NOT LISTED FOR SALE

1138 N Dresden Cir Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $448,352 - $590,000

-- Bed
-- Bath
2,070 Sq Ft
$251/Sq Ft Est. Value

Last Sold January 04, 2018

Last sale price $250,000 $121 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,990/month

5 Days on Market

Highlights

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

About This Home

As of January 2018

TURN-KEY!! ***DRIVE BY ONLY** Location, Location, Location! minutes away from Mesa Riverview/Tempe Marketplace! Close to Cubs & Oakland A's spring training! MCC, ASU and light rail! Fully rented, rarely vacant. Meticulously maintained by owner! 2-1 bed 1 bath units and 1-2bed/1bath unit. Rent is 750,700,800. 2 are MTM (month-to-month) and 1 is up 3/18 Always rented! 1% vacancy rate! 8.8% CAP RATE! Only 2 months out of the last 48 months have been vacant (out of all 3 units!) Stucco'd exterior! 1 & 2 Car garage (3 garages!) and 1 Carport! Tons of storage. Each unit has a 5x5 storage area, but there are 2 15x10 additional storage areas! 1138 has sideyard, 1142 has sideyard and backyard with Covered patio. Community coin-op laundry

Last Agent to Sell the Property

Ben Swanson

Keller Williams Integrity First License #BR525716000 Listed on: 12/22/2017

Keller Williams Integrity First

Last Buyer's Agent

Ephrem Jando

Real Broker License #BR552736000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $901

Year Built

  • Built in 1972

Lot Details

  • 8,973

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Stucco

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 137-32-378

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irregular
  • Turco Terrace Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $4,083
  • Gross Income $26,730
  • Net Operating Income $22,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$901

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. & Brown Rd.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multii-Family
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2017
  • Directions: East on Brown, North on Dresden, Property on the West side of the street. (1138) NO SIGN AT PROPERTY DRIVE BY ONLY
  • Road Surface Type: Asphalt
  • Subdivision Name: TURCO TERRACE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition, Metal
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_less_1 Space Per Unit: Yes
  • Parking:Auto Door Opener: Yes

Utilities

  • Electric: Other (See Remarks), City Electric, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Play Area, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Trash Expense: 348.41
  • Annual Water Sewer Expense: 787.89

Schools

  • Elementary School: Kerr Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 137-32-378

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 1147.56
  • Annual Gross Income: 26730.0
  • Insurance Expense: 898.45
  • Property Net Operating Income: 22916.0
  • Annual Operating Expense: 4083.31
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 901.0
  • Tax Book Number: 137.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2017
Closed on
Dec 27, 2017
Sold by
Herseth Bradley D and Kelly Christine M
Bought by
Jando Family Investments Llc
Seller's Agent
Ben Swanson
Keller Williams Integrity First
Buyer's Agent
Ephrem Jando
Real Broker
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Current Estimated Value
$519,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,338
Avg. Annual Appreciation
10.66%

Purchase Details

Closed on
May 18, 2004
Sold by
Terrazas Eloise
Bought by
Herseth Bradley D and Kelly Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2000
Sold by
Terrazas Eloise
Bought by
Terrazas Eloise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,050
Interest Rate
8.18%

Purchase Details

Closed on
May 20, 1999
Sold by
Terrazas Eloise
Bought by
Terrazas Eloise

Purchase Details

Closed on
Oct 15, 1993
Sold by
Leight
Bought by
Leight Family Trust
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
Jando Family Investments Llc $250,000 Lawyers Title Of Arizona Inc
Herseth Bradley D $168,000 Lawyers Title Ins
Terrazas Eloise -- Fidelity National Title
Terrazas Eloise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herseth Bradley D $110,573
Previous Owner Herseth Bradley D $100,000
Previous Owner Herseth Bradley D $126,000
Previous Owner Terrazas Eloise $74,000
Previous Owner Terrazas Eloise $75,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2018 01/04/18 Sold $250,000 -3.8% $121 / Sq Ft
12/27/2017 12/27/17 Pending -- -- --
12/22/2017 12/22/17 For Sale $259,900 -- $126 / 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 $1,050 $10,698 -- --
2024 $1,059 $10,189 -- --
2023 $1,059 $35,020 $7,000 $28,020
2022 $1,037 $26,750 $5,350 $21,400
2021 $1,050 $22,550 $4,510 $18,040
2020 $1,036 $20,570 $4,110 $16,460
2019 $968 $17,350 $3,470 $13,880
2018 $929 $15,450 $3,090 $12,360
2017 $901 $12,850 $2,570 $10,280
2016 $884 $12,130 $2,420 $9,710
2015 $831 $10,560 $2,110 $8,450
Source: Public Records

Agents Affiliated with this Home

  • Ben Swanson

    Seller's Agent in 2018

    Ben Swanson

    Keller Williams Integrity First

    (480) 442-8552

    2 in this area

    183 Total Sales

    Ben Swanson
    Section Image
  • Ephrem Jando

    Buyer's Agent in 2018

    Ephrem Jando

    Real Broker

    (480) 206-3631

    1 in this area

    41 Total Sales

    Ephrem Jando
    Section Image
  • Tyler Neumann

    Buyer Co-Listing Agent in 2018

    Tyler Neumann

    HomeSmart

    (480) 414-1011

    5 Total Sales

    Tyler Neumann
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5701127

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-378

Arizona Maricopa County Mesa 85203 Mesa Patios

1138 N Dresden Cir, Mesa, AZ

This home is located at 1138 N Dresden Cir, Mesa, AZ 85203 since 22 December 2017 and is currently estimated at $519,338, approximately $250 per square foot. This property was built in 1972. 1138 N Dresden Cir is a home located in Maricopa County with nearby schools including Franklin at Brimhall Elementary School, Kerr 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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