NOT LISTED FOR SALE

Estimated Value: $502,140 - $988,000

-- Bed
-- Bath
2,108 Sq Ft
$337/Sq Ft Est. Value

Last Sold September 12, 2014

Last sale price $222,500 $106 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $4,091/month

22 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2014

Great income opportunity in Mesa! Two block built triplexes on one lot (304 & 310 S. Allen) with a total of six rental units. Three units have 2 bedrooms plus bathroom, one unit has 2 bedrooms plus 1.5 baths, two units have 1 bedroom plus bathroom. When full, gross rents were $3170/mo.--rents have not been increased in 2 years so maybe time for an increase! Off street parking and storage. Needs some work, sold AS-IS. All figures and facts approximate, Buyer to verify to their satisfaction. Seller once held an AZ Real Estate License. Property available for first viewing at Open House Aug. 1, 10am-12noon & Aug. 2, 10am-12noon.

Last Listed By

Jon Englund

HomeSmart License #BR538641000 Listed on: 07/26/2014

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,124

Year Built

  • Built in 1972

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Longfellow Elementary School
  • Poston Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 138-14-016-K

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 16868
  • Hibbert Allen Acres Lots 8 20 Subdivision

Building Details

  • Operating Expense $1,124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,124

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Stapley Drive and Broadway Road
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Fam. M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2013
  • Directions: North on Stapley to Jarvis Avenue, E. to Allen, S. to 304 and 310 S. Allen
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Co List Office Mls Id: cmpa01
  • Co List Office Phone: 480-688-8444
  • Subdivision Name: Hibbert Allen Acres Lots 8-20
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Street Parking, 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
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 16868
  • Additional Parcels: Yes
  • Parcel #: 138-14-016-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Operating Expense: 1124.0

Tax Info

  • Tax Annual Amount: 1124.0
  • Tax Book Number: 138.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2014
Closed on
Jul 28, 2014
Sold by
Hopstaken Carol A
Bought by
Tw2 Properties Llc
Seller's Agent
Jon Englund
HomeSmart
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$269,800
Sold Price
$222,500
Premium/Discount to List
-$47,300
-17.53%
Total Days on Market
22
Current Estimated Value
$710,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,785
Avg. Annual Appreciation
11.50%

Purchase Details

Closed on
May 18, 2005
Sold by
France Paul J and France Mary C
Bought by
France Paul J and The Paul J France Revocable Trust

Purchase Details

Closed on
Sep 11, 1998
Sold by
Hopstaken Nick W
Bought by
Hopstaken Nick W and Hopstaken Carol A

Purchase Details

Closed on
Oct 19, 1982
Sold by
France Paul J
Bought by
Ortiz Arthur A and Ortiz Alma C

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
Tw2 Properties Llc $222,500 American Title Svc Agency Ll
France Paul J -- --
France Paul J -- --
Hopstaken Nick W -- --
Ortiz Arthur A -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tw2 Properties Llc $5,321,250
Closed Tw2 Properties Llc $3,559,500
Closed Tw2 Properties Llc $5,321,250
Previous Owner Hopstaken Nick W $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2014 09/12/14 Sold $222,500 -17.5% $106 / Sq Ft
08/17/2014 08/17/14 Pending -- -- --
07/26/2014 07/26/14 For Sale $269,800 -- $128 / 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 $1,830 $18,643 -- --
2024 $1,845 $17,755 -- --
2023 $1,845 $63,620 $12,720 $50,900
2022 $1,699 $45,100 $9,020 $36,080
2021 $1,729 $37,230 $7,440 $29,790
2020 $1,706 $33,650 $6,730 $26,920
2019 $1,589 $27,030 $5,400 $21,630
2018 $1,523 $24,170 $4,830 $19,340
2017 $1,476 $22,720 $4,540 $18,180
2016 $1,449 $22,100 $4,420 $17,680
2015 $1,364 $19,920 $3,980 $15,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5149846

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-016K