NOT LISTED FOR SALE

1241 E 3rd Ave Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $692,000 - $993,000

-- Bed
-- Bath
3,080 Sq Ft
$258/Sq Ft Est. Value

Last Sold February 28, 2015

Last sale price $165,000 $54 Per Sq Ft

Est. 382% increase in value since last sale

Current estimated payment $4,546/month

16 Days on Market

Highlights

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

About This Home

As of February 2015

Nice fourplex on a culdesac. Quiet neighborhood. No carpet in any of the units. New roof and some AC's in last 5 years.

Last Agent to Sell the Property

Troy McNaughton

Gentry Real Estate License #SA585677000 Listed on: 01/13/2015

Gentry Real Estate

Last Buyer's Agent

Jennifer Utter

HomeSmart License #SA647096000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,125

Year Built

  • Built in 1983

Lot Details

  • 7,928

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 138-14-074

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,364

Building Details

  • Operating Expense $1,125
  • Gross Income $25,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,125

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Stapley/Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multifamily
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2014
  • Directions: South to Jarvis. East to Allen. South to property
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 8,364
  • Additional Parcels: No
  • Parcel #: 138-14-074

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 25032.0
  • Annual Operating Expense: 1125.0

Tax Info

  • Tax Annual Amount: 1125.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2021
Sold by
Tw2 Properties Llc
Bought by
L & L Services Llc
Current Estimated Value
$796,008

Purchase Details

Listed on
Jan 13, 2015
Closed on
Feb 25, 2015
Sold by
Arizona 5 Sfr Llc
Bought by
Tw2 Properties Llc
Seller's Agent
Troy McNaughton
Gentry Real Estate
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$179,900
Sold Price
$165,000
Premium/Discount to List
-$14,900
-8.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.47%

Purchase Details

Closed on
Jun 29, 2011
Sold by
East Valley Sfr Llc
Bought by
Arizona 5 Sfr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2011
Sold by
Sound Llc
Bought by
East Valley Sfr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

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
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 7, 2004
Sold by
Hipps William J and Hipps April M
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
Sep 3, 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
Aug 21, 1997
Sold by
Tilston Frederick W
Bought by
Hipps William J and Hipps April M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,892
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 18, 1995
Sold by
Mahr Alfred H and Mahr Olive O
Bought by
Tilston Frederick William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
7.59%
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
L & L Services Llc $750,000 Fidelity Natl Ttl Agcy Inc
Tw2 Properties Llc $159,000 Security Title Agency
Arizona 5 Sfr Llc $775,000 First American Title Ins Co
East Valley Sfr Llc -- Accommodation
Ortiz Anthony $342,500 Capital Title Agency Inc
Hebert Derick J $253,000 Capital Title Agency Inc
Spezzano Richard Guy -- Capital Title Agency Inc
Hipps William J $104,000 Old Republic Title Agency
Tilston Frederick William $102,500 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tw2 Properties Llc $5,321,250
Previous Owner Tw2 Properties Llc $3,559,500
Previous Owner Tw2 Properties Llc $2,395,035
Previous Owner Tw2 Properties Llc $215,000
Previous Owner Arizona 5 Sfr Llc $775,000
Previous Owner Ortiz Anthony $239,750
Previous Owner Hebert Derick J $189,750
Previous Owner Hipps William J $101,892
Previous Owner Tilston Frederick William $27,500
Closed Ortiz Anthony $68,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2015 02/28/15 Sold $165,000 -8.3% $54 / Sq Ft
01/28/2015 01/28/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $179,900 -- $58 / 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

  • T

    Seller's Agent in 2015

    Troy McNaughton

    Gentry Real Estate

    (480) 656-7814

    3 Total Sales

    Troy McNaughton
    Section Image

  • J

    Buyer's Agent in 2015

    Jennifer Utter

    HomeSmart

    (480) 710-8486

    2 in this area

    9 Total Sales

    Jennifer Utter
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5220532

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-074

Arizona Maricopa County Mesa 85204 Reed Park

1241 E 3rd Ave, Mesa, AZ

This home is located at 1241 E 3rd Ave, Mesa, AZ 85204 since 13 January 2015 and is currently estimated at $796,008, approximately $258 per square foot. This property was built in 1983. 1241 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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