NOT LISTED FOR SALE

1235 E 3rd Ave Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $437,497 - $970,000

-- Bed
4 Baths
750 Sq Ft
$931/Sq Ft Est. Value

Last Sold March 30, 2016

Last sale price $210,000 $280 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $3,812/month

90 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of March 2016

Great Opportunity! Priced to sell! Motivated Seller! Don't miss out!

Last Agent to Sell the Property

Morgan Weese

AZREAPM License #BR646571000 Listed on: 12/15/2015

Co-Listed By

Danny Perkinson

Perk Prop Real Estate License #BR626253000

Last Buyer's Agent

Armando Nunez

West USA Realty License #SA527126000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,049

Year Built

  • Built in 1983

Lot Details

  • 7,928

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Longfellow Elementary School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 5
  • Assessor Parcel Number 138-14-073

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0

Building Details

  • Operating Expense $8,652
  • Gross Income $23,760
  • Net Operating Income $14,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,049

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Stapley/Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 235.0
  • Co List Office Mls Id: thgr001
  • Co List Office Phone: 480-426-1590
  • 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
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks, Frame - Wood, Slump Block
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • 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:Free: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1731.0

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 138-14-073

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 4
  • Electric Expense: 110.0
  • Annual Gross Income: 23760.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 909.0
  • Property Net Operating Income: 14893.0
  • Annual Operating Expense: 8652.42

Tax Info

  • Tax Annual Amount: 1049.42
  • Tax Book Number: 138.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2025
Sold by
Miranda Lorenzo and Roman Laura
Bought by
Miranda Family Living Trust and Espinoza
Current Estimated Value
$698,166

Purchase Details

Listed on
Dec 15, 2015
Closed on
Apr 5, 2016
Sold by
Arizona Sage Investments Llc
Bought by
Miranda Lorenzo and Roman Laura
Seller's Agent
Morgan Weese
AZREAPM
Buyer's Agent
Armando Nunez
West USA Realty
List Price
$210,000
Sold Price
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%
Original Mortgage
$160,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2012
Sold by
Ortiz Anthony
Bought by
Kmr Management Llc

Purchase Details

Closed on
Dec 9, 2005
Sold by
Hebert Derick J and Hebert Sharon
Bought by
Ortiz Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,750
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2004
Sold by
Caceres Lorenzo
Bought by
Hebert Derick J and Hebert Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2004
Sold by
Spezzano Carole A
Bought by
Spezzano Richard Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2004
Sold by
Caceres Selena
Bought by
Caceres Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2004
Sold by
Fogliano Anthony Thomas
Bought by
Caceres Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2003
Sold by
Fogliano Kristina Marie
Bought by
Fogliano Anthony Thomas

Purchase Details

Closed on
May 27, 1997
Sold by
Cologna Victoria J
Bought by
Fogliano Anthony T and Fogliano Kristina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 1996
Sold by
Mingura Michael C and Cologna Victoria J
Bought by
Cologna Victoria J

Purchase Details

Closed on
Jun 5, 1996
Sold by
Cologna Victoria J
Bought by
Mingura Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,806
Interest Rate
8.03%
Mortgage Type
Seller Take Back
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
Miranda Family Living Trust -- None Listed On Document
Miranda Lorenzo $210,000 Security Title Agency Inc
Kmr Management Llc $81,000 None Available
Ortiz Anthony $342,500 Capital Title Agency Inc
Hebert Derick J $253,000 Capital Title Agency Inc
Spezzano Richard Guy -- Capital Title Agency Inc
Caceres Lorenzo -- Security Title Agency
Caceres Lorenzo $208,000 Security Title Agency
Fogliano Anthony Thomas -- Chicago Title Insurance Co
Fogliano Anthony T $105,000 Transnation Title Ins Co
Cologna Victoria J -- --
Mingura Michael C $107,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miranda Lorenzo $160,000
Previous Owner Ortiz Anthony $239,750
Previous Owner Hebert Derick J $189,750
Previous Owner Caceres Lorenzo $166,400
Previous Owner Caceres Lorenzo $166,400
Previous Owner Fogliano Anthony T $94,500
Previous Owner Mingura Michael C $3,806
Closed Mingura Michael C $98,693
Closed Ortiz Anthony $68,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2016 03/30/16 Sold $210,000 0.0% $280 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $210,000 -- $280 / 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 $1,326 $13,508 -- --
2024 $1,337 $12,864 -- --
2023 $1,337 $47,450 $9,490 $37,960
2022 $1,309 $36,380 $7,270 $29,110
2021 $1,325 $28,930 $5,780 $23,150
2020 $1,308 $25,960 $5,190 $20,770
2019 $1,222 $22,280 $4,450 $17,830
2018 $1,173 $20,060 $4,010 $16,050
2017 $1,138 $16,970 $3,390 $13,580
2016 $1,117 $16,170 $3,230 $12,940
2015 $1,049 $13,960 $2,790 $11,170
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Morgan Weese

    AZREAPM

    (480) 310-9960

    20 Total Sales

    Morgan Weese
    Section Image
  • Danny Perkinson

    Seller Co-Listing Agent in 2016

    Danny Perkinson

    Perk Prop Real Estate

    (480) 247-1153

    89 Total Sales

    Danny Perkinson
    Section Image
  • Armando Nunez

    Buyer's Agent in 2016

    Armando Nunez

    West USA Realty

    (602) 245-4973

    32 Total Sales

    Armando Nunez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5373385

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-073

Arizona Maricopa County Mesa 85204 Reed Park

1235 E 3rd Ave, Mesa, AZ

This home is located at 1235 E 3rd Ave, Mesa, AZ 85204 since 15 December 2015 and is currently estimated at $698,166, approximately $930 per square foot. This property was built in 1983. 1235 E 3rd 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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