NOT LISTED FOR SALE

Estimated Value: $499,707 - $587,000

-- Bed
-- Bath
700 Sq Ft
$764/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $534,000 $763 Per Sq Ft

Current estimated payment $3,074/month

2 Days on Market

Highlights

  • Central Air
  • Carpet
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2022

Tremendous opportunity! This super functional triplex is an amazing location just over a mile north of the light rail, close to spring training at Hohokam Stadium, Fitch Park, and beautifully revitalized downtown Mesa. Each unit has 2 bedrooms and 1 bathroom, living area, and kitchen as well as a large laundry room and carport. There is plenty of additional parking on the property as well.

Last Listed By

Brandy Karczewski

Arizona Gateway Real Estate License #BR576948000 Listed on: 05/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,221

Year Built

  • Built in 1963

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Eisenhower Center For Innovation Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Central Air
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • Tax Lot 23
  • Assessor Parcel Number 137-24-084

Community Details

Overview

  • 3 Units
  • Building Dimensions are 148x77
  • Kent Manor Subdivision

Building Details

  • Operating Expense $1,221
  • Gross Income $46,455
  • Net Operating Income $44,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,221

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Center and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2021
  • Directions: University north to Center. Center north to 6th Pl. 6th Pl west to property.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: KENT MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Compactor2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Eisenhower Center For Innovation
  • High School: Westwood High School
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 148x77
  • Additional Parcels: No
  • Parcel #: 137-24-084

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 46455.0
  • Property Net Operating Income: 44000.0
  • Annual Operating Expense: 1221.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1221.0
  • Tax Book Number: 137.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 20, 2022
Sold by
Eduardo F Rascon Revocable Living Trust
Bought by
Jin Shi
Seller's Agent
Brandy Karczewski
Arizona Gateway Real Estate
Buyer's Agent
Russell Shaw
Realty One Group
List Price
$525,000
Sold Price
$534,000
Premium/Discount to List
$9,000
1.71%
Total Days on Market
2
Current Estimated Value
$534,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$927
Avg. Annual Appreciation
0.06%
Original Mortgage
$346,975
Outstanding Balance
$333,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$201,927

Purchase Details

Closed on
Jul 25, 2003
Sold by
Rascon Eduardo F
Bought by
Rascon Eduardo F and Eduardo F Rascon Revocable Living Trust

Purchase Details

Closed on
Jul 7, 2000
Sold by
Michael David W
Bought by
Rascon Eduardo F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,600
Interest Rate
8.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 1996
Sold by
Walhood Barbara and Walhood Bennie Lee
Bought by
Michael David W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,816
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

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 Buyer Sale Price Title Company
Jin Shi $534,000 Old Republic Title
Rascon Eduardo F -- --
Rascon Eduardo F -- --
Rascon Eduardo F $124,000 Arizona Title Agency Inc
Michael David W $85,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jin Shi $346,975
Previous Owner Rascon Eduardo F $111,600
Previous Owner Michael David W $84,816
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2022 06/27/22 Sold $534,000 +1.7% $763 / Sq Ft
05/16/2022 05/16/22 For Sale $525,000 -- $750 / 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 $1,302 $13,264 -- --
2024 $1,313 $12,632 -- --
2023 $1,313 $42,880 $8,570 $34,310
2022 $1,199 $31,710 $6,340 $25,370
2021 $1,221 $27,480 $5,490 $21,990
2020 $1,205 $25,000 $5,000 $20,000
2019 $1,122 $20,970 $4,190 $16,780
2018 $1,075 $18,660 $3,730 $14,930
2017 $1,042 $15,510 $3,100 $12,410
2016 $1,023 $14,720 $2,940 $11,780
2015 $963 $12,880 $2,570 $10,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6400642

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-24-084