$275,000
SOLD JUN 15, 2017
-- Bed
-- Bath
2,898 Sq Ft
8,756 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

4% Below List Price

5 Days on Market

Highlights

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

About This Home

As of June 2019

Great Investment Opportunity in Oak Park Mesa! Fourplex close to Shopping, Dining, & more. Tenants already in place month-month. Neutral palette, tile floors, ceiling fans, window blinds, wood cabinets in kitchen, and assigned parking. Laundry available on site. Charming & maintained building.

Last Agent to Sell the Property

Miritssa Casas

Milly Sells Az Brokerage Phone: 480-438-0299 License #BR634116000

Last Buyer's Agent

Liem Tran

HomeSmart License #SA510333000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $935

Year Built

  • Built in 1973

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

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 electricity, 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 $7,155
  • Gross Income $33,516
  • Net Operating Income $26,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$935

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: E Broadway & Gilbert
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2016
  • Directions: S Gilbert Rd to right onto E Broadway Rd to address.
  • Attribution Contact: 480-438-0299
  • Road Surface Type: Concrete
  • Subdivision Name: OAK PARK MESA 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • 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

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

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

Fee Information

  • Annual Water Sewer Expense: 4320.0

Schools

  • Elementary School: Robson Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • 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: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 1100.0
  • Annual Gross Income: 33516.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 26140.0
  • Annual Operating Expense: 7155.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 935.0
  • 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
5
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

Map

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 Type Sale Price Title Company
Warranty Deed $325,000 Empire West Title Agency Llc
Warranty Deed $275,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Driggs Title Agency Inc
Warranty Deed $225,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Special Warranty Deed $99,000 First American Title Ins Co
Trustee Deed $108,000 Security Title Agency
Interfamily Deed Transfer -- --
Warranty Deed $270,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 Commercial
Previous Owner $206,250 New Conventional
Previous Owner $220,924 FHA
Previous Owner $74,250 New Conventional
Previous Owner $299,700 Negative Amortization
Previous Owner $216,000 Adjustable Rate Mortgage/ARM
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

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

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5598287

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-489