NOT LISTED FOR SALE

409 N Williams Mesa, AZ 85203

Mesa Patios Neighborhood
41 Beds
-- Baths
4,000 Sq Ft
1970 Built

Sale Details

Date Sold: February 8, 2017

Last sale price $1,440,000 $360 Per Sq Ft

34 Days on Market

Highlights

  • Heated Community Pool
  • Community Barbecue Grill
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2017

Palm Shadows is a Very Attractive Community Located Close to Mesa City Center. Made up of 19-2 Bedroom, 2 Bath Units and One Three Bedroom, Two Bath Unit. The Apartments are Approximately 1000 Square Feet Each. Building is Attractive Slump Bock Meaning Less Maintenance and Painting. Covered Parking, Laundry Facilities and Barbecue Area and Play Area. Major Employers are Boeing, Falcon Field and Many Others Including the City. Location is Between The Superstition Freeway and the Red Mountain Freeway.
Good Cash Flow and Upside Potential All Facts and Figures Are Approximate Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/12/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Arthur Hall

Amaryllis Realty, LLC License #BR535050000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,054

Year Built

  • Built in 1970

Home Design

  • Built-Up Roof

Parking

  • 7 Open Parking Spaces
  • 27 Parking Spaces
  • 20 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 54
  • Assessor Parcel Number 137-37-054-A

Community Details

Overview

  • 20 Units
  • Building Dimensions are 20000
  • Ko Ko Palms 2 Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $68,349
  • Gross Income $163,097
  • Net Operating Income $94,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,054

Year Built

Built in 1970

Listing Details

  • Cross Street: University & Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 6000.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: KO KO PALMS 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, See Remarks, Slump Block
  • Roof: Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 27.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 27.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 14150.0

Lot Info

  • Lot Size: 20000
  • Additional Parcels: No
  • Parcel #: 137-37-054-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 20
  • Electric Expense: 3300.0
  • Annual Gross Income: 163096.95
  • Insurance Expense: 6375.0
  • Maintenance Expense: 21800.0
  • Property Net Operating Income: 94965.0
  • Annual Operating Expense: 68349.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6054.0
  • Tax Book Number: 137.00
  • Tax Lot: 54

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2021
Sold by
425 N Hill Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 12, 2016
Closed on
Feb 2, 2017
Sold by
Arizona Real Estate Investment Holding 1
Bought by
425 N Hill Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$1,498,000
Sold Price
$1,440,000
Premium/Discount to List
-$58,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$936,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2004
Sold by
Chang Michael Fuk Hung and Chang Catherine Sachiko
Bought by
Arizona Real Estate Investment Holding I

Purchase Details

Closed on
Aug 19, 2003
Sold by
Adams John Steve
Bought by
Chang Michael Fuk Hung and Chang Catherine Sachiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.6%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Mesa Patios, AZ

  • Eric Maschue Real Estate Agent - Real Broker

    Eric Maschue

    Real Broker

    (623) 254-5524

    23 Total Sales

    1 in Mesa Patios

    $466,000 Price

    Eric Maschue
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  • Robbie Holycross Real Estate Agent - West USA Realty

    Robbie Holycross

    West USA Realty

    (623) 323-1787

    87 Total Sales

    1 in Mesa Patios

    $169,500 Price

    Robbie Holycross
     Section Image
  • Mary Jo Santistevan Real Estate Agent - SERHANT.

    Mary Jo Santistevan

    Responds Quickly

    SERHANT.

    (623) 263-8643

    246 Total Sales

    1 in Mesa Patios

    $260,000 Price

    Mary Jo Santistevan
     Section Image
  • Victoria Romero Real Estate Agent - Brokers Hub Realty, LLC

    Victoria Romero

    Brokers Hub Realty, LLC

    (602) 483-4139

    18 Total Sales

    1 in Mesa Patios

    $565,000 Price

    Victoria Romero
     Section Image
  • Myrna Dallas Real Estate Agent - Fathom Realty

    Myrna Dallas

    Fathom Realty

    (602) 560-5667

    96 Total Sales

    1 in Mesa Patios

    $312,000 Price

    Myrna Dallas
     Section Image
  • Julie Morris Real Estate Agent - HomeSmart

    Julie Morris

    Responds Quickly

    HomeSmart

    (623) 323-2954

    80 Total Sales

    1 in Mesa Patios

    $385,000 Price

    Julie Morris
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,000,000 Commonwealth Land Ttl Ins Co
425 N Hill Llc $1,440,000 Stewart Title Arizona Agency
Arizona Real Estate Investment Holding I -- --
Chang Michael Fuk Hung $1,000,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,850,000
Closed Venture On Williams Llc $2,800,000
Previous Owner 425 N Hill Llc $936,000
Previous Owner Chang Michael Fuk Hung $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/08/2017 02/08/17 Sold $1,440,000 -3.9% $360 / Sq Ft
12/16/2016 12/16/16 For Sale $1,498,000 0.0% $375 / Sq Ft
12/16/2016 12/16/16 Price Changed $1,498,000 0.0% $375 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
09/11/2016 09/11/16 For Sale $1,498,000 -- $375 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,687 $77,915
2024 $7,710 $74,204
2023 $7,710 $261,310 $52,260 $209,050
2022 $7,551 $209,620 $41,920 $167,700
2021 $7,643 $182,750 $36,550 $146,200
2020 $7,544 $146,110 $29,220 $116,890
2019 $7,048 $126,010 $25,200 $100,810
2018 $6,764 $111,260 $22,250 $89,010
2017 $6,563 $76,000 $15,200 $60,800
2016 $6,441 $71,500 $14,300 $57,200
2015 $6,054 $68,860 $13,770 $55,090
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler Real Estate Agent - Better Homes & Gardens Real Estate SJ Fowler

    Seller's Agent in 2017

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    1 in this area

    40 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich Real Estate Agent - Better Homes & Gardens Real Estate SJ Fowler

    Seller Co-Listing Agent in 2017

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    1 in this area

    23 Total Sales

    Steven Cvetanovich
    Section Image

  • AH

    Buyer's Agent in 2017

    Arthur Hall

    Amaryllis Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496089

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85203 Mesa Patios

409 N Williams, Mesa, AZ

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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