NOT LISTED FOR SALE

108 E Ingram St Unit 11 Mesa, AZ 85201

North Center Neighborhood

Estimated Value: $294,000 - $626,000

8 Beds
4 Baths
750 Sq Ft
$668/Sq Ft Est. Value

Last Sold January 31, 2012

Last sale price $70,000 $93 Per Sq Ft

Est. 616% increase in value since last sale

Current estimated payment $2,777/month

31 Days on Market

Highlights

  • Painted or Stained Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of January 2012

Opportunity to create value and income from this interior damaged 4 Plex in west central Mesa. 4- 2 bedrom 1 bath units in a slump block building with shingle roof individually metered with 4 carports. Large amount of vandalism with one unit fire damaged. Investors with vision can create value and flip or hold in strong rental area.

Last Listed By

Terence Riley

KMF Real Estate LLC License #SA522743000 Listed on: 11/09/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 8,451

Home Design

  • Composition Shingle Roof

Flooring

  • Painted or Stained Flooring
  • Concrete
  • Vinyl

Parking

  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Heating Available

Community Details

  • $3,627 per year Dock Fee
  • 4 Units
  • Building Dimensions are 8446

Listing and Financial Details

  • Tenant pays for electric, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Tax Municipality: Mesa
  • Construction Finish: Painted
  • Cross Street: McKellips & Country Club
  • Floors: Concrete, Vinyl
  • Legal Info Lot Number: 120
  • Legal Info Range: 5E
  • Legal Info Section: 10
  • Legal Info Township: 1N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 1700
  • Legal Description Abbrev: PLEASANT HOMES SUB UNIT 2
  • Marketing Name: Pleasant Homes
  • Ownership: Fee Simple
  • Map Code Grid: Q39
  • Year Built: 1979
  • Tax Year: 2010
  • Directions: East on McKellips to Center then south to Ingram then east to address.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Comp Shingle
  • Construction: Slump Block

Garage/Parking

  • Parking: 1 Space/Unit, Assigned, Carport, Paved Parking, Street Parking
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Lot Info

  • Lot Size: 8446

Multi Family

  • Income And Expenses Operating Exp: 3627.26
  • Number Of Two Bedroom Units: 4
  • Tenant Pays: Electric, Water
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Sq Ft: 750
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 3627.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2011
Closed on
Dec 22, 2011
Sold by
Federal National Mortgage Association
Bought by
Community Bridges Inc
Seller's Agent
Terence Riley
KMF Real Estate LLC
Buyer's Agent
Kay Moore
Innovisions Consulting LLC
List Price
$84,900
Sold Price
$70,000
Premium/Discount to List
-$14,900
-17.55%
Total Days on Market
31
Current Estimated Value
$500,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,995
Avg. Annual Appreciation
16.74%
Original Mortgage
$70,097
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2011
Sold by
Ortiz Navy and Mortgage Electronic Registrati
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 24, 2008
Sold by
Ortiz Anthony N
Bought by
Ortiz Navy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2008
Sold by
Maricopa County
Bought by
Ortiz Navy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 1999
Sold by
Great Western Communities Inc
Bought by
Denison Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 1999
Sold by
G W Building Co Inc
Bought by
Great Western Communities Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.73%
Mortgage Type
Commercial

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
Community Bridges Inc $70,000 First American Title Ins Co
Federal National Mortgage Association $78,500 Accommodation
Ortiz Navy -- Grand Canyon Title Agency In
Ortiz Navy $230,000 Grand Canyon Title Agency In
Denison Christopher D $115,734 Security Title Agency
Great Western Communities Inc $52,182 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Community Bridges Inc $253,677
Closed Community Bridges Inc $70,097
Previous Owner Ortiz Navy $172,500
Previous Owner Ortiz Navy $172,500
Previous Owner Denison Christopher D $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2012 01/31/12 Sold $70,000 -17.6% $93 / Sq Ft
12/10/2011 12/10/11 Pending -- -- --
11/09/2011 11/09/11 For Sale $84,900 -- $113 / 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 -- $21,194 -- --
2024 -- $20,185 -- --
2023 $0 $58,425 $11,685 $46,740
2022 $2,054 $46,650 $9,330 $37,320
2021 $0 $40,095 $8,019 $32,076
2020 $0 $34,050 $6,810 $27,240
2019 $0 $25,080 $5,010 $20,070
2018 $0 $30,090 $6,015 $24,075
2017 $0 $25,470 $5,085 $20,385
2016 $0 $24,225 $4,845 $19,380
2015 -- $23,088 $4,608 $18,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4674422

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-182