NOT LISTED FOR SALE

420 E Julep St Mesa, AZ 85203

North Center Neighborhood

Estimated Value: $661,000 - $849,000

1 Bed
-- Bath
3,468 Sq Ft
$218/Sq Ft Est. Value

Last Sold February 03, 2014

Last sale price $125,000 $36 Per Sq Ft

Est. 506% increase in value since last sale

Current estimated payment $4,327/month

148 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • No Heating

About This Home

As of February 2014

This is a short sale. Inspection to be done upon acceptance of contract and approval letters from lien holders.
Property is in disrepair needs new roof and many other items. Need experienced investor. CASH OFFERS ONLY. Call listing agent prior to writing offer. 3 units vacant 1 occupied.

Last Listed By

Luke Bundy

Better Homes & Gardens Real Estate SJ Fowler License #SA510356000 Listed on: 07/23/2013

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $945

Year Built

  • Built in 1984

Lot Details

  • 0.25

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 14
  • Assessor Parcel Number 136-24-118

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10890
  • North Mesa Village Subdivision

Building Details

  • Operating Expense $8,085
  • Gross Income $96,000
  • Net Operating Income $15,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$945

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Mesa Drive and Mckellips
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2012
  • Directions: South on Mesa Drive east on Julep to property. Building needs roof and paint.
  • Road Surface Type: Asphalt
  • Subdivision Name: North Mesa Village
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: None
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: None
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: 10890
  • Additional Parcels: No
  • Parcel #: 136-24-118

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 96000.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 15115.0
  • Annual Operating Expense: 8085.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 945.0
  • Tax Book Number: 136.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2013
Closed on
Jan 27, 2014
Sold by
Chokrach John and Chokrach Candy
Bought by
Chokrach Candy
Seller's Agent
Luke Bundy
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%
Total Days on Market
148
Current Estimated Value
$757,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$632,000
Avg. Annual Appreciation
17.30%

Purchase Details

Closed on
Nov 14, 2013
Sold by
Clar Robert and Chokrach Candy
Bought by
Ringel Allen

Purchase Details

Closed on
Aug 1, 2006
Sold by
Clar Philip and Clar Robert
Bought by
The Robert & Philip Clar Family Lp

Purchase Details

Closed on
Aug 12, 2005
Sold by
Clar Jackie
Bought by
Clar Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,683,000
Interest Rate
5.64%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 7, 2004
Sold by
Clar Philip Hansen and Clar Robert Mitchell
Bought by
Clar Robert M and Clar Philip Hansen

Purchase Details

Closed on
Jul 22, 1997
Sold by
Gonzalez Manuel
Bought by
Clar Robert Mitchell and Clar Candy Rae

Purchase Details

Closed on
May 15, 1996
Sold by
Gonzales Manuel
Bought by
Wheeler Linda K

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
Chokrach Candy -- Lawyers Title Of Arizona Inc
The Robert & Philip Clar Family Limited -- Lawyers Title Of Arizona Inc
Ringel Allen $125,000 Lawyers Title Of Arizona Inc
Clar Robert -- Lawyers Title Of Arizona Inc
The Robert & Philip Clar Family Lp -- None Available
Clar Philip -- Fidelity National Title
Clar Robert -- Fidelity National Title
Clar Robert M -- --
Clar Robert Mitchell -- Chicago Title Insurance Co
Wheeler Linda K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ringel Allen $93,750
Previous Owner Clar Robert $1,683,000
Previous Owner Clar Robert $217,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2014 02/03/14 Sold $125,000 -10.7% $36 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $140,000 -- $40 / 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 $1,564 $15,935 -- --
2024 $1,577 $15,176 -- --
2023 $1,577 $52,880 $10,570 $42,310
2022 $1,544 $37,820 $7,560 $30,260
2021 $1,563 $30,200 $6,040 $24,160
2020 $1,543 $29,100 $5,820 $23,280
2019 $1,441 $24,800 $4,960 $19,840
2018 $1,384 $22,370 $4,470 $17,900
2017 $1,342 $16,360 $3,270 $13,090
2016 $1,317 $15,170 $3,030 $12,140
2015 $1,238 $13,370 $2,670 $10,700
Source: Public Records

Agents Affiliated with this Home

  • Luke Bundy

    Seller's Agent in 2014

    Luke Bundy

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 315-7389

    42 Total Sales

    Luke Bundy
    Section Image
  • Sophia Baron

    Buyer's Agent in 2014

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    100 Total Sales

    Sophia Baron
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4971809

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-24-118

Arizona Maricopa County Mesa 85203 North Center

420 E Julep St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 420 E Julep St, Mesa, AZ 85203 since 23 July 2013 and is currently estimated at $757,000, approximately $218 per square foot. This property was built in 1984. 420 E Julep St is a home located in Maricopa County with nearby schools including Lehi 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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