NOT LISTED FOR SALE

1130 E 2nd St Mesa, AZ 85203

Fraser Fields Neighborhood

Estimated Value: $497,260 - $856,000

-- Bed
-- Bath
3,626 Sq Ft
$193/Sq Ft Est. Value

Last Sold September 10, 2015

Last sale price $237,500 $65 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $3,989/month

8 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of September 2015

Just north on Main and West of Stapley. Tons of redevelopment in the area. Good monthly return on these 4 units. Building consists of a 1 br, two 2 br and a 3 br unit. Owners replaced the roof in 2014 - units have granite counters. All units are currently occupied. Need contract prior to inspection.

Last Agent to Sell the Property

Nick Bastian

Realty Executives License #SA045994000 Listed on: 07/28/2015

Realty Executives

Last Buyer's Agent

Robert Sepulveda

Red Mountain Real Estate License #SA550385000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1973

Lot Details

  • 6,882

Home Design

  • Composition Roof
  • Block Exterior

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Mountain View - Waddell High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 33
  • Assessor Parcel Number 138-20-104

Community Details

Overview

  • 4 Units
  • Building Dimensions are 105 x 66 est
  • Suburban Gardens 2 Subdivision

Building Details

  • Operating Expense $7,017
  • Gross Income $24,991
  • Net Operating Income $17,742

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Stapley & Main Street
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2014
  • Directions: North on Stapley to 2nd St - West to property
  • Road Surface Type: Asphalt
  • Subdivision Name: Suburban Gardens 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 3360.0

Schools

  • Elementary School: Edison Elementary School
  • High School: Mountain View - Waddell
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 105 x 66 est
  • Additional Parcels: No
  • Parcel #: 138-20-104

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 24991.2
  • Insurance Expense: 720.0
  • Property Net Operating Income: 17742.0
  • Annual Operating Expense: 7017.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1257.0
  • Tax Book Number: 138.00
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2020
Sold by
Madridal Deborah and Merit Cheryl
Bought by
Madrigal Deborah and Merritt Cheryl
Current Estimated Value
$699,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$242,848
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$407,205

Purchase Details

Listed on
Jul 28, 2015
Closed on
Sep 2, 2015
Sold by
Merrit Cheryl and Madrigal Deborah
Bought by
Madrigal Deborah
Seller's Agent
Nick Bastian
Realty Executives
Buyer's Agent
Robert Sepulveda
Red Mountain Real Estate
List Price
$249,000
Sold Price
$237,500
Premium/Discount to List
-$11,500
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%
Original Mortgage
$176,250
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2012
Closed on
Jan 24, 2013
Sold by
Gasner Kelly Beachell and Gasner Scott A
Bought by
Phx Investments Llc
Seller's Agent
Ed Grabowski
Realty ONE Group
Buyer's Agent
Tina Gamboa
HomeSmart
List Price
$159,900
Sold Price
$163,000
Premium/Discount to List
$3,100
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.78%
Original Mortgage
$116,250
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2012
Closed on
Dec 7, 2012
Sold by
Strom Gregory P
Bought by
Gasner Kelly Beachell and Gasner Scott A
Seller's Agent
Ed Grabowski
Realty ONE Group
Buyer's Agent
Tina Gamboa
HomeSmart
List Price
$159,900
Sold Price
$163,000
Premium/Discount to List
$3,100
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2001
Sold by
Strom Charmaine Theresa and Strom Mark C
Bought by
Strom Charmaine Theresa

Purchase Details

Closed on
Feb 1, 1990
Sold by
Slinkard Betty L and Jorgensen Betty L
Bought by
Strom Charmaine Theresa and Strom Mark C
Source: Public Records

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
Madrigal Deborah -- Chicago Title Agency Inc
Madrigal Deborah -- Chicago Title Agency Inc
Madrigal Deborah $237,500 Chicago Title Agency Inc
Phx Investments Llc -- None Available
Gasner Kelly Beachell $163,000 Stewart Title & Trust Of Pho
Strom Charmaine Theresa -- --
Strom Charmaine Theresa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madrigal Deborah $270,000
Closed Madrigal Deborah $176,250
Previous Owner Gasner Kelly Beachell $116,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2015 09/10/15 Sold $237,500 -4.6% $65 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $249,000 +52.8% $69 / Sq Ft
12/19/2012 12/19/12 Sold $163,000 +1.9% $45 / Sq Ft
11/06/2012 11/06/12 Pending -- -- --
10/31/2012 10/31/12 For Sale $159,900 -- $44 / 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 $1,486 $15,141 -- --
2024 $1,498 $14,420 -- --
2023 $1,498 $51,220 $10,240 $40,980
2022 $1,467 $39,480 $7,890 $31,590
2021 $1,485 $31,100 $6,220 $24,880
2020 $1,466 $27,650 $5,530 $22,120
2019 $1,370 $24,070 $4,810 $19,260
2018 $1,315 $21,710 $4,340 $17,370
2017 $1,275 $18,330 $3,660 $14,670
2016 $1,252 $17,260 $3,450 $13,810
2015 $1,176 $15,630 $3,120 $12,510
Source: Public Records

Agents Affiliated with this Home

  • Nick Bastian

    Seller's Agent in 2015

    Nick Bastian

    Realty Executives

    (602) 803-6425

    135 Total Sales

    Nick Bastian
    Section Image
  • Robert Sepulveda

    Buyer's Agent in 2015

    Robert Sepulveda

    Red Mountain Real Estate

    (480) 993-9132

    15 Total Sales

    Robert Sepulveda
    Section Image

  • E

    Seller's Agent in 2012

    Ed Grabowski

    Realty One Group

    Section Image

  • T

    Buyer's Agent in 2012

    Tina Gamboa

    HomeSmart

    (602) 320-8141

    4 Total Sales

    Tina Gamboa
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5313083

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-20-104

Arizona Maricopa County Mesa 85203 Fraser Fields

1130 E 2nd St, Mesa, AZ

This home is located at 1130 E 2nd St, Mesa, AZ 85203 since 28 July 2015 and is currently estimated at $699,815, approximately $192 per square foot. This property was built in 1973. 1130 E 2nd St is a home located in Maricopa County with nearby schools including Edison Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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