NOT LISTED FOR SALE

Estimated Value: $647,012 - $763,000

4 Beds
-- Bath
3,760 Sq Ft
$189/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2019

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

Est. 78% increase in value since last sale

Current estimated payment $3,931 / mo

9 Days on Market

Highlights

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

About This Home

As of April 2019

Great value add opportunity with current tenants rent below market rates. Rents should be at or above $800 a month. 4-Plex property is 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. Right next to light rail extension area in Mesa so the area is very desireable. Almost always 100% occupied

Last Agent to Sell the Property

Jake Allen

Tradelands Realty License #SA569290000 Listed on: 02/12/2019

Last Buyer's Agent

Thomas Rizen

RAN Realty & Property Management License #BR006348000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $941

Year Built

  • Built in 1984

Lot Details

  • 6,795

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Southwest Elementary School
  • Kino Junior High School
  • Mountain View - Waddell High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 138-69-113

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6775

Building Details

  • Operating Expense $941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$941

Year Built

Built in 1984

Lot Details

6,795 Sq Ft Lot

Listing Details

  • Cross Street: GILBERT/MAIN (N/W)
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: 0346
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Southwest Elementary School
  • High School: Mountain View - Waddell
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 6775
  • Additional Parcels: No
  • Parcel #: 138-69-113

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Operating Expense: 941.0

Tax Info

  • Tax Annual Amount: 941.0
  • Tax Book Number: 138.00
  • Tax Lot: 7

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

Listed on
Feb 12, 2019
Closed on
Apr 17, 2019
Sold by
Bought by
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Thomas Rizen
RAN Realty & Property Management
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
$711,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,253
Avg. Annual Appreciation
8.27%
Original Mortgage
$294,000
Interest Rate
0.042%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2009
Sold by
Bought by

Purchase Details

Closed on
May 12, 2005
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
$260,000
Interest Rate
0.0584%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2003
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
$176,000
Interest Rate
0.0606%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 1999
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
$156,183
Interest Rate
0.0756%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 1999
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
$156,183
Interest Rate
0.0756%
Mortgage Type
FHA
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
$392,000 Chicago Title Agency
-- Chicago Title Agency
-- None Available
-- None Available
$90,000 First American Title Ins Co
$110,000 Accommodation
$325,000 Lawyers Title Ins
$220,000 The Talon Group Title & Sett
$164,000 First American Title
-- First American Title
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 $294,000
Previous Owner $260,000
Previous Owner $176,000
Previous Owner $156,183
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
04/17/2019 04/17/19 Sold $400,000 -3.6% $106 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $415,000 -- $110 / 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 $1,069 $10,837
2024 $1,072 $10,321
2023 $1,072 $52,930 $10,580 $42,350
2022 $1,050 $40,680 $8,130 $32,550
2021 $1,063 $31,920 $6,380 $25,540
2020 $1,049 $28,680 $5,730 $22,950
2019 $980 $22,610 $4,520 $18,090
2018 $941 $18,720 $3,740 $14,980
2017 $913 $15,670 $3,130 $12,540
2016 $896 $13,680 $2,730 $10,950
2015 $842 $12,100 $2,420 $9,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5882199

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-113

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