NOT LISTED FOR SALE

Estimated Value: $393,000 - $443,000

4 Beds
-- Bath
1,680 Sq Ft
$246/Sq Ft Est. Value

Sale Details

Date Sold: September 20, 2021

Last sale price $340,000 $202 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,269 / mo

56 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2021

A DIAMOND IN THE ROUGH! This duplex has so much potential. Located in the DOWNTOWN OPPORTUNITY ZONE where they just built an ASU campus PLUS a bunch of new restaurants, micro-breweries, shopping, and now the light rail. There is a TON of growth happening in this area making this the PERFECT investment property or a great opportunity to live in one unit while earning passive income from the other. Both units are 2 bedrooms, 1 bathroom and are separately metered. They could use some TLC but don't be fooled, current rents are well below market value. House is being sold ''as is''. TENANT OCCUPIED. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Sarah Diaz

Mojica & Associates Real Estate License #SA690840000 Listed on: 06/09/2021

Last Buyer's Agent

Steven Meyerhoff

Compass License #SA664388000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $855

Year Built

  • Built in 1957

Lot Details

  • 8,538

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 14 / 1
  • Assessor Parcel Number 138-29-014

Community Details

Overview

  • 2 Units
  • Building Dimensions are 121 x 59
  • Temple Villa Subdivision

Building Details

  • Operating Expense $8,062
  • Gross Income $18,000
  • Net Operating Income $10,181

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$855

Year Built

Built in 1957

Lot Details

8,538 Sq Ft Lot

Listing Details

  • Cross Street: Broadway and Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: TEMPLE VILLA
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air, 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

Fee Information

  • Annual Water Sewer Expense: 2280.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 121 x 59
  • Additional Parcels: No
  • Parcel #: 138-29-014

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 18000.0
  • Insurance Expense: 727.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 10181.0
  • Annual Operating Expense: 8062.32

Tax Info

  • Tax Annual Amount: 855.32
  • Tax Block: 1
  • Tax Book Number: 138.00
  • Tax Lot: 14

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

Listed on
Jun 9, 2021
Closed on
Aug 20, 2021
Sold by
Bought by
Seller's Agent
Sarah Diaz
Mojica & Associates Real Estate
Buyer's Agent
Steven Meyerhoff
Compass
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Current Estimated Value
$406,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,698
Avg. Annual Appreciation
4.09%
Original Mortgage
$333,841
Interest Rate
0.027%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2018
Sold by
Bought by

Purchase Details

Listed on
Nov 20, 2017
Closed on
Jan 25, 2018
Sold by
Bought by
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Michael Innes
HomeSmart
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%
Original Mortgage
$120,000
Interest Rate
0.0393%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2017
Closed on
Jan 19, 2018
Sold by
Bought by
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Michael Innes
HomeSmart
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
0.0393%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2003
Sold by
Bought by
Source: Public Records
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

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
$340,000 Valleywide Title Agency
-- None Available
$160,000 Pioneer Title Agency Inc
-- Pioneer Title Agency Inc
-- --
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 $333,841
Closed $120,000
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
09/20/2021 09/20/21 Sold $340,000 -5.6% $202 / Sq Ft
09/01/2021 09/01/21 For Sale $360,000 0.0% $214 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $360,000 +125.0% $214 / Sq Ft
01/30/2018 01/30/18 Sold $160,000 -8.6% $95 / Sq Ft View Prior Sale
12/29/2017 12/29/17 Pending -- -- --
11/20/2017 11/20/17 For Sale $175,000 -- $104 / 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 $872 $8,834 -- --
2024 $874 $8,413 -- --
2023 $874 $29,980 $5,990 $23,990
2022 $856 $22,900 $4,580 $18,320
2021 $867 $19,280 $3,850 $15,430
2020 $855 $17,200 $3,440 $13,760
2019 $799 $14,430 $2,880 $11,550
2018 $767 $11,800 $2,360 $9,440
2017 $744 $10,630 $2,120 $8,510
2016 $730 $9,820 $1,960 $7,860
2015 $686 $8,630 $1,720 $6,910
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6247684

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-014

Your Personal Tour Guide

Ask me questions while you tour the home.