T
Seller's Agent in 2020
Tanner Milne
The Menlo Group Commercial Real Estate
7448 E Main St Mesa, AZ 85207
Central Mesa East NeighborhoodEstimated Value: $2,853,613
Studio
--
Bath
6,624
Sq Ft
$431/Sq Ft
Est. Value
About This Home
As of April 2020• Dental Office - 10 Year Lease Term
• True NNN Lease
• $19.97 PSF NNN Rent
• 100% Occupied
• Great Sale/Leaseback Opportunity
• Sale Price: $1,959,466 ($298.81 PSF)
• Approximately 6,624 SF
• Great Mesa Location
• Frontage Along Main St
• High Demographics Neighborhood
• Business and Retail Amenities
Last Agent to Sell the Property
Tanner Milne
The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 07/24/2019
Property Details
Property Type
- Other
Est. Annual Taxes
- $15,462
Year Built
- Built in 2001
Lot Details
- 0.69 Acre Lot
- Property is zoned C-C
Home Design
- 6,624 Sq Ft Home
Parking
- 24 Open Parking Spaces
- 24 Parking Spaces
- Paved Parking
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 218-16-032
Community Details
Overview
- Sunvalley Plaza Lot 1 8 Subdivision
Building Details
- Operating Expense $15,462
- Net Operating Income $132,264
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2019
Closed on
Apr 11, 2020
Sold by
Erawa Llc
Bought by
Ktn Mesa 7448 Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Joel Stalder
RETSY
List Price
$1,959,466
Sold Price
$1,920,000
Premium/Discount to List
-$39,466
-2.01%
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
$933,613
Avg. Annual Appreciation
7.13%
Original Mortgage
$1,344,000
Outstanding Balance
$1,190,621
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$1,662,992
Purchase Details
Closed on
Jan 19, 2001
Sold by
Williams Wayne G and Williams Sylvia
Bought by
Erawa Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 4, 2001
Sold by
Sandstrom Paul R
Bought by
Williams Wayne G and Williams Sylvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 22, 1996
Sold by
Sdl Inc
Bought by
Sandstrom Paul R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 21, 1996
Sold by
Sandstrom Paul R and Sandstrom Heather B
Bought by
Sdl Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 16, 1996
Sold by
Cass Evelyn L
Bought by
Sandstrom Paul R and Sandstrom Heather B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 6, 1996
Sold by
Cass Eugene Lynn
Bought by
Cass Evelyn L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.37%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ktn Mesa 7448 Llc | $1,920,000 | Commonwealth Title | |
| Erawa Llc | $100,000 | Chicago Title Insurance Co | |
| Williams Wayne G | $100,000 | Chicago Title Insurance Co | |
| Sandstrom Paul R | -- | -- | |
| Sdl Inc | -- | -- | |
| Sandstrom Paul R | $110,785 | Chicago Title Insurance Co | |
| Cass Evelyn L | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ktn Mesa 7448 Llc | $1,344,000 | |
| Previous Owner | Erawa Llc | $100,000 | |
| Previous Owner | Sandstrom Paul R | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2020 04/14/20 | Sold | $1,920,000 | -2.0% | $290 / Sq Ft |
| 02/18/2020 02/18/20 | Pending | -- | -- | -- |
| 07/24/2019 07/24/19 | For Sale | $1,959,466 | -- | $296 / 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 | $15,619 | $158,309 | -- | -- |
| 2024 | $16,645 | $155,482 | -- | -- |
| 2023 | $16,645 | $217,702 | $59,211 | $158,491 |
| 2022 | $16,781 | $200,008 | $52,220 | $147,788 |
| 2021 | $17,471 | $203,634 | $53,712 | $149,922 |
| 2020 | $17,243 | $185,760 | $51,840 | $133,920 |
| 2019 | $16,110 | $162,702 | $47,142 | $115,560 |
| 2018 | $15,462 | $140,058 | $28,782 | $111,276 |
| 2017 | $15,001 | $169,380 | $26,640 | $142,740 |
| 2016 | $14,723 | $142,308 | $23,778 | $118,530 |
| 2015 | $14,222 | $117,919 | $15,207 | $102,712 |
Source: Public Records
Agents Affiliated with this Home
-
-
Joel Stalder
Buyer's Agent in 2020
Joel Stalder
RETSY
(360) 362-0085
20 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5956138
APN: 218-16-032
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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