Huge lot zoned MF! Renovate this home or demo everything and build a Multi-Family property! Plans for a four-plex have already been started and available at not extra cost if you wish to proceed with building a 4 Plex. Had to go through (DIP) review which is a Development Incentive Permit with the City of Mesa and it was pre-approved through the City Council and only a few things need to be completed for the DIP process and to move forward with plan review with the planning and development department at City of Mesa. Property is centrally located and close to Mesa Riverview shopping center, Tempe Marketplace, the 101 and the 202 and down the street from the Cubs stadium! It is a great area and has lots of potential with whichever exit strategy is chosen.
Property Details
Property Features
Property Information:
Year Built: 1947
Stories: 1
Living Area: 1,342 SqFt
Listing Office:
Office Name: Balboa Realty, LLC
Office Phone: (602) 899-6675
Listing Agent: Jose Carreon, Jose Lopez
Interior Features
Interior Information:
Interior: 3/4 Bath Master Bdrm
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.46 Acres
Utilities
Utilities Information:
Heating: Electric
Price Information
Listing Price Info
Price Summary:
List Price: $315,500
Price Per SqFt: $235/SqFt
Tax Information:
Annual Amount: $1,060
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,642
Per Month
Principal & Interest
$1,575
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,012
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Emerson Elementary School
415 N Westwood
Distance between this listing and this school0.67 miles
Public District Grades PK-6
10
/10
Concordia Charter School
142 N Date
Distance between this listing and this school0.85 miles
Public Charter Grades KG-6
2
/10
Eisenhower Center for Innovation
848 N Mesa Dr
Distance between this listing and this school1.17 miles
Public District Grades KG-6
Nearby Schools
2
/10
Carson Junior High School
525 N Westwood
Distance between this listing and this school0.57 miles
Public District Grades 7-8
2
/10
Kino Junior High School
848 N Horne
Distance between this listing and this school1.68 miles
Public District Grades 7-8
7
/10
Mesa Arts Academy
221 W 6th Ave
Distance between this listing and this school1.86 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Westwood High School
945 W Rio Salado Pkwy
Distance between this listing and this school0.38 miles
Public District Grades 9-12
8
/10
Heritage Academy
32 S Center St
Distance between this listing and this school1.29 miles
Public Charter Grades 7-12
2
/10
East Valley Academy
855 W 8th Ave
Distance between this listing and this school2.14 miles
The neighbors living near this home have an average income of $27,763. Residents of Mesa, AZ typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 554 W Rio Salado Pkwy
What is the listing price of this property?
The listing price of 554 W Rio Salado Pkwy property is $315,500.
What type of property is this?
The property 554 W Rio Salado Pkwy is a house located in Mesa, Arizona, 85201.
Is this property for sale now?
Active Listing: 554 W Rio Salado Pkwy is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,060 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 6, 2021 for $225,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 554 W Rio Salado Pkwy has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 554 W Rio Salado Pkwy is 1,342 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 554 W Rio Salado Pkwy is 1947.
This home is located at 554 W Rio Salado Pkwy in Mesa, AZ and zip code 85201 in the Santo Tomas Mesa neighborhood. This 1,342 square foot home, which was built in 1947, sits on a 0.46 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $315,500.
While more than 73 listings in Mesa, AZ in October 2024 were sold above asking price, there were more than 138 listings sold at asking price, and more than 252 were sold below. The number of listings in Mesa, AZ increased by 7.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $449,937, while the average time on the real estate market was 58 days.
From Rocket Homes Real Estate and based on county public records data.