NOT LISTED FOR SALE

Estimated Value: $388,318 - $481,000

1 Bed
2 Baths
2,061 Sq Ft
$211/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $525,000 $255 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,310/month

31 Days on Market

Highlights

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

About This Home

As of June 2020

Bargain, Bargain, Bargain, Updated. Currently there is New Flooring, New Windows, New Roof, New Air Conditioner and More. Good Cash Flow ! Unique Opportunity with 2000 Plus Square Foot Home and a Fourplex Located in Down Town Mesa which has Government Buildings, Arts Center, Colleges, Restaurants and More. Walk to the Light Rail. The Home is a 4 or 5 Bedroom. Zoning is for Town Center (TC) Currently Property is Owner Operated All Facts and Figures are Approximate, Buyer to Verify to Their Satisfaction

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 03/21/2020

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

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,418

Year Built

  • Built in 1949

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Concrete

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 6 / 18
  • Assessor Parcel Number 138-48-022-B

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 50X226
  • Mesa Subdivision

Building Details

  • Operating Expense $14,714
  • Gross Income $48,888
  • Net Operating Income $34,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,418

Year Built

Built in 1949

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Cross Street: MAIN/CENTER STREETS
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: TCR2
  • Number Of Buildings: 2
  • Year Built: 1949
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2786.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: MESA
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • 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
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4560.0

Lot Info

  • Lot Size: 50X226
  • Additional Parcels: Yes
  • Parcel #: 138-48-022-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 48888.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2250.0
  • Property Net Operating Income: 34174.0
  • Annual Operating Expense: 14714.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2418.0
  • Tax Block: 18
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2023
Sold by
Williams Scott D and Williams Tamara Z
Bought by
220 S Hibbert Trust
Current Estimated Value
$435,330

Purchase Details

Listed on
Mar 21, 2020
Closed on
Jun 16, 2020
Sold by
Elizalde Jonathan Michael and Contreas Araceli
Bought by
Williams Scott D and Williams Tamara Z
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.23%
Original Mortgage
$341,250
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 8, 2017
Closed on
Feb 8, 2018
Sold by
Kopec Family Lp
Bought by
Elizalde Jonathan Michael Leon and Contreras Araceli
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
List Price
$429,900
Sold Price
$423,600
Premium/Discount to List
-$6,300
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$270,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2006
Sold by
Kopec Family Properties Llc
Bought by
K Mibbert Sm Llc

Purchase Details

Closed on
Jun 6, 2005
Sold by
Kopec Stanislaw
Bought by
Kopec Family Properties Llc

Purchase Details

Closed on
Jul 25, 2003
Sold by
Kopec Anna
Bought by
Kopec Stanislaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
220 S Hibbert Trust -- None Listed On Document
Williams Scott D $525,000 Clear Title Agency Of Az
Elizalde Jonathan Michael Leon $423,600 Great American Title Agency
K Mibbert Sm Llc -- None Available
Kopec Family Properties Llc -- --
Kopec Stanislaw -- Ticor Title Agency Of Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Scott D $341,250
Previous Owner Elizalde Jonathan Michael Leon $270,000
Previous Owner Kopec Stanislaw $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2020 06/18/20 Sold $525,000 0.0% $255 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $525,000 +23.9% $255 / Sq Ft
02/28/2018 02/28/18 Sold $423,600 0.0% $206 / Sq Ft View Prior Sale
01/19/2018 01/19/18 Pending -- -- --
12/29/2017 12/29/17 Off Market $423,600 -- --
12/08/2017 12/08/17 For Sale $429,900 -- $209 / 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 $889 $9,013 -- --
2024 $892 $8,584 -- --
2023 $892 $28,400 $5,680 $22,720
2022 $874 $21,080 $4,210 $16,870
2021 $884 $19,360 $3,870 $15,490
2020 $873 $16,930 $3,380 $13,550
2019 $815 $17,820 $3,560 $14,260
2018 $783 $16,630 $3,320 $13,310
2017 $759 $14,070 $2,810 $11,260
2016 $745 $12,860 $2,570 $10,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6053865

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-48-022B

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