NOT LISTED FOR SALE

Estimated Value: $480,240 - $655,000

-- Bed
-- Bath
2,682 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $446,500 $166 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,113/month

4 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of July 2021

Overall the units are in good shape, just in need of some cosmetic fixes, paint, small repairs and carpet in one unit. 2 of the units have nice large tile flooring and updated range/ovens. 1 unit has an enclosed covered patio with a/c duct for additional square footage and extra room. Triplex with 1 vacant unit and 2 units rented with long term tenants on a month to month lease. Rents can be increased to market value. Tenants would like to stay with reasonable new lease agreements. Tenants pay on time and have been self maintaining the units according to owner. Tenants currently pay all utility expenses for the units. New owner can get new leases signed and raise rents to market value.

Last Agent to Sell the Property

Chad Hagenson

Denali Real Estate, LLC Brokerage Email: connectcooper@gmail.com License #SA511594000 Listed on: 06/02/2021

Last Buyer's Agent

Matthew Hurtado

Delex Realty License #SA668754000

Delex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,010

Year Built

  • Built in 1983

Lot Details

  • 8,364

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 138-29-005

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8340
  • Temple Villa Subdivision

Building Details

  • Operating Expense $1,010
  • Net Operating Income $1,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,010

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: E to Hobson, N to property
  • Attribution Contact: connectcooper@gmail.com
  • Road Surface Type: Concrete, Sidewalk(s)
  • Subdivision Name: TEMPLE VILLA
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Disposal, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Siding, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8340
  • Additional Parcels: No
  • Parcel #: 138-29-005

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 3
  • Property Net Operating Income: 1275.0
  • Annual Operating Expense: 1010.0

Tax Info

  • Tax Annual Amount: 1010.0
  • Tax Block: 1
  • Tax Book Number: 138.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 6, 2021
Sold by
Wilcox Gloria S and The Wilcox Family Living Trust
Bought by
Barranco David
Seller's Agent
Chad Hagenson
Denali Real Estate, LLC
Buyer's Agent
Matthew Hurtado
Delex Realty
List Price
$425,000
Sold Price
$446,500
Premium/Discount to List
$21,500
5.06%
Current Estimated Value
$553,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,603
Avg. Annual Appreciation
6.07%
Original Mortgage
$434,550
Outstanding Balance
$398,535
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$169,601

Purchase Details

Closed on
Nov 7, 2017
Sold by
Wilcox Jerry D and Wilcox Gloria L
Bought by
Wilcox Jerry D and Wilcox Gloria L

Purchase Details

Closed on
Mar 1, 1999
Sold by
Schnebly Paul F and Schnebly Karen
Bought by
Wilcox Jerry and Wilcox Gloria S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.73%

Purchase Details

Closed on
Jan 17, 1997
Sold by
Huish Jared N and Huish Elaine M
Bought by
Schnebly Paul F and Schnebly Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,900
Interest Rate
7.74%
Mortgage Type
New Conventional
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
Barranco David $446,500 Empire West Title Agency Llc
Wilcox Jerry D -- None Available
Wilcox Jerry -- Transnation Title Ins Co
Schnebly Paul F $99,900 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez David Barranco $85,000
Open Barranco David $434,550
Previous Owner Wilcox Gloria S $177,000
Previous Owner Wilcox Jerry D $136,000
Previous Owner Wilcox Jerry $92,000
Previous Owner Schnebly Paul F $89,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $446,500 +5.1% $166 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $425,000 -- $158 / 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 $1,013 $11,515 -- --
2024 $1,024 $10,967 -- --
2023 $1,024 $39,580 $7,910 $31,670
2022 $1,002 $30,700 $6,140 $24,560
2021 $1,024 $25,310 $5,060 $20,250
2020 $1,010 $23,270 $4,650 $18,620
2019 $939 $20,030 $4,000 $16,030
2018 $898 $18,080 $3,610 $14,470
2017 $870 $14,850 $2,970 $11,880
2016 $854 $14,130 $2,820 $11,310
2015 $805 $11,950 $2,390 $9,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6244816

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-005