NOT LISTED FOR SALE

Estimated Value: $565,535 - $846,000

-- Bed
-- Bath
2,880 Sq Ft
$231/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $590,000 $205 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,834/month

97 Days on Market

Highlights

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

About This Home

As of July 2022

4 Plex- each unit is 2 bedrooms/1 bathroom, amazing location by light rail, and close to downtown Mesa. New roof just installed 4/3/22. Tenants are all month to month. Might be able to build additional units on the lot, check with city of Mesa planning and zoning during due diligence.

Last Listed By

Cheryl Riley

American Allstar Realty License #BR655878000 Listed on: 03/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,480

Year Built

  • Built in 1983

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Paved Parking

Schools

  • Webster Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 135-45-122

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11142
  • La Mesita Subdivision

Building Details

  • Operating Expense $1,480
  • Gross Income $29,640
  • Net Operating Income $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,480

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Dobson & Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2021
  • Directions: Head west on Main to Phyllis, head north, complex will be on right.
  • Road Surface Type: Asphalt
  • Subdivision Name: LA MESITA
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, None
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Webster Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 11142
  • Additional Parcels: No
  • Parcel #: 135-45-122

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 4
  • Annual Gross Income: 29640.0
  • Property Net Operating Income: 25000.0
  • Annual Operating Expense: 1480.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1480.0
  • Tax Book Number: 135.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
Jun 29, 2022
Sold by
Carpe Diem Properties Llc
Bought by
Haas Gregory Brough and Biswas Paroma
Seller's Agent
Cheryl Riley
American Allstar Realty
Buyer's Agent
Matthew Khalil
Kenneth James Realty
List Price
$650,000
Sold Price
$590,000
Premium/Discount to List
-$60,000
-9.23%
Total Days on Market
97
Current Estimated Value
$666,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,134
Avg. Annual Appreciation
4.37%

Purchase Details

Closed on
Feb 25, 2010
Sold by
The Bank Of New York Mellon Trust
Bought by
Carpe Diem 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
$86,500
Interest Rate
4.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 6, 2009
Sold by
Sanchez Sergio Ruiz
Bought by
The Bank Of New York Mellon Trust Compan and The Bank Of New York Trust Company Na

Purchase Details

Closed on
Jun 13, 2002
Sold by
Jackson Carolyn M
Bought by
Sanchez Sergio Ruiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.86%

Purchase Details

Closed on
Nov 14, 1996
Sold by
Ward Barry K
Bought by
Jackson Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,250
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 1994
Sold by
Hud
Bought by
Ward Barry K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,264
Interest Rate
8.54%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 1994
Sold by
Standard Trust Deed Service Company
Bought by
Kislak National Bank

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
Haas Gregory Brough $590,000 New Title Company Name
Carpe Diem Properties Llc $86,500 Great American Title Agency
The Bank Of New York Mellon Trust Compan $140,250 Great American Title Agency
Sanchez Sergio Ruiz -- First American Title Ins Co
Jackson Carolyn M $125,000 Transnation Title Ins Co
Ward Barry K -- --
Kislak National Bank -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carpe Diem Properties Llc $86,500
Previous Owner Sanchez Sergio Ruiz $148,800
Previous Owner Jackson Carolyn M $81,250
Previous Owner Ward Barry K $89,264
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $590,000 -6.3% $205 / Sq Ft
06/12/2022 06/12/22 Pending -- -- --
05/21/2022 05/21/22 Price Changed $630,000 -3.1% $219 / Sq Ft
05/17/2022 05/17/22 For Sale $650,000 0.0% $226 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $650,000 0.0% $226 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $650,000 0.0% $226 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
03/27/2022 03/27/22 For Sale $650,000 0.0% $226 / Sq Ft
03/19/2022 03/19/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $650,000 0.0% $226 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $650,000 -- $226 / 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 $1,481 $15,089 -- --
2024 $1,493 $14,370 -- --
2023 $1,493 $55,260 $11,050 $44,210
2022 $1,462 $35,960 $7,190 $28,770
2021 $1,480 $28,950 $5,790 $23,160
2020 $1,461 $25,920 $5,180 $20,740
2019 $1,365 $21,880 $4,370 $17,510
2018 $1,310 $17,820 $3,560 $14,260
2017 $1,271 $16,630 $3,320 $13,310
2016 $1,247 $16,050 $3,210 $12,840
2015 $1,172 $13,700 $2,740 $10,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6365063

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-45-122