NOT LISTED FOR SALE

409 E 9th Ave Mesa, AZ 85204

Woodbridge Crossing Neighborhood

Estimated Value: $712,000 - $773,041

-- Bed
4 Baths
750 Sq Ft
$989/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $770,000 $1,027 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,035/month

4 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of October 2022

Great Income property in Mesa, Az,

Last Agent to Sell the Property

Luis Espinoza

Gile Commercial Real Estate License #SA663217000 Listed on: 08/22/2022

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,901

Year Built

  • Built in 1984

Lot Details

  • 0.33

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 139-30-092

Community Details

Overview

  • 4 Units
  • Building Dimensions are 14233
  • Clarkson Manor Subdivision

Building Details

  • Operating Expense $6,401
  • Gross Income $56,160
  • Net Operating Income $56,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,901

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: rm-3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: CLARKSON MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • 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:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 4500.0

Lot Info

  • Lot Size: 14233
  • Additional Parcels: No
  • Parcel #: 139-30-092

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 56160.0
  • Property Net Operating Income: 56160.0
  • Annual Operating Expense: 6401.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1901.0
  • Tax Book Number: 139.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
Sep 29, 2022
Sold by
Meripihkaproperties Llc
Bought by
Nicolan Capital 4 Llc
Seller's Agent
Luis Espinoza
Gile Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$760,000
Sold Price
$770,000
Premium/Discount to List
$10,000
1.32%
Views
25
Current Estimated Value
$742,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,990
Avg. Annual Appreciation
-1.14%
Original Mortgage
$577,500
Outstanding Balance
$552,435
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$189,575

Purchase Details

Closed on
Jan 13, 2022
Sold by
Savolainen Kimmo Olavi and Liu Jie
Bought by
Meripihkaproperties Llc

Purchase Details

Closed on
May 6, 2021
Sold by
Meripihkaproperties Llc
Bought by
Savolainen Kimmo Olavi and Liu Jie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2020
Sold by
Savolainen Kimmo Olavi and Liu Jie
Bought by
Meripihkaproperties Llc

Purchase Details

Closed on
Jan 17, 2020
Sold by
Shankar Ravi and Shankar Roopa
Bought by
Savolainen Kimmo Olavi and Liu Jie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2006
Sold by
Shankar Ravi and Rao Roopa
Bought by
Shankar Ravi and Shankar Roopa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2004
Sold by
Sickafoose Michael and Sickafoose Sandra
Bought by
Peters Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2003
Sold by
Baehmann Edan
Bought by
Sickafoose Michael L and Sickafoose Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2003
Sold by
Country Wide Resources
Bought by
Baehmann Edan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,400
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2001
Sold by
Wustner John R and Wustner Darlene M
Bought by
Countrywide Resources

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2001
Sold by
Priority Investments Inc
Bought by
Wustner John R and Wustner Darlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.98%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nicolan Capital 4 Llc $770,000 Empire Title Company Ltd
Meripihkaproperties Llc -- New Title Company Name
Savolainen Kimmo Olavi -- American Title Svc Agcy Llc
Meripihkaproperties Llc -- Wfg National Title Ins Co
Savolainen Kimmo Olavi $405,000 Wfg National Title Ins Co
Shankar Ravi -- None Available
Shankar Ravi $400,000 Equity Title Agency Inc
Shankar Ravi $400,000 Equity Title Agency Inc
Peters Sarah $306,000 Capital Title Agency Inc
Sickafoose Michael L $272,000 Capital Title Agency Inc
Baehmann Edan A $244,250 Stewart Title & Trust
Countrywide Resources -- --
Wustner John R $200,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicolan Capital 4 Llc $577,500
Previous Owner Savolainen Kimmo Olavi $343,000
Previous Owner Savolainen Kimmo Olavi $300,000
Previous Owner Shankar Ravi $320,000
Previous Owner Peters Sarah $244,800
Previous Owner Sickafoose Michael L $217,600
Previous Owner Baehmann Edan A $195,400
Previous Owner Wustner John R $160,000
Closed Sickafoose Michael L $27,000
Closed Peters Sarah $45,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $770,000 +1.3% $1,027 / Sq Ft
09/17/2022 09/17/22 Price Changed $760,000 0.0% $1,013 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/25/2022 08/25/22 Pending -- -- --
08/22/2022 08/22/22 For Sale $760,000 -- $1,013 / 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 $1,912 $19,378 -- --
2024 $1,918 $18,455 -- --
2023 $1,918 $59,390 $14,260 $45,130
2022 $1,878 $42,320 $10,160 $32,160
2021 $1,901 $37,220 $8,940 $28,280
2020 $1,876 $29,540 $7,090 $22,450
2019 $1,753 $23,340 $5,600 $17,740
2018 $1,682 $21,980 $5,280 $16,700
2017 $1,632 $22,630 $5,430 $17,200
2016 $1,602 $15,620 $3,750 $11,870
2015 $1,506 $14,130 $3,390 $10,740
Source: Public Records

Agents Affiliated with this Home

  • Luis Espinoza

    Seller's Agent in 2022

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    1 in this area

    113 Total Sales

    Luis Espinoza
    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6453205

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-30-092

Arizona Maricopa County Mesa 85204 Woodbridge Crossing

409 E 9th Ave, Mesa, AZ

Not Listed for Sale

MultiFamily

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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