NOT LISTED FOR SALE

Estimated Value: $390,000 - $430,000

11 Beds
-- Bath
1,250 Sq Ft
$332/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $1,900,000 $1,520 Per Sq Ft

Current estimated payment $2,233/month

27 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 3-minute walk to Stapley Park
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of February 2023

Check out this location! 11 Units: 4 Duplexes and a Triplex which are comprised of 6- 1-bedroom and 5- 2-bedroom units in the Temple District all on irrigated lots. This property is located within the Opportunity Zone. Each unit has a covered parking spot. There is a separate laundry room located in the large shared community backyard. All water heaters were recently replaced. Tenants pay for electric and gas. Rents are below market and units are in high demand. Please Do Not Disturb Tenants.

Last Agent to Sell the Property

Sheresa Pompay-Tranor

DeLex Realty License #SA628807000 Listed on: 10/14/2022

DeLex Realty

Last Buyer's Agent

Will Fortenberry

LPT Realty, LLC License #SA685908000

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1953

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 22 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 138-30-015

Community Details

Overview

  • 6 Buildings
  • 11 Units
  • Building Dimensions are irr
  • Butler Tract Subdivision

Building Details

  • Operating Expense $35,742
  • Gross Income $162,084
  • Net Operating Income $126,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,615

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: Main & Mesa Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: DR-2
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3729.0
  • Subdivision Name: BUTLER TRACT
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: >1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 924.0
  • Annual Water Sewer Expense: 10334.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 138-30-015

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 11
  • Electric Expense: 500.0
  • Annual Gross Income: 162084.25
  • Insurance Expense: 3400.0
  • Maintenance Expense: 7000.0
  • Property Net Operating Income: 126342.0
  • Annual Operating Expense: 35742.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2615.0
  • Tax Book Number: 138.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2024
Sold by
Sevilla Tonya
Bought by
Udall Village Llc
Current Estimated Value
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,389,000
Outstanding Balance
$1,201,300
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$786,300

Purchase Details

Listed on
Oct 14, 2022
Closed on
Feb 10, 2023
Sold by
Bobcat Trust
Bought by
Sevilla Tonya
Seller's Agent
Sheresa Pompay-Tranor
DeLex Realty
Buyer's Agent
Will Fortenberry
LPT Realty, LLC
List Price
$2,100,000
Sold Price
$1,900,000
Premium/Discount to List
-$200,000
-9.52%
Views
68

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.81%
Original Mortgage
$1,330,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2021
Sold by
Baum Robert L and Baum Catherine T
Bought by
Baum Robert L and Baum Catherine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 12, 2021
Sold by
Baum Robert L and Baum Catherine T
Bought by
Nann Tressa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 1, 2014
Closed on
Dec 19, 2014
Sold by
Temple District Apartments Llc
Bought by
Baum Robert and Baum Catherine
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Paul Stetka
HomeSmart
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.74%
Original Mortgage
$120,272
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2014
Closed on
Dec 9, 2014
Sold by
Steffen Mark and Steffen Janice
Bought by
Temple District Apartments Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Paul Stetka
HomeSmart
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,272
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2013
Sold by
Temple District Iii Llc
Bought by
Steffen Mark and Steffen Janice

Purchase Details

Closed on
Apr 26, 2007
Sold by
Temple District Apartments Llc
Bought by
Steffen Mark and Steffen Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2004
Sold by
Steffen Mark and Steffen Janice
Bought by
Temple District Apartments Llc

Purchase Details

Closed on
Aug 11, 2003
Sold by
Mayola R Miltenberger Family Trust
Bought by
Steffen Mark and Steffen Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
6.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Udall Village Llc -- Novare National Settlement Ser
Sevilla Tonya $1,900,000 Millennium Title Company
Baum Robert L -- Great American Ttl Agcy Inc
Nann Tressa L -- Great American Title
Baum Robert $171,818 Stewart Title & Trust Of Pho
Temple District Apartments Llc -- Stewart Title & Trust Of Pho
Steffen Mark -- Lsi Title Company
Steffen Mark -- First American Title Ins Co
Temple District Apartments Llc -- --
Steffen Mark $158,587 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Udall Village Llc $1,389,000
Previous Owner Sevilla Tonya $1,330,000
Previous Owner Baum Robert L $552,500
Previous Owner Baum Robert $120,272
Previous Owner Steffen Mark $175,000
Previous Owner Steffen Mark $141,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2023 02/08/23 Sold $1,900,000 -9.5% $1,520 / Sq Ft
01/12/2023 01/12/23 For Sale $2,100,000 0.0% $1,680 / Sq Ft
01/12/2023 01/12/23 Price Changed $2,100,000 0.0% $1,680 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/14/2022 10/14/22 For Sale $2,100,000 +233.3% $1,680 / Sq Ft
12/22/2014 12/22/14 Sold $630,000 -3.1% $504 / Sq Ft View Prior Sale
11/06/2014 11/06/14 Pending -- -- --
10/01/2014 10/01/14 For Sale $650,000 -- $520 / 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 $678 $6,873 -- --
2024 $680 $6,545 -- --
2023 $680 $25,610 $4,700 $20,910
2022 $666 $18,250 $3,350 $14,900
2021 $674 $15,140 $2,780 $12,360
2020 $665 $14,050 $2,580 $11,470
2019 $622 $12,430 $2,280 $10,150
2018 $597 $11,290 $2,070 $9,220
2017 $579 $8,740 $1,600 $7,140
2016 $568 $8,500 $1,560 $6,940
2015 $534 $7,570 $1,390 $6,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6477139

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-30-015