NOT LISTED FOR SALE

436 W 3rd Place Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $463,000 - $786,000

-- Bed
-- Bath
1,659 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $327,500 $197 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,253/month

9 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2018

Here's a Great opportunity to own a low maintenance Triplex investment property with a solid return. This property has been completely remodeled with 2 one bed 1 bath units and one 2 bed 1 bath unit. Current rents are $1,150 for the 2 bedroom and $850 for the one bedroom units. This is in the heart of Mesa and within walking distance of downtown and rail system.

Last Listed By

Timothy Redelsperger

Long Realty Uptown License #SA663146000 Listed on: 08/06/2018

Long Realty Uptown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $748

Year Built

  • Built in 1959

Lot Details

  • 6,403

Home Design

  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer
  • Legal Lot and Block 31 / 1
  • Assessor Parcel Number 135-59-031

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6395
  • Bond Acres Subdivision

Building Details

  • Operating Expense $9,498
  • Gross Income $34,200
  • Net Operating Income $24,702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$748

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Country Club and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2017
  • Directions: North on Country Club to 3rd Place, West on 3rd Place to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: BOND ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Fuel Expense: 900.0
  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6395
  • Additional Parcels: No
  • Parcel #: 135-59-031

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: None
  • Number Of Units Total: 3
  • Electric Expense: 3000.0
  • Annual Gross Income: 34200.0
  • Insurance Expense: 1450.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 24702.0
  • Annual Operating Expense: 9498.0

Tax Info

  • Tax Annual Amount: 748.0
  • Tax Block: 1
  • Tax Book Number: 135.00
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 12, 2018
Sold by
Phillips Shannon
Bought by
Ricketts James
Seller's Agent
Timothy Redelsperger
Long Realty Uptown
Buyer's Agent
Laney Brandt
Compass
List Price
$335,000
Sold Price
$327,500
Premium/Discount to List
-$7,500
-2.24%
Total Days on Market
9
Current Estimated Value
$573,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,230
Avg. Annual Appreciation
8.77%
Original Mortgage
$206,100
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2017
Closed on
Jun 19, 2017
Sold by
Cash Todd W
Bought by
Phillips Shannon
Seller's Agent
Scott Simas
ProSmart Realty
Buyer's Agent
Timothy Redelsperger
Long Realty Uptown
List Price
$249,900
Sold Price
$254,900
Premium/Discount to List
$5,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.40%
Original Mortgage
$191,175
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2016
Sold by
Cash Kuliana and Cash Todd W
Bought by
Cash Todd W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2016
Sold by
Jaycorp Properties Llc
Bought by
Cash Todd W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2016
Sold by
Farnsworth Robert E
Bought by
Jaycorp Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2016
Sold by
Farnsworth Robert Edgar
Bought by
Farnsworth Robert Edgar

Purchase Details

Closed on
May 1, 2014
Sold by
Farnsworth Robert Edgar and Farnsworth Marion Hendrie
Bought by
Farnsworth Family Trust and Farnsworth Marion Hendrie

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
Ricketts James $327,500 Wfg National Title Insurance
Phillips Shannon $254,900 Chicago Title Agency Inc
Cash Todd W -- North American Title Company
Cash Todd W $118,000 North American Title Company
Jaycorp Properties Llc $60,000 North American Title Company
Farnsworth Robert E -- North American Title Company
Farnsworth Robert Edgar -- None Available
Farnsworth Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricketts James $209,000
Closed Ricketts James $206,100
Previous Owner Phillips Shannon $191,175
Previous Owner Cash Todd W $94,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $327,500 -2.2% $197 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $335,000 0.0% $202 / Sq Ft
04/30/2018 04/30/18 Rented $850 0.0% --
04/29/2018 04/29/18 Under Contract -- -- --
04/25/2018 04/25/18 For Rent $850 -2.9% --
01/31/2018 01/31/18 Rented $875 -2.8% --
01/30/2018 01/30/18 Under Contract -- -- --
01/05/2018 01/05/18 For Rent $900 +2.9% --
12/04/2017 12/04/17 Under Contract -- -- --
12/03/2017 12/03/17 Rented $875 -2.8% --
11/29/2017 11/29/17 For Rent $900 0.0% --
06/20/2017 06/20/17 Sold $254,900 +2.0% $154 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $249,900 -- $151 / 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 $864 $8,805 -- --
2024 $871 $8,386 -- --
2023 $871 $27,500 $5,500 $22,000
2022 $853 $21,520 $4,300 $17,220
2021 $864 $17,930 $3,580 $14,350
2020 $852 $16,050 $3,210 $12,840
2019 $796 $13,620 $2,720 $10,900
2018 $765 $11,000 $2,200 $8,800
2017 $742 $10,070 $2,010 $8,060
2016 $728 $9,320 $1,860 $7,460
2015 $684 $8,170 $1,630 $6,540
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Timothy Redelsperger

    Long Realty Uptown

    (602) 899-4640

    19 Total Sales

    Timothy Redelsperger
    Section Image

  • L

    Buyer's Agent in 2018

    Laney Brandt

    Compass

    (602) 570-5395

    81 Total Sales

    Laney Brandt
    Section Image
  • Scott Simas

    Seller's Agent in 2017

    Scott Simas

    ProSmart Realty

    (602) 499-1602

    31 Total Sales

    Scott Simas
    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Layne Peterson

    My Home Group Real Estate

    (480) 601-2947

    34 Total Sales

    Layne Peterson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5803159

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-59-031

Arizona Maricopa County Mesa 85201 West Main

436 W 3rd Place, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 436 W 3rd Place, Mesa, AZ 85201 since 06 August 2018 and is currently estimated at $573,730, approximately $345 per square foot. This property was built in 1959. 436 W 3rd Place is a home located in Maricopa County with nearby schools including Franklin at Brimhall Elementary School, Emerson 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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