NOT LISTED FOR SALE

Estimated Value: $280,000 - $326,282

-- Bed
1 Bath
665 Sq Ft
$465/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $145,000 $218 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,664/month

30 Days on Market

Highlights

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

About This Home

As of June 2016

great cash flow low maintenance duplex always rented back unit has new roof and kitchen cabinets front unit has new cabinets plenty of yard for each tenants.
Main house has 2 bedroom and 1 bath with laundry room and 665 SQ FT and rents for 675.
1 bedroom has 1 bath and is 449 sq ft
inspection only with written offer. Do not bother tenants you can view from the outside only.
TENANTS PAY ALL UTILITIES

Last Agent to Sell the Property

Raul Palacio

1st Dream Realty License #SA536559000 Listed on: 04/13/2016

Last Buyer's Agent

Nicholas Partida

Real Broker License #SA582279000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $650

Year Built

  • Built in 1955

Lot Details

  • 7,187

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV, landscaping
  • Legal Lot and Block 12 / 4
  • Assessor Parcel Number 138-19-117

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 7579
  • Stewarts East Mesa Add Subdivision

Building Details

  • Gross Income $13,395
  • Net Operating Income $12,295

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$650

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Stapley and Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: res
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2015
  • Road Surface Type: Private Street
  • Subdivision Name: STEWARTS EAST MESA ADD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • 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:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 7579
  • Additional Parcels: No
  • Parcel #: 138-19-117

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 13395.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 12295.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 650.0
  • Tax Block: 4
  • Tax Book Number: 138.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2016
Closed on
May 9, 2016
Sold by
Palacio Juan R and Palacio Maria P
Bought by
Riley Kevin D
Seller's Agent
Raul Palacio
1st Dream Realty
Buyer's Agent
Nicholas Partida
Real Broker
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Current Estimated Value
$309,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,321
Avg. Annual Appreciation
8.21%
Original Mortgage
$101,250
Outstanding Balance
$80,418
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$228,903

Purchase Details

Closed on
Feb 27, 2003
Sold by
Encore Property Development Llc
Bought by
Palacio Juan R and Palacio Maria P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,400
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2002
Sold by
Nielsen Craig M and Nielsen Wendy
Bought by
Ifmc Mtg 1 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Riley Kevin D $145,000 First American Title Ins Co
Palacio Juan R $115,500 Transnation Title Insurance
Encore Property Development Llc -- Transnation Title Insurance
Ifmc Mtg 1 Llc $47,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Kevin D $101,250
Previous Owner Palacio Juan R $92,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2016 06/03/16 Sold $145,000 -3.3% $218 / Sq Ft
04/13/2016 04/13/16 For Sale $149,900 -- $225 / 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 $581 $5,889 -- --
2024 $583 $5,608 -- --
2023 $583 $18,350 $3,670 $14,680
2022 $571 $14,660 $2,930 $11,730
2021 $578 $14,280 $2,850 $11,430
2020 $570 $13,010 $2,600 $10,410
2019 $533 $10,260 $2,050 $8,210
2018 $511 $9,570 $1,910 $7,660
2017 $496 $7,380 $1,470 $5,910
2016 $487 $5,360 $1,070 $4,290
2015 $457 $4,910 $980 $3,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5427766

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-19-117