NOT LISTED FOR SALE

Estimated Value: $753,000 - $967,000

8 Beds
4 Baths
950 Sq Ft
$896/Sq Ft Est. Value

Last Sold April 05, 2012

Last sale price $144,000 $152 Per Sq Ft

Est. 491% increase in value since last sale

Current estimated payment $4,678/month

18 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Painted or Stained Flooring

About This Home

As of April 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. All units updated in 2010 with new carpet, paint, tile. Block Construction! Units are individually metered. Each Unit has Interior laundry hook-up, storage closet, and covered parking spot. See private remarks. Do not Disturb Tenants. FULLY Occupied (as of 3-5-12)

Last Agent to Sell the Property

Francisco Vallecillos

Top Rock Realty License #SA523018000 Listed on: 02/20/2012

Last Buyer's Agent

Arthur Hall

Amaryllis Realty, LLC License #BR535050000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,729

Year Built

  • Built in 1963

Lot Details

  • 8,668

Home Design

  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile

Parking

  • Paved Parking
  • Additional Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,545 per year Dock Fee
  • 4 Units
  • Building Dimensions are 8677

Building Details

  • Insurance Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,729

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Tax Municipality: Mesa
  • Appliances Included: Disposal, F/S Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: Gilbert & University
  • Floors: Carpet, Ceramic Tile
  • Legal Info Lot Number: 10
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 1800
  • Legal Description Abbrev: Ko Ko Palms
  • Marketing Name: East Valley 4plex!
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 2.00
  • Map Code Grid: Q39
  • Year Built: 1963
  • Tax Year: 2011
  • Directions: West to Hill, North to Crown, West to Property!
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Amenities: Cable TV Available, Green Landscaping, Landscape Wtr System, Patio/Balcony, Separate Storage
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: Add'l Parking Avail, Carport, Paved Parking, Street Parking
  • Total Parking Spaces: 6.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Ceiling Fan(s), Heat Pump, Individual
  • Heating: Heat Pump, Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: 8677

Multi Family

  • Income And Expenses Adjusted Gross Inc: 22680.00
  • Income And Expenses Annual Ins Exp: 600.00
  • Income And Expenses Annual Landscape Exp: 360.00
  • Income And Expenses Annual Legal And Acctg: 250.00
  • Income And Expenses Annual Maint Exp: 1200.00
  • Income And Expenses Annual Water Sewer Exp: 2450.00
  • Income And Expenses Gross Annual Sch Inc: 25200.00
  • Income And Expenses Net Operating Income: 16275.00
  • Income And Expenses Operating Exp: 6405.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 550.00
  • Two Bedroom Units Avg Sq Ft: 950
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1545.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2018
Sold by
425 N Hill Llc
Bought by
Tw2 Properties Llc
Current Estimated Value
$851,000

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
Outstanding Balance
$1,965,397
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$1,214,397

Purchase Details

Listed on
Feb 20, 2012
Closed on
Apr 4, 2012
Sold by
Burdge Ryan L and Burdge Jill K
Bought by
Carmichael Lonny D
Seller's Agent
Francisco Vallecillos
Top Rock Realty
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$154,900
Sold Price
$144,000
Premium/Discount to List
-$10,900
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
Original Mortgage
$108,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 20, 2012
Closed on
Apr 3, 2012
Sold by
Carmichael Meredith
Bought by
Carmichael Lonny D
Seller's Agent
Francisco Vallecillos
Top Rock Realty
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$154,900
Sold Price
$144,000
Premium/Discount to List
-$10,900
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2009
Sold by
Terra Funding Llc
Bought by
Burdge Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2009
Sold by
Burdge Jill
Bought by
Burdge Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2009
Sold by
Flores Jeffrey R
Bought by
Terra Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2009
Sold by
Renaud Laila S
Bought by
Renaud Az Realty Llc

Purchase Details

Closed on
Feb 26, 2008
Sold by
Flores Jeffre R
Bought by
Jkm Trading Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2008
Sold by
Jkm Trading Inc
Bought by
Renaud Laila S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2007
Sold by
Us Bank Na
Bought by
Flores Jeffrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W and Fletcher Jane Ellen
Bought by
U S Bank Na and Credit Suisse First Boston Csfb Armt 200

Purchase Details

Closed on
Aug 17, 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
$403,597
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2005
Sold by
Rappaport Richard A and Rappaport 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
$318,750
Interest Rate
7.25%
Mortgage Type
New Conventional

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
$318,750
Interest Rate
7.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Tw2 Properties Llc $1,475,000 Security Title Agency Inc
Carmichael Lonny D $144,000 Accommodation
Carmichael Lonny D -- Accommodation
Burdge Ryan $100,000 Chicago Title
Burdge Ryan -- Chicago Title
Terra Funding Llc $95,000 Great American Title Agency
Renaud Az Realty Llc -- None Available
Jkm Trading Inc -- Capital Title Agency Inc
Renaud Laila S $370,000 Capital Title Agency Inc
Flores Jeffrey R $225,000 Capital Title Agency Icn
Flores Jeffrey R $225,000 Capital Title Agency Inc
U S Bank Na $327,250 None Available
Johnson Erik $403,597 Tsa Title Agency
Jkm Trading Corp $390,000 Capital Title Agency Inc
Fletcher Richard W $425,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tw2 Properties Llc $2,240,000
Previous Owner Carmichael Lonny D $108,000
Previous Owner Burdge Ryan $75,000
Previous Owner Jkm Trading Inc $76,000
Previous Owner Renaud Laila S $220,000
Previous Owner Flores Jeffrey R $1,600,000
Previous Owner Johnson Erik $403,597
Previous Owner Fletcher Richard W $318,750
Closed Fletcher Richard W $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2012 04/05/12 Sold $144,000 -7.0% $152 / Sq Ft
03/09/2012 03/09/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $154,900 -- $163 / 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 $1,729 $17,610 -- --
2024 $1,743 $16,771 -- --
2023 $1,743 $57,520 $11,500 $46,020
2022 $1,707 $43,300 $8,660 $34,640
2021 $1,727 $34,780 $6,950 $27,830
2020 $1,705 $30,870 $6,170 $24,700
2019 $1,593 $20,920 $4,180 $16,740
2018 $1,529 $18,310 $3,660 $14,650
2017 $1,483 $17,010 $3,400 $13,610
2016 $1,456 $16,030 $3,200 $12,830
2015 $1,368 $17,270 $3,450 $13,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4719215

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-010A