NOT LISTED FOR SALE

Estimated Value: $634,000 - $728,000

Studio
4 Baths
812 Sq Ft
$837/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $701,000 $863 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,653/month

4 Days on Market

Highlights

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

About This Home

As of October 2023

Building consists of 4 units, 2 upstairs and 2 downstairs. Majority if units have been renovated and renting at a premium. Various renovations include all tile flooring, new countertops, vanities & fixtures and interior paint. Units are easy to maintain and easily rented.Each HOA covers parking and landscaping. All units have been professionally managed and stable tenants. Current leases @ $1295/$1350/$1095/$815 on each unit.

Last Agent to Sell the Property

Chad Arend

Realty Executives Arizona Territory License #SA568776000 Listed on: 09/06/2023

Realty Executives Arizona Territory

Last Buyer's Agent

Tarun Chopra

1st Dream Realty License #SA655749000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

  • Guerrero Elementary School
  • Rhodes Junior High School
  • Dobson High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 7
  • Assessor Parcel Number 139-40-141

Community Details

Overview

  • 4 Units
  • Building Dimensions are 69 x 80
  • Amberwood Manor Subdivision

Building Details

  • Operating Expense $5,156
  • Gross Income $59,280
  • Net Operating Income $43,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,376

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Broadway & Country Club
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Subdivision Name: AMBERWOOD MANOR
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

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: City Electric
  • Cooling: Central Air, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes

Schools

  • Elementary School: Guerrero Elementary School
  • High School: Dobson High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Rhodes Junior High School

Lot Info

  • Lot Size: 69 x 80
  • Additional Parcels: No
  • Parcel #: 139-40-141

Multi Family

  • Owner Pays: Other, See Remarks, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 59280.0
  • Property Net Operating Income: 43680.0
  • Annual Operating Expense: 5156.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1376.0
  • Tax Book Number: 139.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 26, 2023
Sold by
Bjorndahl Jonathan Joseph and Bjorndahl Ann
Bought by
Jadavani Subhashkumar Vallabhbhai
Seller's Agent
Chad Arend
Realty Executives Arizona Territory
Buyer's Agent
Tarun Chopra
1st Dream Realty
List Price
$725,000
Sold Price
$701,000
Premium/Discount to List
-$24,000
-3.31%
Views
11
Current Estimated Value
$679,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,480
Avg. Annual Appreciation
-1.29%
Original Mortgage
$525,750
Outstanding Balance
$514,088
Interest Rate
7.18%
Mortgage Type
Construction
Estimated Equity
$165,432

Purchase Details

Listed on
Jul 24, 2019
Closed on
Dec 12, 2019
Sold by
Jcr Mesa Investment Llc
Bought by
Bjorndahl Jonathan Joseph and Bjorndahi Ann Kristine L
Seller's Agent
Chad Arend
Realty Executives Arizona Territory
Buyer's Agent
Chad Arend
Realty Executives Arizona Territory
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.84%
Original Mortgage
$288,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2013
Closed on
Dec 6, 2013
Sold by
Coester Robert
Bought by
Jcr Mesa Investments Llc
Seller's Agent
Toni Perera
Infinity Realty Arizona
Buyer's Agent
Chad Arend
Realty Executives Arizona Territory
List Price
$165,000
Sold Price
$155,500
Premium/Discount to List
-$9,500
-5.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.25%
Original Mortgage
$200,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2012
Sold by
Coester Sylvia
Bought by
Coester Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2002
Sold by
Jones James E and Jones Linda Lee
Bought by
Pope Michelle Lee and Jones Jeffrey James

Purchase Details

Closed on
Jun 14, 1997
Sold by
Borok Moss Jeffrey A and Borok Moss Donna
Bought by
Jones James E and Jones James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.92%
Mortgage Type
New Conventional
Source: Public Records
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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
Jadavani Subhashkumar Vallabhbhai $701,000 Pioneer Title Services
Bjorndahl Jonathan Joseph $385,000 Empire West Title Agency Llc
Jcr Mesa Investments Llc $311,000 Lawyers Title Of Arizona Inc
Coester Robert -- Stewart Title & Trust Of Pho
Coester Robert $155,000 Stewart Title & Trust Of Pho
Pope Michelle Lee -- --
Jones James E $130,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jadavani Subhashkumar Vallabhbhai $525,750
Previous Owner Bjorndahl Jonathan Joseph $288,750
Previous Owner Jcr Mesa Investments Llc $200,000
Previous Owner Coester Robert $112,500
Previous Owner Jones James E $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2023 10/26/23 Sold $701,000 -3.3% $863 / Sq Ft
09/29/2023 09/29/23 Off Market $725,000 -- --
09/11/2023 09/11/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $725,000 +88.3% $893 / Sq Ft
12/20/2019 12/20/19 Sold $385,000 -3.5% $474 / Sq Ft View Prior Sale
10/18/2019 10/18/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $399,000 +156.6% $491 / Sq Ft
12/12/2013 12/12/13 Sold $155,500 -5.8% $192 / Sq Ft View Prior Sale
06/19/2013 06/19/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $165,000 -- $203 / 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 $1,401 $14,200 -- --
2024 $1,405 $13,524 -- --
2023 $1,405 $43,270 $8,650 $34,620
2022 $1,376 $31,170 $6,230 $24,940
2021 $1,393 $25,010 $5,000 $20,010
2020 $1,375 $22,210 $4,440 $17,770
2019 $1,284 $18,330 $3,660 $14,670
2018 $1,233 $16,310 $3,260 $13,050
2017 $1,196 $14,820 $2,960 $11,860
2016 $1,174 $14,800 $2,960 $11,840
2015 $1,103 $14,650 $2,930 $11,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6601532

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-40-141

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