NOT LISTED FOR SALE

Estimated Value: $706,000 - $812,652

-- Bed
-- Bath
3,516 Sq Ft
$219/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $555,000 $158 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,435/month

1 Day on Market

Highlights

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

About This Home

As of March 2020

Great Cash Flow! Each Unit is a large 2 bedroom 1 bathroom with inside laundry hookups. New roof in 2020. New HVAC in 2017. Updated in 2014 with new tile, cabinets, granite countertops, new hot water heaters. Rents currently as follows on Month to Month lease. Unit A $950 Unit B $900 Unit C $995 Unit D $995 Rent increases are overdue and can be implemented immediately. Individual Electric meters where tenant pays electric. Owner pays water, sewer and trash. High visibility on Broadway Road across from Elementary School. Always rented.

Last Listed By

Jennifer Utter

HomeSmart License #SA647096000 Listed on: 02/21/2020

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,279

Year Built

  • Built in 1962

Lot Details

  • 9,540

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 139-54-026

Community Details

Overview

  • 4 Units
  • Building Dimensions are 73 x 130
  • Park Mesa Subdivision

Building Details

  • Operating Expense $1,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,279

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Broadway and Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2019
  • Directions: Go West on Broadway from Gilbert Road, Property on South side of street
  • Road Surface Type: Alley
  • Subdivision Name: PARK MESA
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, City Electric
  • Cooling: Electric, Ceiling Fan(s)
  • 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

Schools

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

Lot Info

  • Lot Size: 73 x 130
  • Additional Parcels: No
  • Parcel #: 139-54-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1279.0

Tax Info

  • Tax Annual Amount: 1279.0
  • Tax Book Number: 139.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2020
Sold by
Benedict Donovan M
Bought by
Dncbee Llc
Total Days on Market
1
Current Estimated Value
$771,663

Purchase Details

Listed on
Feb 21, 2020
Closed on
Mar 27, 2020
Sold by
Tw2 Properties Llc
Bought by
Benedict Donovan M
Seller's Agent
Jennifer Utter
HomeSmart
Buyer's Agent
Jose Curiel
My Home Group Real Estate
List Price
$545,000
Sold Price
$555,000
Premium/Discount to List
$10,000
1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,947
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2014
Sold by
Barber Clifford L
Bought by
Tw2 Properties Llc

Purchase Details

Closed on
Aug 5, 2013
Sold by
Barber Diane
Bought by
Barber Clifford L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,164
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2013
Sold by
Gomez Sebastian and Ramirez Elvira
Bought by
Tw2 Properties Llc

Purchase Details

Closed on
Sep 20, 2001
Sold by
Biggs Samuel J B and Biggs Sheila R
Bought by
Gomez Sebastian and Gomez Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2000
Sold by
Biggs Samuel J B and Biggs Sheila R
Bought by
Biggs Samuel J B and Biggs Sheila R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,700
Interest Rate
7.86%

Purchase Details

Closed on
May 4, 2000
Sold by
Biggs Samuel and Biggs Sheila R
Bought by
Biggs Samuel J B and Biggs Sheila R

Purchase Details

Closed on
Dec 24, 1998
Sold by
Crandall James M
Bought by
Biggs Samuel and Biggs Sheila R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,200
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 1997
Sold by
Cadena Angel and Cadena Carol
Bought by
Contreras Rudolpho and Contreras Gloria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.54%

Purchase Details

Closed on
Sep 23, 1997
Sold by
Cadena Angel and Cadena Carol
Bought by
Crandell James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.54%

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
Dncbee Llc -- Accommodation
Benedict Donovan M $555,000 Driggs Title Agency Inc
Tw2 Properties Llc -- None Available
Barber Clifford L -- Security Title Agency
Barber Clifford L -- Security Title Agency
Tw2 Properties Llc $158,806 None Available
Gomez Sebastian $176,000 Security Title Agency
Biggs Samuel J B -- Transnation Title Insurance
Biggs Samuel J B -- Transnation Title Insurance
Biggs Samuel J B -- --
Biggs Samuel $124,743 Transnation Title Ins Co
Crandell James M -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benedict Donovan M $544,947
Previous Owner Tw2 Properties Llc $2,395,035
Previous Owner Barber Clifford L $111,164
Previous Owner Gomez Sebastian $173,000
Previous Owner Gomez Sebastian $175,000
Previous Owner Gomez Sebastian $140,800
Previous Owner Biggs Samuel J B $110,700
Previous Owner Biggs Samuel $112,200
Previous Owner Crandell James M $81,000
Closed Gomez Sebastian $35,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $555,000 +1.8% $158 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $545,000 -- $155 / 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 $1,388 $14,144 -- --
2024 $1,400 $13,471 -- --
2023 $1,400 $49,610 $9,920 $39,690
2022 $1,371 $32,720 $6,540 $26,180
2021 $1,388 $26,580 $5,310 $21,270
2020 $1,370 $24,350 $4,870 $19,480
2019 $1,279 $20,550 $4,110 $16,440
2018 $1,228 $18,460 $3,690 $14,770
2017 $1,191 $16,410 $3,280 $13,130
2016 $1,169 $14,430 $2,880 $11,550
2015 $1,099 $14,060 $2,810 $11,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6040502

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-026