$960,000
SOLD DEC 31, 2019

7000 E Main St Mesa, AZ 85207

Central Mesa East Neighborhood
-- Bed
-- Bath
6,599 Sq Ft
1.15 Acres

Recently Sold

$145 Per Sq Ft

4% Below List Price

100 Days on Market

Highlights

  • 1.15 Acre Lot
  • Wood Flooring
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Community Kitchen
  • Heating System Uses Natural Gas

About This Home

As of June 2023

The options for this property are endless. Over an acre of land just East of Power Rd on Main St. Once was the successful Red Mountain Steakhouse and was just currently Lily's on Main. Recently remodeled, new bathrooms and new exterior paint. Valuable street signage with grandfathered in rights. Large parking lot with over 70 spaces. Great split layout, can be easily modified to fit your needs. Covered patio. Multiple walk in refrigerators. Almost 7,000 sq.ft. This opportunity will not last long. This versatile property is a rare gem at this price. Set up for a Restaurant/Bar with so much potential but could be anything.

Last Agent to Sell the Property

Frank C. Merlo III

SERHANT. License #SA574487000 Listed on: 08/28/2017

SERHANT.

Co-Listed By

Deborah Sapp

SERHANT. License #SA546289000

Last Buyer's Agent

Deborah Sapp

Berkshire Hathaway HomeServices Arizona Properties License #SA546289000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,191

Year Built

  • Built in 1977

Lot Details

  • 1.15 Acre Lot
  • Property is zoned C-2

Home Design

  • 6,599 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Wood
  • Carpet
  • Stone
  • Concrete
  • Ceramic Tile

Parking

  • 66 Open Parking Spaces
  • 66 Parking Spaces
  • Public Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Building Dimensions are 171X283X1
  • Community Kitchen
  • Operating Expense $10,191

Listing and Financial Details

  • Tax Lot MB
  • Assessor Parcel Number 218-13-001-K

Property Details

Property Type

Other

Est. Annual Taxes

$10,191

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: POWER ROAD AND E MAIN ST
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2016
  • Directions: POWER ROAD E ON MAIN, ON THE NORTH SIDE OF THE ROAD LEFT TURN LANE AT INTERSECTION
  • Lot Size Acres: 1.15
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: praz07
  • Co List Office Phone: 480-467-4900
  • Structure Type: Commercial
  • Tax Parcel Letter: K
  • Water Source City Franchise: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Stone, Wood, Concrete
  • Living Area: 6599.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Parking Lot, Paved, Free
  • Attached Garage: No
  • Open Parking Spaces: 66.0
  • Total Parking Spaces: 66.0
  • General Property Description:Uncvrd Parking Spcs: 66.0
  • General Property Description:Total Parking Spcs: 66.0
  • Parking Features Paved Parking: Yes
  • Parking Features Free: Yes
  • Parking Features Public Parking: Yes

Utilities

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

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size: 171X283X1
  • Lot Size Sq Ft: 50218.0
  • Parcel #: 218-13-001-K
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 10191.0
  • Leasable Area: 7375.0

Tax Info

  • Tax Annual Amount: 10191.0
  • Tax Book Number: 218.00
  • Tax Lot: MB
  • Tax Map Number: 13.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2023
Closed on
Jun 28, 2023
Sold by
Chateau Az Llc
Bought by
Html423e Llc
Seller's Agent
Bea Lyman
Keller Williams Integrity First
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,275,000
Sold Price
$1,405,587
Premium/Discount to List
$130,587
10.24%
Views
7
Current Estimated Value
$1,474,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,862
Avg. Annual Appreciation
1.54%

Purchase Details

Listed on
Aug 28, 2017
Closed on
Jan 23, 2020
Sold by
Turner Commercial Investments Llc
Bought by
Chateau Az L L C
Seller's Agent
Frank C. Merlo III
SERHANT.
Buyer's Agent
Deborah Sapp
SERHANT.
List Price
$999,900
Sold Price
$960,000
Premium/Discount to List
-$39,900
-3.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.54%
Original Mortgage
$759,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2005
Sold by
Turner Dimple W
Bought by
Turner Commercial Investments Llc

Purchase Details

Closed on
Oct 10, 1995
Sold by
Turner James E and Turner Dimple W
Bought by
Turner James E and Turner Revocable Living Trust

Purchase Details

Closed on
Sep 22, 1994
Sold by
Ross Steve A and Ross Luin L
Bought by
Turner James E and Turner Dimple
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 Type Sale Price Title Company
Special Warranty Deed $1,405,587 Landmark Title
Warranty Deed $900,000 Great American Title Agency
Special Warranty Deed -- Security Title Agency Inc
Interfamily Deed Transfer -- --
Cash Sale Deed $375,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,167,500 New Conventional
Closed $915,000 New Conventional
Previous Owner $759,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2023 06/28/23 Sold $1,405,587 0.0% $213 / Sq Ft
05/01/2023 05/01/23 Price Changed $1,405,587 +10.2% $213 / Sq Ft
05/01/2023 05/01/23 For Sale $1,275,000 -9.3% $193 / Sq Ft
04/24/2023 04/24/23 Off Market $1,405,587 -- --
03/18/2023 03/18/23 For Sale $1,275,000 +32.8% $193 / Sq Ft
12/31/2019 12/31/19 Sold $960,000 -4.0% $145 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $999,900 -- $152 / 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 $11,088 $109,435 -- --
2024 $11,516 $107,480 -- --
2023 $11,516 $123,573 $45,254 $78,319
2022 $11,608 $118,353 $44,643 $73,710
2021 $12,089 $120,258 $45,918 $74,340
2020 $11,932 $120,006 $44,676 $75,330
2019 $11,149 $112,662 $41,220 $71,442
2018 $10,702 $113,166 $43,020 $70,146
2017 $10,384 $115,470 $42,264 $73,206
2016 $10,191 $106,524 $37,728 $68,796
2015 $9,845 $85,544 $31,783 $53,761
Source: Public Records

Agents Affiliated with this Home

  • Bea Lyman

    Seller's Agent in 2023

    Bea Lyman

    Keller Williams Integrity First

    (480) 309-3975

    6 in this area

    55 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

  • Frank C. Merlo III

    Seller's Agent in 2019

    Frank C. Merlo III

    SERHANT.

    (480) 467-4900

    2 in this area

    136 Total Sales

    Section Image
  • Deborah Sapp

    Seller Co-Listing Agent in 2019

    Deborah Sapp

    SERHANT.

    (480) 797-6650

    1 in this area

    121 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5652673

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-13-001K

Arizona Maricopa County Mesa 85207 Central Mesa East

7000 E Main St, Mesa, AZ

This home is located at 7000 E Main St, Mesa, AZ 85207 and is currently priced at $960,000, approximately $145 per square foot. This property was built in 1977. 7000 E Main St is a home located in Maricopa County with nearby schools including Salk Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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