NOT LISTED FOR SALE

2713 N Salem Mesa, AZ 85215

Estimated Value: $549,687 - $876,000

-- Bed
-- Bath
3,234 Sq Ft
$209/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $280,000 $87 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $3,976/month

64 Days on Market

Highlights

  • Multiple cooling system units
  • Bush Elementary School Rated A-
  • Multiple Heating Units

About This Home

As of April 2016

Top-Notch NE Mesa location near Red Mountain and the 202. Attractive curved street with owner-occupied houses on the same block. Situated on a nice corner lot. Built in 1985 with a desirable mix of all 2 bedroom units, with 3 of the 4 units having 2 full bathrooms. A/C units, separate electric. 3 units on the main level, one unit on 2nd floor. Rents are well-below market, offering an excellent value-add opportunity. Expenses are projected at 30% of the effective gross income. No vacancy factor as all tenants have occupied for several years. Self-managed by local owner. Buyer to complete and rely on own due diligence efforts, including operational costs.

Last Listed By

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 01/18/2016

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,851

Year Built

  • Built in 1985

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 141-80-386

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7875 square feet

Building Details

  • Gross Income $25,380
  • Net Operating Income $17,766

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,851

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Recker/McDowell
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: McDowell, turn onto Salem. 1 block west of Recker.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Individual, Electric
  • Heating: Individual, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: 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
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Lot Info

  • Lot Size: 7875 square feet
  • Additional Parcels: No
  • Parcel #: 141-80-386

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25380.0
  • Property Net Operating Income: 17766.0

Tax Info

  • Tax Annual Amount: 1851.0
  • Tax Book Number: 141.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2016
Sold by
Pimentel Fredy
Bought by
Fp Rentals Llc
Total Days on Market
64
Current Estimated Value
$675,562

Purchase Details

Listed on
Jan 18, 2016
Closed on
Apr 20, 2016
Sold by
Coffey Michelle Arguedas
Bought by
Pimentel Fredy
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Anne W. Law
Realty Executives
List Price
$289,900
Sold Price
$280,000
Premium/Discount to List
-$9,900
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$210,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2014
Sold by
Coffey Chad
Bought by
Coffey Michelle Arguedas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,644
Interest Rate
4.47%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Sep 11, 2013
Closed on
Nov 18, 2013
Sold by
Anson Bridge Llc
Bought by
Coffey Michelle Arguedas
Seller's Agent
Clinton Frost
Keeping It Real Estate
Buyer's Agent
Joyce R. Mitchell
Three Winds Realty, Inc.
Sold Price
$550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 11, 2013
Closed on
Aug 21, 2013
Sold by
Jansen Ralph F and Jansen Virginia
Bought by
Anson Bridge Llc
Seller's Agent
Clinton Frost
Keeping It Real Estate
Buyer's Agent
Joyce R. Mitchell
Three Winds Realty, Inc.
Sold Price
$550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%

Range of Values:

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

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
Fp Rentals Llc -- None Available
Pimentel Fredy $280,000 Lawyers Title Of Arizona Inc
Coffey Michelle Arguedas -- Fidelity National Title Agen
Coffey Michelle Arguedas -- Fidelity National Title Agen
Coffey Michelle Arguedas -- None Available
Anson Bridge Llc $200,000 First Arizona Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pimentel Fredy $210,000
Previous Owner Coffey Michelle Arguedas $68,644
Previous Owner Coffey Michelle Arguedas $140,000
Previous Owner Jansen Ralph F $99,688
Previous Owner Jansen Ralph F $100,000
Previous Owner Jansen Ralph F $126,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2016 04/29/16 Sold $280,000 -3.4% $87 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $289,900 0.0% $90 / Sq Ft
09/20/2013 09/20/13 Rented $550 0.0% --
09/18/2013 09/18/13 Under Contract -- -- --
09/11/2013 09/11/13 For Rent $550 0.0% --
09/10/2013 09/10/13 Sold $200,000 -9.1% $62 / Sq Ft
08/10/2013 08/10/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $220,000 -- $68 / 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 $2,338 $23,818 -- --
2024 $2,357 $22,684 -- --
2023 $2,357 $60,520 $12,100 $48,420
2022 $2,308 $40,450 $8,090 $32,360
2021 $2,336 $36,630 $7,320 $29,310
2020 $2,306 $32,400 $6,480 $25,920
2019 $2,155 $26,200 $5,240 $20,960
2018 $2,068 $25,000 $5,000 $20,000
2017 $2,006 $20,810 $4,160 $16,650
2016 $1,969 $19,870 $3,970 $15,900
2015 $1,851 $18,180 $3,630 $14,550
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    52 Total Sales

    James Stephens
    Section Image
  • Anne W. Law

    Buyer's Agent in 2016

    Anne W. Law

    Realty Executives

    (480) 215-2740

    27 Total Sales

    Anne W. Law
    Section Image

  • F

    Seller's Agent in 2013

    Frank Bennett Jr

    Frank Bennett Realty

    (480) 344-2818

    116 Total Sales

    Frank Bennett Jr
    Section Image
  • Clinton Frost

    Seller's Agent in 2013

    Clinton Frost

    Keeping It Real Estate

    (480) 331-4259

    11 Total Sales

    Clinton Frost
    Section Image

  • J

    Buyer's Agent in 2013

    Joyce R. Mitchell

    Three Winds Realty, Inc.

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5385059

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-386

Arizona Maricopa County Mesa 85215

2713 N Salem, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 2713 N Salem, Mesa, AZ 85215 since 18 January 2016 and is currently estimated at $675,562, approximately $208 per square foot. This property was built in 1985. 2713 N Salem is a home located in Maricopa County with nearby schools including Bush 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

Nearby Homes