NOT LISTED FOR SALE

Estimated Value: $358,197 - $446,000

3 Beds
-- Bath
1,428 Sq Ft
$284/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $330,000 $231 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,192/month

1 Day on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of March 2021

Solid investment opportunity!! Fresh New Paint!!! Sturdy building, well maintained, great renters who take care of the property & pay rents on time. South side unit (428) is a 1 bed 1 bath rented for $650, and the north unit (426) is a 2 bed 1 bath rented for $700. Below market rents!! Both have tile throughout, good size family rooms, eat in kitchens, both have a 1 car carport, good size backyards, no roof leaks, window AC units, and a well built solid block home. Home is in a great area of Mesa that is being updated and values of homes are steadily increasing. Tenants are under contract until March of 2021, they're solid tenants and will stay for several more years. Great opportunity to increase rents to a comparable $900/$1100 for these units. Tenants pay all utilities, and no HOA!!

Last Agent to Sell the Property

Sarah Mazzone

Synchronicity Realty License #SA674131000 Listed on: 02/08/2021

Last Buyer's Agent

Josh Strong

Nhimble Homes License #SA687584000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $807

Year Built

  • Built in 1960

Lot Details

  • 7,492

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Lowell Elementary School - Mesa
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 139-24-051

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,485
  • Stewarts South East Mesa Addition Subdivision

Building Details

  • Operating Expense $2,881
  • Gross Income $16,200
  • Net Operating Income $13,326

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$807

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr and Broadway Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: STEWARTS SOUTH-EAST MESA ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Wall/Window Unit(s)
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1300.0

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 7,485
  • Additional Parcels: No
  • Parcel #: 139-24-051

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0
  • Insurance Expense: 774.0
  • Property Net Operating Income: 13326.0
  • Annual Operating Expense: 2881.0

Tax Info

  • Tax Annual Amount: 807.0
  • Tax Book Number: 139.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2022
Sold by
Rs Xii Phoenix Owner 1 Lp
Bought by
Rs Xii Nm Phoenix Owner 1 Lp
Current Estimated Value
$406,049

Purchase Details

Listed on
Feb 8, 2021
Closed on
Feb 10, 2021
Sold by
Basta Bonnette
Bought by
Rs Xii Phoenix Owner 1 Lp
Seller's Agent
Sarah Mazzone
Synchronicity Realty
Buyer's Agent
Josh Strong
Nhimble Homes
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%

Purchase Details

Listed on
Nov 7, 2019
Closed on
Dec 24, 2019
Sold by
Peterson Douglas Kay and Peterson Christine
Bought by
Basta Bonnette
Seller's Agent
Kelly Larsen
ProManage Realty, LLC
Buyer's Agent
Kelly Larsen
ProManage Realty, LLC
List Price
$224,995
Sold Price
$205,000
Premium/Discount to List
-$19,995
-8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.97%
Original Mortgage
$150,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2008
Sold by
Ez Homes Inc
Bought by
Peterson Douglas Kay and Peterson Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2008
Sold by
Martinez Blanca Gonzalez
Bought by
Ez Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2005
Sold by
Wyman Theodore T
Bought by
Martinez Blanca Gonzalez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,525
Interest Rate
9.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 1997
Sold by
Lents Robert J
Bought by
Wyman Theodore T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,650
Interest Rate
7.22%
Mortgage Type
VA
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
Rs Xii Nm Phoenix Owner 1 Lp -- New Title Company Name
Rs Xii Phoenix Owner 1 Lp $350,000 First American Title Ins Co
Basta Bonnette $200,000 Empire West Title Agency Llc
Peterson Douglas Kay $75,000 Magnus Title Agency
Ez Homes Inc $65,101 Magnus Title Agency
Martinez Blanca Gonzalez $199,500 Transnation Title
Wyman Theodore T $59,900 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Basta Bonnette $150,000
Previous Owner Peterson Douglas Kay $55,000
Previous Owner Martinez Blanca Gonzalez $189,525
Previous Owner Wyman Theodore T $61,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2021 03/02/21 Sold $330,000 -5.7% $231 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $350,000 +70.7% $245 / Sq Ft
01/17/2020 01/17/20 Sold $205,000 -8.9% $144 / Sq Ft View Prior Sale
12/08/2019 12/08/19 Pending -- -- --
11/27/2019 11/27/19 For Sale $224,995 0.0% $158 / Sq Ft
11/27/2019 11/27/19 Price Changed $224,995 -4.3% $158 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $234,995 -- $165 / 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 $822 $8,335 -- --
2024 $825 $7,938 -- --
2023 $825 $27,300 $5,460 $21,840
2022 $808 $18,700 $3,740 $14,960
2021 $818 $15,450 $3,090 $12,360
2020 $807 $13,860 $2,770 $11,090
2019 $754 $11,130 $2,220 $8,910
2018 $724 $9,250 $1,850 $7,400
2017 $702 $8,760 $1,750 $7,010
2016 $689 $7,870 $1,570 $6,300
2015 $648 $6,980 $1,390 $5,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6191645

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-051