NOT LISTED FOR SALE

Estimated Value: $708,228 - $910,000

Studio
-- Bath
3,500 Sq Ft
$223/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $745,000 $213 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,249/month

1 Day on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2022

Drive By Only. Do not disturb tenants.
Investors, great 4 plex in Mesa. Rare building where each unit is 2 bedrooms, 2 bathrooms, 875 square feet. Each unit has its own washer/dryer. Electric is individually metered. Landlord pays for water sewer and trash. Please do not disturb tenants. Viewing by appointment after accepted contract. Please look at documents in document section of listing. Drive by only

Last Agent to Sell the Property

Colleen Shearer

Transcity Property Management License #SA639919000 Listed on: 06/23/2022

Co-Listed By

Charles Brown

Transcity Property Management License #BR012841000

Last Buyer's Agent

Nancy Cotton

Fathom Realty Elite License #BR529361000

Fathom Realty Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,984

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Schools

  • Highland Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 140-11-377

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8035 sq ft total
  • University Villa East Subdivision

Building Details

  • Operating Expense $14,182
  • Gross Income $42,829
  • Net Operating Income $30,221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,984

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: University and Lindsay
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: trpm01
  • Co List Office Phone: 480-641-8830
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1479.0
  • Annual Water Sewer Expense: 3519.0

Schools

  • Elementary School: Highland Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 8035 sq ft total
  • Additional Parcels: No
  • Parcel #: 140-11-377

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 42828.94
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 30221.0
  • Annual Operating Expense: 14182.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1984.0
  • Tax Book Number: 140.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Jul 8, 2022
Sold by
Donald M Anderson Charitable Remainder U
Bought by
Ancheldora Enterprises Llc
Seller's Agent
Colleen Shearer
Transcity Property Management
Buyer's Agent
Nancy Cotton
Fathom Realty Elite
List Price
$745,000
Sold Price
$745,000
Current Estimated Value
$780,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,807
Avg. Annual Appreciation
1.35%

Purchase Details

Listed on
Aug 31, 2017
Closed on
Sep 18, 2017
Sold by
Carpenter Bert K and Carpenter Jane B
Bought by
Anderson Donald M and The Donald M Anderson Chartable Remaindu
Seller's Agent
Heather Cates
Realty ONE Group
Buyer's Agent
Charles Brown
Transcity Property Management
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.37%

Purchase Details

Closed on
Oct 12, 2012
Sold by
Carpenter Bert K
Bought by
Carpenter Bert K and Carpenter Jane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,180
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2012
Sold by
Carpenter Bert K and Carpenter Jane B
Bought by
Carpenter Bert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,180
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2008
Sold by
Carpenter Bert K
Bought by
Carpenter Bert K and Carpenter Jane B

Purchase Details

Closed on
Apr 18, 2006
Sold by
Carpenter Jane
Bought by
Carpenter Bert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 30, 2003
Sold by
Carpenter Elizabeth D
Bought by
Carpenter Elizabeth D and Carpenter Family Bypass Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.84%

Purchase Details

Closed on
Dec 23, 2002
Sold by
Kack Peter E and Kack Carol M
Bought by
Carpenter Elizabeth D and Carpenter Family Bypass Trust

Purchase Details

Closed on
Jun 10, 1997
Sold by
Kack Peter E and Kack Carol M
Bought by
Kack Peter E and Kack Carol M
Source: Public Records
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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
Ancheldora Enterprises Llc $732,860 Chicago Title
Anderson Donald M $390,000 American Title Service Agenc
Carpenter Bert K -- Old Republic Title Agency
Carpenter Bert K -- Old Republic Title Agency
Carpenter Bert K -- Accommodation
Carpenter Bert K -- None Available
Carpenter Bert K -- Fidelity National Title
Carpenter Elizabeth D -- Fidelity National Title
Carpenter Elizabeth D -- Fidelity National Title
Carpenter Elizabeth D -- Fidelity National Title
Kack Peter E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carpenter Bert K $115,180
Previous Owner Carpenter Bert K $115,180
Previous Owner Carpenter Bert K $100,000
Previous Owner Carpenter Elizabeth D $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Sold $745,000 0.0% $213 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $745,000 +91.0% $213 / Sq Ft
09/21/2017 09/21/17 Sold $390,000 0.0% $111 / Sq Ft View Prior Sale
09/04/2017 09/04/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $390,000 -- $111 / 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 $1,995 $20,225 -- --
2024 $2,002 $19,262 -- --
2023 $2,002 $56,230 $11,240 $44,990
2022 $1,960 $42,530 $8,500 $34,030
2021 $1,984 $34,450 $6,890 $27,560
2020 $1,958 $32,350 $6,470 $25,880
2019 $1,829 $23,150 $4,630 $18,520
2018 $1,756 $20,710 $4,140 $16,570
2017 $1,704 $17,500 $3,500 $14,000
2016 $1,672 $17,680 $3,530 $14,150
2015 $1,571 $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: 6422760

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-377