NOT LISTED FOR SALE

320 W 5th Place Mesa, AZ 85201

Evergreen Historic District Neighborhood

Estimated Value: $597,515 - $788,000

2 Beds
-- Bath
3,392 Sq Ft
$200/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $318,000 $94 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $3,823/month

4 Days on Market

Highlights

  • Central Air
  • Heating Available
  • 1-minute walk to Evergreen Park
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2017

Great Investment in the Heart of Mesa, AZ.4-Plex each with 2 bed, with covered parking for each unit. Close to Community College, schools, shoppings, park and Freeways. Has its own common laundry room and storage room for each unit.

Cap rate 6.07 with a potential increase to 7.1

Buyer must verify all facts and figures on their own. Drive by only, no showings until accepted offer.

Last Agent to Sell the Property

Doug Smith

Precision Real Estate License #BR623714000 Listed on: 09/13/2017

Last Buyer's Agent

Victoria Yang

Sweet Dream Homes Realty License #BR650899000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,369

Year Built

  • Built in 1980

Lot Details

  • 9,409

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 137-27-085-N

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9391

Building Details

  • Operating Expense $9,176
  • Net Operating Income $19,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,369

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: COUNTRY CLUB AND 6TH STREET
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2016
  • Directions: HEAD SOUTH ON COUNTRY CLUB. TAKE FIRST IMMEDIATE LEFT ON TO W. 5TH PL. UNIT IS ON THE LEFT SIDE OF THE STREET.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Tax Parcel Letter: N
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Schools

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

Lot Info

  • Lot Size: 9391
  • Additional Parcels: No
  • Parcel #: 137-27-085-N

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1206.78
  • Property Net Operating Income: 19744.22
  • Annual Operating Expense: 9175.78

Tax Info

  • Tax Annual Amount: 1369.0
  • Tax Book Number: 137.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Oct 24, 2017
Sold by
Dankar Llc
Bought by
Dankar Llc
Seller's Agent
Doug Smith
Precision Real Estate
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$325,000
Sold Price
$318,000
Premium/Discount to List
-$7,000
-2.15%
Total Days on Market
4
Current Estimated Value
$678,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,129
Avg. Annual Appreciation
10.13%
Original Mortgage
$238,500
Outstanding Balance
$201,859
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$476,270

Purchase Details

Listed on
Sep 13, 2017
Closed on
Oct 19, 2017
Sold by
Dankar Llc
Bought by
Chan Andy and Chan Ying Zeng
Seller's Agent
Doug Smith
Precision Real Estate
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$325,000
Sold Price
$318,000
Premium/Discount to List
-$7,000
-2.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Outstanding Balance
$201,859
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$476,270

Purchase Details

Closed on
Jun 6, 2008
Sold by
Swinton Daniel L and Swinton Karen E
Bought by
Dankar Llc
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 Buyer Sale Price Title Company
Dankar Llc -- None Available
Chan Andy $318,000 Precision Title Agency Inc
Dankar Llc $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Andy $238,500
Previous Owner Swinton Daniel L $60,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $318,000 -2.2% $94 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $325,000 0.0% $96 / Sq Ft
11/16/2012 11/16/12 Rented $575 0.0% --
11/14/2012 11/14/12 Under Contract -- -- --
10/12/2012 10/12/12 For Rent $575 -- --
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 $1,626 $16,565 -- --
2024 $1,639 $15,776 -- --
2023 $1,639 $53,960 $10,790 $43,170
2022 $1,605 $39,780 $7,950 $31,830
2021 $1,625 $32,670 $6,530 $26,140
2020 $1,604 $29,410 $5,880 $23,530
2019 $1,498 $25,070 $5,010 $20,060
2018 $1,438 $22,450 $4,490 $17,960
2017 $1,395 $19,130 $3,820 $15,310
2016 $1,369 $18,280 $3,650 $14,630
2015 $1,287 $16,350 $3,270 $13,080
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Doug Smith

    Precision Real Estate

    (623) 218-1113

    42 Total Sales

    Doug Smith
    Section Image

  • V

    Buyer's Agent in 2017

    Victoria Yang

    Sweet Dream Homes Realty

    (480) 335-8298

    8 Total Sales

    Victoria Yang
    Section Image

  • H

    Seller's Agent in 2012

    Harry D'Elia

    WeDo Real Estate and Beyond

    (602) 549-9764

    4 Total Sales

    Harry D'Elia
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5659275

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-27-085N

Arizona Maricopa County Mesa 85201 Evergreen Historic District

320 W 5th Place, Mesa, AZ

This home is located at 320 W 5th Place, Mesa, AZ 85201 since 13 September 2017 and is currently estimated at $678,129, approximately $199 per square foot. This property was built in 1980. 320 W 5th Place is a home located in Maricopa County with nearby schools including Eisenhower Center for Innovation, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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