NOT LISTED FOR SALE

4540 E Baseline Rd Unit 119 Mesa, AZ 85206

Central Mesa Neighborhood

Estimated Value: $784,644

Studio
-- Bath
4,971 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 01, 2018

Last sale price $495,000 $100 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,348/month

40 Days on Market

About This Home

As of August 2018

OFFERING SUMMARY
Sale Price: $512,000
Price PSF: $284.44
Cap Rate: 7.00%
Current NOI: $35,852
Year Built: 2001
Building Size: +/- 5,400 SF
Condo Size: +/- 1,800 SF
Zoning: LI
APN: 140-68-086

• Medical Office Condominium Investment Sale
• 100% Leased
• Tenant Name: Physicians Group, PLLC (dba PainStop)
• Tenant Business: Healthcare - Pain Management
• Lease Commenced 8/1/14. Remaining Lease Term Thru 10/31/2021
• Two (2) Options to Extend the Lease Term Thirty-Six (36) Months
• Personally Guaranteed
• Located within Greenfield Medical Center Office Condominiums (Professionally Managed HOA)
• NEC of Greenfield & Baseline Rd. Close proximity to Banner Desert Samaritan, Tempe St. Luke's, Valley Lutheran and
Chandler Regional Hospitals

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 05/23/2018

Last Buyer's Agent

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 05/23/2018

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,758

Year Built

  • Built in 2001

Lot Details

  • 2,497 Sq Ft Lot
  • Property is zoned I-1

Home Design

  • 4,971 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Community Details

  • Greenfield Medical Plaza Condominium Replat Subdivision
  • Operating Expense $4,758

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number 140-68-074

Property Details

Property Type

Other

Est. Annual Taxes

$4,758

Year Built

Built in 2001

Lot Details

2,497 Sq Ft Lot

Listing Details

  • Cross Street: E Baseline Rd & N Greenfield Rd
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: I-1
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2001
  • Tax Year: 2017
  • Lot Size Acres: 0.06
  • Subdivision Name: GREENFIELD MEDICAL PLAZA CONDOMINIUM REPLAT
  • Structure Type: Other (See Remarks), Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 4971.0

Exterior Features

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

Garage/Parking

  • Parking Features: Other (See Remarks)
  • 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
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 2497.0
  • Parcel #: 140-68-074
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4758.0

Tax Info

  • Tax Annual Amount: 4758.0
  • Tax Book Number: 140.00
  • Tax Lot: 107
  • Tax Map Number: 68.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Aug 1, 2018
Sold by
Cahce 4540 Investments Llc
Bought by
K & L Holdings Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
List Price
$512,000
Sold Price
$495,000
Premium/Discount to List
-$17,000
-3.32%
Current Estimated Value
$784,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,644
Avg. Annual Appreciation
6.29%

Purchase Details

Closed on
Jul 14, 2014
Sold by
Tani Jason and Carter Tani Donna Jo
Bought by
Rte Investments Llc

Purchase Details

Closed on
Jan 29, 2002
Sold by
Levy Mark I and Levy Diana L
Bought by
Tani Jason and Carter Tani Donna Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
7.17%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2001
Sold by
Greenfield Medical Development Lc
Bought by
Levy Mark I and Levy Diana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.14%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
K & L Holdings Llc $495,000 Commonwealth Land Title Insu
Rte Investments Llc $285,000 Grand Canyon Title Agency In
Tani Jason $246,642 Lawyers Title Of Arizona Inc
Levy Mark I $735,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tani Jason $222,000
Previous Owner Levy Mark I $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2018 08/01/18 Sold $495,000 -3.3% $100 / Sq Ft
05/23/2018 05/23/18 For Sale $512,000 -- $103 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,664 $37,135 -- --
2024 $3,905 $36,472 -- --
2023 $3,905 $67,065 $13,413 $53,652
2022 $3,936 $58,941 $11,778 $47,163
2021 $4,098 $54,936 $10,980 $43,956
2020 $4,045 $53,136 $10,620 $42,516
2019 $3,779 $49,734 $9,936 $39,798
2018 $3,627 $50,508 $10,098 $40,410
2017 $3,519 $48,204 $9,630 $38,574
2016 $3,454 $43,650 $8,730 $34,920
2015 $3,336 $35,428 $7,086 $28,342
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tanner Milne

    The Menlo Group Commercial Real Estate

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5770174

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-68-086

Arizona Maricopa County Mesa 85206 Central Mesa

4540 E Baseline Rd Unit 119, Mesa, AZ

Not Listed for Sale

Other

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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