NOT LISTED FOR SALE

7601 E University Dr Unit h Mesa, AZ 85207

Central Mesa East Neighborhood

Estimated Value: $324,000 - $975,000

1.69 Acres
$349,707 Price per Acre
73,616 Sq Ft Lot

Last Sold July 05, 2019

Last sale price $300,000

Est. 97% increase in value since last sale

Current estimated payment $3,396/month

66 Days on Market

Highlights

  • 1.69 Acre Lot
  • Corner Lot
  • No HOA
  • Franklin at Brimhall Elementary School Rated A

About This Lot

As of July 2019

Great corner location within 2 miles of Loop 202. Approximately 330 feet frontage on University. Per the City of Mesa, could be re-zoned (currently R1-9) and seller will cooperate with any zoning change.

Last Listed By

Rick Padelford

Realty Executives License #SA030962000 Listed on: 03/12/2018

Realty Executives

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,240

Lot Details

  • 1.69 Acre Lot
  • Corner Lot
  • Property is zoned R1-9

Community Details

  • No Home Owners Association
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Tax Lot h
  • Assessor Parcel Number 218-24-001-h

Property Details

Property Type

Land

Est. Annual Taxes

$1,240

Lot Details

0

Listing Details

  • Cross Street: SE Corner of University and Sossaman
  • Legal Info Range: 7E
  • Property Type: Land
  • Development Status: Plans Available
  • Zoning: R1-9
  • Tax Year: 2017
  • Directions: Loop 202 (from US60) to University, West to Sossaman. Property is in the SE corner of University and Sossaman.
  • Lot Size Acres: 1.69
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Subdivision Name: Metes and Bounds
  • Tax Parcel Letter: h
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Retail, Single Family, Multi-Family, Commercial, Office

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Dual Street Ftg
  • Disclosures: Appraisal
  • Other Structures: None

Utilities

  • Electric: Other (See Rmks)

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 330x223
  • Lot Size Sq Ft: 73616.0
  • Additional Parcels: No
  • Parcel #: 218-24-001-h
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1240.0
  • Tax Book Number: 218.00
  • Tax Lot: h
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
Jun 10, 2019
Sold by
Lorac Inc
Bought by
Lavigna Investments Corporation
Seller's Agent
Rick Padelford
Realty Executives
Buyer's Agent
Travis Hansen
Clearview Realty, Inc.
List Price
$300,000
Sold Price
$300,000
Total Days on Market
66
Current Estimated Value
$591,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,004
Avg. Annual Appreciation
12.45%

Purchase Details

Closed on
Jun 29, 2010
Sold by
Theisen J Greg
Bought by
Lorac Inc Restated Defined Benefit Pensi

Purchase Details

Closed on
Sep 26, 2006
Sold by
Marco Realty Co
Bought by
Theisen J Greg

Purchase Details

Closed on
Nov 8, 1994
Sold by
Crisko
Bought by
Marco Realty Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,500
Interest Rate
9.28%
Mortgage Type
Purchase Money Mortgage

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
Lavigna Investments Corporation $300,000 Landmark Ttl Assurance Agcy
Lorac Inc Restated Defined Benefit Pensi -- None Available
Theisen J Greg $1,100,000 None Available
Marco Realty Co $204,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Theisen J Greg $1,000,000
Previous Owner Marco Realty Co $107,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2019 07/05/19 Sold $300,000 0.0% --
05/17/2018 05/17/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $300,000 -- --
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
2023 $1,427 $42,015 $42,015 --
2022 $1,427 $31,455 $31,455 $0
2021 $1,445 $30,045 $30,045 $0
2020 $1,426 $29,475 $29,475 $0
2019 $1,332 $28,245 $28,245 $0
2018 $1,279 $26,175 $26,175 $0
2017 $1,240 $18,120 $18,120 $0
2016 $1,217 $22,365 $22,365 $0
2015 $1,220 $26,112 $26,112 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Padelford

    Seller's Agent in 2019

    Rick Padelford

    Realty Executives

    (602) 690-9120

    32 Total Sales

    Rick Padelford
    Section Image

  • T

    Buyer's Agent in 2019

    Travis Hansen

    Clearview Realty, Inc.

    (480) 222-5885

    28 Total Sales

    Travis Hansen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5735716

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-24-001H

Arizona Maricopa County Mesa 85207 Central Mesa East

7601 E University Dr Unit h, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 7601 E University Dr Unit h, Mesa, AZ 85207 since 12 March 2018 and is currently estimated at $591,004. 7601 E University Dr Unit h is a home located in Maricopa County with nearby schools including Salk 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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