NOT LISTED FOR SALE

1850 N Spring -- Mesa, AZ 85203

North Center Neighborhood

Estimated Value: $786,315

10 Beds
10 Baths
3,400 Sq Ft
$231/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $690,000 $203 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,480/month

2 Days on Market

About This Home

As of June 2021

Cash flowing 4 plex with LARGE living spaces near the 202! All units have MAJOR upgrades since the owner last purchased, including marble counters in the kitchen and bath, recessed lighting, light fixtures and water fixtures. All units come with laundry room and hook ups. Three units have 3 bed/1 bath. One unit is 2 bed/1 bath. Owner covers sewer, water, and trash and HOA.

Last Listed By

Andrew LeBaron

LRA Real Estate Group, LLC License #SA689929000 Listed on: 06/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1984

Lot Details

  • 9,583

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Franklin West Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 136-24-110

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9,583

Building Details

  • Operating Expense $7,709
  • Gross Income $54,720
  • Net Operating Income $4,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,385

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • 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:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • 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: 3300.0

Schools

  • Elementary School: Franklin West Elementary
  • High School: Westwood High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 9,583
  • Additional Parcels: No
  • Parcel #: 136-24-110

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 54720.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 4500.0
  • Annual Operating Expense: 7709.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1385.0
  • Tax Book Number: 136.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jun 21, 2021
Sold by
Lebaron Chase M and Lebaron Kathi S
Bought by
Diep Tuong Tuan and Quach Susan
Seller's Agent
Andrew LeBaron
LRA Real Estate Group, LLC
Buyer's Agent
Andrew LeBaron
LRA Real Estate Group, LLC
List Price
$715,000
Sold Price
$690,000
Premium/Discount to List
-$25,000
-3.5%
Total Days on Market
2
Current Estimated Value
$786,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,315
Avg. Annual Appreciation
3.65%

Purchase Details

Closed on
Nov 25, 2015
Sold by
Lebaron Robert W
Bought by
Lebaron Kathi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,979
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2015
Sold by
Stacy Holdings West Llc
Bought by
Lebaron Chase M and Lebaron Kathi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,979
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 23, 2005
Sold by
Stacy Donald W and Stacy Dawn W
Bought by
Stacy Holdings West Llc

Purchase Details

Closed on
May 17, 2005
Sold by
Galvan Trinidad S
Bought by
Stacy Donald W and Stacy Dawn W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,375
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2004
Sold by
Galvan Maria
Bought by
Galvan Trinidad S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2004
Sold by
Eder Laurie A
Bought by
Galvan Trinidad S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2003
Sold by
Combs P Douglas
Bought by
Eder Laurie A

Purchase Details

Closed on
Jan 27, 2003
Sold by
Combs P Douglas
Bought by
Eder Laurie A

Purchase Details

Closed on
Sep 21, 1999
Sold by
Eder Laurie A
Bought by
Combs P Douglas and Eder Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
8.09%

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
Diep Tuong Tuan $690,000 Valleywide Title Agency Llc
Lebaron Kathi S -- Old Republic Title Agency
Lebaron Chase M $222,000 Old Republic Title Agency
Stacy Holdings West Llc -- --
Stacy Donald W $292,500 Fidelity National Title
Galvan Trinidad S -- Security Title Agency
Galvan Trinidad S $260,000 Security Title Agency
Eder Laurie A -- --
Eder Laurie A -- --
Eder Laurie A -- --
Spring Street Real Estate Llc -- --
Combs P Douglas -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lebaron Chase M $362,230
Previous Owner Lebaron Chase M $215,166
Previous Owner Lebaron Chase M $217,979
Previous Owner Stacy Donald W $219,375
Previous Owner Galvan Trinidad S $221,000
Previous Owner Galvan Trinidad S $221,000
Previous Owner Combs P Douglas $108,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Sold $690,000 0.0% $203 / Sq Ft
06/22/2021 06/22/21 Sold $690,000 -3.5% $199 / Sq Ft
06/01/2021 06/01/21 For Sale $715,000 0.0% $210 / Sq Ft
05/05/2021 05/05/21 For Sale $715,000 -- $206 / 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 $1,455 $14,825 -- --
2024 $1,467 $14,119 -- --
2023 $1,467 $50,860 $10,170 $40,690
2022 $1,382 $36,400 $7,280 $29,120
2021 $1,403 $28,930 $5,780 $23,150
2020 $1,385 $27,880 $5,570 $22,310
2019 $1,292 $23,400 $4,680 $18,720
2018 $1,238 $20,870 $4,170 $16,700
2017 $1,201 $15,280 $3,050 $12,230
2016 $1,179 $14,080 $2,810 $11,270
2015 $1,109 $12,660 $2,530 $10,130
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrew LeBaron

    LRA Real Estate Group, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6243980

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-110

Arizona Maricopa County Mesa 85201 North Center

1850 N Spring --, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1850 N Spring --, Mesa, AZ 85203 since 01 June 2021 and is currently priced at $786,315, approximately $231 per square foot. This property was built in 1984. 1850 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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