$595,000
SOLD JAN 29, 2021
-- Bed
-- Bath
3,632 Sq Ft
0.29 Acres

Recently Sold

$164 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Macarthur Elementary School Rated A-
  • Heating Available

About This Home

As of January 2021

Investors take note as this 4plex has features many other 2 bedroom Mesa 4plexes don't have: covered parking spots, private yards, 2nd bathroom, outside laundry/storage, and townhome style (no neighbors above or below), and all units individually metered for tenant to pay water and electric and no HOA dues. All these benefits already make this a more attractive building for renters and investors. Easily rents all the time! All units have full tile downstairs. Extra land on parcel available for extra parking- another thing tenants love.

Last Agent to Sell the Property

Ryan Brown

RMB Properties, LLC License #BR545800000 Listed on: 12/16/2020

Last Buyer's Agent

Ryan Brown

RMB Properties, LLC License #BR545800000 Listed on: 12/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • 5 Covered Spaces
  • Assigned Parking

Schools

  • Macarthur Elementary School
  • Stapley Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water
  • Tax Lot 7
  • Assessor Parcel Number 136-07-176

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12776sf
  • North Gate Gardens Unit 2 Subdivision

Building Details

  • Operating Expense $1,882
  • Gross Income $50,400
  • Net Operating Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,882

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Stapley/McKellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: East on McKellips, North (left) on Lazona, right into Knoll Cr.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: NORTH GATE GARDENS UNIT 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: MacArthur Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Stapley Junior High School

Lot Info

  • Lot Size: 12776sf
  • Additional Parcels: No
  • Parcel #: 136-07-176

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 50400.0
  • Property Net Operating Income: 50400.0
  • Annual Operating Expense: 1882.0

Tax Info

  • Tax Annual Amount: 1882.0
  • Tax Book Number: 136.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Rosen Craig
Bought by
Craig And Jamie Rosen Family Trust and Rosen
Current Estimated Value
$816,023

Purchase Details

Listed on
Dec 16, 2020
Closed on
Jan 25, 2021
Sold by
Rosen Krista
Bought by
Rosen Jay
Seller's Agent
Ryan Brown
RMB Properties, LLC
Buyer's Agent
Ryan Brown
RMB Properties, LLC
List Price
$595,000
Sold Price
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$446,250
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2012
Sold by
Nishnick J William
Bought by
Nishnick J William and The 2012 Nishnick Family Trust
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
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Empire West Title Agency Llc
Warranty Deed $595,000 Empire West Title Agency Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $446,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2021 03/27/21 Rented $1,200 +0.4% --
03/23/2021 03/23/21 Under Contract -- -- --
03/11/2021 03/11/21 For Rent $1,195 0.0% --
01/29/2021 01/29/21 Sold $595,000 0.0% $164 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $595,000 -- $164 / 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 $1,908 $19,434 -- --
2024 $1,923 $18,509 -- --
2023 $1,923 $65,730 $13,140 $52,590
2022 $1,883 $49,980 $9,990 $39,990
2021 $1,907 $43,830 $8,760 $35,070
2020 $1,882 $38,920 $7,780 $31,140
2019 $1,758 $32,800 $6,560 $26,240
2018 $1,687 $29,250 $5,850 $23,400
2017 $1,637 $25,420 $5,080 $20,340
2016 $1,606 $23,420 $4,680 $18,740
2015 $1,510 $21,800 $4,360 $17,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6171940

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-07-176