NOT LISTED FOR SALE

38 W Southern Ave Unit 3 Mesa, AZ 85210

Woodbridge Crossing Neighborhood

Estimated Value: $487,000 - $675,000

3 Beds
-- Bath
-- Sq Ft
6,839 Sq Ft Lot

Last Sold November 30, 2023

Last sale price $500,000

Est. 10% increase in value since last sale

Current estimated payment $2,987/month

76 Days on Market

Highlights

  • 5 Car Attached Garage
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of November 2023

Great investment opportunity. Three units that are all two bedroom one bath. Also three outside storage closets and laundry. Rental rates in the area are around $1200. Actual rents $900 each. All leases expire on Oct 31,2023. Roof is about 15 years old, Ac's about the same age except for one that was replaced last year. All Units have had the same tenants for almost 20 years.
Please do not disturb or talk with the tenants.
We have an FHA appraisal for 515,000.

Last Agent to Sell the Property

Karen Ballantyne

HomeSmart License #BR543458000 Listed on: 08/11/2023

Last Buyer's Agent

Karen Ballantyne

HomeSmart License #BR543458000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $755

Year Built

  • Built in 1976

Lot Details

  • 6,839

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 5 Car Attached Garage
  • 2 Open Parking Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 49
  • Assessor Parcel Number 139-45-074-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 68X118
  • Beall Park 2 Subdivision

Building Details

  • Operating Expense $2,555
  • Gross Income $31,428
  • Net Operating Income $29,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$755

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: Southern and Country Club
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2022
  • Directions: From Country Club Dr and Southern Drive West on Southern approximately 1/2 mile, Turn left on McDonald and right into parking area. and property will be down on your right.
  • Road Surface Type: Asphalt
  • Subdivision Name: BEALL PARK 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Attached, >1 Space Per Unit, Common
  • Attached Garage: Yes
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 68X118
  • Additional Parcels: No
  • Parcel #: 139-45-074-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 31428.0
  • Property Net Operating Income: 29400.0
  • Annual Operating Expense: 2555.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 755.0
  • Tax Book Number: 139.00
  • Tax Lot: 49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Dec 1, 2023
Sold by
Nguyen Bui Living Trust
Bought by
Terrazas Rosalio Tarin
Seller's Agent
Karen Ballantyne
HomeSmart
Buyer's Agent
Karen Ballantyne
HomeSmart
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
22
Current Estimated Value
$551,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,271
Avg. Annual Appreciation
3.55%
Original Mortgage
$373,125
Outstanding Balance
$368,596
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$164,573

Purchase Details

Closed on
Aug 10, 2016
Sold by
Bui Nguyen
Bought by
Bui Nguyen and Nguyen Bui Living Trust

Purchase Details

Closed on
Jun 2, 2015
Sold by
Southern Triplex Properties Llc
Bought by
Bui Nguyen

Purchase Details

Closed on
Mar 10, 2006
Sold by
Southern Triplex Properties Llc
Bought by
Layton Brian and Layton Clay C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 6, 2006
Sold by
Layton Brian and Layton Clay C
Bought by
Southern Triplex Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 21, 2004
Sold by
Layton Brian and Layton Clay C
Bought by
Southern Triplex Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 11, 2003
Sold by
Layton Barbara
Bought by
Clayton Clay C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.88%
Mortgage Type
Unknown

Purchase Details

Closed on
May 28, 2003
Sold by
Casper Oneta
Bought by
Layton Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
5.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 13, 2001
Sold by
Power Of Two Llc
Bought by
Casper Oneta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 1998
Sold by
Layton Barbara A
Bought by
Layton Clay C

Purchase Details

Closed on
Nov 12, 1997
Sold by
Hansen Albert N and Hansen Christine J
Bought by
Power Of Two Llc

Purchase Details

Closed on
Mar 17, 1997
Sold by
Royster Charles E and Royster Beverley F
Bought by
Hansen Albert N and Hansen Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
7.86%
Mortgage Type
Seller Take Back
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
Terrazas Rosalio Tarin $500,000 Pioneer Title Services
Bui Nguyen -- None Available
Bui Nguyen $151,500 First American Title Ins Co
Layton Brian -- None Available
Southern Triplex Properties Llc -- None Available
Layton Brian -- None Available
Southern Triplex Properties Llc -- --
Clayton Clay C -- Lawyers Title Insurance Corp
Layton Brian -- Lawyers Title Insurance Corp
Layton Brian $118,500 Lawyers Title Of Arizona Inc
Casper Oneta $120,000 Chicago Title Insurance Co
Layton Clay C -- None Available
Power Of Two Llc $65,000 Chicago Title Insurance Co
Hansen Albert N $65,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terrazas Rosalio Tarin $373,125
Previous Owner Layton Brian $106,500
Previous Owner Casper Oneta $96,000
Previous Owner Hansen Albert N $7,500
Closed Casper Oneta $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $500,000 -2.0% --
10/11/2023 10/11/23 Price Changed $510,000 -1.0% --
09/24/2023 09/24/23 Price Changed $515,000 +1.0% --
08/16/2023 08/16/23 Price Changed $510,000 -7.3% --
08/11/2023 08/11/23 For Sale $550,000 -- --
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 $765 $7,790 -- --
2024 $771 $7,419 -- --
2023 $771 $32,130 $6,420 $25,710
2022 $755 $20,460 $4,090 $16,370
2021 $764 $18,180 $3,630 $14,550
2020 $754 $16,650 $3,330 $13,320
2019 $705 $13,410 $2,680 $10,730
2018 $676 $12,030 $2,400 $9,630
2017 $656 $11,370 $2,270 $9,100
2016 $644 $10,410 $2,080 $8,330
2015 $605 $9,350 $1,870 $7,480
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Karen Ballantyne

    HomeSmart

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6591287

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-45-074A

Arizona Maricopa County Mesa 85210 Woodbridge Crossing

38 W Southern Ave Unit 3, Mesa, AZ

This home is located at 38 W Southern Ave Unit 3, Mesa, AZ 85210 since 11 August 2023 and is currently estimated at $551,271. This property was built in 1976. 38 W Southern Ave Unit 3 is a home located in Maricopa County with nearby schools including Lincoln 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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