NOT LISTED FOR SALE

503 W University Dr Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $344,000 - $450,000

3 Beds
-- Bath
1,415 Sq Ft
$277/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $246,000 $174 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,113/month

163 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of January 2020

EXCELLENT INVESTMENT PROPERTY, TENANT OCCUPIED!
Excellent DUPLEX, 2 units. One 2 bed 1 bath. the second unit has 1 bed 1 Bath. Excellent opportunity for investors or great to leave in one and rent the other.
This deal own last long, there isn't that many duplex in this area.
Realtor please see private remarks.
Address on Google map is 503 w University Dr. please add that address when driving by.

Last Agent to Sell the Property

Rosa Linda Fischer

neXGen Real Estate License #SA642019000 Listed on: 06/30/2019

Last Buyer's Agent

Aniello Vigliotti

Canam Realty Group License #SA666172000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1959

Lot Details

  • 7,057

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 135-59-009

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7075
  • Dobson Add Survey Pt Blk B Subdivision

Building Details

  • Operating Expense $679

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: University Dr. and Country Club Dr.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: C-G
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: DOBSON ADD SURVEY PT BLK B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 7075
  • Additional Parcels: No
  • Parcel #: 135-59-009

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Operating Expense: 679.0

Tax Info

  • Tax Annual Amount: 679.0
  • Tax Block: 1
  • Tax Book Number: 135.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2019
Closed on
Jan 13, 2020
Sold by
Rydlund Edward and Rydlund Family Revocable Trust
Bought by
Brothers Darren
Seller's Agent
Rosa Linda Fischer
neXGen Real Estate
Buyer's Agent
Aniello Vigliotti
Canam Realty Group
List Price
$259,900
Sold Price
$246,000
Premium/Discount to List
-$13,900
-5.35%
Current Estimated Value
$391,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,482
Avg. Annual Appreciation
8.36%
Original Mortgage
$241,544
Outstanding Balance
$212,199
Interest Rate
3.31%
Mortgage Type
FHA
Estimated Equity
$179,283

Purchase Details

Closed on
Mar 3, 1999
Sold by
Rydlund John E and Rydlund Francisca Z
Bought by
Rydlund John E and Rydlund Francisca Z
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
Brothers Darren $246,000 American Title Svc Agcy Llc
Rydlund John E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brothers Darren $241,544
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2020 01/15/20 Sold $246,000 -4.5% $174 / Sq Ft
08/02/2019 08/02/19 Price Changed $257,500 -0.2% $182 / Sq Ft
07/20/2019 07/20/19 Price Changed $258,000 -0.4% $182 / Sq Ft
07/15/2019 07/15/19 Price Changed $259,000 -0.3% $183 / Sq Ft
06/27/2019 06/27/19 For Sale $259,900 -- $184 / 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 $772 $7,826 -- --
2024 $775 $7,454 -- --
2023 $775 $24,860 $4,970 $19,890
2022 $759 $19,230 $3,840 $15,390
2021 $768 $16,080 $3,210 $12,870
2020 $758 $14,310 $2,860 $11,450
2019 $708 $11,810 $2,360 $9,450
2018 $679 $10,530 $2,100 $8,430
2017 $659 $8,580 $1,710 $6,870
2016 $647 $7,870 $1,570 $6,300
2015 $608 $7,010 $1,400 $5,610
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rosa Linda Fischer

    neXGen Real Estate

    Section Image
  • Aniello Vigliotti

    Buyer's Agent in 2020

    Aniello Vigliotti

    Canam Realty Group

    (480) 948-3338

    67 Total Sales

    Aniello Vigliotti
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5946481

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-59-009

Arizona Maricopa County Mesa 85201 West Main

503 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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