NOT LISTED FOR SALE

Estimated Value: $695,784 - $787,000

-- Bed
-- Bath
3,760 Sq Ft
$199/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $435,000 $116 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,203/month

84 Days on Market

Highlights

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

About This Home

As of June 2018

Building next door just closed for $424k with lower rents and less upgrades - Back on mkt - Plug and Play - easy out-of-state owner/mgr investment opportunity. All rents are paid through the city sec 8 program (direct deposited into your account by the city each month). Rehabbed units/building with all new interior/exterior paint, and landscaping as well. Owner just pays the water/trash which averages $225/month. No HOA or landscape maintenance! The units are ''town house style'' meaning no tenants above or beneath. Units have washer/dryer hook-ups, private back yards, and 2nd level outdoor balconies from the master bedroom. Rents are $850, $878, $950 and $910! All units were recently inspected/audited by the city of Mesa and passed (prerequisite for tenants on the housing program).

Last Agent to Sell the Property

Jason Bingham

Distinguished Properties License #BR528229000 Listed on: 01/22/2018

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000 Listed on: 01/22/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 1984

Lot Details

  • 6,708

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 138-69-108

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Paradise Estates Of Mesa Lot 1 18 Tr A C Subdivision

Building Details

  • Operating Expense $5,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,700

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Gilbert rd. & Main st.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2016
  • Directions: west on Gilbert rd to Gutherie, north on Gutherie to Pepper,west to property
  • Road Surface Type: Asphalt
  • Subdivision Name: PARADISE ESTATES OF MESA LOT 1-18 TR A-C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: 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
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 138-69-108

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1000.0
  • Maintenance Expense: 600.0
  • Annual Operating Expense: 5700.0

Tax Info

  • Tax Annual Amount: 1700.0
  • Tax Book Number: 138.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2022
Sold by
Mckeon John
Bought by
Exoproperty Llc
Current Estimated Value
$744,849

Purchase Details

Closed on
Jul 26, 2022
Sold by
Mills Carl E and Mills Wilhemina
Bought by
Mckeon John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2022
Sold by
Mills and Wilhemina
Bought by
Mills Carl and Randolph-Mills Wilhemina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2019
Sold by
Mills Carl E and Randolph Mills Wilhemina
Bought by
Mills Carl E and Randolph Mills Wilhemina

Purchase Details

Listed on
Jan 22, 2018
Closed on
Jun 13, 2018
Sold by
Alajuela Llc
Bought by
Mills Carl and Randolph Mills Wilhemina
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$435,000
Sold Price
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$326,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2017
Sold by
Miller Lisa
Bought by
Miller Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,584
Interest Rate
3.93%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 27, 2017
Sold by
Zihua Llc and Milller Paul
Bought by
Alajuela Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,584
Interest Rate
3.93%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 26, 2010
Sold by
Yamaguchi Susumu J
Bought by
Zihua Llc and Miller Paul

Purchase Details

Closed on
Sep 29, 2005
Sold by
Yamaguchi Susumu James
Bought by
Yamaguchi Susumu James and The James Susumu Yamaguchi Trust

Purchase Details

Closed on
Jan 28, 2004
Sold by
Rowley Tyler and Rowley Emily
Bought by
Yamaguchi Susumu James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,458
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2000
Sold by
Figor Russell S and Figor Youm
Bought by
Rowley Tyler and Rowley Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,890
Interest Rate
8.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 1996
Sold by
Figor Russell S and Figor Youm
Bought by
Figor Russell S and Figor Youm
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 Buyer Sale Price Title Company
Exoproperty Llc -- --
Mckeon John $690,000 Great American Title
Randolph James Arnold -- Great American Title
Mills Carl -- None Listed On Document
Mills Carl E -- None Available
Mills Carl $435,000 Clear Title Agency Of Arizon
Miller Paul -- Clear Title Agency Of Arizon
Alajuela Llc $370,000 Clear Title Agency Of Arizon
Zihua Llc $65,200 Great American Title Agency
Yamaguchi Susumu James -- Lawyers Title Ins
Yamaguchi Susumu James $216,090 Lawyers Title Of Arizona Inc
Rowley Tyler $162,000 First American Title
Figor Russell S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckeon John $552,000
Previous Owner Mills Carl $326,250
Previous Owner Alajuela Llc $66,166
Previous Owner Alajuela Llc $216,584
Previous Owner Yamaguchi Susumu James $140,458
Previous Owner Rowley Tyler $160,890
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $435,000 0.0% $116 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $435,000 0.0% $116 / Sq Ft
04/06/2018 04/06/18 Price Changed $435,000 +2.4% $116 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
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 $52,870 $10,570 $42,300
2022 $1,050 $40,630 $8,120 $32,510
2021 $1,063 $31,860 $6,370 $25,490
2020 $1,049 $28,630 $5,720 $22,910
2019 $980 $22,580 $4,510 $18,070
2018 $941 $18,700 $3,740 $14,960
2017 $913 $15,660 $3,130 $12,530
2016 $896 $13,670 $2,730 $10,940
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: 5712615

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-108