NOT LISTED FOR SALE

2306 E Broadway Rd Mesa, AZ 85204

Central Mesa Neighborhood

Estimated Value: $514,000 - $758,000

-- Bed
-- Bath
2,944 Sq Ft
$224/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $700,000 $238 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,582/month

50 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2024

Take a look at this exceptional investment opportunity. This well maintained 4-plex is in a great location near downtown Mesa. Do not go onto the property, drive-by only.

Last Agent to Sell the Property

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 01/08/2024

Last Buyer's Agent

Damian Godoy

My Home Group Real Estate License #BR623758000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,169

Year Built

  • Built in 1973

Lot Details

  • 8,756

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 92
  • Assessor Parcel Number 140-25-502

Community Details

Overview

  • 4 Units
  • Building Dimensions are ERR
  • Oak Park Mesa Unit 2 Subdivision

Building Details

  • Operating Expense $1,169
  • Gross Income $54,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,169

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: OAK PARK MESA UNIT 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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: ERR
  • Additional Parcels: No
  • Parcel #: 140-25-502

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 54720.0
  • Annual Operating Expense: 1169.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1169.0
  • Tax Book Number: 140.00
  • Tax Lot: 92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Mar 29, 2024
Sold by
Altinay Semih and Altinay Oxana
Bought by
Hatch Dason and Haws Tyson Jensen
Seller's Agent
Larry Burr
ATLAS AZ, LLC
Buyer's Agent
Damian Godoy
My Home Group Real Estate
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%
Views
28
Current Estimated Value
$659,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,044
Avg. Annual Appreciation
-3.51%
Original Mortgage
$525,000
Outstanding Balance
$493,352
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$166,604

Purchase Details

Closed on
Aug 31, 2011
Sold by
Kahuna Investments Llc
Bought by
Maloney John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,577
Interest Rate
4.46%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 2011
Sold by
Carvalho Marco and Carvalho Karina
Bought by
Kahuna 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
$98,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2004
Sold by
Rincon Graciela
Bought by
Carvalho Marco and Carvalho Karina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,920
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2001
Sold by
Ferrin Douglas H
Bought by
Rincon Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,208
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2001
Sold by
Ferrin Douglas H and Ferrin Susan M
Bought by
Ferrin Douglas H and Ferrin Susan M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hatch Dason $700,000 Empire Title Agency
Maloney John $135,000 Chicago Title
Kahuna Investments Llc $66,000 American Title Service Agenc
Carvalho Marco $209,900 Security Title Agency Inc
Rincon Graciela $164,500 Chicago Title Insurance Co
Ferrin Douglas H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatch Dason $525,000
Previous Owner Maloney John $131,577
Previous Owner Kahuna Investments Llc $98,000
Previous Owner Carvalho Marco $167,920
Previous Owner Rincon Graciela $162,208
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2024 03/29/24 Sold $700,000 -6.5% $238 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $749,000 +74.2% $254 / Sq Ft
12/04/2020 12/04/20 Sold $430,000 -2.1% $146 / Sq Ft View Prior Sale
10/23/2020 10/23/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $439,000 -- $149 / 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 $1,166 $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

  • L

    Seller's Agent in 2024

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    3 in this area

    85 Total Sales

    Larry Burr
    Section Image
  • Damian Godoy

    Buyer's Agent in 2024

    Damian Godoy

    My Home Group Real Estate

    (480) 685-2760

    1 in this area

    257 Total Sales

    Damian Godoy
    Section Image
  • Shane Anderson

    Seller's Agent in 2020

    Shane Anderson

    Affinity Home Assets LLC

    (760) 415-8170

    2 in this area

    41 Total Sales

    Shane Anderson
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6647377

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-502

Arizona Maricopa County Mesa 85204 Central Mesa

2306 E Broadway Rd, Mesa, AZ

Not Listed for Sale

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

Nearby Homes