$1,500
SOLD MAR 15, 2014
-- Bed
-- Bath
1,503 Sq Ft
7,155 Sq Ft Lot

Recently Sold

$1 Per Sq Ft

17% Below List Price

68 Days on Market

Highlights

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

About This Home

As of July 2015

Amazing commercial & residential opportunity. This property is zoned DB-1 and is located in a high traffic commercial business area near downtown Mesa. The lot has 75 feet of frontage on Broadway Road. There is paved parking in front with 6 parking spaces. The 1852 sq. foot building was recently remodeled by the previous owners and built of solid block construction. The shop area in the front is approx 600 sq. feet and the remodeled apartment in the back is approx 1252 sq ft and consist living room, kitchen, bathroom, 2 bedrooms and a 2 room basement. This is an ideal location for a business owner who would like to live onsite or provide housing for employee. The full building can be used for commercial use if ideal for tenant.

Last Agent to Sell the Property

Jorge Quijada

Arizona Proper Real Estate LLC License #SA648292000 Listed on: 01/06/2014

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1945

Lot Details

  • 7,155 Sq Ft Lot
  • Chain Link Fence
  • Additional Parcels
  • Property is zoned DB-1

Home Design

  • Block Exterior

Interior Spaces

  • 1,503 Sq Ft Home
  • Concrete Flooring
  • Basement

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Community Kitchen

Listing and Financial Details

  • Property Available on 1/6/14
  • Tenant pays for electricity, gas, water, common area maintenance, parking area maint
  • The owner pays for property taxes, bldg liability ins, trash
  • Tax Lot 1
  • Assessor Parcel Number 139-36-028

Property Details

Property Type

Other

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Broadway Road & Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: DB-1
  • Number Of Buildings: 1
  • Lease Info Base Rent Escalation: No
  • Lease Info Lease Year Min Max: 12 month min
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 0
  • Year Built: 1945
  • Tax Year: 2013
  • Directions: Exit US-60 and travel south until Broadway Road. Take left on Broadway Road and property immediately located on south side of the road.
  • Lot Size Acres: 0.16
  • Road Surface Type: Asphalt
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1503.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Tenant Pays:Parking Area Maint: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Green Building Features: Basement, Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Basement: Yes

Lot Info

  • Lot Size Sq Ft: 7155.0
  • Additional Parcels: Yes
  • Parcel #: 139-36-028
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2014-01-06

Multi Family

  • Owner Pays: Property Taxes, Bldg Liability Ins, Trash
  • Tenant Pays: Electricity, Gas, Water, Common Area Maintenance, Parking Area Maint
  • Existing Lease Type: Gross

Tax Info

  • Tax Annual Amount: 1269.66
  • 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
$367,426

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
12.67%
Original Mortgage
$63,000
Outstanding Balance
$50,138
Interest Rate
3.98%
Mortgage Type
Commercial
Estimated Equity
$310,937

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: 5049255

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-028B