NOT LISTED FOR SALE

Estimated Value: $691,000 - $908,000

-- Bed
-- Bath
3,000 Sq Ft
$251/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $503,500 $168 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,122/month

13 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring

About This Home

As of December 2019

VERY rare opportunity to own a fourplex with no other multi-family properties surrounding it! Very private and secluded property in desirable Mesa location, across the street from a park and walking distance to the light rail. Super easy to occupy! The 2 downstairs units have a private, block fenced backyard. All 4 units are rented and generate $3550/ month. All units are approximately 750 square feet, 2 bedrooms/1 bath, and each has 2 parking spots. The following was completed 4 years ago: new tile and carpet, new plumbing and light fixtures, ceilings fans in all rooms, window blinds, new kitchen cabinets, new appliances including fridge, washer and dryer, new water heaters, HVAC and roof are newer and in good condition. Landlord pays water, sewer, trash. Individually metered for electric. Washer and dryer in unit.

Last Agent to Sell the Property

Ben Arredondo

My Home Group Real Estate License #SA556873000 Listed on: 10/28/2019

My Home Group Real Estate

Co-Listed By

Todd Pippin

My Home Group Real Estate License #SA658919000

Last Buyer's Agent

David Wright

Wright Realty Group License #BR634229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,356

Year Built

  • Built in 1984

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 135-53-015-E

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11456

Recreation

  • Community Playground

Building Details

  • Operating Expense $6,856
  • Gross Income $34,709
  • Net Operating Income $22,002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,356

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Main and Alma Schooll
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: Heading N on Alma School turn E on Main Street, head N on N Beverly and building is on the left
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: Unknown
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 11456
  • Additional Parcels: No
  • Parcel #: 135-53-015-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 34709.2
  • Insurance Expense: 900.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 22002.0
  • Annual Operating Expense: 6856.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1356.0
  • Tax Book Number: 135.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2024
Sold by
Mary Kenneth H and Mary Ann
Bought by
New Culture Housing Beverly Llc
Current Estimated Value
$754,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,800
Outstanding Balance
$564,827
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$199,533

Purchase Details

Closed on
Apr 17, 2020
Sold by
Adams Kenneth H and Adams Mary Ann
Bought by
Adams Kenneth H and Adams Mary Ann

Purchase Details

Listed on
Oct 28, 2019
Closed on
Dec 10, 2019
Sold by
Maxfield Jonathan
Bought by
Adams Kenneth H and Adams Mary Ann
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
David Wright
Wright Realty Group
List Price
$550,000
Sold Price
$503,500
Premium/Discount to List
-$46,500
-8.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$377,625
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2018
Closed on
Apr 11, 2018
Sold by
Asu Grand Mesa L L C
Bought by
Maxfield Jonathan
Seller's Agent
Catherine Schaeffer
eXp Realty
Buyer's Agent
Todd Pippin
My Home Group Real Estate
List Price
$390,000
Sold Price
$385,000
Premium/Discount to List
-$5,000
-1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.43%
Original Mortgage
$285,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2018
Sold by
Werf Edward J Van Der
Bought by
Asu Grand Mesa L L C

Purchase Details

Listed on
Dec 15, 2014
Closed on
Dec 31, 2014
Sold by
Vander Werf Roxanne and Van Der Werf Edward J
Bought by
Vander Werf Edward J
Seller's Agent
Olga Griffin
My Home Group Real Estate
Buyer's Agent
Barbara Russo
CPL Properties
List Price
$299,900
Sold Price
$296,500
Premium/Discount to List
-$3,400
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$172,500
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2014
Closed on
Apr 25, 2014
Sold by
Deutsche Bank Trust Company Americas
Bought by
Mandalay Development Llc
Seller's Agent
James Samsing
Econest, Inc.
Buyer's Agent
Jamie Zubick
West USA Realty
List Price
$94,000
Sold Price
$146,599
Premium/Discount to List
$52,599
55.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
186.13%
Original Mortgage
$98,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2013
Sold by
Loera Efrain
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
May 30, 2006
Sold by
Loera Efrain
Bought by
Loera Efrain and Benitez Loera Rafaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,600
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 2006
Sold by
Benitez Loera Rafaela
Bought by
Loera Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,600
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 24, 2000
Sold by
Mccabe Robert H and Mccabe Arlene
Bought by
Loera Efrain and Benitez Loera Rafaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
7.96%
Mortgage Type
New Conventional
Source: Public Records

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
New Culture Housing Beverly Llc $711,000 Security Title Agency
Adams Kenneth H -- Accommodation
Adams Kenneth H $503,500 Az Title Agency Llc
Maxfield Jonathan $380,000 Millennium Title Agency Llc
Asu Grand Mesa L L C -- None Available
Vander Werf Edward J -- Pioneer Title Agency Inc
Vander Werf Edward J $296,500 Pioneer Title Agency Inc
Mandalay Development Llc $140,000 Premium Title Agency Inc
Deutsche Bank Trust Company Americas $159,000 None Available
Loera Efrain -- None Available
Loera Efrain -- Grand Canyon Title Agency In
Loera Efrain $167,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Culture Housing Beverly Llc $568,800
Previous Owner Adams Kenneth H $377,625
Previous Owner Maxfield Jonathan $285,000
Previous Owner Vander Werf Edward J $172,500
Previous Owner Mandalay Development Llc $98,000
Previous Owner Loera Efrain $246,600
Previous Owner Loera Efrain $125,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $503,500 -8.5% $168 / Sq Ft
10/28/2019 10/28/19 For Sale $550,000 +42.9% $183 / Sq Ft
04/13/2018 04/13/18 Sold $385,000 -1.3% $128 / Sq Ft
02/02/2018 02/02/18 For Sale $390,000 +31.5% $130 / Sq Ft
01/22/2015 01/22/15 Sold $296,500 -1.1% $99 / Sq Ft
12/23/2014 12/23/14 Pending -- -- --
12/15/2014 12/15/14 For Sale $299,900 +104.6% $100 / Sq Ft
05/22/2014 05/22/14 Sold $146,599 +56.0% $49 / Sq Ft
02/18/2014 02/18/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $94,000 -- $31 / 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 $1,472 $14,995 -- --
2024 $1,484 $14,281 -- --
2023 $1,484 $48,300 $9,660 $38,640
2022 $1,453 $37,070 $7,410 $29,660
2021 $1,471 $29,820 $5,960 $23,860
2020 $1,452 $26,750 $5,350 $21,400
2019 $1,356 $22,600 $4,520 $18,080
2018 $1,302 $18,410 $3,680 $14,730
2017 $1,263 $17,170 $3,430 $13,740
2016 $1,240 $16,580 $3,310 $13,270
2015 $1,165 $14,510 $2,900 $11,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5997606

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-53-015E