Seller's Agent in 2025
Amanda Lynch
West USA Realty
(480) 319-5232
1 in this area
11 Total Sales
161 E 2nd Ave Mesa, AZ 85210
Downtown Mesa Neighborhood
--
Bed
--
Bath
2,602
Sq Ft
1958
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of October 2025This well-maintained 4-unit property offers an excellent income-producing opportunity in a desirable location. The building received a new roof and fresh exterior paint in 2020, adding long-term value and curb appeal. Unit 2 was upgraded with a brand-new AC system in 2025, and Unit 3 features a partial kitchen and bathroom renovation. All units are currently tenant-occupied, providing immediate rental income. Additional conveniences include two sets of newer front-loading washer and dryer units. Each apartment is thoughtfully designed for comfort and functionality.
Last Agent to Sell the Property
West USA Realty License #SA637196000 Listed on: 09/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,520
Year Built
- Built in 1958
Home Design
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Concrete
- Ceramic Tile
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Over 1 Space Per Unit
Schools
- Lowell Elementary School
- Kino Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer
- Tax Lot 6
- Assessor Parcel Number 138-48-021
Community Details
Overview
- 4 Units
- Building Dimensions are 12000
- Mesa Arizona Subdivision
Building Details
- Operating Expense $8,727
- Gross Income $44,034
- Net Operating Income $37,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2025
Closed on
Oct 10, 2025
Sold by
Arv Properties Llc
Bought by
Paluscio Michael and Paluscio Danielle
Seller's Agent
Amanda Lynch
West USA Realty
Buyer's Agent
Domenic Paluscio
eXp Realty
List Price
$649,000
Sold Price
$624,575
Premium/Discount to List
-$24,425
-3.76%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8876.16%
Original Mortgage
$424,600
Outstanding Balance
$424,600
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$323,067
Purchase Details
Closed on
Mar 8, 2016
Sold by
Branch Derrell C and Branch Maya J
Bought by
Arv Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 11, 2016
Sold by
Ricks Jerry D and Ricks Margarita V
Bought by
Branch Derrell C and Branch Maya J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 19, 2007
Sold by
Ricks Jerry D and Ricks Margarita V
Bought by
Ricks Jerry D and Ricks Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.31%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 1, 2006
Sold by
Ricks Jerry D and Ricks Margarita V
Bought by
Ricks Jerry D and Ricks Margarita
Purchase Details
Closed on
Sep 16, 2003
Sold by
Glasheen Bob and Glasheen Michelle
Bought by
Ricks Jerry D and Ricks Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 26, 2003
Sold by
Napier Numida Marie
Bought by
Glasheen Bob and Glasheen Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 8, 1999
Sold by
Wochner David K
Bought by
Napier Numida Marie
Purchase Details
Closed on
Jan 24, 1997
Sold by
Diette Jeffrey A
Bought by
Wochner David K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 16, 1995
Sold by
Haffa Henry W
Bought by
Diette Jeffrey A
Purchase Details
Closed on
Aug 27, 1973
Sold by
Reid Bruce K and Reid Joy L
Bought by
Camblin Roy W and Camblin Mary E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $630,000 | First American Title Insurance | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $190,000 | Equity Title Agency Inc | |
| Interfamily Deed Transfer | -- | Ticor Title Agency Of Az Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $196,000 | Fidelity National Title | |
| Warranty Deed | $155,000 | Lawyers Title Of Arizona Inc | |
| Warranty Deed | $140,000 | Chicago Title Insurance Co | |
| Warranty Deed | $101,945 | First American Title | |
| Warranty Deed | $100,000 | First American Title | |
| Joint Tenancy Deed | -- | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $424,600 | New Conventional | |
| Previous Owner | $142,500 | New Conventional | |
| Previous Owner | $170,000 | New Conventional | |
| Previous Owner | $156,800 | Purchase Money Mortgage | |
| Previous Owner | $124,000 | Purchase Money Mortgage | |
| Previous Owner | $10,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/17/2025 10/17/25 | Sold | $624,575 | -3.8% | $240 / Sq Ft |
| 10/15/2025 10/15/25 | Price Changed | $649,000 | 0.0% | $249 / Sq Ft |
| 10/15/2025 10/15/25 | For Sale | $649,000 | 0.0% | $249 / Sq Ft |
| 09/11/2025 09/11/25 | For Sale | $649,000 | -- | $249 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,528 | $15,484 | -- | -- |
| 2024 | $1,532 | $14,747 | -- | -- |
| 2023 | $1,532 | $46,450 | $9,290 | $37,160 |
| 2022 | $1,501 | $31,560 | $6,310 | $25,250 |
| 2021 | $1,519 | $25,950 | $5,190 | $20,760 |
| 2020 | $1,499 | $23,380 | $4,670 | $18,710 |
| 2019 | $1,401 | $19,920 | $3,980 | $15,940 |
| 2018 | $1,344 | $18,670 | $3,730 | $14,940 |
| 2017 | $1,304 | $17,530 | $3,500 | $14,030 |
| 2016 | $1,280 | $15,830 | $3,160 | $12,670 |
| 2015 | $1,203 | $15,070 | $3,010 | $12,060 |
Source: Public Records
Agents Affiliated with this Home
-
Amanda Lynch
-
Cynthia Urtuzuastegui
C
Seller Co-Listing Agent in 2025
Cynthia Urtuzuastegui
West USA Realty
(602) 942-4200
1 in this area
12 Total Sales
-
Domenic Paluscio
Buyer's Agent in 2025
Domenic Paluscio
eXp Realty
(602) 695-9662
1 in this area
1 Total Sale
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6918265
APN: 138-48-021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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