NOT LISTED FOR SALE

Estimated Value: $360,996 - $404,000

Studio
1 Bath
1,425 Sq Ft
$268/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2017

Last sale price $175,000 $123 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $2,193 / mo

76 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Carpet
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2017

A residential home set up with 3 separate rental units providing 3 separate rental incomes. Great for the savvy investors or it’s an excellent opportunity for someone to buy, move into one unit and rent the other two units out. The home itself has been divided into 2 separate units, both with a kitchen, family room, two bedrooms and with one bath each. Then there is a separate unit, which is like a studio apartment, with a family room, bed room, and kitchen all together with a separate and bathroom. All units are currently rented out with potential long term tenants who have indicated that they want to stay. Two units are now on a month to month lease and one lease is in place until May of 2017. It's located in the heart of Mesa, near the light rail and the bus routes.

Last Agent to Sell the Property

George Funk

Real Estate by George, LLC License #BR546672000 Listed on: 10/29/2016

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $874

Year Built

  • Built in 1930

Lot Details

  • 5,968

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Pomeroy Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 20
  • Assessor Parcel Number 138-31-025

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 5980
  • Glenwood Tract Subdivision

Building Details

  • Operating Expense $874

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$874

Year Built

Built in 1930

Lot Details

5,968 Sq Ft Lot

Listing Details

  • Cross Street: Mesa Drive and Main Street:
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: TCR-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: GLENWOOD TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Pomeroy Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 5980
  • Additional Parcels: No
  • Parcel #: 138-31-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 3
  • Annual Operating Expense: 874.0

Tax Info

  • Tax Annual Amount: 874.0
  • Tax Book Number: 138.00
  • Tax Lot: 20

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2020
Sold by
Bought by
Current Estimated Value
$382,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
0.033%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 29, 2016
Closed on
Jan 19, 2017
Sold by
Bought by
Seller's Agent
George Funk
Real Estate by George, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$128,831
Interest Rate
0.0416%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2012
Closed on
Jul 1, 2013
Sold by
Bought by
Seller's Agent
Dani Miller
United Country AZ Ranch, Land & Homes
Buyer's Agent
George Funk
Real Estate by George, LLC
List Price
$220,000
Sold Price
$150,000
Premium/Discount to List
-$70,000
-31.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.33%
Original Mortgage
$147,283
Interest Rate
0.0387%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Pioneer Title Agency Inc
-- Pioneer Title Agency Inc
$175,000 Old Republic Title Agency
$150,000 Title Management Agency Of A
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $131,000
Closed $128,831
Previous Owner $147,283
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2017 02/21/17 Sold $175,000 0.0% $123 / Sq Ft
01/13/2017 01/13/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $175,000 0.0% $123 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
10/29/2016 10/29/16 For Sale $175,000 +16.7% $123 / Sq Ft
07/05/2013 07/05/13 Sold $150,000 -31.8% $105 / Sq Ft View Prior Sale
05/10/2013 05/10/13 Pending -- -- --
10/08/2012 10/08/12 For Sale $220,000 -- $154 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,110 $11,251
2024 $1,113 $10,715
2023 $1,113 $26,220 $5,240 $20,980
2022 $1,090 $21,080 $4,210 $16,870
2021 $1,104 $17,310 $3,460 $13,850
2020 $1,089 $14,400 $2,880 $11,520
2019 $1,018 $13,270 $2,650 $10,620
2018 $977 $12,870 $2,570 $10,300
2017 $948 $12,820 $2,560 $10,260
2016 $930 $11,120 $2,220 $8,900
2015 $874 $9,900 $1,980 $7,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5518252

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-31-025

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