$82,500
SOLD MAY 25, 2012
-- Bed
-- Bath
1,778 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$46 Per Sq Ft

3% Above List Price

66 Days on Market

Highlights

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

About This Home

As of July 2013

Regular Sale!.Cash Cow Duplex !. Management in place.Seller Carry back available. 15 % down and interest only Balloon due in five years.Front unit rented for $775.00 back studio rented for $450.00 $1,225.00 Gross. Local Manager in place. Easy for out of state owner.Subject to sucessful cancellation of prior escrow.Buyer to verify all information Square footage ect.Subject to cancellation of currant escrow

Last Agent to Sell the Property

Daniel Smith

RealtyONEGroup Mountain Desert License #SA634332000 Listed on: 02/14/2012

RealtyONEGroup Mountain Desert

Last Buyer's Agent

Nick Bastian

Realty Executives Arizona Territory License #SA045994000

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,097

Year Built

  • Built in 1955

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 138-53-033-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6,000

Building Details

  • Operating Expense $3,947
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,097

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Country Club and 1st ave
  • Property Type: Multiple Dwellings
  • Zoning: TCR 2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2011
  • Directions: Country Club to 1st Ave East to Lebaron South to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6,000
  • Additional Parcels: No
  • Parcel #: 138-53-033-B

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 2
  • Insurance Expense: 700.0
  • Property Net Operating Income: 10000.0
  • Annual Operating Expense: 3947.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1097.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2013
Closed on
Jul 29, 2013
Sold by
Resendez Kevin and Resendez Cheryl
Bought by
Libre Ventures Llc
Seller's Agent
Nick Bastian
Realty Executives Arizona Territory
Buyer's Agent
Nick Bastian
Realty Executives Arizona Territory
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$531,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,165
Avg. Annual Appreciation
11.74%
Original Mortgage
$90,000
Outstanding Balance
$66,699
Interest Rate
3.92%
Mortgage Type
Seller Take Back
Estimated Equity
$464,466

Purchase Details

Listed on
Feb 14, 2012
Closed on
May 25, 2012
Sold by
Carefree Desert Properties Llc
Bought by
Resendez Kevin and Resendez Cheryl
Seller's Agent
Daniel Smith
RealtyONEGroup Mountain Desert
Buyer's Agent
Nick Bastian
Realty Executives Arizona Territory
List Price
$79,900
Sold Price
$82,500
Premium/Discount to List
$2,600
3.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.54%

Purchase Details

Closed on
Jun 24, 2011
Sold by
Harvey Charles H
Bought by
Carefree Desert Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,900
Interest Rate
4.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 13, 2005
Sold by
Rdi Llc
Bought by
Harvey Chuck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
8.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2004
Sold by
Martin Paul and Martin Jana B
Bought by
Rdi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,500
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 6, 2000
Sold by
Martin Paul Hubert and Martin Jana Brady
Bought by
Martin Paul and Martin Jana B

Purchase Details

Closed on
Oct 29, 1998
Sold by
Cooley Michael D and Cooley Christine D
Bought by
Martin Paul Hubert and Martin Jana Brady

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
8.75%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $140,000 Fidelity National Title Agen
Cash Sale Deed $82,500 Fidelity National Title Agen
Trustee Deed $40,900 None Available
Warranty Deed $168,000 Capital Title Agency Inc
Trustee Deed $107,150 Capital Title Agency Inc
Interfamily Deed Transfer -- Transnation Title Insurance
Warranty Deed $62,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 Seller Take Back
Previous Owner $28,500 Unknown
Previous Owner $30,900 Unknown
Previous Owner $30,900 Purchase Money Mortgage
Previous Owner $171,000 Balloon
Previous Owner $151,200 New Conventional
Previous Owner $104,400 Construction
Previous Owner $96,500 Unknown
Previous Owner $63,750 Commercial
Closed $16,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Rented $1,695 0.0% --
08/16/2022 08/16/22 Price Changed $1,695 -3.1% $2 / Sq Ft
08/04/2022 08/04/22 Price Changed $1,750 -2.5% $2 / Sq Ft
08/01/2022 08/01/22 Price Changed $1,795 -5.3% $2 / Sq Ft
07/29/2022 07/29/22 For Rent $1,895 +11.8% --
09/01/2021 09/01/21 Rented $1,695 0.0% --
08/16/2021 08/16/21 For Rent $1,695 +16.9% --
07/01/2020 07/01/20 Rented $1,450 0.0% --
06/16/2020 06/16/20 Price Changed $1,450 -3.0% $1 / Sq Ft
06/10/2020 06/10/20 For Rent $1,495 0.0% --
07/31/2013 07/31/13 Sold $140,000 -6.7% $79 / Sq Ft
07/20/2013 07/20/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $150,000 +81.8% $84 / Sq Ft
05/25/2012 05/25/12 Sold $82,500 +3.3% $46 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
02/14/2012 02/14/12 For Sale $79,900 -- $45 / 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 $1,200 $12,229 -- --
2024 $1,210 $11,647 -- --
2023 $1,210 $34,530 $6,900 $27,630
2022 $1,185 $24,350 $4,870 $19,480
2021 $1,200 $20,870 $4,170 $16,700
2020 $1,184 $18,980 $3,790 $15,190
2019 $1,106 $15,760 $3,150 $12,610
2018 $1,062 $15,130 $3,020 $12,110
2017 $1,030 $14,130 $2,820 $11,310
2016 $1,011 $12,670 $2,530 $10,140
2015 $950 $11,900 $2,380 $9,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4716077

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-53-033B