NOT LISTED FOR SALE

2761 N Salem Mesa, AZ 85215

Estimated Value: $447,000 - $880,000

-- Bed
-- Bath
3,234 Sq Ft
$222/Sq Ft Est. Value

Last Sold September 19, 2012

Last sale price $162,000 $50 Per Sq Ft

Est. 343% increase in value since last sale

Current estimated payment $4,204/month

15 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 2012

ANOTHER SUCCESSFULLY CLOSED INVESTOR SHORT SALE!! ONE LENDER-Great Investment Property in NE Mesa!! Three Units are 2 Bedroom / 2 Bath and the Front Unit is a 2 Bedroom / 1 Bathroom. Unique Architecture, make this Building Look Like a Single Family Home from the Front. Three Units are Occupied with Rent at $499.00 Each (low for this area; should be $575 to $650). Unit #201 Needs a Complete Remodel; Paint; Flooring and Misc Repairs and Updating.

Last Agent to Sell the Property

Bruce Duckett

Duckett Management & Real Estate License #BR537621000 Listed on: 05/25/2012

Last Buyer's Agent

Chris Kirkpatrick

Realty Executives License #SA530138000

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,513

Year Built

  • Built in 1985

Lot Details

  • 8,625

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • On-Street Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 141-80-380

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8609
  • Loma Vista Subdivision

Building Details

  • Operating Expense $8,413
  • Gross Income $21,600
  • Net Operating Income $14,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,513

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Recker & McDowell
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2011
  • Directions: From Recker; West to Salem; South to Property on Corner of Salem & McDowell (East Side of Street)
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Subdivision Name: Loma Vista
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, 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: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

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

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Heat Pump, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8609
  • Additional Parcels: No
  • Parcel #: 141-80-380

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 21600.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 14700.0
  • Annual Operating Expense: 8413.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1513.0
  • Tax Book Number: 141.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2020
Sold by
Ryker 1 Llc
Bought by
Carr Ryan and Carr Kristi L
Total Days on Market
15
Current Estimated Value
$717,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2017
Sold by
Evans Deborah P
Bought by
Ryker 1 Llc

Purchase Details

Listed on
May 25, 2012
Closed on
Sep 6, 2012
Sold by
Steinman Scott
Bought by
Evans Scott and Evans Deborah P
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Chris Kirkpatrick
Realty Executives
List Price
$145,000
Sold Price
$162,000
Premium/Discount to List
$17,000
11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%

Purchase Details

Closed on
Aug 9, 2007
Sold by
Steinman Scott
Bought by
Tdmh Llc

Purchase Details

Closed on
May 25, 2007
Sold by
Steinman Scott
Bought by
Steinman Scott Patrick and Scott Patrick Steinman Revocable Trust

Purchase Details

Closed on
Dec 21, 2006
Sold by
Steinman Scott
Bought by
Tdmh Llc

Purchase Details

Closed on
Dec 1, 2005
Sold by
Osborne Robert
Bought by
Steinman Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,250
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 23, 2004
Sold by
Griggs John J and Moceri Cross K
Bought by
Steinman Scott and Osborne Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

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

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

Purchase Details

Closed on
Dec 19, 2001
Sold by
Slaughter Mayme Juel
Bought by
Slaughter Billy F and Slaughter Kay N

Purchase Details

Closed on
May 13, 1996
Sold by
Slaughter Mayme Juel
Bought by
Slaughter Mayme Juel and Mayme Juel Slaughter Revocable Living Tr
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
Carr Ryan $450,000 Chicago Title
Ryker 1 Llc -- None Available
Evans Scott $162,000 Grand Canyon Title Agency In
Steinman Scott Patrick -- None Available
Tdmh Llc -- Fidelity Title
Steinman Scott -- Ticor Title Co
Steinman Scott $315,000 Grand Canyon Title Agency In
Griggs John J $275,000 Chicago Title Insurance Co
Slaughter Billy F -- --
Slaughter Mayme Juel -- --
Slaughter Mayme Juel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Ryan $342,000
Closed Carr Ryan $337,500
Previous Owner Evans Scott $117,000
Previous Owner Steinman Scott $249,250
Previous Owner Steinman Scott $220,500
Previous Owner Griggs John J $220,000
Closed Griggs John J $27,400
Closed Steinman Scott $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2012 09/19/12 Sold $162,000 +11.7% $50 / Sq Ft
06/09/2012 06/09/12 Pending -- -- --
05/25/2012 05/25/12 For Sale $145,000 -- $45 / 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 $2,144 $21,843 -- --
2024 $2,162 $20,803 -- --
2023 $2,162 $57,070 $11,410 $45,660
2022 $2,117 $38,770 $7,750 $31,020
2021 $2,143 $34,930 $6,980 $27,950
2020 $2,115 $30,730 $6,140 $24,590
2019 $1,976 $24,380 $4,870 $19,510
2018 $1,896 $22,930 $4,580 $18,350
2017 $1,840 $18,910 $3,780 $15,130
2016 $1,806 $18,100 $3,620 $14,480
2015 $1,697 $16,770 $3,350 $13,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4770451

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-380