E
Seller's Agent in 2018
Erin C. Reed
C5 Realty & Property Mgmt
(480) 917-7071
28 Total Sales
1020 E 2nd St Mesa, AZ 85203
Fraser Fields NeighborhoodEstimated Value: $412,058 - $538,000
--
Bed
--
Bath
2,260
Sq Ft
$215/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Franklin at Brimhall Elementary School Rated A
- Ceiling Fan
About This Home
As of December 2018Another GREAT Mesa Investment Opportunity! This single level 3 unit building in Mesa with parking and common area has two re-hab'd end units and one long term tenant in place. New exterior paint (2018). Two end units have new interior paint & new blinds. Updated cabinets, appliances, ceiling fans, sep electric meters for each, private back patio and 18'' tile T/O (no carpet at all) in all three units. New roof coating on entire building (2018). One unit has NEW AC unit (2018). Please do not disturb tenants currently in place (vacant units being marketed for tenants now). Inspections only after contract acceptance. Buyer to verify all facts & figures. Centrally located in Opportunity Zone - City of Mesa & Docs Tab for more info. Property is currently under professional property mgmt service
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,018
Year Built
- Built in 1964
Lot Details
- Property fronts an alley
Home Design
- Wood Frame Construction
- Foam Roof
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Free Parking
- On-Street Parking
Schools
- Edison Elementary School
- Kino Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 45
- Assessor Parcel Number 138-20-116
Community Details
Overview
- 3 Units
- Building Dimensions are 60x110
- Suburban Gardens 2 Subdivision
Building Details
- Operating Expense $5,318
- Net Operating Income $26,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 17, 2019
Sold by
Erickson Carolyn Sue
Bought by
Therd N Enterprises Llc
Total Days on Market
7
Current Estimated Value
Purchase Details
Listed on
Dec 4, 2018
Closed on
Jan 8, 2019
Sold by
Edward Welton Llc
Bought by
Erickson Carolyn S
Seller's Agent
Erin C. Reed
C5 Realty & Property Mgmt
Buyer's Agent
Rick Travis
HomeSmart
List Price
$269,900
Sold Price
$250,000
Premium/Discount to List
-$19,900
-7.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%
Purchase Details
Closed on
May 16, 2011
Sold by
Bain Robin
Bought by
Edwards Welton Llc
Purchase Details
Closed on
Jan 27, 2011
Sold by
Bain Lori
Bought by
Bain Robin
Purchase Details
Closed on
Mar 15, 2010
Sold by
Adler Bruce and Adler Lori
Bought by
Us Bank Na
Purchase Details
Closed on
Nov 9, 2004
Sold by
Adler Bruce A and Adler Lori E
Bought by
Jenkel Inc
Purchase Details
Closed on
Aug 18, 2004
Sold by
Carlson Steve and Carlson Raynita
Bought by
Adler Bruce A and Adler Lori E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2001
Sold by
Vehon Thom and Vehon Patricia
Bought by
Carlson Steve and Carlson Raynita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 7, 1997
Sold by
Mecca Michael D and Mecca Margaret A
Bought by
Vehon Thom and Vehon Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
8%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Therd N Enterprises Llc | -- | None Available | |
| Erickson Carolyn S | $250,000 | Equity Title Agency Inc | |
| Edwards Welton Llc | $90,000 | Stewart Title & Trust Of Pho | |
| Bain Robin | -- | Security Title Agency | |
| Bain Robin | $42,000 | Security Title Agency | |
| Us Bank Na | $68,400 | First American Title | |
| Jenkel Inc | -- | -- | |
| Adler Bruce A | $170,000 | Ticor Title Agency Of Az Inc | |
| Carlson Steve | $110,000 | Chicago Title Insurance Co | |
| Vehon Thom | $68,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Adler Bruce A | $127,500 | |
| Previous Owner | Carlson Steve | $101,000 | |
| Previous Owner | Carlson Steve | $99,000 | |
| Previous Owner | Vehon Thom | $54,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/14/2018 12/14/18 | Sold | $250,000 | -7.4% | $111 / Sq Ft |
| 12/14/2018 12/14/18 | For Sale | $269,900 | +8.0% | $119 / Sq Ft |
| 12/11/2018 12/11/18 | Pending | -- | -- | -- |
| 12/06/2018 12/06/18 | Off Market | $250,000 | -- | -- |
| 12/04/2018 12/04/18 | For Sale | $269,900 | -- | $119 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $987 | $10,053 | -- | -- |
| 2024 | $995 | $9,574 | -- | -- |
| 2023 | $995 | $34,060 | $6,810 | $27,250 |
| 2022 | $974 | $26,580 | $5,310 | $21,270 |
| 2021 | $986 | $21,970 | $4,390 | $17,580 |
| 2020 | $973 | $19,810 | $3,960 | $15,850 |
| 2019 | $909 | $17,020 | $3,400 | $13,620 |
| 2018 | $873 | $15,250 | $3,050 | $12,200 |
| 2017 | $847 | $12,560 | $2,510 | $10,050 |
| 2016 | $831 | $11,710 | $2,340 | $9,370 |
| 2015 | $781 | $10,320 | $2,060 | $8,260 |
Source: Public Records
Agents Affiliated with this Home
-
Erin C. Reed
-
Dennis Murdock
Seller Co-Listing Agent in 2018
Dennis Murdock
C5 Realty & Property Mgmt
(602) 705-2516
32 Total Sales
-
Rick Travis
Buyer's Agent in 2018
Rick Travis
HomeSmart
(480) 298-0023
2 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5854122
APN: 138-20-116
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.
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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