NOT LISTED FOR SALE

Estimated Value: $464,916 - $841,000

-- Bed
-- Bath
3,250 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $5,000,000 $1,538 Per Sq Ft

Current estimated payment $4,013/month

14 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of June 2022

Featuring 5 out of the 6
buildings of the multifamily complex located at 1645
N Date near Downtown Mesa. Each building is 2 stories and consist of (4) 2-Bedroom/1-Bath units. These newly renovated
(20) 2-Bedroom/1-Bath units feature upgraded flooring
throughout, in-unit laundry, beautifully remodeled galley
kitchens complete with new appliances and new
white cabinetry.
This property is located in the deirable neighborhood
of west Mesa and close to everything imaginable.
Residents enjoy the accessibility to downtown Mesa's
museums, theaters, and nightlife: ASU, Mesa Riverview,
Tempe Marketplace, Tempe Town Lake, Downtown
Mesa, and the new Chicago Cubs Stadium. Accessible
freeways: 202, 101, and the 60.]
Management continues to increase rents. Offering In Documents tab.

Last Listed By

Swapnadeep Nath

HN Management License #BR657689000 Listed on: 03/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1984

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 40 Open Parking Spaces
  • 40 Parking Spaces
  • Assigned Parking

Schools

  • Whitman Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 135-11-008-M

Community Details

Overview

  • 5 Buildings
  • 20 Units
  • Building Dimensions are 7013
  • Mclellan Acres Blk 2 Subdivision

Building Details

  • Operating Expense $53,300
  • Net Operating Income $242,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,456

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Country Club Dr & McKellips Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Directions: Head south on Country Club Dr, West on Ivyglen St, South on Date. Complex is on the corner lot at the left side.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 12000.0
  • Co List Office Mls Id: urba001
  • Co List Office Phone: 480-619-2792
  • Subdivision Name: MCLELLAN ACRES BLK 2
  • Tax Parcel Letter: M
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 40.0
  • Total Parking Spaces: 40.0
  • General Property Description:Uncvrd Parking Spcs: 40.0
  • General Property Description:Total Parking Spcs: 40.0
  • Parking Features:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 12265.0

Schools

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

Lot Info

  • Lot Size: 7013
  • Additional Parcels: No
  • Parcel #: 135-11-008-M

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 20
  • Insurance Expense: 8678.0
  • Maintenance Expense: 13276.0
  • Property Net Operating Income: 242316.37
  • Annual Operating Expense: 53300.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1456.0
  • Tax Block: 1
  • Tax Book Number: 135.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2021
Sold by
Johnson Seth
Bought by
Atx Funding Llc
Total Days on Market
14
Current Estimated Value
$697,229

Purchase Details

Closed on
Feb 7, 2012
Sold by
Muon Development Llc
Bought by
Johnson Seth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2010
Sold by
Fannie Mae
Bought by
Mdm Consulting Llc

Purchase Details

Closed on
May 29, 2010
Sold by
Fannie Mae
Bought by
Muon Development Llc

Purchase Details

Closed on
Mar 11, 2010
Sold by
Pelley Douglas A and Pelley Karen M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 1, 2010
Sold by
Manuel Rainier M and Manuel Rosalie D
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 5, 2007
Sold by
Pelley Douglas A and Pelley Karen M
Bought by
Rdr Llc

Purchase Details

Closed on
Aug 11, 2006
Sold by
Royce Carmen G
Bought by
Pelley Douglas A and Pelley Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2005
Sold by
Touw Thomas and Touw Jessica E
Bought by
Manuel Rainier M and Manuel Rosalie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,600
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2004
Sold by
Rowe Michael A and Rowe Frances
Bought by
Touw Thomas and Touw Jessica E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,700
Interest Rate
5.39%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 19, 1998
Sold by
Slikker Jill E and Leker Jill E
Bought by
Rowe Michael A and Rowe Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.06%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Atx Funding Llc -- None Available
Johnson Seth J $140,000 Lawyers Title Of Arizona Inc
Mdm Consulting Llc $110,000 Stewart Title & Trust Of Pho
Muon Development Llc $102,000 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $276,736 First American Title
Federal National Mortgage Association $325,818 First American Title
Rdr Llc -- None Available
Rdr Llc -- None Available
Pelley Douglas A $325,000 Lawyers Title Insurance Corp
Manuel Rainier M $317,000 Capital Title Agency Inc
Touw Thomas $218,000 Capital Title Agency Inc
Rowe Michael A $155,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Seth J $98,000
Previous Owner Pelley Douglas A $260,000
Previous Owner Manuel Rainier M $302,000
Previous Owner Manuel Rainier M $253,600
Previous Owner Touw Thomas C $32,700
Previous Owner Touw Thomas $174,400
Previous Owner Schoose Robert F $100,000
Previous Owner Rowe Michael A $67,500
Closed Manuel Rainier M $31,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $5,000,000 0.0% $1,538 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $5,000,000 0.0% $1,538 / Sq Ft
11/04/2019 11/04/19 Rented $1,050 0.0% --
10/28/2019 10/28/19 Under Contract -- -- --
10/26/2019 10/26/19 For Rent $1,050 +75.0% --
06/03/2014 06/03/14 Rented $600 0.0% --
06/03/2014 06/03/14 Under Contract -- -- --
10/30/2013 10/30/13 For Rent $600 -- --
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 $1,546 $15,747 -- --
2024 $1,558 $14,997 -- --
2023 $1,558 $56,010 $11,200 $44,810
2022 $1,526 $37,120 $7,420 $29,700
2021 $1,545 $31,300 $6,260 $25,040
2020 $1,525 $28,080 $5,610 $22,470
2019 $1,425 $23,820 $4,760 $19,060
2018 $1,367 $19,420 $3,880 $15,540
2017 $1,326 $18,100 $3,620 $14,480
2016 $1,302 $17,500 $3,500 $14,000
2015 $1,223 $15,000 $3,000 $12,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6363622

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-11-008E