NOT LISTED FOR SALE

Estimated Value: $488,344 - $753,000

Studio
-- Bath
3,760 Sq Ft
$176/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2016

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

Est. 176% increase in value since last sale

Current estimated payment $3,734 / mo

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
  • Separate Meters

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

0.28 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2021
Sold by
Bought by
Current Estimated Value
$662,586

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
Interest Rate
0.0271%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2016
Closed on
Mar 17, 2016
Sold by
Bought by
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
10.30%
Original Mortgage
$168,000
Interest Rate
0.0365%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 2, 2011
Sold by
Bought by

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
0.0437%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2011
Sold by
Bought by

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
0.0437%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2006
Sold by
Bought by

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
0.0325%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2002
Sold by
Bought by

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
0.0589%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2001
Sold by
Bought by

Purchase Details

Closed on
May 13, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Real Advantage Title Ins Co
$240,000 Chicago Title Agency Inc
-- None Available
-- Chicago Title
-- Chicago Title
$90,000 Chicago Title
-- None Available
$380,000 Equity Title Agency Inc
$208,000 American Title Ins Agency Az
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $324,000
Previous Owner $168,000
Previous Owner $107,800
Previous Owner $67,500
Previous Owner $19,000
Previous Owner $304,000
Previous Owner $204,786
Previous Owner $204,786
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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