NOT LISTED FOR SALE

Estimated Value: $524,000 - $808,000

Studio
-- Bath
2,145 Sq Ft
$285/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2020

Last sale price $325,000 $152 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,469 / mo

28 Days on Market

Highlights

  • 4 Car Attached Garage
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Fenced

About This Home

As of September 2020

This duplex at Gilbert Rd and Broadway has two 3 bed 2 bath units. Each unit has it's own electric meter. One side is rented at $800 per month (plus $75 for water) and the second side will be vacant in the next 30 days. Buyer could move into one side or rent it. Each side has private washer/dryer hook ups. Excellent investment in popular part of Mesa! Drive by only please until contract is accepted--Tenant's Rights Apply.

Last Agent to Sell the Property

Jennie Miller PLLC

Market Edge Realty, LLC License #BR638404000 Listed on: 08/31/2020

Last Buyer's Agent

Jennie Miller

Market Edge Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,283

Year Built

  • Built in 1971

Lot Details

  • Fenced

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces
  • Free Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Separate Meters
  • Gas Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer
  • Tax Lot 87
  • Assessor Parcel Number 140-25-497

Community Details

Overview

  • 2 Units
  • Building Dimensions are 8754
  • Oak Park Mesa 2 Subdivision

Building Details

  • Operating Expense $7,073
  • Gross Income $24,000
  • Net Operating Income $17,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,283

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: GILBERT RD AND BROADWAY RD
  • Property Type: Multiple Dwellings
  • Zoning: MULTI FAMILY
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: OAK PARK MESA 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Open, >1 Space Per Unit, Attached, Assigned
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Varies by Unit, Window/Wall Unit, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8754
  • Additional Parcels: No
  • Parcel #: 140-25-497

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 2
  • Annual Gross Income: 24000.0
  • Insurance Expense: 890.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 17780.0
  • Annual Operating Expense: 7073.0

Tax Info

  • Tax Annual Amount: 2283.0
  • Tax Book Number: 140.0
  • Tax Lot: 87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Nov 12, 2020
Sold by
Business Intelligence Technology Group I
Bought by
Raab Llc
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$610,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,848
Avg. Annual Appreciation
12.09%

Purchase Details

Listed on
Aug 31, 2020
Closed on
Sep 17, 2020
Sold by
Hargrave Clete R and Hargrave Kristin F
Bought by
Business Intelligence Tech Group Inc
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
List Price
$325,000
Sold Price
$325,000

Purchase Details

Listed on
Jul 14, 2016
Closed on
Nov 3, 2016
Sold by
Hernandez Leticia
Bought by
Hargrave Clete R and Hargrave Kristin F
Seller's Agent
Liza Drake
West USA Realty
Buyer's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
List Price
$290,000
Sold Price
$200,000
Premium/Discount to List
-$90,000
-31.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%
Original Mortgage
$196,377
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2008
Sold by
Bravo Odorico Bautista
Bought by
Hernandez Leticia

Purchase Details

Closed on
May 11, 1999
Sold by
Kroes Henry J and Kroes Patsy M
Bought by
Bravo Odorico Bautista
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
Raab Llc -- Accommodation
Business Intelligence Tech Group Inc $325,000 Driggs Title Agency Inc
Hargrave Clete R $200,000 Driggs Title Agency Inc
Hernandez Leticia $70,000 Security Title Agency
Bravo Odorico Bautista $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hargrave Clete R $196,377
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2020 09/28/20 Sold $325,000 0.0% $152 / Sq Ft
08/31/2020 08/31/20 For Sale $325,000 +62.5% $152 / Sq Ft
11/04/2016 11/04/16 Sold $200,000 0.0% $93 / Sq Ft View Prior Sale
09/21/2016 09/21/16 Pending -- -- --
09/01/2016 09/01/16 Price Changed $199,999 -11.5% $93 / Sq Ft
08/26/2016 08/26/16 Price Changed $226,000 -4.6% $105 / Sq Ft
08/19/2016 08/19/16 Price Changed $237,000 -4.8% $110 / Sq Ft
08/11/2016 08/11/16 Price Changed $249,000 -3.9% $116 / Sq Ft
08/05/2016 08/05/16 Price Changed $259,000 -3.7% $121 / Sq Ft
07/29/2016 07/29/16 Price Changed $269,000 -3.6% $125 / Sq Ft
07/21/2016 07/21/16 Price Changed $279,000 -3.8% $130 / Sq Ft
07/14/2016 07/14/16 For Sale $290,000 -- $135 / 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 $2,490 $25,238 -- --
2024 $2,498 $24,036 -- --
2023 $2,498 $39,500 $7,900 $31,600
2022 $2,446 $27,950 $5,590 $22,360
2021 $2,476 $24,950 $4,990 $19,960
2020 $2,444 $27,820 $5,560 $22,260
2019 $2,283 $23,780 $4,750 $19,030
2018 $2,191 $24,570 $4,910 $19,660
2017 $789 $10,970 $2,190 $8,780
2016 $883 $9,900 $1,980 $7,920
2015 $619 $8,870 $1,770 $7,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6127148

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-497

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