NOT LISTED FOR SALE

1860 E Broadway Rd Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $950,418

3 Beds
3 Baths
1,630 Sq Ft
$583/Sq Ft Est. Value

Sale Details

Date Sold: November 14, 2022

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

Est. 6% increase in value since last sale

Current estimated payment $5,329 / mo

39 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • 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

Last Buyer's Agent

Mizael Martinez

Coldwell Banker Realty License #BR576869000

Coldwell Banker Realty
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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 Meter
  • 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

0.67 Acres

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
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
30
Current Estimated Value
$950,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,418
Avg. Annual Appreciation
1.44%
Original Mortgage
$640,000
Outstanding Balance
$614,077
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$336,341
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Reed Park, AZ

  • Beris Godinez Real Estate Agent - Realty ONE Group

    Beris Godinez

    Responds Quickly

    Realty ONE Group

    (480) 660-4728

    33 Total Sales

    2 in Reed Park

    $365K - $400K Price Range

    Beris Godinez
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  • Sandy Lemley Real Estate Agent - West USA Realty

    Sandy Lemley

    West USA Realty

    (623) 263-1757

    47 Total Sales

    1 in Reed Park

    $1,215,000 Price

    Sandy Lemley
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  • Mizael Martinez Real Estate Agent - Coldwell Banker Realty

    Mizael Martinez

    Responds Quickly

    Coldwell Banker Realty

    (623) 263-4174

    50 Total Sales

    1 in Reed Park

    $900,000 Price

    Mizael Martinez
     Section Image
  • Rich Giddings Real Estate Agent - Model Perfect Homes

    Rich Giddings

    Model Perfect Homes

    (623) 257-5482

    71 Total Sales

    2 in Reed Park

    $375K - $390K Price Range

    Rich Giddings
     Section Image
  • Norma Millett Real Estate Agent - HomeSmart

    Norma Millett

    HomeSmart

    (623) 263-1685

    31 Total Sales

    1 in Reed Park

    $361,000 Price

    Norma Millett
     Section Image
  • Caroline Torres Real Estate Agent - eXp Realty

    Caroline Torres

    eXp Realty

    (480) 428-3793

    33 Total Sales

    1 in Reed Park

    $442,000 Price

    Caroline Torres
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$900,000 Old Republic Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $640,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • DO

    Seller's Agent in 2022

    Dustin Olive

    West USA Realty

  • Mizael Martinez Real Estate Agent - Coldwell Banker Realty

    Buyer's Agent in 2022

    Mizael Martinez

    Coldwell Banker Realty

    (602) 578-5600

    1 in this area

    50 Total Sales

    Mizael Martinez
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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

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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