1005-1029 E UNIVERSITY Drive -, Mesa, AZ 85203
$820,000
Property Type:
Land
Lot Size (sq. ft.):
107,842
Status:
Closed
Current Price:
$820,000
List Date:
2/29/2020
Last Modified:
3/11/2020
Description
2.5 Acre Multi-Family Development Infill Opportunity within the Mesa Arizona Opportunity Zone. On hard corner. Property currently has 6 houses and is paved to serve as over flow parking for adjacent church. Close to Shopping, Dining and Entertainment with US 60 & 202 nearby for quick commute anywhere in the Valley. Wonderful School District. Adjacent to the desirable Frasers Subdivision. Fraser Fields is one of Mesa's historic neighborhoods with Ranch-style homes on large lots and close to Down Town Mesa.
More Information MLS# 5938461
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $820,000
Sold Price: $820,000
Status: Closed
List Date: 2019-06-05
Location, Tax & Legal
Lot #: -
Assessor's Map #: 20
Legal Description (Abbrev): BEG 1067.87F W OF NE COR SEC TH W 64.925F S 335.4 8F E 64.925F N 335.48F TO POB EX N 36F RD & EX S 6
Assessor's Parcel #: 21
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421502
Taxes: 5162
Map Code/Grid: R39
House Number: 1005-1029
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 8036
County Code: Maricopa
Assessor Number: 138-20-021-A
Tax Year: 2018
General Property Description
Apx Total Acres: 2.5
Apx Total Acres G/N: G
Price Per Acre: 400000
# Lots in Listing: 10
Apx SqFt: 107842
Price Per SqFt: 9.27
Apx SqFt G/N: G
Lot Size Dimensions: Assemblage
Zoning: RM-4
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: -
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 1000000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Existing Land Use
Residential Acreage: 1
Commercial Acreage: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
1.00 - 2.49 Acres: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Gas
None: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
None: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-451-3684
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University and Stapley
Directions: 2.5 Acres in the heart of Mesa. Close to down town and 1/2 mile to the light rail station
Geo Lat: 33.422164
Geo Lon: -111.809417
Status Change Info
Off Market Date: 2020-02-29
Under Contract Date: 2019-09-11
Close of Escrow Date: 2020-03-10
Sold Price: $820,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Acreage; Commercial Acreage
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Listing Office:
LRA Real Estate Group, LLC
Last Updated: March - 11 - 2020
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