NOT LISTED FOR SALE

2737 N Salem Mesa, AZ 85215

Mesa Area

Estimated Value: $737,000 - $796,000

Studio
-- Bath
3,234 Sq Ft
$237/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2024

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

Est. 4% decrease in value since last sale

Current estimated payment $4,356 / mo

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
  • Separate Meters
  • 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

7,884 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Sep 27, 2024
Sold by
Bought by
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
$766,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,067
Avg. Annual Appreciation
-1.97%
Original Mortgage
$516,750
Interest Rate
0.0649%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 2020
Sold by
Bought by

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
0.031%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2014
Closed on
Mar 19, 2014
Sold by
Bought by
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
9.69%
Original Mortgage
$122,500
Interest Rate
0.0418%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 2, 2005
Sold by
Bought by

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
0.0687%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Bought by

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
0.0586%
Mortgage Type
New Conventional
Source: Public Records
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$795,000 American Title Service Agency
-- Servicelink
$245,000 Chicago Title Agency Inc
$122,000 Great American Title Agency
$154,000 Great American Title
$380,000 Dhi Title Of Arizona Inc
$263,500 Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $516,750
Previous Owner $50,000
Previous Owner $122,500
Previous Owner $45,000
Previous Owner $304,000
Previous Owner $210,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6763843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-383

Your Personal Tour Guide

Ask me questions while you tour the home.