NOT LISTED FOR SALE

1129 N Wedgewood Cir Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $438,921 - $513,000

-- Bed
-- Bath
1,932 Sq Ft
$246/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $285,000 $148 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,715/month

18 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of July 2020

Great investment opportunity in Mesa! Both units are occupied. This building is located cul-de-sac lot. Both units are 2 bedrooms/2 bathroom with inside laundry. Unit B is on the back side and has a expansive enclosed patio area and additional paved parking spots via the alley. Covered carport parking for both units. The entire roof was just replaced in 2018, the water heaters are approximately 1 year old and this unit has been recently painted. This property has proven itself as a great rental income source! Don't miss your chance to own this amazing duplex.

Last Listed By

Alisha Anderson

Real Broker License #SA632752000 Listed on: 06/10/2020

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $922

Year Built

  • Built in 1970

Lot Details

  • 7,318

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Kerr Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for trash collection, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 164
  • Assessor Parcel Number 137-32-270

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7327
  • Enchanted Village Subdivision

Building Details

  • Operating Expense $3,233
  • Gross Income $21,600
  • Net Operating Income $16,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$922

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: E Brown Rd & N Home
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: [M-H] MULTI-FAM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2019
  • Directions: Go west on E Brown Turn North on N Wedgewood Circle Destination is on the right
  • Road Surface Type: Concrete
  • Co List Office Mls Id: wusa04
  • Co List Office Phone: 480-820-3333
  • Subdivision Name: ENCHANTED VILLAGE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1164.36

Schools

  • Elementary School: Kerr Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 7327
  • Additional Parcels: No
  • Parcel #: 137-32-270

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 21600.0
  • Insurance Expense: 666.96
  • Property Net Operating Income: 16566.68
  • Annual Operating Expense: 3233.32

Tax Info

  • Tax Annual Amount: 922.0
  • Tax Book Number: 137.00
  • Tax Lot: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 6, 2020
Sold by
Ritchie Small Complex Llc
Bought by
Straten Hotels Inc
Seller's Agent
Alisha Anderson
Real Broker
Buyer's Agent
Nathan Leidigh
Real Broker
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Total Days on Market
18
Current Estimated Value
$474,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,730
Avg. Annual Appreciation
12.65%

Purchase Details

Closed on
Jan 24, 2011
Sold by
Ritchie Jane E
Bought by
Ritchie Small Complex Llc

Range of Values:

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Average Value
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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
Straten Hotels Inc $285,000 Clear Title Agency Of Az
Ritchie Small Complex Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2020 07/06/20 Sold $285,000 -5.0% $148 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $300,000 -- $155 / 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 $1,000 $10,189 -- --
2024 $1,008 $9,704 -- --
2023 $1,008 $33,030 $6,600 $26,430
2022 $987 $25,020 $5,000 $20,020
2021 $1,000 $20,880 $4,170 $16,710
2020 $987 $18,910 $3,780 $15,130
2019 $922 $16,110 $3,220 $12,890
2018 $885 $14,610 $2,920 $11,690
2017 $858 $11,920 $2,380 $9,540
2016 $842 $11,030 $2,200 $8,830
2015 $792 $9,730 $1,940 $7,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6086053

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-270