NOT LISTED FOR SALE

1923 N Spring -- Mesa, AZ 85203

North Center Neighborhood

Estimated Value: $609,359 - $787,000

-- Bed
4 Baths
867 Sq Ft
$831/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $565,000 $652 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,914/month

19 Days on Market

Highlights

  • Community Playground
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2021

Remarkable opportunity to own a value add 4-plex in one of AZ fastest growing cities. The units are all 2bed/1 bath, a rare mix. Lots of upside for remodel and increase the rents by $300-$400/unit/month. Look no further, perfect opportunity for the cash-flow investor looking ti build significant equity.

Last Agent to Sell the Property

Samir Sawhney

XCD Realty & Property Mgmt License #BR645393000 Listed on: 07/14/2021

Last Buyer's Agent

Danielle Walko

Better Homes & Gardens Real Estate SJ Fowler License #SA690261000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,459

Year Built

  • Built in 1984

Lot Details

  • 6,970

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 17
  • Assessor Parcel Number 136-24-121

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6970
  • North Mesa Village Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $11,418
  • Gross Income $41,904
  • Net Operating Income $30,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,459

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: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Subdivision Name: NORTH MESA VILLAGE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 3060.0

Lot Info

  • Lot Size: 6970
  • Additional Parcels: No
  • Parcel #: 136-24-121

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 41904.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 875.0
  • Property Net Operating Income: 30486.0
  • Annual Operating Expense: 11418.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1459.0
  • Tax Book Number: 136.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 10, 2021
Sold by
Arsanjani Reza and Kilian Caroline
Bought by
Romero Blas
Seller's Agent
Samir Sawhney
XCD Realty & Property Mgmt
Buyer's Agent
Danielle Walko
Better Homes & Gardens Real Estate SJ Fowler
List Price
$549,900
Sold Price
$565,000
Premium/Discount to List
$15,100
2.75%
Current Estimated Value
$720,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,590
Avg. Annual Appreciation
5.90%
Original Mortgage
$423,750
Outstanding Balance
$385,320
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$335,270

Purchase Details

Closed on
Jul 8, 2020
Sold by
Pixivate Llc
Bought by
Arsanjani Reza and Kilian Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2018
Sold by
Simon Joshua and Caldwell Alicia
Bought by
Pixivate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2018
Sold by
Hyder Gilford
Bought by
Simon Joshua and Caldwell Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2006
Sold by
Hyder Gilford John
Bought by
Hyder Gilford John

Purchase Details

Closed on
Apr 6, 2005
Sold by
Fisher Ronald D
Bought by
Hyder Gilford John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,955
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2000
Sold by
Delmet Dale A and Delmet Beverly A
Bought by
Fisher Ronald D and Fisher Leo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,600
Interest Rate
8.53%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Romero Blas $565,000 Great American Ttl Agcy Inc
Arsanjani Reza $442,000 Chicago Title Agency
Pixivate Llc $295,000 None Available
Simon Joshua $295,000 First American Title Insuran
Hyder Gilford John -- Ticor Title Co Of California
Hyder Gilford John $289,500 Arizona Title Agency Inc
Fisher Ronald D $158,000 Stewart Title & Trust
Delmet Dale A -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Blas $423,750
Previous Owner Arsanjani Reza $331,500
Previous Owner Simon Joshua $221,250
Previous Owner Hyder Gilford John $260,955
Previous Owner Fisher Ronald D $110,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $565,000 +2.7% $652 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $549,900 -- $634 / 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

  • Samir Sawhney

    Seller's Agent in 2021

    Samir Sawhney

    XCD Realty & Property Mgmt

    (860) 559-0559

    1 in this area

    259 Total Sales

    Samir Sawhney
    Section Image
  • Danielle Walko

    Buyer's Agent in 2021

    Danielle Walko

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 465-8965

    1 in this area

    27 Total Sales

    Danielle Walko
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6264057

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-121

Arizona Maricopa County Mesa 85203 North Center

1923 N Spring --, 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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