NOT LISTED FOR SALE

1138 N Wedgewood Cir Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $423,242

4 Beds
-- Bath
1,734 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $260,000 $150 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,322/month

36 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2020

Owner/agent - Hurry this income property has lease in place for both units!Buy this property & start making money right away! Each unit is approx. 867sf, two - 2 bedroom/1 bath units. Each have great room, eatin kitchen, inside laundry in storage room off covered patio, each have private yard, block fence - great for pets and kids! Each unit has 1 covered parking, and 1 uncovered parking. Extra parking slab - both tenants share! Very loyal tenants - 1 has been there 20+ years, other 8+ years. Our family has owned this duplex for 40+ years! Heart break, but family has made decision to sell. Bring your offer today! Must make appointment with list agent to show. NO lockbox. Do not use showtime! Tenants work from home - HIGH RISK. Must wear mask and gloves to show!!Stay safe!

Last Agent to Sell the Property

Phyllis Ann Benson

ProSmart Realty License #BR107059000 Listed on: 08/26/2020

ProSmart Realty

Last Buyer's Agent

Michael Swindle

My Home Group Real Estate License #SA663703000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $866

Year Built

  • Built in 1972

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction

Flooring

  • Carpet
  • Vinyl

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 159
  • Assessor Parcel Number 137-32-265

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7615sf
  • Enchanted Village Subdivision

Building Details

  • Operating Expense $3,307
  • Gross Income $16,800
  • Net Operating Income $13,493

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$866

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & Brown - Tenant Occupied. No Lockbox
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2019
  • Directions: Go East to Wedgewood Circle, turn Left (north) to 3rd Duplex on left. Your investment begins!
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: ENCHANTED VILLAGE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood, Slump Block
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/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

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • 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

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

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: 7615sf
  • Additional Parcels: No
  • Parcel #: 137-32-265

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0
  • Property Net Operating Income: 13493.0
  • Annual Operating Expense: 3307.0

Tax Info

  • Tax Annual Amount: 866.0
  • Tax Book Number: 137.00
  • Tax Lot: 159

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Illusion Health Llc
Bought by
Wedgewood Duplex Llc
Current Estimated Value
$423,242

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 12, 2020
Sold by
Wedgewood Circle Investments Llc
Bought by
Illusion Health Llc
Seller's Agent
Phyllis Ann Benson
ProSmart Realty
Buyer's Agent
Michael Swindle
My Home Group Real Estate
List Price
$279,900
Sold Price
$260,000
Premium/Discount to List
-$19,900
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%
Original Mortgage
$200,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2019
Sold by
Benson Donald and Benson Phyllis A
Bought by
Benson Phyllis A

Purchase Details

Closed on
Jan 3, 2019
Sold by
Hoffer Karla and Benson Phyllis A
Bought by
Wedgewood Circle Investments Llc

Purchase Details

Closed on
Dec 20, 2018
Sold by
Mccormack Miles E and Reichard Family Trust
Bought by
Hoffer Karla and Benson Phyliis A
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
Wedgewood Duplex Llc -- None Available
Illusion Health Llc $260,000 Security Title Agency Inc
Benson Phyllis A -- None Available
Hoffer Karla -- None Available
Wedgewood Circle Investments Llc -- None Available
Hoffer Karla -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Illusion Health Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $260,000 -7.1% $150 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $279,900 -- $161 / 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 $939 $9,569 -- --
2024 $947 $9,113 -- --
2023 $947 $30,670 $6,130 $24,540
2022 $927 $23,320 $4,660 $18,660
2021 $939 $19,510 $3,900 $15,610
2020 $927 $17,660 $3,530 $14,130
2019 $866 $14,970 $2,990 $11,980
2018 $831 $13,580 $2,710 $10,870
2017 $806 $11,100 $2,220 $8,880
2016 $791 $10,280 $2,050 $8,230
2015 $744 $9,020 $1,800 $7,220
Source: Public Records

Agents Affiliated with this Home

  • Phyllis Ann Benson

    Seller's Agent in 2020

    Phyllis Ann Benson

    ProSmart Realty

    (602) 743-9788

    1 in this area

    18 Total Sales

    Phyllis Ann Benson
    Section Image
  • Michael Swindle

    Buyer's Agent in 2020

    Michael Swindle

    My Home Group

    (480) 800-9237

    1 in this area

    63 Total Sales

    Michael Swindle
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6123143

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-265

Arizona Maricopa County Mesa 85203 Mesa Patios

1138 N Wedgewood Cir, Mesa, AZ

This home is located at 1138 N Wedgewood Cir, Mesa, AZ 85203 since 26 August 2020 and is currently priced at $423,242, approximately $244 per square foot. This property was built in 1972. 1138 N Wedgewood 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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