NOT LISTED FOR SALE

2736 N Salem Mesa, AZ 85215

Estimated Value: $501,464 - $849,000

5 Beds
-- Bath
3,234 Sq Ft
$202/Sq Ft Est. Value

Last Sold January 17, 2017

Last sale price $264,800 $82 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $3,863/month

247 Days on Market

Highlights

  • Cooling Available
  • Bush Elementary School Rated A-
  • Heat Pump System

About This Home

As of January 2017

**PLEASE DO NOT DISTURB TENANTS*** ***DRIVE BY ONLY*** A great 4-plex income opportunity for an investor! One new tenant and three tenants who have occupied since 2014 or earlier! *NEW EXTERIOR PAINT* IN APRIL, 2016 and easy care gravel landscaping. No HOA! Close to 202 freeway! The property includes three 2 bedroom/2 bath units and one 2 bedroom/1 bath unit. Each unit includes a private patio, or a deck. Units are individually metered for electric and each include inside washer/dryer hook ups. Built in 1985! All information and figures are estimated or may not be accurate and are subject to Buyer verification and/or investigation.

Last Agent to Sell the Property

Terry Kozell

Kozell Real Estate License #BR026436000 Listed on: 04/21/2016

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,794

Year Built

  • Built in 1985

Lot Details

  • 7,841

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 141-80-402

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Loma Vista Mcr 244 24 Subdivision

Building Details

  • Operating Expense $10,894
  • Net Operating Income $19,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,794

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: RECKER AND MCDOWELL
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: WEST TO SALEM, SOUTH TO PROPERTY
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2000.0
  • Subdivision Name: LOMA VISTA MCR 244-24
  • 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: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 141-80-402

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2200.0
  • Property Net Operating Income: 19106.0
  • Annual Operating Expense: 10894.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1794.0
  • Tax Book Number: 141.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Dec 29, 2016
Sold by
Washing James R and Washing Gail C
Bought by
Carr David W and Carr Debi S
Seller's Agent
Terry Kozell
Kozell Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$295,000
Sold Price
$264,800
Premium/Discount to List
-$30,200
-10.24%
Total Days on Market
247
Current Estimated Value
$654,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,688
Avg. Annual Appreciation
11.16%

Purchase Details

Closed on
Aug 23, 2001
Sold by
White Ron and White Walter R
Bought by
Washington James R and Washing Gail C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,300
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 1994
Sold by
Pagni Ken and Pagni Jacquelyn R
Bought by
White Walter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,150
Interest Rate
8.1%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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 David W $264,800 First American Title Ins Co
Washington James R $217,000 First American Title
White Walter R $105,000 First Service Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr David W $307,200
Previous Owner Washing James R $194,000
Previous Owner Washington James R $195,300
Previous Owner White Walter R $108,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2017 01/17/17 Sold $264,800 -10.2% $82 / Sq Ft
12/23/2016 12/23/16 Pending -- -- --
07/09/2016 07/09/16 For Sale $295,000 0.0% $91 / Sq Ft
07/09/2016 07/09/16 Price Changed $295,000 +11.4% $91 / Sq Ft
05/04/2016 05/04/16 Off Market $264,800 -- --
04/20/2016 04/20/16 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 $2,266 $23,085 -- --
2024 $2,284 $21,985 -- --
2023 $2,284 $57,920 $11,580 $46,340
2022 $2,237 $39,370 $7,870 $31,500
2021 $2,265 $35,360 $7,070 $28,290
2020 $2,235 $31,120 $6,220 $24,900
2019 $2,088 $25,310 $5,060 $20,250
2018 $2,004 $24,150 $4,830 $19,320
2017 $1,945 $19,920 $3,980 $15,940
2016 $1,908 $19,020 $3,800 $15,220
2015 $1,794 $17,410 $3,480 $13,930
Source: Public Records

Agents Affiliated with this Home

  • Terry Kozell

    Seller's Agent in 2017

    Terry Kozell

    Kozell Real Estate

    (480) 491-3600

    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5431470

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-402

Arizona Maricopa County Mesa 85215

2736 N Salem, Mesa, AZ

This home is located at 2736 N Salem, Mesa, AZ 85215 since 21 April 2016 and is currently estimated at $654,488, approximately $202 per square foot. This property was built in 1985. 2736 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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