NOT LISTED FOR SALE

Estimated Value: $498,635 - $731,000

-- Bed
-- Bath
3,074 Sq Ft
$201/Sq Ft Est. Value

Last Sold July 15, 2014

Last sale price $220,000 $72 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $3,380/month

82 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2014

NEWLY REFRESHED 4 PLEX! 100% OCCUPIED, EACH UNIT IS A 2/1, 768 sf each with New Stove, New Tile in 3 of the units, Carpet, Paint, and 4 NEW A/C Units in last Year. Unit 2 has new carpet, paint, bath vanity and more. NO HOA! RENT'S ARE changing to $535 PER MONTH for three units and $525 for other unit. Units have nice private fenced area off each Unit. Corner lot with huge income potential. Each Unit has its own private storage rooms and there is a onsite Washer / Dryer room that produces an additional $70 Income per month average. Great income property!

Last Agent to Sell the Property

Scott Goodrich

Meridian Elite Properties License #BR531186000 Listed on: 03/25/2014

Last Buyer's Agent

Eric Dixon

On Q Property Management License #BR627731000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $912

Year Built

  • Built in 1979

Lot Details

  • 0.25

Home Design

  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Whitman Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 136-23-281

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Old West Valley Subdivision

Building Details

  • Operating Expense $9,093
  • Gross Income $24,757
  • Net Operating Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$912

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: McKellips / Center
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2013
  • Directions: South of McKellips Rd to corner of Jamine st and Center Rd
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2520.0
  • Subdivision Name: Old West Valley
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: 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: 3767.0

Schools

  • Elementary School: Whitman Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 136-23-281

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 505.0
  • Annual Gross Income: 24757.0
  • Insurance Expense: 854.0
  • Property Net Operating Income: 17400.0
  • Annual Operating Expense: 9093.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 912.0
  • Tax Book Number: 136.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2018
Sold by
Parker Yekaterina and Parker Marc
Bought by
Parker Marc
Current Estimated Value
$618,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2014
Closed on
Jul 7, 2014
Sold by
Gard Keith and Gard Sieglinde
Bought by
Parker Marc and Parker Yekaterina
Seller's Agent
Scott Goodrich
Meridian Elite Properties
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$165,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2012
Sold by
Gard Sieglinda
Bought by
Gard Keith and Gard Sieglinde

Purchase Details

Closed on
Feb 24, 2000
Sold by
Rose Theodore E and Rose Maria I
Bought by
Rose Theodore E and Rose Maria I
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
Parker Marc -- Pioneer Title Agency Inc
Parker Marc $220,000 Pioneer Title Agency Inc
Gard Keith $105,000 Clear Title Agency Of Arizon
Rose Theodore E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parker Marc $225,000
Closed Parker Marc $307,300
Closed Parker Marc $199,500
Closed Parker Marc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2014 07/15/14 Sold $220,000 -3.9% $72 / Sq Ft
06/15/2014 06/15/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $229,000 -- $74 / 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 $1,380 $14,055 -- --
2024 $1,391 $13,385 -- --
2023 $1,391 $45,050 $9,010 $36,040
2022 $1,362 $35,680 $7,130 $28,550
2021 $1,379 $29,250 $5,850 $23,400
2020 $1,361 $26,110 $5,220 $20,890
2019 $1,271 $21,620 $4,320 $17,300
2018 $1,220 $19,230 $3,840 $15,390
2017 $1,184 $16,950 $3,390 $13,560
2016 $1,162 $16,300 $3,260 $13,040
2015 $1,092 $14,120 $2,820 $11,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5089783

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-281