NOT LISTED FOR SALE

Estimated Value: $596,000 - $769,000

Studio
-- Bath
3,132 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2023

Last sale price $622,500 $199 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,587 / mo

Highlights

  • Brick Veneer
  • Patio
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Desert Landscape

About This Home

As of November 2023

Great investment opportunity. 100% occupied. 3 units have newer AC units. 3 Dishwashers were replaced within the past two years. All units have spacious, private rear patios. Low maintenance. All tenants are responsible for electricity. Seller is responsible for Water/Trash.

Last Agent to Sell the Property

DeAndre Harvey

Jason Mitchell Real Estate License #SA642530000 Listed on: 11/29/2023

Last Buyer's Agent

RJ MARSHALL

Gentry Real Estate License #SA698568000

Gentry Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,417

Year Built

  • Built in 1984

Lot Details

  • Desert Landscape
  • Additional Parcels

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Siding

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Parking Available
  • Additional Parking

Schools

  • Salk Elementary School
  • Fremont Junior High School
  • Red Mountain High School

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available
  • Cable TV Available

Additional Features

  • Ceramic Tile Flooring
  • Patio

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, trash collection, landscaping
  • Assessor Parcel Number 141-62-459-b

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Sun Villa Subdivision

Building Details

  • Operating Expense $10,173
  • Gross Income $45,540
  • Net Operating Income $45,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,417

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: RECKER AND UNIVERSITY
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2023
  • Road Surface Type: Gravel
  • Subdivision Name: SUN VILLA
  • Tax Parcel Letter: b
  • Const - Finish:Const - Finish: Painted, Brick Veneer, Siding
  • Cooling:Cooling: Central Air, Electric
  • Road Surface Type:Road Surface Type: Gravel
  • Electric:Electric: Individual Meter, SRP
  • Special:Special: Unincorporated Area
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s)

Exterior Features

  • Disclosures: None
  • Construction Type: Brick, Wood Frame, Painted, Brick Veneer, Siding
  • Roof: Composition
  • Exterior Amenities: Desert Landscaping, Cable TV Available, Patio/Balcony

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: 1 Space/Unit, Add'l Parking Avail

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 2600.0

Schools

  • Elementary School: Salk Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Fremont Junior High School

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 141-62-459-b

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 45540.0
  • Insurance Expense: 2756.0
  • Maintenance Expense: 2900.0
  • Property Net Operating Income: 45540.0
  • Annual Operating Expense: 10173.0

Tax Info

  • Tax Annual Amount: 1417.0
  • Tax Lot: 0

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

Listed on
Nov 29, 2023
Closed on
Nov 14, 2023
Sold by
Bought by
Seller's Agent
DeAndre Harvey
Jason Mitchell Real Estate
Buyer's Agent
RJ MARSHALL
Gentry Real Estate
List Price
$622,500
Sold Price
$622,500
Views
5
Current Estimated Value
$653,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,339
Avg. Annual Appreciation
1.89%
Original Mortgage
$400,000
Interest Rate
0.0763%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2022
Closed on
May 12, 2023
Sold by
Bought by
Seller's Agent
Sandra Griffith
Saguaro Mountain Realty Inc.
Buyer's Agent
Justin Titus
My Home Group Real Estate
List Price
$775,000
Sold Price
$680,000
Premium/Discount to List
-$95,000
-12.26%
Views
375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.84%
Original Mortgage
$559,999
Interest Rate
0.0632%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2017
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2006
Sold by
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
$68,200
Interest Rate
0.063%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 19, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 1999
Sold by
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
$128,000
Interest Rate
0.0763%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1998
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$622,500 First American Title Insurance
$680,000 First American Title Insurance
$699,999 First American Title Insurance
-- None Available
$115,900 First American Title Ins Co
$126,000 First American Title
$341,000 Capital Title Agency Inc
-- --
$160,000 Chicago Title Insurance Co
-- --
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 $415,000
Closed $415,000
Closed $400,000
Previous Owner $559,999
Previous Owner $68,200
Previous Owner $238,700
Previous Owner $128,000
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 Prior Sale
11/30/2023 11/30/23 Sold $622,500 0.0% $199 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $622,500 -8.5% $199 / Sq Ft
05/12/2023 05/12/23 Sold $680,000 -2.2% $217 / Sq Ft View Prior Sale
04/29/2023 04/29/23 Pending -- -- --
04/27/2023 04/27/23 Price Changed $695,000 -6.3% $222 / Sq Ft
09/07/2022 09/07/22 Price Changed $742,000 -4.3% $237 / Sq Ft
06/03/2022 06/03/22 For Sale $775,000 +132.7% $247 / Sq Ft
05/04/2017 05/04/17 Sold $333,000 -0.6% $106 / Sq Ft View Prior Sale
04/13/2017 04/13/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $335,000 -- $107 / 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 $1,400 $15,530
2024 $1,417 $14,790
2023 $1,417 $48,150 $9,630 $38,520
2022 $1,383 $35,580 $7,110 $28,470
2021 $1,380 $30,970 $6,190 $24,780
2020 $1,369 $28,630 $5,720 $22,910
2019 $1,269 $24,020 $4,800 $19,220
2018 $1,237 $22,060 $4,410 $17,650
2017 $1,195 $20,810 $4,160 $16,650
2016 $1,170 $18,580 $3,710 $14,870
2015 $1,093 $16,210 $3,240 $12,970
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6635416

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-62-459B

Your Personal Tour Guide

Ask me questions while you tour the home.