NOT LISTED FOR SALE

2318 E Broadway Rd Mesa, AZ 85204

Central Mesa Neighborhood

Estimated Value: $650,000 - $726,000

-- Bed
-- Bath
5,888 Sq Ft
$115/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $625,000 $106 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,898/month

2 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of September 2021

⮚ Nicely gentrifying Mesa area near Downtown. All 2 bedroom unit building has a lot to offer & is nicely polished.
*Excellent Rents $1100/$1100/$945/$900-long-term'er.
⮚ Significantly upgraded! All new/newer HVAC units. Roof is about 3 yrs old. Exterior upgrades. All units have upgrades incl. kitchens/baths, more.
⮚ Fantastic curb appeal with nice touches that make this stand out from the competition. Off-street parking. Separate electric tenant paid. W/S/T owner paid.
⮚ Professionally managed. Coin operated laundry (seller owned). Plug & play!
⮚ 5.6 CAP but 6+ proforma. Major big ticket upgrades allow the buyer to save big with cap ex in future.

Buyer to complete/rely on own due diligence. OM attached (some expenses estimated).

Last Listed By

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 08/05/2021

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1972

Lot Details

  • 8,756

Home Design

  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Longfellow Elementary School
  • Taylor Junior High School
  • Mesa High School

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 94
  • Assessor Parcel Number 140-25-504

Community Details

Overview

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

Building Details

  • Operating Expense $16,251
  • Gross Income $50,100
  • Net Operating Income $34,991

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: BROADWAY & GILBERT
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: OAK PARK MESA UNIT 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks, Painted, Block
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Electric, See Remarks
  • Heating: Individual, Heat Pump, Electric, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

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

Lot Info

  • Lot Size: 8754
  • Additional Parcels: No
  • Parcel #: 140-25-504

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 50100.0
  • Property Net Operating Income: 34991.0
  • Annual Operating Expense: 16251.0

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Book Number: 140.00
  • Tax Lot: 94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 25, 2021
Sold by
Chiu Daphne
Bought by
Chiu Victor
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$625,000
Sold Price
$625,000
Total Days on Market
2
Current Estimated Value
$678,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,922
Avg. Annual Appreciation
2.29%
Original Mortgage
$468,750
Outstanding Balance
$431,149
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$247,773

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 24, 2021
Sold by
Seven Dees Llc
Bought by
Chiu Victor
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Outstanding Balance
$431,149
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$247,773

Purchase Details

Listed on
Jun 18, 2018
Closed on
Jun 26, 2018
Sold by
Brown Jacob and Brown Lisa
Bought by
Seven Dees Llc
Seller's Agent
Blake Williams
Balboa Realty, LLC
Buyer's Agent
David Barney
Fathom Realty
List Price
$330,000
Sold Price
$317,000
Premium/Discount to List
-$13,000
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.31%

Purchase Details

Closed on
Nov 30, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Brown Jacob and Brown Lisa

Purchase Details

Closed on
Dec 10, 2009
Sold by
Bac Home Loans Servicing Lp
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Dec 6, 2007
Sold by
Vatistas John
Bought by
2318 E Broadway Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2007
Sold by
Ramirez Jaime N and Hurtado Evangelina
Bought by
Vatistas John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2005
Sold by
Cortes Huvaldo A
Bought by
Ramirez Jaime N and Hurtado Evangelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,930
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2005
Sold by
Hurtado Tommy
Bought by
Hurtado Evangelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,930
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2005
Sold by
Arellano Huvaldo and Cortes Huvaldo A
Bought by
Cortes Huvaldo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2004
Sold by
Pelayo Maria
Bought by
Arellano Huvaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,825
Interest Rate
9.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2003
Sold by
Macias Luis A and Macias Genoveva A
Bought by
Arellano Huvaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,825
Interest Rate
9.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2002
Sold by
Engle Timothy E and Engle Susan M
Bought by
Macias Luis A and Macias Genoveva A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,029
Interest Rate
6.85%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 1998
Sold by
Cote Jeffrey A and Cote Mary M
Bought by
Mckinney Ronald P and Mckinney Rosetta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,050
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1997
Sold by
Kehoe Ellie R
Bought by
Cote Jeffrey A and Cote Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1995
Sold by
Kehoe Ellie R and Diamond Ellie R
Bought by
Kehoe Ellie R and Ellie R Kehoe Separate Property Trust

Purchase Details

Closed on
Nov 23, 1994
Sold by
Plaza Properties Inc
Bought by
Diamond Ellie R

Purchase Details

Closed on
Mar 7, 1994
Sold by
Mecca Michael D and Mecca Margaret A
Bought by
Plaza Properties Inc

Range of Values:

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Average Value
Not Available
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
Chiu Victor -- Dhi Title Agency
Chiu Victor $625,000 Dhi Title Agency
Seven Dees Llc $317,500 Driggs Title Agency Inc
Brown Jacob $60,000 Stewart Title & Trust Of Pho
Federal Home Loan Mortgage Corp -- First American Title
Bac Home Loans Servicing Lp $120,804 First American Title
2318 E Broadway Rd Llc -- Camelback Title Agency Llc
Vatistas John $235,000 Camelback Title Agency Llc
Ramirez Jaime N $329,900 Capital Title Agency Inc
Cortes Huvaldo A -- Capital Title Agency Inc
Hurtado Evangelina -- Capital Title Agency Inc
Ramirez Jaime N -- Capital Title Agency Inc
Cortes Huvaldo A -- Netco Title
Arellano Huvaldo -- Security Title Agency
Arellano Huvaldo $193,500 Security Title Agency
Macias Luis A $162,500 Security Title Agency
Mckinney Ronald P $128,300 Security Title Agency
Cote Jeffrey A $97,150 Security Title
Kehoe Ellie R -- --
Diamond Ellie R $75,000 First Southwestern Title
Plaza Properties Inc $65,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiu Victor $468,750
Closed Chiu Victor $468,750
Previous Owner Vatistas John $176,250
Previous Owner Ramirez Jaime N $230,930
Previous Owner Cortes Huvaldo A $188,000
Previous Owner Arellano Huvaldo $183,825
Previous Owner Arellano Huvaldo $183,825
Previous Owner Macias Luis A $161,029
Previous Owner Mckinney Ronald P $112,050
Previous Owner Cote Jeffrey A $87,400
Closed Macias Luis A $8,800
Closed Cortes Huvaldo A $14,000
Closed Ramirez Jaime N $49,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $625,000 0.0% $106 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $625,000 +97.2% $106 / Sq Ft
07/03/2018 07/03/18 Sold $317,000 -3.9% $54 / Sq Ft
06/18/2018 06/18/18 For Sale $330,000 -- $56 / 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

  • J

    Seller's Agent in 2021

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    1 in this area

    52 Total Sales

    James Stephens
    Section Image
  • Luis Espinoza

    Buyer's Agent in 2021

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    1 in this area

    134 Total Sales

    Luis Espinoza
    Section Image

  • B

    Seller's Agent in 2018

    Blake Williams

    Balboa Realty, LLC

    (480) 426-1590

    8 in this area

    240 Total Sales

    Blake Williams
    Section Image
  • David Barney

    Buyer's Agent in 2018

    David Barney

    Fathom Realty

    (480) 252-6459

    2 in this area

    258 Total Sales

    David Barney
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6274927

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-25-504

Arizona Maricopa County Mesa 85204 Central Mesa

2318 E Broadway Rd, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 2318 E Broadway Rd, Mesa, AZ 85204 since 05 August 2021 and is currently estimated at $678,922, approximately $115 per square foot. This property was built in 1972. 2318 E Broadway Rd is a home located in Maricopa County with nearby schools including Robson Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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

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