NOT LISTED FOR SALE

Estimated Value: $313,721

3 Beds
2 Baths
1,220 Sq Ft
$257/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $145,000 $119 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,899/month

77 Days on Market

Highlights

  • Gated Community
  • Community Kitchen
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Security Fence

About This Home

As of November 2015

Downtown Mesa house converted to office with gated & private yard. Includes: 4 offices, conference rm, reception with built-in desk, copy/file rm, 2 restrooms and kitchen. Pre-wired for computer network & phones. Has alarm system. Out back is a gated concrete yard with 4-car covered parking and room to park equipment. Adjacent fenced lot on west available for rent to expand space for equipment/vehicles/storage. EXCELLENT location for business that needs a secure yard. **INVESTOR ALERT** The property makes for a solid investment with good rental cash flow income. Current month-to-month tenant can be kept or vacated.

Last Agent to Sell the Property

John Payne

United CountryReal Estate-Arizona Property & Auction License #BR527355000 Listed on: 08/19/2015

Last Buyer's Agent

John Payne

United CountryReal Estate-Arizona Property & Auction License #BR527355000 Listed on: 08/19/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,909

Year Built

  • Built in 1935

Lot Details

  • 7,782 Sq Ft Lot
  • Security Fence
  • Chain Link Fence
  • Property is zoned C-DTI

Home Design

  • 1,220 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 138-54-040

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $1,909
  • Gross Income $12,000
  • Net Operating Income $10,091

Additional Features

  • Located In Mesa's Downtown District One Block South Of Main St Near Light Rail Stop. Subdivision
  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$1,909

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: Main & Country Club:
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-DTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1935
  • Tax Year: 2014
  • Directions: Go east from Country Club two blocks to Robson, south on Robson, west on Mahoney, property is on the north side.
  • Lot Size Acres: 0.18
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Subdivision Name: Located in Mesa's downtown district one block south of Main St - near light rail stop.
  • Structure Type: Commercial, Office
  • Electric 220: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Living Area: 1220.0

Exterior Features

  • Fencing: Security, Chain Link
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Private Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 220 Volts, City Electric
  • Cooling: Heat Pump, Office A/C, Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Conference Room, Reception Room, Kitchen, Security Gate
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 7782.0
  • Parcel #: 138-54-040
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 12000.0
  • Property Net Operating Income: 10091.0
  • Annual Operating Expense: 1909.0

Tax Info

  • Tax Annual Amount: 1909.0
  • Tax Book Number: 138.00
  • Tax Lot: 4
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2015
Closed on
Dec 1, 2015
Sold by
Dbg Powerwash Llc
Bought by
Ee Anderson Properties Llc
Seller's Agent
John Payne
United CountryReal Estate-Arizona Property & Auction
Buyer's Agent
John Payne
United CountryReal Estate-Arizona Property & Auction
List Price
$100,000
Sold Price
$145,000
Premium/Discount to List
$45,000
45%
Current Estimated Value
$313,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,721
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
May 30, 2015
Sold by
Russell Thomas G and Russell Crystal A
Bought by
Dbg Powerwash Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2014
Sold by
Cummard Hazel A and Larson Gary B
Bought by
Russell Thomas G and Russell Crystal A

Purchase Details

Closed on
Nov 30, 2009
Sold by
West Mahoney Llc
Bought by
Russell Thomas G and Russell Crystal A

Purchase Details

Closed on
Jun 28, 2004
Sold by
Rutherford Carol Sue and The Rutherford Family Trust
Bought by
West Mahoney Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2001
Sold by
Rutherford Carol Sue and Rutherford Family Trust
Bought by
Rutherford Carol Sue
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
Ee Anderson Properties Llc $145,000 Chicago Title Agency Inc
Dbg Powerwash Llc $125,000 Chicago Title Agency Inc
Russell Thomas G -- Chicago Title Agency Inc
Russell Thomas G -- None Available
Russell Thomas G -- None Available
West Mahoney Llc $60,000 First American Title Ins Co
Rutherford Carol Sue -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dbg Powerwash Llc $122,500
Previous Owner West Mahoney Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2015 11/30/15 Sold $145,000 +45.0% $119 / Sq Ft
10/21/2015 10/21/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $100,000 -- $82 / 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 $2,270 $15,872 -- --
2024 $2,332 $15,589 -- --
2023 $2,332 $32,810 $19,227 $13,583
2022 $2,345 $30,083 $20,598 $9,485
2021 $2,273 $26,244 $21,186 $5,058
2020 $2,251 $22,518 $16,974 $5,544
2019 $2,137 $18,576 $14,994 $3,582
2018 $2,072 $22,824 $10,890 $11,934
2017 $2,026 $23,652 $10,080 $13,572
2016 $1,992 $14,940 $8,766 $6,174
2015 $1,932 $11,267 $5,125 $6,142
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5323075

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-54-040