NOT LISTED FOR SALE

Estimated Value: $1,145,838

-- Bed
-- Bath
4,001 Sq Ft
$286/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $1,100,000 $275 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,680/month

36 Days on Market

Highlights

  • 0.28 Acre Lot
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of June 2023

The 414 South Grand property is a freestanding 4,000 SF industrial building with a private fenced yard. It is located in Mesa, Arizona on Broadway Road between Country Club Drive & Center Street. Access to State Route 87, the US-60, and Loop 202 Red Mountain Freeway. With rental income in place and recent exterior & interior improvements, this investment property offers stabilized income through January 2026.- NNN Lease- New exterior LED lighting -Brand new roof- Two new 5-ton HVAC systems for the warehouse

Last Agent to Sell the Property

Alex Affas, CCIM

AFFIRE, LLC License #BR670396000 Listed on: 06/08/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,102

Year Built

  • Built in 1989

Lot Details

  • 0.28 Acre Lot
  • Block Wall Fence
  • Property is zoned DB-2

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 4,001 Sq Ft Home
  • Concrete Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Private Parking

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Operating Expense $5,102
  • Gross Income $78,000
  • Net Operating Income $78,000

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 139-38-004-A

Property Details

Property Type

Other

Est. Annual Taxes

$5,102

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Cross Street: Broadway Road & Center Street
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: DB-2
  • Bay Info Bay Door Height: 12.0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1989
  • Tax Year: 2022
  • Lot Size Acres: 0.28
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Tax Parcel Letter: A
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 4001.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Private
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features Private Parking: Yes

Utilities

  • Electric: Over 220 Amp, City Electric
  • Cooling: Heat Pump, Office A/C, Warehouse A/C
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Warehouse Heated: Yes

Lot Info

  • Lot Size Sq Ft: 12310.0
  • Parcel #: 139-38-004-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 78000.0
  • Property Net Operating Income: 78000.0
  • Annual Operating Expense: 5102.0

Tax Info

  • Tax Annual Amount: 5102.0
  • Tax Book Number: 139.00
  • Tax Lot: 5
  • Tax Map Number: 38.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Jun 23, 2023
Sold by
Stapley Center Llc
Bought by
9050 North 90Th Place Llc
Seller's Agent
Alex Affas, CCIM
AFFIRE, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Current Estimated Value
$1,145,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,838
Avg. Annual Appreciation
2.34%

Purchase Details

Closed on
Nov 30, 2022
Sold by
Rbjwl Tust
Bought by
Stapley Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,500
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2020
Sold by
Olsen Recker Guadalupe Properties Llc
Bought by
Leopold Rrichard Bryant and Leopold Janet Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 2, 2017
Sold by
Steinmetz Matt
Bought by
Grantee Olsen Reckerguadalupe Properties

Purchase Details

Closed on
Feb 28, 2017
Sold by
Aztec Wrought Iron
Bought by
Steinmetz Matt

Purchase Details

Closed on
Apr 10, 2013
Sold by
Hernandez Seferino C
Bought by
Aztec Wrought Iron Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2008
Sold by
Attention Design Inc
Bought by
Hernandez Seferino C and Hernandez Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 7, 1999
Sold by
Eventemp Corp
Bought by
Attention Design Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 1998
Sold by
Miller William N and Miller Ruth
Bought by
Eventemp Corp

Purchase Details

Closed on
Oct 23, 1995
Sold by
Obrien Patrick Stephen and Obrien Denise L
Bought by
Miller William N and Miller Ruth

Purchase Details

Closed on
Apr 4, 1995
Sold by
Hetteen Susan G
Bought by
Obrien Patrick Stephen and Obrien Denise L

Purchase Details

Closed on
Oct 21, 1994
Sold by
Sherman Patrick Dwane
Bought by
Obrien Patrick Stephen and Obrien Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,117
Interest Rate
8.7%
Mortgage Type
Seller Take Back
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
9050 North 90Th Place Llc $1,100,000 Pioneer Title Services
Stapley Center Llc $825,000 Pioneer Title Services
Leopold Rrichard Bryant $399,500 Pioneer Title Agency Inc
Grantee Olsen Reckerguadalupe Properties -- None Available
Steinmetz Matt -- None Available
Aztec Wrought Iron Llc -- Grand Canyon Title Agency In
Hernandez Seferino C $525,000 First American Title
Attention Design Inc $295,850 Security Title Agency
Eventemp Corp $259,960 Security Title Agency
Miller William N -- --
Obrien Patrick Stephen -- --
Hetteen Susan G -- --
Obrien Patrick Stephen $160,000 First Service Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stapley Center Llc $399,500
Previous Owner Leopold Rrichard Bryant $150,000
Previous Owner Aztec Wrought Iron Llc $165,000
Previous Owner Hernandez Seferino C $0
Previous Owner Hernandez Seferino C $100,000
Previous Owner Attention Design Inc $275,500
Previous Owner Obrien Patrick Stephen $6,117
Previous Owner Sherman Patrick D $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $1,100,000 -8.3% $275 / Sq Ft
06/08/2023 06/08/23 Price Changed $1,200,000 0.0% $300 / Sq Ft
06/08/2023 06/08/23 For Sale $1,200,000 0.0% $300 / Sq Ft
03/22/2023 03/22/23 For Sale $1,200,000 -- $300 / 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 $4,873 $48,136 -- --
2024 $5,061 $47,276 -- --
2023 $5,061 $73,236 $19,142 $54,094
2022 $5,102 $65,818 $20,808 $45,010
2021 $5,312 $62,154 $21,402 $40,752
2020 $5,243 $59,040 $16,164 $42,876
2019 $4,899 $55,332 $15,480 $39,852
2018 $4,701 $53,802 $12,456 $41,346
2017 $4,561 $48,744 $12,096 $36,648
2016 $4,477 $43,344 $10,512 $32,832
2015 $4,324 $41,255 $8,843 $32,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6534606

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-38-004A