NOT LISTED FOR SALE

342 N Val Vista Dr Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $2,626,521

-- Bed
-- Bath
8,218 Sq Ft
$320/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $2,325,000 $283 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $15,666/month

57 Days on Market

Highlights

  • 1.79 Acre Lot
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2023

- 100% Occupied Multi-Tenant Office- Three (3) Tenants - Physical Therapist, Dentist, and Yoga Pulse Studio- PT & Dentist have brand new ten (10) Year Leases- Large dedicated parking lot with a ratio of 8/1,000 SF- Zoned LC, City of Mesa- APN 140-21-009S

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 02/01/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $21,858

Year Built

  • Built in 2006

Lot Details

  • 1.79 Acre Lot
  • Property is zoned LC

Home Design

  • 8,218 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Operating Expense $21,858

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 140-21-009-S

Property Details

Property Type

Other

Est. Annual Taxes

$21,858

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: E University Dr & N Val Vista Dr
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2006
  • Tax Year: 2022
  • Lot Size Acres: 1.79
  • Structure Type: Office
  • Tax Parcel Letter: S
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 8218.0

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: Other
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 77991.0
  • Parcel #: 140-21-009-S
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 21858.0

Tax Info

  • Tax Annual Amount: 21858.0
  • Tax Book Number: 140.00
  • Tax Lot: 1
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2024
Sold by
Fausta Giorgi Trust and Giorgi Fausta
Bought by
Facg Llc
Current Estimated Value
$2,626,521

Purchase Details

Closed on
May 2, 2023
Sold by
Fausta Giorgi Trust
Bought by
Fausta Ann Giorgi Trust

Purchase Details

Listed on
Feb 1, 2023
Closed on
Feb 8, 2023
Sold by
Fw Investments Llc
Bought by
Fausta Giorgi Trust
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,400,000
Sold Price
$2,325,000
Premium/Discount to List
-$75,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.37%

Purchase Details

Closed on
Aug 31, 2011
Sold by
Enterprise Bank & Trust
Bought by
Fw Investments Llc

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
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2011
Sold by
University Val Vista Sandhurst Investors
Bought by
Enterprise Bank & Trust

Purchase Details

Closed on
Dec 22, 2008
Sold by
Universityvalvista Investors Llc
Bought by
University Val Vista Sandhurst Investors

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.6%
Mortgage Type
Commercial
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
Facg Llc -- None Listed On Document
Fausta Ann Giorgi Trust -- None Listed On Document
Fausta Giorgi Trust $2,325,000 First American Title Insurance
Fw Investments Llc $700,000 Thomas Title & Escrow
Enterprise Bank & Trust $875,000 None Available
University Val Vista Sandhurst Investors -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fw Investments Llc $350,000
Previous Owner University Val Vista Sandhurst Investors $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2023 02/08/23 Sold $2,325,000 -3.1% $283 / Sq Ft
02/01/2023 02/01/23 Price Changed $2,400,000 0.0% $292 / Sq Ft
01/23/2023 01/23/23 Price Changed $2,400,000 0.0% $292 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
10/24/2022 10/24/22 For Sale $2,400,000 -- $292 / 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 $20,890 $202,833 -- --
2024 $21,685 $199,211 -- --
2023 $21,685 $300,288 $100,147 $200,141
2022 $21,858 $261,310 $75,355 $185,955
2021 $22,684 $265,896 $77,508 $188,388
2020 $22,380 $257,166 $68,724 $188,442
2019 $20,929 $243,234 $62,478 $180,756
2018 $20,072 $236,826 $60,858 $175,968
2017 $19,481 $211,860 $56,340 $155,520
2016 $19,040 $190,260 $50,310 $139,950
2015 $18,440 $150,091 $45,714 $104,377
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6481132

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-21-009S

Arizona Maricopa County Mesa 85213 The Groves

342 N Val Vista Dr, Mesa, AZ

This home is located at 342 N Val Vista Dr, Mesa, AZ 85213 since 01 February 2023 and is currently estimated at $2,626,521, approximately $319 per square foot. This property was built in 2006. 342 N Val Vista Dr is a home located in Maricopa County with nearby schools including Highland 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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