NOT LISTED FOR SALE

1766 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $732,036 - $795,000

-- Bed
-- Bath
3,760 Sq Ft
$203/Sq Ft Est. Value

Last Sold December 28, 2020

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

Est. 39% increase in value since last sale

Current estimated payment $4,131/month

6 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2020

SJ Fowler is excited to present this cared for Seller managed property. Long term Seller owned, this fourplex offers updated interiors. Long term tenants, and Huge 960 sf units in a long standing and improving community and area! 1 minute walk to the light rail, Right in the downtown area. Perfect location for tenants, investor or potential live in owner. Property will move fast!

Last Agent to Sell the Property

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler Listed on: 11/04/2020

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler Listed on: 11/04/2020

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,078

Year Built

  • Built in 1984

Lot Details

  • 8,407

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco
  • Adobe

Flooring

  • Wood Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 138-69-107

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Paradise Estates Of Mesa Lots 1 Through 18 Tr Act Subdivision

Building Details

  • Operating Expense $11,800
  • Gross Income $49,020
  • Net Operating Income $37,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,078

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3921.6
  • Subdivision Name: PARADISE ESTATES OF MESA LOTS 1 THROUGH 18 TR ACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Adobe, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Construction:Adobe: 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:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 138-69-107

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 49020.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 37220.4
  • Annual Operating Expense: 11799.6
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1078.0
  • Tax Book Number: 138.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2020
Closed on
Dec 14, 2020
Sold by
Cote Chuck
Bought by
Mckeon John Joseph
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Current Estimated Value
$762,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,009
Avg. Annual Appreciation
6.85%
Original Mortgage
$540,038
Outstanding Balance
$485,204
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$268,209

Purchase Details

Closed on
May 14, 2009
Sold by
Cote Lynn Marie
Bought by
Cote Chuck

Purchase Details

Closed on
Feb 13, 2009
Sold by
Garcia Richard T and Garcia Ana R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 13, 2006
Sold by
Garcia Richard T and Garcia Ana R
Bought by
Putzal Three Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 6, 2005
Sold by
Garcia Richard T
Bought by
Garcia Richard T and Garcia Ana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2004
Sold by
Garcia Ana R
Bought by
Garcia Richard T

Purchase Details

Closed on
Jul 25, 2001
Sold by
Sanchez Leroy L and Sanchez Bertha M
Bought by
Vanvanhuynh Tho Van and Huynh Minh Thi Mai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2000
Sold by
Nielsen Bruce and Nielsen Joyce
Bought by
Sanchez Leroy L and Sanchez Bertha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 1998
Sold by
Salcido Alfred R and Salcido Sandra A
Bought by
Nielson Bruce and Nielson Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
7.17%
Mortgage Type
New Conventional
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
Mckeon John Joseph $550,000 Pioneer Title Agency Inc
Cote Chuck -- Lawyers Title Of Arizona Inc
Cote Chuck $79,100 Lawyers Title Of Arizona Inc
Federal National Mortgage Association $226,540 First American Title
Putzal Three Llc -- None Available
Garcia Richard T -- Capital Title Agency Inc
Garcia Richard T -- Security Title Agency
Garcia Richard T -- Security Title Agency
Vanvanhuynh Tho Van $200,000 First American Title
Sanchez Leroy L $160,000 Security Title Agency
Nielson Bruce $136,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeon John Joseph $540,038
Previous Owner Putzal Three Llc $50,000
Previous Owner Garcia Richard T $221,250
Previous Owner Vanvanhuynh Tho Van $120,000
Previous Owner Sanchez Leroy L $105,000
Previous Owner Nielson Bruce $108,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $550,000 -4.3% $146 / Sq Ft
11/03/2020 11/03/20 For Sale $575,000 -- $153 / 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 $1,093 $11,138 -- --
2024 $1,102 $10,608 -- --
2023 $1,102 $54,210 $10,840 $43,370
2022 $1,079 $41,620 $8,320 $33,300
2021 $1,093 $32,880 $6,570 $26,310
2020 $1,078 $29,550 $5,910 $23,640
2019 $1,007 $23,080 $4,610 $18,470
2018 $967 $19,050 $3,810 $15,240
2017 $938 $15,920 $3,180 $12,740
2016 $921 $14,010 $2,800 $11,210
2015 $865 $12,310 $2,460 $9,850
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lee Garner

    Better Homes & Gardens Real Estate SJ Fowler

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6155771

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-107

Arizona Maricopa County Mesa 85203 Reed Park

1766 E Pepper Cir, Mesa, AZ

This home is located at 1766 E Pepper Cir, Mesa, AZ 85203 since 04 November 2020 and is currently estimated at $762,009, approximately $202 per square foot. This property was built in 1984. 1766 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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