NOT LISTED FOR SALE

1715 E 5th Ave Unit A,B,C Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $381,999 - $726,000

-- Bed
4 Baths
4,450 Sq Ft
$128/Sq Ft Est. Value

Last Sold June 28, 2012

Last sale price $126,000 $28 Per Sq Ft

Est. 351% increase in value since last sale

Current estimated payment $3,297/month

45 Days on Market

Highlights

  • Multiple cooling system units
  • Carpet
  • 4-minute walk to Reed Park
  • Franklin at Brimhall Elementary School Rated A
  • Individual Controls for Heating

About This Home

As of June 2012

Great triplex for the investor. Do not disturb the tenants. TENANT'S RIGHTS!. Priced to sell. 100% occupied triplex. Very lg units w/refrigerators, ranges, mini-blinds, storage unit for each. Reg maint, same property manager for over 8 years. A/C's have been maintained, Unit A (3 Bdrm) new 50 gall water heater, new counter top, stove and wall oven replaced two years ago, new shower. Flooring in two units have been replaced. New storage shed doors installed on S side. Owner has replaced a/c units since owning.

Last Listed By

Michelle Tremblay

West USA Realty License #SA113368000 Listed on: 04/24/2012

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $908

Year Built

  • Built in 1961

Lot Details

  • 9,104

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Lindbergh Elementary School
  • Mesa High School

Utilities

  • Multiple cooling system units
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 139-54-009

Community Details

Overview

  • 3 Units
  • Building Dimensions are 74-122
  • Park Mesa Subdivision

Building Details

  • Operating Expense $9,727
  • Gross Income $89,856
  • Net Operating Income $6,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$908

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Stapley/Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2011
  • Directions: E on Broadway from Stapley, S on Williams, E on 5th to tri-plex on S. side of Street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 700.0
  • Subdivision Name: Park Mesa
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, 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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Assigned, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Lindbergh Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 74-122
  • Additional Parcels: No
  • Parcel #: 139-54-009

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 89856.0
  • Insurance Expense: 999.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 6500.0
  • Annual Operating Expense: 9727.0
  • Vacancy Allowance Rate: 10.0

Tax Info

  • Tax Annual Amount: 908.0
  • Tax Book Number: 139.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2012
Sold by
Martinez Juana Dieges
Bought by
Sotelo Pedro Ortiz
Total Days on Market
45
Current Estimated Value
$568,500

Purchase Details

Closed on
Oct 25, 2012
Sold by
Sotelo Pedro Ortiz
Bought by
Sotelo Pedro Ortiz and Fabian Pedro Ortiz

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jun 28, 2012
Sold by
Deortiz Maria F Fabian
Bought by
Sotelo Pedro Ortiz
Seller's Agent
Michelle Tremblay
West USA Realty
Buyer's Agent
Liza Drake
West USA Realty
List Price
$125,000
Sold Price
$126,000
Premium/Discount to List
$1,000
0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%
Original Mortgage
$100,800
Outstanding Balance
$71,645
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$500,509

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jun 25, 2012
Sold by
Leonardini Russell J and Leonardini Eloisa
Bought by
Sotelo Pedro Ortiz
Seller's Agent
Michelle Tremblay
West USA Realty
Buyer's Agent
Liza Drake
West USA Realty
List Price
$125,000
Sold Price
$126,000
Premium/Discount to List
$1,000
0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Outstanding Balance
$71,645
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$500,509

Purchase Details

Closed on
Oct 27, 2004
Sold by
Rojas Rosalio
Bought by
Leonardini Russell J and Leonardini Eloisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2002
Sold by
Whetten Amy
Bought by
Rojas Rosalio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,950
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2002
Sold by
Ortiz Juana
Bought by
Ortiz Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,950
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 1998
Sold by
Cain Maxine E and Wilson Dick C
Bought by
Wilson Dick C and Wilson Rozella A

Purchase Details

Closed on
Dec 29, 1995
Sold by
Cousins Marc C
Bought by
Cain Maxine E and Wilson Dick C

Range of Values:

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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
Sotelo Pedro Ortiz -- None Available
Sotelo Pedro Ortiz -- None Available
Sotelo Pedro Ortiz -- None Available
Sotelo Pedro Ortiz -- Security Title Agency
Sotelo Pedro Ortiz $126,000 Security Title Agency
Leonardini Russell J $185,000 Fidelity National Title
Rojas Rosalio $161,200 Lawyers Title Of Arizona Inc
Ortiz Pedro -- Lawyers Title Of Arizona Inc
Wilson Dick C -- --
Cain Maxine E -- --
Cousins Marc C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sotelo Pedro Ortiz $100,800
Closed Sotelo Pedro Ortiz $100,800
Previous Owner Ortiz Pedro $173,991
Previous Owner Leonardini Russell J $25,000
Previous Owner Rojas Rosalio $128,950
Closed Rojas Rosalio $24,190
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2012 06/28/12 Sold $126,000 +0.8% $28 / Sq Ft
06/08/2012 06/08/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $125,000 -- $28 / 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 $1,378 $14,038 -- --
2024 $1,389 $13,369 -- --
2023 $1,389 $45,180 $9,030 $36,150
2022 $1,360 $30,310 $6,060 $24,250
2021 $1,377 $25,450 $5,090 $20,360
2020 $1,359 $23,900 $4,780 $19,120
2019 $1,270 $20,920 $4,180 $16,740
2018 $1,219 $18,980 $3,790 $15,190
2017 $1,182 $16,350 $3,270 $13,080
2016 $1,161 $14,380 $2,870 $11,510
2015 $1,091 $13,620 $2,720 $10,900
Source: Public Records

Agents Affiliated with this Home

  • Michelle Tremblay

    Seller's Agent in 2012

    Michelle Tremblay

    West USA Realty

    (602) 400-0347

    6 Total Sales

    Michelle Tremblay
    Section Image
  • Liza Drake

    Buyer's Agent in 2012

    Liza Drake

    West USA Realty

    (602) 329-7729

    1 in this area

    122 Total Sales

    Liza Drake
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4749557

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-009

Arizona Maricopa County Mesa 85204 Reed Park

1715 E 5th Ave Unit A,B,C, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1715 E 5th Ave Unit A,B,C, Mesa, AZ 85204 since 24 April 2012 and is currently estimated at $568,500, approximately $127 per square foot. This property was built in 1961. 1715 E 5th Ave Unit A,B,C is a home located in Maricopa County with nearby schools including Longfellow Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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