NOT LISTED FOR SALE

Estimated Value: $713,000 - $834,000

8 Beds
-- Bath
3,214 Sq Ft
$240/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $625,000 $194 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,487/month

25 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of December 2020

Welcome to Lindsay Manor. This renovated four-plex features large 2 bed/1 bath units with private backyards plus full size washer & dryer in every unit. This building was completely renovated in 2020 & finished with premium finishes throughout. Renovation for ALL units include all NEW: energy efficient dual pane windows, hot water tanks, front doors plus security doors, stainless steel appliances, full size washer/dryer, white shaker cabinets, quartz countertops, wood-look floors, bathtubs, toilets, lighting interior/exterior, plumbing fixtures & more! Even the roof is newer(2017). Located in the high growth city of Mesa, this building is close to the new light rail system, ASU, Banner Health & growing Downtown Mesa. Turn key investment w/property management in place. Rent is $1250/mo.

Last Listed By

Joshua Roubal

Dwellings Realty Group License #SA555438000 Listed on: 11/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,898

Year Built

  • Built in 1984

Lot Details

  • 10,280

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 140-40-428

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10265
  • Lindsay Manor Subdivision

Building Details

  • Operating Expense $1,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,898

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Broadway Rd & Lindsay Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: From Broadway, South on Lindsay Rd, East on Capri Cir. Property on the north side.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: dllg01
  • Co List Office Phone: 480-629-8136
  • Subdivision Name: LINDSAY MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Add'l Parking Avail
  • 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:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Individual, Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 10265
  • Additional Parcels: No
  • Parcel #: 140-40-428

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 1898.0

Tax Info

  • Tax Annual Amount: 1898.0
  • Tax Book Number: 140.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2020
Closed on
Dec 22, 2020
Sold by
Invesource Llc
Bought by
Gordon Ariel and Merom Ron
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$625,000
Sold Price
$625,000
Total Days on Market
25
Current Estimated Value
$772,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,859
Avg. Annual Appreciation
4.94%
Original Mortgage
$468,750
Outstanding Balance
$423,729
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$349,130

Purchase Details

Closed on
Jun 5, 2020
Sold by
Delisa Susan C
Bought by
Invesource Llc

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
3.2%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 17, 2003
Sold by
Delisa John A
Bought by
Delisa Susan C

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
Gordon Ariel $625,000 Chicago Title Agency
Invesource Llc $380,000 Chicago Title Agency
Delisa Susan C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordon Ariel $468,750
Previous Owner Invesource Llc $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $625,000 -3.8% $194 / Sq Ft
11/11/2020 11/11/20 Price Changed $650,000 +4.0% $202 / Sq Ft
11/04/2020 11/04/20 For Sale $625,000 -- $194 / 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 $1,924 $19,604 -- --
2024 $1,940 $18,670 -- --
2023 $1,940 $49,950 $9,990 $39,960
2022 $1,900 $33,000 $6,600 $26,400
2021 $1,923 $30,660 $6,130 $24,530
2020 $1,898 $27,510 $5,500 $22,010
2019 $1,773 $23,430 $4,680 $18,750
2018 $1,702 $21,130 $4,220 $16,910
2017 $1,651 $15,960 $3,190 $12,770
2016 $1,621 $17,170 $3,430 $13,740
2015 $1,523 $15,110 $3,020 $12,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6155984

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-40-428