2318 E Broadway Rd Mesa, AZ 85204
Central Mesa Neighborhood
--
Bed
--
Bath
5,888
Sq Ft
8,756
Sq Ft Lot
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 Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,142
Year Built
- Built in 1972
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
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
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
2.28%
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
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Dhi Title Agency | |
| Warranty Deed | $625,000 | Dhi Title Agency | |
| Warranty Deed | $317,500 | Driggs Title Agency Inc | |
| Cash Sale Deed | $60,000 | Stewart Title & Trust Of Pho | |
| Corporate Deed | -- | First American Title | |
| Trustee Deed | $120,804 | First American Title | |
| Warranty Deed | -- | Camelback Title Agency Llc | |
| Warranty Deed | $235,000 | Camelback Title Agency Llc | |
| Warranty Deed | $329,900 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Netco Title | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $193,500 | Security Title Agency | |
| Joint Tenancy Deed | $162,500 | Security Title Agency | |
| Warranty Deed | $128,300 | Security Title Agency | |
| Warranty Deed | $97,150 | Security Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $75,000 | First Southwestern Title | |
| Warranty Deed | $65,500 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $468,750 | New Conventional | |
| Closed | $468,750 | No Value Available | |
| Previous Owner | $176,250 | Purchase Money Mortgage | |
| Previous Owner | $230,930 | New Conventional | |
| Previous Owner | $188,000 | New Conventional | |
| Previous Owner | $183,825 | Purchase Money Mortgage | |
| Previous Owner | $183,825 | Purchase Money Mortgage | |
| Previous Owner | $161,029 | FHA | |
| Previous Owner | $112,050 | New Conventional | |
| Previous Owner | $87,400 | New Conventional | |
| Closed | $8,800 | No Value Available | |
| Closed | $14,000 | No Value Available | |
| Closed | $49,400 | No Value Available |
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
| 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
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6274927
APN: 140-25-504
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.
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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