NOT LISTED FOR SALE

702 W University Dr Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $277,190

-- Bed
1 Bath
1,625 Sq Ft
$171/Sq Ft Est. Value

Last Sold June 08, 2016

Last sale price $129,000 $79 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,747/month

191 Days on Market

Highlights

  • 0.24 Acre Lot
  • Concrete Flooring
  • Partially Fenced Property
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2016

Very well maintained commercial property with 4 Suites. Pet Grooming has 2 Suites, Computer office has 1 Suite, and 1 Suite is vacant • Corner lot, Commercial Office zoning • Great visibility • stucco and painted exterior • parking lot well maintained and striped • 2 long-term tenants • all Month-To-Month • Traffic count is 28,222 cars/day • no sign on property • DRIVE BY ONLY • CONTACT LISTING AGENT FOR APPOINTMENT • Please do not contact Tenants directly

Last Listed By

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000 Listed on: 11/09/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,231

Year Built

  • Built in 1961

Lot Details

  • 10,598 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned C-O

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,625 Sq Ft Home
  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 135-26-001

Community Details

Overview

  • Building Dimensions are 75 X 142
  • Johnson Add. Subdivision

Building Details

  • Operating Expense $2,231

Property Details

Property Type

Other

Est. Annual Taxes

$2,231

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: University & Country Club
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Current Use: Service Business, Office
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2015
  • Directions: W on University to 4th Street on right (North). Property sits on N W corner
  • Lot Size Acres: 0.24
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: lreg001
  • Co List Office Phone: 480-526-5644
  • Subdivision Name: JOHNSON ADD.
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Frame - Wood, Stucco
  • Roof: Composition
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size: 75 X 142
  • Lot Size Sq Ft: 10598.0
  • Additional Parcels: No
  • Parcel #: 135-26-001
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 2231.0

Tax Info

  • Tax Annual Amount: 2231.0
  • Tax Book Number: 135.00
  • Tax Lot: 1
  • Tax Map Number: 26.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Jul 7, 2016
Sold by
Petrini Charles B and Petrini Norma A
Bought by
Mr P & Me Llc
Seller's Agent
Bryan Watkins
LRA Real Estate Group, LLC
Buyer's Agent
Kyle Pittman
Leassa Property Management
List Price
$139,000
Sold Price
$129,000
Premium/Discount to List
-$10,000
-7.19%
Total Days on Market
191
Current Estimated Value
$277,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,190
Avg. Annual Appreciation
9.20%
Original Mortgage
$103,200
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2003
Sold by
Morris Jill Ann and Johnson Jill
Bought by
Petrini Charles B and Petrini Norma A

Purchase Details

Closed on
Jan 23, 1996
Sold by
Mcquerry Charles L
Bought by
Johnson Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,500
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Range of Values:

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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
Mr P & Me Llc $129,000 Driggs Title Agency Inc
Petrini Charles B $135,000 Security Title Agency
Johnson Jill $95,000 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mr P And Me Llc $232,000
Closed Mr P & Me Llc $103,200
Previous Owner Johnson Jill $86,500
Closed Johnson Jill $3,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2016 06/08/16 Sold $129,000 -7.2% $79 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
11/09/2015 11/09/15 For Sale $139,000 -- $86 / 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 $2,514 $24,837 -- --
2024 $2,612 $24,394 -- --
2023 $2,612 $38,029 $24,888 $13,141
2022 $2,633 $39,970 $28,070 $11,900
2021 $2,741 $40,788 $28,872 $11,916
2020 $2,705 $39,582 $27,792 $11,790
2019 $2,528 $36,198 $24,984 $11,214
2018 $2,426 $32,184 $20,880 $11,304
2017 $2,354 $26,028 $19,332 $6,696
2016 $2,310 $23,130 $16,812 $6,318
2015 $2,231 $17,631 $12,173 $5,458
Source: Public Records

Agents Affiliated with this Home

  • Bryan Watkins

    Seller's Agent in 2016

    Bryan Watkins

    LRA Real Estate Group, LLC

    (480) 734-7878

    1 in this area

    45 Total Sales

    Bryan Watkins
    Section Image
  • Don Mortensen

    Seller Co-Listing Agent in 2016

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    2 in this area

    123 Total Sales

    Don Mortensen
    Section Image
  • Kyle Pittman

    Buyer's Agent in 2016

    Kyle Pittman

    Leassa Property Management

    (480) 427-0011

    3 Total Sales

    Kyle Pittman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5360184

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-26-001

Arizona Maricopa County Mesa 85201 Riverview

702 W University Dr, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 702 W University Dr, Mesa, AZ 85201 since 09 November 2015 and is currently estimated at $277,190, approximately $170 per square foot. This property was built in 1961. 702 W University Dr is a home located in Maricopa County with nearby schools including Franklin at Brimhall Elementary School, Emerson 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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