NOT LISTED FOR SALE

Estimated Value: $671,000 - $862,000

Studio
-- Bath
3,380 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 19, 2024

Last sale price $749,000 $222 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,186/month

5 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2024

Super Fourplex for owner occupants or Investors. Close to the Lakes & River. Great Public Transportation and Shopping. Easy Keeper, Good Curb appeal and Parking. All Unit Are clean and #102 Just Remodeled. All Facts and Figures Approximate, Buyers to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 07/24/2024

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,054

Year Built

  • Built in 1987

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 19
  • Assessor Parcel Number 140-11-380

Community Details

Overview

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

Building Details

  • Operating Expense $9,854
  • Gross Income $65,856
  • Net Operating Income $56,002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,054

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Lindsey / University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 140-11-380

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 65856.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 56002.0
  • Annual Operating Expense: 9854.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2054.0
  • Tax Book Number: 140.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Nov 7, 2024
Sold by
Dadla Aliakbar Rashid and Khambaty Zahra Shabbir
Bought by
Cicero Phoenix Homes Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$775,000
Sold Price
$749,000
Premium/Discount to List
-$26,000
-3.35%
Views
7
Current Estimated Value
$767,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,804
Avg. Annual Appreciation
1.93%
Original Mortgage
$561,750
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 12, 2024
Sold by
Trilogy Properties Llc
Bought by
Dadla Aliakbar Rashid and Khambaty Zahra Shabbir
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$775,000
Sold Price
$749,000
Premium/Discount to List
-$26,000
-3.35%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,750
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2017
Closed on
Oct 30, 2017
Sold by
Taylor Jill A
Bought by
Trilogy Properties Llc
Seller's Agent
Wally Erickson
Erickson Realty Group L.L.C.
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$365,000
Sold Price
$370,000
Premium/Discount to List
$5,000
1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%

Purchase Details

Closed on
Apr 11, 2014
Sold by
Taylor John C and Taylor Jill A
Bought by
Taylor John C and Taylor Jill A

Purchase Details

Closed on
Jan 3, 1997
Sold by
Jefferies Robert L and Jefferies Zahlia A
Bought by
Taylor John C and Taylor John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1994
Sold by
Matos Braulio and Matos Norys
Bought by
Jefferies Robert L and Jefferies Zahlia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.54%
Mortgage Type
New Conventional
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
Cicero Phoenix Homes Llc -- --
Cicero Phoenix Homes Llc -- --
Dadla Aliakbar Rashid $749,000 Premier Title Agency
Trilogy Properties Llc $370,000 Empire West Title Agency Llc
Taylor John C -- None Available
Taylor John C $131,000 Security Title Agency
Jefferies Robert L $120,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dadla Aliakbar Rashid $561,750
Previous Owner Taylor John C $104,800
Previous Owner Jefferies Robert L $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2024 09/19/24 Sold $749,000 -3.4% $222 / Sq Ft
08/01/2024 08/01/24 For Sale $775,000 0.0% $229 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $775,000 +109.5% $229 / Sq Ft
11/07/2017 11/07/17 Sold $370,000 +1.4% $109 / Sq Ft View Prior Sale
10/23/2017 10/23/17 Pending -- -- --
10/12/2017 10/12/17 For Sale $365,000 -- $108 / 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 $2,047 $20,752 -- --
2024 $2,054 $19,764 -- --
2023 $2,054 $55,030 $11,000 $44,030
2022 $2,011 $41,600 $8,320 $33,280
2021 $2,036 $33,680 $6,730 $26,950
2020 $2,009 $31,710 $6,340 $25,370
2019 $1,877 $22,710 $4,540 $18,170
2018 $1,802 $20,310 $4,060 $16,250
2017 $1,748 $18,000 $3,600 $14,400
2016 $1,716 $18,220 $3,640 $14,580
2015 $1,612 $17,300 $3,460 $13,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6735188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-380