NOT LISTED FOR SALE

Estimated Value: $641,803 - $712,000

8 Beds
4 Baths
900 Sq Ft
$765/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $670,000 $744 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,980/month

31 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2022

Back on the market! Buyer got cold feet, their loss is your gain! Huge Investment Opportunity located in a quaint cul-de-sac in the heart of Mesa!!! CURRENT RENTS ARE: $884, $904, $1,092, AND $1,196. All units are currently leased and feature 2 bedroom, 1 bathroom, covered parking space, separate storage for each unit, onsite coin operated laundry, and best of all NO HOA! One unit is upgraded with new flooring, cabinetry, paint, appliances, counter tops, water heater, light fixtures, doors, windows and trim. Owner pays water/sewer/trash and tenants pay electrical. Close to shopping, dining, light rail, buses, Mesa Community College, and more! This one will go fast!

Last Listed By

John Gluch

eXp Realty License #SA573605000 Listed on: 03/11/2022

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1972

Lot Details

  • 7,841

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 23
  • Assessor Parcel Number 134-13-024-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 98x106
  • Mesa Southwest Estates Subdivision

Building Details

  • Operating Expense $11,065
  • Gross Income $37,616
  • Net Operating Income $26,551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Alma School and Broadway Rd.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2021
  • Directions: US 60 to Alma School. North on Alma School. Approx 1 mile, turn east on Dragoon. Property located on left end of cul-de-sac.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1974.0
  • Co List Office Mls Id: xpre01
  • Co List Office Phone: 888-897-7821
  • Subdivision Name: MESA SOUTHWEST ESTATES
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Siding, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Paved2: 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: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 98x106
  • Additional Parcels: No
  • Parcel #: 134-13-024-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 37616.04
  • Insurance Expense: 1821.0
  • Property Net Operating Income: 26551.04
  • Annual Operating Expense: 11065.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1330.0
  • Tax Book Number: 134.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
May 16, 2022
Sold by
Dean Contorno Vincent
Bought by
Jarczyk Douglas James and Jarczyk Danielle Rose
Seller's Agent
John Gluch
eXp Realty
Buyer's Agent
Gary Weller
Weller Realty & Management
List Price
$644,999
Sold Price
$670,000
Premium/Discount to List
$25,001
3.88%
Total Days on Market
31
Current Estimated Value
$694,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,593
Avg. Annual Appreciation
0.92%
Original Mortgage
$502,500
Outstanding Balance
$480,938
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$207,263

Purchase Details

Closed on
Feb 1, 2021
Sold by
Contorno Vincent Dean
Bought by
Contorno Vincent Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,226
Interest Rate
3%
Mortgage Type
VA

Purchase Details

Listed on
Feb 26, 2020
Closed on
May 11, 2020
Sold by
Filsaime Ridjhana
Bought by
Contorno Vincent Dean
Seller's Agent
James Miller
Dave Johnson Realty
Buyer's Agent
John Gluch
eXp Realty
List Price
$449,000
Sold Price
$446,000
Premium/Discount to List
-$3,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$446,000
Interest Rate
3.3%
Mortgage Type
VA

Purchase Details

Listed on
Feb 26, 2020
Closed on
Apr 29, 2020
Sold by
Dutcher Jonuthan and Dutcher Kyla M
Bought by
Contorno Vincent Dean
Seller's Agent
James Miller
Dave Johnson Realty
Buyer's Agent
John Gluch
eXp Realty
List Price
$449,000
Sold Price
$446,000
Premium/Discount to List
-$3,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,000
Interest Rate
3.3%
Mortgage Type
VA

Purchase Details

Listed on
Apr 16, 2015
Closed on
May 28, 2015
Sold by
Ameri Russ Investments Llc
Bought by
Dutcher Jonathon S and Dutcher Jyla M
Seller's Agent
Anna Maria Tofani
REALTY ONE GROUP AZ
Buyer's Agent
James Miller
Dave Johnson Realty
List Price
$159,000
Sold Price
$171,000
Premium/Discount to List
$12,000
7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.32%
Original Mortgage
$128,250
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2011
Sold by
Esparza Pedro and Esparza Valentina
Bought by
Ameri Russ Investments Llc

Purchase Details

Closed on
Mar 21, 2005
Sold by
Jarrett Amber
Bought by
Esparza Pedro and Esparza Valentina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,700
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2004
Sold by
Gilbert Derek
Bought by
Jarrett Amber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2004
Sold by
Gilbert Gina
Bought by
Gilbert Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2001
Sold by
Amann Randy S and Amann Linda
Bought by
Gomez Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,746
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 1999
Sold by
Joesten Donald G and Joesten Dorothy
Bought by
Amann Randy S and Amann Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,439
Interest Rate
7.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 1995
Sold by
Halvorsen David T and Halvorsen Barbara J
Bought by
Joesten Donald G and Joesten Dorothy

Range of Values:

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Average Value
Not Available
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
Jarczyk Douglas James $670,000 Premier Title
Contorno Vincent Dean -- None Available
Contorno Vincent Dean -- Title Alliance Platinum Agcy
Contorno Vincent Dean $446,000 Title Alliance Platinum Agcy
Dutcher Jonathon S $171,000 Security Title Agency Inc
Ameri Russ Investments Llc $88,000 None Available
Esparza Pedro $303,000 Capital Title Agency Inc
Jarrett Amber $250,000 Security Title Agency Inc
Gilbert Derek -- Security Title Agency
Gilbert Derek $213,000 Security Title Agency
Gomez Irene $161,000 Chicago Title Insurance Co
Amann Randy S $117,000 Chicago Title Insurance Co
Joesten Donald G -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarczyk Douglas James $502,500
Previous Owner Contorno Vincent Dean $448,226
Previous Owner Contorno Vincent Dean $446,000
Previous Owner Dutcher Jonathon S $128,250
Previous Owner Esparza Pedro $60,000
Previous Owner Esparza Pedro $272,700
Previous Owner Jarrett Amber $225,000
Previous Owner Gilbert Derek $170,550
Previous Owner Gomez Irene $160,029
Previous Owner Gomez Irene $158,746
Previous Owner Amann Randy S $101,439
Closed Esparza Pedro $15,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $670,000 +3.9% $744 / Sq Ft
03/18/2022 03/18/22 For Sale $644,999 -3.7% $717 / Sq Ft
03/14/2022 03/14/22 Off Market $670,000 -- --
03/11/2022 03/11/22 For Sale $644,999 +44.6% $717 / Sq Ft
05/18/2020 05/18/20 Sold $446,000 -0.7% $496 / Sq Ft
05/16/2020 05/16/20 Price Changed $449,000 0.0% $499 / Sq Ft
03/29/2020 03/29/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $449,000 0.0% $499 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $449,000 +162.6% $499 / Sq Ft
06/03/2015 06/03/15 Sold $171,000 +7.5% $190 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $159,000 -- $177 / 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 $1,331 $13,563 -- --
2024 $1,342 $12,917 -- --
2023 $1,342 $48,920 $9,780 $39,140
2022 $1,314 $35,970 $7,190 $28,780
2021 $1,330 $29,760 $5,950 $23,810
2020 $1,313 $26,530 $5,300 $21,230
2019 $1,227 $22,560 $4,510 $18,050
2018 $1,178 $20,400 $4,080 $16,320
2017 $1,142 $17,410 $3,480 $13,930
2016 $1,121 $15,370 $3,070 $12,300
2015 $1,054 $14,130 $2,820 $11,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6367083

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-13-024A