426 N Hill Mesa, AZ 85203
Mesa Patios Neighborhood
--
Bed
--
Bath
921
Sq Ft
10,062
Sq Ft Lot
Highlights
- Central Air
- Concrete Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of September 2017Large fully rented 4 plex near Gilbert & University. 3,822 sq ft. Rents A-$595, B-$675, C-$595 and D-$575. Total $2,440 month! Covered parking with small storage for each unit. All block construction. One unit up & 3 units down. All 2 bedroom one bath. Units were remodeled in 2008 with new carpet, new ceramic tile in baths, hallway, entry & kitchen. Complete exterior just painted April 2016. Owner pays water, sewer & trash. Tenants pay electric. Owner/agents. Ceiling fans in all units. Refrigerators & stoves in all units. Washer hookup only in kitchens. Pictures were taken prior to tenants moving in. No deferred maintenance. Great investment. Owners retiring. DO NOT DISTURB TENANTS. Write offer subject to inspection.
Last Agent to Sell the Property
Mesa Realty, Inc. License #BR004992000 Listed on: 05/17/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,393
Year Built
- Built in 1963
Home Design
- Composition Roof
- Block Exterior
Flooring
- Concrete Flooring
Parking
- 1 Open Parking Space
- 5 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
Schools
- Hawthorne Elementary School
- Kino Junior High School
- Mountain View High School
Utilities
- Central Air
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 3
- Assessor Parcel Number 137-37-003-A
Community Details
Overview
- 4 Units
- Building Dimensions are 10065
- Ko Ko Palms Subdivision
Building Details
- Gross Income $29,280
- Net Operating Income $25,151
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 1, 2020
Sold by
Tw2 Properties Llc
Bought by
C & D Reserve Llc
Current Estimated Value
Purchase Details
Listed on
Sep 4, 2017
Closed on
Sep 20, 2017
Sold by
Manetas Christopher and Manetas Selena
Bought by
Tw2 Properties Llc
Seller's Agent
Michael McCabe
My Home Group Real Estate
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$279,000
Sold Price
$276,500
Premium/Discount to List
-$2,500
-0.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%
Original Mortgage
$290,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Listed on
May 17, 2016
Closed on
Oct 6, 2016
Sold by
Halifax 4827 Llc
Bought by
Manetas Christopher and Manetas Selena
Seller's Agent
Donald Geahlen
Mesa Realty, Inc.
Buyer's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
List Price
$289,900
Sold Price
$258,000
Premium/Discount to List
-$31,900
-11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$193,500
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 3, 2009
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
Halifax 4827 Llc
Purchase Details
Closed on
Oct 2, 2008
Sold by
U S Bank National Association
Bought by
Geahlen Donald Lee and Geahlen Constance Darlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 18, 2006
Sold by
Fletcher Richard W and Fletcher Jane Ellen
Bought by
Johnson Erik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,597
Interest Rate
6.76%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 15, 2006
Sold by
Fletcher Richard W
Bought by
Johnson Erik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,597
Interest Rate
6.76%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 30, 2005
Sold by
Rappaport Richard A and Rappaport Helen S
Bought by
Jkm Trading Cor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 28, 2005
Sold by
Jkm Trading Corp
Bought by
Fletcher Richard W and Fletcher Jane Ellen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Mesa, AZ
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $276,500 | Security Title Agency Inc | |
| Warranty Deed | $258,000 | First Arizona Title Agency | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | $175,900 | First American Title Ins Co | |
| Warranty Deed | $403,597 | Tsa Title Agency | |
| Warranty Deed | $382,319 | Tsa Title Agency | |
| Cash Sale Deed | $390,000 | Capital Title Agency Inc | |
| Warranty Deed | $425,000 | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $290,000 | Commercial | |
| Previous Owner | $193,500 | New Conventional | |
| Previous Owner | $130,000 | Purchase Money Mortgage | |
| Previous Owner | $403,597 | Seller Take Back | |
| Previous Owner | $318,750 | Purchase Money Mortgage | |
| Closed | $85,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/22/2017 09/22/17 | Sold | $276,500 | -0.9% | $300 / Sq Ft |
| 09/04/2017 09/04/17 | For Sale | $279,000 | +8.1% | $303 / Sq Ft |
| 10/11/2016 10/11/16 | Sold | $258,000 | -6.2% | $280 / Sq Ft |
| 08/21/2016 08/21/16 | Price Changed | $275,000 | -5.1% | $299 / Sq Ft |
| 05/16/2016 05/16/16 | For Sale | $289,900 | -- | $315 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,760 | $17,930 | -- | -- |
| 2024 | $1,774 | $17,076 | -- | -- |
| 2023 | $1,774 | $58,470 | $11,690 | $46,780 |
| 2022 | $1,738 | $43,970 | $8,790 | $35,180 |
| 2021 | $1,759 | $35,510 | $7,100 | $28,410 |
| 2020 | $1,736 | $31,500 | $6,300 | $25,200 |
| 2019 | $1,622 | $21,220 | $4,240 | $16,980 |
| 2018 | $1,557 | $18,530 | $3,700 | $14,830 |
| 2017 | $1,510 | $17,180 | $3,430 | $13,750 |
| 2016 | $1,482 | $16,300 | $3,260 | $13,040 |
| 2015 | $1,393 | $17,480 | $3,490 | $13,990 |
Source: Public Records
Agents Affiliated with this Home
-
Michael McCabe
Seller's Agent in 2017
Michael McCabe
My Home Group
(480) 766-0273
149 Total Sales
-
Jennifer Utter
J
Buyer's Agent in 2017
Jennifer Utter
HomeSmart
(480) 710-8486
2 in this area
9 Total Sales
-
Donald Geahlen
D
Seller's Agent in 2016
Donald Geahlen
Mesa Realty, Inc.
(602) 999-9350
11 Total Sales
-
Daniel Shreeve
D
Buyer's Agent in 2016
Daniel Shreeve
Arizona Platinum Properties LLC
(480) 600-4307
34 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5443900
APN: 137-37-003A
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.
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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