$149,000
SOLD JUL 3, 2019
-- Bed
-- Bath
1,000 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

4% Below List Price

42 Days on Market

Highlights

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

About This Home

As of July 2019

This beautiful duplex style home is great for a starter home or for the investor. Both units currently rented, but larger 2 bed unit is on M2M lease term for flexibility for an owner occupant buyer. Great investment otherwise with tenants willing to stay for investor! Tenants currently pay $575/mo for 1 bdrm, 2 bdrm unit pays $899/mo. Large yards, nice layout. Great value & investment opportunity. Must see!

Last Agent to Sell the Property

Daniel Rosenbaum

Rosenbaum Realty Group License #BR636314000 Listed on: 04/25/2019

Last Buyer's Agent

Daniel Rosenbaum

Rosenbaum Realty Group License #BR636314000 Listed on: 04/25/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $408

Year Built

  • Built in 1975

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Assigned Parking

Schools

  • Sousa Elementary School
  • Smith Junior High School
  • Skyline High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, trash collection, water
  • Assessor Parcel Number 220-45-017-D

Community Details

Overview

  • 2 Units
  • Building Dimensions are 74.93 X 139

Building Details

  • Operating Expense $2,991
  • Gross Income $16,804
  • Net Operating Income $4,774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$408

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Signal Butte & University
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: [R-8] RESIDENTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1975
  • Tax Year: 2018
  • Directions: US 60, North on Signal Butte,go 2 blks North of Apache Trail, West on Boulder to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 381.71
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 291.24
  • Annual Water Sewer Expense: 600.0

Schools

  • Elementary School: Sousa Elementary School
  • High School: Skyline High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Smith Junior High School

Lot Info

  • Lot Size: 74.93 X 139
  • Additional Parcels: No
  • Parcel #: 220-45-017-D

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Electric Expense: 50.0
  • Annual Gross Income: 16803.6
  • Insurance Expense: 600.0
  • Property Net Operating Income: 4774.47
  • Annual Operating Expense: 2990.95
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 408.0
  • Tax Book Number: 220.00
  • Tax Lot: NA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2022
Sold by
Jordan John and Jordan Karen
Bought by
Jack And Karen Family Trust
Current Estimated Value
$273,434

Purchase Details

Listed on
Apr 25, 2019
Closed on
Jun 28, 2019
Sold by
R & L Bowman Investments Llc
Bought by
Jordan John and Jordan Karen
Seller's Agent
Daniel Rosenbaum
Rosenbaum Realty Group
Buyer's Agent
Daniel Rosenbaum
Rosenbaum Realty Group
List Price
$155,000
Sold Price
$149,000
Premium/Discount to List
-$6,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%

Purchase Details

Closed on
Aug 3, 2013
Sold by
Bowman Rich
Bought by
R&L Bowman Investments Llc

Purchase Details

Closed on
Apr 13, 2010
Sold by
Evans Roger
Bought by
Bowman Rich

Purchase Details

Closed on
Oct 30, 2003
Sold by
Conroy Thomas M and Conroy Carol S
Bought by
Evans Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2003
Sold by
Swan Walter Allen and Swan Carolyn Sue
Bought by
Conroy Thomas M and Conroy Carol S
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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $149,000 American Title Svc Agcy Llc
Warranty Deed -- None Available
Trustee Deed $40,001 Fidelity National Title
Warranty Deed $122,500 Tsa Title Agency
Cash Sale Deed $90,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,500 Fannie Mae Freddie Mac
Previous Owner $122,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Rented $1,299 0.0% --
08/14/2023 08/14/23 Under Contract -- -- --
08/03/2023 08/03/23 For Rent $1,299 +33.2% --
07/15/2020 07/15/20 Rented $975 0.0% --
07/06/2020 07/06/20 Under Contract -- -- --
05/21/2020 05/21/20 For Rent $975 0.0% --
07/03/2019 07/03/19 Sold $149,000 -3.9% $149 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $155,000 +17141.4% $155 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
04/26/2019 04/26/19 Rented $899 0.0% --
04/25/2019 04/25/19 For Sale $155,000 0.0% $155 / Sq Ft
03/21/2019 03/21/19 For Rent $899 +12.4% --
04/02/2018 04/02/18 Rented $800 0.0% --
03/20/2018 03/20/18 Under Contract -- -- --
03/12/2018 03/12/18 For Rent $800 +33.6% --
10/01/2012 10/01/12 Rented $599 0.0% --
09/28/2012 09/28/12 Under Contract -- -- --
09/20/2012 09/20/12 For Rent $599 -- --
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 $518 $5,751 -- --
2024 $524 $5,477 -- --
2023 $524 $18,660 $3,730 $14,930
2022 $512 $13,600 $2,720 $10,880
2021 $511 $12,460 $2,490 $9,970
2020 $506 $11,720 $2,340 $9,380
2019 $419 $9,980 $1,990 $7,990
2018 $408 $8,410 $1,680 $6,730
2017 $393 $6,950 $1,390 $5,560
2016 $385 $6,400 $1,280 $5,120
2015 $361 $6,010 $1,200 $4,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5917551

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-45-017D