NOT LISTED FOR SALE

7303 E Main St Mesa, AZ 85207

Central Mesa East Neighborhood

Estimated Value: $1,845,384

1 Bed
-- Bath
17,980 Sq Ft
$103/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $1,200,000 $67 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $11,721/month

168 Days on Market

Highlights

  • 1.69 Acre Lot
  • Central Air
  • Concrete Flooring
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of January 2020

INVESTMENT PROPERTY – CAP 7.00 % - RETAIL - OFFICE STRIP CENTER Retail Strip center with very low rents in one of the fastest growing areas in the US. Close to the Mesa Gateway Airport, the East Valley is comprised of cities such as Tempe, Mesa, Chandler, Apache Junction, Gilbert and the Town of Queen Creek. It is a national initiative to advance business and quality of life in this region, including expansion of high-tech job growth. The East Valley has become an ideal location for those seeking an environment that is well-suited for innovative entrepreneurs as well as prospering businesses looking to expand and/or relocate. This area is a hotbed for innovation and near the expansion of the 275-square-mile Superstition Vista project that is master-planned for 800,000 people as well as

Last Listed By

Walter Unger, CCIM

West USA Realty License #BR511606000 Listed on: 05/28/2019

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,882

Year Built

  • Built in 1989

Lot Details

  • 1.69 Acre Lot
  • Property is zoned C2

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 17,980 Sq Ft Home
  • Concrete Flooring

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Operating Expense $74,817
  • Gross Income $178,204
  • Net Operating Income $103,387

Listing and Financial Details

  • Assessor Parcel Number 218-18-001-Q

Property Details

Property Type

Other

Est. Annual Taxes

$17,882

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Cross Street: Main St & 74th St
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Current Use: Retail
  • Number Of Buildings: 1
  • Year Built: 1989
  • Lot Size Acres: 1.69
  • Structure Type: Commercial
  • Tax Parcel Letter: Q
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Public Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 73766.0
  • Additional Parcels: No
  • Parcel #: 218-18-001-Q
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 178204.0
  • Property Net Operating Income: 103387.0
  • Annual Operating Expense: 74817.0

Tax Info

  • Tax Book Number: 218.00
  • Tax Lot: -
  • Tax Map Number: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Jan 13, 2020
Sold by
Weathervane Plaza Llc
Bought by
Tridowell Plaza Llc
Seller's Agent
Walter Unger, CCIM
West USA Realty
Buyer's Agent
Walter Unger, CCIM
West USA Realty
List Price
$1,500,000
Sold Price
$1,200,000
Premium/Discount to List
-$300,000
-20%
Total Days on Market
168
Current Estimated Value
$1,845,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,384
Avg. Annual Appreciation
8.41%
Original Mortgage
$750,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2007
Sold by
Weathervane Plaza Llc
Bought by
Weathervane Plaza Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2004
Sold by
Weathervane Plaza Llc
Bought by
Weathervane Plaza Llc and Weathervane Plaza Of Mesa Llc

Purchase Details

Closed on
May 28, 1997
Sold by
Citibank
Bought by
Holt Park Villa Llc

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
Tridowell Plaza Llc $1,200,000 American Title Svc Agcy Llc
Weathervane Plaza Llc -- None Available
Weathervane Plaza Llc -- --
Weathervane Plaza Llc -- --
Weathervane Plaza Llc -- --
Holt Park Villa Llc $1,680,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tridowell Plaza Llc $1,026,000
Closed Tridowell Plaza Llc $750,000
Previous Owner Weathervane Plaza Llc $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2020 01/15/20 Sold $1,200,000 -20.0% $67 / Sq Ft
05/28/2019 05/28/19 For Sale $1,500,000 -- $83 / 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 $17,882 $176,480 -- --
2024 $18,572 $173,328 -- --
2023 $18,572 $257,516 $62,424 $195,092
2022 $18,720 $246,050 $57,820 $188,230
2021 $19,495 $253,782 $59,472 $194,310
2020 $19,242 $256,518 $58,230 $198,288
2019 $17,980 $247,464 $53,496 $193,968
2018 $17,258 $250,200 $58,248 $191,952
2017 $16,745 $223,704 $53,928 $169,776
2016 $16,434 $201,528 $48,150 $153,378
2015 $15,877 $125,272 $34,609 $90,663
Source: Public Records

Agents Affiliated with this Home

  • Walter Unger, CCIM

    Seller's Agent in 2020

    Walter Unger, CCIM

    West USA Realty

    (480) 948-5554

    1 Total Sale

    Walter Unger, CCIM
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5931885

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-18-001Q

Arizona Maricopa County Mesa 85207 Central Mesa East

7303 E Main St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 7303 E Main St, Mesa, AZ 85207 since 28 May 2019 and is currently estimated at $1,845,384, approximately $102 per square foot. This property was built in 1989. 7303 E Main St is a home located in Maricopa County with nearby schools including Jefferson 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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