NOT LISTED FOR SALE

2737 N Salem Mesa, AZ 85215

Estimated Value: $791,193 - $960,000

Studio
-- Bath
3,234 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $795,000 $246 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,582/month

14 Days on Market

Highlights

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

About This Home

As of September 2024

This fourplex is located in the Red Mountain area of North Mesa. It consists of three 2 bed/2 bath units and one 2 bed/1 bath unit. Rents can be easily raised.

Last Agent to Sell the Property

Ken Tasopulos

Better Homes & Gardens Real Estate SJ Fowler License #SA524907000 Listed on: 09/13/2024

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1985

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 141-80-383

Community Details

Overview

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

Building Details

  • Operating Expense $2,284
  • Gross Income $49,179
  • Net Operating Income $35,608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,284

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: South of McDowell & West of Recker
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Subdivision Name: LOMA VISTA
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • 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: Painted, Stucco, Frame - Wood
  • Roof: Tile, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • 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:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Electric, 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:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 141-80-383

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 49179.0
  • Property Net Operating Income: 35608.0
  • Annual Operating Expense: 2284.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2284.0
  • Tax Book Number: 141.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Sep 27, 2024
Sold by
Okada Daniel and Okadaa Aileen H
Bought by
Bluejay Investments Llc
Seller's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
List Price
$795,000
Sold Price
$795,000
Current Estimated Value
$848,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,298
Avg. Annual Appreciation
5.08%
Original Mortgage
$516,750
Outstanding Balance
$511,460
Interest Rate
6.49%
Mortgage Type
Seller Take Back
Estimated Equity
$336,838

Purchase Details

Closed on
Feb 6, 2020
Sold by
Rogers Daniel J H and Rogers Hyunji
Bought by
Okada Daniel and Okada Aileen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2014
Closed on
Mar 19, 2014
Sold by
Barrett James H and Angus Deborah S
Bought by
Rogers Daniel Jh and Rogers Hyunji
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.06%
Original Mortgage
$122,500
Interest Rate
4.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Barrett James H and Angus Deborah S

Purchase Details

Closed on
Apr 26, 2010
Sold by
Mauk Jeffrey A and Mauk Eileen M
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Sep 2, 2005
Sold by
Gallegos Antonio and Gallegos Joan F
Bought by
Mauk Jeffrey A and Mauk Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Allred Dale and Allred Mable L
Bought by
Gallegos Antonio and Gallegos Joan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,800
Interest Rate
5.86%
Mortgage Type
New Conventional
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Bluejay Investments Llc $795,000 American Title Service Agency
Okada Daniel -- Servicelink
Rogers Daniel Jh $245,000 Chicago Title Agency Inc
Barrett James H $122,000 Great American Title Agency
Federal Home Loan Mortgage Corp $154,000 Great American Title
Mauk Jeffrey A $380,000 Dhi Title Of Arizona Inc
Gallegos Antonio $263,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bluejay Investments Llc $516,750
Previous Owner Okada Daniel $50,000
Previous Owner Rogers Daniel Jh $122,500
Previous Owner Mauk Jeffrey A $304,000
Previous Owner Gallegos Antonio $210,800
Closed Mauk Jeffrey A $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2024 09/30/24 Sold $795,000 0.0% $246 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $795,000 +224.5% $246 / Sq Ft
03/24/2014 03/24/14 Sold $245,000 0.0% $76 / Sq Ft View Prior Sale
03/04/2014 03/04/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $245,000 -- $76 / 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 $2,277 $23,085 -- --
2024 $2,284 $21,985 -- --
2023 $2,284 $57,960 $11,590 $46,370
2022 $2,237 $39,400 $7,880 $31,520
2021 $2,265 $35,400 $7,080 $28,320
2020 $2,235 $31,130 $6,220 $24,910
2019 $2,088 $25,320 $5,060 $20,260
2018 $2,004 $24,160 $4,830 $19,330
2017 $1,945 $19,930 $3,980 $15,950
2016 $1,908 $19,030 $3,800 $15,230
2015 $1,794 $17,420 $3,480 $13,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6763843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-383