NOT LISTED FOR SALE

Estimated Value: $2,456,583

Studio
-- Bath
27,388 Sq Ft
$90/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2022

Last sale price $2,350,000 $86 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $14,753 / mo

7 Days on Market

Highlights

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

About This Home

As of May 2022

2 Buildings 100% occupied. Could be investor or owner/user (tenant with 6000sq ft will agree to divide space).
Good long term tenants. Occupied by medical, dental, vision, PT, counseling, mortgage and numerous small offices. Professionally managed. 2 miles from loop 202.
(In photos, bldg 2 floor plan the right side has 4 built out and occupied suites not depicted.)

Last Agent to Sell the Property

ShLee Schuler

Berkshire Hathaway HomeServices Arizona Properties License #SA645270000 Listed on: 03/02/2022

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $49,796

Year Built

  • Built in 2000

Lot Details

  • 2.36 Acre Lot
  • Property is zoned OC

Home Design

  • 27,388 Sq Ft Home
  • Foam Roof
  • Metal Siding
  • ICAT Recessed Lighting
  • Stucco

Parking

  • 71 Open Parking Spaces
  • 113 Parking Spaces
  • 42 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 141-63-031-C

Community Details

Overview

  • 2 Buildings
  • Kings Ransom Re Amd Subdivision

Amenities

  • Community Kitchen
  • Meeting Room

Building Details

  • Gross Income $326,800
  • Net Operating Income $141,705

Property Details

Property Type

Other

Est. Annual Taxes

$49,796

Year Built

Built in 2000

Lot Details

2.36 Acres

Listing Details

  • Cross Street: RECKER/BROWN
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: OC
  • Current Use: Medical/Dental
  • Number Of Buildings: 2
  • Year Built: 2000
  • Tax Year: 2021
  • Lot Size Acres: 2.36
  • Road Surface Type: Concrete, Sidewalk(s)
  • Professional Management Expense: 25500.0
  • Subdivision Name: KINGS RANSOM RE-AMD
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Stucco, Metal Siding, ICAT Recessed Lighting
  • Roof: Foam
  • Construction:Metal: Yes
  • Construction:ICAT Recessed Lights: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 42.0
  • Open Parking Spaces: 71.0
  • Total Parking Spaces: 113.0
  • General Property Description:Covered Parking Spcs: 42.0
  • General Property Description:Uncvrd Parking Spcs: 71.0
  • General Property Description:Total Parking Spcs: 113.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes

Fee Information

  • Annual Water Sewer Expense: 9600.0

Lot Info

  • Lot Size Sq Ft: 102715.0
  • Additional Parcels: No
  • Parcel #: 141-63-031-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 20148.0
  • Annual Gross Income: 326800.0
  • Insurance Expense: 6475.0
  • Maintenance Expense: 23000.0
  • Property Net Operating Income: 141705.0
  • Vacancy Allowance Rate: 0.05
  • Leasable Area: 22044.0

Tax Info

  • Tax Annual Amount: 49796.0
  • Tax Book Number: 141.00
  • Tax Lot: 2
  • Tax Map Number: 63.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2022
Sold by
Cc Brown Llc
Bought by
Country Club Ventures Llc
Current Estimated Value
$2,456,583

Purchase Details

Closed on
Dec 16, 2022
Sold by
Cc Brown Llc
Bought by
Country Club Ventures Llc and Dmel Properties Llc

Purchase Details

Listed on
Mar 2, 2022
Closed on
Jun 29, 2022
Sold by
Hershey Plaza Llc
Bought by
Cc Brown Llc
Seller's Agent
ShLee Schuler
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,900,000
Sold Price
$2,350,000
Premium/Discount to List
-$550,000
-18.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,587,915
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2013
Sold by
Hershey Plaza Llc
Bought by
City Of Mesa

Purchase Details

Closed on
Dec 28, 1999
Sold by
Hershey Plaza Llc
Bought by
City Of Mesa

Purchase Details

Closed on
May 28, 1999
Sold by
Hershey Robert H and Hershey Sandra L
Bought by
Hershey Plaza

Purchase Details

Closed on
Sep 18, 1998
Sold by
Fifield Richard M
Bought by
Hershey Robert H and Hershey Sandra L
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
Country Club Ventures Llc $2,268,451 Landmark Title
Country Club Ventures Llc $2,268,451 Landmark Title
Cc Brown Llc $2,268,451 Landmark Title
City Of Mesa -- Security Title Agency
City Of Mesa -- --
Hershey Plaza -- --
Hershey Robert H $202,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cc Brown Llc $1,587,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2022 05/24/22 Sold $2,350,000 -19.0% $86 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $2,900,000 +18124900.0% $106 / Sq Ft
04/21/2017 04/21/17 Sold $16 0.0% $0 / Sq Ft View Prior Sale
04/21/2017 04/21/17 Pending -- -- --
06/20/2016 06/20/16 For Sale $16 -- $0 / 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 $21,814 -- -- --
2024 $47,186 $440,756 -- --
2023 $47,186 $618,715 $143,565 $475,150
2022 $47,569 $424,008 $93,853 $330,155
2021 $49,796 $439,758 $96,534 $343,224
2020 $49,147 $443,322 $99,612 $343,710
2019 $45,918 $395,208 $87,606 $307,602
2018 $44,071 $360,756 $75,600 $285,156
2017 $45,267 $373,302 $70,002 $303,300
2016 $44,427 $372,456 $62,496 $309,960
2015 $42,915 $389,222 $56,962 $332,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6362831

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-63-031C

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