NOT LISTED FOR SALE

Estimated Value: $754,455

8 Beds
-- Bath
3,514 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2022

Last sale price $750,000 $213 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,148 / mo

18 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Highland Elementary School Rated 9+

About This Home

As of June 2022

Fourplex located in a highly desirable NE Mesa location. Close to major freeways, shopping and dining. Fresh exterior paint (2021), tile roof, all 2 bed 1 bath units, separate private laundry/storage room with W/D hook ups. Fenced in common area. 7 parking spaces behind building. Current and proforma financials attached FULLY OCCUPIED. ALL TENANTS MTM. ALL FACTS AND FIGURES APPROXIMATE.

Last Agent to Sell the Property

Danielle Walko

Better Homes & Gardens Real Estate SJ Fowler License #SA690261000 Listed on: 04/22/2022

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1984

Lot Details

  • 7,928

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Schools

  • Highland Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 38
  • Assessor Parcel Number 140-11-399

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7940
  • University Villa East Subdivision

Building Details

  • Operating Expense $16,201
  • Gross Income $54,096
  • Net Operating Income $38,615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,098

Year Built

Built in 1984

Lot Details

7,928 Sq Ft Lot

Listing Details

  • Cross Street: VAL VISTA/UNIVERSITY
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 2669.0
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 3120.0

Schools

  • Elementary School: Highland 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: 7940
  • Additional Parcels: No
  • Parcel #: 140-11-399

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 54096.0
  • Insurance Expense: 1188.0
  • Maintenance Expense: 6406.0
  • Property Net Operating Income: 38615.0
  • Annual Operating Expense: 16201.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2098.0
  • Tax Book Number: 140.00
  • Tax Lot: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2022
Closed on
Jun 3, 2022
Sold by
Chi Chia and Belotti Michele
Bought by
Gemelli Llc
Seller's Agent
Danielle Walko
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$745,000
Sold Price
$750,000
Premium/Discount to List
$5,000
0.67%
Current Estimated Value
$754,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,455
Avg. Annual Appreciation
0.15%
Original Mortgage
$562,500
Outstanding Balance
$532,063
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$222,392

Purchase Details

Closed on
Mar 10, 2022
Sold by
Dream West Llc
Bought by
Krystal Rv Park Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 2019
Sold by
George Nicholas J and George Sharon L
Bought by
Dream West Llc

Purchase Details

Closed on
May 6, 2014
Sold by
Granato Caroline A
Bought by
George Nicholas J and George Sharon L

Purchase Details

Closed on
Mar 2, 2004
Sold by
George Nicholas J and George Sharon L
Bought by
Granato Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2004
Sold by
Granato Caroline
Bought by
George Nicholas J and George Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2003
Sold by
George Nicholas J and George Sharon L
Bought by
Granato Caroline
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
Gemelli Llc -- Great American Title
Chi Chia $750,000 Great American Title
Krystal Rv Park Investors Llc $655,000 Great American Title
Krystal Rv Park Investors Llc $655,000 Great American Title
Dream West Llc -- None Available
George Nicholas J -- None Available
Granato Caroline $232,000 Arizona Title Agency Inc
George Nicholas J -- Arizona Title Agency Inc
Granato Caroline -- Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chi Chia $562,500
Previous Owner Krystal Rv Park Investors Llc $200,000
Previous Owner Granato Caroline $162,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2022 06/14/22 Sold $750,000 +0.7% $213 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $745,000 -- $212 / 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 $2,110 $21,391 -- --
2024 $2,117 $20,373 -- --
2023 $2,117 $57,730 $11,540 $46,190
2022 $2,073 $43,670 $8,730 $34,940
2021 $2,098 $35,350 $7,070 $28,280
2020 $2,071 $33,180 $6,630 $26,550
2019 $1,935 $24,280 $4,850 $19,430
2018 $1,857 $22,010 $4,400 $17,610
2017 $1,802 $18,600 $3,720 $14,880
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: 6386514

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-399

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