NOT LISTED FOR SALE

Estimated Value: $641,394

Studio
-- Bath
2,944 Sq Ft
$218/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2018

Last sale price $269,000 $91 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,561 / mo

2 Days on Market

Highlights

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

About This Home

As of February 2018

It's 100% occupied! Nicely maintained 4 plex in Mesa. All 2 bedroom units, lots of tile, individual patios and storage. Rents are under market at $565 each - all on short term leases. Landscaping is desert for easy maintenance. Buyer to verify all facts, figures, etc. during the inspection period.

Last Agent to Sell the Property

Lois Kaipainen

Income Property Shop License #SA567276000 Listed on: 01/30/2018

Co-Listed By

Jacqueline Sipes

Income Property Shop License #SA632419000

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $995

Year Built

  • Built in 1973

Lot Details

  • 8,756

Home Design

  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 89
  • Assessor Parcel Number 140-25-499

Community Details

Overview

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

Building Details

  • Operating Expense $7,295
  • Gross Income $25,764
  • Net Operating Income $18,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$995

Year Built

Built in 1973

Lot Details

8,756 Sq Ft Lot

Listing Details

  • Cross Street: Gilbert/Broadway
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: OAK PARK MESA 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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:Add_squote_l Parking Avail: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3300.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 140-25-499

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25764.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 18464.0
  • Annual Operating Expense: 7295.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 995.0
  • Tax Book Number: 140.00
  • Tax Lot: 89

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2021
Sold by
Bought by
Current Estimated Value
$641,394

Purchase Details

Closed on
Nov 21, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2018
Closed on
Mar 8, 2018
Sold by
Bought by
Seller's Agent
Lois Kaipainen
Income Property Shop
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$269,000
Sold Price
$269,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$201,750
Interest Rate
0.0415%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2018
Closed on
Mar 1, 2018
Sold by
Bought by
Seller's Agent
Lois Kaipainen
Income Property Shop
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$269,000
Sold Price
$269,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,750
Interest Rate
0.0415%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
0.0423%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
0.0517%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,120
Interest Rate
0.0687%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$475,000 First Integrity Title
-- First Integrity Ttl Agcy Of
$269,000 Chicago Title Agency Inc
-- Chicago Title Agency
$150,000 First American Title Ins Co
$105,000 Magnus Title Agency
$105,000 Magnus Title Agency
$72,001 None Available
$205,000 Security Title Agency
$163,900 Capital Title Agency Inc
$119,000 Transnation Title Insurance
$73,650 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $356,250
Closed $290,000
Closed $201,750
Closed $112,500
Closed $201,500
Closed $164,000
Closed $131,120
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2018 02/28/18 Sold $269,000 0.0% $91 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $269,000 +79.3% $91 / Sq Ft
04/22/2014 04/22/14 Sold $150,000 -3.2% $51 / Sq Ft View Prior Sale
04/01/2014 04/01/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $155,000 -- $53 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,166 $11,815 -- --
2024 $1,169 $11,252 -- --
2023 $1,169 $46,050 $9,210 $36,840
2022 $1,145 $32,700 $6,540 $26,160
2021 $1,159 $28,350 $5,670 $22,680
2020 $1,144 $25,180 $5,030 $20,150
2019 $1,069 $18,620 $3,720 $14,900
2018 $1,026 $16,430 $3,280 $13,150
2017 $995 $14,130 $2,820 $11,310
2016 $977 $12,950 $2,590 $10,360
2015 $918 $11,960 $2,390 $9,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5716000

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-499

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