NOT LISTED FOR SALE

2650 E Mckellips Rd Unit 16 Mesa, AZ 85213

Rancho de Arboleda Neighborhood

Estimated Value: $730,069

8 Beds
4 Baths
750 Sq Ft
$973/Sq Ft Est. Value

Sale Details

Date Sold: August 15, 2012

Last sale price $192,500 $257 Per Sq Ft

Est. 279% increase in value since last sale

Current estimated payment $4,271 / mo

13 Days on Market

About This Home

As of August 2012

TURN KEY INVESTMENT PROPERTY OPERATING AT A 9.9% CAP RATE!!! UNIT MIX IS THREE 2/1 & ONE 2/2. THESE UNITS HAVE BEEN WELL MAINTAINED AND INCLUDE GRANITE LIKE COUNTER TOPS & UPDATED CABINETRY. ACCORDING TO OWNER UNITS BRING IN A GROSS RENTAL INCOME OF $29,700.00 (BUYER TO VERIFY DURING INSPECTIONS). IN ADDITION TO GROSS RENTAL INCOME, OWNER DOES HAVE WASHER & DRYER LEASE THAT GENERATES INCOME. BUYER MAY CHOOSE RENEW. (ALL FACTS AND FIGURES PROVIDED BY OWNER.)

Last Agent to Sell the Property

Nycole Leyba

Better Homes & Gardens Real Estate SJ Fowler License #SA561315000 Listed on: 07/16/2012

Last Buyer's Agent

David Johnson

Dave Johnson Realty License #BR626902000

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 5,663

Parking

  • Over 1 Space Per Unit

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Dishwasher

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • $1,344 per year Dock Fee
  • 4 Units
  • Building Dimensions are 5869 SF

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for trash collection, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Tax Municipality: Mesa
  • Appliances Included: Dishwasher, F/S Oven/Range, Refrigerator
  • Construction Finish: Stucco
  • Cross Street: Lindsay & McKellips
  • Legal Info Lot Number: 16
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 2600
  • Legal Description Abbrev: Four Peaks Estates Lt 01-24 Tr A
  • Marketing Name: FOURPLEX
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 8.00
  • Map Code Grid: Q40
  • Year Built: 1988
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Amenities: Cable TV Available, Desert Landscaping
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit
  • Total Parking Spaces: 5876.00
  • Covered Parking Spaces: 5868.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Gas: City Gas
  • Cooling: Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: See Remarks

Lot Info

  • Lot Size: 5869 SF

Multi Family

  • Income And Expenses Annual Ownr Asoc Fee: 2940.00
  • Income And Expenses Annual Water Sewer Exp: 840.00
  • Income And Expenses Net Operating Income: 22860.00
  • Income And Expenses Operating Exp: 5124.00
  • Income And Expenses Owner Association: Yes
  • Income And Expenses Totl Mnth Rntal Inc: 29700.00
  • Income And Expenses Vacancy Allowance: 0.25
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Sq Ft: 750
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1344.00

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
Jul 16, 2012
Closed on
Aug 13, 2012
Sold by
Johnson Georgiana G
Bought by
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
David Johnson
Dave Johnson Realty
List Price
$229,000
Sold Price
$192,500
Premium/Discount to List
-$36,500
-15.94%
Current Estimated Value
$730,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,569
Avg. Annual Appreciation
9.92%
Original Mortgage
$144,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2012
Closed on
Aug 11, 2012
Sold by
M J F Investments Inc
Bought by
Johnson Daniel A
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
David Johnson
Dave Johnson Realty
List Price
$229,000
Sold Price
$192,500
Premium/Discount to List
-$36,500
-15.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2011
Sold by
M & I Marshall & Ilsley Bank
Bought by
M J F Invsetments Inc

Purchase Details

Closed on
Jan 11, 2010
Sold by
Franco Ulises
Bought by
M & I Marshall & Ilsley Bank

Purchase Details

Closed on
Feb 18, 2004
Sold by
Franco Ulises
Bought by
Franco Ulises and The Ulises Franco & Norma J Fr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Rancho de Arboleda, AZ

  • Kim Panozzo Real Estate Agent - HomeSmart

    Kim Panozzo

    HomeSmart

    (623) 888-8019

    879 Total Sales

    1 in Rancho de Arboleda

    $615,000 Price

    Kim Panozzo
     Section Image
  • Andrea Garcia Real Estate Agent - Keller Williams Realty Sonoran Living

    Andrea Garcia

    Responds Quickly

    Keller Williams Realty Sonoran Living

    (623) 900-1696

    266 Total Sales

    2 in Rancho de Arboleda

    $715K - $719K Price Range

    Andrea Garcia
     Section Image
  • James Goodman Real Estate Agent - Keller Williams Realty Sonoran Living

    James Goodman

    Keller Williams Realty Sonoran Living

    (480) 750-7625

    198 Total Sales

    1 in Rancho de Arboleda

    $480,000 Price

    James Goodman
     Section Image
  • Brad MacLay Real Estate Agent - MacLay Real Estate

    Brad MacLay

    MacLay Real Estate

    (855) 491-1408

    89 Total Sales

    1 in Rancho de Arboleda

    $771,000 Price

    Brad MacLay
     Section Image
  • Cindy Nelson Real Estate Agent - Realty ONE Group

    Cindy Nelson

    Responds Quickly

    Realty ONE Group

    (623) 552-2726

    55 Total Sales

    1 in Rancho de Arboleda

    $675,000 Price

    Cindy Nelson
     Section Image
  • Michael Jeklinski, Jr Real Estate Agent - Mutual Property Advisors, LLC

    Michael Jeklinski, Jr

    Mutual Property Advisors, LLC

    (888) 960-0485

    29 Total Sales

    1 in Rancho de Arboleda

    $1,385,000 Price

    Michael Jeklinski, Jr
     Section Image
See All Agents

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
-- None Available
Johnson Daniel A $192,500 Stewart Title & Trust Of Pho
M J F Invsetments Inc $125,000 Security Title Agency
M & I Marshall & Ilsley Bank $112,521 Security Title Agency
Franco Ulises $246,000 Security Title Agency
Franco Ulises -- --
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
Open $555,000
Closed Johnson Daniel A $374,500
Closed Johnson Daniel A $144,000
Closed Johnson Daniel A $144,375
Previous Owner Franco Ulises $196,800
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
08/15/2012 08/15/12 Sold $192,500 -15.9% $257 / Sq Ft
07/29/2012 07/29/12 Pending -- -- --
07/16/2012 07/16/12 For Sale $229,000 -- $305 / 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 $1,785 $17,809
2024 $1,790 $16,961
2023 $1,790 $45,330 $9,060 $36,270
2022 $1,754 $35,220 $7,040 $28,180
2021 $1,770 $31,130 $6,220 $24,910
2020 $1,747 $29,200 $5,840 $23,360
2019 $1,633 $23,400 $4,680 $18,720
2018 $1,567 $23,020 $4,600 $18,420
2017 $1,520 $20,630 $4,120 $16,510
2016 $1,492 $19,480 $3,890 $15,590
2015 $1,401 $16,780 $3,350 $13,430
Source: Public Records

Agents Affiliated with this Home

  • NL

    Seller's Agent in 2012

    Nycole Leyba

    Better Homes & Gardens Real Estate SJ Fowler

  • DJ

    Buyer's Agent in 2012

    David Johnson

    Dave Johnson Realty

    (520) 906-8111

    3 in this area

    31 Total Sales

    David Johnson
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4789373

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-08-232

Arizona Maricopa County Mesa 85213 Rancho de Arboleda

2650 E Mckellips Rd Unit 16, Mesa, AZ

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.