NOT LISTED FOR SALE

1903 N Spring Mesa, AZ 85203

North Center Neighborhood

Estimated Value: $763,984

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

Last Sold February 25, 2022

Last sale price $700,000 $202 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,358/month

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2022

Excellent north Mesa location. Convenient to employment and entertainment locations. Value add potential for a savvy investor. All large 2 bed units. Tenant pleasing enclosed patios with laundry inside each unit. low maintenance 1984 construction, grounds are kept by HOA. Buyer and buyer's agent to verify all facts and figures.

Last Listed By

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 12/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,478

Year Built

  • Built in 1984

Lot Details

  • 6,970

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Wood Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 19
  • Assessor Parcel Number 136-24-123

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • North Mesa Village Subdivision

Building Details

  • Operating Expense $15,266
  • Gross Income $45,600
  • Net Operating Income $35,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,478

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & McKellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2021
  • Directions: South on Mesa Dr to Julep, turn left (East) to Spring, left (north) to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3192.0
  • Subdivision Name: NORTH MESA VILLAGE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

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

Garage/Parking

  • 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
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 136-24-123

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.0
  • Insurance Expense: 2772.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 35462.0
  • Annual Operating Expense: 15266.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1478.0
  • Tax Book Number: 136.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2021
Sold by
Frierson Trust
Bought by
Dutton Bradley J
Total Days on Market
2
Current Estimated Value
$763,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,321
Interest Rate
3.55%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 23, 2020
Sold by
Lemieux Housing Llc
Bought by
Frierson Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2020
Sold by
Williams Reyna Leigh
Bought by
Lemieux Housing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2019
Closed on
Jun 21, 2019
Sold by
Abramson Mitchell E and Friedlander Lori Ruth
Bought by
Williams Reyna Leigh
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$339,000
Sold Price
$330,000
Premium/Discount to List
-$9,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.35%
Original Mortgage
$247,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2019
Closed on
Jun 20, 2019
Sold by
Williams Tyler
Bought by
Williams Reyna
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$339,000
Sold Price
$330,000
Premium/Discount to List
-$9,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2008
Sold by
Wetz Gregory M
Bought by
Abramson Mitchell E and Friedlander Lori Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2006
Sold by
Smith Andre and Smith Jacqueline M
Bought by
Wetz Gregory M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 28, 2004
Sold by
Huston Michael and Huston Donna
Bought by
Smith Andre and Smith Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2003
Sold by
Siegler Jeffrey M and Siegler Jeanne M
Bought by
Huston Michael and Huston Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,300
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2000
Sold by
Emery Jayana and Emery Laura
Bought by
Siegler Jeffrey M and Siegler Jeanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.71%

Purchase Details

Closed on
Jul 6, 1998
Sold by
Webb Edward R and Erleane Webb T
Bought by
Emery Jayana D and Emery Laura C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.03%

Purchase Details

Closed on
Jul 1, 1994
Sold by
Fixmer Clyde H and Fixmer Kathleen J
Bought by
Emery Jayana and Emery Laura

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
Dutton Bradley J $700,000 First American Title
Frierson Trust $525,000 First Integrity Ttl Agcy Of
Lemieux Housing Llc $440,000 First Integrity National Ttl
Williams Reyna Leigh $330,000 Chicago Title Agency
Williams Reyna -- Chicago Title Agency
Abramson Mitchell E $240,800 Chicago Title Insurance Comp
Wetz Gregory M $350,000 Stewart Title & Trust Of Pho
Smith Andre $285,000 Stewart Title & Trust Of Pho
Huston Michael $219,000 Stewart Title & Trust
Siegler Jeffrey M -- Capital Title Agency
Emery Jayana D -- Old Republic Title Agency
Emery Jayana $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dutton Bradley J $687,321
Previous Owner Frierson Trust $393,750
Previous Owner Lemeux Housing Llc $318,500
Previous Owner Lemieux Housing Llc $318,500
Previous Owner Williams Reyna Leigh $247,500
Previous Owner Abramson Mitchell E $170,842
Previous Owner Abramson Mitchell E $180,000
Previous Owner Wetz Gregory M $52,500
Previous Owner Wetz Gregory M $280,000
Previous Owner Smith Andre $228,000
Previous Owner Huston Michael $153,300
Previous Owner Siegler Jeffrey M $15,000
Previous Owner Siegler Jeffrey M $10,964
Previous Owner Siegler Jeffrey M $5,000
Previous Owner Siegler Jeffrey M $128,000
Previous Owner Emery Jayana D $98,000
Closed Huston Michael $54,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $700,000 +4.6% $202 / Sq Ft
02/25/2022 02/25/22 Price Changed $669,000 0.0% $193 / Sq Ft
01/28/2022 01/28/22 For Sale $669,000 0.0% $193 / Sq Ft
01/28/2022 01/28/22 Price Changed $669,000 0.0% $193 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $669,000 +102.7% $193 / Sq Ft
06/30/2019 06/30/19 Sold $330,000 -2.7% $95 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $339,000 -- $98 / 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 $1,479 $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

  • L

    Seller's Agent in 2022

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    1 in this area

    94 Total Sales

    Larry Burr
    Section Image
  • Kathaleen Patterson

    Buyer's Agent in 2022

    Kathaleen Patterson

    Realty One Group

    (602) 380-2087

    1 in this area

    55 Total Sales

    Kathaleen Patterson
    Section Image
  • Lloyd Kaipainen

    Seller's Agent in 2019

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
  • Jason Bingham

    Buyer's Agent in 2019

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    1 in this area

    28 Total Sales

    Jason Bingham
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6332663

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-123

Arizona Maricopa County Mesa 85203 North Center

1903 N Spring, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1903 N Spring, Mesa, AZ 85203 since 16 December 2021 and is currently priced at $763,984, approximately $220 per square foot. This property was built in 1984. 1903 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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