NOT LISTED FOR SALE

1849 E Broadway Rd Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $488,205 - $691,000

-- Bed
-- Bath
3,072 Sq Ft
$198/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $257,000 $84 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $3,509/month

52 Days on Market

Highlights

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

About This Home

As of May 2017

GREAT PROPERTY IN A GREAT LOCATION!!! ALL UNITS ARE 2 BEDROOM AND 1 BATH. ALL WITH LAUNDRY CONNECTION!!!

Last Listed By

Alma Magana

DeLex Realty License #SA582641000 Listed on: 03/03/2017

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,132

Year Built

  • Built in 1985

Lot Details

  • 6,316

Home Design

  • Wood Frame Construction
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 139-01-013-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $10,202
  • Gross Income $29,106
  • Net Operating Income $19,199

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,132

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: GILBERT AND BROADWAY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2016
  • Directions: From Gilbert and Broadway, Go west on Broadway, to the property. The rear building on the left hand side.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • 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

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Water Sewer Expense: 2731.6

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 139-01-013-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29106.0
  • Insurance Expense: 6338.0
  • Property Net Operating Income: 19198.84
  • Annual Operating Expense: 10201.6
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1132.0
  • Tax Book Number: 139.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2023
Sold by
Williams Scott
Bought by
1849 E Broadway Road Trust
Total Days on Market
52
Current Estimated Value
$607,051

Purchase Details

Listed on
Mar 3, 2017
Closed on
May 30, 2017
Sold by
Magana Francisco and Magana Gloria
Bought by
Williams Scott
Seller's Agent
Alma Magana
DeLex Realty
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$265,000
Sold Price
$257,000
Premium/Discount to List
-$8,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$193,125
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2017
Closed on
May 26, 2017
Sold by
Williams Tamara
Bought by
Williams Scott
Seller's Agent
Alma Magana
DeLex Realty
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$265,000
Sold Price
$257,000
Premium/Discount to List
-$8,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,125
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Magana Francisco and Magana Gloria

Purchase Details

Closed on
May 1, 2006
Sold by
Lingotam Mesa Properties Llc
Bought by
Kim Alice and Kim Alice W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2005
Sold by
Kundur Sridhar and Anabathula Radhakrishna
Bought by
Lingotam Mesa Properties Llc

Purchase Details

Closed on
Feb 19, 2005
Sold by
Sss & J Investments Llc
Bought by
Kundur Sridhar and Anabathula Radhakrishna

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
5.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2003
Sold by
Schwartz Sandford H and Schwartz Susan L
Bought by
Sss & J Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,800
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2003
Sold by
Brown Berwyn Scott
Bought by
Schwartz Sandford H and Schwartz Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,800
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2003
Sold by
Freitas Moroni and Freitas Rhoda
Bought by
Brown Berwyn Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,200
Interest Rate
5.89%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 1, 2002
Sold by
Freitas Moroni
Bought by
Freitas Moroni and Freitas Rhoda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.6%

Purchase Details

Closed on
Jul 25, 2000
Sold by
Prosper International Trust #10508 and Sinanan Laymas I
Bought by
Petersen Norman and Petersen Delores A

Purchase Details

Closed on
Jun 21, 2000
Sold by
Petersen Norman and Petersen Delores A
Bought by
Freitas Moroni

Purchase Details

Closed on
Sep 29, 1997
Sold by
Our Future Investments
Bought by
Prosper International Trust #10508

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
1849 E Broadway Road Trust -- None Listed On Document
Williams Scott $257,500 Clear Title Agency Of Arizon
Williams Scott -- Clear Title Agency Of Arizon
Magana Francisco $192,500 Servicelink
Kim Alice $325,000 First American Title Ins Co
Lingotam Mesa Properties Llc -- --
Kundur Sridhar $280,000 Capital Title Agency Inc
Sss & J Investments Llc -- Capital Title Agency Inc
Schwartz Sandford H $214,000 Capital Title Agency Inc
Brown Berwyn Scott $201,000 First American Title Ins Co
Freitas Moroni -- Security Title Agency
Petersen Norman -- First American Title
Freitas Moroni $147,500 First American Title
Prosper International Trust #10508 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Scott $301,700
Previous Owner Williams Scott $193,125
Previous Owner Kim Alice W $65,000
Previous Owner Kim Alice $260,000
Previous Owner Kundur Sridhar $210,000
Previous Owner Schwartz Sandford H $149,800
Previous Owner Brown Berwyn Scott $40,200
Previous Owner Brown Berwyn Scott $160,800
Previous Owner Freitas Moroni $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $257,000 -3.0% $84 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $265,000 -- $86 / 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 $1,344 $13,696 -- --
2024 $1,355 $13,044 -- --
2023 $1,355 $45,980 $9,190 $36,790
2022 $1,327 $36,650 $7,330 $29,320
2021 $1,344 $31,830 $6,360 $25,470
2020 $1,326 $29,480 $5,890 $23,590
2019 $1,239 $20,070 $4,010 $16,060
2018 $1,189 $18,480 $3,690 $14,790
2017 $1,154 $16,730 $3,340 $13,390
2016 $1,132 $15,830 $3,160 $12,670
2015 $1,064 $13,770 $2,750 $11,020
Source: Public Records

Agents Affiliated with this Home

  • Alma Magana

    Seller's Agent in 2017

    Alma Magana

    DeLex Realty

    (480) 273-9266

    6 Total Sales

    Alma Magana
    Section Image
  • Jason Bingham

    Buyer's Agent in 2017

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    2 in this area

    28 Total Sales

    Jason Bingham
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5569554

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-01-013C

Arizona Maricopa County Mesa 85204 Reed Park

1849 E Broadway Rd, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1849 E Broadway Rd, Mesa, AZ 85204 since 03 March 2017 and is currently estimated at $607,051, approximately $197 per square foot. This property was built in 1985. 1849 E Broadway Rd is a home located in Maricopa County with nearby schools including Longfellow 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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