NOT LISTED FOR SALE

2259 W Broadway Rd Mesa, AZ 85202

West Central Mesa Neighborhood

Estimated Value: $779,067

-- Bed
-- Bath
2,402 Sq Ft
$324/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $630,000 $262 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,452/month

147 Days on Market

Highlights

  • 0.34 Acre Lot
  • Wood Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Central Air

About This Home

As of September 2022

Impeccable opportunity situated at a signalized intersection with street frontage on the busy street of Broadway Rd. The property is conveniently located directly across from Broadway Commerce Park, along with surrounding multi-family and residential. This free-standing building consists of 2,402 SF. One side of the building is occupied by a convenience store tenant whom is currently paying $2,309.46 with a 5% annual escalation. The other side is a newly renovated office space consisting of 4 private offices, a reception area, common area, and break room. The office space is currently occupied at $1,750.00 NNN through 04/30/23. Roof and 1 HVAC unit both replaced in 2021. **DO NOT DISTURB TENANTS*

Last Agent to Sell the Property

Celeste Hernandez

Century 21 Arizona Foothills License #SA681156000 Listed on: 09/07/2022

Last Buyer's Agent

TJ Zaharis

COBE Real Estate, Inc. License #BR577140000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,406

Year Built

  • Built in 1971

Lot Details

  • 0.34 Acre Lot
  • Property is zoned LC

Home Design

  • Wood Frame Construction
  • Block Exterior

Interior Spaces

  • 2,402 Sq Ft Home
  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 2259
  • Assessor Parcel Number 134-39-006-L

Community Details

Amenities

  • Reception Area

Building Details

  • Operating Expense $4,406
  • Gross Income $48,714
  • Net Operating Income $44,308

Property Details

Property Type

Other

Est. Annual Taxes

$4,406

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Broadway Rd and Dobson Rd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2021
  • Directions: From Dobson, turn West on Broadway Rd, property in SE corner of Broadway Rd and Valencia
  • Lot Size Acres: 0.34
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: L
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Wood
  • Living Area: 2402.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved, Free
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features Paved Parking: Yes
  • Parking Features Free: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air
  • Heating: Heat Pump
  • Green Building Features: Reception Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 15000.0
  • Parcel #: 134-39-006-L
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 48713.52
  • Property Net Operating Income: 44307.52
  • Annual Operating Expense: 4406.0

Tax Info

  • Tax Annual Amount: 4406.0
  • Tax Book Number: 134.00
  • Tax Lot: 2259
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2023
Sold by
Haedod Llc
Bought by
Idolina Investments Llc
Current Estimated Value
$779,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$345,883
Interest Rate
7.79%
Mortgage Type
Seller Take Back
Estimated Equity
$432,204

Purchase Details

Listed on
Sep 7, 2022
Closed on
Sep 6, 2022
Sold by
Cjs Of Arizona Llc
Bought by
Haedod Llc
Seller's Agent
Celeste Hernandez
Century 21 Arizona Foothills
Buyer's Agent
TJ Zaharis
COBE Real Estate, Inc.
List Price
$765,000
Sold Price
$630,000
Premium/Discount to List
-$135,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%

Purchase Details

Closed on
Mar 18, 2016
Sold by
Malik Philip
Bought by
Cjs Of Arizona Llc

Purchase Details

Closed on
Apr 14, 2005
Sold by
Malik Diyolin
Bought by
Malik Philip M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 1998
Sold by
Store Properties Company
Bought by
Circle K Stores Inc
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
Idolina Investments Llc $750,000 Empire Title Agency
Haedod Llc $630,000 --
Cjs Of Arizona Llc -- None Available
Malik Philip M -- Lawyers Title Ins
Malik Philip M $345,000 Lawyers Title Ins
Circle K Stores Inc $162,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Idolina Investments Llc $350,000
Previous Owner Malik Philip M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2022 09/13/22 Sold $630,000 -10.0% $262 / Sq Ft
09/07/2022 09/07/22 Price Changed $700,000 0.0% $291 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
06/02/2022 06/02/22 Price Changed $700,000 -8.5% $291 / Sq Ft
03/09/2022 03/09/22 For Sale $765,000 -- $318 / 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 $4,042 $39,926 -- --
2024 $4,198 $39,213 -- --
2023 $4,198 $63,019 $39,185 $23,834
2022 $4,232 $59,185 $37,275 $21,910
2021 $4,406 $60,318 $38,340 $21,978
2020 $4,349 $51,210 $29,484 $21,726
2019 $4,063 $46,872 $26,226 $20,646
2018 $3,900 $42,876 $23,004 $19,872
2017 $3,783 $40,248 $21,294 $18,954
2016 $3,713 $35,622 $18,522 $17,100
2015 $3,587 $29,157 $15,966 $13,191
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Celeste Hernandez

    Century 21 Arizona Foothills

  • TJ Zaharis

    Buyer's Agent in 2022

    TJ Zaharis

    COBE Real Estate, Inc.

    (480) 222-0576

    1 in this area

    15 Total Sales

    TJ Zaharis
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6368695

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-39-006L

Arizona Maricopa County Mesa 85202 West Central Mesa

2259 W Broadway Rd, Mesa, AZ

This home is located at 2259 W Broadway Rd, Mesa, AZ 85202 since 07 September 2022 and is currently estimated at $779,067, approximately $324 per square foot. This property was built in 1971. 2259 W Broadway Rd is a home located in Maricopa County with nearby schools including Roosevelt 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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