NOT LISTED FOR SALE

Estimated Value: $557,167 - $724,000

-- Bed
-- Bath
2,944 Sq Ft
$217/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $326,000 $111 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $3,677/month

7 Days on Market

Highlights

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

About This Home

As of April 2018

In this well kept 4-plex there are 2 bedrooms one bath units. Building has been painted outside 2 years ago and desert re-decorate for easy maintenance. Tile in all units. All 4 AC units were replaced in 2012, Roof was replaced 2009. One unit has double pane glass. Individual patio and storage. Owners storage is set for laundry, possibility for coin operated machines. The location is close to schools, freeways and future tram. Buyer to verify all facts, figures during inspection period.

Last Listed By

Mike Bozicevic

Century 21 Arizona Foothills License #SA557189000 Listed on: 03/09/2018

Century 21 Arizona Foothills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $995

Year Built

  • Built in 1972

Lot Details

  • 8,756

Home Design

  • Foam Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking

Schools

  • Mesa Junior High School
  • Mesa High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Tax Lot 88
  • Assessor Parcel Number 140-25-498

Community Details

Overview

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

Building Details

  • Operating Expense $10,936
  • Gross Income $24,909
  • Net Operating Income $14,709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$995

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Gilbert & Broadway
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2017
  • Directions: East on Broadway. Parking is in the back (alley).
  • Road Surface Type: Asphalt
  • Subdivision Name: OAK PARK MESA 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, 1 Space/Unit, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • Elementary School: Mesa Junior High School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 8754
  • Additional Parcels: No
  • Parcel #: 140-25-498

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 360.0
  • Annual Gross Income: 24909.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 14709.0
  • Annual Operating Expense: 10936.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 995.0
  • Tax Book Number: 140.00
  • Tax Lot: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2023
Sold by
Williams Scott
Bought by
2250 E Broadway Road Trust
Total Days on Market
7
Current Estimated Value
$639,542

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 25, 2018
Sold by
Williams Tamara
Bought by
Williams Scott
Seller's Agent
Mike Bozicevic
Century 21 Arizona Foothills
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$345,000
Sold Price
$326,000
Premium/Discount to List
-$19,000
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%
Original Mortgage
$244,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2013
Sold by
Bozicevic Mike
Bought by
Bozicevic Mike and Bozicevic Family Trust

Purchase Details

Closed on
Jun 30, 2006
Sold by
Bozicevic Mike and Bozicevic Veronica
Bought by
Bozicevic Mike and Bozicevic Veronica

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
2250 E Broadway Road Trust -- None Listed On Document
Williams Scott -- Clear Title Agency Of Arizon
Williams Scott $326,000 Clear Title Agency Of Arizon
Bozicevic Mike -- None Available
Bozicevic Mike -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Scott $311,500
Previous Owner Williams Scott $244,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $326,000 -5.5% $111 / Sq Ft
03/09/2018 03/09/18 For Sale $345,000 -- $117 / 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 $1,158 $11,796 -- --
2024 $1,167 $11,234 -- --
2023 $1,167 $46,000 $9,200 $36,800
2022 $1,143 $32,670 $6,530 $26,140
2021 $1,157 $28,330 $5,660 $22,670
2020 $1,142 $25,150 $5,030 $20,120
2019 $1,067 $18,600 $3,720 $14,880
2018 $1,024 $16,410 $3,280 $13,130
2017 $994 $14,110 $2,820 $11,290
2016 $975 $12,910 $2,580 $10,330
2015 $917 $11,930 $2,380 $9,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5734726

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-498