NOT LISTED FOR SALE

1765 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $719,000 - $785,000

-- Bed
-- Bath
3,760 Sq Ft
$200/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $550,000 $146 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,077/month

4 Days on Market

Highlights

  • Central Heating and Cooling System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of October 2020

Fully-occupied 4-plex near the new light rail! Fresh exterior paint. Each unit is a spacious 2 bed/1 bath with washer-dryer hookups, private backyards, storage closets, and assigned parking. Units 1 and 2 have small balconies. Unit 3 and 4 have new interior paint, light fixtures, and carpet. Each unit is two stories so they do not have neighbors above them. No HOA and tenants pay own electricity. Owner pays water/sewer/trash. Well maintained and very easy to rent out.

Last Agent to Sell the Property

Julia Mckaskey

Realty ONE Group License #SA683237000 Listed on: 08/27/2020

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $996

Year Built

  • Built in 1984

Lot Details

  • 7,579

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 18
  • Assessor Parcel Number 138-69-124

Community Details

Overview

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

Building Details

  • Operating Expense $6,996
  • Gross Income $42,921
  • Net Operating Income $36,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$996

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: N Gilbert Road and E Main Street
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: West on Main St, North on Guthrie, to home on corner of Guthrie St and Pepper Cir.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Subdivision Name: PARADISE ESTATES OF MESA LOTS 1 THROUGH 18 TR ACT
  • Cooling:Ceiling Fan(s): 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: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • 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:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 138-69-124

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 42921.0
  • Property Net Operating Income: 36840.0
  • Annual Operating Expense: 6996.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 996.0
  • Tax Book Number: 138.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Oct 8, 2020
Sold by
Mckaskey Julia and Wooten Julia
Bought by
Ndtco
Seller's Agent
Julia Mckaskey
Realty ONE Group
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$752,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,117
Avg. Annual Appreciation
7.32%
Original Mortgage
$347,700
Outstanding Balance
$258,743
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$522,193

Purchase Details

Listed on
Jul 25, 2018
Closed on
Feb 19, 2019
Sold by
Momtaz Nasima
Bought by
Wooten Julia
Seller's Agent
Dennis Fedele
Keller Williams Realty East Valley
Buyer's Agent
Julia Mckaskey
Realty ONE Group
List Price
$449,900
Sold Price
$432,300
Premium/Discount to List
-$17,600
-3.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.71%
Original Mortgage
$424,175
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 8, 2016
Closed on
Feb 24, 2016
Sold by
Iqbal Zahid
Bought by
Momtaz Nasima
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Gustavo Toledo
neXGen Real Estate
List Price
$264,900
Sold Price
$251,900
Premium/Discount to List
-$13,000
-4.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.94%
Original Mortgage
$217,862
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2013
Sold by
Kahalas Jeremy L and Kahalas Jennifer
Bought by
Kahalas Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,800
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Eric Morga Enterprises Llc

Purchase Details

Closed on
Jan 9, 2009
Sold by
Meza Hydee
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jan 17, 2006
Sold by
Diaz Ivan Marin
Bought by
Meza Hyde

Purchase Details

Closed on
Oct 18, 2005
Sold by
Stiehr Mark D
Bought by
Meza Hydee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2005
Sold by
Stiehr Byna Gregory
Bought by
Stiehr Mark D

Purchase Details

Closed on
Feb 22, 2005
Sold by
Stiehr Byna Gregory
Bought by
Stiehr Mark D

Purchase Details

Closed on
Mar 2, 2004
Sold by
Vernon M Bradan and Vernon Amanda J
Bought by
Stiehr Mark D and Stiehr Byna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2000
Sold by
Slaughter Billy F and Slaughter Kay N
Bought by
Vernon M Bradan and Vernon Amanda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,855
Interest Rate
8.06%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Ndtco $550,000 First Integrity Ttl Agcy Of
Mckaskey Julia -- First Integrity Title Agency
Wooten Julia $432,300 Premier Title Agency
Momtaz Nasima -- Chicago Title Agency
Momtaz Nasima $251,900 Chicago Title Agency Inc
Kahalas Jennifer -- First American Title Insuran
Kahalas Jennifer $154,000 First American Title Insuran
Eric Morga Enterprises Llc $78,000 Great American Title Agency
Hsbc Bank Usa National Association $160,000 None Available
Meza Hyde -- First American Title Ins Co
Meza Hydee $350,000 First American Title Ins Co
Stiehr Mark D -- First American Title
Stiehr Mark D -- First American Title
Stiehr Mark D $207,500 Fidelity National Title
Vernon M Bradan $165,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndtco $347,700
Previous Owner Wooten Julia $424,175
Previous Owner Momtaz Nasima $217,862
Previous Owner Kahalas Jennifer $107,800
Previous Owner Meza Hydee $315,000
Previous Owner Stiehr Mark D $166,000
Previous Owner Vernon M Bradan $163,855
Closed Meza Hydee $17,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2020 10/14/20 Sold $550,000 0.0% $146 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $550,000 +27.2% $146 / Sq Ft
02/21/2019 02/21/19 Sold $432,300 -0.6% $115 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
12/27/2018 12/27/18 Price Changed $435,000 -1.1% $116 / Sq Ft
08/30/2018 08/30/18 Price Changed $439,900 -2.2% $117 / Sq Ft
07/25/2018 07/25/18 For Sale $449,900 +78.6% $120 / Sq Ft
03/03/2016 03/03/16 Sold $251,900 -4.9% $67 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $264,900 -- $70 / 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 $1,080 $11,006 -- --
2024 $1,089 $10,482 -- --
2023 $1,089 $53,610 $10,720 $42,890
2022 $1,067 $41,170 $8,230 $32,940
2021 $1,080 $32,420 $6,480 $25,940
2020 $1,066 $29,130 $5,820 $23,310
2019 $996 $22,860 $4,570 $18,290
2018 $956 $18,900 $3,780 $15,120
2017 $927 $15,810 $3,160 $12,650
2016 $910 $13,860 $2,770 $11,090
2015 $855 $12,210 $2,440 $9,770
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Julia Mckaskey

    Realty One Group

  • L

    Buyer's Agent in 2020

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    5 in this area

    96 Total Sales

    Larry Burr
    Section Image

  • D

    Seller's Agent in 2019

    Dennis Fedele

    Keller Williams Realty East Valley

    (602) 908-2136

    19 Total Sales

    Dennis Fedele
    Section Image

  • K

    Seller Co-Listing Agent in 2019

    Katrina Briddle

    Stratton Vantage Property Management

    Katrina Briddle
    Section Image

  • L

    Seller's Agent in 2016

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6123135

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-124

Arizona Maricopa County Mesa 85203 Reed Park

1765 E Pepper Cir, Mesa, AZ

This home is located at 1765 E Pepper Cir, Mesa, AZ 85203 since 27 August 2020 and is currently estimated at $752,117, approximately $200 per square foot. This property was built in 1984. 1765 E Pepper Cir is a home located in Maricopa County with nearby schools including Michael T. Hughes 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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