NOT LISTED FOR SALE

4104 E Main St Mesa, AZ 85205

The Groves Neighborhood

Estimated Value: $513,000 - $571,000

4 Beds
9 Baths
2,545 Sq Ft
$214/Sq Ft Est. Value

Last Sold January 17, 2022

Last sale price $100 $0 Per Sq Ft

Est. 545,156% increase in value since last sale

Current estimated payment $2,933/month

19 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Entz Elementary School Rated A-

About This Home

As of January 2022

5 units totaling 2,529 SF, this unique value-add opportunity in Mesa, AZ is a a fully leased mixed-use investment including a retail office and four income producing residential units. The actual rents are extremely below current market rates. Just on the North side of Main Street between Greenfield and Val Vista Drive.

Last Agent to Sell the Property

Brad Broyles

RE Options License #SA624071000 Listed on: 12/01/2021

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.31

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 140-19-002-A

Community Details

Overview

  • 5 Buildings
  • 5 Units
  • Building Dimensions are NA

Building Details

  • Operating Expense $11,125
  • Gross Income $34,620
  • Net Operating Income $11,124

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0.31 Acres

Listing Details

  • Cross Street: Main and Greenfield
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: LC
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Carport
  • Attached Garage: No
  • 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 Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Partially Furnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2921.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: NA
  • Additional Parcels: No
  • Parcel #: 140-19-002-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 34620.0
  • Insurance Expense: 3014.0
  • Maintenance Expense: 4016.0
  • Property Net Operating Income: 11124.22
  • Annual Operating Expense: 11125.0

Tax Info

  • Tax Annual Amount: 1174.0
  • Tax Book Number: 140.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 25, 2022
Sold by
Old Town Higley Llc
Bought by
Nra Llc
Seller's Agent
Brad Broyles
RE Options
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$525,000
Sold Price
$100
Premium/Discount to List
-$524,900
-99.98%
Current Estimated Value
$545,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,156
Avg. Annual Appreciation
691.08%
Original Mortgage
$393,750
Outstanding Balance
$364,139
Interest Rate
3.22%
Mortgage Type
Seller Take Back
Estimated Equity
$181,117

Purchase Details

Closed on
Jul 29, 2008
Sold by
Peanut Properties Llp
Bought by
Old Town Higley Llc

Purchase Details

Closed on
Jul 13, 2000
Sold by
Waller Rose
Bought by
Peanut Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
8.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 16, 1999
Sold by
Mackinlay Daniel K
Bought by
Waller Rose and Vasich Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.05%

Purchase Details

Closed on
Jun 25, 1998
Sold by
Vasich Phyllis S
Bought by
Vasich Phyllis S and Vasich Waller Rose

Purchase Details

Closed on
Oct 14, 1996
Sold by
Vasich Phyllis S
Bought by
Vasich Phyllis S and Phyllis S Vasich Living Trust

Purchase Details

Closed on
Jan 3, 1996
Sold by
Fultz James D and Fultz Rose A
Bought by
Fultz Robert L and Fultz Deborah L

Purchase Details

Closed on
Mar 23, 1994
Sold by
Melone Joyce
Bought by
Fultz James D and Fultz Rose A
Source: Public Records
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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
Nra Llc $525,000 Pioneer Title
Old Town Higley Llc -- None Available
Peanut Properties Llp $175,000 Fidelity National Title
Waller Rose -- --
Mackinlay Daniel K -- --
Vasich Phyllis S -- --
Vasich Phyllis S -- --
Fultz Robert L -- Chicago Title Insurance Co
Fultz James D $80,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nra Llc $393,750
Previous Owner Peanut Properties Llp $92,500
Previous Owner Waller Rose $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2022 01/17/22 Sold $100 -100.0% $0 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $525,000 -- $206 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,157 $11,097 -- --
2024 $1,176 $10,646 -- --
2023 $1,176 $45,236 $9,041 $36,195
2022 $1,161 $34,272 $6,854 $27,418
2021 $1,174 $27,828 $5,561 $22,267
2020 $1,158 $24,963 $4,986 $19,977
2019 $1,085 $21,443 $4,286 $17,157
2018 $1,039 $19,198 $3,835 $15,363
2017 $1,009 $14,631 $2,922 $11,709
2016 $989 $13,051 $2,606 $10,445
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brad Broyles

    RE Options

    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: 6331807

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-19-002A

Arizona Maricopa County Mesa 85205 The Groves

4104 E Main St, 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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