$460,000
SOLD NOV 20, 2020
-- Bed
-- Bath
2,918 Sq Ft
10,498 Sq Ft Lot

Recently Sold

$158 Per Sq Ft

3% Above List Price

14 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of November 2020

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. BRAND NEW ROOF INSTALLED WITHIN THE LAST YEAR THAT COMES WITH A 5-YEAR WARRANTY! GREAT INCOME PRODUCING THAT HAS GREAT UPSIDE ON RENTS WITH ALL UNITS BECOMING MONTH TO MONTH AT THE END OF THIS MONTH. ACROSS THE STREET, THE UNITS JUST LEASED FOR NEARLY $1,100!

Last Agent to Sell the Property

Daniel Shreeve

Arizona Platinum Properties LLC License #BR572199000 Listed on: 10/16/2020

Last Buyer's Agent

James Roberts

My Home Group Real Estate License #SA639379000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

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 5
  • Assessor Parcel Number 139-36-101

Community Details

Overview

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

Building Details

  • Operating Expense $1,370
  • Gross Income $149,760
  • Net Operating Income $31,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,370

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: MESA DR. & BROADWAY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST ALMOND PLACE
  • 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

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: 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

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: UNKNOWN
  • Additional Parcels: No
  • Parcel #: 139-36-101

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 149760.0
  • Property Net Operating Income: 31000.0
  • Annual Operating Expense: 1370.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1370.0
  • Tax Book Number: 139.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Nov 11, 2020
Sold by
Morrison Matthew J and Morrison Beth D
Bought by
Nguyen Phuong Thi and Tam Merrick
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
James Roberts
My Home Group Real Estate
List Price
$445,000
Sold Price
$460,000
Premium/Discount to List
$15,000
3.37%
Current Estimated Value
$694,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,837
Avg. Annual Appreciation
11.77%
Original Mortgage
$337,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2012
Closed on
May 15, 2012
Sold by
Wright Lawrence C and Wright Delores B
Bought by
Morrison Matthew J and Morrison Beth D
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
14.58%
Original Mortgage
$94,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2009
Sold by
Free Loan Consult Llc
Bought by
Wright Lawrence C and Wright Delores B

Purchase Details

Closed on
Sep 21, 2009
Sold by
Alvarez Frank and Alvarez Frank
Bought by
Free Loan Consult Llc

Purchase Details

Closed on
May 30, 2006
Sold by
Alvarez Frank and Alvarez Frank
Bought by
Alvarez Frank and Alvarez Frank

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
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 3, 2004
Sold by
Alvarez Nancy
Bought by
Alvarez Frank

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
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2002
Sold by
Rolph Maria I
Bought by
Rolph Bruce J

Purchase Details

Closed on
Jun 13, 2002
Sold by
Sutton Ryan L and Sutton Jennifer L
Bought by
Hernandez Arthur J and Hernandez Cathy L

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
May 3, 1999
Sold by
Ftp Investments Llc
Bought by
Sutton Ryan L and Sutton Jennifer L

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
Jul 25, 1997
Sold by
Fairbanks Jeffrey C
Bought by
Fairbanks Jeffrey C and Fairbanks Kristie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
7.58%
Source: Public Records

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Range of Values:

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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 $460,000 Empire West Title Agency Llc
Warranty Deed $135,000 First Arizona Title Agency
Quit Claim Deed -- None Available
Cash Sale Deed $85,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- Fidelity National Title
Joint Tenancy Deed $305,000 Fidelity National Title
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $225,000 Chicago Title Insurance Co
Warranty Deed $210,000 North American Title Co
Joint Tenancy Deed $162,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $254,212 Credit Line Revolving
Closed $337,500 New Conventional
Previous Owner $94,500 New Conventional
Previous Owner $280,000 Fannie Mae Freddie Mac
Previous Owner $198,250 Purchase Money Mortgage
Previous Owner $168,000 New Conventional
Previous Owner $145,800 New Conventional
Previous Owner $101,250 No Value Available
Previous Owner $89,000 No Value Available
Closed $76,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $460,000 +3.4% $158 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $445,000 0.0% $153 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $445,000 +206.9% $153 / Sq Ft
05/30/2012 05/30/12 Sold $145,000 0.0% $199 / Sq Ft
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 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 $1,389 $14,148 -- --
2024 $1,400 $13,474 -- --
2023 $1,400 $51,220 $10,240 $40,980
2022 $1,371 $36,080 $7,210 $28,870
2021 $1,388 $28,970 $5,790 $23,180
2020 $1,370 $26,010 $5,200 $20,810
2019 $1,280 $20,350 $4,070 $16,280
2018 $1,228 $18,600 $3,720 $14,880
2017 $1,192 $16,770 $3,350 $13,420
2016 $1,170 $16,160 $3,230 $12,930
2015 $1,099 $13,850 $2,770 $11,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6147887

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-101