NOT LISTED FOR SALE

Estimated Value: $445,602 - $671,000

1 Bed
-- Bath
3,475 Sq Ft
$168/Sq Ft Est. Value

Last Sold May 10, 2017

Last sale price $235,000 $68 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $3,188/month

9 Days on Market

Highlights

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

About This Home

As of May 2017

TERRIFIC INVESTMENT OPPORTUNITY. Each unit has 2 good size bedrooms and full bath. The Kitchen, Dining, and Family Room are connected with a open floor plan. Exterior recently painted.This 4-plex does provide 1 covered parking spot with each unit and a storage area. Great Investment with All 4 units rented on average for 500.00/Month! Rents are below market & can be raised. Each unit has it's own gated side-yard, located near Parks, Schools, Shopping and Freeways.

Last Agent to Sell the Property

Glenn Loper

HomeSmart License #BR022864000 Listed on: 03/21/2017

HomeSmart

Last Buyer's Agent

Donna Quackenbush

HomeSmart License #SA630564000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,228

Year Built

  • Built in 1963

Lot Details

  • 8,843

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Lindbergh Elementary School
  • Taylor Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 14
  • Assessor Parcel Number 139-54-014

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8856
  • Park Mesa Subdivision

Building Details

  • Operating Expense $7,978
  • Gross Income $24,632
  • Net Operating Income $15,438

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,228

Year Built

Built in 1963

Lot Details

8,843 Sq Ft Lot

Listing Details

  • Cross Street: Gilbert Rd & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2419.78
  • Subdivision Name: Park Mesa
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, 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
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 4329.94

Schools

  • Elementary School: Lindbergh Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Taylor Junior High School

Lot Info

  • Lot Size: 8856
  • Additional Parcels: No
  • Parcel #: 139-54-014

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 24632.34
  • Property Net Operating Income: 15437.53
  • Annual Operating Expense: 7977.72

Tax Info

  • Tax Annual Amount: 1228.0
  • Tax Book Number: 139.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
May 8, 2017
Sold by
Arizona Residential Properties Llc
Bought by
Chorrushi Susan
Seller's Agent
Glenn Loper
HomeSmart
Buyer's Agent
Donna Quackenbush
HomeSmart
List Price
$240,000
Sold Price
$235,000
Premium/Discount to List
-$5,000
-2.08%
Current Estimated Value
$582,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,901
Avg. Annual Appreciation
10.78%
Original Mortgage
$176,250
Outstanding Balance
$146,385
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$436,516

Purchase Details

Listed on
Oct 10, 2014
Closed on
Nov 10, 2014
Sold by
Stika Casey J
Bought by
Arizona Residential Properties Llc
Seller's Agent
Daniel Zufelt
eXp Realty
Buyer's Agent
Glenn Loper
HomeSmart
List Price
$184,900
Sold Price
$190,000
Premium/Discount to List
$5,100
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$142,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2011
Sold by
Mcpherson Stuart
Bought by
Stika Casey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,527
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2011
Sold by
Stika Kiara
Bought by
Stika Casey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,527
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 2010
Sold by
Stocker Tara
Bought by
Mcpherson Stuart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2010
Sold by
Freedom Mortgage Corporation
Bought by
Mcpherson Stuart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2010
Sold by
Shanahan Aidan and Shanahan Karen
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 10, 2007
Sold by
Morales Rosa
Bought by
Pena Eduardo

Purchase Details

Closed on
Jan 30, 2007
Sold by
Shanahan Aidan and Shanahan Karen
Bought by
Shanahan Aidan and Mayo Shanahan Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2005
Sold by
Lyons Dolores
Bought by
Lyons Christopher R and Lyons Dolores

Purchase Details

Closed on
Jun 28, 2001
Sold by
Mcgree Michael
Bought by
Sheahan Timothy P

Purchase Details

Closed on
Jun 25, 2001
Sold by
Gobrick Peter M and Gobrick Melissa Anne
Bought by
Mcgee Michael

Purchase Details

Closed on
Jan 3, 2001
Sold by
Mcgee Jamie
Bought by
Mcgee Michael

Purchase Details

Closed on
Dec 18, 1998
Sold by
Bellerose John A and Bellrose Carol C
Bought by
Gobrick Peter M and Merendino Melissa Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,830
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 1998
Sold by
Spears Larry S and Spears Laura C
Bought by
Bellerose John A and Bellerose Carol C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Interest Rate
7.14%

Purchase Details

Closed on
May 8, 1995
Sold by
Jayamaha Sebastian
Bought by
Spears Larry S and Spears Laura C
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
Chorrushi Susan $235,000 Grand Canyon Title Agency
Arizona Residential Properties Llc $190,000 Grand Canyon Title Agency In
Stika Casey J $137,000 Fidelity Natl Title Ins Co
Stika Casey J -- Fidelity Natl Title Ins Co
Mcpherson Stuart -- Fidelity Natl Title Ins Co
Mcpherson Stuart -- Fidelity Natl Title Ins Co
Mcpherson Stuart $47,500 Fidelity Natl Title Ins Co
Federal National Mortgage Association $244,554 Servicelink
Pena Eduardo -- Grand Cyn Title Agency Inc
Shanahan Aidan -- None Available
Shanahan Aidan $300,000 American Title Service Agenc
Lyons Christopher R -- Capital Title Agency Inc
Lyons Dolores -- Capital Title Agency Inc
Sheahan Timothy P $165,000 First American Title
Mcgee Michael -- First American Title
Mcgee Michael $139,537 First American Title
Mcgee Michael -- First American Title
Gobrick Peter M $143,000 Security Title Agency
Bellerose John A -- Ati Title Agency
Spears Larry S $95,800 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chorrushi Susan $176,250
Previous Owner Arizona Residential Properties Llc $142,500
Previous Owner Stika Casey J $133,527
Previous Owner Stika Casey J $133,527
Previous Owner Mcpherson Stuart $50,000
Previous Owner Mcpherson Stuart $50,000
Previous Owner Shanahan Aidan $225,000
Previous Owner Shanahan Aidan $45,000
Previous Owner Gobrick Peter M $141,830
Previous Owner Bellerose John A $90,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2017 05/10/17 Sold $235,000 -2.1% $68 / Sq Ft
03/21/2017 03/21/17 For Sale $240,000 +26.3% $69 / Sq Ft
11/14/2014 11/14/14 Sold $190,000 +2.8% $55 / Sq Ft View Prior Sale
10/16/2014 10/16/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $184,900 -- $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 $1,465 $14,850 -- --
2024 $1,470 $14,143 -- --
2023 $1,470 $50,430 $10,080 $40,350
2022 $1,439 $33,180 $6,630 $26,550
2021 $1,457 $26,950 $5,390 $21,560
2020 $1,438 $24,720 $4,940 $19,780
2019 $1,343 $21,350 $4,270 $17,080
2018 $1,289 $19,360 $3,870 $15,490
2017 $1,251 $17,230 $3,440 $13,790
2016 $1,228 $15,130 $3,020 $12,110
2015 $1,154 $14,550 $2,910 $11,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5578550

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-014

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