NOT LISTED FOR SALE

600 E University Dr Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
4,256 Sq Ft
8,018 Sq Ft Lot

Last Sold January 15, 2021

Last sale price $815,000 $191 Per Sq Ft

84 Days on Market

Highlights

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

About This Home

As of January 2021

• Freestanding Building
• Built Out Dental Office
• Investment Sale
• Approximately +/- 4,256 SF
• Sales Price: $840,000 or $197.37PSF
• Cap Rate: 7.5%
• Lease Term through March 2024
• Two, three year renewal options
• Part of larger portfolio with 8256 E State Route 69, Prescott Valley, AZ & 407 N 4th St, Buckeye, AZ

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 09/25/2020

Last Buyer's Agent

Jon Cooper

Cooper Premier Properties LLC License #BR585120000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1970

Lot Details

  • 8,018 Sq Ft Lot
  • Property is zoned R-4

Home Design

  • 4,256 Sq Ft Home
  • Composition Roof

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 137-13-053

Community Details

Overview

  • Farnsworth Place Subdivision

Building Details

  • Operating Expense $5,136
  • Net Operating Income $63,000

Property Details

Property Type

Other

Est. Annual Taxes

$5,136

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: E University Dr & N Olive
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1970
  • Tax Year: 2020
  • Lot Size Acres: 0.18
  • Subdivision Name: FARNSWORTH PLACE
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 4256.0

Exterior Features

  • Fencing: None
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Paved Parking: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 8018.0
  • Parcel #: 137-13-053
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 63000.0
  • Annual Operating Expense: 5136.0

Tax Info

  • Tax Annual Amount: 5136.0
  • Tax Book Number: 137.00
  • Tax Lot: 16
  • Tax Map Number: 13.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Jan 14, 2021
Sold by
Sun West Dental Properties Llc
Bought by
Dean & Frankie Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Jon Cooper
Cooper Premier Properties LLC
List Price
$790,000
Sold Price
$815,000
Premium/Discount to List
$25,000
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,500
Outstanding Balance
$318,696
Interest Rate
2.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 1, 2006
Sold by
Dalton Scott L and Coleman Jerry L
Bought by
Sun West Dental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,800
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2002
Sold by
F H & S Leasing
Bought by
Dalton Scott L and Coleman Jerry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.16%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Dean & Frankie Llc $815,000 Commonwealth Title
Sun West Dental Properties Llc -- The Talon Group
Dalton Scott L $275,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean & Frankie Llc $570,500
Previous Owner Sun West Dental Properties Llc $516,800
Previous Owner Dalton Scott L $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $815,000 -3.0% $191 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/01/2020 12/01/20 Price Changed $840,000 +6.3% $197 / Sq Ft
09/25/2020 09/25/20 For Sale $790,000 -- $186 / 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 $4,652 $47,151 -- --
2024 $4,958 $46,309 -- --
2023 $4,958 $67,864 $16,065 $51,799
2022 $4,998 $62,283 $13,178 $49,105
2021 $5,204 $64,404 $13,554 $50,850
2020 $5,136 $55,512 $9,324 $46,188
2019 $4,798 $50,472 $9,396 $41,076
2018 $4,605 $55,872 $10,152 $45,720
2017 $4,468 $46,602 $9,396 $37,206
2016 $4,385 $42,930 $8,388 $34,542
2015 $4,236 $33,763 $6,808 $26,955
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image
  • Jon Cooper

    Buyer's Agent in 2021

    Jon Cooper

    Cooper Premier Properties LLC

    (602) 410-9585

    1 in this area

    32 Total Sales

    Jon Cooper
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6137484

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-13-053

Arizona Maricopa County Mesa 85203 Mesa Patios

600 E University Dr, Mesa, AZ

Not Listed for Sale

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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