NOT LISTED FOR SALE

2729 N Salem Mesa, AZ 85215

Estimated Value: $571,893 - $876,000

2 Beds
-- Bath
3,234 Sq Ft
$214/Sq Ft Est. Value

Last Sold June 24, 2015

Last sale price $272,500 $84 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $3,864/month

84 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Bush Elementary School Rated A-

About This Home

As of June 2015

Great opportunity to own a 4-plex in a great northeast Mesa location. Just minutes from the 202 freeway and shopping. There is three 2bd/2ba units and one 2bd/1ba unit. All units have a private patios or deck. All units are individually metered for everything including water. All facts and figures are approx. buyer to verify to their satisfaction.

Last Agent to Sell the Property

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 02/25/2015

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 02/25/2015

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,816

Year Built

  • Built in 1985

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 5
  • Assessor Parcel Number 141-80-384

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Loma Vista Subdivision

Building Details

  • Gross Income $26,136
  • Net Operating Income $20,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,816

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: RECKER & MC DOWELL
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2014
  • Directions: Recker and McDowell west to Salem south to property
  • Road Surface Type: Asphalt
  • Subdivision Name: Loma Vista
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: 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: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 141-80-384

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 26136.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 20750.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1816.0
  • Tax Book Number: 141.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2015
Closed on
Jun 17, 2015
Sold by
Smithee Mark D and Smithee Colette L
Bought by
Tan John and Tan Laura L
Seller's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
List Price
$285,000
Sold Price
$272,500
Premium/Discount to List
-$12,500
-4.39%
Total Days on Market
84
Current Estimated Value
$691,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,798
Avg. Annual Appreciation
9.56%
Original Mortgage
$189,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2005
Sold by
Montiel Albert P
Bought by
Smithee Mark D and Smithee Colette L

Purchase Details

Closed on
Jul 19, 2004
Sold by
Montiel Albert P and Montiel Guadalupe B
Bought by
Montiel Albert P and Montiel Lupe B

Purchase Details

Closed on
May 24, 2003
Sold by
Miskovic Velizar
Bought by
Montiel Albert P and Montiel Guadalupe B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 1997
Sold by
Faust Joy A
Bought by
Miskovic Velizar
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
Tan John $272,500 Stewart Title & Trust Of Pho
Smithee Mark D $367,000 Security Title Agency Inc
Montiel Albert P -- --
Montiel Albert P $265,000 Security Title Agency
Miskovic Velizar $160,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tan John $343,000
Closed Tan John $189,000
Previous Owner Smithee Mark D $100,000
Previous Owner Montiel Albert P $185,500
Previous Owner Miskovic Velizar $136,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2015 06/24/15 Sold $272,500 -4.4% $84 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
02/25/2015 02/25/15 For Sale $285,000 -- $88 / 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 $2,340 $23,837 -- --
2024 $2,359 $22,702 -- --
2023 $2,359 $60,530 $12,100 $48,430
2022 $2,310 $40,460 $8,090 $32,370
2021 $2,338 $36,660 $7,330 $29,330
2020 $2,308 $32,410 $6,480 $25,930
2019 $2,156 $26,200 $5,240 $20,960
2018 $2,070 $25,010 $5,000 $20,010
2017 $2,008 $20,820 $4,160 $16,660
2016 $1,971 $19,880 $3,970 $15,910
2015 $1,852 $18,200 $3,640 $14,560
Source: Public Records

Agents Affiliated with this Home

  • Jim Fowler

    Seller's Agent in 2015

    Jim Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 568-7352

    13 Total Sales

    Jim Fowler
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5241658

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-384

Arizona Maricopa County Mesa 85215

2729 N Salem, Mesa, AZ

This home is located at 2729 N Salem, Mesa, AZ 85215 since 25 February 2015 and is currently estimated at $691,298, approximately $213 per square foot. This property was built in 1985. 2729 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

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