$251,900
SOLD MAR 3, 2016
-- Bed
-- Bath
3,760 Sq Ft
7,579 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

5% Below List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2020

Well maintained 4 plex with all 2 bedroom townhouse style units! Each unit has its own laundry room and individual rear yard. Located on the corner, the visibility is excellent! Just put out a sign and you have calls for residents wanting to rent! Valley Metro has a future planned extension of the Light Rail to Gilbert Road! Buyer to verify all items during the due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 01/08/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Gustavo Toledo

neXGen Real Estate License #SA660273000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $855

Year Built

  • Built in 1984

Home Design

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

Flooring

  • Wood Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

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 Lot 1 18 Tr A C Subdivision

Building Details

  • Operating Expense $7,955
  • Gross Income $28,386
  • Net Operating Income $20,391

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$855

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Gilbert & Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2015
  • Directions: West to Guthrie, North to Pepper Cir - on SWC of Guthrie and Pepper Cir.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: PARADISE ESTATES OF MESA LOT 1-18 TR A-C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: 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:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Electric
  • Heating: Individual, Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: 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
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: 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: 28386.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1750.0
  • Property Net Operating Income: 20391.0
  • Annual Operating Expense: 7955.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 855.0
  • 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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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
Warranty Deed $550,000 First Integrity Ttl Agcy Of
Interfamily Deed Transfer -- First Integrity Title Agency
Warranty Deed $432,300 Premier Title Agency
Interfamily Deed Transfer -- Chicago Title Agency
Warranty Deed $251,900 Chicago Title Agency Inc
Interfamily Deed Transfer -- First American Title Insuran
Warranty Deed $154,000 First American Title Insuran
Cash Sale Deed $78,000 Great American Title Agency
Trustee Deed $160,000 None Available
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $350,000 First American Title Ins Co
Interfamily Deed Transfer -- First American Title
Quit Claim Deed -- First American Title
Warranty Deed $207,500 Fidelity National Title
Warranty Deed $165,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $347,700 New Conventional
Previous Owner $424,175 FHA
Previous Owner $217,862 FHA
Previous Owner $107,800 New Conventional
Previous Owner $315,000 Purchase Money Mortgage
Previous Owner $166,000 New Conventional
Previous Owner $163,855 FHA
Closed $17,500 No Value Available
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5380140

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-124