NOT LISTED FOR SALE

1725 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $433,693 - $772,000

Studio
-- Bath
3,760 Sq Ft
$179/Sq Ft Est. Value

Last Sold August 13, 2014

Last sale price $195,000 $52 Per Sq Ft

Est. 245% increase in value since last sale

Current estimated payment $3,557/month

5 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of August 2014

Large Townhouse style 4-plex centrally located in the heart of Mesa. Property is in good shape. Units have individual backyards. Owner has done rehab in three out of the four units to include ceramic tile, carpet, sinks, toilets, some appliances, counter tops and some cabinets. Two of the four units have new vinyl windows. Property also has newer ac units. Seller may carry. All facts and figure approx. buyer to verify to their satisfaction.

Last Agent to Sell the Property

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 06/20/2014

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Shane Anderson

Affinity Home Assets LLC License #SA648790000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $705

Year Built

  • Built in 1984

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 138-69-119

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $5,385
  • Gross Income $29,100
  • Net Operating Income $23,715

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$705

Year Built

Built in 1984

Lot Details

7,013 Sq Ft Lot

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: 2013
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Rolled/Hot Mop
  • 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:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 840.0
  • Annual Water Sewer Expense: 1440.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 138-69-119

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29100.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 23715.0
  • Annual Operating Expense: 5385.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 705.0
  • Tax Book Number: 138.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2025
Sold by
Johnson Seth
Bought by
Seth J Johnson Trust and Johnson
Current Estimated Value
$673,173

Purchase Details

Listed on
Jun 20, 2014
Closed on
Jul 31, 2014
Sold by
Johnson Jennifer and Johnson Seth
Bought by
Johnson Seth
Seller's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Shane Anderson
Affinity Home Assets LLC
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Original Mortgage
$129,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2005
Sold by
Andrews Lois J and Schneider Christina E
Bought by
Concepcion L Valenzuela Family Trust

Purchase Details

Closed on
Aug 16, 2003
Sold by
Vargas Jesus Albert
Bought by
Andrews Lois J and Schneider Christina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 1999
Sold by
Vargas Rita S
Bought by
Vargas Jesus Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.82%

Purchase Details

Closed on
Jun 29, 1994
Sold by
Ortiz Jose M and Ortiz Natalia G
Bought by
Vargas Jesus Albert
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

Date Buyer Sale Price Title Company
Seth J Johnson Trust -- None Listed On Document
Johnson Seth -- Stewart Title & Trust Of Pho
Johnson Seth J $195,000 Stewart Title & Trust Of Pho
Concepcion L Valenzuela Family Trust $305,000 Title Security Agency Of Az
Andrews Lois J $221,000 Security Title Agency
Vargas Jesus Albert -- Fiesta Title & Escrow Agency
Vargas Jesus Albert $120,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Seth J $129,500
Previous Owner Andrews Lois J $176,800
Previous Owner Vargas Jesus Albert $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2014 08/13/14 Sold $195,000 -2.5% $52 / Sq Ft
06/25/2014 06/25/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $199,900 -- $53 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,073 $10,874 -- --
2024 $1,076 $10,356 -- --
2023 $1,076 $53,150 $10,630 $42,520
2022 $1,054 $40,830 $8,160 $32,670
2021 $1,067 $32,070 $6,410 $25,660
2020 $1,053 $28,820 $5,760 $23,060
2019 $984 $22,680 $4,530 $18,150
2018 $944 $18,770 $3,750 $15,020
2017 $916 $15,720 $3,140 $12,580
2016 $899 $13,750 $2,750 $11,000
2015 $845 $12,130 $2,420 $9,710
Source: Public Records

Agents Affiliated with this Home

  • Jim Fowler

    Seller's Agent in 2014

    Jim Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 568-7352

    11 Total Sales

    Jim Fowler
    Section Image
  • Shane Anderson

    Buyer's Agent in 2014

    Shane Anderson

    Affinity Home Assets LLC

    (760) 415-8170

    40 Total Sales

    Shane Anderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5133747

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-119

Arizona Maricopa County Mesa 85203 Reed Park

1725 E Pepper Cir, Mesa, AZ

Not Listed for Sale

MultiFamily

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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