NOT LISTED FOR SALE

Estimated Value: $693,563

-- Bed
-- Bath
3,921 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 04, 2017

Last sale price $400,000 $102 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,348/month

120 Days on Market

Highlights

  • 1.11 Acre Lot
  • Community Kitchen
  • Concrete Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heating Available

About This Home

As of October 2017

This free standing PAD building sits at the entrance to the Main Street Plaza Shopping Center and has excellent frontage and visibility along Main Street in East Mesa.

The building was formerly used as a private social club and restaurant and retains much of the original equipment and fixtures. The building is separately metered and can easily be divided by a new owner.

The excellent visibility and PAD location make the property perfect for a variety of uses.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 04/11/2017

Last Buyer's Agent

Chuong Tran

1st Southwest Realty, LLC License #BR566564000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,393

Year Built

  • Built in 1980

Lot Details

  • 1.11 Acre Lot
  • Property is zoned C-G

Home Design

  • Tilt Up Walls
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 3,921 Sq Ft Home
  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Main Street Plaza Subdivision
  • Community Kitchen
  • Operating Expense $7,393

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 141-57-190

Property Details

Property Type

Other

Est. Annual Taxes

$7,393

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Main and Recker
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: C-G
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2016
  • Directions: Located along Main Street in East Mesa, just west of the lighted intersection of 63rd Street and Main. Near Banner Baywood Medical and Leisure World.
  • Lot Size Acres: 1.11
  • Subdivision Name: MAIN STREET PLAZA
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 3921.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Wood Frame, Tilt-Up, Stucco
  • Roof: Tile, Built-Up
  • Construction:Tilt-Up: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved, Private, Free
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Green Building Features: Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 48163.0
  • Parcel #: 141-57-190

Multi Family

  • Annual Operating Expense: 7393.0

Tax Info

  • Tax Annual Amount: 7393.0
  • Tax Book Number: 141.00
  • Tax Lot: 1
  • Tax Map Number: 57.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2017
Closed on
Sep 26, 2017
Sold by
Giles Chester A
Bought by
Pho Viet Nam Inc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Chuong Tran
1st Southwest Realty, LLC
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$693,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,563
Avg. Annual Appreciation
7.12%
Original Mortgage
$300,000
Outstanding Balance
$250,853
Interest Rate
3.86%
Mortgage Type
Seller Take Back
Estimated Equity
$442,710

Purchase Details

Closed on
Aug 25, 2014
Sold by
Pariz Llc
Bought by
Giles Chester A

Purchase Details

Closed on
Jul 30, 2010
Sold by
Plaza Properties Inc
Bought by
Pariz Llc
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
Pho Viet Nam Inc $400,000 Old Republic Title Agency
Giles Chester A $425,000 Lawyers Title Of Arizona Inc
Pariz Llc $475,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pho Viet Nam Inc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2017 10/04/17 Sold $400,000 0.0% $102 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $399,900 -- $102 / 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 $8,047 $79,497 -- --
2024 $8,359 $78,077 -- --
2023 $8,359 $138,176 $87,601 $50,575
2022 $8,427 $119,771 $71,558 $48,213
2021 $8,773 $124,326 $73,602 $50,724
2020 $8,659 $112,212 $71,586 $40,626
2019 $8,090 $104,166 $64,764 $39,402
2018 $7,765 $77,202 $37,656 $39,546
2017 $7,533 $75,582 $34,866 $40,716
2016 $7,393 $69,282 $31,140 $38,142
2015 $7,142 $57,443 $26,862 $30,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5588930

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-57-190