$205,000
SOLD MAY 23, 2016
-- Bed
-- Bath
2,918 Sq Ft
7,884 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

6% Below List Price

5 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 December 2021

''ATTENTION INVESTORS'' THIS IS A GREAT INVESTMENT OPPORTUNITY. CENTRAL MESA LOCATION 4-PLEX WITH 2 BEDROOM, 1 BATH UNITS WITH OPEN GREAT ROOM, KITCHEN/W PANTRY. CLOSE TO LIGHT RAIL AND US 60. TENANTS PAY ELECTRIC - GREAT OPPORTUNITY FOR AN IMMEDIATE CASH FLOW
''PLEASE DO NOT DISTURB TENANTS'' INSPECTIONS ONLY AFTER ACCEPTED OFFER - DRIVE BY ONLY - NO SIGN ON PROPERTY - ALL FACTS AND FIGURES ARE APPROXIMATE-BUYER AND BUYER'S AGENT TO VERIFY ALL ITEMS OF CONCERN PRIOR TO THE END OF THE DUE DILIGENCE PERIOD

Last Agent to Sell the Property

Marion Johannson

West USA Realty License #SA627663000 Listed on: 04/26/2016

West USA Realty

Last Buyer's Agent

Rod Hofeling

RE/MAX Foothills License #BR112580000

RE/MAX Foothills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,060

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

  • Lincoln Elementary School
  • Kino 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, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 139-36-104

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70 X 140
  • East Almond Place Lot 1 8 Subdivision

Building Details

  • Operating Expense $4,930
  • Gross Income $4,240
  • Net Operating Income $19,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,060

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: MESA DRIVE & BROADWAY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: MESA DRIVE & BROADWAY - EAST ON BROADWAY TO WILBUR - RIGHT ON WILBUR TO VINE CIRCLE - LEFT ON VINE CIRLE - PROPERTY IS THE FIRST UNIT OF THE RIGHT (SOUTH-WEST CORNER)
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST ALMOND PLACE LOT 1-8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

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

Utilities

  • Electric: City Electric, 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
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1260.0
  • Annual Water Sewer Expense: 1260.0

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 70 X 140
  • Additional Parcels: No
  • Parcel #: 139-36-104

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 4240.0
  • Insurance Expense: 1150.0
  • Property Net Operating Income: 19070.0
  • Annual Operating Expense: 4930.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1060.0
  • Tax Book Number: 139.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2017
Sold by
Lavin Brent and Lavin Carrie
Bought by
Lavin Brent J and Lavin Carrie A
Current Estimated Value
$714,376

Purchase Details

Listed on
May 31, 2017
Closed on
Jul 20, 2017
Sold by
Appcom Investment Llc
Bought by
Lavin Brent and Lavin Carrie
Seller's Agent
Alex Affas, CCIM
AFFIRE, LLC
Buyer's Agent
Douglas Foster
A-Z Real Estate Professionals
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.86%
Original Mortgage
$217,500
Outstanding Balance
$183,309
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$530,639

Purchase Details

Listed on
Apr 26, 2016
Closed on
May 17, 2016
Sold by
Cicerelli Michael and Poirot Jaimee
Bought by
Appcom Investment Llc
Seller's Agent
Marion Johannson
West USA Realty
Buyer's Agent
Rod Hofeling
RE/MAX Foothills
List Price
$217,500
Sold Price
$205,000
Premium/Discount to List
-$12,500
-5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.51%
Original Mortgage
$164,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 18, 2014
Closed on
Jan 27, 2015
Sold by
Msca Investments Llc
Bought by
Cicerelli Michael and Poirot Jaimee
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$174,900
Sold Price
$180,000
Premium/Discount to List
$5,100
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$135,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2013
Sold by
Colegrove Michael and Colegrove Sherry L
Bought by
Msca Investments Llc

Purchase Details

Closed on
May 23, 2011
Sold by
Christman Justin
Bought by
Colegrove Michael and Colegrove Sherry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2010
Sold by
Rolph Bruce J
Bought by
Christman Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,030
Interest Rate
4.35%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 11, 2002
Sold by
Rolph Maria I
Bought by
Rolph Bruce J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2002
Sold by
Immel John J and Immel Dolores
Bought by
Hernandez Arthur J and Hernandez Cathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 1999
Sold by
Ftp Investments Llc
Bought by
Immel John J and Immel Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,800
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1998
Sold by
Fairbanks Jeffrey Clark and Fairbanks Kristie Young
Bought by
Ftp Investments Llc

Purchase Details

Closed on
Dec 16, 1996
Sold by
Franco Manuel
Bought by
Fairbanks Jeffrey C and Fairbanks Kristie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,827
Interest Rate
7.53%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $290,000 Grand Canyon Title Agency
Warranty Deed $205,000 Greystone Title Agency Llc
Warranty Deed $180,000 First Arizona Title Agency
Warranty Deed -- None Available
Warranty Deed $115,000 Great American Title Agency
Interfamily Deed Transfer -- Great American Title Agency
Trustee Deed $50,300 None Available
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $225,000 Chicago Title Insurance Co
Warranty Deed $210,000 North American Title Co
Joint Tenancy Deed $162,000 Grand Canyon Title Agency In
Quit Claim Deed -- --
Warranty Deed $103,800 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $217,500 New Conventional
Previous Owner $164,000 Commercial
Previous Owner $135,000 New Conventional
Previous Owner $86,250 New Conventional
Previous Owner $44,030 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $45,000 Stand Alone Second
Previous Owner $180,000 Purchase Money Mortgage
Previous Owner $168,000 New Conventional
Previous Owner $145,800 New Conventional
Previous Owner $29,827 Assumption
Closed $31,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $646,000 +0.9% $221 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
11/07/2021 11/07/21 Price Changed $640,000 +0.8% $219 / Sq Ft
11/05/2021 11/05/21 For Sale $635,000 +119.0% $218 / Sq Ft
07/24/2017 07/24/17 Sold $290,000 -1.7% $99 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
06/20/2017 06/20/17 Price Changed $295,000 -4.8% $101 / Sq Ft
05/31/2017 05/31/17 For Sale $310,000 +51.2% $106 / Sq Ft
05/23/2016 05/23/16 Sold $205,000 -5.7% $70 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $217,500 +20.8% $75 / Sq Ft
01/20/2015 01/20/15 Sold $180,000 +2.9% $62 / Sq Ft
12/28/2014 12/28/14 Pending -- -- --
12/17/2014 12/17/14 For Sale $174,900 -- $60 / 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 $1,339 $13,640 -- --
2024 $1,350 $12,991 -- --
2023 $1,350 $49,610 $9,920 $39,690
2022 $1,322 $35,010 $7,000 $28,010
2021 $1,338 $27,830 $5,560 $22,270
2020 $1,321 $25,000 $5,000 $20,000
2019 $1,234 $19,800 $3,960 $15,840
2018 $1,184 $18,160 $3,630 $14,530
2017 $1,149 $16,430 $3,280 $13,150
2016 $1,128 $15,660 $3,130 $12,530
2015 $1,060 $13,510 $2,700 $10,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5434723

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-104