$237,500
SOLD SEP 10, 2015
-- Bed
-- Bath
3,626 Sq Ft
6,882 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

5% Below List Price

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

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

Similar Homes in Mesa, AZ

  • 3345 E University Dr Unit 2, Mesa, AZ 85213

    $260,500

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • 3345 E University Dr
    • Unit 2
    • Mesa, AZ

    Welcome to this move-in ready gem located in the 55+ Las Alegres community! Perfectly situated within the neighborhood, this home has been beautifully maintained and thoughtfully cared for throughout. The spacious two-car garage features built-in cabinetry and a convenient workbench, ideal for hobbyists or extra storage.Inside, the home boasts a fantastic floor plan designed for

    Josiah Miller West USA Realty

    Section Image
  • 64 N 63rd St Unit 33, Mesa, AZ 85205

    $299,000

    • 2 Beds
    • 2 Baths
    • 1,188 Sq Ft
    • 64 N 63rd St
    • Unit 33
    • Mesa, AZ

    Welcome to your beautifully updated retreat in the gated community of Villas Tuscany! This charming single-level patio home is ideal for full-time living or the perfect lock-and-leave getaway. Step inside to find brand-new tile flooring, fresh paint, and sleek quartz countertops that give the home a clean, move-in-ready feel. Vaulted ceilings create a light, bright, and airy ambiance throughout.

    Cara Dankberg Compass

    Section Image
  • 556 N Hobson Plaza, Mesa, AZ 85203

    $285,000

    • 2 Beds
    • 2 Baths
    • 1,628 Sq Ft
    • 556 N Hobson Plaza
    • Mesa, AZ

    This Home is minutes from downtown Mesa. Convenient to schools, the lightrail, and Hohokam stadium-so much to do in this area! This charming 2-bedroom residence in Mesa is a Great opportunity to make this home your own. This Raw fixer Upper is just waiting for someone to come and make it their own. This home has a nice size AZ room. **THIS IS SELLING AS-IS**

    Silver Days HomeSmart

    Section Image
  • 524 W Fairway Dr Unit 9, Mesa, AZ 85201

    $199,999

    • 2 Beds
    • 1 Bath
    • 962 Sq Ft
    • 524 W Fairway Dr
    • Unit 9
    • Mesa, AZ

    *PRICED TO SELL! * BRAND NEW AC (2024) * This 2 bed/ 1 bath home is perfectly situated near the north 202 freeway for easy access across the valley. This small community of only 16 units is nestled next to the Mesa Country Club Golf Course. The home offers a private carport, a storage room, outdoor space and a community pool. The community is undergoing upgrades, such as new road pavement and

    Tricia Mitchell Goddes Homes

    Section Image
  • 3345 E University Dr Unit 25, Mesa, AZ 85213

    $284,900

    • 2 Beds
    • 2 Baths
    • 1,051 Sq Ft
    • 3345 E University Dr
    • Unit 25
    • Mesa, AZ

    Lovely, very clean two bedroom, two bath patio home with fireplace, situated on a north facing corner lot with fruit trees. This home is located in the beautiful and peaceful adult community of Las Alegres. Large private back patio, nice front courtyard and lots of cabinet space in garage with an epoxy floor. This home has been extremely well cared for and includes a brand new water heater, and a

    Stan Hughes HomeSmart

    Section Image
  • 3345 E University Dr Unit 58, Mesa, AZ 85213

    $259,900

    • 2 Beds
    • 2 Baths
    • 1,051 Sq Ft
    • 3345 E University Dr
    • Unit 58
    • Mesa, AZ

    Welcome Home!!! This gorgeous 2 bedroom 2 bath home at the desirable 55+ community of Las Alegres in Mesa is in a fantastic location. Close to restaurants, shopping, parks, multiple golf courses & easy access to the 60 Fwy. You'll love the layout of this patio home. Your kitchen offers plenty of space & cabinetry for storage & organization. Your spacious master suite offers a walk in closet, a

    Rick Metcalfe Canam Realty Group

    Section Image
  • 3345 E University Dr Unit 47, Mesa, AZ 85213

    $268,500

    • 2 Beds
    • 2 Baths
    • 1,051 Sq Ft
    • 3345 E University Dr
    • Unit 47
    • Mesa, AZ

    Charming two bedroom patio home in Premier 55+ community. Welcome to this beautifully updated two bedroom, two bath patio home located in a desirable 55+ community. Perfectly situated directly across from the community pool and clubhouse complete with a fully equipped fitness center - this home, combines convenience, comfort, and style. Step inside to discover a spacious light filled living area

    Krista Motola W and Partners, LLC

    Section Image
  • 1725 N Date Unit 24, Mesa, AZ 85201

    $240,000

    • 2 Beds
    • 2 Baths
    • 1,161 Sq Ft
    • 1725 N Date
    • Unit 24
    • Mesa, AZ

    This is a well priced, very sweet patio home with 2 car carport & big back & side yards with storage room. The spacious great room blends into the dining area. There is access to the patios from the dining room and primary bedroom. The airy kitchen has 2 pantries , a window & refrigerator. Off the hallway is the laundry area with washer/dryer included, a linen closet & big hall bathroom by the

    Judy Alvis RE/MAX Excalibur

    Section Image
  • 440 S Parkcrest Unit 88, Mesa, AZ 85206

    $310,000

    • 2 Beds
    • 2 Baths
    • 1,182 Sq Ft
    • 440 S Parkcrest
    • Unit 88
    • Mesa, AZ

    Introducing a fully renovated condo in the Sunland Villas Condominiums community. This 2-bedroom, 2-bathroom condo offers a lovely home in a great location. As you enter, you'll be welcomed by a fully renovated interior where no expense has been spared. Fully remodeled kitchen with stainless steel appliances, fully renovated bathrooms, and brand new quartz countertops and luxury vinyl floors

    Brandon Shotwell HomeSmart

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Interfamily Deed Transfer -- Chicago Title Agency Inc
Warranty Deed -- Chicago Title Agency Inc
Warranty Deed $237,500 Chicago Title Agency Inc
Warranty Deed -- None Available
Warranty Deed $163,000 Stewart Title & Trust Of Pho
Interfamily Deed Transfer -- --
Joint Tenancy Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Closed $176,250 New Conventional
Previous Owner $116,250 New Conventional
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5313083

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-20-104