Mesa, Arizona – Real Estate Profile
Mesa, Arizona covers 132 square miles and is the third largest city in the state. Just 15 miles East of Phoenix, Mesa offers suburban living with plenty of recreational, business, and educational opportunities. Mesa is a diverse community that continues to thrive year after year due to its low cost of doing business, low tax rates, a skilled and well-educated work force, low crime rate, and affordable housing. Terrific parks systems, libraries, golf courses, and even its own airport, Mesa, Arizona has it all. Mesa is also one of the most affordable places to buy or sell Real Estate. Consisting primarily of single family homes in flourishing subdivisions, buying or selling a home in Mesa is a great opportunity.
Buying Real Estate in Mesa
Because Mesa is such a diverse city, there are a variety of single-family homes available. Many of the homes are from well-known builders in populated subdivisions, while others are custom built in more prestigious communities. Additionally, there are many townhomes and condominiums available for real estate purchase. Prices vary for all types of living starting as low as $100,000. There are also several active adult communities in Mesa for those over 55 years of age. One of the unique things about buying real estate in Mesa is that one can purchase a historic home, a brand new home in a gated community, or even a large lot with room for horses. Not many cities in Arizona offer such variety. Finally, because of the vast amount of diversity in Mesa, the amenities also vary greatly. Mesa is a community that fits just about all lifestyles, budgets, and recreational activities, and a great place to call home.
- Lovely Mesa Living Room
Mesa Home and Land Foreclosures
Currently there are three hundred and fifty-eight single family home foreclosures available in Mesa ranging in price from $34,000 to $1.9 million dollars. In 2009, three thousand three hundred and fifty single family foreclosed homes sold with an average sale price of $130,000 and 1,700 square feet. Five hundred and forty-one foreclosed condominiums, town homes, or patio homes have sold in 2009 with an average sale price of $76,000 and 1,130 square feet.
Land foreclosures in Mesa are not as popular, but are still abundant. Since January 1, 2009, twenty-three parcels of foreclosed land have sold with an average sale price of $170,000 for 1 acre. Currently there are just over fifty foreclosed land/lots available for purchase. If you are interested in buying a piece of foreclosed real estate in Mesa, give the Gary May Group a call today.
Mesa Land and Buildable Lots
Mesa has quite a variety of land or lots available for purchase. Some of the land is available in the city areas, while other parcels are found just outside the city, where horses are allowed. A number of parcels have terrific views and privacy for those seeking to build a dream home just outside the city. Prices start as low as $24,000 for under an acre and go all the way up to $10 million for 80 acres. The current average price for a parcel of land zoned for a single family residence in Mesa is $273,000. Because of the diversity of the city and the geography of the land available, buying a piece of land in Mesa requires expertise. Contact the Gary May Group to get the best possible deal.
Commercial Real Estate in Mesa
Unlike the smaller cities in the Phoenix area, Mesa thrives on commercial business, and commercial real estate is a terrific, affordable investment in Mesa. Whether you are seeking to own an apartment complex, a small retail business or an office, you’ll find it all in Mesa. Additionally, both older and newer, more modern buildings are available and ready for purchase. One-hundred and eight commercial businesses are available on the market starting at $29,000 and reaching just over $3.1 million. This past year saw an average sale price of $696,000 for commercial real estate in Mesa.
Mesa Documents
Taxes
Mesa, Arizona is one of the few cities that have a unique system for assessing property tax. Most cities base property taxes on the assessed value of the property; Mesa does not. Property taxes are based on a primary and secondary component. Primary funds are used for operating expenses and are limited. Secondary funds are used for special obligations and are unlimited. The city of Mesa’s leaders feel that this system is at a higher advantage to their citizens/businesses than its surrounding cities.
Growth and Development
Between 1990 and 2000 Mesa, Arizona was one of the fastest growing cities in America. The impact of this fast development was tremendous, and the city’s planning board needed to put together a system to sustain the future of Mesa. The most important component to the future of Mesa is funding. The city’s future depends upon its revenue sources through things like taxes and bonds. Another key issue to the future is the development of the land. Various rules/regulations and policies have been drawn up to ensure that any new development pays its fair share of any additional costs necessary to adequately provide its citizens excellent living conditions, facilities, and resources.
Mesa continues to grow and the land available continues to exceed the currently set boundaries. Mesa officials are hoping that by 2015 the light-rail will extend into the city, and are already planning redevelopment of the downtown area. This new planning will preserve the historic areas of Mesa, but will also make way for modern, urban development and it is the hope of city officials to generate a lot of revenue from the new expansion.
Key Characteristics of the Mesa Area
Townhome Kitchen
· Affordable real estate prices
· Both modern and historical real estate available
· Plenty of exhibiting lots/land to build your dream home
· Many styles of homes; condos, town homes, patio homes, single family homes, custom homes, active adult living
· Unique property tax system
· Low cost to do business
· Extremely diverse community
· Inexpensive city to live in
· Dozens of recreational activities available
· Abundance of libraries, museums, theaters, restaurants, and shopping.
· City officials working daily to stabilize and ensure the quality of life for the future of the city
· Has its own airport
· Minutes from Phoenix and other major cities
AREA ACTIVITY
Mesa Parks, Recreational, and Cultural Facilities
Geographic Detail Map
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Mesa Geographical Map
| DEMOGRAPHIC DATA BY ZIP CODES: 85202, 85201, 85210, 85203, 85204, 85213, 85206, 85205, 85215, 85207, 85208, 85209, 85212 | ||||
|---|---|---|---|---|
| Population | Households | |||
| Total Population | 463,552 | Total Households | 146,643 | |
| Male Population | 22,659 | 49.5% | Family Households | 99,856 |
| Female Population | 233,893 | 50.5% | Non-Family Households | 46,787 |
| Density (Persons per Square Mile) | 3,709 | Households with Children | 43,272 | |
| Median Age | 32.0 | Average People per Household | 2.7 | |
