Seller's Agent in 2020
Walter Unger, CCIM
West USA Realty
(480) 948-5554
7303 E Main St Mesa, AZ 85207
Central Mesa East NeighborhoodEstimated Value: $1,820,614
1
Bed
--
Bath
17,980
Sq Ft
$101/Sq Ft
Est. Value
Highlights
- 1.69 Acre Lot
- Central Air
- Concrete Flooring
- Franklin at Brimhall Elementary School Rated A
About This Home
As of January 2020INVESTMENT 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 Agent to Sell the Property
West USA Realty License #BR511606000 Listed on: 05/28/2019
Property Details
Property Type
- Other
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,614
Avg. Annual Appreciation
7.25%
Original Mortgage
$750,000
Outstanding Balance
$662,655
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,163,858
Purchase Details
Closed on
May 23, 2007
Sold by
Weathervane Plaza Llc
Bought by
Weathervane Plaza Llc
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
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Home Values in the Area
Average Home Value in this Area
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 | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $17,428 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Walter Unger, CCIM
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5931885
APN: 218-18-001Q
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.
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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