$115,000
SOLD SEP 7, 2012
-- Bed
-- Bath
1,152 Sq Ft
8,451 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

18% Below List Price

50 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • 4-minute walk to Water Tower Plaza
  • Burk Elementary School Rated A-
  • Heating Available

About This Home

As of January 2017

**NOT A SHORT SALE** **FOUR-PLEX** THIS SWEET GILBERT DYNAMO WILL CERTAINLY THRILL AND DELIGHT! THERE ARE FOUR UNITS IN ONE MAKING THIS A SUPERB INCOME PRODUCING OPPORTUNITY! THIS PLACE IS DEFINITELY THE ONE YOU HAVE BEEN DREAMING ABOUT SO WAKE UP AND HUSTLE ON OVER! THESE TYPE OF PROPERTIES ARE RARE SO IT WILL GO FAST, CALL YOUR REALTOR TODAY BEFORE THIS ONE PASSES YOU BY!

Last Agent to Sell the Property

Jason Rodgers

Visionary Properties License #SA557950000 Listed on: 06/28/2012

Co-Listed By

Christopher Oster

Visionary Properties License #BR528928000

Last Buyer's Agent

Kathy Howard

HomeSmart License #SA634837000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $897

Year Built

  • Built in 1965

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 8,432 Parking Spaces
  • 8,428 Covered Spaces

Schools

  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 14
  • Assessor Parcel Number 304-11-084

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are UNK

Building Details

  • Operating Expense $897
  • Gross Income $75,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$897

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: GILBERT/ELLIOT
  • Property Type: Multiple Dwellings
  • Zoning: MUL
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2011
  • Directions: N on Gilbert, E on Cullumber, N on Elm.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: vsnr01
  • Co List Office Phone: 480-248-9395
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 8428.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8432.0
  • General Property Description:Covered Parking Spcs: 8428.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8432.0

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Schools

  • High School: Mesquite High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 304-11-084

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 75840.0
  • Annual Operating Expense: 897.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 897.0
  • Tax Book Number: 304.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2016
Closed on
Jan 24, 2017
Sold by
Bigelow Development Group Llc
Bought by
A & K Group Llc
Seller's Agent
Jamie Bigelow
Realty ONE Group
Buyer's Agent
Kirk Erickson
Schreiner Realty
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%
Total Days on Market
50
Current Estimated Value
$671,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,667
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Dec 9, 2015
Sold by
Property Preservation Group Llc
Bought by
Bigelow Bradley Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2015
Sold by
Bigelow Jamie Anne
Bought by
Bigelow Bradley Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2014
Sold by
Foresight Investments & Holding Llc
Bought by
Property Preservation Group Llc

Purchase Details

Listed on
Jun 28, 2012
Closed on
Sep 4, 2012
Sold by
Kim Peter Y
Bought by
Kim Peter Y and Hong Kyong Soog
Seller's Agent
Jason Rodgers
Visionary Properties
Buyer's Agent
Kathy Howard
HomeSmart
List Price
$139,900
Sold Price
$115,000
Premium/Discount to List
-$24,900
-17.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.83%

Purchase Details

Closed on
May 17, 2012
Sold by
Smith Daniel F and Smith Karen M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 2, 2005
Sold by
Smith Daniel F
Bought by
Smith Daniel F and Smith Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 7, 2003
Sold by
Smith Karen M
Bought by
Smith Daniel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,950
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 1994
Sold by
King Norman O and King Miriam H
Bought by
Dutson Thayne R and Dutson Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,700
Interest Rate
8.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 1993
Sold by
Jackson Don and Jackson Orpha
Bought by
King Norman O and King Miriam H
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Cash Sale Deed $390,000 Clear Title Agency Of Az Llc
Cash Sale Deed $276,000 American Title Svc Agency Ll
Interfamily Deed Transfer -- American Title Svc Agency Ll
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Cash Sale Deed $115,000 North American Title Company
Trustee Deed $223,226 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Transnation Title Ins Co
Warranty Deed $181,000 Transnation Title Ins Co
Joint Tenancy Deed $71,000 Chicago Title Insurance Co
Warranty Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $185,500 New Conventional
Previous Owner $235,000 New Conventional
Previous Owner $203,700 Unknown
Previous Owner $29,100 Stand Alone Second
Previous Owner $198,000 Fannie Mae Freddie Mac
Previous Owner $171,950 Purchase Money Mortgage
Previous Owner $49,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2017 01/26/17 Sold $390,000 -1.3% $339 / Sq Ft
01/01/2017 01/01/17 For Sale $395,000 0.0% $343 / Sq Ft
11/29/2016 11/29/16 For Sale $395,000 +243.5% $343 / Sq Ft
09/07/2012 09/07/12 Sold $115,000 -17.8% $100 / Sq Ft
08/17/2012 08/17/12 Pending -- -- --
06/28/2012 06/28/12 For Sale $139,900 -- $121 / 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 $2,228 $25,482 -- --
2024 $2,240 $24,269 -- --
2023 $2,240 $47,510 $9,500 $38,010
2022 $2,178 $42,720 $8,540 $34,180
2021 $2,253 $37,150 $7,430 $29,720
2020 $2,220 $33,460 $6,690 $26,770
2019 $2,062 $26,410 $5,280 $21,130
2018 $834 $14,720 $2,940 $11,780
2017 $806 $12,380 $2,470 $9,910
2016 $827 $10,930 $2,180 $8,750
2015 $754 $8,570 $1,710 $6,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4781361

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-11-084