$227,000
SOLD AUG 9, 2016
-- Bed
-- Bath
3,095 Sq Ft
7,187 Sq Ft Lot

Recently Sold

$73 Per Sq Ft

1% Above List Price

5 Days on Market

Highlights

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

About This Home

As of November 2018

Fully occupied 4-plex with long term tenants (up to 7 years). 3 of the 4 units have below market rents, so there is room for value-add.

Last Agent to Sell the Property

Nate Tanner

Geneva Real Estate and Investments License #SA585104000 Listed on: 06/26/2016

Last Buyer's Agent

Trevor Sharp

West USA Realty License #SA646817000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,047

Year Built

  • Built in 1972

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

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

  • Tenant pays for electricity
  • 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 $7,098
  • Gross Income $26,940
  • Net Operating Income $20,451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,047

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
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2015
  • Directions: From Alma School Rd & Southern Ave, go north on Alma School. Take a right (going east) on Dragoon Circle. The 4-plex is at the end of the cul-de-sac.
  • Road Surface Type: Asphalt
  • Subdivision Name: MESA SOUTHWEST ESTATES
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, 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

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

  • Annual Water Sewer Expense: 3026.0

Schools

  • Elementary School: Guerrero Elementary School
  • High School: Dobson High School
  • Junior High Dist: Mesa Unified District
  • 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
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 26940.0
  • Insurance Expense: 867.0
  • Maintenance Expense: 1578.0
  • Property Net Operating Income: 20451.0
  • Annual Operating Expense: 7097.78

Tax Info

  • Tax Annual Amount: 1046.78
  • 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
5
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

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Range of Values:

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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 $270,000 Clear Title Agency Of Arizon
Warranty Deed $227,000 American Title Svc Agency Ll
Special Warranty Deed -- None Available
Quit Claim Deed -- Accommodation
Warranty Deed -- Driggs Title Agency Inc
Quit Claim Deed -- Accommodation
Special Warranty Deed $121,800 Great American Title Agency
Trustee Deed $150,500 Great American Title Agency
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $320,000 Chicago Title Insurance Co
Warranty Deed $272,000 Security Title Agency
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $170,500 Security Title Agency
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Arizona Title Agency Inc
Warranty Deed $155,500 Arizona Title Agency Inc
Joint Tenancy Deed $104,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,250 New Conventional
Previous Owner $123,200 New Conventional
Previous Owner $60,000 Seller Take Back
Previous Owner $87,000 New Conventional
Previous Owner $256,000 Fannie Mae Freddie Mac
Previous Owner $163,200 New Conventional
Closed $25,000 No Value Available
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: 5462715

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-13-022B