J
Seller's Agent in 2022
Jack Cardon
Cardon Commercial
(480) 278-9007
1 in this area
2 Total Sales
6740 E University Dr Mesa, AZ 85205
Central Mesa East NeighborhoodEstimated Value: $1,332,708
Studio
--
Bath
10,871
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- 1.1 Acre Lot
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Central Air
About This Home
As of February 2022Excellent value-add investment opportunity with huge upside potential through further lease up and increasing low rents. The property is a 10,871 sq. ft. retail strip center facing University Drive with multiple access points. The site has outstanding visibility and great access to Power/University Roads. The intersection has major exposure and daytime traffic with a new Burger King next door, SRP East Valley Service Center and QuikTrip across the street. The property is located on a major traffic intersection West of the Northwest corner of Power and University. Located within the Red Mountain trade area of Mesa.
Last Agent to Sell the Property
Cardon Commercial License #BR108442000 Listed on: 11/16/2021
Property Details
Property Type
- Other
Est. Annual Taxes
- $20,601
Year Built
- Built in 2006
Lot Details
- 1.1 Acre Lot
- Property is zoned C-2
Home Design
- 10,871 Sq Ft Home
- Foam Roof
- Block Exterior
- Metal Siding
- Stucco
Flooring
- Carpet
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 30 Open Parking Spaces
- 30 Parking Spaces
- Public Parking
- Private Parking
- Free Parking
Utilities
- Central Air
- Heating Available
Community Details
- Operating Expense $20,601
- Gross Income $120,612
- Net Operating Income $73,373
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 141-62-012-N
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2021
Closed on
Jan 25, 2022
Sold by
Bought by
Seller's Agent
Jack Cardon
Cardon Commercial
Buyer's Agent
Jack Cardon
Cardon Commercial
List Price
$1,365,000
Sold Price
$1,365,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,292
Avg. Annual Appreciation
-0.53%
Original Mortgage
$950,000
Interest Rate
0.0322%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 15, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
0.0393%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 15, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.0431%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 5, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
0.062%
Mortgage Type
Commercial
Purchase Details
Closed on
May 6, 1997
Sold by
Bought by
Purchase Details
Closed on
Jun 27, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,320,000 | Landmark Title | ||
| $890,000 | Landmark Title Assurance Age | ||
| $1,000,000 | Fidelity Natl Title Ins Co | ||
| $2,650,000 | Fidelity National Title | ||
| $146,340 | Fidelity Title | ||
| $525,000 | Fidelity Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $950,000 | ||
| Previous Owner | $390,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $1,650,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/01/2022 02/01/22 | Sold | $1,365,000 | 0.0% | $126 / Sq Ft |
| 11/17/2021 11/17/21 | Pending | -- | -- | -- |
| 11/16/2021 11/16/21 | For Sale | $1,365,000 | -- | $126 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $18,417 | $186,495 | ||
| 2024 | $19,626 | $183,165 | ||
| 2023 | $19,626 | $271,677 | $43,605 | $228,072 |
| 2022 | $19,783 | $252,070 | $43,330 | $208,740 |
| 2021 | $20,601 | $247,320 | $44,568 | $202,752 |
| 2020 | $20,334 | $246,276 | $43,326 | $202,950 |
| 2019 | $19,000 | $234,504 | $39,996 | $194,508 |
| 2018 | $18,238 | $228,618 | $37,584 | $191,034 |
| 2017 | $17,696 | $193,752 | $34,794 | $158,958 |
| 2016 | $17,367 | $175,392 | $31,068 | $144,324 |
| 2015 | $16,778 | $137,049 | $26,807 | $110,242 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Cardon
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6322034
APN: 141-62-012N
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.
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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