NOT LISTED FOR SALE

723 E University Dr Mesa, AZ 85203

Temple Neighborhood

Estimated Value: $397,000 - $485,000

-- Bed
-- Bath
8,400 Sq Ft
$53/Sq Ft Est. Value

Last Sold January 17, 2020

Last sale price $340,000 $40 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,698/month

6 Days on Market

Highlights

  • Wood Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Air

About This Home

As of January 2020

This space is perfect for the creative small business owner looking to move their office &/or create some added value by improving the property some. The original building/office was built in 1950, is 1901 sqft., and has an owned solar unit on it. Currently being used by the Owner/Seller as office space for their business. The furthest South building was built in 2012, was not permitted, and is approximately 5152 sqft. This building could be used for additional office space or housing with some work. The garage building just to the north of that building was built in 2014, is 1404 sqft plus a storage loft, and was also not permitted. This would be great for someone needing to work out of a garage or secured garage storage at their office. Also for lease.

Last Listed By

Shane Cook

eXp Realty License #SA585717000 Listed on: 11/21/2019

eXp Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,721

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot
  • Block Wall Fence
  • Property is zoned C1

Home Design

  • 8,400 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 14 Parking Spaces
  • 4 Covered Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 3 Buildings
  • Operating Expense $2,721

Listing and Financial Details

  • Assessor Parcel Number 138-23-066-A

Property Details

Property Type

Other

Est. Annual Taxes

$2,721

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & University
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C1
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2019
  • Directions: On the S. Side of University between Mesa Dr. and Horne.
  • Lot Size Acres: 0.3
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl, Wood, Concrete
  • Living Area: 8400.0

Exterior Features

  • Fencing: Block
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks, Frame - Wood, Stucco, Block
  • Roof: See Remarks, Composition, Foam
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other (See Remarks), Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Office A/C
  • Heating: Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Parcel #: 138-23-066-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 2721.0
  • Leasable Area: 6556.0

Tax Info

  • Tax Annual Amount: 2721.0
  • Tax Book Number: 138.00
  • Tax Lot: 0
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2022
Sold by
Cs Investment Holdings Llc
Bought by
Johnson David
Total Days on Market
6
Current Estimated Value
$443,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,327
Outstanding Balance
$299,492
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$160,335

Purchase Details

Listed on
Nov 21, 2019
Closed on
Jan 19, 2020
Sold by
Horacek Jonathan W and Horacek Yvonne L
Bought by
Cs Investments Llc
Seller's Agent
Shane Cook
eXp Realty
Buyer's Agent
Shane Cook
eXp Realty
List Price
$399,900
Sold Price
$340,000
Premium/Discount to List
-$59,900
-14.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$320,000
Interest Rate
3.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 27, 2005
Sold by
R & M Security Systems Inc
Bought by
Horacek Jonathan W and Horacek Yvonne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1995
Sold by
Krecek John and Krecek Debra L
Bought by
R & M Security Systems Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
7.92%
Mortgage Type
Commercial

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 Buyer Sale Price Title Company
Johnson David $420,069 New Title Company Name
Cs Investments Llc $340,000 Empire West Title Agency Llc
Horacek Jonathan W $310,000 Fidelity National Title
R & M Security Systems Inc $125,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson David $318,327
Previous Owner Cs Investments Llc $320,000
Previous Owner Horacek Jonathan W $248,000
Previous Owner R & M Security Systems Inc $93,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2020 01/17/20 Sold $340,000 -15.0% $40 / Sq Ft
11/21/2019 11/21/19 For Sale $399,900 0.0% $48 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
11/14/2019 11/14/19 For Sale $399,900 -- $48 / 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 $2,706 $26,736 -- --
2024 $2,811 $26,259 -- --
2023 $2,811 $45,271 $27,098 $18,173
2022 $2,834 $39,655 $22,995 $16,660
2021 $2,951 $34,488 $23,652 $10,836
2020 $2,912 $29,520 $16,272 $13,248
2019 $2,721 $26,424 $16,416 $10,008
2018 $2,611 $30,384 $13,914 $16,470
2017 $2,534 $23,760 $14,076 $9,684
2016 $2,487 $21,618 $12,564 $9,054
2015 $2,402 $19,037 $10,064 $8,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6004626

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-23-066A