NOT LISTED FOR SALE

1712 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $385,397 - $828,000

-- Bed
-- Bath
3,760 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 18, 2013

Last sale price $169,900 $45 Per Sq Ft

Est. 279% increase in value since last sale

Current estimated payment $3,491/month

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2013

WOW. Nice 2 story 4-plex in east-Central Mesa. New exterior paint, units have ceramic tile. 100% leased. Great cap rate. All 2 bedroom units with yards. Drive by only. Write offer subject to interior inspection. Property to convey ''AS-IS''.

Last Agent to Sell the Property

David Gudmundsen

Better Homes & Gardens Real Estate SJ Fowler License #BR105719000 Listed on: 09/26/2013

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Erin Papic

Built By Referral Rlty Grp 02 License #SA547105000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $704

Year Built

  • Built in 1984

Lot Details

  • 8,189

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Concrete

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 138-69-114

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8181

Building Details

  • Operating Expense $7,721
  • Gross Income $26,961
  • Net Operating Income $19,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$704

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Main/Gilbert Rd.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Lot Info

  • Lot Size: 8181
  • Additional Parcels: No
  • Parcel #: 138-69-114

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 26961.0
  • Insurance Expense: 1017.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 19240.0
  • Annual Operating Expense: 7721.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 704.0
  • Tax Book Number: 138.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2022
Sold by
Papic Joseph A and Papic Erin K
Bought by
Spring Dreams Llc
Current Estimated Value
$643,799

Purchase Details

Closed on
Jul 27, 2022
Sold by
Spring Dreams Llc
Bought by
Papic Erin K and Papic Joseph A

Purchase Details

Closed on
Jul 20, 2022
Sold by
Spring Dreams Llc
Bought by
Papic Joseph A and Papic Erin K

Purchase Details

Closed on
Jul 1, 2022
Sold by
Papic Joseph A and Papic Erin K
Bought by
Spring Dreams Llc

Purchase Details

Closed on
Jul 28, 2020
Sold by
Papic Erin K and Papic Joseph A
Bought by
Spring Dreams Llc

Purchase Details

Closed on
Apr 7, 2020
Sold by
Spring Dreams Llc
Bought by
Papic Erin K and Papic Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2018
Sold by
Papic Joseph and Papic Erin
Bought by
Spring Dreams Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2018
Sold by
Future Dream Llc
Bought by
Papic Joseph and Papic Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 26, 2013
Closed on
Oct 10, 2013
Sold by
Eng Edward K
Bought by
Future Dream Llc
Seller's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Erin Papic
Built By Referral Rlty Grp 02
List Price
$169,900
Sold Price
$169,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.63%

Purchase Details

Closed on
Feb 2, 2010
Sold by
Eng Edward K and Chen Yuyin
Bought by
Edward K Eng Revocable Trust

Purchase Details

Closed on
Aug 8, 2008
Sold by
Eng Edward K and Chen Yuyin
Bought by
Eng Edward K and Chen Yuyin

Purchase Details

Closed on
Apr 30, 2008
Sold by
Chen Yuyin and Eng Edward K
Bought by
Eng Edward K and Chen Yu Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,171
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2008
Sold by
Anderson Richard E
Bought by
Chen Yuyin and Eng Edward K

Purchase Details

Closed on
Mar 12, 2005
Sold by
Boris William O
Bought by
Anderson Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Spring Dreams Llc -- None Listed On Document
Papic Erin K -- None Listed On Document
Spring Dreams Llc -- None Listed On Document
Papic Joseph A -- None Listed On Document
Spring Dreams Llc -- None Listed On Document
Spring Dreams Llc -- None Available
Papic Erin K -- Calatlantic Title Inc
Spring Dreams Llc -- None Available
Papic Joseph -- Premier Title Agency
Future Dream Llc $169,900 American Title Service Agenc
Edward K Eng Revocable Trust -- None Available
Eng Edward K -- None Available
Eng Edward K -- Security Title Agency Inc
Chen Yuyin $204,531 None Available
Anderson Richard E $280,000 First Financial Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Papic Erin K $196,000
Previous Owner Papic Joseph $192,500
Previous Owner Eng Edward K $143,171
Previous Owner Anderson Richard E $196,000
Closed Anderson Richard E $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2013 10/18/13 Sold $169,900 0.0% $45 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $169,900 -- $45 / 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 $1,097 $11,119 -- --
2024 $1,100 $10,590 -- --
2023 $1,100 $54,060 $10,810 $43,250
2022 $1,078 $41,510 $8,300 $33,210
2021 $1,091 $32,770 $6,550 $26,220
2020 $1,077 $29,430 $5,880 $23,550
2019 $1,006 $23,020 $4,600 $18,420
2018 $965 $19,010 $3,800 $15,210
2017 $937 $15,900 $3,180 $12,720
2016 $919 $13,970 $2,790 $11,180
2015 $864 $12,280 $2,450 $9,830
Source: Public Records

Agents Affiliated with this Home

  • David Gudmundsen

    Seller's Agent in 2013

    David Gudmundsen

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 830-2552

    43 Total Sales

    David Gudmundsen
    Section Image

  • E

    Buyer's Agent in 2013

    Erin Papic

    Built By Referral Rlty Grp 02

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5004805

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-114

Arizona Maricopa County Mesa 85203 Reed Park

1712 E Pepper Cir, Mesa, AZ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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