Seller's Agent in 2016
Rick Horst
Keller Williams Arizona Realty
(480) 767-3014
33 Total Sales
300 S Lazona Dr Mesa, AZ 85204
Reed Park NeighborhoodEstimated Value: $458,474 - $813,000
Studio
4
Baths
712
Sq Ft
$890/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Franklin at Brimhall Elementary School Rated A
About This Home
As of March 2016Cash Flowing Great Long-Term Investment w/8.44% Cap Rate from actuals.
Excellent Location! Great rental area next to Single-Family Neighborhood.
Low Maintenance w/Newer Roof, New Porch, Back Fence, New Main Electrical, Newer A/C Units + Many Additional Updates!
Long-term tenants(up to 6 years)that pay on time!
No vacancies in past 18 mos.
Easy Management–Just pick up the check!
Residential Financing or Seller terms available -
Wrap Mortgage
Asking Price:$240,000/Down Payment= $60,000 / Loan Amt: $180,000
Term: 30 years with 5-year balloon 6% Interest Rate
Payment: $1,079.19 ($12,950.29 annual)
Great unit mix-all 2 bedroom 1 bath. There is a laundry room that is separately metered w/hook ups only at this time.
Great Investment Opportunity!
Last Agent to Sell the Property
Keller Williams Arizona Realty License #SA640657000 Listed on: 12/18/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,132
Year Built
- Built in 1974
Lot Details
- 0.31
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Paved Parking
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 14
- Assessor Parcel Number 138-14-017-J
Community Details
Overview
- 4 Units
- Building Dimensions are 13277
Building Details
- Gross Income $29,520
- Net Operating Income $20,258
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 8, 2016
Sold by
Lby Investment Llc
Bought by
Lby Rentals Llc
Current Estimated Value
Purchase Details
Listed on
Dec 18, 2015
Closed on
Feb 4, 2016
Sold by
Yoder Larry B
Bought by
Lby Investments Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Lucas LeBeau
HomeSmart
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$168,750
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 18, 2015
Closed on
Jan 27, 2016
Sold by
Yoder Lisa Marie
Bought by
Yoder Larry B
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Lucas LeBeau
HomeSmart
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 22, 2012
Sold by
Golden Coin Company Llc
Bought by
Brown Luke
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.91%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 9, 2009
Sold by
Vasquez Elvira
Bought by
Byars Robert S and Byars Ke Fei
Purchase Details
Closed on
Nov 3, 2006
Sold by
Lemon Kathryn G
Bought by
Lemon Kathryn G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 19, 2006
Sold by
Lemon Kathryn G
Bought by
Vasquez Elvira
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 20, 2004
Sold by
Bell Edward
Bought by
Lemon Kathryn G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 17, 2002
Sold by
Knutson Jennifer L
Bought by
Knutson Andrew C
Purchase Details
Closed on
Oct 31, 2002
Sold by
Velarde Victoria and Velarde Carlos
Bought by
Knutson Andrew C
Purchase Details
Closed on
Nov 19, 1996
Sold by
Palmateer Douglas Ralph and Palmateer Robin L
Bought by
Velarde Carlos and Velarde Victoria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,941
Interest Rate
7.88%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lby Rentals Llc | -- | None Available | |
| Lby Investments Llc | -- | Security Title Agency Inc | |
| Yoder Larry B | $225,000 | Security Title Agency Inc | |
| Yoder Larry B | -- | Security Title Agency Inc | |
| Brown Luke | $145,000 | Chicago Title Agency Inc | |
| Byars Robert S | $118,000 | Chicago Title | |
| Lemon Kathryn G | -- | None Available | |
| Vasquez Elvira | $325,000 | Commonwealth Land Title Ins | |
| Lemon Kathryn G | -- | First American Title Ins Co | |
| Lemon Kathy G | $226,000 | First American Title Ins Co | |
| Knutson Andrew C | -- | North American Title Co | |
| Knutson Andrew C | $180,000 | North American Title Co | |
| Velarde Carlos | $112,000 | Transnation Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Yoder Larry B | $168,750 | |
| Previous Owner | Brown Luke | $108,750 | |
| Previous Owner | Vasquez Elvira | $260,000 | |
| Previous Owner | Lemon Kathy G | $151,000 | |
| Previous Owner | Velarde Carlos | $110,941 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2016 03/11/16 | Sold | $225,000 | -6.2% | $316 / Sq Ft |
| 02/11/2016 02/11/16 | Pending | -- | -- | -- |
| 12/18/2015 12/18/15 | For Sale | $239,900 | -- | $337 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,437 | $14,564 | -- | -- |
| 2024 | $1,441 | $13,870 | -- | -- |
| 2023 | $1,441 | $49,580 | $9,910 | $39,670 |
| 2022 | $1,411 | $34,480 | $6,890 | $27,590 |
| 2021 | $1,429 | $28,000 | $5,600 | $22,400 |
| 2020 | $1,410 | $24,720 | $4,940 | $19,780 |
| 2019 | $1,317 | $19,280 | $3,850 | $15,430 |
| 2018 | $1,264 | $17,400 | $3,480 | $13,920 |
| 2017 | $1,227 | $17,250 | $3,450 | $13,800 |
| 2016 | $1,204 | $16,610 | $3,320 | $13,290 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Horst
-
Kerry Keezer
Seller Co-Listing Agent in 2016
Kerry Keezer
72SOLD
(480) 760-1494
59 Total Sales
-
Lucas LeBeau
L
Buyer's Agent in 2016
Lucas LeBeau
HomeSmart
(480) 290-9868
6 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5375096
APN: 138-14-017J
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.
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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