NOT LISTED FOR SALE

Estimated Value: $450,000 - $637,000

4 Beds
-- Baths
2,304 Sq Ft
$248/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2021

Last sale price $550,000 $239 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,210 / mo

33 Days on Market

Highlights

  • Patio
  • Outdoor Storage
  • Partially Fenced Property
  • Franklin Accelerated Academy-Brimhall Campus Rated A
  • Central Air
  • Desert Landscape

About This Home

As of July 2021

Saguaro East Apartments is in the heart of Mesa. This property has all been remolded and has a newer roof. All have private yards and is on septic. Current rents are at 850-to 950. Market rents are 1000-1050. Newer construction and no HOA. Drive by only tenants are unaware sale. No showings with out accepted offer. All facts and figures are approximate buyer verify MLS.

Last Agent to Sell the Property

Sophia Willets

Grace CRE License #BR648866000 Listed on: 04/09/2021

Co-Listed By

Michael Gordon

Get Multifamily License #BR688636000

Last Buyer's Agent

Dale Eames

Professional Real Estate Negotiators License #BR563643000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $736

Year Built

  • Built in 1985

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • Free Parking
  • 6 Open Parking Spaces

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Not Available
  • Private Water Source
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 7
  • Assessor Parcel Number 220-25-014

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Saguaro East Subdivision

Building Details

  • Operating Expense $11,636
  • Gross Income $45,600
  • Net Operating Income $33,964

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$736

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: University & Ellsworth
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: SAGUARO EAST
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Special:Special: Unincorporated Area
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Refrigerator
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping, Partially Fenced, Cable TV Available, Patio/Balcony, Separate Storage

Garage/Parking

  • Parking Features: Open
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • Parking Features:Parking Features: Free

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 220-25-014

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.0
  • Insurance Expense: 1600.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 33964.0
  • Annual Operating Expense: 11636.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 736.0
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
Jun 14, 2021
Sold by
Cutting Edge Investing Llc
Bought by
Seller's Agent
Sophia Willets
Grace CRE
Buyer's Agent
Dale Eames
Professional Real Estate Negotiators
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$570,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,380
Avg. Annual Appreciation
0.73%
Original Mortgage
$540,038
Outstanding Balance
$479,248
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$91,717

Purchase Details

Closed on
Dec 3, 2019
Sold by
Best Steve
Bought by
Cutting Edge Investing Llc

Purchase Details

Listed on
Aug 11, 2014
Closed on
Aug 29, 2014
Sold by
Keenan Sharla
Bought by
Best Steve
Seller's Agent
Michael Ray Taggart
Realty ONE Group
Buyer's Agent
Jason Roberts
DeLex Realty
List Price
$119,000
Sold Price
$127,000
Premium/Discount to List
$8,000
6.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$95,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 11, 2014
Closed on
Aug 27, 2014
Sold by
Roberson Jean M
Bought by
Best Steve
Seller's Agent
Michael Ray Taggart
Realty ONE Group
Buyer's Agent
Jason Roberts
DeLex Realty
List Price
$119,000
Sold Price
$127,000
Premium/Discount to List
$8,000
6.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2001
Sold by
Roberson Jean M
Bought by
Roberson Jerry and Roberson Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
7.09%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 First Arizona Title Agency
Cutting Edge Investing Llc -- None Available
Cutting Edge Investing Llc -- None Available
Best Steve -- Security Title Agency
Best Steve $127,000 Security Title Agency
Roberson Jerry -- Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $540,038
Previous Owner Best Steve $95,000
Previous Owner Roberson Jerry $120,000
Previous Owner Roberson Jerry $82,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2021 07/07/21 Sold $550,000 0.0% $239 / Sq Ft
06/29/2021 06/29/21 For Sale $550,000 0.0% $239 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/05/2021 05/05/21 Price Changed $550,000 -8.3% $239 / Sq Ft
04/09/2021 04/09/21 For Sale $600,000 +372.4% $260 / Sq Ft
09/02/2014 09/02/14 Sold $127,000 +6.7% $55 / Sq Ft View Prior Sale
08/14/2014 08/14/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $119,000 -- $52 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $753 $8,355
2024 $762 $7,957
2023 $762 $33,530 $6,700 $26,830
2022 $744 $24,380 $4,870 $19,510
2021 $742 $21,050 $4,210 $16,840
2020 $736 $17,800 $3,560 $14,240
2019 $682 $17,460 $3,490 $13,970
2018 $665 $14,570 $2,910 $11,660
2017 $642 $12,480 $2,490 $9,990
2016 $628 $11,670 $2,330 $9,340
2015 $587 $11,830 $2,360 $9,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6220481

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-25-014

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