NOT LISTED FOR SALE

2745 N Salem Mesa, AZ 85215

Estimated Value: $556,826 - $852,000

-- Bed
-- Bath
3,234 Sq Ft
$204/Sq Ft Est. Value

Last Sold March 24, 2014

Last sale price $245,000 $76 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $3,685/month

Highlights

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

About This Home

As of March 2014

Seller Carry Opportunity! Clean, far east Mesa fourplex. Always rented! This sale has been entered in MLS for comparison purposes as it was sold immediately with zero days on market Financials are actuals from 2013 but not detailed.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 03/25/2014

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lois Kaipainen

Income Property Shop License #SA567276000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,498

Year Built

  • Built in 1985

Lot Details

  • 7,405

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 141-80-382

Community Details

Overview

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

Building Details

  • Gross Income $300,045
  • Net Operating Income $21,504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,498

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Recker/McDowell
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: West to Salem, South to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Loma Vista
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • 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:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, SRP, City Electric
  • Cooling: Individual, Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 141-80-382

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 300045.0
  • Property Net Operating Income: 21504.0

Tax Info

  • Tax Annual Amount: 1498.0
  • Tax Book Number: 141.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Mar 19, 2014
Sold by
Jd 860 Llc
Bought by
Rogers Daniel J H 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
Total Days on Market
0
Current Estimated Value
$658,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,609
Avg. Annual Appreciation
9.23%
Original Mortgage
$122,500
Outstanding Balance
$93,920
Interest Rate
4.18%
Mortgage Type
Seller Take Back
Estimated Equity
$564,689

Purchase Details

Closed on
May 6, 2010
Sold by
Barrett James H and Angus Deborah S
Bought by
Jd 860 Llc

Purchase Details

Closed on
Jul 28, 2009
Sold by
Us Bank National Association
Bought by
Barrett James H and Angus Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2009
Sold by
Rivera Reginaldo and Rivera Mary Ann
Bought by
U S Bank National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2004
Sold by
Griggs John and Moceri Cross Kevin
Bought by
Rivera Reginaldo and Rivera Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
2.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 29, 2004
Sold by
Slaughter Billy F and Slaughter Kay N
Bought by
Griggs John and Moceri Cross Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rogers Daniel J H $245,000 Chicago Title Agency Inc
Jd 860 Llc -- Accommodation
Barrett James H $148,000 Chicago Title
U S Bank National Association $207,400 Security Title Agency
Rivera Reginaldo $312,000 Grand Canyon Title Agency In
Griggs John $275,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogers Daniel J H $122,500
Previous Owner Barrett James H $120,000
Previous Owner Rivera Reginaldo $280,000
Previous Owner Rivera Reginaldo $80,000
Previous Owner Rivera Reginaldo $249,600
Previous Owner Griggs John $220,000
Closed Griggs John $27,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2014 03/24/14 Sold $245,000 0.0% $76 / Sq Ft
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 $2,266 $23,085 -- --
2024 $2,284 $21,985 -- --
2023 $2,284 $57,550 $11,510 $46,040
2022 $2,237 $39,130 $7,820 $31,310
2021 $2,265 $35,070 $7,010 $28,060
2020 $2,235 $30,870 $6,170 $24,700
2019 $2,088 $25,160 $5,030 $20,130
2018 $2,004 $24,030 $4,800 $19,230
2017 $1,945 $19,830 $3,960 $15,870
2016 $1,908 $18,900 $3,780 $15,120
2015 $1,794 $17,320 $3,460 $13,860
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Kaipainen

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5089656

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-382

Arizona Maricopa County Mesa 85215

2745 N Salem, Mesa, AZ

This home is located at 2745 N Salem, Mesa, AZ 85215 since 25 March 2014 and is currently estimated at $658,609, approximately $203 per square foot. This property was built in 1985. 2745 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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