NOT LISTED FOR SALE

Estimated Value: $450,000 - $516,000

-- Bed
-- Bath
1,696 Sq Ft
$288/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $585,000 $345 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,660/month

30 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2017

Wow, turn key 100% occupied, and great tenants! This is for all 7 1 bedroom units plus a single family home! These parcels were carefully assembled over the past few years. There is a tri-plex, a four-plex, and a single family home so you are able to use conventional financing for all 3 parcels. The triplex and four-plex were remodeled and are clean! These units are in the heart of the Temple District. Check out the ROI - it's great!! Includes 237, 241, and 243 S Hobson.

Last Agent to Sell the Property

Karl Freund

Kenneth James Realty License #BR586913000 Listed on: 07/05/2017

Kenneth James Realty

Last Buyer's Agent

Keith Howard

JK Realty License #SA641823000

JK Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $717

Year Built

  • Built in 1961

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Parking Spaces
  • Carport

Schools

  • Lowell Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 138-29-006

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8340
  • Temple Villa Subdivision

Building Details

  • Operating Expense $6,697
  • Gross Income $48,895
  • Net Operating Income $48,895

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$717

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Main/Hobson
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2016
  • Directions: South on Hobson (halfway between Mesa Dr and Horne) from Main. Parcels are on the East side of Hobson
  • Road Surface Type: Asphalt
  • Subdivision Name: Temple Villa
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

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

Lot Info

  • Lot Size: 8340
  • Additional Parcels: Yes
  • Parcel #: 138-29-006

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 48894.6
  • Insurance Expense: 980.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 48894.6
  • Annual Operating Expense: 6697.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 717.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Trezza Karen A and Trezza Richard J
Bought by
Zero Gravity Investments Llc
Current Estimated Value
$488,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,400
Outstanding Balance
$695,577
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
-$228,244

Purchase Details

Listed on
Jul 5, 2017
Closed on
Oct 4, 2017
Sold by
Kahalas Jennifer C
Bought by
Trezza Karen A and Trezza Richard J
Seller's Agent
Karl Freund
Kenneth James Realty
Buyer's Agent
Keith Howard
JK Realty
List Price
$589,000
Sold Price
$585,000
Premium/Discount to List
-$4,000
-0.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.77%
Original Mortgage
$150,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2010
Sold by
Kahalas Jeremy
Bought by
Kahalas Jennifer

Purchase Details

Closed on
Jul 9, 2010
Sold by
Federal National Mortgage Association
Bought by
Kahalas Jennifer C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,750
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2010
Sold by
Beltran Edward and Beltran Irene M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 14, 2007
Sold by
Beltran Edward S
Bought by
Beltran Edward S and The Edward S Beltran Living Trust

Purchase Details

Closed on
Nov 30, 2004
Sold by
Beltran Edward S and Beltran Irene M
Bought by
Beltran Edward S and Beltran Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2004
Sold by
Holland James E and Holland Jonnie E
Bought by
Beltran Edward S and Beltran Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2001
Sold by
Lunt J Michael and Lunt Lexie E
Bought by
Holland Joseph E and Holland James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1998
Sold by
Lunt J Michael and Lunt Lexy E
Bought by
Lunt J Michael and Lunt Lexie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,280
Interest Rate
6.88%
Source: Public Records

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
Zero Gravity Investments Llc -- None Available
Zero Gravity Investments Llc -- None Available
Zero Gravity Investments Llc -- None Available
Trezza Karen A $200,000 Fidelity National Title Agen
Kahalas Jennifer -- Security Title Agency
Kahalas Jennifer C $73,000 Security Title Agency
Federal National Mortgage Association $154,318 First American Title
Beltran Edward S -- None Available
Beltran Edward S -- --
Beltran Edward S $195,000 Transnation Title
Holland Joseph E $160,000 Chicago Title Insurance Co
Lunt J Michael -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zero Gravity Investments Llc $757,400
Previous Owner Trezza Karen A $150,000
Previous Owner Kahalas Jennifer C $54,750
Previous Owner Beltran Edward S $156,000
Previous Owner Holland Joseph E $128,000
Previous Owner Lunt J Michael $62,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $585,000 -0.7% $345 / Sq Ft
08/26/2017 08/26/17 For Sale $589,000 0.0% $347 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $589,000 -- $347 / 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 $851 $8,673 -- --
2024 $858 $8,260 -- --
2023 $858 $27,110 $5,420 $21,690
2022 $841 $20,670 $4,130 $16,540
2021 $851 $17,030 $3,400 $13,630
2020 $840 $15,350 $3,070 $12,280
2019 $785 $13,380 $2,670 $10,710
2018 $753 $11,870 $2,370 $9,500
2017 $731 $10,010 $2,000 $8,010
2016 $717 $9,150 $1,830 $7,320
2015 $674 $8,060 $1,610 $6,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5628993

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-006