$100,000
SOLD DEC 28, 2013
-- Bed
-- Bath
1,503 Sq Ft
7,155 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

33% Below List Price

188 Days on Market

Highlights

  • Community Kitchen
  • Stone Flooring
  • Wood Fence
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • 4-minute walk to Stapley Park

About This Home

As of July 2015

This property is zoned C-TC and located in a commercial business area near downtown Mesa. The lot has 75 feet of frontage on Broadway Road and is approximately 95 feet deep. There is paved parking in front with 6 parking spaces. The 1852 sq. foot remodeled was built in 1945, is block construction and has a shop area in the front, approx 600 sq. feet and 1252 sq. feet remodeled apartment in the back with living room, kitchen, bathroom, 2 bedrooms and 350 sq. ft. new remodeled 2 room basement. Over the years this property has been used as a shoe repair business, a barber shop. For the last 10 years the property has been used as a pet grooming business. The apartment has either housed the owners or has been rented out.

Last Agent to Sell the Property

Doug Young

TCT Real Estate License #BR644170000 Listed on: 06/08/2013

Last Buyer's Agent

Jorge Quijada

Arizona Proper Real Estate LLC License #SA648292000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,410

Year Built

  • Built in 1945

Lot Details

  • 7,155 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned CT-C

Home Design

  • Block Exterior

Interior Spaces

  • 1,503 Sq Ft Home
  • Stone Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 139-36-028

Community Details

Amenities

  • Community Kitchen
  • Reception Area

Building Details

  • Operating Expense $4,760
  • Net Operating Income $3,350

Property Details

Property Type

Other

Est. Annual Taxes

$1,410

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: CT-C
  • Current Use: Mixed Use
  • Number Of Buildings: 1
  • Year Built: 1945
  • Tax Year: 2012
  • Directions: From I-60 take Broadway Road, turn left (west). Property is the 3rd commercial building on the south side of Broadway Road.
  • Lot Size Acres: 0.16
  • Road Surface Type: Asphalt
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone

Exterior Features

  • Fencing: Block, Chain Link, Wood
  • Construction Type: Block
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Block: 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:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Green Building Features: Reception Room, Kitchen, Showers - Office
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Showers - Office: Yes

Fee Information

  • Annual Fuel Expense: 800.0
  • Trash Expense: 350.0

Lot Info

  • Lot Size Sq Ft: 7155.0
  • Additional Parcels: No
  • Parcel #: 139-36-028
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 1500.0
  • Insurance Expense: 700.0
  • Property Net Operating Income: 3350.0
  • Annual Operating Expense: 4760.0

Tax Info

  • Tax Annual Amount: 1410.0
  • Tax Book Number: 139.00
  • Tax Lot: 1
  • Tax Map Number: 36.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2015
Sold by
Zarqa Investments Llc
Bought by
Zarqa Investments Llc
Current Estimated Value
$361,075

Purchase Details

Listed on
Jun 30, 2015
Closed on
Jul 28, 2015
Sold by
Chacon Lauro
Bought by
Zarqa Investments Llc
Seller's Agent
Angelika Rahney
Angie's Realty
Buyer's Agent
DW Small
Best Way Realty
List Price
$121,000
Sold Price
$108,000
Premium/Discount to List
-$13,000
-10.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$63,000
Outstanding Balance
$50,138
Interest Rate
3.98%
Mortgage Type
Commercial
Estimated Equity
$325,005

Purchase Details

Listed on
Jun 8, 2013
Closed on
Dec 27, 2013
Sold by
Ramirez Caroline B
Bought by
Chacon Lauro and Chacon Paula
Seller's Agent
Doug Young
TCT Real Estate
Buyer's Agent
Jorge Quijada
Arizona Proper Real Estate LLC
List Price
$150,000
Sold Price
$100,000
Premium/Discount to List
-$50,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $108,000 Driggs Title Agency Inc
Cash Sale Deed $100,000 American Title Service Agenc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2015 07/28/15 Sold $108,000 -10.7% $58 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $121,000 +7966.7% $65 / Sq Ft
03/15/2014 03/15/14 Sold $1,500 -16.7% $1 / Sq Ft
03/15/2014 03/15/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $1,800 -98.2% $1 / Sq Ft
12/28/2013 12/28/13 Sold $100,000 -33.3% $67 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
06/06/2013 06/06/13 For Sale $150,000 -- $100 / 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 $2,036 $20,116 -- --
2024 $2,115 $19,756 -- --
2023 $2,115 $29,461 $18,054 $11,407
2022 $2,132 $28,963 $18,148 $10,815
2021 $2,220 $29,538 $18,666 $10,872
2020 $2,191 $26,856 $16,038 $10,818
2019 $2,047 $24,538 $14,152 $10,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4949483

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-028B