NOT LISTED FOR SALE

263 N 93rd St Mesa, AZ 85207

University Manor Neighborhood

Estimated Value: $538,668

-- Bed
-- Bath
2,856 Sq Ft
$189/Sq Ft Est. Value

Last Sold December 27, 2018

Last sale price $295,000 $103 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,903/month

97 Days on Market

Highlights

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

About This Home

As of December 2018

Nice 4 plex apartment in East Mesa. Great income generating property with all 4 units occupied by good long term tenants. Tiles floors throughout. Each unit has its own fenced back yard. #4 has a huge yard and rents for $50 more. No HOA!

Last Agent to Sell the Property

Mark Niles

HomeSmart License #SA665826000 Listed on: 08/03/2018

HomeSmart

Last Buyer's Agent

Mark Niles

HomeSmart License #SA665826000 Listed on: 08/03/2018

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $732

Year Built

  • Built in 1985

Lot Details

  • 8,799

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 220-25-010

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,806 sq ft
  • Saguaro East Lot 1 11 Tr A C Subdivision

Building Details

  • Operating Expense $3,834
  • Gross Income $28,812
  • Net Operating Income $24,978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$732

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: University Dr. and Ellsworth Rd.
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2017
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: SAGUARO EAST LOT 1-11 TR A-C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Trash Expense: 335.4
  • Annual Water Sewer Expense: 1200.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8,806 sq ft
  • Additional Parcels: No
  • Parcel #: 220-25-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28812.0
  • Insurance Expense: 567.24
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 24977.76
  • Annual Operating Expense: 3834.24
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 731.6
  • Tax Book Number: 220.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2021
Sold by
Arriola Rigoberto and Arriola-Hansen April
Bought by
Friendship Manor Homecare Llc
Current Estimated Value
$538,668

Purchase Details

Closed on
Apr 17, 2021
Sold by
Arriola Rigoberto and Arriola Hansen April
Bought by
Friendship Manor Homecare Llc

Purchase Details

Closed on
Jan 31, 2020
Sold by
Friendship Manor Homecare Llc
Bought by
Arriola Rigoberto and Arriola Hansen April

Purchase Details

Listed on
Aug 3, 2018
Closed on
Dec 18, 2018
Sold by
Jcn 7 Rental Properties Llc
Bought by
Friendship Manor Homecare Llc
Seller's Agent
Mark Niles
HomeSmart
Buyer's Agent
Mark Niles
HomeSmart
List Price
$348,900
Sold Price
$295,000
Premium/Discount to List
-$53,900
-15.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Original Mortgage
$236,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 2012
Sold by
Niles James
Bought by
Jcn2 Rental Properties Llc

Purchase Details

Closed on
Nov 22, 2010
Sold by
Jcn Rentalproperties 2 Llc
Bought by
Niles James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2010
Sold by
Jcn2
Bought by
Niles James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2010
Sold by
Niles James
Bought by
Jcn Rental Properties 2 Llc

Purchase Details

Closed on
Mar 12, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Niles James

Purchase Details

Closed on
Oct 26, 2009
Sold by
Thoi Duc and Thoi Bonnie T
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 27, 2007
Sold by
Seese Jeffrey
Bought by
Thoi Duc and Thoi Bonnie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2005
Sold by
Seese Jennifer
Bought by
Seese Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,100
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 2, 2003
Sold by
Dozier Mitchell L and Dozier Juniata
Bought by
Dozier Mitchell L and Dozier Juanita
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Friendship Manor Homecare Llc -- None Listed On Document
Friendship Manor Homecare Llc -- None Available
Arriola Rigoberto -- None Available
Friendship Manor Homecare Llc $295,000 Old Republic Title Agency
Jcn2 Rental Properties Llc -- None Available
Niles James -- Lawyers Title Of Arizona Inc
Jcn Rentalproperties 2 Llc -- Lawyers Title Of Arizona Inc
Niles James -- None Available
Jcn Rental Properties 2 Llc -- None Available
Niles James -- None Available
Federal Home Loan Mortgage Corporation $113,691 Accommodation
Thoi Duc $292,000 First American Title Ins Co
Seese Jeffrey -- Alliance Title Partners
Seese Jeffery -- Alliance Title Partners
Dozier Mitchell L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Friendship Manor Homecare Llc $236,000
Previous Owner Niles James $66,500
Previous Owner Thoi Duc $219,000
Previous Owner Seese Jeffery $177,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2018 12/27/18 Sold $295,000 -4.8% $103 / Sq Ft
11/07/2018 11/07/18 Price Changed $310,000 -1.6% $109 / Sq Ft
10/22/2018 10/22/18 Price Changed $314,900 -1.6% $110 / Sq Ft
10/11/2018 10/11/18 Price Changed $319,900 -1.5% $112 / Sq Ft
10/03/2018 10/03/18 Price Changed $324,900 -1.2% $114 / Sq Ft
09/19/2018 09/19/18 Price Changed $328,900 -1.2% $115 / Sq Ft
08/30/2018 08/30/18 Price Changed $332,900 -2.1% $117 / Sq Ft
08/16/2018 08/16/18 Price Changed $339,900 -2.6% $119 / Sq Ft
08/03/2018 08/03/18 For Sale $348,900 -- $122 / 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 $858 $9,525 -- --
2024 $868 $9,071 -- --
2023 $868 $38,730 $7,740 $30,990
2022 $848 $28,130 $5,620 $22,510
2021 $846 $24,120 $4,820 $19,300
2020 $839 $20,420 $4,080 $16,340
2019 $777 $20,210 $4,040 $16,170
2018 $758 $16,910 $3,380 $13,530
2017 $732 $14,450 $2,890 $11,560
2016 $716 $13,520 $2,700 $10,820
2015 $669 $13,810 $2,760 $11,050
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Niles

    HomeSmart

    (480) 889-3700

    7 Total Sales

    Mark Niles
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5801995

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-25-010

Arizona Maricopa County Mesa 85207 University Manor

263 N 93rd St, Mesa, AZ

Not Listed for Sale

MultiFamily

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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