K
Seller's Agent in 2023
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
(602) 264-8400
2 in this area
8 Total Sales
38 N Santa Barbara Mesa, AZ 85201
West Main NeighborhoodEstimated Value: $586,000 - $3,012,605
12
Beds
--
Bath
3,544
Sq Ft
$355/Sq Ft
Est. Value
Highlights
- Cooling Available
- Carpet
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of December 2023This fully remodeled 12 unit complex, located along the central corridor of Main St. in Mesa, is being offered as a fantastic turnkey investment opportunity. Built in 1985, the unit mix consists of twelve 2 bed/1 bath units which are nearly 900sqft in size. The extensive professional renovations were completed in late 2021. Just some of the interior upgrades include: fresh paint; new shaker kitchen cabinets; new kitchen countertops; new plank flooring; new stainless-steel appliances; and new in-suite washer/dryers.
Exterior amenities consist of: fresh paint; several main level units with walk-out private yards; an abundance of off-street private parking; and upgraded low cost/maintenance desert landscaping. The roofs on all 3 buildings were replaced in Dec-2019.
Demand is high for these units as they are located near the highly sought-after Valley Metro Light Rail Line as well as within close proximity of the 101 freeway and ASU. The nearby employment base is vast which consists of large & small employers. The district serves its residents well by providing an abundance of choices related to shopping, dining, entertainment, schools and hospitals.
As such, this investment offers a hassle-free investment opportunity as it is stabilized, fully renovated and has a strong revenue stream right at acquisition. All 3 fourplexes are side-by-side with each having their own parcel numbers. Therefore, this package offering is conducive to either Commercial or Residential Financing.
Furthermore, this complex is located within a City of Mesa "Opportunity Zone" which continues to attract more investors in substantially improving existing properties within the district. Large new developments have also been completed with others in the pipeline. More information on the "Opportunity Zone" can be found at: www.selectmesa.com/business-environment/incentives-programs/opportunity-zones
Buyer to verify all facts and figures. Drive by only...please do not disturb residents.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #SA524907000 Listed on: 02/24/2023
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,628
Year Built
- Built in 1985
Lot Details
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 18 Open Parking Spaces
- 18 Parking Spaces
- Free Parking
- Paved Parking
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 66
- Assessor Parcel Number 135-47-068
Community Details
Overview
- 3 Buildings
- 12 Units
- Building Dimensions are 1/2 Acre (Rectangular)
- San Clemente Subdivision
Building Details
- Operating Expense $49,161
- Gross Income $212,253
- Net Operating Income $162,271
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2023
Closed on
Dec 8, 2023
Sold by
Acg-Sb Lllp
Bought by
Silvia Cardona Living Trust and Cardona
Seller's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,985,000
Sold Price
$2,800,000
Premium/Discount to List
-$185,000
-6.2%
Views
293
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,542,599
Avg. Annual Appreciation
-31.21%
Original Mortgage
$1,350,000
Outstanding Balance
$1,325,539
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
-$68,138
Purchase Details
Listed on
Feb 24, 2023
Closed on
Dec 5, 2023
Sold by
Acg-Sb Lllp
Bought by
Silvia Cardona Living Trust and Cardona
Seller's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,985,000
Sold Price
$2,800,000
Premium/Discount to List
-$185,000
-6.2%
Views
293
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,325,539
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
-$68,138
Purchase Details
Closed on
Oct 27, 2020
Sold by
Craig W Jacober W and Craig Leora S
Bought by
Acg-Sb Lllp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Oct 12, 2016
Closed on
Dec 21, 2016
Sold by
White Scott A
Bought by
Jacober Craig W and Jacober Leora S
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Timothy Redelsperger
Long Realty Uptown
List Price
$279,000
Sold Price
$261,000
Premium/Discount to List
-$18,000
-6.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.86%
Original Mortgage
$195,750
Interest Rate
4.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 9, 2006
Sold by
White Scott and White Linda
Bought by
Banner Properties Llc
Purchase Details
Closed on
Nov 7, 2005
Sold by
Arroyo Bernard and Arroyo Jennifer
Bought by
White Scott and White Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,750
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 28, 2004
Sold by
Poor Kelly
Bought by
Arroyo Bernard and Arroyo Jenny
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
7.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 2003
Sold by
Miles Theodore J and Miles Darlene A
Bought by
Poor Kelly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,900
Interest Rate
5.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 26, 1998
Sold by
Clarke Ronald C and Clarke Nancy A
Bought by
Miles Theodore J and Miles Darlene A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.18%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Silvia Cardona Living Trust | $2,800,000 | American Title Service Agency | |
| Silvia Cardona Living Trust | $2,800,000 | American Title Service Agency | |
| Acg-Sb Lllp | $1,236,000 | American Title Company | |
| Jacober Craig W | $261,000 | Chicago Title Agency Inc | |
| White Scott A | -- | Chicago Title Agency Inc | |
| Banner Properties Llc | -- | None Available | |
| White Scott | $335,000 | Capital Title Agency Inc | |
| Arroyo Bernard | $250,000 | Lawyers Title Ins | |
| Poor Kelly | $214,900 | First American Title Ins Co | |
| Miles Theodore J | $140,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Silvia Cardona Living Trust | $1,350,000 | |
| Closed | Silvia Cardona Living Trust | $1,350,000 | |
| Previous Owner | Acg-Sb Lllp | $1,100,000 | |
| Previous Owner | White Scott A | $195,750 | |
| Previous Owner | White Scott | $217,750 | |
| Previous Owner | Arroyo Bernard | $200,000 | |
| Previous Owner | Poor Kelly | $171,900 | |
| Previous Owner | Miles Theodore J | $126,000 | |
| Closed | Arroyo Bernard | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2023 12/08/23 | Sold | $2,800,000 | -6.2% | $790 / Sq Ft | |
| 12/02/2023 12/02/23 | Price Changed | $2,985,000 | 0.0% | $842 / Sq Ft | |
| 12/02/2023 12/02/23 | For Sale | $2,985,000 | 0.0% | $842 / Sq Ft | |
| 11/16/2023 11/16/23 | Price Changed | $2,985,000 | 0.0% | $842 / Sq Ft | |
| 11/16/2023 11/16/23 | For Sale | $2,985,000 | 0.0% | $842 / Sq Ft | |
| 08/18/2023 08/18/23 | Pending | -- | -- | -- | |
| 08/15/2023 08/15/23 | Pending | -- | -- | -- | |
| 02/24/2023 02/24/23 | For Sale | $2,985,000 | +1043.7% | $842 / Sq Ft | |
| 12/23/2016 12/23/16 | Sold | $261,000 | -6.5% | $74 / Sq Ft | View Prior Sale |
| 10/12/2016 10/12/16 | For Sale | $279,000 | -- | $79 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,657 | $16,801 | -- | -- |
| 2024 | $1,663 | $16,001 | -- | -- |
| 2023 | $1,663 | $51,970 | $10,390 | $41,580 |
| 2022 | $1,628 | $34,350 | $6,870 | $27,480 |
| 2021 | $1,648 | $31,560 | $6,310 | $25,250 |
| 2020 | $1,627 | $28,370 | $5,670 | $22,700 |
| 2019 | $1,520 | $22,630 | $4,520 | $18,110 |
| 2018 | $1,459 | $20,100 | $4,020 | $16,080 |
| 2017 | $1,415 | $15,500 | $3,100 | $12,400 |
| 2016 | $1,389 | $14,710 | $2,940 | $11,770 |
| 2015 | $1,305 | $15,560 | $3,110 | $12,450 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Tasopulos
-
N
Buyer's Agent in 2023
Non-MLS Agent
Non-MLS Office
-
L
Seller's Agent in 2016
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
Timothy Redelsperger
T
Buyer's Agent in 2016
Timothy Redelsperger
Long Realty Uptown
(602) 899-4640
18 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6524301
APN: 135-47-068
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.
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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