NOT LISTED FOR SALE

149 N Phyllis Unit 205 Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $560,000 - $732,000

-- Bed
1 Bath
650 Sq Ft
$989/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $500,000 $769 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,664/month

14 Days on Market

Highlights

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

About This Home

As of March 2021

Welcome to La Mesita Triplex. This fully leased Triplex in Mesa, is situated two blocks north of the Main Street/Apache development corridor. The property is within close proximity to the 101 freeway and Tempe and is also within walking distance to the light rail. This 1983 constructed building has been well maintained and sits on a prime corner lot with great curb appeal. All three units feature 2 beds, 1 bath, full size W/D hookups, updated kitchens/baths, and tile/laminate flooring. The two lower units each have private back yards, while the upper unit has a large private balcony. CapEx includes an A/C unit installed in 2019, and another installed in 2016. [more...] Cap Rate on current rent estimated at 4.93%, with rents of $950, $925, and $925. ProForma Cap Rate estimated at 6.19%, based on market rents of $1100 per unit. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Last Listed By

Joshua Willets

Grace CRE License #BR675965000 Listed on: 02/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $967

Year Built

  • Built in 1983

Lot Details

  • 5,184

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Powell Junior High School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 46
  • Assessor Parcel Number 135-45-049-C

Community Details

Overview

  • 3 Units
  • Building Dimensions are 5175
  • La Mesita Subdivision

Building Details

  • Operating Expense $9,755
  • Gross Income $37,620
  • Net Operating Income $27,865

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$967

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Dobson and Main Street
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: From Dobson & Main Street, head west on Main St for 0.5 miles, then turn north onto Phyllis St. Head northeast for about 0.3 miles. Building is on your right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2688.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Subdivision Name: LA MESITA
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1200.0

Schools

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

Lot Info

  • Lot Size: 5175
  • Additional Parcels: No
  • Parcel #: 135-45-049-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 37620.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 27865.0
  • Annual Operating Expense: 9755.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 967.0
  • Tax Book Number: 135.00
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2021
Closed on
Apr 22, 2021
Sold by
Centino Lloyd and Centino Anna Golda
Bought by
La Mesita Property Llc
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
Tamra Yelavich
West USA Realty
List Price
$489,900
Sold Price
$500,000
Premium/Discount to List
$10,100
2.06%
Total Days on Market
14
Current Estimated Value
$643,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,056
Avg. Annual Appreciation
6.35%
Original Mortgage
$356,250
Outstanding Balance
$323,823
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$319,233

Purchase Details

Listed on
Feb 18, 2021
Closed on
Mar 20, 2021
Sold by
Shaklee Randy Joe
Bought by
Centino Lloyd and Centino Anna Golda
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
Tamra Yelavich
West USA Realty
List Price
$489,900
Sold Price
$500,000
Premium/Discount to List
$10,100
2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Outstanding Balance
$323,823
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$319,233

Purchase Details

Listed on
Jun 19, 2019
Closed on
Jul 25, 2019
Sold by
Brantley Eric
Bought by
Shaklee Randy Joe
Seller's Agent
Ryan Swan
HomeSmart
Buyer's Agent
Christopher Keator
My Home Group Real Estate
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.47%
Original Mortgage
$323,924
Interest Rate
3.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2018
Sold by
K Dwellings Llc
Bought by
Brantley Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,904
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 24, 2013
Sold by
Johnson Becky Hatch
Bought by
Johnson Kenneth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2013
Sold by
Kuebler John S
Bought by
Johnson Kenneth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2012
Sold by
Kuebler Kelly Marie
Bought by
Kuebler John Shane

Purchase Details

Closed on
Mar 23, 2012
Sold by
Savoldt Eric S
Bought by
Brad Young Pllc

Purchase Details

Closed on
Dec 29, 2006
Sold by
Savoldi Kim
Bought by
Savoldi Eric S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
8.52%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 28, 2006
Sold by
Fitterer Jesse S and Fitterer Debra
Bought by
Savoldi Eric S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
8.52%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 8, 2006
Sold by
Khoury Suheil and Toubassy Rima
Bought by
Fitterer Jesse S and Fitterer Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,400
Interest Rate
9.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2004
Sold by
Pettingill Rex
Bought by
Khoury Suheil and Toubassy Rima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,650
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2004
Sold by
Angulo Ramon and Angulo Josefina
Bought by
Pettingill Rex

Purchase Details

Closed on
Sep 25, 2000
Sold by
Riffey James and Riffey Elaine
Bought by
Riffey Randon and Riffey Sheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,700
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 6, 1995
Sold by
Oliver Mildred M and The Mildred M Oliver Trust
Bought by
Riffey Randon and Riffey Sheri

Purchase Details

Closed on
Mar 9, 1994
Sold by
Oliver Mildred M
Bought by
Oliver Mildred M and The Mildred M Oliver Trust

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
La Mesita Property Llc -- None Available
Centino Lloyd $500,000 Old Republic Title Agency
Shaklee Randy Joe $329,900 Empire West Title Agency Llc
Brantley Eric $295,000 Empire West Title Agency
Johnson Kenneth E -- Equity Title Agency Inc
Johnson Kenneth E $137,000 Equity Title Agency Inc
Kuebler John Shane -- Accommodation
Kuebler John Shane -- Accommodation
Brad Young Pllc $100,000 Chicago Title
Savoldi Eric S -- Security Title Agency
Savoldi Eric S $265,000 Security Title Agency Inc
Fitterer Jesse S $268,000 Security Title Agency Inc
Khoury Suheil $207,600 Capital Title Agency Inc
Pettingill Rex $165,000 Capital Title Agency Inc
Riffey Randon -- Equity Title Agency
Riffey Randon $88,616 Security Title Agency
Oliver Mildred M -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Centino Lloyd $356,250
Previous Owner Shaklee Randy Joe $323,924
Previous Owner Brantley Eric $285,904
Previous Owner Johnson Kenneth E $102,750
Previous Owner Savoldi Eric S $265,000
Previous Owner Fitterer Jesse S $214,400
Previous Owner Khoury Suheil $168,000
Previous Owner Khoury Suheil $167,650
Previous Owner Angulo Ramon $110,700
Closed Khoury Suheil $20,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $500,000 +2.1% $769 / Sq Ft
03/01/2021 03/01/21 For Sale $489,900 0.0% $754 / Sq Ft
03/01/2021 03/01/21 Price Changed $489,900 -2.0% $754 / Sq Ft
03/01/2021 03/01/21 Off Market $500,000 -- --
02/16/2021 02/16/21 For Sale $450,000 +36.4% $692 / Sq Ft
08/02/2019 08/02/19 Sold $329,900 0.0% $508 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $329,900 0.0% $508 / Sq Ft
12/14/2012 12/14/12 Rented $625 -3.8% --
12/14/2012 12/14/12 Under Contract -- -- --
12/10/2012 12/10/12 For Rent $650 -- --
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 $981 $9,990 -- --
2024 $989 $9,515 -- --
2023 $989 $36,350 $7,270 $29,080
2022 $968 $23,970 $4,790 $19,180
2021 $980 $19,630 $3,920 $15,710
2020 $967 $18,010 $3,600 $14,410
2019 $904 $15,610 $3,120 $12,490
2018 $867 $12,780 $2,550 $10,230
2017 $841 $11,720 $2,340 $9,380
2016 $826 $10,930 $2,180 $8,750
2015 $776 $9,260 $1,850 $7,410
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6196040

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-45-049C