NOT LISTED FOR SALE

1736 E Elton Ave Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $604,451 - $763,000

8 Beds
-- Bath
3,900 Sq Ft
$178/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $410,000 $105 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,016/month

11 Days on Market

Highlights

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

About This Home

As of March 2020

THREE (3) 4-PLEXES AVAILABLE AND MUST BE SOLD TOGETHER. Additional 4-Plexes are 514 S. Bellview (MLS #6025492) and 718 S. Horne (MLS #6025496). Super Location Near Freeway and Downtown Mesa, Easy Light Rail Access and Many Amenities. Newly Re-engineered Pioneer Park as well as all the New Development Along Main Street. Property has been professionally managed with very minimal deferred maintenance. Very Large Units. Solid Block Building. Woefully low rental rates that need to be increased. Property is individually metered for water so tenant pays for ALL utilities including water, sewer, trash. PLEASE DO NOT DISTURB ANY TENANTS!! No Sign on Property. This is a 1031 Exchange...note this in any offers. INSPECTION OF PROPERTY ONLY AFTER ACCEPTED OFFER.

Last Listed By

Robert Rudder

HomeSmart License #BR516004000 Listed on: 01/17/2020

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,490

Year Built

  • Built in 1963

Lot Details

  • 8,886

Home Design

  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Schools

  • Longfellow Elementary School
  • Poston Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for landscaping
  • Tax Lot 15
  • Assessor Parcel Number 139-54-015

Community Details

Overview

  • 4 Units
  • Building Dimensions are 76 X 122
  • Park Mesa Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $7,170
  • Gross Income $24,480
  • Net Operating Income $17,413

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,490

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Gilbert & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2019
  • Directions: West on Gilbert to Williams, South on Williams to Elton Ave, East to property on north side of street.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Alley
  • Subdivision Name: PARK MESA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Other, See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 76 X 122
  • Additional Parcels: No
  • Parcel #: 139-54-015

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 680.0
  • Annual Gross Income: 24480.0
  • Insurance Expense: 1100.0
  • Maintenance Expense: 1700.0
  • Property Net Operating Income: 17413.0
  • Annual Operating Expense: 7170.0

Tax Info

  • Tax Annual Amount: 1490.0
  • Tax Book Number: 139.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2022
Sold by
Savolainen and Jie
Bought by
Tansaniittiproperties Llc
Total Days on Market
11
Current Estimated Value
$693,363

Purchase Details

Listed on
Jan 17, 2020
Closed on
Jan 30, 2020
Sold by
Glohanancock Llc
Bought by
Savolainen Kimmo and Liu Jie
Seller's Agent
Robert Rudder
HomeSmart
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$405,000
Sold Price
$410,000
Premium/Discount to List
$5,000
1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.49%
Original Mortgage
$307,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2016
Sold by
Sullivan Delbert Vicente and Sullivan Carol Louvina
Bought by
Glohancock Llc

Purchase Details

Listed on
Nov 10, 2015
Closed on
Nov 17, 2015
Sold by
Turner James A and Turner Margaret L
Bought by
The Delbert Vicente Sullivan & Carol Lou
Seller's Agent
Maggie Turner
Realty Executives
Buyer's Agent
Robert Rudder
HomeSmart
List Price
$210,000
Sold Price
$217,500
Premium/Discount to List
$7,500
3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.90%

Purchase Details

Closed on
Oct 27, 2011
Sold by
Turner Margaret L and Turner James A
Bought by
Turner James A and Turner Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,075
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2002
Sold by
Fennell Darin
Bought by
Turner James A and Turner Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,370
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2000
Sold by
Slone Stacy L
Bought by
Lenard Sue A and Slone Stacey L

Purchase Details

Closed on
Jan 19, 1999
Sold by
Lenard Sue A
Bought by
Slone Stacey L

Purchase Details

Closed on
Oct 6, 1997
Sold by
Fennell Dana L
Bought by
Fennell Darin

Purchase Details

Closed on
Mar 5, 1997
Sold by
Lenard Sue A
Bought by
Lenard Sue A and Slone Stacey L

Purchase Details

Closed on
Nov 22, 1994
Sold by
Roit Brian and Roit Paul
Bought by
Fennell Darin and Fennell Dana

Purchase Details

Closed on
Nov 29, 1978
Sold by
Gilreath James R and Gilreath Betty R
Bought by
Roit Joseph and Roit Evelyn

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
Tansaniittiproperties Llc -- New Title Company Name
Savolainen Kimmo $410,000 First American Title Ins Co
Glohancock Llc -- None Available
The Delbert Vicente Sullivan & Carol Lou $217,500 First American Title Ins Co
Turner James A -- Great American Title Agency
Turner James A $152,500 Chicago Title Insurance Co
Lenard Sue A -- --
Slone Stacey L -- --
Fennell Darin -- --
Lenard Sue A -- --
Fennell Darin -- Stewart Title & Trust
Roit Joseph $86,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savolainen Kimmo $350,000
Previous Owner Savolainen Kimmo $307,500
Previous Owner Turner James A $102,075
Previous Owner Turner James A $114,370
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $410,000 0.0% $105 / Sq Ft
01/27/2020 01/27/20 Price Changed $410,000 +1.2% $105 / Sq Ft
01/17/2020 01/17/20 For Sale $405,000 +86.2% $104 / Sq Ft
12/05/2015 12/05/15 Sold $217,500 +3.6% $56 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $210,000 -- $54 / 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 $1,617 $16,471 -- --
2024 $1,630 $15,686 -- --
2023 $1,630 $52,120 $10,420 $41,700
2022 $1,596 $35,100 $7,020 $28,080
2021 $1,616 $28,170 $5,630 $22,540
2020 $1,595 $25,750 $5,150 $20,600
2019 $1,490 $22,550 $4,510 $18,040
2018 $1,430 $20,510 $4,100 $16,410
2017 $1,387 $19,020 $3,800 $15,220
2016 $1,362 $16,770 $3,350 $13,420
2015 $1,280 $16,200 $3,240 $12,960
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Robert Rudder

    HomeSmart

    (623) 889-7100

    6 Total Sales

    Robert Rudder
    Section Image
  • Luis Espinoza

    Buyer's Agent in 2020

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    1 in this area

    134 Total Sales

    Luis Espinoza
    Section Image

  • M

    Seller's Agent in 2015

    Maggie Turner

    Realty Executives

    (602) 741-7889

    22 Total Sales

    Maggie Turner
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6025498

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-015

Arizona Maricopa County Mesa 85204 Reed Park

1736 E Elton Ave, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1736 E Elton Ave, Mesa, AZ 85204 since 17 January 2020 and is currently estimated at $693,363, approximately $177 per square foot. This property was built in 1963. 1736 E Elton Ave 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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