NOT LISTED FOR SALE

1861 N Spring Mesa, AZ 85203

North Center Neighborhood

Estimated Value: $734,000 - $787,000

4 Beds
-- Bath
3,468 Sq Ft
$220/Sq Ft Est. Value

Last Sold January 12, 2018

Last sale price $274,550 $79 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $4,123/month

9 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of January 2018

Fully occupied 4-plex in north central Mesa all 2 bedroom 1 bath units long term tenants. Washer Dryer hookups and patios. All facts and figures approximate buyer to verify to their satisfaction.

Last Agent to Sell the Property

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 11/29/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1984

Lot Details

  • 6,970

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 21
  • Assessor Parcel Number 136-24-125

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6970
  • North Mesa Village Lot 1 30 Subdivision

Building Details

  • Operating Expense $8,893
  • Gross Income $25,872
  • Net Operating Income $16,979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,269

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: NORTH MESA VILLAGE LOT 1-30
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: 6970
  • Additional Parcels: No
  • Parcel #: 136-24-125

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 25872.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 16979.0
  • Annual Operating Expense: 8893.0

Tax Info

  • Tax Annual Amount: 1269.0
  • Tax Book Number: 136.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2022
Sold by
Anderson and Carla
Bought by
Garcia Sean A
Current Estimated Value
$763,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,792
Outstanding Balance
$625,602
Interest Rate
4.72%
Mortgage Type
FHA
Estimated Equity
$137,634

Purchase Details

Closed on
May 17, 2022
Sold by
Anderson and Carla
Bought by
Garcia Sean A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,792
Outstanding Balance
$625,602
Interest Rate
4.72%
Mortgage Type
FHA
Estimated Equity
$137,634

Purchase Details

Closed on
Jun 9, 2020
Sold by
Williams Tyler
Bought by
Anderson Nathan and Anderson Carla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2017
Closed on
Jan 9, 2018
Sold by
Herlihy George
Bought by
Williams Tyler
Seller's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$270,000
Sold Price
$274,550
Premium/Discount to List
$4,550
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.69%
Original Mortgage
$205,912
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2009
Sold by
Stephens James Douglas and Stephens Barbara C
Bought by
Herlihy George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
5.08%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2006
Sold by
Stephens James Douglas and Stephens Barbara C
Bought by
1861 N Spring Rd Llc

Purchase Details

Closed on
Apr 26, 2005
Sold by
Craibe Roby
Bought by
Stephens James Douglas and Stephens Barbara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Sold by
Craibe Ed
Bought by
Craibe Roby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,900
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 2003
Sold by
Strabala Thomas R and Statbala Mary Helen
Bought by
Craibe Roby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,900
Interest Rate
5.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 15, 1996
Sold by
Strabala Thomas R and Strabala Mary Helen
Bought by
Strabala Thomas R and Strabala Mary Helen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garcia Sean A $674,000 Driggs Title Agency
Garcia Sean A $674,000 Driggs Title Agency
Anderson Nathan $479,000 First Integrity Ttl Agcy Of
Williams Tyler -- First Integrity Title Agency
Williams Tyler $274,550 Clear Title Agency Of Arizon
Herlihy George $140,000 Stewart Title & Trust Of Pho
Stephens James Douglas -- Stewart Title & Trust Of Pho
1861 N Spring Rd Llc $290,000 None Available
Stephens James Douglas $290,000 Tsa Title Agency
Craibe Roby -- Security Title Agency
Craibe Roby $219,000 Security Title Agency
Strabala Thomas R -- --
Strabala Thomas R $128,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Sean A $661,792
Previous Owner Anderson Nathan $359,250
Previous Owner Williams Tyler $205,912
Previous Owner Herlihy George $137,464
Previous Owner Stephens James Douglas $232,000
Previous Owner Craibe Roby $21,900
Previous Owner Craibe Roby $175,200
Previous Owner Craibe Roby $175,200
Closed Stephens James Douglas $29,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2018 01/12/18 Sold $274,550 +1.7% $79 / Sq Ft
11/29/2017 11/29/17 For Sale $270,000 -- $78 / 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 $1,487 $15,070 -- --
2024 $1,491 $14,352 -- --
2023 $1,491 $50,330 $10,060 $40,270
2022 $1,460 $36,070 $7,210 $28,860
2021 $1,478 $28,380 $5,670 $22,710
2020 $1,459 $27,370 $5,470 $21,900
2019 $1,363 $23,770 $4,750 $19,020
2018 $1,308 $21,570 $4,310 $17,260
2017 $1,269 $15,830 $3,160 $12,670
2016 $1,246 $14,450 $2,890 $11,560
2015 $1,171 $12,880 $2,570 $10,310
Source: Public Records

Agents Affiliated with this Home

  • Jim Fowler

    Seller's Agent in 2018

    Jim Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 568-7352

    11 Total Sales

    Jim Fowler
    Section Image
  • Jason Bingham

    Buyer's Agent in 2018

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    1 in this area

    24 Total Sales

    Jason Bingham
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5692864

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-125

Arizona Maricopa County Mesa 85203 North Center

1861 N Spring, Mesa, AZ

Not Listed for Sale

MultiFamily

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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