NOT LISTED FOR SALE

Estimated Value: $633,948 - $835,000

4 Beds
-- Bath
3,760 Sq Ft
$202/Sq Ft Est. Value

Last Sold April 15, 2019

Last sale price $400,000 $106 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,972/month

21 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2019

NEW ROOFS less than 1 month old. 1 AC unit is 6 months old and another unit just over 1 year old. Add value with current tenants rent below market rates. 4-Plex Unit located at the end of a Cul-de-sac in strong rental areal. Large units that are 2 story town house style with private yards. Separate storage closets for each unit and 2 of the units have patios and balconies. 100% occupied.

Last Agent to Sell the Property

Brickman Allen

Tradelands Realty License #SA586174000 Listed on: 02/01/2019

Last Buyer's Agent

Thomas Rizen

RAN Realty & Property Management License #BR006348000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $988

Year Built

  • Built in 1984

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Hawthorne Elementary School
  • Kino Junior High School
  • Mountain View High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 138-69-116

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Paradise Estates Of Mesa Lot 1 18 Tr A C Subdivision

Building Details

  • Operating Expense $8,388
  • Gross Income $36,480
  • Net Operating Income $28,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$988

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: GILBERT & MAIN ST
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: PARADISE ESTATES OF MESA LOT 1-18 TR A-C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/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

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1900.0

Schools

  • Elementary School: Hawthorne Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 138-69-116

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36480.0
  • Insurance Expense: 1150.0
  • Maintenance Expense: 3200.0
  • Property Net Operating Income: 28092.0
  • Annual Operating Expense: 8388.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 988.0
  • Tax Book Number: 138.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
Apr 17, 2019
Sold by
Breuer Quinn and Breuer Todd
Bought by
Breuer Todd
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Thomas Rizen
RAN Realty & Property Management
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Current Estimated Value
$741,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,515
Avg. Annual Appreciation
9.96%
Original Mortgage
$298,125
Outstanding Balance
$262,633
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$496,854

Purchase Details

Listed on
Feb 1, 2019
Closed on
Apr 16, 2019
Sold by
Tnd Investments Llc
Bought by
Breuer Todd
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Thomas Rizen
RAN Realty & Property Management
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,125
Outstanding Balance
$262,633
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$496,854

Purchase Details

Closed on
Apr 4, 2008
Sold by
Boehmer Tracy Lee and Boehmer Daniel L
Bought by
T N D Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2004
Sold by
Boehmer Daniel L and Hagle Tracy L
Bought by
T N D Investments Llc

Purchase Details

Closed on
Jun 22, 2004
Sold by
Olson John
Bought by
Boehmer Daniel L and Hagle Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,650
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Breuer Todd -- Chicago Title Agency
Breuer Todd $397,500 Chicago Title Agency
T N D Investments Llc -- Capital Title Agency Inc
Boehmer Tracy Lee -- Capital Title Agency Inc
T N D Investments Llc -- Capital Title Agency Inc
Boehmer Daniel L $227,500 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breuer Todd $298,125
Previous Owner T N D Investments Llc $186,000
Previous Owner Boehmer Daniel L $179,650
Closed Boehmer Daniel L $25,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2019 04/15/19 Sold $400,000 -5.9% $106 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $425,000 -- $113 / 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 $1,123 $11,382 -- --
2024 $1,126 $10,840 -- --
2023 $1,126 $55,210 $11,040 $44,170
2022 $1,103 $42,350 $8,470 $33,880
2021 $1,117 $33,650 $6,730 $26,920
2020 $1,102 $30,220 $6,040 $24,180
2019 $1,030 $23,450 $4,690 $18,760
2018 $988 $19,310 $3,860 $15,450
2017 $959 $16,110 $3,220 $12,890
2016 $941 $14,270 $2,850 $11,420
2015 $884 $12,480 $2,490 $9,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5876730

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-116