$535,000
SOLD APR 30, 2021
-- Bed
-- Bath
4,153 Sq Ft
1.06 Acres

Recently Sold

$129 Per Sq Ft

7% Below List Price

315 Days on Market

Highlights

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

About This Home

As of March 2023

Highly successful Italian restaurant on Apache Trail (Main Street) in East Mesa. Roma Cafe has been in business for 15 years - 10 years in this location. The list price includes the real property as well as the assets of the business. All F, F & E, inventory, good will and non-compete agreement is included. The building has been carefully maintained and has a drive-thru capability as well as ample parking in this parcel which is over an acre. Do not disturb the occupants.

Last Agent to Sell the Property

George Bliss

ProSmart Realty License #SA110285000 Listed on: 03/27/2020

ProSmart Realty

Co-Listed By

Sean Brown

Realty ONE Group License #BR682879000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,330

Year Built

  • Built in 1984

Lot Details

  • 1.06 Acre Lot
  • Property is zoned C-2

Home Design

  • 4,153 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 32 Open Parking Spaces
  • 32 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Sunrise Properties 1 Amendment 2 Tr A G Subdivision
  • Community Kitchen
  • Operating Expense $33,594

Listing and Financial Details

  • Assessor Parcel Number 218-17-027-A

Property Details

Property Type

Other

Est. Annual Taxes

$11,330

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 72nd Street
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: From US 60, north on Power Road, east on Main Street to property. From SR 202 Red Mountain Freeway, west on Main Street to property.
  • Lot Size Acres: 1.06
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: brel001
  • Co List Office Phone: 480-235-3617
  • Subdivision Name: SUNRISE PROPERTIES 1 AMENDMENT 2 TR A-G
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 4153.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 32.0
  • Total Parking Spaces: 32.0
  • General Property Description:Uncvrd Parking Spcs: 32.0
  • General Property Description:Total Parking Spcs: 32.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Other (See Remarks), Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Other (See Remarks)32: Yes

Fee Information

  • Annual Fuel Expense: 2400.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size Sq Ft: 46174.0
  • Parcel #: 218-17-027-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 9600.0
  • Insurance Expense: 2664.0
  • Maintenance Expense: 1800.0
  • Annual Operating Expense: 33594.0

Tax Info

  • Tax Annual Amount: 11330.0
  • Tax Book Number: 218.00
  • Tax Lot: 000
  • Tax Map Number: 17.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2022
Closed on
Mar 8, 2023
Sold by
7210 East Main St Llc
Bought by
Laundrolab East Mesa Llc
Seller's Agent
Sean Brown
Realty ONE Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$850,000
Sold Price
$730,000
Premium/Discount to List
-$120,000
-14.12%
Current Estimated Value
$776,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,830
Avg. Annual Appreciation
2.66%

Purchase Details

Listed on
Mar 27, 2020
Closed on
Apr 26, 2021
Sold by
Magliozzi Anthony and Magliozzi Anna
Bought by
7210 East Main St Llc
Seller's Agent
George Bliss
ProSmart Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.29%

Purchase Details

Closed on
Mar 9, 2011
Sold by
Gaeta Foods
Bought by
Magliozzi Anthony and Magliozzi Anna

Purchase Details

Closed on
Jun 28, 2010
Sold by
Charleston Central Center Llc
Bought by
Gaeta Foods Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2004
Sold by
New Plan Excel Realty Trust Inc
Bought by
Charleston Central Center Llc and Oakwood Custom Home Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 1994
Sold by
Crossland Fsb
Bought by
Excel Realty Trust Inc
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 $730,000 Chicago Title Agency
Special Warranty Deed $535,000 Old Republic Title Agency
Deed -- None Available
Special Warranty Deed $400,000 First American Title
Special Warranty Deed $3,100,000 First American Title
Cash Sale Deed $3,000,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Commercial
Previous Owner $3,500,000 Unknown
Previous Owner $2,700,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2023 03/08/23 Sold $730,000 -14.1% $176 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
12/21/2022 12/21/22 For Sale $850,000 +58.9% $205 / Sq Ft
04/30/2021 04/30/21 Sold $535,000 -7.0% $129 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
03/27/2020 03/27/20 For Sale $575,000 -- $138 / 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 $11,270 $111,338 -- --
2024 $11,707 $109,350 -- --
2023 $11,707 $182,444 $42,194 $140,250
2022 $11,802 $173,933 $42,193 $131,740
2021 $12,287 $177,390 $43,398 $133,992
2020 $12,127 $176,418 $42,174 $134,244
2019 $11,330 $167,958 $38,934 $129,024
2018 $10,875 $107,262 $40,266 $66,996
2017 $10,550 $108,954 $37,278 $71,676
2016 $10,354 $99,504 $33,282 $66,222
2015 $10,002 $79,033 $27,880 $51,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6057657

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-17-027A