NOT LISTED FOR SALE

2859 E Capri Cir Mesa, AZ 85204

Central Mesa Neighborhood

Estimated Value: $686,000 - $917,000

4 Beds
-- Bath
3,214 Sq Ft
$237/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $704,000 $219 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,179/month

34 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of May 2023

WOW!! AMAZING MESA 4PLEX OPPORTUNITY!!! Do Not Miss Out On Owning This 4 Plex with all 4 units containing 2 bed/1 bath. The Entire Roof Replaced November 2022. Unit 4 has been completely remodeled with New VLP flooring throughout, new baseboard, paint, stainless steel appliances, kitchen Cabinets, doors and lighting throughout. Each unit has location for a fridge, range/oven as well as inside laundry. Property has very few vacancies and is easily filled with a new tenant. 6 covered parking spaces. Rents have lots of room for improvement. average rents are between $1250-$1400/month in this area. This property will not last very long. Come make this yours today!

Last Agent to Sell the Property

Michael Smith

Barrett Real Estate License #BR635584000 Listed on: 03/03/2023

Barrett Real Estate

Co-Listed By

Kathleen Smith

Barrett Real Estate License #BR016430000

Last Buyer's Agent

Bretton Trapnell

HomeSmart License #SA695231000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,902

Year Built

  • Built in 1984

Lot Details

  • 10,367

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Schools

  • Irving Elementary School
  • Taylor Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 140-40-421

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10241
  • Lindsay Manor Subdivision

Building Details

  • Operating Expense $11,502
  • Gross Income $52,620
  • Net Operating Income $43,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,902

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: LINDSAY & BROADWAY
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: barr001
  • Co List Office Phone: 480-967-1333
  • Subdivision Name: LINDSAY MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4000.0

Schools

  • Elementary School: Irving Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Taylor Junior High School

Lot Info

  • Lot Size: 10241
  • Additional Parcels: No
  • Parcel #: 140-40-421

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 52619.76
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 43019.76
  • Annual Operating Expense: 11502.0

Tax Info

  • Tax Annual Amount: 1902.0
  • Tax Book Number: 140.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
May 16, 2023
Sold by
Draper John
Bought by
Holland Daniel John
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
Bretton Trapnell
HomeSmart
List Price
$725,000
Sold Price
$704,000
Premium/Discount to List
-$21,000
-2.9%
Views
81
Current Estimated Value
$762,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,259
Avg. Annual Appreciation
3.21%
Original Mortgage
$583,536
Outstanding Balance
$560,894
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$201,365

Purchase Details

Listed on
Jul 3, 2015
Closed on
Aug 25, 2015
Sold by
Draper Kelda and Draper John
Bought by
Draper John
Seller's Agent
Greg Loynd
Net Growth Realty
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$265,000
Sold Price
$257,500
Premium/Discount to List
-$7,500
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.91%
Original Mortgage
$172,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 3, 2015
Closed on
Aug 20, 2015
Sold by
Cuadras Jose Luis Gaxiola and Gaxiola Dolores
Bought by
Draper John
Seller's Agent
Greg Loynd
Net Growth Realty
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$265,000
Sold Price
$257,500
Premium/Discount to List
-$7,500
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2002
Sold by
Gaxiola Dolores N
Bought by
Cuadras Jose Luis Gaxiola

Purchase Details

Closed on
Jun 20, 2002
Sold by
Murphy Michael D and Murphy Mary D
Bought by
Cuadras Jose Luis Gaxiola
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Holland Daniel John $704,000 First Integrity Title
Draper John -- Stewart Title & Trust Of Pho
Draper John $230,000 Stewart Title & Trust Of Pho
Cuadras Jose Luis Gaxiola -- First American Title Ins Co
Cuadras Jose Luis Gaxiola $224,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holland Daniel John $583,536
Closed Holland Daniel John $105,360
Previous Owner Draper John $172,500
Previous Owner Draper John $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2023 05/15/23 Sold $704,000 +0.6% $219 / Sq Ft
05/09/2023 05/09/23 Price Changed $699,900 0.0% $218 / Sq Ft
05/04/2023 05/04/23 Price Changed $699,900 0.0% $218 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/17/2023 03/17/23 Price Changed $699,900 -3.5% $218 / Sq Ft
03/02/2023 03/02/23 For Sale $725,000 +181.6% $226 / Sq Ft
08/28/2015 08/28/15 Sold $257,500 -2.8% $80 / Sq Ft View Prior Sale
07/31/2015 07/31/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $265,000 -- $82 / 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 $1,936 $19,623 -- --
2024 $1,942 $18,689 -- --
2023 $1,942 $50,010 $10,000 $40,010
2022 $1,902 $33,030 $6,600 $26,430
2021 $1,925 $30,710 $6,140 $24,570
2020 $1,900 $27,560 $5,510 $22,050
2019 $1,775 $23,450 $4,690 $18,760
2018 $1,704 $21,160 $4,230 $16,930
2017 $1,653 $15,970 $3,190 $12,780
2016 $1,622 $17,200 $3,440 $13,760
2015 $1,525 $15,120 $3,020 $12,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Smith

    Seller's Agent in 2023

    Michael Smith

    Barrett Real Estate

    (480) 694-2564

    2 in this area

    181 Total Sales

    Michael Smith
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kathleen Smith

    Barrett Real Estate

    (480) 967-1333

    1 in this area

    71 Total Sales

    Kathleen Smith
    Section Image

  • B

    Buyer's Agent in 2023

    Bretton Trapnell

    HomeSmart

    (602) 230-7600

    2 in this area

    48 Total Sales

    Bretton Trapnell
    Section Image
  • Greg Loynd

    Seller's Agent in 2015

    Greg Loynd

    Net Growth Realty

    (602) 432-8123

    8 Total Sales

    Greg Loynd
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6526991

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-40-421

Arizona Maricopa County Mesa 85204 Central Mesa

2859 E Capri Cir, Mesa, AZ

Not Listed for Sale

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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