NOT LISTED FOR SALE

Estimated Value: $315,797 - $358,000

-- Bed
1 Bath
1,128 Sq Ft
$305/Sq Ft Est. Value

Last Sold April 02, 2018

Last sale price $167,000 $148 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $1,918/month

74 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of April 2018

Historic home in Down Town Mesa. Zoning allows for both commercial and residential use. Fully remodeled in 2003, including new wiring, new plumbing, and HVAC. Owner willing to make additional improvements prior to closing. This home can be an ideal fit for a Live Work Space. Close to downtown Mesa's amenities including the Mesa Arts Center, Restaurants, and light rail. Down Town Mesa is improving rapidly, don’t miss this this great opportunity. Come tour today.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 12/15/2017

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $808

Year Built

  • Built in 1935

Lot Details

  • 6,364 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned CTC

Home Design

  • 1,128 Sq Ft Home
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Riggs Tract Subdivision
  • Operating Expense $808

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 138-53-050

Property Details

Property Type

Other

Est. Annual Taxes

$808

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: Country Club and 1st Ave
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: CTC
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1935
  • Tax Year: 2017
  • Directions: East on 1st Ave to property on South side of street.
  • Lot Size Acres: 0.15
  • Subdivision Name: RIGGS TRACT
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 6364.0
  • Additional Parcels: No
  • Parcel #: 138-53-050
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 808.0

Tax Info

  • Tax Annual Amount: 808.0
  • Tax Book Number: 138.00
  • Tax Lot: 2
  • Tax Map Number: 53.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2019
Sold by
Mortensen Gregory
Bought by
Mortensen Don T
Current Estimated Value
$344,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2019
Sold by
Mortensen Melissa L
Bought by
Mortensen Don T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2019
Sold by
Mortensen Kristen A
Bought by
Mortensen Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2019
Sold by
Mortensen Gregory
Bought by
Mortensen Gregory and Mortensen Don T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 15, 2017
Closed on
Mar 22, 2018
Sold by
Mortensen Kirsten
Bought by
Mortensen Greg
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$179,900
Sold Price
$167,000
Premium/Discount to List
-$12,900
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$133,600
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2002
Sold by
Jdc Investments Llc
Bought by
L & Y Ventures Llc

Purchase Details

Closed on
Jul 23, 2002
Sold by
Acy Scott B
Bought by
Jdc Investments

Purchase Details

Closed on
Jul 11, 1995
Sold by
Dunlap Arthur F and Ferris Dunlap A
Bought by
Acy Scott B
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mortensen Don T -- Magnus Title Agency Llc
Mortensen Don T -- Magnus Title Agency Llc
Mortensen Gregory -- Magnus Title Agency Llc
Mortensen Gregory -- Magnus Title Agency Llc
Mortensen Greg -- Old Republic Title Agency
Mortensen Gregory $167,000 Old Republic Title Agency
L & Y Ventures Llc -- --
Jdc Investments $70,000 Fidelity National Title Ins
Acy Scott B -- Lawyers Title Of Arizona Inc
Acy Scott B -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mortensen Don T $141,800
Closed Mortensen Don T $139,500
Closed Mortensen Gregory $133,600
Previous Owner Bennett Brad $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2018 04/02/18 Sold $167,000 -5.1% $148 / Sq Ft
04/02/2018 04/02/18 Sold $176,000 -2.2% $156 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $179,900 0.0% $159 / Sq Ft
11/28/2017 11/28/17 For Sale $179,900 -- $159 / 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 $530 $5,405 -- --
2024 $535 $5,147 -- --
2023 $535 $21,200 $4,240 $16,960
2022 $524 $15,060 $3,010 $12,050
2021 $530 $14,070 $2,810 $11,260
2020 $523 $14,010 $2,800 $11,210
2019 $841 $9,720 $1,940 $7,780
2018 $822 $7,300 $1,460 $5,840
2017 $808 $6,430 $1,280 $5,150
2016 $798 $5,780 $1,150 $4,630
2015 $762 $4,770 $950 $3,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5698998

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-53-050