NOT LISTED FOR SALE

Estimated Value: $556,695 - $841,000

-- Bed
4 Baths
784 Sq Ft
$893/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $329,900 $421 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,016/month

2 Days on Market

Highlights

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

About This Home

As of November 2018

Great opportunity for income producing property. Four-plex with four 2 bedroom 1 bath units. Great location convenient to light-rail, shopping and schools. 2/4 AC units replaced within the last 3 years. Full Roof replacement in 2017. All units have private storage on first floor. Units also have income producing coin op washer and dryer on main floor (brought in $2,364 in 2017). Several units have been renovated. All great long term tenants that consistently pay on time. Good opportunity to increase rents as the area justifies higher rates. Please do NOT disturb tenants. Drive by only. Once under contract access will be arranged for inspection.

Last Agent to Sell the Property

Angela Johnson

Bullseye Property Management, LLC License #SA646383000 Listed on: 10/08/2018

Last Buyer's Agent

Arvle Knight

Transworld Business Advisors of Phoenix NE License #BR535084000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,166

Year Built

  • Built in 1979

Lot Details

  • 8,015

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Tax Lot 6
  • Assessor Parcel Number 138-14-007-E

Community Details

Overview

  • 4 Units
  • Building Dimensions are .18 acres
  • Hibbert Allen Acres Lots 8 20 Subdivision

Building Details

  • Operating Expense $9,048
  • Gross Income $30,984
  • Net Operating Income $23,102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,166

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Broadway and Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2017
  • Directions: North on Stapley, East on Dana, South on Doran, property on the west side.
  • Road Surface Type: Asphalt
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 8-20
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 4500.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: .18 acres
  • Additional Parcels: No
  • Parcel #: 138-14-007-E

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 1530.0
  • Annual Gross Income: 30984.0
  • Insurance Expense: 1492.0
  • Property Net Operating Income: 23102.0
  • Annual Operating Expense: 9048.0

Tax Info

  • Tax Annual Amount: 1166.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Nov 9, 2018
Sold by
K Dwellings Llc
Bought by
Mason Randolph T and Mason Rosalia
Seller's Agent
Angela Johnson
Bullseye Property Management, LLC
Buyer's Agent
Arvle Knight
Transworld Business Advisors of Phoenix NE
List Price
$329,900
Sold Price
$329,900
Current Estimated Value
$700,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,524
Avg. Annual Appreciation
11.31%
Original Mortgage
$190,820
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2015
Sold by
Johnson Kenneth E
Bought by
K Dwellings Llc

Purchase Details

Closed on
Nov 22, 2013
Sold by
Johnson Becky H and Johnson Kenneth
Bought by
Johnson Kenneth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,100
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2011
Sold by
Pulsipher Elleny
Bought by
Pulsipher Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2010
Sold by
Mora Rafael L and Mora Rosa
Bought by
200 S Doran Llc

Purchase Details

Closed on
Mar 2, 2010
Sold by
Fannie Mae
Bought by
Deltoro Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2010
Sold by
Ponce Jorge and Ponce Leticia
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2006
Sold by
Ochoa George and Ochoa Carol
Bought by
Ponce Jorge and Ponce Leticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2005
Sold by
Freund Bill
Bought by
Ochoa George and Ochoa Carol

Purchase Details

Closed on
Mar 18, 2005
Sold by
Cheary Blake A and Cheary Danelle M
Bought by
Freund Bill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,175
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2004
Sold by
Enriquez Maribel and Luna Edilberto
Bought by
Cheary Blake A and Cheary Danelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,600
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2004
Sold by
Pina Rosalina
Bought by
Enriquez Maribel and Luna Edilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,600
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2001
Sold by
Driver Steven T
Bought by
Corr Brian

Purchase Details

Closed on
Aug 10, 2001
Sold by
Mcferrin William A
Bought by
Driver Steven T
Source: Public Records

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
Mason Randolph T $329,900 Empire West Title Agency Llc
K Dwellings Llc -- None Available
Johnson Kenneth E -- First American Title Insuran
Johnson Kenneth E $174,000 First American Title Insuran
Pulsipher Cory -- Fidelity Natl Title Ins Co
Karren Brian -- Fidelity Natl Title Ins Co
Karren Brian $120,000 Fidelity Natl Title Ins Co
200 S Doran Llc -- None Available
Deltoro Jose $84,900 Stewart Title & Trust Of Pho
Federal National Mortgage Association $249,905 Fidelity Natl Title Ins Co
Ponce Jorge $295,000 Magnus Title Agency
Ochoa George $300,000 Security Title Agency Inc
Freund Bill $269,425 Fidelity National Title
Cheary Blake A $225,750 Chicago Title Insurance Co
Corr Brian $155,000 Arizona Title Agency Inc
Driver Steven T -- Arizona Title Agency Inc
Driver Steven T $78,318 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randy And Lia Mason Family Tru $187,000
Closed Mason Randolph T $190,820
Previous Owner Johnson Kenneth E $113,100
Previous Owner Karren Brian $90,000
Previous Owner Deltoro Jose $80,000
Previous Owner Ponce Jorge $236,000
Previous Owner Ochoa George $153,800
Previous Owner Freund Bill $175,175
Previous Owner Cheary Blake A $180,600
Previous Owner Pina Rosalina $186,049
Closed Cheary Blake A $45,150
Closed Freund Bill $67,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $329,900 0.0% $421 / Sq Ft
10/08/2018 10/08/18 For Sale $329,900 -- $421 / 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 $1,372 $13,978 -- --
2024 $1,383 $13,312 -- --
2023 $1,383 $49,970 $9,990 $39,980
2022 $1,355 $34,830 $6,960 $27,870
2021 $1,371 $27,670 $5,530 $22,140
2020 $1,353 $24,570 $4,910 $19,660
2019 $1,264 $19,620 $3,920 $15,700
2018 $1,214 $18,010 $3,600 $14,410
2017 $1,177 $17,930 $3,580 $14,350
2016 $1,155 $17,060 $3,410 $13,650
2015 $1,086 $14,680 $2,930 $11,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5830536

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-007E