Seller's Agent in 2020
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
(480) 649-3536
35 Total Sales
4004 E Mckellips Rd Mesa, AZ 85215
Citrus NeighborhoodEstimated Value: $390,000 - $1,593,223
Studio
13
Baths
6,757
Sq Ft
$143/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Evaporated cooling system
- Heating Available
- Ishikawa Elementary School Rated A-
- Community Barbecue Grill
About This Home
As of September 2020Incredible opportunity to purchase an historic homestead that has been converted into cash flowing apartments. Nestled into its own beautiful park like setting are 13 units in six buildings. This property has a mix of studio, one, and two bedroom units. Situated near Falcon Field and adjacent to the exclusive Valencia Estates sub-division and working orange groves, this property offers the savvy investor an apartment rental property with no other apartments close by. The incomparable setting of huge mature trees (including citrus,fig and pecan) shades the property and keeps it cool and inviting. Close to shopping, Loop 202, US 60, jobs and great Mesa schools;this property is attractive to prospective tenants. Additional income from on-site laundry.. Nearly 1/2 of units have been remodeled
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR573483000 Listed on: 09/22/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,579
Year Built
- Built in 1926
Lot Details
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
- Built-Up Roof
- Block Exterior
- Siding
- Stucco
- Adobe
Flooring
- Wood
- Carpet
- Ceramic Tile
Parking
- 17 Open Parking Spaces
- 17 Parking Spaces
- Free Parking
- Paved Parking
Utilities
- Evaporated cooling system
- Cooling System Mounted To A Wall/Window
- Heating Available
- Septic Tank
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, landscaping
- Assessor Parcel Number 141-28-020
Community Details
Overview
- 6 Buildings
- 13 Units
- Building Dimensions are IRR
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $37,403
- Gross Income $258,584
- Net Operating Income $90,666
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2012
Closed on
Sep 12, 2012
Sold by
Lionheart Llc
Bought by
Scannell Sean
Seller's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Charles Duck
Blackwing Real Estate
List Price
$600,000
Sold Price
$575,000
Premium/Discount to List
-$25,000
-4.17%
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
$455,691
Avg. Annual Appreciation
3.95%
Purchase Details
Closed on
Dec 12, 1997
Sold by
Hughes Michael T and Hughes Mary Margaret
Bought by
Lionheart Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Scannell Sean | $575,000 | American Title Service Agenc | |
| Lionheart Llc | $210,000 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lionheart Llc | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/22/2020 09/22/20 | Sold | $1,300,000 | -6.8% | $192 / Sq Ft | |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- | |
| 09/22/2020 09/22/20 | For Sale | $1,395,000 | +142.6% | $206 / Sq Ft | |
| 09/13/2012 09/13/12 | Sold | $575,000 | -4.2% | $85 / Sq Ft | View Prior Sale |
| 07/26/2012 07/26/12 | Pending | -- | -- | -- | |
| 05/22/2012 05/22/12 | For Sale | $600,000 | -- | $89 / 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 | $2,327 | $21,089 | -- | -- |
| 2024 | $2,333 | $20,084 | -- | -- |
| 2023 | $2,333 | $86,920 | $17,380 | $69,540 |
| 2022 | $2,290 | $60,410 | $12,080 | $48,330 |
| 2021 | $2,274 | $50,220 | $10,040 | $40,180 |
| 2020 | $2,239 | $44,070 | $8,810 | $35,260 |
| 2019 | $2,105 | $38,570 | $7,710 | $30,860 |
| 2018 | $2,010 | $31,570 | $6,310 | $25,260 |
| 2017 | $1,956 | $26,570 | $5,310 | $21,260 |
| 2016 | $1,909 | $24,680 | $4,930 | $19,750 |
| 2015 | $1,789 | $21,680 | $4,330 | $17,350 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Bartlowe
-
Craig Langley
Buyer's Agent in 2020
Craig Langley
Valley Executives Real Estate
(602) 980-6112
4 Total Sales
-
C
Buyer's Agent in 2012
Charles Duck
Blackwing Real Estate
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6135727
APN: 141-28-020
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
Nearby Homes
- 4010 E Leland St
- 3819 E Ivyglen St
- 3950 E Mclellan Rd Unit 3
- 2440 N Maple
- 4064 E Hale Cir
- 4042 E Hope St
- 3751 E Minton Place
- 3816 E Minton Place
- 3540 E Menlo Cir
- 3305 E Kenwood St
- 3640 E Mallory Cir Unit 3
- 3831 E Huber St
- 2251 N 32nd St Unit 27
- 1244 N Norfolk Cir
- 2812 N Norwalk Unit 111
- 6446 E Omega Cir
- 6460 E Omega Cir
- 6462 E Oasis Cir
- 6454 E Oasis Cir
- 3753 E Fairbrook St
- 4004 E Mckellips Rd Unit 6-102
- 4004 E Mckellips Rd Unit 1-103
- 4004 E Mckellips Rd Unit 5-201
- 4004 E Mckellips Rd Unit 1-101
- 3949 E Knoll Cir Unit 18
- 3939 E Knoll Cir
- 2065 N Maple
- 3937 E Knoll Cir
- 3938 E Knoll Cir
- 1962 N Stevens Cir
- 2053 N Maple
- 1937 N Stevens Cir
- 2113 N Maple
- 2032 N Maple
- 441 E Maple Unit 105
- 441 E Maple Unit 78
- 129 E Maple
- 2048 N Maple
- 1957 N 39th St
- 2129 N Maple