$618,000
SOLD APR 7, 2021
-- Bed
-- Bath
3,514 Sq Ft
7,928 Sq Ft Lot

Recently Sold

$176 Per Sq Ft

6 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 June 2022

Incredible investor opportunity in great NE Mesa location. 4plex boasts 2 bed 1 bath units ALL rented through 2022. Washer/dryer hook ups for all units, private parking in rear, and NO HOA! Seller is providing buyer with a BRAND NEW ROOF to be replaced 3/15 w/ warranty to convey. This is a rare opportunity, contact listing agent today for more info!

Last Agent to Sell the Property

Azia Coleman

Quantum Homes License #BR644705000 Listed on: 03/06/2021

Quantum Homes

Co-Listed By

Alyssa Eddy

On Q Property Management License #SA679245000

Last Buyer's Agent

John Beshk

The Beshk Group, Inc. License #BR100253000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,071

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Highland Elementary School
  • Poston Butte High Middle School
  • Mountain View High School

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 43
  • Assessor Parcel Number 140-11-404

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7928
  • University Villa East Subdivision

Building Details

  • Operating Expense $2,071
  • Gross Income $37,932
  • Net Operating Income $34,932

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,071

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Lindsay & University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: North of the 60 and South of the 202N. Take University Dr North from Los Alamos on the West or Loma Vistas on the East to Cicero.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwevt01
  • Co List Office Phone: 480-839-6600
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Free2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Highland Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Butte High School

Lot Info

  • Lot Size: 7928
  • Additional Parcels: No
  • Parcel #: 140-11-404

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 37932.0
  • Property Net Operating Income: 34932.0
  • Annual Operating Expense: 2071.0

Tax Info

  • Tax Annual Amount: 2071.0
  • Tax Book Number: 140.00
  • Tax Lot: 43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Jun 13, 2022
Sold by
Rebecca Wallace
Bought by
Anderson Kyle
Seller's Agent
John Beshk
The Beshk Group, Inc.
Buyer's Agent
Azia Coleman
Quantum Homes
List Price
$587,000
Sold Price
$570,000
Premium/Discount to List
-$17,000
-2.9%
Current Estimated Value
$680,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,747
Avg. Annual Appreciation
3.85%
Original Mortgage
$427,500
Outstanding Balance
$409,504
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$231,037

Purchase Details

Listed on
Mar 6, 2021
Closed on
Apr 12, 2021
Sold by
Expansive Minds Llc
Bought by
Wallace Rebecca
Seller's Agent
Azia Coleman
Quantum Homes
Buyer's Agent
John Beshk
The Beshk Group, Inc.
List Price
$618,000
Sold Price
$618,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.57%
Original Mortgage
$460,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 6, 2021
Closed on
Apr 1, 2021
Sold by
Anthony Leonard B
Bought by
Fischer Robert
Seller's Agent
Azia Coleman
Quantum Homes
Buyer's Agent
John Beshk
The Beshk Group, Inc.
List Price
$618,000
Sold Price
$618,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 25, 2016
Sold by
Anthony Cheryl
Bought by
Anthony Leonard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 23, 2016
Sold by
Stanford Lamarr O
Bought by
Anthony Leonard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 12, 2001
Sold by
Stanford Alison Eleri
Bought by
Stanford Lamarr Oviatt

Purchase Details

Closed on
Nov 2, 1994
Sold by
Stanford Alison E
Bought by
Stanford Lamarr O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 1994
Sold by
Hud
Bought by
Barney Travis and Barney Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.92%
Mortgage Type
New Conventional
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $570,000 United Title
Warranty Deed -- Accommodation
Warranty Deed -- Driggs Title Agency Inc
Warranty Deed $618,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- Stewart Title
Warranty Deed -- Stewart Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $120,000 Security Title Agency
Joint Tenancy Deed -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $40,000 New Conventional
Open $250,000 New Conventional
Open $427,500 New Conventional
Previous Owner $460,000 Future Advance Clause Open End Mortgage
Previous Owner $212,500 Seller Take Back
Previous Owner $96,027 Fannie Mae Freddie Mac
Previous Owner $96,000 New Conventional
Previous Owner $60,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $570,000 -2.9% $162 / Sq Ft
11/04/2021 11/04/21 For Sale $587,000 -5.0% $167 / Sq Ft
04/07/2021 04/07/21 Sold $618,000 0.0% $176 / Sq Ft
03/06/2021 03/06/21 For Sale $618,000 -- $176 / 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 $2,100 $21,391 -- --
2024 $2,117 $20,373 -- --
2023 $2,117 $57,730 $11,540 $46,190
2022 $2,073 $43,660 $8,730 $34,930
2021 $2,098 $35,350 $7,070 $28,280
2020 $2,071 $33,180 $6,630 $26,550
2019 $1,935 $24,270 $4,850 $19,420
2018 $1,857 $22,000 $4,400 $17,600
2017 $1,802 $18,580 $3,710 $14,870
2016 $1,768 $17,730 $3,540 $14,190
2015 $1,662 $15,760 $3,150 $12,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6203732

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-404