$419,000
SOLD MAY 3, 2018
-- Bed
-- Bath
3,264 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating System Uses Natural Gas
  • Macarthur Elementary School Rated A-

About This Home

As of May 2018

GREAT FOUR PLEX IN EAST VALLEY LOCATION!!!
Nice neighborhood in quiet cul-de-sac. Bottom units have Large Private Backyards. Large 816 Square Foot units, all utilities are individually metered.
Exterior Just Repainted!
All facts and figures are approximate, buyer to verify to their satisfactions. Great investment opportunity!

Last Agent to Sell the Property

Stacey Crewse

Diamond King Realty License #BR668308000 Listed on: 03/30/2018

Co-Listed By

Jessica Sparks

Russ Lyon Sotheby's International Realty License #SA656962000

Last Buyer's Agent

Kevin Stark

Realty ONE Group License #SA634749000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,494

Year Built

  • Built in 1983

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer, cable TV
  • The owner pays for trash collection, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 136-07-167

Community Details

Overview

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

Building Details

  • Operating Expense $13,737
  • Gross Income $24,018
  • Net Operating Income $18,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,494

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: GILBERT & MCKELLIPS
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2017
  • Directions: West on McKellips from Gilbert Rd, Turn North on Hunt Circle, 2nd Building is on the Right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2488.0
  • Co List Office Mls Id: amar001
  • Co List Office Phone: 480-405-6767
  • Subdivision Name: NORTH GATE GARDENS LOT 1-11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • 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
  • Parking:Street Parking: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 136-07-167

Multi Family

  • Owner Pays: Trash Collection, Landscaping
  • Tenant Pays: Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 24017.9
  • Insurance Expense: 900.0
  • Maintenance Expense: 7713.0
  • Property Net Operating Income: 18230.0
  • Annual Operating Expense: 13737.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1494.0
  • Tax Book Number: 136.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2021
Sold by
Gibbons Keith D and Gibbons Debra S
Bought by
Desert Vista Properties Llc
Current Estimated Value
$786,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2020
Sold by
Gibbons Keith and Gibbons Debra
Bought by
Desert Vista Properties Llc

Purchase Details

Listed on
Mar 30, 2018
Closed on
Apr 24, 2018
Sold by
Carmichael Lonny
Bought by
Gibbons Keith D and Gibbons Debra S
Seller's Agent
Stacey Crewse
Diamond King Realty
Buyer's Agent
Kevin Stark
Realty ONE Group
List Price
$424,900
Sold Price
$419,000
Premium/Discount to List
-$5,900
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$314,250
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2014
Closed on
Mar 12, 2014
Sold by
Carmichael Meredith
Bought by
Carmichael Lonny
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Arthur Hall
Perk Prop Real Estate
List Price
$224,900
Sold Price
$216,800
Premium/Discount to List
-$8,100
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.39%

Purchase Details

Closed on
Nov 15, 2004
Sold by
Vose Wayne and Vose Susan
Bought by
Leong David and Crum Dave

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 23, 2003
Sold by
Zolnierczyk Michael and Zolnierczyk Helena
Bought by
Vose Wayne and Vose Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,400
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2000
Sold by
Vaughan Gerald Keith and Vaughan Jeanne Marie
Bought by
Zolnierczyk Michael and Zolnierczyk Helena
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

Date Type Sale Price Title Company
Warranty Deed -- Lawyers Title
Warranty Deed -- Lawyers Title Of Arizona Inc
Quit Claim Deed -- None Available
Warranty Deed $419,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Cash Sale Deed $216,800 Stewart Title & Trust Of Pho
Warranty Deed $290,000 --
Warranty Deed $236,000 Security Title Agency
Deed $170,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $308,000 New Conventional
Previous Owner $309,500 New Conventional
Previous Owner $314,250 New Conventional
Previous Owner $162,600 Adjustable Rate Mortgage/ARM
Previous Owner $187,200 New Conventional
Previous Owner $192,750 Unknown
Previous Owner $58,000 Stand Alone Second
Previous Owner $203,000 Purchase Money Mortgage
Previous Owner $212,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2018 05/03/18 Sold $419,000 -1.4% $128 / Sq Ft
03/30/2018 03/30/18 For Sale $424,900 +96.0% $130 / Sq Ft
03/25/2014 03/25/14 Sold $216,800 -3.6% $66 / Sq Ft
02/20/2014 02/20/14 Pending -- -- --
02/01/2014 02/01/14 For Sale $224,900 -- $69 / 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 $1,742 $17,742 -- --
2024 $1,756 $16,897 -- --
2023 $1,756 $58,410 $11,680 $46,730
2022 $1,719 $44,550 $8,910 $35,640
2021 $1,741 $38,660 $7,730 $30,930
2020 $1,718 $34,330 $6,860 $27,470
2019 $1,605 $29,310 $5,860 $23,450
2018 $1,540 $26,250 $5,250 $21,000
2017 $1,494 $22,950 $4,590 $18,360
2016 $1,467 $20,780 $4,150 $16,630
2015 $1,378 $19,500 $3,900 $15,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5744724

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-07-167