NOT LISTED FOR SALE

1720 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $644,000 - $734,000

4 Beds
-- Baths
3,760 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2019

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

Est. 68% increase in value since last sale

Current estimated payment $3,781 / mo

9 Days on Market

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

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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
Cad Home Designs Llc
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
$672,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,342
Avg. Annual Appreciation
7.29%
Original Mortgage
$294,000
Outstanding Balance
$253,071
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$419,271

Purchase Details

Closed on
Sep 15, 2010
Sold by
Kimball Stephen R and Clonts Constance M
Bought by
Cad Home Design Llc

Purchase Details

Closed on
Mar 2, 2010
Sold by
Cad Home Design Llc
Bought by
Kimball Stephen R and Clonts Constance M

Purchase Details

Closed on
Sep 29, 2009
Sold by
Us Bank National Association
Bought by
Cad Home Design Llc

Purchase Details

Closed on
Jun 10, 2009
Sold by
Hongkham Scott S and Hongkham Diane P
Bought by
Us Bank National Association

Purchase Details

Closed on
May 12, 2005
Sold by
Bolesnikov Jelena and Fara Jelena
Bought by
Hongkham Scott S and Hongkham Diane P

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
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2003
Sold by
Burk Robert Mosiah and Burk Aubree Lynn
Bought by
Fara Jelena

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
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 1999
Sold by
Biggs Samuel J B and Biggs Sheila
Bought by
Burk Robert Mosiah and Burk Aubree Lynn

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
7.56%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 1999
Sold by
Biggs Sheila and Rowley Kenneth
Bought by
Biggs Samuel and Biggs Sheila

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
7.56%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Reed Park, AZ

  • Heather Scriven Real Estate Agent - Jason Mitchell Real Estate

    Heather Scriven

    Jason Mitchell Real Estate

    (888) 621-0895

    90 Total Sales

    1 in Reed Park

    $310,000 Price

    Heather Scriven
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  • Chris Lundberg Real Estate Agent - Redeemed Real Estate

    Chris Lundberg

    Responds Quickly

    Redeemed Real Estate

    (623) 400-5946

    142 Total Sales

    1 in Reed Park

    $475,000 Price

    Chris Lundberg
     Section Image

  • DS

    Devin Snow

    Snow Realty & Property Management

    (833) 499-0362

    65 Total Sales

    1 in Reed Park

    $385,000 Price

    Devin Snow
     Section Image
  • Sandra Michel Real Estate Agent - HomeSmart

    Sandra Michel

    HomeSmart

    (623) 888-8471

    55 Total Sales

    1 in Reed Park

    $410,000 Price

    Sandra Michel
     Section Image
  • Kim Panozzo Real Estate Agent - HomeSmart

    Kim Panozzo

    HomeSmart

    (623) 888-8019

    881 Total Sales

    3 in Reed Park

    $170K - $435K Price Range

    Kim Panozzo
     Section Image
  • Tasha Goins Real Estate Agent - eXp Realty

    Tasha Goins

    eXp Realty

    (623) 244-5282

    70 Total Sales

    1 in Reed Park

    $392,000 Price

    Tasha Goins
     Section Image
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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
Breuer Todd -- Chicago Title Agency
Cad Home Design Llc -- None Available
Kimball Stephen R -- None Available
Cad Home Design Llc $90,000 First American Title Ins Co
Us Bank National Association $110,000 Accommodation
Hongkham Scott S $325,000 Lawyers Title Ins
Fara Jelena $220,000 The Talon Group Title & Sett
Burk Robert Mosiah $164,000 First American Title
Biggs Samuel -- 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 Hongkham Scott S $260,000
Previous Owner Fara Jelena $176,000
Previous Owner Burk Robert Mosiah $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

  • JA

    Seller's Agent in 2019

    Jake Allen

    Tradelands Realty

    (480) 610-6833

    41 Total Sales

    Jake Allen
    Section Image
  • Thomas Rizen Real Estate Agent - RAN Realty & Property Management

    Buyer's Agent in 2019

    Thomas Rizen

    RAN Realty & Property Management

    (480) 844-0600

    24 Total Sales

    Thomas Rizen
    Section Image
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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

Arizona Maricopa County Mesa 85203 Reed Park

1720 E Pepper Cir, Mesa, AZ

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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