NOT LISTED FOR SALE

Estimated Value: $304,000 - $507,000

1 Bed
3 Baths
1,506 Sq Ft
$295/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $253,000 $168 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,573/month

22 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2017

Nicely maintained triplex in great location. The roof, windows, plumbing, and landscaping have all been updated with last few years. On site laundry, covered parking, block construction. This is the type of property that will produce income for generations, and increase in value along the way. Close to ASU, Light Rail, Cubs Stadium and Mesa Riverview. Owner/Agent.
Drive by only - Do not disturb tentats.

Last Agent to Sell the Property

Nathan Wadsworth

LRA Real Estate Group, LLC License #SA644689000 Listed on: 10/31/2017

Last Buyer's Agent

Michael and Mari Martinez

eXp Realty License #BR039035000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $988

Year Built

  • Built in 1960

Lot Details

  • 8,581

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 135-31-157

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are IRR
  • East Garden Grove Subdivision

Building Details

  • Operating Expense $5,408
  • Gross Income $20,493
  • Net Operating Income $15,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$988

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Alma School and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2017
  • Directions: From Alma School go West On University. North on Standage. Property is on Corner of Standage and Garden Cir.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: EAST GARDEN GROVE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1920.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 135-31-157

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 20493.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 15280.0
  • Annual Operating Expense: 5408.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 988.0
  • Tax Book Number: 135.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2021
Sold by
Madrigal Jose Rodrigo Dorador
Bought by
Dorador Rodrigo and Posadas Arturo
Current Estimated Value
$454,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$209,007
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$262,502

Purchase Details

Listed on
Oct 31, 2017
Closed on
Dec 28, 2017
Sold by
Carpe Deal Llc
Bought by
Madrigal Jose Rodrigo Dorador
Seller's Agent
Nathan Wadsworth
LRA Real Estate Group, LLC
Buyer's Agent
Michael and Mari Martinez
eXp Realty
List Price
$260,000
Sold Price
$253,000
Premium/Discount to List
-$7,000
-2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$231,684
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 9, 2013
Sold by
Chaon Debra K and Nakata Debra K
Bought by
Carpe Deal Llc
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
Dorador Rodrigo -- Great American Title
Madrigal Jose Rodrigo Dorador $253,000 Empire West Title Agency Llc
Carpe Deal Llc $118,000 Great American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorador Rodrigo $230,000
Previous Owner Madrigal Jose Rodrigo Dorador $231,684
Previous Owner Carpe Deal Llc $201,530
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2017 12/22/17 Sold $253,000 -2.7% $168 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
10/31/2017 10/31/17 For Sale $260,000 -- $173 / 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 $1,152 $11,734 -- --
2024 $1,161 $11,175 -- --
2023 $1,161 $35,930 $7,180 $28,750
2022 $1,137 $28,030 $5,600 $22,430
2021 $1,151 $23,330 $4,660 $18,670
2020 $1,136 $20,960 $4,190 $16,770
2019 $1,061 $17,860 $3,570 $14,290
2018 $1,019 $14,430 $2,880 $11,550
2017 $988 $13,100 $2,620 $10,480
2016 $970 $12,280 $2,450 $9,830
2015 $912 $10,810 $2,160 $8,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5688166

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-31-157