NOT LISTED FOR SALE

Estimated Value: $617,062 - $832,000

2 Beds
-- Bath
3,264 Sq Ft
$229/Sq Ft Est. Value

Last Sold October 04, 2017

Last sale price $355,000 $109 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,278/month

63 Days on Market

Highlights

  • Multiple cooling system units
  • Macarthur Elementary School Rated A-
  • Individual Controls for Heating

About This Home

As of October 2017

***Please do not disturb Tenants***
Amazing Location! This is a great 4 plex income opportunity for an investor! Fully occupied. Tenants are all compatible and wonderful!! Many have been long term. The two main level units comp at $795/mo and the two upstairs comp at $725 - $750/mo!!! Current rents are lower. NO HOA!!!! Close to 202 Freeway. All new landscaping completed and new exterior paint just completed. Interior repairs completed! Interior units are very clean, see sample photos. All units similar grade. Did not want to disturb tenants for current pictures.

Agents see private remarks for more.

Last Listed By

Mark Gunning

West USA Realty License #SA018139000 Listed on: 05/08/2017

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1983

Lot Details

  • 8,059

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Hermosa Vista Elementary School
  • Stapley Junior High School
  • Mountain View High School

Utilities

  • Multiple cooling system units
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 136-07-169

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.18
  • North Gate Gardens Lot 1 11 Subdivision

Building Details

  • Operating Expense $5,829
  • Gross Income $32,928
  • Net Operating Income $27,771

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,396

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Gilbert & McKellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH GATE GARDENS LOT 1-11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, 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:Free: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2697.0

Schools

  • Elementary School: Hermosa Vista Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Stapley Junior High School

Lot Info

  • Lot Size: 0.18
  • Additional Parcels: No
  • Parcel #: 136-07-169

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32928.0
  • Insurance Expense: 936.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 27771.0
  • Annual Operating Expense: 5829.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1396.0
  • Tax Book Number: 136.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2021
Sold by
Ibrahim Tarek A and Hanna Dalia N
Bought by
2013 N Hunt Cir 103 204 Mesa Az Llc
Total Days on Market
63
Current Estimated Value
$746,766

Purchase Details

Listed on
May 8, 2017
Closed on
Oct 3, 2017
Sold by
Gunning Mark and Rogness Richard
Bought by
Ibrahim Tarek A and Hanna Dalia N
Seller's Agent
Mark Gunning
West USA Realty
Buyer's Agent
Bobbi Engle
eXp Realty
List Price
$359,900
Sold Price
$355,000
Premium/Discount to List
-$4,900
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Original Mortgage
$248,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2017
Sold by
Hall Raymond R and Hall Myrna J
Bought by
Gunning Mark and Rogness Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 3, 2017
Sold by
Hall Raymond R and Hall Myrna J
Bought by
Gunning Mark and Rogness Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 13, 2005
Sold by
Hall Raymond R and Hall Myrna J
Bought by
Lamoka Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,700
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2005
Sold by
Holland James E and Holland Tawnya M
Bought by
Hall Raymond R and Hall Myrna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,700
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1999
Sold by
Power Of Two Llc
Bought by
Holland James E and Holland Tawnya M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,924
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 1998
Sold by
Mcclellan Roy A and Mcclellan Lenora E
Bought by
Power Of Two Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 19, 1997
Sold by
Banks Glen B and Banks Jackie Lee
Bought by
Pearce Richard H and Pearce Leone V

Purchase Details

Closed on
Jul 23, 1996
Sold by
Mcclellan Roy A and Mcclellan Lenora L
Bought by
City Of Mesa

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
2013 N Hunt Cir 103 204 Mesa Az Llc -- None Available
Ibrahim Tarek A $355,000 Security Title Agency Inc
Gunning Mark $260,100 None Available
Gunning Mark $260,100 None Available
Lamoka Properties Llc -- --
Hall Raymond R $333,000 Fidelity National Title
Holland James E $162,000 Chicago Title Insurance Co
Power Of Two Llc $150,000 Chicago Title Insurance Co
Pearce Richard H $120,000 First American Title
City Of Mesa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ibrahim Tarek A $248,500
Previous Owner Gunning Mark $260,000
Previous Owner Hall Raymond R $219,700
Previous Owner Holland James E $160,924
Previous Owner Power Of Two Llc $150,000
Closed Power Of Two Llc $150,000
Closed Hall Raymond R $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2017 10/04/17 Sold $355,000 -1.4% $109 / Sq Ft
08/23/2017 08/23/17 For Sale $359,900 0.0% $110 / Sq Ft
08/23/2017 08/23/17 Price Changed $359,900 0.0% $110 / Sq Ft
08/03/2017 08/03/17 Price Changed $360,000 0.0% $110 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $360,000 0.0% $110 / Sq Ft
07/03/2017 07/03/17 Price Changed $360,000 0.0% $110 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $360,000 -- $110 / 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 $1,657 $16,881 -- --
2024 $1,671 $16,077 -- --
2023 $1,671 $56,730 $11,340 $45,390
2022 $1,636 $43,270 $8,650 $34,620
2021 $1,656 $37,510 $7,500 $30,010
2020 $1,634 $33,310 $6,660 $26,650
2019 $1,527 $27,880 $5,570 $22,310
2018 $1,466 $24,670 $4,930 $19,740
2017 $1,422 $21,570 $4,310 $17,260
2016 $1,396 $19,500 $3,900 $15,600
2015 $1,312 $18,580 $3,710 $14,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5602223

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-07-169