NOT LISTED FOR SALE

2043 S Ellsworth Rd Mesa, AZ 85209

-- Bed
-- Bath
10,702 Sq Ft
2.02 Acres

Last Sold July 23, 2018

Last sale price $4,485,000 $419 Per Sq Ft

96 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available
  • Augusta Ranch Elementary School Rated A-
  • Partially Fenced Property

About This Home

As of July 2018

Augusta Ranch Outparcels are part of The Village at Augusta Ranch, a successful Albertsons neighborhood shopping center. The Offering includes two buildings featuring Starbucks, Cactus Valley Pools (Poolwerx), Yogi’s Grill, State Farm, Lee Eyecare Center, Sol Azteca Mexican Food Restaurant and Soda Rush.

Starbucks recently renewed their lease for 10 years and have been operating at this location since 2002, while State Farm recently renewed for 7 years and Yogi’s Grill renewed for 10 years, boboth have been in business at Augusta Ranch since 2007, proving their success at this location.

Augusta Ranch Outparcels offers stable in-place income from a strong tenant mix of both national and local tenants.

Last Agent to Sell the Property

Jack Cardon

Cardon Commercial License #BR108442000 Listed on: 02/14/2018

Last Buyer's Agent

Jack Cardon

Cardon Commercial License #BR108442000 Listed on: 02/14/2018

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $26,956

Year Built

  • Built in 2003

Lot Details

  • 2.02 Acre Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • 10,702 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 89 Open Parking Spaces
  • 89 Parking Spaces
  • Public Parking
  • Free Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 312-01-966

Community Details

Overview

  • 2 Buildings
  • Village At Augusta Ranch Subdivision

Building Details

  • Operating Expense $68,322
  • Gross Income $354,250
  • Net Operating Income $280,125

Property Details

Property Type

Other

Est. Annual Taxes

$26,956

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Baseline and Ellsworth
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2017
  • Directions: US 60 to Ellsworth. South to property. Two outparcels. One at 2043 S. Ellsworth Rd., and the other at 9265 E. Baseline Rd.
  • Lot Size Acres: 2.02
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 20076.0
  • Subdivision Name: VILLAGE AT AUGUSTA RANCH
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood, Concrete
  • Living Area: 10702.0

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: ALTA Survey Availbl
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Tile, Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 89.0
  • Total Parking Spaces: 89.0
  • General Property Description:Uncvrd Parking Spcs: 89.0
  • General Property Description:Total Parking Spcs: 89.0
  • Parking:Free: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 87991.0
  • Parcel #: 312-01-966
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 14000.0
  • Annual Gross Income: 354250.0
  • Insurance Expense: 2790.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 280125.3
  • Annual Operating Expense: 68322.0
  • Leasable Area: 10122.0

Tax Info

  • Tax Annual Amount: 26956.0
  • Tax Book Number: 312.00
  • Tax Lot: 4
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2018
Closed on
Jul 16, 2018
Sold by
Augusta Ranch Shoppes L P
Bought by
Psr Investments Llc
Seller's Agent
Jack Cardon
Cardon Commercial
Buyer's Agent
Jack Cardon
Cardon Commercial
List Price
$4,668,000
Sold Price
$4,485,000
Premium/Discount to List
-$183,000
-3.92%

Purchase Details

Closed on
Jun 24, 2016
Sold by
Tb Properties Augusta Ranch Llc
Bought by
Augusta Ranch Shoppes Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,740,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2012
Sold by
Wfc Augusta Ranch Llc
Bought by
Tb Properties Augusta Ranch Llc

Purchase Details

Closed on
Oct 26, 2010
Sold by
Augusta Pads Llc
Bought by
Wfc Augusta Ranch Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,000
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2002
Sold by
Legacy Investment Llc
Bought by
Augusta Pads Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.71%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 9, 2002
Sold by
Ar Shopdevco I Llc
Bought by
Legacy Investments Llc
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
Psr Investments Llc $4,050,000 Landmark Title Assurance Age
Augusta Ranch Shoppes Llp $2,900,000 Lawyers Title Of Arizona Inc
Tb Properties Augusta Ranch Llc $2,275,000 First American Title
Wfc Augusta Ranch Llc $2,055,000 First American Title
Augusta Pads Llc -- Chicago Title Insurance Co
Legacy Investments Llc $1,050,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Augusta Ranch Shoppes Llp $1,740,000
Previous Owner Augusta Pads Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2018 07/23/18 Sold $4,485,000 -0.1% $419 / Sq Ft
04/10/2018 04/10/18 Price Changed $4,488,800 -3.8% $419 / Sq Ft
02/14/2018 02/14/18 For Sale $4,668,000 -- $436 / 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 $9,679 $108,651 -- --
2024 $10,029 $106,711 -- --
2023 $10,029 $136,476 $78,574 $57,902
2022 $10,091 $103,163 $48,178 $54,985
2021 $10,962 $102,510 $44,838 $57,672
2020 $10,782 $103,212 $45,252 $57,960
2019 $10,085 $96,354 $38,970 $57,384
2018 $9,660 $139,410 $67,338 $72,072
2017 $11,106 $147,798 $62,352 $85,446
2016 $14,932 $143,010 $65,628 $77,382
2015 $14,072 $126,744 $66,415 $60,329
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jack Cardon

    Cardon Commercial

    (480) 278-9007

    3 Total Sales

    Jack Cardon
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5723461

Arizona Regional Multiple Listing Service (ARMLS)

APN: 312-01-966

Arizona Maricopa County Mesa 85209

2043 S Ellsworth Rd, Mesa, AZ

This home is located at 2043 S Ellsworth Rd, Mesa, AZ 85209 since 14 February 2018. This property was built in 2003. 2043 S Ellsworth Rd is a home located in Maricopa County with nearby schools including Augusta Ranch Elementary School, Desert Ridge Jr. High School, and Desert Ridge 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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