NOT LISTED FOR SALE

Estimated Value: $680,298 - $775,000

-- Bed
-- Bath
3,760 Sq Ft
$194/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $615,000 $164 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,049/month

3 Days on Market

Highlights

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

About This Home

As of August 2021

Perfect investor 4 plex with all rented well maintained units in the up and coming down town Mesa. Building features 4, 2 bedroom 1 bath townhome style units and is rented out with the average tenant payment at $1,030 and rare short turnover. The building is freshly painted with light remodels and offers tenants a desired townhome style living, with no units above or below each other, all side by side. Each unit has it's own gated patio. The complex is a 5 minute walk to the growing light rail line stop.

Last Agent to Sell the Property

Michael Smith

CPA Advantage Realty, LLC License #SA687356000 Listed on: 06/30/2021

Last Buyer's Agent

John McKeon

Better Homes & Gardens Real Estate SJ Fowler License #SA639978000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,049

Year Built

  • Built in 1984

Lot Details

  • 6,752

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Metal Construction or Metal Frame
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 138-69-111

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6743
  • Paradise Estates Of Mesa Lots 1 Through 18 Tr Act Subdivision

Building Details

  • Operating Expense $7,304
  • Net Operating Income $49,434

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,049

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: GILBERT RD AND MAIN ST
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: West on Main St north on Guthrie St, west on Pepper Circle building to the right.
  • Road Surface Type: Gravel
  • Subdivision Name: PARADISE ESTATES OF MESA LOTS 1 THROUGH 18 TR ACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Metal, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: 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:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 3255.0

Lot Info

  • Lot Size: 6743
  • Additional Parcels: No
  • Parcel #: 138-69-111

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Insurance Expense: 2000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 49434.0
  • Annual Operating Expense: 7304.0

Tax Info

  • Tax Annual Amount: 1049.0
  • Tax Book Number: 138.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Mckeon Nastasha
Bought by
Mckeon John and Mckeon Nastasha
Current Estimated Value
$728,075

Purchase Details

Closed on
Dec 28, 2022
Sold by
Mckeon John
Bought by
Mckeon Nastasha

Purchase Details

Listed on
Jun 30, 2021
Closed on
Aug 2, 2021
Sold by
Z Industries Llc
Bought by
Mckeon John and Mckeon Nastasha
Seller's Agent
Michael Smith
CPA Advantage Realty, LLC
Buyer's Agent
John McKeon
Better Homes & Gardens Real Estate SJ Fowler
List Price
$615,000
Sold Price
$615,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$492,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2018
Closed on
Mar 22, 2018
Sold by
Alajuela Llc
Bought by
Z Industries Llc
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Joshua Pope
Aurumys
List Price
$425,000
Sold Price
$424,000
Premium/Discount to List
-$1,000
-0.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.56%
Original Mortgage
$301,000
Interest Rate
4.32%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 29, 2017
Sold by
1736 E Pepper Llc
Bought by
Bingham Jason

Purchase Details

Closed on
Dec 21, 2012
Sold by
Shreeve Daniel A and Miller Paul E
Bought by
1736 E Pepper Llc

Purchase Details

Closed on
Aug 10, 2009
Sold by
Miller Lisa
Bought by
Miller Paul

Purchase Details

Closed on
Aug 3, 2009
Sold by
Shreeve Susan
Bought by
Shreeve Daniel A

Purchase Details

Closed on
May 21, 2009
Sold by
Aparicio Carlos and Aparicio Veronica
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Jan 30, 2006
Sold by
Aparicio Carlos and Aparicio Veronica
Bought by
Aparicio Carlos and Aparicio Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2005
Sold by
Denison Christopher
Bought by
Aparicio Carlos and Aparicio Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 1998
Sold by
Lesueur Larry D and King Norman O
Bought by
Denison Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,100
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1998
Sold by
Lesueur Adele
Bought by
Lesueur Larry D
Source: Public Records

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
Mckeon John -- --
Mckeon Nastasha -- --
Mckeon John $615,000 Great American Ttl Agcy Inc
Z Industries Llc $424,000 Clear Title Agency Of Arizon
Bingham Jason $240,000 North American Title Company
1736 E Pepper Llc $78,000 None Available
Miller Paul -- First American Title Ins Co
Shreeve Daniel A -- First American Title Ins Co
Shreeve Daniel A $78,000 First American Title Ins Co
Gmac Mortgage Llc $119,000 Security Title Agency
Aparicio Carlos -- None Available
Aparicio Carlos $275,000 Stewart Title & Trust Of Pho
Denison Christopher $123,500 Transnation Title Ins Co
Lesueur Larry D -- Transnation Title Insurance
King Norman O -- Transnation Title Insurance
Lesueur Larry D $122,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckeon John $492,000
Previous Owner Z Industries Llc $301,000
Previous Owner Aparicio Carlos $280,000
Previous Owner Aparicio Carlos $220,000
Previous Owner Denison Christopher $111,100
Closed Aparicio Carlos $27,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $615,000 0.0% $164 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $615,000 +45.0% $164 / Sq Ft
03/26/2018 03/26/18 Sold $424,000 -0.2% $113 / Sq Ft
02/08/2018 02/08/18 For Sale $425,000 0.0% $113 / Sq Ft
01/27/2018 01/27/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $425,000 -- $113 / 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 $1,064 $10,837 -- --
2024 $1,072 $10,321 -- --
2023 $1,072 $52,910 $10,580 $42,330
2022 $1,050 $40,660 $8,130 $32,530
2021 $1,063 $31,900 $6,380 $25,520
2020 $1,049 $28,670 $5,730 $22,940
2019 $980 $22,600 $4,520 $18,080
2018 $941 $18,710 $3,740 $14,970
2017 $913 $15,670 $3,130 $12,540
2016 $896 $13,680 $2,730 $10,950
2015 $842 $12,080 $2,410 $9,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6258041

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-111