NOT LISTED FOR SALE

Estimated Value: $445,701 - $716,000

-- Bed
-- Bath
3,095 Sq Ft
$193/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $270,000 $87 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $3,273/month

9 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of November 2018

Fix it Up, Clean it Up and Save. Location in the Fast Moving Fiesta District. Near Maricopa Community College, US 60 Freeway, Lots of Retail and Restaurants. All 2 Bedroom Units.
Building Needs Some TLC and More. Make Offer on this Already Bargain Priced Fourplex.
Cash and Hard Money Offers Only.
All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 11/05/2018

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Scott Cook

RE/MAX Solutions License #SA564464000

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,143

Year Built

  • Built in 1972

Lot Details

  • 7,187

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Guerrero Elementary School
  • Powell Junior High School
  • Dobson High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 134-13-022-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7186
  • Mesa Southwest Estates Subdivision

Building Details

  • Operating Expense $6,543
  • Gross Income $29,070
  • Net Operating Income $22,527

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,143

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Alma School Rd & Southern Ave
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2017
  • Directions: North to Dragoon, East to Building at the Top of the Cul De Sac
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: MESA SOUTHWEST ESTATES
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Guerrero Elementary School
  • High School: Dobson High School
  • Middle Or Junior School: Powell Junior High School

Lot Info

  • Lot Size: 7186
  • Additional Parcels: No
  • Parcel #: 134-13-022-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 29070.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 22527.0
  • Annual Operating Expense: 6543.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1143.0
  • Tax Book Number: 134.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2018
Closed on
Nov 27, 2018
Sold by
Sharp Trevor J
Bought by
Gdc Properties Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Scott Cook
RE/MAX Solutions
List Price
$299,000
Sold Price
$270,000
Premium/Discount to List
-$29,000
-9.7%
Total Days on Market
9
Current Estimated Value
$595,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,925
Avg. Annual Appreciation
12.95%

Purchase Details

Listed on
Jun 26, 2016
Closed on
Aug 8, 2016
Sold by
Sorte 1973 Llc
Bought by
Sharp Trevor J
Seller's Agent
Nate Tanner
Geneva Real Estate and Investments
Buyer's Agent
Trevor Sharp
West USA Realty
List Price
$224,900
Sold Price
$227,000
Premium/Discount to List
$2,100
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$170,250
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2014
Sold by
Morgan Jeffery P
Bought by
Sorte 1973 Llc

Purchase Details

Closed on
Aug 6, 2014
Sold by
Morgan Jeffery P
Bought by
Sorte 1973 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2009
Sold by
Morgan Jeffery P
Bought by
Sorte 1973 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 5, 2009
Sold by
U S Bank National Association
Bought by
Morgan Jeffery P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2008
Sold by
Rodriguez Guido
Bought by
U S Bank Na and Csmc Mortgage Backed Pass Through Certif

Purchase Details

Closed on
Oct 19, 2005
Sold by
Rodriguez Roxana
Bought by
Rodriguez Guido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 14, 2005
Sold by
Echols Mitchell A and Echols Jamie D
Bought by
Rodriguez Guido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 1, 2004
Sold by
Bravo Odorico Bautista
Bought by
Echols Mitchell A and Echols Jamie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2002
Sold by
Debautista Rosalia Hernandez
Bought by
Bravo Odorico Bautista

Purchase Details

Closed on
Jan 24, 2002
Sold by
Trueba Manuel and Trueba Maria
Bought by
Bravo Odorico Bautista

Purchase Details

Closed on
Mar 5, 2001
Sold by
Trueba Jorge M
Bought by
Manuel & Maria Trueba Joint Revocable Tr

Purchase Details

Closed on
Nov 16, 1999
Sold by
Trueba Amy
Bought by
Trueba Jorge M

Purchase Details

Closed on
Nov 1, 1999
Sold by
Amann Randy and Amann Linda
Bought by
Trueba Jorge M

Purchase Details

Closed on
Mar 10, 1998
Sold by
Carrieri Vito A and Carrieri Joann R
Bought by
Amann Randy and Amann Linda
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 Buyer Sale Price Title Company
Gdc Properties Llc $270,000 Clear Title Agency Of Arizon
Sharp Trevor J $227,000 American Title Svc Agency Ll
Sorte 1973 Llc -- None Available
Sorte 1973 Llc -- Accommodation
Morgan Jeffery P -- Driggs Title Agency Inc
Sorte 1973 Llc -- Accommodation
Morgan Jeffery P $121,800 Great American Title Agency
U S Bank Na $150,500 Great American Title Agency
Rodriguez Guido -- Chicago Title Insurance Co
Rodriguez Guido $320,000 Chicago Title Insurance Co
Echols Mitchell A $272,000 Security Title Agency
Bravo Odorico Bautista -- Security Title Agency
Bravo Odorico Bautista $170,500 Security Title Agency
Manuel & Maria Trueba Joint Revocable Tr -- --
Trueba Jorge M -- Arizona Title Agency Inc
Trueba Jorge M $155,500 Arizona Title Agency Inc
Amann Randy $104,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sharp Trevor J $170,250
Previous Owner Morgan Jeffery P $123,200
Previous Owner Sorte 1973 Llc $60,000
Previous Owner Morgan Jeffery P $87,000
Previous Owner Rodriguez Guido $256,000
Previous Owner Echols Mitchell A $163,200
Closed Echols Mitchell A $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $270,000 -9.7% $87 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $299,000 0.0% $97 / Sq Ft
11/01/2018 11/01/18 Rented $650 0.0% --
10/23/2018 10/23/18 Under Contract -- -- --
10/20/2018 10/20/18 For Rent $650 0.0% --
10/18/2018 10/18/18 Off Market $650 -- --
10/15/2018 10/15/18 For Rent $650 0.0% --
08/09/2016 08/09/16 Sold $227,000 +0.9% $73 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/26/2016 06/26/16 For Sale $224,900 0.0% $73 / Sq Ft
12/01/2012 12/01/12 Rented $525 -4.5% --
11/27/2012 11/27/12 Under Contract -- -- --
10/05/2012 10/05/12 For Rent $550 -- --
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 $1,322 $13,473 -- --
2024 $1,333 $12,832 -- --
2023 $1,333 $48,620 $9,720 $38,900
2022 $1,306 $35,720 $7,140 $28,580
2021 $1,322 $29,470 $5,890 $23,580
2020 $1,305 $26,310 $5,260 $21,050
2019 $1,219 $22,430 $4,480 $17,950
2018 $1,170 $20,310 $4,060 $16,250
2017 $1,135 $17,360 $3,470 $13,890
2016 $1,114 $15,280 $3,050 $12,230
2015 $1,047 $14,080 $2,810 $11,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5842917

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-13-022B