$217,500
SOLD DEC 5, 2015

1736 E Elton Ave Mesa, AZ 85204

Reed Park Neighborhood
-- Bed
-- Bath
3,900 Sq Ft
1963 Built

Recently Sold

$56 Per Sq Ft

4% Above List Price

2 Days on Market

Highlights

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

About This Home

As of March 2020

This is a turnkey investment property that has been personally managed & maintained for 13 years. ''Long term'', ''Real'' tenants that pay like clock work (since 2004 & 2009) & ''Maintain'' their units.
Since the purchase of this 4-plex, all units have updated kitchens, baths, new roof, AC's, landscaping installed & maintained. Property is individually metered for water & electric so tenant pays for water, sewer, trash & electric- saving you a minimum of $340 a month ($4080 annually) in ''FIXED'' utility expenses that you would pay with another property even if the apartment was vacant. If you are looking for a well maintained property without surprises, this is it!Landlord has maintained well over the years for the families that live there. They are looking for a like minded investor!

Last Agent to Sell the Property

Maggie Turner

Fathom Realty Elite License #SA555152000 Listed on: 11/10/2015

Fathom Realty Elite

Last Buyer's Agent

Robert Rudder

HomeSmart License #BR516004000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 1963

Lot Details

  • Property fronts an alley

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • 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

  • Gross Income $22,800
  • Net Operating Income $17,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,280

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
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2015
  • Directions: West on Gilbert to Williams, South on Williams to Elton Ave, East to property on north side of street
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: PARK MESA
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, 1 Space/Unit
  • 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 Features Free2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • 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
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 420.0

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • 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
  • Number Of Units Total: 4
  • Electric Expense: 216.0
  • Annual Gross Income: 22800.0
  • Insurance Expense: 1106.0
  • Property Net Operating Income: 17556.0

Tax Info

  • Tax Annual Amount: 1280.0
  • 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
Current Estimated Value
$724,751

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
11.08%
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
Fathom Realty Elite
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
13.18%

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
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Special Warranty Deed -- New Title Company Name
Warranty Deed $410,000 First American Title Ins Co
Warranty Deed -- None Available
Cash Sale Deed $217,500 First American Title Ins Co
Interfamily Deed Transfer -- Great American Title Agency
Joint Tenancy Deed $152,500 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed -- Stewart Title & Trust
Joint Tenancy Deed $86,000 United Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $307,500 New Conventional
Previous Owner $102,075 New Conventional
Previous Owner $114,370 Purchase Money Mortgage
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

    Section Image
  • Luis Espinoza

    Buyer's Agent in 2020

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    1 in this area

    129 Total Sales

    Section Image

  • M

    Seller's Agent in 2015

    Maggie Turner

    Fathom Realty Elite

    (602) 741-7889

    26 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5360811

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-015

Arizona Maricopa County Mesa 85204 Reed Park

1736 E Elton Ave, Mesa, AZ

This home is located at 1736 E Elton Ave, Mesa, AZ 85204 and is currently priced at $217,500, approximately $55 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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