NOT LISTED FOR SALE

221 E 2nd St Mesa, AZ 85201

Downtown Mesa Neighborhood

Estimated Value: $368,929 - $533,000

-- Bed
1 Bath
800 Sq Ft
$575/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $180,000 $225 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $2,519/month

20 Days on Market

Highlights

  • Central Heating and Cooling System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of April 2015

Clean well priced Tri-Plex in Historic district of downtown Mesa. Includes units 221 which is a two bedroom and units 223,225 which are one bedrooms. lots of grass on flood irrigation. Close to everything! Everything your looking for in in a multi family units: covered parking, washer and dryer hookups, storage, central cooling and heating and each unit is separately metered ( electric, gas, water, trash and sewer. Tenants pay all of their own utilities. 100% occupied! Great cash flow opportunity!!

Last Agent to Sell the Property

Shawn Maxwell

Hub Realty License #SA638724000 Listed on: 02/26/2015

Last Buyer's Agent

Tom Ackerman

My Home Group Real Estate License #SA646611000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $920

Year Built

  • Built in 1955

Lot Details

  • 8,233

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 9 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for landscaping
  • Tax Lot 14
  • Assessor Parcel Number 138-63-015

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8250

Building Details

  • Operating Expense $2,660
  • Gross Income $1,663
  • Net Operating Income $19,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$920

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: r
  • Number Of Buildings: 1
  • Year Built: 1955
  • Tax Year: 2014
  • Directions: South on Mesa dr. to 2nd street, west to property
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Central A/C, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: 8250
  • Additional Parcels: No
  • Parcel #: 138-63-015

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 1662.5
  • Insurance Expense: 940.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 19950.0
  • Annual Operating Expense: 2659.54
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 919.54
  • Tax Book Number: 138.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2015
Closed on
Apr 20, 2015
Sold by
Maxwell Shawn A
Bought by
Hall Family Trust and Hall Julia M
Seller's Agent
Shawn Maxwell
Hub Realty
Buyer's Agent
Tom Ackerman
My Home Group Real Estate
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Current Estimated Value
$459,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,643
Avg. Annual Appreciation
10.10%
Original Mortgage
$119,000
Outstanding Balance
$92,855
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$398,113

Purchase Details

Closed on
Nov 24, 2010
Sold by
Maxwell Terri Lynn
Bought by
Maxwell Shawn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2010
Sold by
Btzkk Home Investments Llc
Bought by
Maxwell Shawn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2010
Sold by
Brown Wallace
Bought by
Btzkk Home Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2006
Sold by
Brown Sybil
Bought by
Brown Wallace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
6.39%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 18, 2006
Sold by
Brown Wallace
Bought by
Brown Wallace and Brown Sybil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
6.39%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 29, 2006
Sold by
Gator 1 Llc
Bought by
Brown Wallace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
6.39%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 9, 2006
Sold by
Roberts Alex
Bought by
Gator 1 Llc

Purchase Details

Closed on
Jun 1, 2004
Sold by
Murai Ichiro
Bought by
Roberts Alex
Source: Public Records

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 Buyer Sale Price Title Company
Hall Family Trust $170,000 Security Title Agency
Maxwell Shawn A -- Stewart Title & Trust Of Pho
Maxwell Shawn A $90,000 Stewart Title & Trust Of Pho
Btzkk Home Investments Llc $59,000 Stewart Title & Trust Of Pho
Brown Wallace -- Magnus Title Agency
Brown Wallace -- Magnus Title Agency
Brown Wallace $235,000 Magnus Title Agency
Gator 1 Llc -- Chicago Title Insurance Co
Roberts Alex $535,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Family Trust $119,000
Previous Owner Maxwell Shawn A $63,750
Previous Owner Maxwell Shawn A $63,750
Previous Owner Btzkk Home Investments Llc $63,000
Previous Owner Brown Wallace $47,000
Previous Owner Brown Wallace $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2015 04/23/15 Sold $180,000 -4.8% $225 / Sq Ft
03/18/2015 03/18/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $189,000 -- $236 / 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 $1,099 $11,194 -- --
2024 $1,108 $10,661 -- --
2023 $1,108 $36,710 $7,340 $29,370
2022 $1,085 $26,550 $5,310 $21,240
2021 $1,098 $21,250 $4,250 $17,000
2020 $1,084 $19,570 $3,910 $15,660
2019 $1,013 $15,370 $3,070 $12,300
2018 $972 $13,730 $2,740 $10,990
2017 $943 $10,930 $2,180 $8,750
2016 $925 $9,870 $1,970 $7,900
2015 $870 $10,550 $2,110 $8,440
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Shawn Maxwell

    Hub Realty

    Section Image
  • Tom Ackerman

    Buyer's Agent in 2015

    Tom Ackerman

    My Home Group

    (602) 459-2098

    33 Total Sales

    Tom Ackerman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5241985

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-63-015

Arizona Maricopa County Mesa 85201 Downtown Mesa

221 E 2nd St, Mesa, AZ

This home is located at 221 E 2nd St, Mesa, AZ 85201 since 26 February 2015 and is currently estimated at $459,643, approximately $574 per square foot. This property was built in 1955. 221 E 2nd St is a home located in Maricopa County with nearby schools including Eisenhower Center for Innovation, 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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