NOT LISTED FOR SALE

215 S Doran Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $483,160 - $713,000

-- Bed
-- Bath
1,428 Sq Ft
$404/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $235,000 $165 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,244/month

114 Days on Market

Highlights

  • Evaporated cooling system
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of December 2018

Huge price reduction! Great income producing property that stays rented year round! Current two units are rented at $490/month and two units at $505. This 4-plex has two units in two different buildings allowing for maximum privacy. Property sits on a large 16,089 SF lot allowing plenty of space for parking and areas to play! Great central Mesa location just over 1/4 mile from Mesa Light Rail (currently under construction) making access to employment and entertainment convenient and easy for tenants/owners. New owner could maximize profit by rehabbing the property and turn it into an assisted living or group home facility like the property next door.

Last Listed By

Justin Cook

RE/MAX Solutions License #BR520620000 Listed on: 08/14/2018

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,137

Year Built

  • Built in 1970

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 138-14-007-C

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 133.81 x 122.44
  • Hibbert Allen Acres Lots 8 20 Subdivision

Building Details

  • Operating Expense $7,452
  • Gross Income $23,880
  • Net Operating Income $16,428

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,137

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Stapley and Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 2
  • Year Built: 1970
  • Tax Year: 2017
  • Directions: N to Dana, E to Doran, S to property
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 8-20
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • 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:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 4347.0

Schools

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

Lot Info

  • Lot Size: 133.81 x 122.44
  • Additional Parcels: Yes
  • Parcel #: 138-14-007-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23880.0
  • Insurance Expense: 1968.0
  • Property Net Operating Income: 16428.0
  • Annual Operating Expense: 7452.0

Tax Info

  • Tax Annual Amount: 1137.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2019
Sold by
Invesource Llc
Bought by
Sabio Assets Llc
Total Days on Market
114
Current Estimated Value
$577,540

Purchase Details

Listed on
Aug 14, 2018
Closed on
Dec 20, 2018
Sold by
215 S Doran Llc
Bought by
Invesource Llc
Seller's Agent
Justin Cook
RE/MAX Solutions
Buyer's Agent
Joshua Roubal
Dwellings Realty Group
List Price
$299,900
Sold Price
$235,000
Premium/Discount to List
-$64,900
-21.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Original Mortgage
$210,000
Interest Rate
4.9%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 15, 2011
Sold by
Lemmermann Brian and Lemmermann Amy
Bought by
215 S Doran Llc

Purchase Details

Closed on
Jun 6, 2011
Sold by
Howe Anthony D
Bought by
Lemmermann Brian and Lemmermann Amy

Range of Values:

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Average Value
Not Available
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
Sabio Assets Llc $499,900 Chicago Title Agency
Invesource Llc $235,000 Clear Title Agency Of Arizon
215 S Doran Llc -- None Available
Lemmermann Brian $37,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Invesource Llc $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $235,000 -6.0% $165 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
11/21/2018 11/21/18 Price Changed $249,900 -9.1% $175 / Sq Ft
09/25/2018 09/25/18 Price Changed $274,900 -8.3% $193 / Sq Ft
08/14/2018 08/14/18 For Sale $299,900 -- $210 / 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 $131 $1,334 $1,334 --
2024 $132 $1,271 $1,271 --
2023 $132 $4,420 $4,420 $0
2022 $129 $3,120 $3,120 $0
2021 $131 $2,600 $2,600 $0
2020 $129 $2,320 $2,320 $0
2019 $121 $1,830 $1,830 $0
2018 $116 $1,520 $1,520 $0
2017 $112 $1,560 $1,560 $0
2016 $110 $1,490 $1,490 $0
2015 $104 $1,300 $1,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Cook

    Seller's Agent in 2018

    Justin Cook

    RE/MAX

    (602) 405-2665

    196 Total Sales

    Justin Cook
    Section Image
  • Joshua Roubal

    Buyer's Agent in 2018

    Joshua Roubal

    Dwellings Realty Group

    (480) 251-1765

    143 Total Sales

    Joshua Roubal
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5806576

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-004C

Arizona Maricopa County Mesa 85204 Reed Park

215 S Doran, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 215 S Doran, Mesa, AZ 85204 since 14 August 2018 and is currently estimated at $577,540, approximately $404 per square foot. This property was built in 1970. 215 S Doran is a home located in Maricopa County with nearby schools including Longfellow Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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