NOT LISTED FOR SALE

Estimated Value: $360,000 - $420,000

-- Bed
-- Bath
1,547 Sq Ft
$256/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $168,000 $109 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,268/month

176 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of February 2019

BRAND NEW ROOF! Great duplex on quiet CUL-DE-SAC street! Easy to keep rented year round. Low maintenance! 2 bed 1 bath plus large family rooms and open kitchens. Large private backyard! Parking on both sides of the unit. Central Mesa location! Great cash flow for a duplex! Tenants are month-to-month. Plenty of room to increase rent. 100% occupied! **Back on market. Buyer did not qualify for loan**

Last Listed By

Justin Cook

RE/MAX Solutions License #BR520620000 Listed on: 08/06/2018

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $724

Year Built

  • Built in 1963

Lot Details

  • 8,843

Parking

  • Assigned Parking

Home Design

  • Composition Roof
  • Block Exterior

Schools

  • Longfellow Elementary School
  • Poston Junior High School
  • Mesa High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 138-14-006-H

Community Details

Overview

  • 2 Units
  • Building Dimensions are 80.67 x 109.95
  • Hibbert Allen Acres Lots 8 20 Subdivision

Building Details

  • Operating Expense $5,446
  • Gross Income $15,360
  • Net Operating Income $9,501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$724

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Broadway and Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2017
  • Directions: N to Jarvis, E to Allen, N to property towards end of Cul-de-sac!
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 8-20
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2610.0

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 80.67 x 109.95
  • Additional Parcels: No
  • Parcel #: 138-14-006-H

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 15360.0
  • Insurance Expense: 2112.0
  • Property Net Operating Income: 9501.0
  • Annual Operating Expense: 5446.0

Tax Info

  • Tax Annual Amount: 724.0
  • Tax Book Number: 138.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Tw2 Properties Llc
Bought by
Kryton West Llc
Total Days on Market
176
Current Estimated Value
$396,333

Purchase Details

Closed on
Dec 20, 2020
Sold by
Liberty West Holdings Llc
Bought by
Tw2 Properties Llc

Purchase Details

Listed on
Aug 6, 2018
Closed on
Feb 12, 2019
Sold by
213 S Allen Llc
Bought by
Liberty West Holdings Llc
Seller's Agent
Justin Cook
RE/MAX Solutions
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$174,900
Sold Price
$168,000
Premium/Discount to List
-$6,900
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.54%

Purchase Details

Closed on
Jul 30, 2012
Sold by
Lemmermann Brian S and Lemmermann Amy L
Bought by
213 S Allen Llc

Purchase Details

Closed on
Dec 5, 2011
Sold by
Aurora Loan Services Llc
Bought by
Lemmermann Brian and Lemmermann Amy

Purchase Details

Closed on
Aug 9, 2011
Sold by
Martinez Martinez Jose Armando Jose Armando and Martinez Flores Jose Angel
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Apr 29, 2002
Sold by
R T S A
Bought by
Flores Jose Angel Martinez and Martinez Jose Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,922
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 1998
Sold by
Harris Daniel R
Bought by
R T S A

Purchase Details

Closed on
Oct 18, 1995
Sold by
Douglas William R and Cook Jack D
Bought by
Harris Daniel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,223
Interest Rate
7.58%
Mortgage Type
Seller Take Back

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
Kryton West Llc -- --
Tw2 Properties Llc $180,000 Stewart Ttl & Tr Of Phoenix
Liberty West Holdings Llc $168,000 Security Title Agency Inc
213 S Allen Llc -- None Available
Lemmermann Brian $45,500 Chicago Title Agency Inc
Aurora Loan Services Llc $48,000 None Available
Flores Jose Angel Martinez $124,000 Grand Canyon Title Agency In
R T S A $75,000 Security Title Agency
Harris Daniel R $80,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kryton West Llc $1,000,000
Previous Owner Martinez Jose Armando $143,000
Previous Owner Martinez Jose Armando $10,000
Previous Owner Flores Jose Angel Martinez $129,649
Previous Owner Flores Jose Angel Martinez $119,922
Previous Owner Harris Daniel R $11,223
Closed Flores Jose Angel Martinez $7,260
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $168,000 -3.9% $109 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $174,900 0.0% $113 / Sq Ft
12/30/2018 12/30/18 Pending -- -- --
11/21/2018 11/21/18 Price Changed $174,900 -5.4% $113 / Sq Ft
09/25/2018 09/25/18 Price Changed $184,900 -7.5% $120 / Sq Ft
08/06/2018 08/06/18 For Sale $199,900 -- $129 / 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 $844 $8,599 -- --
2024 $851 $8,189 -- --
2023 $851 $28,960 $5,790 $23,170
2022 $833 $20,300 $4,060 $16,240
2021 $844 $17,010 $3,400 $13,610
2020 $832 $15,080 $3,010 $12,070
2019 $778 $11,810 $2,360 $9,450
2018 $747 $10,780 $2,150 $8,630
2017 $724 $10,270 $2,050 $8,220
2016 $711 $9,530 $1,900 $7,630
2015 $668 $8,330 $1,660 $6,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5803043

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-006H