NOT LISTED FOR SALE

Estimated Value: $556,810 - $574,000

-- Bed
-- Bath
2,455 Sq Ft
$230/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $248,000 $101 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $3,076/month

164 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2018

A great opportunity for an investor to jump on this quickly. Wonderful duplex that has tenants in place. Lease runs till August of 2018 for both units and both have been there for years.

1132 is 1600 sq. ft with 3 bedrooms and 2 baths.
Kitchen is open to a good size eating are.
Nice size master and bath with walk-in shower, Plus a walk-in closet.
Great Arizona room, Inside laundry, fenced in backyard with a storage unit.

The second unit is 1000 sq. ft. features a living room, kitchen and and nice size dining area. 2 good size bedrooms plus 2 baths. Inside laundry, Good size fenced in private backyard with a storage unit. This unit is immaculate as Mrs. Clean lives here.

Great location and close to shopping.

Last Agent to Sell the Property

Susan Dawson

MCO Realty License #SA035163000 Listed on: 10/03/2017

Co-Listed By

Michael Gant

MCO Realty License #BR631642000

Last Buyer's Agent

Robert Tolnai

Best Homes Real Estate License #SA529823000

Best Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $945

Year Built

  • Built in 1972

Lot Details

  • 9,322

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

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

Schools

  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 137-32-369

Community Details

Overview

  • 2 Units
  • Building Dimensions are irr
  • Turco Terrace Subdivision

Building Details

  • Operating Expense $6,626
  • Gross Income $22,080
  • Net Operating Income $18,454

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$945

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Brown and Mesa Dr.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2016
  • Directions: East on Brown to July Circle Duplex is on the left side.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: mcoa01
  • Co List Office Phone: 480-837-2500
  • Subdivision Name: TURCO TERRACE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1828.0

Schools

  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 137-32-369

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 22080.0
  • Insurance Expense: 853.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 18454.0
  • Annual Operating Expense: 6626.0

Tax Info

  • Tax Annual Amount: 945.0
  • Tax Book Number: 137.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2025
Sold by
Mai Michael
Bought by
M4 Homes Llc
Current Estimated Value
$563,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,500
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2025
Sold by
Amm Property Rentals Llc
Bought by
Mai Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,500
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2021
Sold by
Trieu Thoa K
Bought by
Amm Property Rentals Llc

Purchase Details

Closed on
Oct 21, 2020
Sold by
Amm Property Rentals Llc
Bought by
Trieu Thoa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2017
Closed on
Mar 30, 2018
Sold by
Evans Robert T and Evans Melody
Bought by
Amm Property Rentals Llc
Seller's Agent
Susan Dawson
MCO Realty
Buyer's Agent
Robert Tolnai
Best Homes Real Estate
List Price
$275,000
Sold Price
$248,000
Premium/Discount to List
-$27,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.66%

Purchase Details

Closed on
Jul 14, 2005
Sold by
Deliz James Thomas
Bought by
Evans Robert T and Evans Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2000
Sold by
Bank Of America Na
Bought by
Deliz James Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,650
Interest Rate
8.21%
Mortgage Type
New Conventional
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
M4 Homes Llc -- --
Mai Michael $550,000 Dhi Title Agency
Amm Property Rentals Llc -- None Available
Trieu Thoa K -- Security Title Agency Inc
Amm Property Rentals Llc $248,000 Wfg National Title Insurance
Evans Robert T $274,500 Capital Title Agency Inc
Deliz James Thomas $119,650 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mai Michael $522,500
Previous Owner Trieu Thoa K $198,000
Previous Owner Evans Robert T $202,500
Previous Owner Deliz James Thomas $113,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $248,000 -7.8% $101 / Sq Ft
01/06/2018 01/06/18 Price Changed $269,000 -2.2% $110 / Sq Ft
10/03/2017 10/03/17 For Sale $275,000 -- $112 / 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 $1,215 $12,383 -- --
2024 $1,225 $11,793 -- --
2023 $1,225 $40,030 $8,000 $32,030
2022 $1,200 $30,150 $6,030 $24,120
2021 $1,215 $25,200 $5,040 $20,160
2020 $1,199 $22,910 $4,580 $18,330
2019 $1,120 $19,530 $3,900 $15,630
2018 $993 $17,730 $3,540 $14,190
2017 $963 $14,400 $2,880 $11,520
2016 $945 $13,470 $2,690 $10,780
2015 $890 $11,900 $2,380 $9,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5668556

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-369