NOT LISTED FOR SALE

450 W University Dr Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $543,000 - $597,000

Studio
-- Bath
2,860 Sq Ft
$199/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2021

Last sale price $525,000 $184 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,243 / mo

1 Day on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2021

Fully rented 4-plex conveniently located in Mesa. 3 x 1-bedroom units and 1 x 2-bedroom units. Many improvements made in 2020 including; new roof, paint/updates to exterior, water heaters, electrical, etc...
Close to shopping, freeways and more!

Last Agent to Sell the Property

Aimee Lunt

RE/MAX Fine Properties License #SA619650000 Listed on: 07/29/2021

RE/MAX Fine Properties

Last Buyer's Agent

Aimee Lunt

Real Broker License #SA619650000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,321

Year Built

  • Built in 1965

Lot Details

  • 10,454

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Schools

  • Emerson Elementary School
  • Westwood High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 135-25-050-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 68' x 147'

Building Details

  • Operating Expense $1,321
  • Gross Income $31,800
  • Net Operating Income $26,255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,321

Year Built

Built in 1965

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Cross Street: N Country Club Drive and W University Drive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Heat Pump, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Emerson Elementary School

Lot Info

  • Lot Size: 68' x 147'
  • Additional Parcels: No
  • Parcel #: 135-25-050-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 31800.0
  • Property Net Operating Income: 26255.4
  • Annual Operating Expense: 1321.0

Tax Info

  • Tax Annual Amount: 1321.0
  • Tax Book Number: 135.00
  • Tax Lot: n/a

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Sep 10, 2021
Sold by
Bought by
Seller's Agent
Aimee Lunt
RE/MAX Fine Properties
Buyer's Agent
Aimee Lunt
RE/MAX Fine Properties
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$570,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,157
Avg. Annual Appreciation
1.71%
Original Mortgage
$393,750
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2018
Closed on
Jan 8, 2019
Sold by
Bought by
Seller's Agent
Sacha Blanchet
Coldwell Banker Realty
Buyer's Agent
Aimee Lunt
RE/MAX Fine Properties
List Price
$348,888
Sold Price
$305,000
Premium/Discount to List
-$43,888
-12.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.46%
Original Mortgage
$228,750
Interest Rate
0.048%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
0.0564%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
0.0564%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
0.0564%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
0.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 6, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
0.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 31, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,250
Interest Rate
0.0515%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,250
Interest Rate
0.0515%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 13, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 1977
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 Clear Title
$305,000 Equity Title Agency Inc
-- None Available
-- Fidelity National Title
$245,000 Fidelity National Title
$223,500 Fidelity National Title
-- None Available
-- --
-- Ticor Title Agency Of Az Inc
$297,000 Ticor Title Agency Of Az Inc
-- Stewart Title & Trust Of Pho
-- Stewart Title & Tr Phoenix
-- Stewart Title & Trust
-- Stewart Title & Trust
-- --
$118,000 Stewart Title & Trust
$97,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
$83,000 Fidelity Title
-- Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $393,750
Previous Owner $228,750
Previous Owner $238,000
Previous Owner $237,600
Previous Owner $122,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2021 09/15/21 Sold $525,000 0.0% $184 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $525,000 +72.1% $184 / Sq Ft
01/10/2019 01/10/19 Sold $305,000 -10.0% $107 / Sq Ft View Prior Sale
11/28/2018 11/28/18 Pending -- -- --
11/16/2018 11/16/18 Price Changed $338,888 -2.9% $118 / Sq Ft
11/14/2018 11/14/18 For Sale $348,888 0.0% $122 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/30/2018 10/30/18 For Sale $348,888 -- $122 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,346 $13,640
2024 $1,350 $12,991
2023 $1,350 $48,860 $9,770 $39,090
2022 $1,322 $32,580 $6,510 $26,070
2021 $1,338 $27,620 $5,520 $22,100
2020 $1,321 $24,320 $4,860 $19,460
2019 $1,234 $20,110 $4,020 $16,090
2018 $1,184 $17,730 $3,540 $14,190
2017 $1,149 $14,960 $2,990 $11,970
2016 $1,128 $14,200 $2,840 $11,360
2015 $1,060 $12,860 $2,570 $10,290
Source: Public Records

Agents Affiliated with this Home

  • Aimee Lunt

    Seller's Agent in 2021

    Aimee Lunt

    RE/MAX

    (480) 228-0320

    1 in this area

    110 Total Sales

    Aimee Lunt
    Section Image
  • Sacha Blanchet

    Seller's Agent in 2019

    Sacha Blanchet

    Coldwell Banker Realty

    (602) 882-4921

    199 Total Sales

    Sacha Blanchet
    Section Image

  • D

    Seller Co-Listing Agent in 2019

    Daniel Clausen

    Coldwell Banker Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6271145

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-25-050A

Arizona Maricopa County Mesa 85201 Riverview

450 W University Dr, Mesa, AZ

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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