NOT LISTED FOR SALE

1615 E Crown Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $753,000 - $916,000

-- Bed
-- Bath
3,822 Sq Ft
$219/Sq Ft Est. Value

Last Sold September 28, 2012

Last sale price $165,000 $43 Per Sq Ft

Est. 408% increase in value since last sale

Current estimated payment $4,574/month

17 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2012

OUTSTANDING Opportunity! EAST VALLEY 4plex situated on a large lot. Four 2 bedroom/1 bath units, spacious 950 SQFT per unit w/ Large bedrooms/baths/kitchen. Block Construction! Units are individually metered. Each Unit has Interior laundry hook-up, storage closet, and covered parking spot. All units have been renovated in the past year with at least new paint, carpet and tile. No HOA. See private remarks. Do not Disturb Tenants.

Last Agent to Sell the Property

Ismar Vallecillos

Premier Real Estate Opportunities License #SA554040000 Listed on: 07/17/2012

Last Buyer's Agent

Arthur Hall

Amaryllis Realty, LLC License #BR535050000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,552

Year Built

  • Built in 1963

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 137-37-006

Community Details

Overview

  • 4 Units
  • Building Dimensions are .21 acres
  • Ko Ko Palms Subdivision

Building Details

  • Gross Income $23,436
  • Net Operating Income $21,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,552

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: University & Gilbert
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2011
  • Directions: West to Hill, North to Crown, West to Property!
  • Road Surface Type: Asphalt
  • Subdivision Name: Ko Ko Palms
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 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

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 3180.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: .21 acres
  • Additional Parcels: No
  • Parcel #: 137-37-006

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 23436.0
  • Insurance Expense: 838.0
  • Property Net Operating Income: 21772.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1552.0
  • Tax Book Number: 137.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2020
Sold by
Tw2 Properties Llc
Bought by
C & D Reserve Llc
Current Estimated Value
$838,667

Purchase Details

Closed on
Jun 7, 2018
Sold by
425 N Hill Llc
Bought by
Tw2 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
$2,240,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2013
Sold by
Carmichael Lonny D
Bought by
425 N Hill Llc

Purchase Details

Listed on
Jul 17, 2012
Closed on
Sep 28, 2012
Sold by
Carmichael Meredith
Bought by
Carmichael Lonny D
Seller's Agent
Ismar Vallecillos
Premier Real Estate Opportunities
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$169,900
Sold Price
$165,000
Premium/Discount to List
-$4,900
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$115,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2011
Sold by
Ellsworth Joshua J
Bought by
4 Crown Enterprises Llc

Purchase Details

Closed on
Aug 24, 2010
Sold by
Ellsworth Kari
Bought by
Ellsworth Joshua J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,750
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2008
Sold by
Lasalle Bank Na
Bought by
B & C Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,337
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W and Fletcher Jane Ellen
Bought by
Lasalle Bank Na and Morgan Stanley Mortgage 2006-6Ar

Purchase Details

Closed on
Aug 16, 2006
Sold by
Fletcher Jane Ellen and Fletcher Richard W
Bought by
Johnson Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,605
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2005
Sold by
Rapapaport Richard A and Rapparort Helen S
Bought by
Jkm Trading Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 28, 2005
Sold by
Jkm Trading Corp
Bought by
Fletcher Richard W and Fletcher Jane Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.31%
Mortgage Type
Unknown
Source: Public Records

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
C & D Reserve Llc -- None Available
Tw2 Properties Llc $1,475,000 Security Title Agency Inc
425 N Hill Llc -- None Available
Carmichael Lonny D -- Dhi Title Agency
Carmichael Lonny D $165,000 Dhi Title Agency
4 Crown Enterprises Llc -- None Available
Ellsworth Joshua J -- Lawyers Title Of Arizona Inc
Ellsworth Joshua J $113,000 Lawyers Title Of Arizona Inc
B & C Development Llc $215,500 Great American Title Agency
Lasalle Bank Na $317,134 None Available
Johnson Erik $403,605 Tsa Title Agency
Jkm Trading Corp $390,000 Capital Title Agency Inc
Fletcher Richard W $425,000 Capital Title Agency Inc
Fletcher Richard W $425,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carmichael Lonny D $115,500
Previous Owner Ellsworth Joshua J $84,750
Previous Owner B & C Development Llc $223,337
Previous Owner Johnson Erik $403,605
Previous Owner Fletcher Richard W $297,500
Closed Fletcher Richard W $106,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $165,000 -2.9% $43 / Sq Ft
08/03/2012 08/03/12 Pending -- -- --
07/17/2012 07/17/12 For Sale $169,900 -- $44 / 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 $1,738 $17,704 -- --
2024 $1,752 $16,861 -- --
2023 $1,752 $57,770 $11,550 $46,220
2022 $1,716 $43,470 $8,690 $34,780
2021 $1,737 $34,970 $6,990 $27,980
2020 $1,714 $31,030 $6,200 $24,830
2019 $1,601 $21,000 $4,200 $16,800
2018 $1,537 $18,360 $3,670 $14,690
2017 $1,491 $17,050 $3,410 $13,640
2016 $1,464 $16,100 $3,220 $12,880
2015 $1,376 $17,320 $3,460 $13,860
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2012

    Ismar Vallecillos

    Premier Real Estate Opportunities

    Section Image

  • A

    Buyer's Agent in 2012

    Arthur Hall

    Amaryllis Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4790889

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-006

Arizona Maricopa County Mesa 85203 Mesa Patios

1615 E Crown, Mesa, AZ

This home is located at 1615 E Crown, Mesa, AZ 85203 since 17 July 2012 and is currently estimated at $838,667, approximately $219 per square foot. This property was built in 1963. 1615 E Crown is a home located in Maricopa County with nearby schools including Michael T. Hughes Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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