1247 E 3rd Ave Mesa, AZ 85204
Reed Park Neighborhood
--
Bed
--
Bath
2,108
Sq Ft
7,100
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Individual Controls for Heating
- Franklin at Brimhall Elementary School Rated A
About This Home
As of September 2020Single level block construction located in a cul-de-sac with covered parking. All one bedroom and 1 bath units with great room and open kitchen. A great investment opportunity! Located close to downtown Mesa near to restaurants, shopping and light rail with easy access to the Hwy 60. Owner pays water, sewer, trash. Tenants pay electric (each unit has separate meter).
Owner has another fourplex less than 2 miles away at 318 E VINE CIR, Mesa, AZ 85210 (MLS #5862828) and would like to sell together and do a 1031 exchange.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $880
Year Built
- Built in 1963
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- Longfellow Elementary School
- Poston Junior High School
- Mesa High School
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 17
- Assessor Parcel Number 138-14-022-B
Community Details
Overview
- 4 Units
- Building Dimensions are 7089
- Hibbert Allen Acres Subdivision
Building Details
- Operating Expense $880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2021
Sold by
Illusion Health Llc
Bought by
Quaint Living Llc
Total Days on Market
227
Current Estimated Value
Purchase Details
Listed on
Jul 24, 2020
Closed on
Sep 11, 2020
Sold by
White Fig Homes Jv Llc
Bought by
Illusion Health Llc
Seller's Agent
Elmon Krupnik
Venture REI, LLC
Buyer's Agent
Michael Swindle
My Home Group Real Estate
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$310,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 3, 2019
Closed on
Dec 10, 2019
Sold by
Salt River Equity Llc
Bought by
White Fig Homes Jv Llc
Seller's Agent
Chris Kirkpatrick
Realty Executives
Buyer's Agent
Joshua Roubal
Dwellings Realty Group
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
132.87%
Original Mortgage
$100,000
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 3, 2019
Closed on
Nov 18, 2019
Sold by
Adsg Llc
Bought by
Invesource Llc
Seller's Agent
Chris Kirkpatrick
Realty Executives
Buyer's Agent
Joshua Roubal
Dwellings Realty Group
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 6, 2011
Closed on
Jan 13, 2012
Sold by
Fannie Mae
Bought by
Adsg Llc
Seller's Agent
Greg Crespo
Blend Realty
Buyer's Agent
Gina Donnelly
ProSmart Realty
List Price
$84,900
Sold Price
$72,400
Premium/Discount to List
-$12,500
-14.72%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.71%
Purchase Details
Closed on
Sep 16, 2011
Sold by
Schultz Vicki O
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Apr 3, 2006
Sold by
Schultz Jack F and Schultz Vicki O
Bought by
Jfs 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
$150,000
Interest Rate
6.19%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Mar 9, 2006
Sold by
Schultz J Frost
Bought by
Schultz Vicki O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.19%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Jul 18, 2003
Sold by
Schultz J Frosty and Schultz Vicki O
Bought by
Schultz J Frost and Schultz Vicki O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
Map
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Similar Home in Mesa, AZ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $520,000 | Security Title Agency Inc | |
| Special Warranty Deed | $320,000 | American Title Svc Agcy Llc | |
| Warranty Deed | $285,000 | American Title Svc Agcy Llc | |
| Warranty Deed | $260,000 | Chicago Title Agency | |
| Cash Sale Deed | $72,400 | Lawyers Title Of Arizona Inc | |
| Trustee Deed | $155,355 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Grand Canyon Title Agency In |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $310,000 | Commercial | |
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $346,000 | Commercial | |
| Previous Owner | $210,000 | Commercial | |
| Previous Owner | $150,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $117,600 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2020 09/14/20 | Sold | $520,000 | -0.9% | $247 / Sq Ft |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- |
| 08/26/2020 08/26/20 | Price Changed | $524,900 | 0.0% | $249 / Sq Ft |
| 07/24/2020 07/24/20 | For Sale | $525,000 | +101.9% | $249 / Sq Ft |
| 11/20/2019 11/20/19 | Sold | $260,000 | -13.3% | $123 / Sq Ft |
| 08/18/2019 08/18/19 | Pending | -- | -- | -- |
| 01/03/2019 01/03/19 | For Sale | $300,000 | +314.4% | $142 / Sq Ft |
| 01/19/2012 01/19/12 | Sold | $72,400 | -14.7% | $34 / Sq Ft |
| 12/30/2011 12/30/11 | Pending | -- | -- | -- |
| 10/06/2011 10/06/11 | For Sale | $84,900 | -- | $40 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,019 | $10,378 | -- | -- |
| 2024 | $1,027 | $9,883 | -- | -- |
| 2023 | $1,027 | $37,960 | $7,590 | $30,370 |
| 2022 | $1,006 | $24,000 | $4,800 | $19,200 |
| 2021 | $1,018 | $18,330 | $3,660 | $14,670 |
| 2020 | $1,005 | $15,980 | $3,190 | $12,790 |
| 2019 | $939 | $13,150 | $2,630 | $10,520 |
| 2018 | $901 | $10,810 | $2,160 | $8,650 |
| 2017 | $874 | $12,700 | $2,540 | $10,160 |
| 2016 | $858 | $11,580 | $2,310 | $9,270 |
| 2015 | $806 | $10,460 | $2,090 | $8,370 |
Source: Public Records
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5862825
APN: 138-14-022B
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.
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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