NOT LISTED FOR SALE

1220 E Jarvis Ave Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $669,667

-- Bed
-- Bath
4,450 Sq Ft
$150/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $453,000 $102 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,836/month

4 Days on Market

Highlights

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

About This Home

As of April 2021

4 plex fix up - AS IS - Estate sale - Offers need to be submitted by 5pm Sunday - Cash or hard money only - blank slate property with room for expansion on this 10,818 sq ft property. 2 parcels included in sale 138-14-011-B & K, all 2 story units with 1 bathroom upstairs, 3 are 2 bedroom and 1 is 1 bedroom with large back patio that could be converted to living space. Units have been cleaned out and ready for full renovation. Basic full update should = $1,000 monthly rent, higher end finishes = $1,200. Units are metered separately for electric, owner pays master water/trash bill - currently $198 with City Mesa. Roof needs repair and 3 of the 4 AC units are old. Tax records show 4,450 sq ft - we are estimating 1,112 sq ft per unit.------OFFERS BEING REVIEWED CURRENTLY 3-28-21

Last Listed By

Scott Porambo

Prime House LLC Brokerage Phone: 602-980-3446 License #BR036102000 Listed on: 03/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1970

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 9
  • Assessor Parcel Number 138-14-011-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 144 x 75
  • Hibbert Allen Acres Lots 8 20 Subdivision

Building Details

  • Operating Expense $1,462
  • Gross Income $48,000
  • Net Operating Income $43,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,462

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Broadway & Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4 Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2020
  • Directions: North to Jarvis, East to property on north side of street. Pull into complex and park.
  • Attribution Contact: 602-980-3446
  • Road Surface Type: Asphalt
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 8-20
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Other, See Remarks
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 144 x 75
  • Additional Parcels: Yes
  • Parcel #: 138-14-011-B

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 48000.0
  • Property Net Operating Income: 43980.0
  • Annual Operating Expense: 1462.0

Tax Info

  • Tax Annual Amount: 1462.0
  • Tax Book Number: 138.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2023
Sold by
Williams Scott
Bought by
1220 E Jarvis Trust
Total Days on Market
4
Current Estimated Value
$669,667

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 19, 2021
Sold by
Williams Tamara and Williams Scott
Bought by
Williams Scott
Seller's Agent
Scott Porambo
Prime House LLC
Buyer's Agent
Scott Porambo
Prime House LLC
List Price
$340,000
Sold Price
$453,000
Premium/Discount to List
$113,000
33.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%

Purchase Details

Closed on
Mar 7, 2005
Sold by
Orto Judith J
Bought by
Orto Judith J and Orto Richard A

Purchase Details

Closed on
Feb 24, 1996
Sold by
Brewer Keith J and Brewer Alexa Lois
Bought by
Orto Judith J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.98%
Mortgage Type
New Conventional

Range of Values:

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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
1220 E Jarvis Trust -- None Listed On Document
Williams Scott -- Pioneer Title Agency Inc
Williams Scott $453,000 Pioneer Title Agency Inc
Orto Judith J -- --
Orto Judith J $106,800 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott Williams $436,100
Previous Owner Orto Judith J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $453,000 0.0% $102 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
03/28/2021 03/28/21 Off Market $453,000 -- --
03/24/2021 03/24/21 For Sale $340,000 -- $76 / 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 $1,482 $15,102 -- --
2024 $1,495 $14,383 -- --
2023 $1,495 $55,960 $6,350 $49,610
2022 $1,464 $39,630 $4,500 $35,130
2021 $1,482 $31,110 $3,530 $27,580
2020 $1,462 $27,510 $3,120 $24,390
2019 $1,366 $22,180 $2,520 $19,660
2018 $1,311 $20,350 $2,300 $18,050
2017 $1,272 $19,890 $2,250 $17,640
2016 $1,248 $19,180 $2,170 $17,010
2015 $1,173 $16,130 $1,820 $14,310
Source: Public Records

Agents Affiliated with this Home

  • Scott Porambo

    Seller's Agent in 2021

    Scott Porambo

    Prime House LLC

    (602) 980-3446

    1 in this area

    95 Total Sales

    Scott Porambo
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6211750

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-011B

Arizona Maricopa County Mesa 85204 Reed Park

1220 E Jarvis Ave, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1220 E Jarvis Ave, Mesa, AZ 85204 since 24 March 2021 and is currently priced at $669,667, approximately $150 per square foot. This property was built in 1970. 1220 E Jarvis Ave is a home located in Maricopa County with nearby schools including Longfellow Elementary School, Franklin at Brimhall 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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