NOT LISTED FOR SALE

Estimated Value: $465,000 - $805,498

Studio
-- Bath
3,496 Sq Ft
$197/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2020

Last sale price $535,000 $153 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,961 / mo

16 Days on Market

Highlights

  • Carpet
  • Highland Elementary School Rated 9+
  • Heating Available

About This Home

As of June 2020

Great Investment Opportunity! This 4-plex has brand new stainless steel appliances in every unit. Each unit is a 2bed/2bath with new paint and carpeting. Currently all units are rented but rents could be raised (market rent is approx $1,000). Laundry hookups in each unit. Covered parking in back. Tenant pays electricity and gas. Owner pays water, sewer, and trash.
DO NOT DISTURB TENANTS. All 4 units are currently rented.

Last Agent to Sell the Property

Lavon Curtis

DeLex Realty License #SA683702000 Listed on: 05/14/2020

Last Buyer's Agent

Jason Shepherd

SRGC West License #BR555335000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,928

Year Built

  • Built in 1984

Lot Details

  • 7,928

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

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

Schools

  • Hermosa Vista Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 44
  • Assessor Parcel Number 140-11-405

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7925
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $1,928
  • Gross Income $40,080
  • Net Operating Income $40,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,928

Year Built

Built in 1984

Lot Details

7,928 Sq Ft Lot

Listing Details

  • Cross Street: University and Lindsay
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: 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

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Hermosa Vista Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 7925
  • Additional Parcels: No
  • Parcel #: 140-11-405

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 40080.0
  • Property Net Operating Income: 40080.0
  • Annual Operating Expense: 1928.0

Tax Info

  • Tax Annual Amount: 1928.0
  • Tax Book Number: 140.00
  • Tax Lot: 44

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Jun 23, 2020
Sold by
Bought by
Seller's Agent
Lavon Curtis
DeLex Realty
Buyer's Agent
Jason Shepherd
SRGC West
List Price
$549,900
Sold Price
$535,000
Premium/Discount to List
-$14,900
-2.71%
Current Estimated Value
$688,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,875
Avg. Annual Appreciation
4.20%
Original Mortgage
$401,250
Outstanding Balance
$348,520
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$340,355

Purchase Details

Listed on
May 14, 2020
Closed on
Jun 22, 2020
Sold by
Bought by
Seller's Agent
Lavon Curtis
DeLex Realty
Buyer's Agent
Jason Shepherd
SRGC West
List Price
$549,900
Sold Price
$535,000
Premium/Discount to List
-$14,900
-2.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Outstanding Balance
$348,520
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$340,355

Purchase Details

Closed on
Oct 1, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First Integrity Ttl Agcy Of
$535,000 First Integrity Title Agency
$408,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $401,250
Previous Owner $306,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $535,000 -2.7% $153 / Sq Ft
05/14/2020 05/14/20 For Sale $549,900 -- $157 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,103 $21,316
2024 $2,109 $20,301
2023 $2,109 $57,530 $11,500 $46,030
2022 $2,066 $43,510 $8,700 $34,810
2021 $2,091 $35,220 $7,040 $28,180
2020 $2,064 $33,070 $6,610 $26,460
2019 $1,928 $24,200 $4,840 $19,360
2018 $1,851 $21,920 $4,380 $17,540
2017 $1,796 $18,520 $3,700 $14,820
2016 $1,762 $18,730 $3,740 $14,990
2015 $1,656 $17,510 $3,500 $14,010
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6078103

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-405

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