NOT LISTED FOR SALE

7448 E Main St Mesa, AZ 85207

Central Mesa East Neighborhood

Estimated Value: $2,923,810

Studio
-- Bath
6,624 Sq Ft
$441/Sq Ft Est. Value

Sale Details

Date Sold: April 14, 2020

Last sale price $1,920,000 $290 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $17,094 / mo

209 Days on Market

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

Last Buyer's Agent

Joel Stalder

RETSY License #BR688481000

RETSY

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $15,462

Year Built

  • Built in 2001

Lot Details

  • 30,056 Sq Ft 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

Property Details

Property Type

Other

Est. Annual Taxes

$15,462

Year Built

Built in 2001

Lot Details

0.69 Acres

Listing Details

  • Cross Street: E Main St & S Sossaman Rd
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: C-C
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2001
  • Tax Year: 2018
  • Lot Size Acres: 0.69
  • Subdivision Name: SUNVALLEY PLAZA LOT 1-8
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 6624.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Parcel #: 218-16-032
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 132264.0
  • Annual Operating Expense: 15462.0

Tax Info

  • Tax Annual Amount: 15462.0
  • Tax Book Number: 218.00
  • Tax Lot: 3
  • Tax Map Number: 16.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2019
Closed on
Apr 11, 2020
Sold by
Bought by
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
$2,923,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,003,810
Avg. Annual Appreciation
6.95%
Original Mortgage
$1,344,000
Interest Rate
0.034%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2001
Sold by
Bought by

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
0.0708%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 4, 2001
Sold by
Bought by

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
0.0708%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 22, 1996
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 1996
Sold by
Bought by

Purchase Details

Closed on
Sep 16, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,920,000 Commonwealth Title
$100,000 Chicago Title Insurance Co
$100,000 Chicago Title Insurance Co
-- --
-- --
$110,785 Chicago Title Insurance Co
-- Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,344,000
Previous Owner $1,300,000
Previous Owner $500,000
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • T

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image
  • Joel Stalder

    Buyer's Agent in 2020

    Joel Stalder

    RETSY

    (360) 362-0085

    14 Total Sales

    Joel Stalder
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5956138

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-16-032

Arizona Maricopa County Mesa 85207 Central Mesa East

7448 E Main St, Mesa, AZ

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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