NOT LISTED FOR SALE

Estimated Value: $408,817 - $461,000

4 Beds
-- Bath
1,536 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $410,000 $267 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,468/month

3 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of March 2022

*************DO NOT DISTURB TENANT**************
Both 2 bed, 1 bath, 768sf. units. Property is in good condition but in need of updates to achieve maximum returns. Long Terms month to month tenants in place.
Rents are currently under market and should be increased with improvements.

Last Agent to Sell the Property

John Ray

West USA Realty License #SA036311000 Listed on: 02/22/2022

West USA Realty

Last Buyer's Agent

Melissa Pimentel

Call Realty, Inc. License #SA665985000

Call Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $844

Year Built

  • Built in 1987

Lot Details

  • 6,621

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Additional Features

  • Ceramic Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 139-24-149

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6608
  • Haws Replat Subdivision

Building Details

  • Operating Expense $844
  • Gross Income $21,710
  • Net Operating Income $21,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$844

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & Broadway Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Muli
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2021
  • Directions: East on Broadway from Mesa Dr, south on Lesueur to Vine, west on Vine to property.
  • Road Surface Type: Dedicated Street
  • Subdivision Name: HAWS REPLAT
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • 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 Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6608
  • Additional Parcels: No
  • Parcel #: 139-24-149

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 21709.71
  • Property Net Operating Income: 21709.71
  • Annual Operating Expense: 844.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 844.0
  • Tax Book Number: 139.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
Mar 20, 2022
Sold by
O Homes Llc
Bought by
Bassett Properties Llc
Seller's Agent
John Ray
West USA Realty
Buyer's Agent
Melissa Pimentel
Call Realty, Inc.
List Price
$400,000
Sold Price
$410,000
Premium/Discount to List
$10,000
2.5%
Current Estimated Value
$440,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,204
Avg. Annual Appreciation
1.41%
Original Mortgage
$328,000
Outstanding Balance
$311,851
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$118,128

Purchase Details

Closed on
May 29, 2019
Sold by
Oglesby Robert C and Oglesby Melanie H
Bought by
O Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2017
Closed on
Mar 27, 2017
Sold by
Ocean Pier Az Llc
Bought by
O Homes Llc
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Clift Barnewolt
Hallmark Properties
List Price
$165,000
Sold Price
$167,000
Premium/Discount to List
$2,000
1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%

Purchase Details

Closed on
Dec 4, 2013
Sold by
Ocean Pier Llc
Bought by
Ocean Pier Az Llc

Purchase Details

Closed on
Nov 16, 2010
Sold by
Bautista Carlos
Bought by
Ocean Pier Llc

Purchase Details

Closed on
Oct 22, 2003
Sold by
Arraz Salvador and Millanes Jose
Bought by
Bautista Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,020
Interest Rate
6.14%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2001
Sold by
Arraz Salvador and Millanes Jose
Bought by
Arraz Salvador and Millanes Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,283
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
May 21, 1996
Sold by
Flowers Jack B and Flowers Sally M
Bought by
Arraz Salvador and Millanes Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,939
Interest Rate
8.07%
Mortgage Type
FHA
Source: Public Records

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
Bassett Properties Llc $410,000 New Title Company Name
O Homes Llc -- Accommodation
Oglesby Robert C -- Old Republic Title Agency
O Homes Llc $167,000 Lawyers Title
Ocean Pier Az Llc -- None Available
Ocean Pier Llc $48,000 None Available
Bautista Carlos $134,900 Security Title Agency
Arraz Salvador -- First Southwestern Title
Arraz Salvador $70,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bassett Properties Llc $328,000
Previous Owner Oglesby Robert C $119,000
Previous Owner O Homes Llc $115,000
Previous Owner Bautista Carlos $172,500
Previous Owner Bautista Carlos $133,020
Previous Owner Arraz Salvador $73,283
Previous Owner Arraz Salvador $69,939
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $410,000 +2.5% $267 / Sq Ft
02/22/2022 02/22/22 For Sale $400,000 +139.5% $260 / Sq Ft
04/07/2017 04/07/17 Sold $167,000 +1.2% $109 / Sq Ft
03/06/2017 03/06/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $165,000 -- $107 / 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 $844 $8,598 -- --
2024 $851 $8,189 -- --
2023 $851 $29,850 $5,970 $23,880
2022 $833 $21,030 $4,200 $16,830
2021 $844 $17,420 $3,480 $13,940
2020 $832 $15,920 $3,180 $12,740
2019 $778 $12,550 $2,510 $10,040
2018 $746 $11,630 $2,320 $9,310
2017 $724 $10,120 $2,020 $8,100
2016 $711 $9,430 $1,880 $7,550
2015 $668 $7,970 $1,590 $6,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6359118

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-149