NOT LISTED FOR SALE

Estimated Value: $484,625 - $792,000

Studio
-- Bath
3,760 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 25, 2016

Last sale price $240,000 $64 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $3,710/month

17 Days on Market

Highlights

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

About This Home

As of March 2016

Well maintained 4 plex with all 2 bedroom townhouse style units! Each unit has its own laundry room and individual rear yard. Located on the cul de sac, the lot is large and one unit has a huge rear yard! HVACs were new in 2011. Room for rent growth! Valley Metro has a future planned extension of the Light Rail to Gilbert Road! Buyer to verify all items during the due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 01/16/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $909

Year Built

  • Built in 1984

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 138-69-117

Community Details

Overview

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

Building Details

  • Gross Income $28,557
  • Net Operating Income $20,548

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$909

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Gilbert and Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: PARADISE ESTATES OF MESA LOT 1-18 TR A-C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 138-69-117

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28557.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 20548.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 909.0
  • Tax Book Number: 138.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2021
Sold by
Pepper Circle Properties Llc
Bought by
Carr David W and Carr Debra S
Current Estimated Value
$691,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$289,171
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$401,985

Purchase Details

Listed on
Jan 16, 2016
Closed on
Mar 17, 2016
Sold by
Pepper 9 Partners Llc
Bought by
Pepper Circle Properties Llc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$249,000
Sold Price
$240,000
Premium/Discount to List
-$9,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$168,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2014
Sold by
Kahalas Jennifer
Bought by
Pepper 9 Partners Llc

Purchase Details

Closed on
Sep 2, 2011
Sold by
Kahalas Jeremy
Bought by
Kahalas Jennifer C

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
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2011
Sold by
Siwy Jeffrey K and Siwy Rita M
Bought by
Kahalas Jennifer C

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
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2006
Sold by
Siwy Jeffrey K and Siwy Rita M
Bought by
Siwy Jeffrey K and Siwy Rita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2002
Sold by
Slaughter Billy F and Slaughter Kay N
Bought by
Yearly Christopher B and Trust Heather A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,786
Interest Rate
5.95%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2001
Sold by
Slaughter Mayme Juel
Bought by
Slaughter Billy F and Slaughter Kay N

Purchase Details

Closed on
May 13, 1996
Sold by
Slaughter Billy F and Slaughter Kay N
Bought by
Slaughter Billy F and Slaughter Kay N
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
Carr David W -- Real Advantage Title Ins Co
Pepper Circle Properties Llc $240,000 Chicago Title Agency Inc
Pepper 9 Partners Llc -- None Available
Kahalas Jennifer C -- Chicago Title
Kahalas Jennifer C $90,000 Chicago Title
Siwy Jeffrey K -- Chicago Title
Siwy Jeffrey K -- None Available
Siwy Jeffrey K $380,000 Equity Title Agency Inc
Yearly Christopher B $208,000 American Title Ins Agency Az
Slaughter Billy F -- --
Slaughter Billy F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr David W $324,000
Previous Owner Pepper Circle Properties Llc $168,000
Previous Owner Kahalas Jennifer C $67,500
Previous Owner Siwy Jeffrey K $304,000
Previous Owner Siwy Jeffrey K $19,000
Previous Owner Yearly Christopher B $204,786
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $240,000 -3.6% $64 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $249,000 -- $66 / 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 $1,155 $11,702 -- --
2024 $1,158 $11,145 -- --
2023 $1,158 $56,570 $11,310 $45,260
2022 $1,134 $43,350 $8,670 $34,680
2021 $1,148 $34,680 $6,930 $27,750
2020 $1,133 $31,150 $6,230 $24,920
2019 $1,058 $23,930 $4,780 $19,150
2018 $1,016 $19,660 $3,930 $15,730
2017 $986 $16,370 $3,270 $13,100
2016 $967 $14,610 $2,920 $11,690
2015 $909 $12,710 $2,540 $10,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5384156

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-117