$500,000
SOLD JUL 15, 2013

505 W University Dr Tempe, AZ 85281

Mitchell Park East Neighborhood
-- Bed
-- Bath
2,584 Sq Ft
0.26 Acres

Recently Sold

$193 Per Sq Ft

5% Below List Price

71 Days on Market

About This Home

As of August 2017

WELL-BUILT 2584 SQ FT OFFICE BUILDING LOCATED NEAR ASU AND DOWNTOWN TEMPE AS WELL AS 10 MINUTES FROM SKY HARBOR AIRPORT. ''COMMERCIAL SHOPPING AND SERVICES'' ZONING ALLOWS FOR MANY USES. EXCELLENT VISIBILITY ON A HIGH-TRAFFIC ROADWAY

Last Agent to Sell the Property

Barry Booth

Better Homes & Gardens Real Estate SJ Fowler License #SA029383000 Listed on: 03/29/2013

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,615

Year Built

  • Built in 1979

Lot Details

  • 0.26 Acre Lot
  • Block Wall Fence
  • Property is zoned CSS

Home Design

  • 2,584 Sq Ft Home
  • Foam Roof
  • Block Exterior

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Reception Area

Listing and Financial Details

  • Assessor Parcel Number 124-69-045

Property Details

Property Type

Other

Est. Annual Taxes

$10,615

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: University Dr. and Mill Ave.
  • Property Type: Comm/Industry Sale
  • Zoning: CSS
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2012
  • Directions: Property is located on the SWC of Unversity Dr. and Wilson St. 1/3 mile West of Mill Ave.
  • Lot Size Acres: 0.26
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Reception Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 11125.0
  • Additional Parcels: No
  • Parcel #: 124-69-045
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 10615.0
  • Tax Book Number: 124.00
  • Tax Lot: 0
  • Tax Map Number: 69.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
Tempe Commercial Llc
Bought by
Eq University Llc
Current Estimated Value
$2,660,468

Purchase Details

Closed on
Feb 22, 2019
Sold by
Kobold 505 W University Llc
Bought by
Tempe Commercial Llc

Purchase Details

Listed on
May 16, 2017
Closed on
Aug 24, 2017
Sold by
Tumbleweed Center For Youth Development
Bought by
Kobold 505 W University Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$875,000
Sold Price
$890,000
Premium/Discount to List
$15,000
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.82%
Original Mortgage
$975,000
Interest Rate
3.86%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 29, 2013
Closed on
Jul 2, 2013
Sold by
505 Llc
Bought by
Tumbleweed Center For Youth Development
Seller's Agent
Barry Booth
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Original Mortgage
$400,000
Interest Rate
3.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 24, 2009
Sold by
Pike Diana
Bought by
505 Llc

Purchase Details

Closed on
Dec 12, 1996
Sold by
Smith Rita M
Bought by
Plaumann William G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,400
Interest Rate
7.59%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Special Warranty Deed $2,653,300 First American Title
Special Warranty Deed $2,330,000 Thomas Title & Escrow
Special Warranty Deed $890,000 Thomas Title & Escrow
Special Warranty Deed $500,000 Commonwealth Land Title Ins
Special Warranty Deed $592,721 None Available
Warranty Deed $45,500 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $975,000 Construction
Previous Owner $467,500 Commercial
Previous Owner $1,120,000 Unknown
Previous Owner $400,000 Seller Take Back
Previous Owner $36,400 New Conventional
Previous Owner $38,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2017 08/29/17 Sold $890,000 +1.7% $327 / Sq Ft
05/01/2017 05/01/17 For Sale $875,000 +75.0% $322 / Sq Ft
07/15/2013 07/15/13 Sold $500,000 -4.8% $193 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
03/26/2013 03/26/13 For Sale $525,000 -- $203 / 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 $8,173 $70,754 -- --
2024 $8,320 $69,491 -- --
2023 $8,320 $68,187 $15,419 $52,768
2022 $10,915 $93,363 $44,713 $48,650
2021 $11,304 $93,762 $44,730 $49,032
2020 $10,961 $113,508 $37,782 $75,726
2019 $8,071 $65,415 $28,275 $37,140
2018 $7,870 $74,280 $37,215 $37,065
2017 $0 $62,610 $34,470 $28,140
2016 $0 $58,800 $31,905 $26,895
2015 -- $52,800 $32,848 $19,952
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Justin Cirell

    Seller Co-Listing Agent in 2017

    Justin Cirell

    R.O.I. Properties

    (480) 356-1450

    7 Total Sales

    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

  • B

    Seller's Agent in 2013

    Barry Booth

    Better Homes & Gardens Real Estate SJ Fowler

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4911893

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-69-045

Arizona Maricopa County Tempe 85281 Mitchell Park East

505 W University Dr, Tempe, AZ

This home is located at 505 W University Dr, Tempe, AZ 85281 and is currently priced at $500,000, approximately $193 per square foot. This property was built in 1979. 505 W University Dr is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and New School for the Arts & Academics.

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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