NOT LISTED FOR SALE

Estimated Value: $631,586 - $742,000

Studio
4 Baths
867 Sq Ft
$808/Sq Ft Est. Value

Sale Details

Date Sold: August 17, 2021

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

Est. 24% increase in value since last sale

Current estimated payment $3,929 / mo

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
  • Separate Meters
  • 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

6,970 Sq Ft Lot

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

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
Jul 14, 2021
Closed on
Aug 10, 2021
Sold by
Bought by
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
$700,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,397
Avg. Annual Appreciation
4.48%
Original Mortgage
$423,750
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2020
Sold by
Bought by

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
0.031%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2018
Sold by
Bought by

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
0.046%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2018
Sold by
Bought by

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
0.046%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
0.0675%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 6, 2005
Sold by
Bought by

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
0.0237%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2000
Sold by
Bought by

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
0.0853%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$565,000 Great American Ttl Agcy Inc
$442,000 Chicago Title Agency
$295,000 None Available
$295,000 First American Title Insuran
-- Ticor Title Co Of California
$289,500 Arizona Title Agency Inc
-- Stewart Title & Trust
$158,000 Stewart Title & Trust
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 $423,750
Previous Owner $331,500
Previous Owner $221,250
Previous Owner $273,000
Previous Owner $260,955
Previous Owner $110,600
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
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

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 $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

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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

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