NOT LISTED FOR SALE

1860 E Broadway Rd Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $953,735

-- Bed
3 Baths
1,630 Sq Ft
$585/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $900,000 $552 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,147/month

39 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of November 2022

Setting on over 1.5 acres of land in Mesa, these RM-2 zoned parcels have a great deal of upward potential. The current tenants are month to month in all units.
Parcels 138-02-106 & 138-02-107C are included in this sale.

Please call LA for details on the units, land use, rental income, and zoning.

Last Agent to Sell the Property

Dustin Olive

West USA Realty License #SA660566000 Listed on: 09/26/2022

West USA Realty

Last Buyer's Agent

Mizael Martinez

Coldwell Banker Realty License #SA576869000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.67

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 30 Open Parking Spaces
  • 31 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tax Lot C
  • Assessor Parcel Number 138-02-107-C

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 295.13 x 231.76

Building Details

  • Gross Income $78,000
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: Gilbert and Broadway Roads
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2022
  • Directions: Head S on Gilbert Road from US-60. Turn left on Broadway Road. Property on the North side of the road after Shouse Drive.
  • Road Surface Type: Gravel, Asphalt, Sidewalk(s)
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Other, Carport
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 31.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 31.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP, Master Meter
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 295.13 x 231.76
  • Additional Parcels: Yes
  • Parcel #: 138-02-107-C

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 78000.0
  • Property Net Operating Income: 65000.0

Tax Info

  • Tax Book Number: 138.00
  • Tax Lot: C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Nov 15, 2022
Sold by
Corporation Of The Pastor Of Christian T
Bought by
Iglesia Apostolica De La Fe En Cristo Jesus I
Seller's Agent
Dustin Olive
West USA Realty
Buyer's Agent
Mizael Martinez
Coldwell Banker Realty
List Price
$1,175,000
Sold Price
$900,000
Premium/Discount to List
-$275,000
-23.4%
Views
35
Current Estimated Value
$953,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,735
Avg. Annual Appreciation
1.83%
Original Mortgage
$640,000
Outstanding Balance
$623,230
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$324,932
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
Iglesia Apostolica De La Fe En Cristo Jesus I $900,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iglesia Apostolica De La Fe En Cristo Jesus I $640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $900,000 -23.4% $552 / Sq Ft
11/11/2022 11/11/22 Price Changed $1,175,000 0.0% $721 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $1,175,000 -- $721 / 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 -- $11,599 -- --
2024 $1,315 $11,047 -- --
2023 $1,315 $33,855 $6,765 $27,090
2022 $0 $26,730 $5,340 $21,390
2021 $0 $25,020 $4,995 $20,025
2020 $0 $25,020 $4,995 $20,025
2019 $0 $18,600 $3,720 $14,880
2018 $0 $17,520 $3,495 $14,025
2017 $0 $12,225 $2,445 $9,780
2016 $0 $9,615 $1,920 $7,695
2015 -- $9,600 $1,920 $7,680
Source: Public Records

Agents Affiliated with this Home

  • Dustin Olive

    Seller's Agent in 2022

    Dustin Olive

    West USA Realty

    (602) 942-4200

    1 in this area

    97 Total Sales

    Dustin Olive
    Section Image
  • Mizael Martinez

    Buyer's Agent in 2022

    Mizael Martinez

    Coldwell Banker Realty

    (602) 578-5600

    1 in this area

    69 Total Sales

    Mizael Martinez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6468771

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-02-107C

Arizona Maricopa County Mesa 85204 Reed Park

1860 E Broadway Rd, Mesa, AZ

This home is located at 1860 E Broadway Rd, Mesa, AZ 85204 since 26 September 2022 and is currently estimated at $953,735, approximately $585 per square foot. This property was built in 1951. 1860 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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