$330,000
SOLD JUN 30, 2019
-- Bed
-- Bath
3,468 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

3% Below List Price

4 Days on Market

Highlights

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

About This Home

As of February 2022

Excellent N. 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 ea. unit. low maintenance 1984 construction, grounds are kept by HOA, paved parking lot means you can sit back and enjoy this excellent armchair income opportunity!!!

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 05/21/2019

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,308

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • 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 Spring Fling 4-Plex
  • North Mesa Village Lot 1 30 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $7,648
  • Gross Income $29,241
  • Net Operating Income $21,593

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,308

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & McKellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2018
  • Directions: South on Mesa Dr to Julep, turn left (East) to Spring, left (north) to property
  • Road Surface Type: Asphalt
  • 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
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: Spring Fling 4-Plex
  • Additional Parcels: No
  • Parcel #: 136-24-123

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 29241.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 21593.0
  • Annual Operating Expense: 7648.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1308.0
  • 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
4
Current Estimated Value
$754,931

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
14.61%
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
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $700,000 First American Title
Warranty Deed $525,000 First Integrity Ttl Agcy Of
Special Warranty Deed $440,000 First Integrity National Ttl
Warranty Deed $330,000 Chicago Title Agency
Interfamily Deed Transfer -- Chicago Title Agency
Warranty Deed $240,800 Chicago Title Insurance Comp
Warranty Deed $350,000 Stewart Title & Trust Of Pho
Warranty Deed $285,000 Stewart Title & Trust Of Pho
Warranty Deed $219,000 Stewart Title & Trust
Warranty Deed -- Capital Title Agency
Warranty Deed -- Old Republic Title Agency
Quit Claim Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $687,321 FHA
Previous Owner $393,750 New Conventional
Previous Owner $318,500 New Conventional
Previous Owner $318,500 New Conventional
Previous Owner $247,500 New Conventional
Previous Owner $170,842 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $52,500 Stand Alone Second
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $228,000 New Conventional
Previous Owner $153,300 New Conventional
Previous Owner $15,000 Unknown
Previous Owner $10,964 Unknown
Previous Owner $5,000 Unknown
Previous Owner $128,000 No Value Available
Previous Owner $98,000 No Value Available
Closed $54,750 No Value Available
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5928970

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-123