NOT LISTED FOR SALE

Estimated Value: $327,231 - $366,000

-- Bed
1 Bath
1,261 Sq Ft
$279/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $230,250 $183 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,926/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2020

Nice quiet neighborhood. Two separate (free standing detached) homes plus casita, Live in one and use the other two for renters or in-laws. Main house has three bedrooms and one full bath. Second house has two bedrooms and one full bath, casita can accomadate 2 peole comfortably and is set in rear with lots of privacy. There are two separate driveways that fits 8 cars total plus street parking. houses 1 and 2 are completely move in ready and work on casita has been started but needs to be completed, Some materials have already been purchased. Sweat equity can really prosper you. Large front and rear yard with backyard very private and unique. Seperate inside laundry perfectly positioned for all 3 units to access. Very large storage unit inside main house. Both houses are metered with their own electrical panels and water meters. All furnishings in homes are included in the sale. Canned lighting in hosue 1 and 2. New A/C on main house and ceiling fans throughout both houses. All reasonable offeres will be considered. Potential 12%+ cap rate

Last Agent to Sell the Property

Andy Adeli

Realty ONE Group License #SA523430000 Listed on: 04/21/2020

Last Buyer's Agent

Timothy Ehlen

RE/MAX Signature License #SA654242000

RE/MAX Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $693

Year Built

  • Built in 1960

Lot Details

  • 7,144

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Schools

  • Lincoln Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 139-36-073

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 7155

Building Details

  • Operating Expense $693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$693

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Broadway and Pasadena
  • Property Type: Multiple Dwellings
  • Zoning: MH Multi Family
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2019
  • Directions: Head South on Pasadena then East on 5th AVE to property
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

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

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 7155
  • Additional Parcels: No
  • Parcel #: 139-36-073

Multi Family

  • Tenant Pays: None
  • Number Of Units Total: 3
  • Annual Operating Expense: 693.0

Tax Info

  • Tax Annual Amount: 693.0
  • Tax Book Number: 139.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2021
Sold by
Davis Tanner B
Bought by
Smith Scott Royal and 213 E 4Th Avenue Trust
Current Estimated Value
$351,308

Purchase Details

Closed on
Jan 8, 2021
Sold by
Davis Tanner B and Haley Davis Haley
Bought by
Davis Tanner B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 21, 2020
Closed on
May 27, 2020
Sold by
Morrison Jennifer
Bought by
Davis Tanner Bryan and Davis Haley
Seller's Agent
Andy Adeli
Realty ONE Group
Buyer's Agent
Timothy Ehlen
RE/MAX Signature
List Price
$219,900
Sold Price
$230,250
Premium/Discount to List
$10,350
4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$184,200
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2017
Sold by
Morrison Joshua and Morrison Jennifer
Bought by
Morrison Jennifer

Purchase Details

Closed on
Dec 14, 2015
Sold by
Morrison Joshua and Morrison Jennifer
Bought by
Morrison Joshua J and Morrison Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,137
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 2014
Sold by
Cplc Holding & Asset Management Company
Bought by
Morrison Joshua and Morrison Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 8, 2011
Sold by
Us Bank National Association
Bought by
Cplc Holding & Asset Management Company

Purchase Details

Closed on
Jan 28, 2009
Sold by
Valdez Ricardo
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 8, 2004
Sold by
Valdez Maria Trinidad
Bought by
Valdez Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.87%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Smith Scott Royal -- None Available
Davis Tanner B -- Security Title Agency
Davis Tanner Bryan $230,250 Security Title Agency Inc
Morrison Jennifer -- None Available
Morrison Joshua J -- Nextitle
Morrison Joshua $40,000 First American Title Ins Co
Cplc Holding & Asset Management Company -- First American
Us Bank National Association $193,861 Accommodation
Valdez Ricardo -- Metro Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Tanner B $227,500
Previous Owner Davis Tanner Bryan $184,200
Previous Owner Morrison Joshua J $66,137
Previous Owner Morrison Joshua $10,000
Previous Owner Valdez Ricardo $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $230,250 +4.7% $183 / Sq Ft
04/23/2020 04/23/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $219,900 -- $174 / 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 $752 $7,657 -- --
2024 $758 $7,293 -- --
2023 $758 $25,420 $5,080 $20,340
2022 $742 $18,270 $3,650 $14,620
2021 $751 $16,850 $3,370 $13,480
2020 $741 $16,160 $3,230 $12,930
2019 $693 $13,560 $2,710 $10,850
2018 $665 $11,660 $2,330 $9,330
2017 $645 $9,410 $1,880 $7,530
2016 $633 $7,830 $1,560 $6,270
2015 $595 $7,460 $1,490 $5,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6068576

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-073