NOT LISTED FOR SALE

2650 E Mckellips Rd Unit 216 Mesa, AZ 85213

Rancho de Arboleda Neighborhood

Estimated Value: $599,700 - $973,000

-- Bed
-- Bath
3,560 Sq Ft
$210/Sq Ft Est. Value

Last Sold May 01, 2018

Last sale price $349,497 $98 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $4,290/month

73 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Hermosa Vista Elementary School Rated A-

About This Home

As of May 2018

Incredible fourplex in a fantastic location! Property consistently produces rents at $725,$725,$725,$700 a month. Potential to increase rent as well. All units are 2 bedrooms 2 baths. Complex also has swimming pool and tennis/basketball court. Never had any problems keeping these units 100 percent leased! Buyer to verify all facts and figures on their own.

Last Agent to Sell the Property

Beau Tanner

Perk Prop Real Estate License #SA660487000 Listed on: 01/20/2018

Last Buyer's Agent

Ryan Swan

HomeSmart License #SA661174000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,756

Year Built

  • Built in 1993

Lot Details

  • 6,011

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Hermosa Vista Elementary School
  • Stapley Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 141-08-233

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6005 SF

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,387
  • Gross Income $31,437
  • Net Operating Income $20,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,756

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Cross Street: Lindsay & Mckellips
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1993
  • Tax Year: 2017
  • Directions: Head west on Mckellips and community ''Four Peaks'' is on the right (North Side) of the road. Building is located at back right section.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Schools

  • Elementary School: Hermosa Vista Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Stapley Junior High School

Lot Info

  • Lot Size: 6005 SF
  • Additional Parcels: No
  • Parcel #: 141-08-233

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 919.0
  • Annual Gross Income: 31437.0
  • Insurance Expense: 1264.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 20050.0
  • Annual Operating Expense: 11387.0

Tax Info

  • Tax Annual Amount: 1756.0
  • Tax Book Number: 141.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2018
Closed on
Apr 23, 2018
Sold by
Tanner Maurice
Bought by
Hsieh Jerry and Lo Patricia
Seller's Agent
Beau Tanner
Perk Prop Real Estate
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$399,000
Sold Price
$349,497
Premium/Discount to List
-$49,503
-12.41%
Current Estimated Value
$745,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,403
Avg. Annual Appreciation
11.14%
Original Mortgage
$262,100
Outstanding Balance
$230,533
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$517,802

Purchase Details

Closed on
Jan 6, 2012
Sold by
Hendrickson Marilyn K
Bought by
Tanner Maurice

Purchase Details

Closed on
Oct 8, 2007
Sold by
Hendrickson Marilyn K
Bought by
Hendrickson Properties Az Inc

Purchase Details

Closed on
Jun 6, 2007
Sold by
Phan Thanh and Lam Lahn
Bought by
Hendrickson Marilyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2005
Sold by
Judd Bryce
Bought by
Phan Thanh and Lam Lanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2002
Sold by
Harmon Fern L
Bought by
Judd Bryce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 1998
Sold by
Gallagher Rita
Bought by
Harmon Fern L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hsieh Jerry $349,497 Magnus Title Agency Llc
Tanner Maurice -- Magnus Title Agency Llc
Tanner Maurice $92,500 None Available
Hendrickson Properties Az Inc -- None Available
Hendrickson Marilyn K $365,000 Capital Title Agency Inc
Phan Thanh $365,000 First American Title Ins Co
Judd Bryce $247,000 Transnation Title Insurance
Harmon Fern L $195,500 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hsieh Jerry $262,100
Previous Owner Hendrickson Marilyn K $200,000
Previous Owner Phan Thanh $225,000
Previous Owner Judd Bryce $49,400
Previous Owner Judd Bryce $197,600
Previous Owner Harmon Fern L $175,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $349,497 -2.9% $98 / Sq Ft
03/25/2018 03/25/18 Price Changed $360,000 -1.4% $101 / Sq Ft
03/06/2018 03/06/18 Price Changed $365,000 -2.7% $103 / Sq Ft
02/15/2018 02/15/18 Price Changed $375,000 -6.0% $105 / Sq Ft
01/19/2018 01/19/18 For Sale $399,000 -- $112 / 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 $2,051 $20,605 -- --
2024 $2,067 $19,624 -- --
2023 $2,067 $51,420 $10,280 $41,140
2022 $2,025 $39,830 $7,960 $31,870
2021 $2,045 $34,950 $6,990 $27,960
2020 $2,017 $32,960 $6,590 $26,370
2019 $1,886 $26,680 $5,330 $21,350
2018 $1,809 $26,320 $5,260 $21,060
2017 $1,756 $23,520 $4,700 $18,820
2016 $1,716 $23,530 $4,700 $18,830
2015 $1,618 $22,060 $4,410 $17,650
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Beau Tanner

    Perk Prop Real Estate

    (406) 926-6588

    41 Total Sales

    Beau Tanner
    Section Image
  • Ryan Swan

    Buyer's Agent in 2018

    Ryan Swan

    HomeSmart

    (602) 733-5455

    63 Total Sales

    Ryan Swan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5711687

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-08-233

Arizona Maricopa County Mesa 85213 Rancho de Arboleda

2650 E Mckellips Rd Unit 216, Mesa, AZ

This home is located at 2650 E Mckellips Rd Unit 216, Mesa, AZ 85213 since 20 January 2018 and is currently estimated at $745,900, approximately $209 per square foot. This property was built in 1993. 2650 E Mckellips Rd Unit 216 is a home located in Maricopa County with nearby schools including Hermosa Vista Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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