NOT LISTED FOR SALE

Estimated Value: $614,895 - $870,000

Studio
4 Baths
700 Sq Ft
$990/Sq Ft Est. Value

Last Sold April 13, 2020

Last sale price $427,500 $611 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,976/month

13 Days on Market

Highlights

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

About This Home

As of April 2020

Fully Occupied 4 plex in Mesa ! Drive by only. Do not disturb tenants. See rent roll in docs tab. Buyer to verify all facts and figures. No viewings prior to contract.

Last Agent to Sell the Property

Candy Jenkins

Coldwell Banker Realty License #SA628254000 Listed on: 03/21/2020

Coldwell Banker Realty

Co-Listed By

Donna Hunter

Coldwell Banker Realty License #SA579437000

Last Buyer's Agent

Jennifer Utter

HomeSmart License #SA647096000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,506

Year Built

  • Built in 2003

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 101
  • Assessor Parcel Number 136-23-163-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Pleasant Homes Sub Unit 2 Subdivision

Building Details

  • Operating Expense $2,306
  • Net Operating Income $23,249

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,506

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Center & McKellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cbrb07
  • Co List Office Phone: 480-291-1600
  • Subdivision Name: PLEASANT HOMES SUB UNIT 2
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 136-23-163-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Insurance Expense: 800.0
  • Property Net Operating Income: 23249.21
  • Annual Operating Expense: 2306.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1506.0
  • Tax Book Number: 136.00
  • Tax Lot: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2020
Closed on
Apr 8, 2020
Sold by
Franchi Paul and Trentini Franchi Dana
Bought by
Tw2 Properties Llc
Seller's Agent
Candy Jenkins
Coldwell Banker Realty
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$499,999
Sold Price
$427,500
Premium/Discount to List
-$72,499
-14.5%
Current Estimated Value
$734,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,578
Avg. Annual Appreciation
8.75%

Purchase Details

Closed on
Jul 18, 2011
Sold by
Capital Asset Holdings Llc
Bought by
Franchi Paul and Trentini Franchi Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,930
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2009
Sold by
Meadows Dan and Meadows Sharon F
Bought by
Capital Asset Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 11, 2008
Sold by
Defrates Dustin
Bought by
Meadows Dan and Meadows Sharon F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,785
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2008
Sold by
Ortega Alma Linares
Bought by
Defrates Dustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,785
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2007
Sold by
Stanko Ronald E and Stanko Michele R
Bought by
Ortega Alma Linares

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2006
Sold by
Harmon Darvin D and Harmon Hortencia H
Bought by
Stanko Ronald E and Stanko Michele R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.28%
Mortgage Type
Trade

Purchase Details

Closed on
Apr 17, 1999
Sold by
Great Western Communities Inc
Bought by
Goodman Garrison M and Goodman Lindsay L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,740
Interest Rate
6.98%
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

Date Buyer Sale Price Title Company
Tw2 Properties Llc $427,500 Equity Title Agency Inc
Franchi Paul $149,900 Pioneer Title Agency Inc
Capital Asset Holdings Llc $200,000 Pioneer Title Agency Inc
Meadows Dan $167,785 Pioneer Title Agency Inc
Defrates Dustin $150,000 Americas Choice Title Agency
Ortega Alma Linares $395,000 Camelback Title Agency Llc
Stanko Ronald E $415,000 Fidelity National Title
Goodman Garrison M $92,905 Security Title Agency
Great Western Communities Inc $47,482 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franchi Paul $104,930
Previous Owner Capital Asset Holdings Llc $200,000
Previous Owner Defrates Dustin $157,785
Previous Owner Ortega Alma Linares $316,000
Previous Owner Stanko Ronald E $332,000
Previous Owner Goodman Garrison M $92,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2020 04/13/20 Sold $427,500 -5.0% $611 / Sq Ft
04/02/2020 04/02/20 Price Changed $450,000 -10.0% $643 / Sq Ft
03/21/2020 03/21/20 For Sale $499,999 -- $714 / 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 $1,643 $16,650 -- --
2024 $1,648 $15,857 -- --
2023 $1,648 $49,350 $9,870 $39,480
2022 $1,614 $36,830 $7,360 $29,470
2021 $1,633 $30,300 $6,060 $24,240
2020 $1,612 $27,620 $5,520 $22,100
2019 $1,506 $23,330 $4,660 $18,670
2018 $1,446 $20,910 $4,180 $16,730
2017 $1,403 $18,430 $3,680 $14,750
2016 $1,376 $18,130 $3,620 $14,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6055058

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-163A