$2,250
SOLD APR 1, 2014

1901 E University Dr Unit 200 Mesa, AZ 85203

North Central Mesa Neighborhood
-- Bed
-- Bath
4,917 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$0 Per Sq Ft

13% Below List Price

137 Days on Market

About This Home

As of June 2016

This home is located at 1901 E University Dr Unit 200, Mesa, AZ 85203 and is currently priced at $2,250, approximately $0 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.

Last Agent to Sell the Property

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000 Listed on: 10/17/2013

Keller Williams Realty East Valley

Last Buyer's Agent

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000 Listed on: 10/17/2013

Keller Williams Realty East Valley

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,661

Year Built

  • Built in 1981

Lot Details

  • Property is zoned C-G

Parking

  • 20 Open Parking Spaces
  • 22 Parking Spaces
  • 2 Covered Spaces

Community Details

  • Executive Square Office Park Subdivision

Listing and Financial Details

  • Property Available on 10/17/13
  • Tax Lot C
  • Assessor Parcel Number 138-68-130

Property Details

Property Type

Other

Est. Annual Taxes

$4,661

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Gilbert Road & University
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-G
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 30987.0
  • Lease Info Annual Lse Prc P S F: 11.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 2817
  • Year Built: 1981
  • Tax Year: 2013
  • Directions: At Corner of Gilbert and University, turn west. Unit is located approx. 1/2 block and on Southside of University.
  • Subdivision Name: Executive Square Office Park
  • Structure Type: Commercial, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 138-68-130

Rental Info

  • Available Date: 2013-10-17

Multi Family

  • Leasable Area: 2817.0

Tax Info

  • 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 Type Sale Price Title Company
Special Warranty Deed $554,000 Chicago Title Agency
Special Warranty Deed $350,000 American Title Svc Agency Ll
Warranty Deed $550,000 Security Title Agency
Warranty Deed $132,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $503,000 Commercial
Previous Owner $280,000 Commercial
Previous Owner $385,000 Commercial
Previous Owner $128,608 Commercial
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5016397

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-68-130