
Inca Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,608
Interest Rate
8.55%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Sugarland Properties Llc $554,000 Chicago Title Agency
Mountain View Traders Llc $350,000 American Title Svc Agency Ll
1901 University Llc $550,000 Security Title Agency
Inca Investments Inc $132,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sugarland Properties Llc $503,000
Previous Owner Mountain View Traders Llc $280,000
Previous Owner 1901 University Llc $385,000
Previous Owner Inca Investments Inc $128,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2016 06/10/16 Sold $350,000 -12.3% $71 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
07/29/2015 07/29/15 For Sale $399,000 +17633.3% $81 / Sq Ft
04/01/2014 04/01/14 Sold $2,250 -12.8% $0 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
10/17/2013 10/17/13 For Sale $2,580 -- $1 / 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 $4,661 $46,049 -- --
2024 $4,842 $45,227 -- --
2023 $4,842 $70,635 $8,381 $62,254
2022 $4,881 $78,890 $10,570 $68,320
2021 $5,082 $72,792 $10,872 $61,920
2020 $5,016 $67,248 $9,216 $58,032
2019 $4,686 $43,578 $8,514 $35,064
2018 $4,498 $40,716 $6,012 $34,704
2017 $4,364 $35,064 $5,562 $29,502
2016 $4,631 $36,108 $4,968 $31,140
2015 $6,810 $55,704 $9,972 $45,732
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2016

    Hani Aldulaimi

    Keller Williams Realty East Valley

    (480) 839-6600

    1 in this area

    31 Total Sales

    Hani Aldulaimi
    Section Image

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5314628

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-68-130

Arizona Maricopa County Mesa 85203 North Central Mesa

1901 E University Dr Unit 200, Mesa, AZ

This home is located at 1901 E University Dr Unit 200, Mesa, AZ 85203 since 31 July 2015 and is currently estimated at $665,874, approximately $135 per square foot. This property was built in 1981. 1901 E University Dr Unit 200 is a home located in Maricopa County with nearby schools including Michael T. Hughes 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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