NOT LISTED FOR SALE

Estimated Value: $795,574

-- Bed
-- Bath
3,828 Sq Ft
$208/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $780,000 $204 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,602/month

20 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of August 2023

Looking for a great investment opportunity? Check out this fully leased 4-plex in Mesa. Two up and two down, each unit has 2 bedrooms & 2 bathrooms. Each home features an inviting floor plan with a living and dining area. All homes have ample natural light and neutral paint. The lower units have ceramic tile flooring throughout the high-traffic areas, and wood-look flooring in bedrooms. Upper units feature vinyl, carpet, and wood-look flooring. Just off the dining is the efficient galley kitchen offering built-in appliances (some new), and sufficient white or wood cabinets and counter space. The primary bedroom includes a private bathroom for your convenience as well as closet space. Near shopping, dining, and other amenities. Don't miss out. Ask for details about this property!

Last Listed By

Brook Steed

Mark Brower Properties, LLC License #SA700741000 Listed on: 06/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,275

Year Built

  • Built in 1985

Lot Details

  • 8,015

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Franklin At Brimhall Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 140-11-365

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7999
  • University Villa East Subdivision

Building Details

  • Operating Expense $2,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,275

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: University Dr & Lindsay Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Directions: Head east on E University Dr, Turn left onto N Los Alamos, Turn left onto E Cicero St. Property will be on the right.
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: mbpl001
  • Co List Office Phone: 480-336-2556
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Franklin At Brimhall Elementary
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 7999
  • Additional Parcels: No
  • Parcel #: 140-11-365

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 2275.0

Tax Info

  • Tax Annual Amount: 2275.0
  • Tax Book Number: 140.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Aug 31, 2023
Sold by
2956 E Cicero Llc
Bought by
Muniz Jayme and Hilario Edwin
Seller's Agent
Brook Steed
Mark Brower Properties, LLC
Buyer's Agent
Melanie Paramore
My Home Group Real Estate
List Price
$879,000
Sold Price
$780,000
Premium/Discount to List
-$99,000
-11.26%
Total Days on Market
20
Views
38
Current Estimated Value
$795,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,574
Avg. Annual Appreciation
1.60%
Original Mortgage
$530,400
Outstanding Balance
$521,321
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$279,754

Purchase Details

Listed on
Apr 11, 2022
Closed on
Jul 8, 2022
Sold by
Bean Family Trust
Bought by
2956 E Cicero Llc
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Marcus Lever
Denali Real Estate, LLC
List Price
$825,000
Sold Price
$850,000
Premium/Discount to List
$25,000
3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.54%

Purchase Details

Listed on
Apr 11, 2022
Closed on
Apr 21, 2022
Sold by
R & G Ii Llc
Bought by
Bean Family Trust
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Marcus Lever
Denali Real Estate, LLC
List Price
$825,000
Sold Price
$850,000
Premium/Discount to List
$25,000
3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$614,250
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 2006
Sold by
Theriault Regis and Theriault Ginette
Bought by
R & G Ii Llc

Purchase Details

Closed on
Jan 20, 2005
Sold by
B N P I Partnership
Bought by
Theriault Regis and Theriault Ginette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
2.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2004
Sold by
Bjork Walter M
Bought by
B N P I Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
2.12%
Mortgage Type
New Conventional

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
Muniz Jayme $780,000 Clear Title Agency Of Arizona
2956 E Cicero Llc -- New Title Company Name
Bean Family Trust $850,000 Clear Title
R & G Ii Llc -- None Available
Theriault Regis $265,000 Grand Canyon Title Agency In
B N P I Partnership -- Grand Canyon Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muniz Jayme $530,400
Previous Owner Bean Family Trust $614,250
Previous Owner Theriault Regis $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $780,000 -11.3% $204 / Sq Ft
08/15/2023 08/15/23 Price Changed $879,000 0.0% $230 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $879,000 +3.4% $230 / Sq Ft
05/25/2022 05/25/22 Sold $850,000 +3.0% $222 / Sq Ft
04/11/2022 04/11/22 For Sale $825,000 -- $216 / 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 $2,305 $23,479 -- --
2024 $2,324 $22,361 -- --
2023 $2,324 $61,230 $12,240 $48,990
2022 $2,275 $46,270 $9,250 $37,020
2021 $2,303 $37,350 $7,470 $29,880
2020 $2,273 $35,120 $7,020 $28,100
2019 $2,124 $25,800 $5,160 $20,640
2018 $2,039 $23,400 $4,680 $18,720
2017 $1,978 $20,620 $4,120 $16,500
2016 $1,941 $20,880 $4,170 $16,710
2015 $1,824 $19,580 $3,910 $15,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6571639

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-365