NOT LISTED FOR SALE

Estimated Value: $586,000 - $667,000

8 Beds
-- Bath
2,918 Sq Ft
$212/Sq Ft Est. Value

Sale Details

Date Sold: March 22, 2021

Last sale price $540,000 $185 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,397 / mo

7 Days on Market

Highlights

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

About This Home

As of March 2021

GREAT FOURPLEX INVESTMENT OPPORTUNITY! ALL UNITS CONSIST OF 2 BEDROOMS AND 1 BATHROOM. STACKABLE LAUNDRY OPTIONS IN EACH BATHROOM! SPACIOUS UNITS WITH THE UPSTAIRS UNITS HAVING LARGE COVERED PATIOS WITH VAULTED CEILINGS INSIDE. TERMITE TREATMENT IN FEBRUARY WITH 2 YEAR WARRANTY. GREAT INCOME PRODUCING PROPERTY THAT HAS GREAT UPSIDE ON RENTS WITH SOME UNITS BECOMING MONTH TO MONTH SOON. ACROSS THE STREET, THE UNITS JUST LEASED FOR NEARLY $1,100 AND FOURPLEX ACROSS STREET SOLD FOR $595K. LOTS OF PARKING, KITCHEN CABINETS RECENTLY PAINTED IN EACH UNIT, EACH UNIT HAS EXTERIOR STORAGE CLOSET, DESIRABLE LOCATION NEAR DOWNTOWN MESA. SELLER WILL REVIEW ALL OFFERS SUBMITTED AND MAKE A DECISION BY WEDNESDAY FEBRUARY 17TH AT 8:00 PM. BUYER MUST VERIFY ALL FACTS AND FIGURES. NOTHING FOLLOWS

Last Agent to Sell the Property

Daniel Shreeve

Arizona Platinum Properties LLC License #BR572199000 Listed on: 02/11/2021

Last Buyer's Agent

Blaine Jarvis

Four Peaks Property Management LLC License #SA027837000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1985

Lot Details

  • 8,233

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • Lincoln Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 139-36-103

Community Details

Overview

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

Building Details

  • Operating Expense $12,880
  • Gross Income $37,500
  • Net Operating Income $24,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1985

Lot Details

8,233 Sq Ft Lot

Listing Details

  • Cross Street: MESA DR. AND BROADWAY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2650.0
  • 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: Other, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved
  • 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:Paved2: Yes

Utilities

  • Electric: City Electric
  • 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

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 3000.0

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: Unknown
  • Additional Parcels: No
  • Parcel #: 139-36-103

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 37500.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 24620.0
  • Annual Operating Expense: 12880.0

Tax Info

  • Tax Annual Amount: 1330.0
  • Tax Book Number: 139.00
  • Tax Lot: 7

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
Feb 11, 2021
Closed on
Mar 13, 2021
Sold by
Bought by
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
Blaine Jarvis
Four Peaks Property Management LLC
List Price
$485,000
Sold Price
$540,000
Premium/Discount to List
$55,000
11.34%
Current Estimated Value
$618,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,778
Avg. Annual Appreciation
2.65%
Original Mortgage
$517,843
Outstanding Balance
$464,210
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$154,568

Purchase Details

Listed on
Apr 2, 2012
Closed on
May 15, 2012
Sold by
Bought by
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
Chad Cluff
Cluff Real Estate LLC
List Price
$145,000
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.08%
Original Mortgage
$101,250
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2009
Sold by
Bought by

Purchase Details

Closed on
May 3, 2006
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
$280,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2004
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
$198,250
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 2002
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
$168,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 1999
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
$145,800
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 1997
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
$97,500
Interest Rate
7.98%
Mortgage Type
New Conventional
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

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
$530,000 Empire West Title Agency Llc
$135,000 First Arizona Title Agency
-- None Available
$85,000 Lawyers Title Of Arizona Inc
-- Alliance Title Company
-- Fidelity National Title
$305,000 Fidelity National Title
-- Chicago Title Insurance Co
$225,000 Chicago Title Insurance Co
$210,000 North American Title Co
$162,000 Grand Canyon Title Agency In
$130,000 Old Republic Title Agency
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 $517,843
Previous Owner $101,250
Previous Owner $280,000
Previous Owner $198,250
Previous Owner $168,000
Previous Owner $145,800
Previous Owner $97,500
Closed $76,200
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 Prior Sale
03/22/2021 03/22/21 Sold $540,000 +11.3% $185 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $485,000 +234.5% $166 / Sq Ft
05/30/2012 05/30/12 Sold $145,000 0.0% $199 / Sq Ft View Prior Sale
04/05/2012 04/05/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $145,000 -- $199 / 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 $1,355 $13,734 -- --
2024 $1,359 $13,080 -- --
2023 $1,359 $49,870 $9,970 $39,900
2022 $1,331 $35,180 $7,030 $28,150
2021 $1,347 $28,010 $5,600 $22,410
2020 $1,330 $25,160 $5,030 $20,130
2019 $1,242 $19,880 $3,970 $15,910
2018 $1,192 $18,230 $3,640 $14,590
2017 $1,157 $16,480 $3,290 $13,190
2016 $1,135 $15,750 $3,150 $12,600
2015 $1,067 $13,570 $2,710 $10,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6193312

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-103

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