NOT LISTED FOR SALE

217 N Horne Mesa, AZ 85203

Fraser Fields Neighborhood
2 Beds
1 Bath
750 Sq Ft
1971 Built

Last Sold September 18, 2024

Last sale price $750,000 $1,000 Per Sq Ft

7 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating unit installed on the ceiling
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2024

This property comprises of five units and features a courtyard, offering a unique and appealing layout. Located near the ongoing rehabilitation of downtown Mesa and the Mesa LDS Temple, both of which are major drivers of community revitalization and increased property value in the area. The property presents significant upside potential through a targeted interior and exterior renovation program making it an attractive investment opportunity in a rapidly improving neighborhood.

Last Agent to Sell the Property

Colt Siler

Orion Investment Real Estate License #SA691810000 Listed on: 08/12/2024

Co-Listed By

Garrett Hemeyer

Orion Investment Real Estate License #SA684184000

Last Buyer's Agent

Garrett Hemeyer

Orion Investment Real Estate License #SA684184000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,929

Year Built

  • Built in 1971

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 138-21-018-B

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are Normal
  • Fraser Fields Lots 17 47, 66 96 Subdivision

Building Details

  • Operating Expense $1,929
  • Gross Income $61,560
  • Net Operating Income $48,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,929

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Horne & University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2023
  • Road Surface Type: Dedicated Street, Curb(s) & Gutter(s)
  • Co List Office Mls Id: mlso106
  • Co List Office Phone: 480-634-6934
  • Subdivision Name: FRASER FIELDS LOTS 17-47, 66-96
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • 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: None
  • Construction Type: Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Normal
  • Additional Parcels: No
  • Parcel #: 138-21-018-B

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 5
  • Annual Gross Income: 61560.0
  • Property Net Operating Income: 48600.0
  • Annual Operating Expense: 1929.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1929.0
  • Tax Book Number: 138.00
  • Tax Lot: 14

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $750,000 -15.5% $1,000 / Sq Ft
08/12/2024 08/12/24 For Sale $888,000 -- $1,184 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Colt Siler

    Seller's Agent in 2024

    Colt Siler

    Orion Investment Real Estate

    (480) 355-2222

    1 in this area

    14 Total Sales

    Colt Siler
    Section Image
  • Garrett Hemeyer

    Seller Co-Listing Agent in 2024

    Garrett Hemeyer

    Orion Investment Real Estate

    (480) 848-3168

    1 in this area

    18 Total Sales

    Garrett Hemeyer
    Section Image
  • Jackson Everhart

    Buyer Co-Listing Agent in 2024

    Jackson Everhart

    Orion Investment Real Estate

    (480) 634-6934

    1 in this area

    24 Total Sales

    Jackson Everhart
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6742818

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85203 Fraser Fields

217 N Horne, Mesa, AZ

This home is located at 217 N Horne, Mesa, AZ 85203 since 12 August 2024. This property was built in 1971. 217 N Horne is a home located in Maricopa County with nearby schools including Edison 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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