Seller's Agent in 2025
Ray Whitby
RW Realty Brokers
(480) 251-1313
1 in this area
20 Total Sales
840 W University Dr Mesa, AZ 85201
Riverview Neighborhood
--
Bed
--
Bath
8,820
Sq Ft
0.52
Acres
Highlights
- 0.52 Acre Lot
- Central Air
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Concrete Flooring
About This Home
As of April 2025Exceptional investment opportunity in the heart of a thriving business district across the street from a huge strip mall with many restaurants and services. This is a remarkable commercial strip mall for for the savvy investor as offices (what they are now)- or to use as a value add project and make apartments. Strategically located with immense potential and already has lucrative returns as office space. - Could also be a prime retail destination as well as apartment living. 11 Units (1-2story large chiropractic office rented) 2- single level offices with a total of 9 bathrooms (2-exterior accessed bathrooms)1 of the units is rented for 1500/mo, and the large 2 story chiropractic office is rented for 3500/mo. The property was in a long eviction court proceeding from previous owner and
Last Agent to Sell the Property
RW Realty Brokers License #BR512102000 Listed on: 03/12/2025
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,097
Year Built
- Built in 1973
Lot Details
- 0.52 Acre Lot
- Property is zoned M-H
Home Design
- Foam Roof
- Block Exterior
Interior Spaces
- 8,820 Sq Ft Home
- Concrete Flooring
Parking
- 20 Open Parking Spaces
- 27 Parking Spaces
- 7 Covered Spaces
- Private Parking
Utilities
- Central Air
- Heating Available
Community Details
- Clement Place Subdivision
- Operating Expense $8,097
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 135-27-011-B
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2025
Closed on
Apr 23, 2025
Sold by
840 W University Dr Llc
Bought by
Green Island Investments Llc
Seller's Agent
Ray Whitby
RW Realty Brokers
Buyer's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
Views
50
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$857,317
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 18, 2023
Sold by
Petunia Six Llc
Bought by
840 W University Dr Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
7.76%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 12, 2023
Sold by
Gerald E Martin Family Lllp
Bought by
Petunia Six Llc
Purchase Details
Closed on
Dec 29, 1998
Sold by
Martin Gerald E and Gerald E Martin Sr Trust
Bought by
Gerald E Martin Family Lllp
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,150,000 | Empire Title Agency | |
| Warranty Deed | $895,000 | Empire Title Agency | |
| Special Warranty Deed | $780,000 | Wfg National Title Insurance C | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Seller Take Back | |
| Previous Owner | $845,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Sold | $1,150,000 | -3.8% | $130 / Sq Ft |
| 03/12/2025 03/12/25 | For Sale | $1,195,000 | -- | $135 / 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 | $7,892 | $79,989 | -- | -- |
| 2024 | $8,410 | $78,561 | -- | -- |
| 2023 | $8,410 | $128,622 | $44,132 | $84,490 |
| 2022 | $8,479 | $137,796 | $41,178 | $96,618 |
| 2021 | $8,827 | $122,022 | $42,354 | $79,668 |
| 2020 | $8,713 | $112,572 | $41,562 | $71,010 |
| 2019 | $8,140 | $75,348 | $36,864 | $38,484 |
| 2018 | $7,813 | $76,788 | $35,028 | $41,760 |
| 2017 | $7,580 | $65,340 | $32,436 | $32,904 |
| 2016 | $7,439 | $63,414 | $28,206 | $35,208 |
| 2015 | $7,186 | $57,480 | $20,683 | $36,797 |
Source: Public Records
Agents Affiliated with this Home
-
Ray Whitby
-
Daniel Shreeve
D
Buyer's Agent in 2025
Daniel Shreeve
Arizona Platinum Properties LLC
(480) 600-4307
1 in this area
30 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6834216
APN: 135-27-011B
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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