$375,000
SOLD OCT 3, 2019 RENTED MAY 8, 2025

2650 E Mckellips Rd Unit 207 Mesa, AZ 85213

Rancho de Arboleda Neighborhood
-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Recently Sold

5% Below List Price

3 Days on Market

Highlights

  • Heated Community Pool
  • Sport Court
  • Vinyl Flooring
  • Hermosa Vista Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of October 2019

Three units are 2 bedroom, 1 bath and one unit is 2 bedroom, 2 bath. 100% occupied and has been for years. Units have been updated. One unit was updated from top to bottom just 2 years ago. Building has laundry room w/leased washer and dryer, which provides additional income and has separate meter! Plenty of parking. HOA pays for comm pool- gen landscape+parking lot+sports court+trash. Tenants pay electric for units. Selling agent is also a licensed Realtor. All information to be verified by the buyer during their due diligence period.

Last Agent to Sell the Property

Gregory JungePLLC

Sterling Fine Properties License #SA655761000 Listed on: 07/26/2019

Last Buyer's Agent

Shelsi Guthrie

Real Broker License #BR532488000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,614

Year Built

  • Built in 1988

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Tax Lot 21
  • Assessor Parcel Number 141-08-237

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10824
  • Four Peaks Estates Lot 1 24 Tr A Subdivision

Recreation

  • Sport Court
  • Heated Community Pool

Building Details

  • Operating Expense $11,351
  • Gross Income $38,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,614

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Cross Street: McKellips & Lindsey
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1988
  • Tax Year: 2018
  • Directions: McKellips & Lindsay - West on Lindsey - Property on North side of Road - Building 21 is located on East side of complex
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3800.0
  • Subdivision Name: FOUR PEAKS ESTATES LOT 1-24 TR A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Individual, Central A/C
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Sport Court, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:Sport Court: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 10824
  • Additional Parcels: No
  • Parcel #: 141-08-237

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 265.0
  • Annual Gross Income: 38000.0
  • Insurance Expense: 80.0
  • Property Net Operating Income: 30000.0
  • Annual Operating Expense: 11351.0

Tax Info

  • Tax Annual Amount: 1614.0
  • Tax Book Number: 141.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2019
Closed on
Oct 2, 2019
Sold by
Arya Vibhu and Kumar Heena
Bought by
Syre Ventures Llc
Seller's Agent
Gregory JungePLLC
Sterling Fine Properties
Buyer's Agent
Shelsi Guthrie
Real Broker
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Current Estimated Value
$765,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,736
Avg. Annual Appreciation
13.10%
Original Mortgage
$281,250
Outstanding Balance
$249,087
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$516,649

Purchase Details

Listed on
Jul 26, 2019
Closed on
Sep 23, 2019
Sold by
Junge Gregory C and Junge Mandy R
Bought by
Arya Vibhu Vrat and Kumar Heena
Seller's Agent
Gregory JungePLLC
Sterling Fine Properties
Buyer's Agent
Shelsi Guthrie
Real Broker
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Outstanding Balance
$249,087
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$516,649

Purchase Details

Listed on
May 14, 2019
Closed on
Jul 29, 2019
Sold by
Junge Gregory C and Junge Mandy R
Bought by
Junge Gregory C and Junge Mandy R
Seller's Agent
Brendan Hesser
Arizona Elite Properties
Buyer's Agent
Brendan Hesser
Arizona Elite Properties
Sold Price
$775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Outstanding Balance
$249,087
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$516,649

Purchase Details

Listed on
Jun 30, 2017
Closed on
Dec 14, 2017
Sold by
Junge Gregory C
Bought by
Buy And Hold Llc
Seller's Agent
Diana Creason
Sundial Real Estate
Buyer's Agent
Gregory JungePLLC
Sterling Fine Properties
List Price
$315,000
Sold Price
$292,000
Premium/Discount to List
-$23,000
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.25%
Original Mortgage
$204,400
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2017
Closed on
Oct 19, 2017
Sold by
Junge Mandy Rae
Bought by
Junge Gregory C
Seller's Agent
Diana Creason
Sundial Real Estate
Buyer's Agent
Gregory JungePLLC
Sterling Fine Properties
List Price
$315,000
Sold Price
$292,000
Premium/Discount to List
-$23,000
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,400
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2012
Sold by
Lindenmuth Katherine Ann
Bought by
Lindenmuth Real Estate Partners Vii Lp

Purchase Details

Closed on
Feb 9, 2012
Sold by
Lindenmuth Gerald
Bought by
Lindenmuth Real Estate Partners Vii Lp

Purchase Details

Closed on
Apr 12, 2011
Sold by
Derosa Michael
Bought by
Derosa Michael and Derosa Lucia

Purchase Details

Closed on
Nov 3, 2009
Sold by
Toy Jennifer
Bought by
Lindemuth Gerald

Purchase Details

Closed on
May 6, 2005
Sold by
Laundre Laura L
Bought by
Toy Jennifer and Laundre Jennifer Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2004
Sold by
Four Peaks Apartment Llc
Bought by
Laundre Laura Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Lechter Philip Scott
Bought by
Ascension Properties Llc

Purchase Details

Closed on
Nov 13, 2002
Sold by
Olson John
Bought by
Olson John

Purchase Details

Closed on
Aug 15, 2002
Sold by
Deane William M and Deane Dorthea M
Bought by
Four Peaks Apartments Llc

Purchase Details

Closed on
Apr 3, 1997
Sold by
Bailly Ron and Bailly Tami Lea
Bought by
Deane William M and Deane Dorthea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
7.66%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security Title Agency Inc
Warranty Deed $375,000 Security Title Agency
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- Security Title Agency Inc
Warranty Deed $292,000 Security Title Agency Inc
Interfamily Deed Transfer -- First American Title Ins Co
Quit Claim Deed -- First American Title
Interfamily Deed Transfer -- Security Title Agency
Trustee Deed $125,500 None Available
Warranty Deed $325,000 Tsa Title Agency
Warranty Deed $210,000 Guaranty Title Agency
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Quit Claim Deed $164,500 --
Warranty Deed $148,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $281,250 New Conventional
Previous Owner $65,000 Credit Line Revolving
Previous Owner $204,400 New Conventional
Previous Owner $260,000 Purchase Money Mortgage
Previous Owner $189,000 New Conventional
Previous Owner $73,000 Seller Take Back
Closed $32,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Rented $899 0.0% --
05/03/2025 05/03/25 Under Contract -- -- --
04/25/2025 04/25/25 Price Changed $899 -10.0% $1 / Sq Ft
04/17/2025 04/17/25 Price Changed $999 -9.1% $1 / Sq Ft
04/11/2025 04/11/25 Price Changed $1,099 -8.3% $1 / Sq Ft
03/07/2025 03/07/25 Price Changed $1,199 -14.3% $1 / Sq Ft
01/17/2025 01/17/25 For Rent $1,399 +16.7% --
10/11/2022 10/11/22 Rented $1,199 0.0% --
10/04/2022 10/04/22 Price Changed $1,199 -7.7% $1 / Sq Ft
09/28/2022 09/28/22 Price Changed $1,299 -13.3% $2 / Sq Ft
09/23/2022 09/23/22 For Rent $1,499 +15.4% --
09/08/2021 09/08/21 Rented $1,299 0.0% --
08/17/2021 08/17/21 For Rent $1,299 +73.4% --
08/13/2020 08/13/20 Rented $749 0.0% --
08/13/2020 08/13/20 Under Contract -- -- --
07/30/2020 07/30/20 Price Changed $749 -6.3% $0 / Sq Ft
07/23/2020 07/23/20 Price Changed $799 -5.9% $0 / Sq Ft
06/29/2020 06/29/20 Price Changed $849 -5.6% $0 / Sq Ft
06/19/2020 06/19/20 For Rent $899 +0.4% --
02/04/2020 02/04/20 Rented $895 0.0% --
01/03/2020 01/03/20 For Rent $895 0.0% --
10/03/2019 10/03/19 Sold $375,000 -5.1% --
10/02/2019 10/02/19 Price Changed $395,000 0.0% --
07/29/2019 07/29/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $395,000 0.0% --
06/03/2019 06/03/19 Rented $775 0.0% --
05/16/2019 05/16/19 Under Contract -- -- --
05/14/2019 05/14/19 For Rent $775 0.0% --
10/20/2017 10/20/17 Sold $292,000 -7.3% --
09/14/2017 09/14/17 Pending -- -- --
09/12/2017 09/12/17 For Sale $315,000 0.0% --
09/04/2017 09/04/17 Pending -- -- --
08/05/2017 08/05/17 For Sale $315,000 0.0% --
07/21/2017 07/21/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $315,000 0.0% --
07/03/2017 07/03/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $315,000 -- --
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 $1,829 $18,373 -- --
2024 $1,844 $17,498 -- --
2023 $1,844 $46,680 $9,330 $37,350
2022 $1,807 $36,270 $7,250 $29,020
2021 $1,824 $31,980 $6,390 $25,590
2020 $1,800 $30,000 $6,000 $24,000
2019 $1,683 $24,110 $4,820 $19,290
2018 $1,614 $23,750 $4,750 $19,000
2017 $1,567 $21,270 $4,250 $17,020
2016 $1,537 $20,070 $4,010 $16,060
2015 $1,443 $17,330 $3,460 $13,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5957421

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-08-237