NOT LISTED FOR SALE

1141 N April Cir Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $414,980 - $613,000

5 Beds
-- Bath
2,244 Sq Ft
$224/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $240,000 $107 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,751/month

114 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of October 2017

EXCELLENT TRIPLEX WITH A 6.4% CAP RATE AND LOTS OF ROOM FOR UPSIDE IN THE RENTS. ONE UNIT HAS BEEN REMODELED. MINUTES FROM HOHOKAM STADIUM. THE OAKLAND A'S SPRING TRAINING STADIUM. MINUTES FROM 202, 101 AND 60 FREEWAYS. CLOSE TO ASU, MCC, MESA RIVER VIEW AND TEMPE MARKET PLACE. RENTS ARE AS FOLLOWS: UNIT A $550, UNIT B $650, UNIT C $650.

Last Agent to Sell the Property

Michael Smith

Barrett Real Estate License #BR635584000 Listed on: 05/26/2017

Barrett Real Estate

Co-Listed By

Kathleen Smith

Barrett Real Estate License #BR016430000

Last Buyer's Agent

Linda Matejko

Arizona Elite Properties License #BR640814000

Arizona Elite Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $917

Year Built

  • Built in 1970

Lot Details

  • 8,059

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 87
  • Assessor Parcel Number 137-32-193-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • Enchanted Village Subdivision

Building Details

  • Operating Expense $5,477
  • Gross Income $22,200
  • Net Operating Income $15,828

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$917

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr/Brown
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2016
  • Directions: East on Brown off Mesa Drive,north on April Circle to building.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1440.0
  • Co List Office Mls Id: ddsm01
  • Co List Office Phone: 480-967-1333
  • Subdivision Name: ENCHANTED VILLAGE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 137-32-193-A

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 22200.0
  • Insurance Expense: 720.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 15828.0
  • Annual Operating Expense: 5477.0

Tax Info

  • Tax Annual Amount: 917.0
  • Tax Book Number: 137.00
  • Tax Lot: 87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2020
Sold by
Woodland William O and Woodland Linette B
Bought by
Woodland William O and Woodland Linette B
Current Estimated Value
$503,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$153,917
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$361,145

Purchase Details

Listed on
May 26, 2017
Closed on
Oct 9, 2017
Sold by
Lew Ken
Bought by
Woodland William O and Woodland Linette B
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
Linda Matejko
Arizona Elite Properties
List Price
$275,000
Sold Price
$240,000
Premium/Discount to List
-$35,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Original Mortgage
$175,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2005
Sold by
Lew Hyun S
Bought by
Lew Ken

Purchase Details

Closed on
Mar 22, 2004
Sold by
Lew Hyun
Bought by
Lew Ken

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.14%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 22, 1999
Sold by
Shaw Laverne M
Bought by
Karnas Joseph J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1997
Sold by
Shaw Laverne M
Bought by
Shaw Family Trust and Shaw Laverne M
Source: Public Records

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
Woodland William O -- American Title Svc Agcy Llc
Woodland William O $240,000 Greystone Title Agency Llc
Lew Ken -- Fidelity National Title
Lew Ken -- Fidelity National Title
Lew Ken $175,000 Fidelity National Title
Karnas Joseph J $120,000 First American Title
Shaw Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodland William O $172,500
Closed Woodland William O $175,000
Previous Owner Lew Ken $140,000
Previous Owner Karnas Joseph J $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2017 10/31/17 Sold $240,000 -3.6% $107 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
08/10/2017 08/10/17 Price Changed $249,000 -3.9% $111 / Sq Ft
07/28/2017 07/28/17 Price Changed $259,000 -5.8% $115 / Sq Ft
05/25/2017 05/25/17 For Sale $275,000 -- $123 / 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 $1,089 $11,092 -- --
2024 $1,098 $10,564 -- --
2023 $1,098 $36,580 $7,310 $29,270
2022 $1,075 $27,900 $5,580 $22,320
2021 $1,088 $23,410 $4,680 $18,730
2020 $1,074 $21,360 $4,270 $17,090
2019 $1,003 $18,120 $3,620 $14,500
2018 $963 $16,160 $3,230 $12,930
2017 $934 $13,430 $2,680 $10,750
2016 $917 $12,630 $2,520 $10,110
2015 $862 $11,060 $2,210 $8,850
Source: Public Records

Agents Affiliated with this Home

  • Michael Smith

    Seller's Agent in 2017

    Michael Smith

    Barrett Real Estate

    (480) 694-2564

    181 Total Sales

    Michael Smith
    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Kathleen Smith

    Barrett Real Estate

    (480) 967-1333

    73 Total Sales

    Kathleen Smith
    Section Image
  • Linda Matejko

    Buyer's Agent in 2017

    Linda Matejko

    Arizona Elite Properties

    (480) 202-2649

    9 Total Sales

    Linda Matejko
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5610927

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-193A

Arizona Maricopa County Mesa 85201 Mesa Patios

1141 N April Cir, Mesa, AZ

This home is located at 1141 N April Cir, Mesa, AZ 85203 since 26 May 2017 and is currently estimated at $503,745, approximately $224 per square foot. This property was built in 1970. 1141 N April 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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