NOT LISTED FOR SALE

Mesa, AZ 85203

Reed Park Neighborhood
Studio
-- Bath
4,801 Sq Ft
0.6 Acres

Last Sold September 23, 2013

Last sale price $220,000 $46 Per Sq Ft

31 Days on Market

Highlights

  • Gated Community
  • 0.6 Acre Lot
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of September 2013

Nice and very well maintained Medical office space. This property has two separate office suites. They share a common courtyard and parking. The property is fully fenced and has easy electric gates. 28 parking spaces and perfect for a new owner to add covered parking.

Last Agent to Sell the Property

Sherri L Kelley

Go Realty, LLC License #BR102728000 Listed on: 07/08/2013

Co-Listed By

Brad Kelley

Go Realty, LLC License #BR510385000

Last Buyer's Agent

Stephen Cross, CCIM

Cross Commercial Realty Advisors,LLC. License #BR013129000

Property Details

Property Type

  • Other

Year Built

  • Built in 1974

Lot Details

  • 0.6 Acre Lot
  • Block Wall Fence
  • Property is zoned R-4

Home Design

  • 4,801 Sq Ft Home
  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • 2 Buildings
  • Reception Area
  • Operating Expense $7,856
  • Gated Community

Listing and Financial Details

  • Tax Lot sectional
  • Assessor Parcel Number 138-68-003-A

Property Details

Property Type

Other

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Gilbert and University
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1974
  • Tax Year: 2012
  • Lot Size Acres: 0.6
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: grge01
  • Co List Office Phone: 480-695-1257
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile

Exterior Features

  • Fencing: Block
  • Construction Type: Frame - Wood, Stucco
  • Roof: Foam
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:Paved Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C, Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Reception Room, Security Gate
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 26136.0
  • Parcel #: 138-68-003-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7856.0

Tax Info

  • Tax Annual Amount: 7856.0
  • Tax Book Number: 138.00
  • Tax Lot: sectional
  • Tax Map Number: 68.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2013
Closed on
Sep 18, 2013
Sold by
Utman Michael W
Bought by
Medical Arts Plaza Lc
Seller's Agent
Sherri L Kelley
Go Realty, LLC
Buyer's Agent
Stephen Cross, CCIM
Cross Commercial Realty Advisors,LLC.
List Price
$350,000
Sold Price
$220,000
Premium/Discount to List
-$130,000
-37.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$253,317
Interest Rate
4.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2007
Sold by
Utman Michael W
Bought by
City Of Mesa
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

Date Buyer Sale Price Title Company
Medical Arts Plaza Lc $220,000 Lawyers Title Of Arizona Inc
City Of Mesa -- Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medical Arts Plaza Lc $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2013 09/23/13 Sold $220,000 -37.1% $46 / Sq Ft
08/08/2013 08/08/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $350,000 -- $73 / 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 $5,657 $57,337 -- --
2024 $6,029 $56,313 -- --
2023 $6,029 $94,656 $41,072 $53,584
2022 $6,078 $98,228 $40,530 $57,698
2021 $6,328 $87,444 $41,688 $45,756
2020 $6,245 $84,762 $28,638 $56,124
2019 $5,835 $58,878 $28,494 $30,384
2018 $5,600 $60,138 $28,242 $31,896
2017 $5,433 $51,444 $26,136 $25,308
2016 $5,332 $53,190 $23,346 $29,844
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sherri L Kelley

    Go Realty, LLC

  • B

    Seller Co-Listing Agent in 2013

    Brad Kelley

    Go Realty, LLC

  • Stephen Cross, CCIM

    Buyer's Agent in 2013

    Stephen Cross, CCIM

    Cross Commercial Realty Advisors,LLC.

    (480) 998-7998

    Stephen Cross, CCIM
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4964148

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-68-003A

Arizona Maricopa County Mesa 85203

Reed Park

Not Listed for Sale

Other

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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