NOT LISTED FOR SALE

Estimated Value: $573,000 - $692,846

Studio
-- Bath
2,918 Sq Ft
$224/Sq Ft Est. Value

Last Sold January 15, 2024

Last sale price $670,000 $230 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,473/month

18 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of January 2024

Well maintained 4-plex in the heart of Mesa. All units are 2 bed, 1 bath with washer / dryer hookups. The property has solid return metrics and should be a nice addition to any investor's portfolio. Two of the units have been renovated in the last few years by the current owner. Serious buyers only. No wholesalers.
Do NOT go on the property.

Last Agent to Sell the Property

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 12/07/2023

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 12/07/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,355

Year Built

  • Built in 1985

Lot Details

  • 8,146

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 139-36-097

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8154
  • East Almond Place Subdivision

Building Details

  • Operating Expense $1,355
  • Gross Income $54,720
  • Net Operating Income $54,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,355

Year Built

Built in 1985

Lot Details

8,146 Sq Ft Lot

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST ALMOND PLACE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space/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

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8154
  • Additional Parcels: No
  • Parcel #: 139-36-097

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 54720.0
  • Property Net Operating Income: 54720.0
  • Annual Operating Expense: 1355.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1355.0
  • Tax Book Number: 139.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Jan 18, 2024
Sold by
Thomas Kyle and Thomas Stephanie Joy
Bought by
Vine Circle Llc
Seller's Agent
Larry Burr
ATLAS AZ, LLC
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$695,000
Sold Price
$670,000
Premium/Discount to List
-$25,000
-3.6%
Views
13
Current Estimated Value
$654,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,788
Avg. Annual Appreciation
-1.14%

Purchase Details

Closed on
May 8, 2020
Sold by
Thomas Kyle and Thomas Stephanie Joy
Bought by
Thomas Kyle and Thomas Stephanie Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2019
Sold by
Rolph Bruce J
Bought by
Thomas Stephanie and Thomas Kyle

Purchase Details

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

Purchase Details

Closed on
Jun 13, 2002
Sold by
Sutton Ryan L and Sutton Jennifer L
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
Jun 22, 1999
Sold by
Hing Cheung Kit and Evans Darla J
Bought by
Sutton Ryan L and Sutton Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
7.2%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 1997
Sold by
Hing Cheung Kit
Bought by
Hing Cheung Kit and Evans Darla J
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
Vine Circle Llc $656,000 First Integrity Title Agency O
Thomas Kyle -- None Available
Thomas Stephanie $416,000 First Integrity Title Co
Rolph Bruce J -- Chicago Title Insurance Co
Rolph Bruce J $225,000 Chicago Title Insurance Co
Hernandez Arthur J $210,000 North American Title Co
Sutton Ryan L $162,000 Grand Canyon Title Agency In
Hing Cheung Kit -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Kyle $294,000
Previous Owner Hernandez Arthur J $168,000
Previous Owner Sutton Ryan L $129,600
Closed Sutton Ryan L $16,200
Closed Hernandez Arthur J $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2024 01/15/24 Sold $670,000 -3.6% $230 / Sq Ft
12/07/2023 12/07/23 For Sale $695,000 -- $238 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,351 $13,696 -- --
2024 $1,355 $13,044 -- --
2023 $1,355 $49,810 $9,960 $39,850
2022 $1,327 $35,150 $7,030 $28,120
2021 $1,344 $27,970 $5,590 $22,380
2020 $1,326 $25,120 $5,020 $20,100
2019 $1,239 $19,860 $3,970 $15,890
2018 $1,189 $18,220 $3,640 $14,580
2017 $1,154 $16,470 $3,290 $13,180
2016 $1,132 $15,720 $3,140 $12,580
2015 $1,064 $13,560 $2,710 $10,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6637988

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-097

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