NOT LISTED FOR SALE

407 N Hill Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $754,000 - $839,000

-- Bed
-- Bath
3,648 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 13, 2018

Last sale price $300,000 $82 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $4,419/month

4 Days on Market

About This Home

As of June 2018

Great opportunity to own a 4-Plex Multi Family Unit! This property is well maintained, all units occupied, all individually metered for utilities, call us today!

Last Agent to Sell the Property

Stacey Crewse

Diamond King Realty License #BR668308000 Listed on: 05/07/2018

Co-Listed By

Jessica Sparks

Russ Lyon Sotheby's International Realty License #SA656962000

Last Buyer's Agent

Jennifer Utter

HomeSmart License #SA647096000

HomeSmart

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,590

Year Built

1963

Lot Details

0

Listing Details

  • Cross Street: University & Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2017
  • Directions: North east corner of University Drive and Hill.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: amar001
  • Co List Office Phone: 480-405-6767
  • Subdivision Name: KO KO PALMS
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stone, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • 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
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8784
  • Additional Parcels: No
  • Parcel #: 137-37-018-A

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Electricity, Water, Cable TV
  • Number Of Units Total: 4
  • Maintenance Expense: 2400.0
  • Annual Operating Expense: 4484.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1364.0
  • Tax Book Number: 137.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 7, 2018
Sold by
425 N Hill Llc
Bought by
Tw2 Properties Llc
Seller's Agent
Stacey Crewse
Diamond King Realty
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$309,900
Sold Price
$300,000
Premium/Discount to List
-$9,900
-3.19%
Current Estimated Value
$776,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,000
Avg. Annual Appreciation
14.15%
Original Mortgage
$2,240,000
Outstanding Balance
$1,957,423
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$1,184,423

Purchase Details

Listed on
Apr 23, 2012
Closed on
Oct 12, 2012
Sold by
Carmichael Meredith
Bought by
Carmichael Lonny D
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$115,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2012
Closed on
Sep 24, 2012
Sold by
Ellis Daniel
Bought by
Carmichael Lonny D
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2010
Sold by
3646Az Llc
Bought by
Ellis Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2010
Sold by
Ellis Katherine
Bought by
Ellis Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Terra Funding Llc
Bought by
3646Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 3, 2009
Sold by
Flores Jeffrey R
Bought by
Terra Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 30, 2009
Sold by
Renaud Adolf
Bought by
Renaud Az Realty Llc

Purchase Details

Closed on
Feb 26, 2008
Sold by
Flores Jeffrey R
Bought by
Jkm Trading Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2008
Sold by
Jkm Trading Inc
Bought by
Renaud Adolf

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2007
Sold by
Us Bank Na
Bought by
Flores Jeffrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W
Bought by
U S Bank Na and Credit Suisse First Boston Csfb Armt 200

Purchase Details

Closed on
Aug 15, 2006
Sold by
Fletcher Richard W
Bought by
Johnson Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,326
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2005
Sold by
Rappaport Richard A and Rappaport Helen S
Bought by
Jkm Trading Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.97%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 29, 2005
Sold by
Fletcher Jane Ellen
Bought by
Fletcher Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.97%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 28, 2005
Sold by
Jkm Trading Corp
Bought by
Fletcher Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.97%
Mortgage Type
Stand Alone Second
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
Tw2 Properties Llc $1,475,000 Security Title Agency Inc
Carmichael Lonny D -- Clear Title Agency Of Arizon
Carmichael Lonny D $170,000 Clear Title Agency Of Arizon
Ellis Daniel $165,000 The Talon Group Baseline
Ellis Daniel -- The Talon Group Baseline
3646Az Llc $90,000 Chicago Title
Terra Funding Llc $70,000 Great American Title Agency
Renaud Az Realty Llc -- Landamerica Title Agency Inc
Jkm Trading Inc -- Capital Title Agency Inc
Renaud Adolf $370,000 Capital Title Agency Inc
Flores Jeffrey R -- Capital Title Agency Inc
Flores Jeffrey R -- Capital Title Agency Inc
U S Bank Na $340,406 None Available
Johnson Erik $382,326 Tsa Title Agency
Jkm Trading Corp $390,000 Capital Title Agency Inc
Fletcher Richard W -- Capital Title Agency Inc
Fletcher Richard W $425,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tw2 Properties Llc $2,240,000
Previous Owner Carmichael Lonny D $115,500
Previous Owner Ellis Daniel $115,500
Previous Owner 3646 Az Llc $60,000
Previous Owner 3646Az Llc $60,500
Previous Owner Jkm Trading Inc $76,000
Previous Owner Renaud Adolf $220,000
Previous Owner Flores Jeffrey R $1,600,000
Previous Owner Johnson Erik $382,326
Previous Owner Fletcher Richard W $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2018 06/13/18 Sold $300,000 -3.2% $82 / Sq Ft
05/25/2018 05/25/18 For Sale $309,900 0.0% $85 / Sq Ft
05/25/2018 05/25/18 Price Changed $309,900 0.0% $85 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $309,900 +82.3% $85 / Sq Ft
10/16/2012 10/16/12 Sold $170,000 -8.1% $186 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $185,000 -- $203 / 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 $1,590 $16,199 -- --
2024 $1,603 $15,427 -- --
2023 $1,603 $54,360 $10,870 $43,490
2022 $1,570 $40,950 $8,190 $32,760
2021 $1,589 $32,960 $6,590 $26,370
2020 $1,568 $29,230 $5,840 $23,390
2019 $1,465 $19,350 $3,870 $15,480
2018 $1,406 $16,730 $3,340 $13,390
2017 $1,364 $15,550 $3,110 $12,440
2016 $1,339 $14,650 $2,930 $11,720
2015 $1,259 $15,980 $3,190 $12,790
Source: Public Records

Agents Affiliated with this Home

  • Stacey Crewse

    Seller's Agent in 2018

    Stacey Crewse

    Diamond King Realty

    (480) 544-0477

    22 Total Sales

    Section Image
  • Jessica Sparks

    Seller Co-Listing Agent in 2018

    Jessica Sparks

    Russ Lyon Sotheby's International Realty

    (602) 999-9764

    72 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    Jennifer Utter

    HomeSmart

    (480) 710-8486

    2 in this area

    9 Total Sales

    Section Image
  • Jason Bingham

    Seller's Agent in 2012

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    25 Total Sales

    Section Image

  • A

    Buyer's Agent in 2012

    Arthur Hall

    Amaryllis Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5762761

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-018A

Arizona Maricopa County Mesa 85203 Mesa Patios

407 N Hill, Mesa, AZ

This home is located at 407 N Hill, Mesa, AZ 85203 since 07 May 2018 and is currently estimated at $784,667, approximately $215 per square foot. This property was built in 1963. 407 N Hill is a home located in Maricopa County with nearby schools including Michael T. Hughes 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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