NOT LISTED FOR SALE

Estimated Value: $666,978 - $831,000

-- Bed
2 Baths
925 Sq Ft
$827/Sq Ft Est. Value

Last Sold July 02, 2013

Last sale price $283,000 $306 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $4,395/month

47 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heating Available
  • Macarthur Elementary School Rated A-
  • Ceramic Tile Flooring

About This Home

As of July 2013

DO NOT DISTURB TENANTS. DRIVE BY ONLY. This is one of the only True ''B'' Class 4plexes on the market & it has been maintained very well. All units are TH style with 2 bedrooms & 1.5 bathrooms. The Tenants pay all of their utilities including water/sewer/trash. Compare this to the average 4plex in Mesa that is not individually metered for W/S/T & rents for $680/mo($50/unit savings per unit for W/S/T). Newer A/C units, roof, exterior/interior paint, copper wire and plumbing, sun screens, extra insulation in the attic. 100% occupied with an average rent of $630/month. All units have private storage & washer/dryer hookups. No HOA. Serious inquiries only. Buyer to verify all facts & figures to their satisfaction.

Last Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 05/02/2013

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $935

Year Built

  • Built in 1986

Lot Details

  • 7,318

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 4
  • Assessor Parcel Number 136-07-357

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • North Gate Gardens Unit 2 Lot 1 11 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Gross Income $27,821
  • Net Operating Income $20,989

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$935

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: McKellips/Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2012
  • Directions: east to lazona, north to knoll, east to property
  • Road Surface Type: Asphalt
  • Subdivision Name: North Gate Gardens Unit 2 Lot 1-11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 332.23

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 136-07-357

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 116.24
  • Annual Gross Income: 27820.8
  • Insurance Expense: 868.0
  • Maintenance Expense: 1475.44
  • Property Net Operating Income: 20989.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 935.0
  • Tax Book Number: 136.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2022
Sold by
Jag Brothers Llc
Bought by
Vancole Julian
Total Days on Market
47
Current Estimated Value
$764,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$525,371
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$239,624

Purchase Details

Listed on
May 2, 2013
Closed on
Jun 27, 2013
Sold by
Garrone John and Garrone Joyce
Bought by
Jag Brothers Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jan Long
West USA Realty
List Price
$295,000
Sold Price
$283,000
Premium/Discount to List
-$12,000
-4.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%

Purchase Details

Listed on
May 2, 2013
Closed on
Jun 25, 2013
Sold by
Garrone Donna
Bought by
Garrone Joseph
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jan Long
West USA Realty
List Price
$295,000
Sold Price
$283,000
Premium/Discount to List
-$12,000
-4.07%

Purchase Details

Closed on
Feb 22, 2010
Sold by
Esmaili Anette
Bought by
Stevanovic Goran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2009
Sold by
Desert Bloom Llc
Bought by
Desert Bloom Llc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Esmaili Anette
Bought by
Desert Bloom Llc

Purchase Details

Closed on
Mar 27, 2006
Sold by
Lk Desert Properties Llc
Bought by
Esmaili Anette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 22, 2006
Sold by
Chamas Jouni
Bought by
Esmaili Anette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 13, 2004
Sold by
Ellsworth Kurt and Ellsworth Cynthia
Bought by
Teixeira Kent and Teixeira Carla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2001
Sold by
Lamb Holdings Llc
Bought by
Riggs Craig W and Riggs Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
7.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2000
Sold by
Lamb Michael D and Lamb Lorie L
Bought by
Lamb Holdings Llc

Purchase Details

Closed on
Mar 17, 1999
Sold by
Roberts Dennis L
Bought by
Lamb Michael D and Lamb Lorie L

Range of Values:

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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
Vancole Julian $625,000 Driggs Title Agency
Vancole Julian $625,000 Driggs Title Agency
Jag Brothers Llc -- Lawyers Title Of Arizona Inc
Garrone John $283,000 Lawyers Title Of Arizona Inc
Garrone Joseph -- Lawyers Title Of Arizona Inc
Stevanovic Goran $175,000 Chicago Title
Esmaili Anette -- Chicago Title
Desert Bloom Llc -- None Available
Desert Bloom Llc $430,000 None Available
Esmaili Anette $430,000 Ticor Title Agency Of Az Inc
Esmaili Anette -- Ticor Title Agency Of Az Inc
Teixeira Kent $330,000 Transnation Title
Riggs Craig W $246,000 First American Title
Lamb Holdings Llc $230,000 --
Lamb Michael D $170,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vancole Julian $562,500
Closed Vancole Julian $562,500
Previous Owner Stevanovic Goran $154,000
Previous Owner Stevanovic Goran $131,250
Previous Owner Esmaili Anette $344,000
Previous Owner Esmaili Anette $344,000
Previous Owner Teixeira Kent $247,500
Previous Owner Riggs Craig W $196,800
Closed Riggs Craig W $24,600
Closed Teixeira Kent $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2013 07/02/13 Sold $283,000 -4.1% $306 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $295,000 -- $319 / 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 $1,846 $18,811 -- --
2024 $1,862 $17,915 -- --
2023 $1,862 $62,220 $12,440 $49,780
2022 $1,823 $46,560 $9,310 $37,250
2021 $1,845 $40,520 $8,100 $32,420
2020 $1,821 $36,310 $7,260 $29,050
2019 $1,702 $31,070 $6,210 $24,860
2018 $1,633 $27,800 $5,560 $22,240
2017 $1,584 $24,530 $4,900 $19,630
2016 $1,555 $22,170 $4,430 $17,740
2015 $1,462 $20,950 $4,190 $16,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4930001

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-07-357