NOT LISTED FOR SALE

Estimated Value: $523,000 - $592,000

-- Bed
-- Bath
2,822 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $290,000 $103 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,069/month

14 Days on Market

Highlights

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

About This Home

As of August 2019

GREAT INVESTMENT OPPORTUNITY IN MESA. ***DRIVE BY ONLY*** PLEASE DO NOT DISTURB TENANTS! VIEWING AFTER ACCEPTED CONTRACT. NICE 4-PLEX, 2BEDS, 1BATH IN EACH UNIT, CLOSE TO FREEWAYS 202 AND 60, SHOPPING AND SCHOOLS. OWNER PAYS FOR WATER AND TRASH. BUYER AND BUYERS AGENT TO VERIFY ALL FACTS, FIGURES AND MEASUREMENTS.

Last Agent to Sell the Property

Dolores Zarate

YAY Realty License #SA558571000 Listed on: 06/16/2019

Co-Listed By

Ana Benavides

YAY Realty License #BR111528000

Last Buyer's Agent

Damian Godoy

My Home Group Real Estate License #BR623758000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $752

Year Built

  • Built in 1985

Lot Details

  • 8,668

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • On-Street Parking

Schools

  • Taft Elementary School
  • Fremont Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 220-25-015

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8671
  • Saguaro East Lot 1 11 Tr A C Subdivision

Building Details

  • Operating Expense $6,298
  • Gross Income $24,288
  • Net Operating Income $17,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$752

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: ELLSWORTH AND UNIVERSITY
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI-FAMILY
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2018
  • Directions: EAST ON UNIVERSITY TO 93RD ST, SOUTH TO PROPERTY
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: yayr01
  • Co List Office Phone: 602-730-1118
  • Subdivision Name: SAGUARO EAST LOT 1-11 TR A-C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: 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
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 356.0
  • Annual Water Sewer Expense: 840.0

Schools

  • Elementary School: Taft Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Fremont Junior High School

Lot Info

  • Lot Size: 8671
  • Additional Parcels: No
  • Parcel #: 220-25-015

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 24288.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 17990.0
  • Annual Operating Expense: 6298.0

Tax Info

  • Tax Annual Amount: 752.0
  • Tax Book Number: 220.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2023
Sold by
Godoy Damian and Godoy Launi
Bought by
Arizona Empire Llc
Total Days on Market
14
Current Estimated Value
$550,114

Purchase Details

Closed on
Oct 26, 2020
Sold by
Lazzatti Claudio Osvaldo and Lazzatti Monica
Bought by
Godoy Damian and Godoy Launi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2019
Closed on
Jul 19, 2019
Sold by
Villalpando Jose E
Bought by
Lazzatti Claudio Osvaldo and Lazzatti Monica
Seller's Agent
Dolores Zarate
YAY Realty
Buyer's Agent
Damian Godoy
My Home Group Real Estate
List Price
$315,000
Sold Price
$290,000
Premium/Discount to List
-$25,000
-7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Original Mortgage
$232,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2004
Sold by
Villalpando Luz Maria
Bought by
Villalpando Jose E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 1999
Sold by
Lesueur Larry D and Lesueur Adele N
Bought by
Villalpando Jose E and Villalpando Luz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,194
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 15, 1996
Sold by
Lesueur Larry D and Lesueur Adele N
Bought by
Farnsworth Joseph A and Farnsworth Sharanette

Purchase Details

Closed on
Jan 8, 1996
Sold by
Parker Morris Wolfe and Parker Betty Jean
Bought by
Lesueur Larry D and Lesueur Adele N
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
Arizona Empire Llc -- None Listed On Document
Godoy Damian $390,000 Chicago Title Agency Inc
Lazzatti Claudio Osvaldo $290,000 Driggs Title Agency Inc
Villalpando Jose E -- Transnation Title
Villalpando Jose E $120,500 Lawyers Title Of Arizona Inc
Farnsworth Joseph A $40,000 --
Lesueur Larry D $79,782 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Godoy Damian $292,500
Previous Owner Lazzatti Claudio Osvaldo $232,000
Previous Owner Villalpando Jose E $171,500
Previous Owner Villalpando Jose E $120,194
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2019 08/21/19 Sold $290,000 -7.9% $103 / Sq Ft
08/20/2019 08/20/19 Price Changed $315,000 0.0% $112 / Sq Ft
08/16/2019 08/16/19 Price Changed $315,000 0.0% $112 / Sq Ft
06/29/2019 06/29/19 Pending -- -- --
06/15/2019 06/15/19 For Sale $315,000 -- $112 / 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 $850 $9,444 -- --
2024 $861 $8,994 -- --
2023 $861 $38,360 $7,670 $30,690
2022 $841 $27,870 $5,570 $22,300
2021 $838 $23,900 $4,780 $19,120
2020 $832 $20,220 $4,040 $16,180
2019 $771 $20,020 $4,000 $16,020
2018 $751 $16,750 $3,350 $13,400
2017 $725 $14,310 $2,860 $11,450
2016 $710 $13,400 $2,680 $10,720
2015 $663 $13,670 $2,730 $10,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5940634

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-25-015