NOT LISTED FOR SALE

422 S Wilbur Mesa, AZ 85210

Woodbridge Crossing Neighborhood

Estimated Value: $336,000 - $713,097

-- Bed
5 Baths
624 Sq Ft
$959/Sq Ft Est. Value

Last Sold June 23, 2016

Last sale price $250,000 $401 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,301/month

6 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • No Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2016

A value-add opportunity located just South of Downtown Mesa in a quiet residential neighborhood. Rents are below market and greatly below where they should be with a few upgrades like individual AC units. The three 2-bedroom and two 1-bedroom units feature individual laundry hookups and covered parking. The buildings are block construction.with pitched roofs for low maintenance. Conveniently located near employment, freeway and light rail access. Refrigerators, washers, and dryers are owned by tenants and do not convey.

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 05/10/2016

Co-Listed By

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000

Last Buyer's Agent

Isabelle Stonebraker

My Home Group Real Estate License #SA646567000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,223

Year Built

  • Built in 1962

Lot Details

  • 0.37

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces

Schools

  • Lincoln Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Evaporated cooling system
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 2 / 3
  • Assessor Parcel Number 139-36-006

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 15964
  • Almond Place Subdivision

Building Details

  • Operating Expense $1,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,223

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Broadway Rd and S Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: TCR-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2015
  • Directions: West on Broadway Rd. South on Wilbur to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: ALMOND PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 15964
  • Additional Parcels: No
  • Parcel #: 139-36-006

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 5
  • Annual Operating Expense: 1223.0

Tax Info

  • Tax Annual Amount: 1223.0
  • Tax Block: 3
  • Tax Book Number: 139.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2016
Closed on
Jul 27, 2016
Sold by
Thacker Boyd H and Thacker Thomas Eric
Bought by
Marsh Properties Llc
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Isabelle Stonebraker
My Home Group Real Estate
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%
Current Estimated Value
$598,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,274
Avg. Annual Appreciation
9.87%
Original Mortgage
$176,250
Outstanding Balance
$22,105
Interest Rate
5.3%
Mortgage Type
Commercial
Estimated Equity
$576,169
Source: Public Records

Range of Values:

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Average Value
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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
Marsh Properties Llc $235,000 Driggs Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsh Properties Llc $176,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2016 06/23/16 Sold $250,000 -3.8% $401 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $260,000 -- $417 / 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 $1,545 $15,742 -- --
2024 $1,558 $14,992 -- --
2023 $1,558 $61,970 $12,390 $49,580
2022 $1,526 $43,100 $8,620 $34,480
2021 $1,544 $36,060 $7,210 $28,850
2020 $1,524 $32,730 $6,540 $26,190
2019 $1,424 $24,550 $4,910 $19,640
2018 $1,367 $20,170 $4,030 $16,140
2017 $1,326 $19,400 $3,880 $15,520
2016 $1,301 $18,160 $3,630 $14,530
2015 $1,223 $16,080 $3,210 $12,870
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark Skelpsa

    HomeSmart Realty

    Section Image
  • Terry Kass

    Seller Co-Listing Agent in 2016

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    23 Total Sales

    Terry Kass
    Section Image
  • Isabelle Stonebraker

    Buyer's Agent in 2016

    Isabelle Stonebraker

    My Home Group Real Estate

    (480) 271-8894

    113 Total Sales

    Isabelle Stonebraker
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5440682

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-006

Arizona Maricopa County Mesa 85210 Woodbridge Crossing

422 S Wilbur, Mesa, AZ

This home is located at 422 S Wilbur, Mesa, AZ 85210 since 10 May 2016 and is currently estimated at $598,274, approximately $958 per square foot. This property was built in 1962. 422 S Wilbur is a home located in Maricopa County with nearby schools including Lincoln 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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