$258,000
SOLD DEC 20, 2019
-- Bed
-- Bath
1,792 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

1% Below List Price

95 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2019

Solid Duplex in a good area of Mesa ,always rented with upside to raise rents. 2 bedroom 2 bath washer dryer hookups at storage each unit has a little private back storage yard. Interior condition of property is very good. Present rents are way below market room increase rents immediately

Last Agent to Sell the Property

Raul Palacio

1st Dream Realty License #SA536559000 Listed on: 08/17/2019

Last Buyer's Agent

Ann September Butler

eXp Realty License #SA585459000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $787

Year Built

  • Built in 1971

Home Design

  • Brick Exterior Construction
  • Shake Roof
  • Foam Roof

Parking

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

Schools

  • Guerrero Elementary School
  • Rhodes Junior High School
  • Dobson High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 134-13-027-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 5640
  • Mesa Southwest Estates Subdivision

Building Details

  • Operating Expense $2,937
  • Gross Income $17,346
  • Net Operating Income $14,409

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$787

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Alma School And 8th ave
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi fam
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2018
  • Directions: 8th ave and Alma school Directions: north on Alma School right on Drummer to property
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: MESA SOUTHWEST ESTATES
  • Tax Parcel Letter: B
  • 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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Slump Block
  • Roof: Foam, Shake
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • 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

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1000.0

Schools

  • Elementary School: Guerrero Elementary School
  • High School: Dobson High School
  • Middle Or Junior School: Rhodes Junior High School

Lot Info

  • Lot Size: 5640
  • Additional Parcels: No
  • Parcel #: 134-13-027-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 17346.0
  • Insurance Expense: 650.0
  • Property Net Operating Income: 14409.0
  • Annual Operating Expense: 2937.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 787.0
  • Tax Book Number: 134.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Mesa Multi 2 Llc
Bought by
Mfv Az Llc
Current Estimated Value
$500,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,180
Outstanding Balance
$170,736
Interest Rate
7.18%
Mortgage Type
Seller Take Back
Estimated Equity
$311,976

Purchase Details

Closed on
Mar 30, 2022
Sold by
Shanieka Gibson
Bought by
Mesa Multi 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2019
Closed on
Dec 17, 2019
Sold by
Montes Carlos and Gibson Shanieka
Bought by
Gibson Shanieka
Seller's Agent
Raul Palacio
1st Dream Realty
Buyer's Agent
Ann September Butler
eXp Realty
List Price
$260,000
Sold Price
$258,000
Premium/Discount to List
-$2,000
-0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$253,326
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 17, 2019
Closed on
Dec 6, 2019
Sold by
Rivera Alfonso and Rivera Maria
Bought by
Gibson Shanieka
Seller's Agent
Raul Palacio
1st Dream Realty
Buyer's Agent
Ann September Butler
eXp Realty
List Price
$260,000
Sold Price
$258,000
Premium/Discount to List
-$2,000
-0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,326
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2003
Sold by
Mcenaney Kirk Michael and Mcenaney Tracey
Bought by
Rivera Alfonso and Rivera Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2003
Sold by
Aguirre Ruben
Bought by
Aguirre Luciano S and Aguirre Dominga E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2002
Sold by
Aguirre Luciano S and Aguirre Dominga E
Bought by
Mcenaney Kirk Michael and Mcenaney Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.76%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $500,000 Title Service And Escrow
Warranty Deed -- Dhi Title
Warranty Deed -- Great American Ttl Agcy Inc
Warranty Deed $258,000 Great American Title Agency
Warranty Deed $130,000 Transnation Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $120,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $173,180 Seller Take Back
Previous Owner $312,000 New Conventional
Previous Owner $254,392 FHA
Previous Owner $253,326 FHA
Previous Owner $129,000 Unknown
Previous Owner $104,000 Purchase Money Mortgage
Previous Owner $96,000 New Conventional
Closed $18,000 No Value Available
Closed $13,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Rented $1,595 0.0% --
05/20/2023 05/20/23 Price Changed $1,595 -5.9% $1 / Sq Ft
04/19/2023 04/19/23 For Rent $1,695 0.0% --
12/20/2019 12/20/19 Sold $258,000 0.0% $144 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
10/26/2019 10/26/19 Price Changed $258,000 -0.8% $144 / Sq Ft
09/16/2019 09/16/19 For Sale $260,000 0.0% $145 / Sq Ft
09/16/2019 09/16/19 Price Changed $260,000 0.0% $145 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
08/17/2019 08/17/19 For Sale $260,000 -- $145 / 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 $890 $9,069 -- --
2024 $898 $8,637 -- --
2023 $898 $29,300 $5,860 $23,440
2022 $879 $21,930 $4,380 $17,550
2021 $890 $18,580 $3,710 $14,870
2020 $878 $16,760 $3,350 $13,410
2019 $820 $14,470 $2,890 $11,580
2018 $787 $13,180 $2,630 $10,550
2017 $764 $10,710 $2,140 $8,570
2016 $750 $9,160 $1,830 $7,330
2015 $705 $8,700 $1,740 $6,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5966571

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-13-027B