NOT LISTED FOR SALE

405 N Loma Vista Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $597,692 - $874,000

-- Bed
8 Baths
1,900 Sq Ft
$381/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $365,000 $192 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,993/month

78 Days on Market

About This Home

As of September 2018

Great upside potential with this gem. It needs some work and the sellers don't have the ability to do it.This price reflects repairs needed.This property has been owner managed for Several years and is way under market rent. One vacant unit has new paint, carpet and kitchen flooring. The three other units are all MTM tenants averaging around $600.00 month.Lots of room to raise rents on this one. Buyer or buyers agent to verify all information to their satisfaction.Owner wants a Cash buyer.

Last Agent to Sell the Property

Robert Towne

Better Homes & Gardens Real Estate SJ Fowler License #SA528694000 Listed on: 05/09/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Victoria Yang

Sweet Dream Homes Realty License #BR650899000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,719

Year Built

  • Built in 1984

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 33
  • Assessor Parcel Number 140-11-394

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $6,419
  • Net Operating Income $20,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,719

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: University & Gilbert
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Rm3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2017
  • Directions: Lindsay and University
  • Road Surface Type: Concrete
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2500.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 140-11-394

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 600.0
  • Property Net Operating Income: 20950.0
  • Annual Operating Expense: 6419.0
  • Vacancy Allowance Rate: 3.0

Tax Info

  • Tax Annual Amount: 1719.0
  • Tax Book Number: 140.00
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Aug 23, 2018
Sold by
Moul Dale S and Moul Kristine A
Bought by
Zhong Zhijian
Seller's Agent
Robert Towne
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$365,000
Sold Price
$365,000
Current Estimated Value
$724,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,423
Avg. Annual Appreciation
10.45%
Original Mortgage
$255,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2018
Closed on
Aug 13, 2018
Sold by
Zhuang Hong
Bought by
Zhong Zhijian
Seller's Agent
Robert Towne
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$365,000
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2007
Sold by
Mackey One Llc
Bought by
Moul Dale S and Moul Kristine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2005
Sold by
Moul Dale S and Moul Kristine A
Bought by
Mackey One Llc

Purchase Details

Closed on
Jun 10, 2005
Sold by
Loma Holdings Llc
Bought by
Moul Dale S and Moul Kristine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 20, 2004
Sold by
Small James and Small Audra
Bought by
Loma Holdings Llc

Purchase Details

Closed on
Jan 15, 2004
Sold by
Ishak Vivian
Bought by
Small James and Small Audra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2001
Sold by
Ishak Nadhir
Bought by
Ishak Vivian David

Purchase Details

Closed on
Sep 4, 2001
Sold by
Teply Donald W and Teply Elaine M
Bought by
Ishak Vivian

Purchase Details

Closed on
Mar 20, 1996
Sold by
Halback Christopher W
Bought by
Teply Donald W and Teply Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
7.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 1995
Sold by
Halbach Phyllis E
Bought by
Halbach Christopher W

Purchase Details

Closed on
Dec 12, 1994
Sold by
Dutton Allen A and Dutton Mary Ann
Bought by
Halbach Phyllis E
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
Zhong Zhijian $365,000 Driggs Title Agency Inc
Zhong Zhijian -- Driggs Title Agency Inc
Moul Dale S -- Capital Title Agency Inc
Mackey One Llc -- --
Moul Dale S $378,000 Fidelity National Title
Loma Holdings Llc $236,585 Fidelity National Title
Small James $229,000 Fidelity National Title
Ishak Vivian David -- Fidelity National Title
Ishak Vivian $200,000 Fidelity National Title
Teply Donald W $158,000 Transnation Title Ins Co
Halbach Christopher W -- --
Halbach Phyllis E $134,000 First American Title
Halbach Phyllis E $134,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhong Zhijian $255,500
Previous Owner Moul Dale S $312,000
Previous Owner Moul Dale S $302,400
Previous Owner Small James $183,200
Previous Owner Teply Donald W $6,000
Closed Small James $22,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2018 09/10/18 Sold $365,000 0.0% $192 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $365,000 0.0% $192 / Sq Ft
07/23/2018 07/23/18 Price Changed $365,000 0.0% $192 / Sq Ft
05/23/2018 05/23/18 Off Market $365,000 -- --
05/08/2018 05/08/18 For Sale $389,000 -- $205 / 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 $2,004 $20,413 -- --
2024 $2,020 $19,441 -- --
2023 $2,020 $56,820 $11,360 $45,460
2022 $1,978 $42,970 $8,590 $34,380
2021 $2,002 $34,760 $6,950 $27,810
2020 $1,976 $32,630 $6,520 $26,110
2019 $1,847 $23,410 $4,680 $18,730
2018 $1,772 $20,950 $4,190 $16,760
2017 $1,719 $17,700 $3,540 $14,160
2016 $1,687 $17,870 $3,570 $14,300
2015 $1,586 $16,970 $3,390 $13,580
Source: Public Records

Agents Affiliated with this Home

  • Robert Towne

    Seller's Agent in 2018

    Robert Towne

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 570-8605

    13 Total Sales

    Robert Towne
    Section Image

  • V

    Buyer's Agent in 2018

    Victoria Yang

    Sweet Dream Homes Realty

    (480) 335-8298

    8 Total Sales

    Victoria Yang
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5763392

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-394

Arizona Maricopa County Mesa 85213 The Groves

405 N Loma Vista, Mesa, AZ

This home is located at 405 N Loma Vista, Mesa, AZ 85213 since 09 May 2018 and is currently estimated at $724,423, approximately $381 per square foot. This property was built in 1984. 405 N Loma Vista is a home located in Maricopa County with nearby schools including Highland 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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