NOT LISTED FOR SALE

961 W Main St Unit 1 Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $893,249

-- Bed
-- Bath
5,665 Sq Ft
$158/Sq Ft Est. Value

Last Sold January 02, 2017

Last sale price $425,000 $75 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $5,663/month

327 Days on Market

Highlights

  • 0.54 Acre Lot
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of January 2017

Restaurant property with dance floor, Karaoke, large group capacity; large lot (0,54 acres), large size space (5,665 sf); on light rail, developing area. Mesa City is allowing up to 5 stories in new construction along light rail (Walkable Urban zoning).

The subject property is located at 961 W Main St, Mesa, Maricopa County, Arizona. The subject property is in a good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is generally good but older in terms of retail, commercial and residential use. The subject benefits from heavy commuter and local traffic along Main Street. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail extension.

Last Listed By

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000 Listed on: 01/15/2016

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,319

Year Built

  • Built in 1974

Lot Details

  • 0.54 Acre Lot
  • Property is zoned GC, C-3

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 5,665 Sq Ft Home
  • Concrete Flooring

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Operating Expense $7,319

Listing and Financial Details

  • Assessor Parcel Number 134-03-008-E

Property Details

Property Type

Other

Est. Annual Taxes

$7,319

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Main St & Extension
  • Property Type: Comm/Industry Sale
  • Zoning: GC, C-3
  • Current Use: Retail, Restaurant
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2015
  • Directions: W on Main St to property on South side of street
  • Lot Size Acres: 0.54
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: n/a
  • Structure Type: Commercial
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: See Remarks, Foam
  • Construction:Block: Yes

Garage/Parking

  • 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: City Electric
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 23671.0
  • Additional Parcels: No
  • Parcel #: 134-03-008-E
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7319.0

Tax Info

  • Tax Annual Amount: 7319.0
  • Tax Book Number: 134.00
  • Tax Lot: n/a
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2016
Closed on
Dec 29, 2016
Sold by
Desai Mahesh S and Desai Deena M
Bought by
Leveille Properties Llc
Seller's Agent
Bryan Watkins
LRA Real Estate Group, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%
Total Days on Market
327
Current Estimated Value
$893,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,249
Avg. Annual Appreciation
9.25%
Original Mortgage
$374,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 2008
Sold by
Persephone Development Lc
Bought by
Mahesh S & Deena M Desai Rv Trust

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
Leveille Properties Llc $425,000 Security Title Agency Inc
Mahesh S & Deena M Desai Rv Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leveille Properties Llc $350,000
Closed Leveille Properties Llc $374,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2017 01/02/17 Sold $425,000 -10.5% $75 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
01/13/2016 01/13/16 For Sale $475,000 -- $84 / Sq Ft
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
2025 $8,247 $81,471 -- --
2024 $8,566 $80,016 -- --
2023 $8,566 $122,400 $57,375 $65,025
2022 $8,636 $116,183 $56,245 $59,938
2021 $8,991 $112,572 $52,128 $60,444
2020 $8,874 $100,314 $40,374 $59,940
2019 $8,291 $93,726 $35,730 $57,996
2018 $7,957 $88,704 $32,958 $55,746
2017 $7,720 $95,382 $30,510 $64,872
2016 $7,577 $70,488 $26,532 $43,956
2015 $7,319 $57,832 $23,255 $34,577
Source: Public Records

Agents Affiliated with this Home

  • Bryan Watkins

    Seller's Agent in 2017

    Bryan Watkins

    LRA Real Estate Group, LLC

    (480) 734-7878

    1 in this area

    46 Total Sales

    Bryan Watkins
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5383548

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-03-008E

Arizona Maricopa County Mesa 85201 West Main

961 W Main St Unit 1, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 961 W Main St Unit 1, Mesa, AZ 85201 since 15 January 2016 and is currently estimated at $893,249, approximately $157 per square foot. This property was built in 1974. 961 W Main St Unit 1 is a home located in Maricopa County with nearby schools including Webster 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