NOT LISTED FOR SALE

Estimated Value: $434,000 - $618,000

4 Beds
-- Bath
800 Sq Ft
$650/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $530,000 $662 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,920/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2021

Seller May Carry! Amazing Fourplex in Downtown Mesa, Location, Location and Location. County Zoned Residential Town Center, City Zoned Downtown Residence District 2. Two Buildings, All One Bedroom, One Bath Units. Walk to Light Rail or Bus Stop in just minutes. Enjoy Newer restaurants, Bars and Concerts at Amphitheater or Take in the Arts Center and Museum. Current Rents Way Under Market. Super Value for User or Investor. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction. Please Do Not Disturb Tenants.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 10/22/2021

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Destany Henning

LPT Realty, LLC License #SA683941000

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1945

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 138-59-035

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are Irregular

Building Details

  • Operating Expense $6,002
  • Gross Income $2,474
  • Net Operating Income $23,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: University and Center
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: TCR-2
  • Number Of Buildings: 2
  • Year Built: 1945
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 138-59-035

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 2473.5
  • Insurance Expense: 750.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 23680.0
  • Annual Operating Expense: 6002.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1052.0
  • Tax Book Number: 138.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Nov 29, 2021
Sold by
Wyble Rocky and Wyble Estella
Bought by
Sevilla Tonya Annette and Sevilla Miguel
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Destany Henning
LPT Realty, LLC
List Price
$560,000
Sold Price
$530,000
Premium/Discount to List
-$30,000
-5.36%
Current Estimated Value
$519,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,183
Avg. Annual Appreciation
-0.60%
Original Mortgage
$415,000
Outstanding Balance
$385,541
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$132,683

Purchase Details

Closed on
Jan 10, 2017
Sold by
Crandell Carolyn Mae Nusbaum and Crandell Albert Keith
Bought by
Crandell Carolyn and Crandell Living Trust

Purchase Details

Closed on
Apr 30, 2012
Sold by
Biggs Brittany Anne
Bought by
Cluff Chad

Purchase Details

Closed on
Nov 15, 2010
Sold by
Bfmm Llc
Bought by
Wyble Rocky and Wyble Estella

Purchase Details

Closed on
Oct 25, 2010
Sold by
The Bank Of New York Mellon
Bought by
Bfmm Llc

Purchase Details

Closed on
Apr 2, 2010
Sold by
Barraza Drian and Barraza Lupe
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 3, 2007
Sold by
Gutierrez William and Gutierrez John
Bought by
City Of Mesa

Purchase Details

Closed on
Jan 20, 2006
Sold by
Lapota Joseph D
Bought by
Second Avenue Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2000
Sold by
Kastello Andrew D
Bought by
Kastello Andrew D and Kastello Deana C

Purchase Details

Closed on
Apr 9, 1998
Sold by
Milhon Elmer R and Milhon Loudean
Bought by
Barraza Adrian and Barraza Lupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 26, 1996
Sold by
Golden Charles C and Golden Kay
Bought by
School District #4 Of Maricopa Cnty Az

Purchase Details

Closed on
May 17, 1996
Sold by
Ida Mae Cummings Trust
Bought by
Dudley Mike

Purchase Details

Closed on
Jun 26, 1995
Sold by
Benton Real Properties Inc
Bought by
Benton Virgil K

Purchase Details

Closed on
Aug 7, 1975
Sold by
Davis Charlotte A and Showers Charlotte A
Bought by
Todd David
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
Sevilla Tonya Annette $530,000 Premier Title Agency
Crandell Carolyn -- None Available
Cluff Chad -- Security Title Agency
Wyble Rocky -- None Available
Bfmm Llc $62,000 First American Title Insuran
The Bank Of New York Mellon $76,500 First American Title
City Of Mesa -- None Available
Second Avenue Development Llc -- None Available
Kastello Andrew D -- --
Barraza Adrian $100,000 Security Title Agency
School District #4 Of Maricopa Cnty Az -- Chicago Title Insurance Co
Dudley Mike -- --
Benton Virgil K -- --
Todd David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sevilla Tonya Annette $415,000
Previous Owner Barraza Adrian $33,798
Previous Owner Barraza Adrian $138,000
Previous Owner Barraza Adrian $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $530,000 -5.4% $663 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $560,000 -- $700 / 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 $1,053 $10,724 -- --
2024 $1,061 $10,213 -- --
2023 $1,061 $35,630 $7,120 $28,510
2022 $1,039 $24,200 $4,840 $19,360
2021 $1,052 $20,720 $4,140 $16,580
2020 $1,038 $18,800 $3,760 $15,040
2019 $970 $15,880 $3,170 $12,710
2018 $931 $15,180 $3,030 $12,150
2017 $903 $13,930 $2,780 $11,150
2016 $887 $12,250 $2,450 $9,800
2015 $833 $11,610 $2,320 $9,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6311123

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-59-035