NOT LISTED FOR SALE

326 S Doran Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $770,340

9 Beds
4 Baths
855 Sq Ft
$901/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $800,000 $936 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,320/month

6 Days on Market

Highlights

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

About This Home

As of June 2022

326 South Doran is a 4-unit property built in 1979 and
constructed with wood frame and pitched asphalt roofing. The units are individually metered for electricity and hot water. Tenants
enjoy in-suite washer / dryer, private backyards, and at-unit
parking. All areas of the Phoenix Valley are accessible from 326
South Doran by way of the Red Mountain Freeway (Loop 202),
Superstition Freeway (US 60), and Price Freeway (Loop 101).
326 South Doran is located in a high rent growth area.
According to the Zumper National Rent Report, Mesa
experienced a 21% Rent Growth in 2021. Residents enjoy close
proximity to Downtown Mesa and a Metro Light Rail station.

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 05/05/2022

Munroe Multifamily

Last Buyer's Agent

Melissa Pimentel

Call Realty, Inc. License #SA665985000

Call Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,397

Year Built

  • Built in 1979

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 12 Open Parking Spaces
  • 13 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Cooling Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 138-14-021-L

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown

Building Details

  • Operating Expense $1,397
  • Gross Income $69,888
  • Net Operating Income $52,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,397

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Broadway & Stapley
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: North to Dana Ave, East to Doran, South to property.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: L
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Carport: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: See Remarks
  • Cooling Y N: Yes
  • Water Source: City Franchise
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 138-14-021-L

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 69888.0
  • Property Net Operating Income: 52265.0
  • Annual Operating Expense: 1397.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1397.0
  • Tax Book Number: 138.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 22, 2022
Sold by
Tw2 Properties Llc
Bought by
Nielsen Chad and Nielsen Natalie
Seller's Agent
Royce Munroe
Munroe Multifamily
Buyer's Agent
Melissa Pimentel
Call Realty, Inc.
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Current Estimated Value
$770,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,660
Avg. Annual Appreciation
-1.37%
Original Mortgage
$592,500
Outstanding Balance
$567,076
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$199,301

Purchase Details

Listed on
Oct 3, 2017
Closed on
Nov 1, 2017
Sold by
Klotz Richard D and Klotz Jeanne
Bought by
Tw2 Properties Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.82%

Purchase Details

Closed on
Mar 10, 2006
Sold by
Klotz Richard D and Klotz Jeanne
Bought by
Klotz Richard D and Klotz Jeanne

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
6.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nielsen Chad $800,000 Stewart Title & Trust Of Phoen
Tw2 Properties Llc $265,000 Security Title Agency Inc
Klotz Richard D -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielsen Chad $592,500
Previous Owner Tw2 Properties Llc $5,321,250
Previous Owner Tw2 Properties Llc $3,559,500
Previous Owner Klotz Richard D $184,800
Previous Owner Klotz Richard D $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2022 06/27/22 Sold $800,000 -5.9% $936 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $850,000 +220.8% $994 / Sq Ft
11/03/2017 11/03/17 Sold $265,000 -3.6% $310 / Sq Ft
10/03/2017 10/03/17 For Sale $275,000 -- $322 / 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 $1,459 $14,863 -- --
2024 $1,471 $14,155 -- --
2023 $1,471 $52,960 $10,590 $42,370
2022 $1,374 $37,470 $7,490 $29,980
2021 $1,397 $29,820 $5,960 $23,860
2020 $1,378 $26,330 $5,260 $21,070
2019 $1,285 $20,870 $4,170 $16,700
2018 $1,232 $19,010 $3,800 $15,210
2017 $1,194 $18,630 $3,720 $14,910
2016 $1,172 $18,000 $3,600 $14,400
2015 $1,103 $15,380 $3,070 $12,310
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    2 in this area

    23 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Melissa Pimentel

    Call Realty, Inc.

    (480) 988-7100

    6 in this area

    49 Total Sales

    Section Image
  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    88 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Jennifer Utter

    HomeSmart

    (480) 710-8486

    2 in this area

    9 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6394426

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-021L

Arizona Maricopa County Mesa 85204 Reed Park

326 S Doran, Mesa, AZ

This home is located at 326 S Doran, Mesa, AZ 85204 since 05 May 2022 and is currently priced at $770,340, approximately $900 per square foot. This property was built in 1979. 326 S Doran is a home located in Maricopa County with nearby schools including Longfellow Elementary School, 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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