NOT LISTED FOR SALE

Estimated Value: $617,343

-- Bed
-- Bath
2,898 Sq Ft
$213/Sq Ft Est. Value

Last Sold June 24, 2019

Last sale price $325,000 $112 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,532/month

188 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of June 2019

GREAT INVESTMENT OPPORTUNITY IN MESA. NICE 4-PLEX IN A CONVENIENCE LOCATION. 2BEDS, 1BATH IN EACH UNIT. FULLY RENTED, LAUNDRY ONSITE FOR EXTRA INCOME. DRIVE BY ONLY! PLEASE DO NOT DISTURB TENANTS!

Last Listed By

Son Nguyen

Vina Realty License #BR539494000 Listed on: 12/05/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1973

Lot Details

  • 8,756

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Schools

  • Robson Elementary School
  • Taylor Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 79
  • Assessor Parcel Number 140-25-489

Community Details

Overview

  • 4 Units
  • Building Dimensions are 60X145.9
  • Oak Park Mesa 2 Subdivision

Building Details

  • Operating Expense $7,742
  • Gross Income $2,867
  • Net Operating Income $26,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$982

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Broadway & Gilbert
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2018
  • Directions: EAST ON BROADWAY, NORTH ON CHESTNUT. BUILDING FACING BROADWAY.
  • Road Surface Type: Concrete
  • Co List Office Mls Id: sonn01
  • Co List Office Phone: 602-405-9128
  • Subdivision Name: OAK PARK MESA 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4400.0

Schools

  • Elementary School: Robson Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Taylor Junior High School

Lot Info

  • Lot Size: 60X145.9
  • Additional Parcels: No
  • Parcel #: 140-25-489

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 2867.48
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 26140.0
  • Annual Operating Expense: 7742.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 982.0
  • Tax Book Number: 140.00
  • Tax Lot: 79

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2018
Closed on
Jun 21, 2019
Sold by
Nguyen Joe and Nguyen Jorce G Dao
Bought by
Miranda Lorenzo and Roman Laura
Seller's Agent
Son Nguyen
Vina Realty
Buyer's Agent
Armando Nunez
West USA Realty
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Total Days on Market
188
Current Estimated Value
$617,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,343
Avg. Annual Appreciation
11.45%
Original Mortgage
$90,000
Outstanding Balance
$80,107
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$537,236

Purchase Details

Listed on
Apr 30, 2017
Closed on
Jun 13, 2017
Sold by
Felix Saturnino Mendoza
Bought by
Nguyen Joe and Nguyen Joyce G Dao
Seller's Agent
Miritssa Casas
Milly Sells Az
Buyer's Agent
Liem Tran
HomeSmart
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$206,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2016
Sold by
Velazquez Lazaro and Davila Silvia
Bought by
Velazquez Lazaro and Davila Silvia

Purchase Details

Listed on
Jan 21, 2016
Closed on
Feb 22, 2016
Sold by
Rivera Lorenza Monarrez
Bought by
Mendoza Felix Saturnino
Seller's Agent
Miritssa Casas
Milly Sells Az
Buyer's Agent
Miritssa Casas
Milly Sells Az
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.53%
Original Mortgage
$220,924
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 2015
Sold by
Davila Silvia and Velasquez Lazaro
Bought by
Velasquez Nancy

Purchase Details

Closed on
May 27, 2015
Sold by
Velasquez Nancy
Bought by
Velasquez Lazaro and Velasquez Silvia

Purchase Details

Closed on
Sep 28, 2012
Sold by
Velasquez Nancy
Bought by
Davila Silvia and Velazquez Lazaro

Purchase Details

Closed on
Apr 15, 2010
Sold by
Davila Silvia and Velasquez Lazaro
Bought by
Velasquez Nancy

Purchase Details

Closed on
Nov 23, 2009
Sold by
Gmac Mortgage Llc
Bought by
Velasquez Lazaro and Davila Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2009
Sold by
Risquez Julio
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Mar 9, 2005
Sold by
Velasquez Nancy
Bought by
Risquez Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Miranda Lorenzo $325,000 Empire West Title Agency Llc
Nguyen Joe $275,000 Driggs Title Agency Inc
Velazquez Lazaro -- None Available
Mendoza Felix Saturnino -- Driggs Title Agency Inc
Mendoza Felix Saturnino $225,000 Driggs Title Agency Inc
Velasquez Nancy -- Lawyers Title Of Arizona Inc
Velasquez Lazaro -- Lawyers Title Of Arizona Inc
Davila Silvia -- None Available
Velasquez Nancy -- None Available
Velasquez Lazaro $99,000 First American Title Ins Co
Gmac Mortgage Llc $108,000 Security Title Agency
Risquez Julio -- --
Risquez Julio $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miranda Lorenzo $90,000
Previous Owner Nguyen Joe $206,250
Previous Owner Mendoza Felix Saturnino $220,924
Previous Owner Velasquez Lazaro $74,250
Previous Owner Risquez Julio $299,700
Previous Owner Risquez Julio $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $325,000 -2.7% $112 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/05/2019 05/05/19 Price Changed $334,000 -0.1% $115 / Sq Ft
04/07/2019 04/07/19 Price Changed $334,500 -0.1% $115 / Sq Ft
12/04/2018 12/04/18 For Sale $335,000 +21.8% $116 / Sq Ft
06/15/2017 06/15/17 Sold $275,000 -3.5% $95 / Sq Ft
04/30/2017 04/30/17 For Sale $285,000 +26.7% $98 / Sq Ft
02/22/2016 02/22/16 Sold $225,000 0.0% $78 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $225,000 -- $78 / 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 $1,110 $11,307 -- --
2024 $1,119 $10,769 -- --
2023 $1,119 $45,320 $9,060 $36,260
2022 $1,096 $32,260 $6,450 $25,810
2021 $1,109 $27,960 $5,590 $22,370
2020 $1,095 $24,810 $4,960 $19,850
2019 $1,023 $18,350 $3,670 $14,680
2018 $982 $16,260 $3,250 $13,010
2017 $952 $13,310 $2,660 $10,650
2016 $935 $12,180 $2,430 $9,750
2015 $879 $11,520 $2,300 $9,220
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5853836

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-489