$295,000
SOLD JUN 15, 2018
-- Bed
-- Bath
1,980 Sq Ft
6,752 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

24 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2018

Great Investment property, right off the light rail, in recently revitalized down town mesa. Increased demand in this area allows rent rates to be increased to over $800 per unit! Both downstairs units enjoy private backyards, washer and dryer, AND basement. Upstairs unit has large private balcony and ample storage. New AC installed in 2016. Very clean and easy to rent. Please do NOT disturb tenants. Drive by only. Once under contract access will be arranged for inspection.

Last Agent to Sell the Property

Angela Johnson

Bullseye Property Management, LLC License #SA646383000 Listed on: 04/27/2018

Last Buyer's Agent

Ryan Swan

HomeSmart License #SA661174000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $834

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • 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
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, 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 $5,258
  • Gross Income $28,968
  • Net Operating Income $23,530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$834

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Dobson and Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2017
  • Directions: West on Main past Dobson then go north on Phyllis
  • Road Surface Type: Asphalt
  • Subdivision Name: LA MESITA
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • 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: Electric, Individual
  • Heating: Individual, Electric
  • 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

  • Annual Water Sewer Expense: 2725.0

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, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Electric Expense: 378.0
  • Annual Gross Income: 28968.0
  • Insurance Expense: 850.0
  • Property Net Operating Income: 23530.0
  • Annual Operating Expense: 5258.0

Tax Info

  • Tax Annual Amount: 834.0
  • Tax Book Number: 135.00
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2019
Sold by
Johnson Becky H
Bought by
Hampton Anthony
Current Estimated Value
$733,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Outstanding Balance
$275,083
Interest Rate
5.62%
Mortgage Type
New Conventional
Estimated Equity
$454,185

Purchase Details

Closed on
Jan 29, 2014
Sold by
Jackson Bruce
Bought by
Johnson Becky H

Purchase Details

Closed on
Dec 15, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Jackson Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2011
Sold by
Jackson Carol J
Bought by
Jackson Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2010
Sold by
James B Nutter & Company
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Mar 4, 2004
Sold by
Pettingill Melendia B
Bought by
Pettingill Rex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 20, 2002
Sold by
Mccullough Sarah
Bought by
Mccullough Robert James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,049
Interest Rate
6.24%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 5, 2002
Sold by
Suarez Horacio and Alvarado Genoveva
Bought by
Garcia Liliana

Purchase Details

Closed on
Jul 24, 2001
Sold by
Long Gerald O and Long Jason W
Bought by
Mccullough Robert James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,141
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 1996
Sold by
Hud
Bought by
Long Jason W and Long Gerald O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,450
Interest Rate
7.41%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 1995
Sold by
Kislak National Bank
Bought by
Hud

Purchase Details

Closed on
Mar 16, 1995
Sold by
Maricopa County
Bought by
Kislak National Bank
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 $405,000 Empire West Title Agency Llc
Warranty Deed $178,000 Empire West Title Agency
Special Warranty Deed -- Grand Canyon Title Agency
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Warranty Deed -- Servicelink
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Quit Claim Deed -- --
Warranty Deed $185,000 Capital Title Agency
Joint Tenancy Deed -- First Southwestern Title
Warranty Deed -- Grand Canyon Title
Sheriffs Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $303,750 New Conventional
Previous Owner $76,500 Unknown
Previous Owner $50,000 Purchase Money Mortgage
Previous Owner $40,200 Stand Alone Second
Previous Owner $23,000 Stand Alone Second
Previous Owner $148,500 Unknown
Previous Owner $180,008 FHA
Previous Owner $181,049 FHA
Previous Owner $182,141 FHA
Previous Owner $125,450 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $295,000 0.0% $149 / Sq Ft
04/27/2018 04/27/18 For Sale $295,000 +83.7% $149 / Sq Ft
10/02/2013 10/02/13 Sold $160,600 +17.2% $81 / Sq Ft
04/23/2013 04/23/13 Sold $137,000 -11.6% $69 / Sq Ft
03/20/2013 03/20/13 Pending -- -- --
02/27/2013 02/27/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $155,000 +10.7% $78 / Sq Ft
10/26/2012 10/26/12 For Sale $140,000 -- $71 / 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 $1,583 $16,124 -- --
2024 $1,596 $15,356 -- --
2023 $1,596 $60,000 $12,000 $48,000
2022 $1,563 $39,080 $7,810 $31,270
2021 $1,582 $30,720 $6,140 $24,580
2020 $1,561 $27,580 $5,510 $22,070
2019 $1,459 $24,000 $4,800 $19,200
2018 $1,400 $19,720 $3,940 $15,780
2017 $1,358 $18,450 $3,690 $14,760
2016 $1,333 $17,480 $3,490 $13,990
2015 $1,253 $15,230 $3,040 $12,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5767086

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-45-049B