$225,000
SOLD MAR 30, 2012
-- Bed
-- Bath
3,632 Sq Ft
0.28 Acres

Recently Sold

$62 Per Sq Ft

2% Below List Price

70 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heat Pump System
  • Macarthur Elementary School Rated A-
  • Ceramic Tile Flooring

About This Home

As of November 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 at about 908SF. 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 $650/mo. All A/C units have been replaced in the last year, new carpet & tile in all units, two new water heaters, three new ranges, & the list goes on. 100% occupied with an average rent of $595/month. All units have private storage & washer/dryer hookups. No HOA. Serious inquiries only. Buyer to verify all facts & figures to their satisfaction.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000 Listed on: 01/05/2012

Co-Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,424

Year Built

  • Built in 1983

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
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 8
  • Assessor Parcel Number 136-07-177

Community Details

Overview

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

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $5,096
  • Gross Income $25,704
  • Net Operating Income $20,608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,424

Year Built

Built in 1983

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: 1983
  • Tax Year: 2011
  • Directions: East to Lazona, North on Lazona to Knoll Cir, East to property. 4th building on right side (has red trim).
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rmxi02
  • Co List Office Phone: 623-362-3000
  • Subdivision Name: North Gate Gardens Unit 2 Lot 1-11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • 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

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric
  • 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 #: 136-07-177

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: 25704.0
  • Insurance Expense: 868.0
  • Maintenance Expense: 1475.44
  • Property Net Operating Income: 20608.0
  • Annual Operating Expense: 5095.91
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1424.0
  • Tax Book Number: 136.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2018
Sold by
Mcstokes Knoll Llc
Bought by
Stokes Loyd J and Stokes Mary C
Current Estimated Value
$832,737

Purchase Details

Closed on
May 19, 2017
Sold by
Stokes Loyd J and Stokes Mary C
Bought by
Mcstokes Knoll Llc

Purchase Details

Listed on
Jul 11, 2013
Closed on
Nov 13, 2013
Sold by
Acq 1439 Llc
Bought by
Stokes Loyd J and Stokes Mary C
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Bruce Duckett
Duckett Management & Real Estate
List Price
$319,000
Sold Price
$301,000
Premium/Discount to List
-$18,000
-5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$179,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2013
Closed on
Nov 11, 2013
Sold by
Stokes Loyd J and Stokes Mary C
Bought by
Stokes Loyd J and Stokes Mary C
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Bruce Duckett
Duckett Management & Real Estate
List Price
$319,000
Sold Price
$301,000
Premium/Discount to List
-$18,000
-5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2012
Closed on
Mar 27, 2012
Sold by
Stevanovic Goran
Bought by
Rhan Muhammad S
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,900
Sold Price
$225,000
Premium/Discount to List
-$4,900
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.55%

Purchase Details

Closed on
Feb 8, 2010
Sold by
Miyamoto Kazuitaka
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
$118,125
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2006
Sold by
Miyamoto Kazutaka
Bought by
Miyamoto Kazutaka and Bamba Mayumi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,750
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 8, 2005
Sold by
Johnson Ward and Miriello Barbara A
Bought by
Miyamoto Kazutaka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,750
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 3, 2005
Sold by
Bamba Mayumi
Bought by
Miyamoto Kazutaka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,750
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2004
Sold by
Riggs Vicki
Bought by
Ellsworth Kurt and Ellsworth Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2004
Sold by
Miriello Barbara A
Bought by
Johnson Ward and Miriello Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2003
Sold by
Mcgee Michael and Mcgee Jamie
Bought by
Miriello Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2003
Sold by
Johnson Ward
Bought by
Miriello Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2003
Sold by
Schafer Bernard R
Bought by
Mcgee Michael and Mcgee Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.78%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $301,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- Accommodation
Cash Sale Deed $225,000 Lawyers Title Of Arizona Inc
Warranty Deed $157,500 Chicago Title
Interfamily Deed Transfer -- --
Warranty Deed $415,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $285,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $243,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $179,000 New Conventional
Previous Owner $118,125 New Conventional
Previous Owner $269,750 Unknown
Previous Owner $103,750 Credit Line Revolving
Previous Owner $269,750 Purchase Money Mortgage
Previous Owner $210,000 New Conventional
Previous Owner $228,000 Purchase Money Mortgage
Previous Owner $0 Unknown
Previous Owner $194,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2013 11/15/13 Sold $301,000 -5.6% $83 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $319,000 +41.8% $88 / Sq Ft
03/30/2012 03/30/12 Sold $225,000 -2.1% $62 / Sq Ft
03/15/2012 03/15/12 Pending -- -- --
01/05/2012 01/05/12 For Sale $229,900 -- $63 / 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 $1,905 $19,409 -- --
2024 $1,921 $18,485 -- --
2023 $1,921 $65,410 $13,080 $52,330
2022 $1,881 $49,750 $9,950 $39,800
2021 $1,904 $43,570 $8,710 $34,860
2020 $1,879 $38,680 $7,730 $30,950
2019 $1,756 $32,660 $6,530 $26,130
2018 $1,685 $29,130 $5,820 $23,310
2017 $1,635 $25,330 $5,060 $20,270
2016 $1,604 $23,310 $4,660 $18,650
2015 $1,508 $21,720 $4,340 $17,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4697634

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-07-177