NOT LISTED FOR SALE

2712 N Salem Mesa, AZ 85215

Estimated Value: $431,000 - $906,000

-- Bed
-- Bath
3,234 Sq Ft
$223/Sq Ft Est. Value

Last Sold March 08, 2012

Last sale price $145,000 $45 Per Sq Ft

Est. 396% increase in value since last sale

Current estimated payment $4,191/month

22 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Bush Elementary School Rated A-

About This Home

As of March 2012

This is a 4 Plex Short Sale with 2 Lenders. Negotiations have Begun with Both Lenders. Listing Agent has Successfully Closed Two Recent Short Sales in This Neighborhood (5949 & 5965 Norland). By Seller Instruction, Offers will Only Be Considered Compared to Recent Comparable Sales. One Unit is Vacant (#103); Three Units are Occupied; Rents are $495; $525 & $550. Front Unit is a 2/1; Back Units are 2/2. Overall, Building is in Good Condition. Unit #103 May Need Painting & Flooring. Rents in the Neighborhood Range from $475 to $650. Do NOT Write Offers Based on HUD Property at 2720 (next door). This Property IS OCCUPIED and in MUCH BETTER CONDITION!

Last Agent to Sell the Property

Bruce Duckett

Duckett Management & Real Estate License #BR537621000 Listed on: 01/07/2012

Last Buyer's Agent

Chris Kirkpatrick

Realty Executives License #SA530138000

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1985

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 20
  • Assessor Parcel Number 141-80-399

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Loma Vista Lot 1 26 Tr A B Subdivision

Building Details

  • Operating Expense $7,388
  • Gross Income $22,680
  • Net Operating Income $15,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,338

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Recker & McDowell
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2011
  • Directions: West on McDowell; South on Salem to 2712 (West Side of Street)
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2000.0
  • Subdivision Name: Loma Vista Lot 1-26 TR A B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: See Remarks, Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, <1 Space Per Unit, Street Parking
  • 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:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Heat Pump, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 141-80-399

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 22680.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 15230.0
  • Annual Operating Expense: 7388.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1338.0
  • Tax Book Number: 141.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2020
Sold by
Ryker I Llc
Bought by
Carr Ryan and Carr Kristi L
Total Days on Market
22
Current Estimated Value
$719,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2012
Sold by
Evans Scott
Bought by
Ryker I Llc

Purchase Details

Listed on
Jan 7, 2012
Closed on
Feb 29, 2012
Sold by
Phung Ban and Phung Lorena
Bought by
Evans Scott
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Chris Kirkpatrick
Realty Executives
List Price
$138,000
Sold Price
$145,000
Premium/Discount to List
$7,000
5.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%

Purchase Details

Closed on
Jan 28, 2008
Sold by
Phung Ban
Bought by
Phung Ban and Phung Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 24, 2008
Sold by
Phung Lorena
Bought by
Phung Ban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,450
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 1997
Sold by
Frieswyk Reginald M
Bought by
Pennington Michael E and Pennington Sandra Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 1994
Sold by
Mann Thomas R and Mann Linda
Bought by
Frieswyk Reginald M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,550
Interest Rate
7.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Carr Ryan $450,000 Chicago Title
Ryker I Llc -- Stewart Title & Trust Of Pho
Evans Scott $145,000 Grand Canyon Title Agency In
Phung Ban -- None Available
Phung Ban -- Lawyers Title Insurance Corp
Phung Ban $291,319 Lawyers Title Insurance Corp
Pennington Michael E $144,000 Transnation Title Ins Co
Frieswyk Reginald M $95,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Ryan $342,000
Closed Carr Ryan $337,500
Previous Owner Evans Scott $96,600
Previous Owner Phung Ban $40,000
Previous Owner Phung Ban $218,450
Previous Owner Pennington Michael E $106,000
Previous Owner Pennington Michael E $108,000
Previous Owner Frieswyk Reginald M $87,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2012 03/08/12 Sold $145,000 +5.1% $45 / Sq Ft
01/29/2012 01/29/12 Pending -- -- --
01/07/2012 01/07/12 For Sale $138,000 -- $43 / 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 $1,959 $19,961 -- --
2024 $1,975 $19,011 -- --
2023 $1,975 $57,930 $11,580 $46,350
2022 $1,935 $39,380 $7,870 $31,510
2021 $1,958 $35,370 $7,070 $28,300
2020 $1,933 $31,120 $6,220 $24,900
2019 $1,806 $25,310 $5,060 $20,250
2018 $1,733 $24,160 $4,830 $19,330
2017 $1,681 $19,920 $3,980 $15,940
2016 $1,650 $19,020 $3,800 $15,220
2015 $1,551 $17,410 $3,480 $13,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4706527

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-399