NOT LISTED FOR SALE

1842 N Spring Mesa, AZ 85203

North Center Neighborhood

Estimated Value: $649,561 - $785,000

-- Bed
-- Bath
3,468 Sq Ft
$211/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $510,000 $147 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,061/month

4 Days on Market

Highlights

  • Sport Court
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of February 2021

North MESA Village 4 Plex, ALL 2bedroom1 bath units, 100% LEASED, NEW Roof, NEW Exterior Paint in 2020, GREAT condition, month to month leases, BELOW market rents, easy to INCREASE rental revenue, (2) lower units include PATIOS, Upper units include enclosed PATIO, ALL units include Washer & Dryer Hookups! Individually metered electricity, owner pays water, sewer & garbage ONLY. Located within North Mesa HOA, Proforma includes HOA fee. PRICED to sell! Drive by ONLY,
See PRIVATE REMARKS for OFFER Deadline

Last Agent to Sell the Property

Janet Love

Get Multifamily License #SA668148000 Listed on: 01/27/2021

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

Michael Searcy

Equity Arizona Real Estate, LLC License #BR681537000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,508

Year Built

  • Built in 1984

Lot Details

  • 9,148

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking
  • On-Street Parking

Schools

  • Franklin West Elementary School
  • Naco Elementary Middle School
  • Riverview High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 136-24-109

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9148 sf
  • North Mesa Village Subdivision

Recreation

  • Sport Court

Building Details

  • Operating Expense $15,229
  • Gross Income $33,032
  • Net Operating Income $18,593

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,508

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & McKellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: South on Mesa Dr, take first Left (Julep) then Right on N Spring. South to 1842.
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 3477.0
  • Co List Office Mls Id: gemu001
  • Co List Office Phone: 480-795-7938
  • Subdivision Name: NORTH MESA VILLAGE
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Sport Court: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Disposal, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Other, Paved, Add'l Parking Avail, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Sport Court, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 5220.0

Schools

  • Elementary School: Franklin West Elementary
  • High School: Riverview High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Naco Elementary School

Lot Info

  • Lot Size: 9148 sf
  • Additional Parcels: No
  • Parcel #: 136-24-109

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 33031.5
  • Insurance Expense: 1600.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 18593.0
  • Annual Operating Expense: 15229.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1508.0
  • Tax Book Number: 136.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
Feb 19, 2021
Sold by
Smith Kyle R and Nette Kathryn M
Bought by
Powers Carolyn O Brianbridge and The Powers Family Trust
Seller's Agent
Janet Love
Get Multifamily
Buyer's Agent
Michael Searcy
Equity Arizona Real Estate, LLC
List Price
$449,000
Sold Price
$510,000
Premium/Discount to List
$61,000
13.59%
Current Estimated Value
$712,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,467
Avg. Annual Appreciation
8.57%

Purchase Details

Closed on
Feb 27, 2006
Sold by
Coltrin Gregory M
Bought by
Smith Kyle R and Nette Kathryn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,800
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 8, 2005
Sold by
Buss Paul D and Buss Charlamae E
Bought by
Vorvick Philip N and The Buss 2005 Unitrust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2005
Sold by
Vorvick Philip N
Bought by
Mecham David G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2005
Sold by
Mecham David G
Bought by
Coltrin Gregory M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2005
Sold by
Buss Paul D and Buss Charlamae E
Bought by
Vorvick Philip N and The Buss 2005 Unitrust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 1996
Sold by
Herrera Grimaldo and Herrera Hilda
Bought by
Buss Paul D and Buss Charlamae E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,100
Interest Rate
8.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 1994
Sold by
Eder Lon A
Bought by
Herrera Grimaldo and Herrera Hilda
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Powers Carolyn O Brianbridge $510,000 Pioneer Title Agency Inc
Smith Kyle R $318,000 Transnation Title Ins Co
Vorvick Philip N -- Fidelity National Title
Mecham David G $215,000 Fidelity National Title
Coltrin Gregory M $290,000 Transnation Title
Vorvick Philip N -- --
Buss Paul D $130,900 Stewart Title & Trust
Herrera Grimaldo $110,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Kyle R $31,800
Previous Owner Smith Kyle R $254,400
Previous Owner Mecham David G $210,000
Previous Owner Coltrin Gregory M $232,000
Previous Owner Buss Paul D $98,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $510,000 +13.6% $147 / Sq Ft
02/20/2021 02/20/21 For Sale $449,000 0.0% $129 / Sq Ft
02/20/2021 02/20/21 Price Changed $449,000 0.0% $129 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $449,000 -- $129 / 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 $1,529 $15,578 -- --
2024 $1,542 $14,836 -- --
2023 $1,542 $51,870 $10,370 $41,500
2022 $1,510 $37,130 $7,420 $29,710
2021 $1,528 $29,470 $5,890 $23,580
2020 $1,508 $28,410 $5,680 $22,730
2019 $1,409 $24,400 $4,880 $19,520
2018 $1,353 $22,060 $4,410 $17,650
2017 $1,312 $16,160 $3,230 $12,930
2016 $1,288 $14,880 $2,970 $11,910
2015 $1,210 $13,180 $2,630 $10,550
Source: Public Records

Agents Affiliated with this Home

  • Janet Love

    Seller's Agent in 2021

    Janet Love

    Get Multifamily

    (480) 369-2369

    1 in this area

    13 Total Sales

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  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2021

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    1 in this area

    29 Total Sales

    Section Image
  • Michael Searcy

    Buyer's Agent in 2021

    Michael Searcy

    Equity Arizona Real Estate, LLC

    (480) 788-2025

    1 in this area

    50 Total Sales

    Section Image

  • B

    Buyer Co-Listing Agent in 2021

    Brooks Maschmeier

    RE/MAX

    (623) 203-3903

    1 in this area

    24 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6186496

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-109

Arizona Maricopa County Mesa 85201 North Center

1842 N Spring, Mesa, AZ

This home is located at 1842 N Spring, Mesa, AZ 85203 since 27 January 2021 and is currently estimated at $732,890, approximately $211 per square foot. This property was built in 1984. 1842 N Spring is a home located in Maricopa County with nearby schools including Lehi 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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