NOT LISTED FOR SALE

Estimated Value: $342,000 - $459,000

-- Bed
2 Baths
785 Sq Ft
$504/Sq Ft Est. Value

Last Sold March 06, 2013

Last sale price $96,500 $123 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $2,282/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2013

Conveniently located in Mesa, this 1,579 square foot duplex offers two - 2 bedroom, 1 bath units. Each unit includes; tile flooring, spacious kitchen with pantry, outside enclosed laundry area, fending private patio, and plenty of community parking behind the units. One unit is currently leased for $650.00 per month. Great for investors, this property has a cap rate over 11%. Also ideal for owner occupants who want to offset living expenses.

Last Listed By

Tammy Medigovich

Good Oak Real Estate Brokerage Email: mitch.medigovich@gmail.com License #BR625515000 Listed on: 01/23/2013

Good Oak Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $522

Year Built

  • Built in 1983

Lot Details

  • 6,621

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stone Exterior Construction

Flooring

  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Paved Parking
  • On-Street Parking

Schools

  • Holmes Elementary School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water
  • Tax Lot 16
  • Assessor Parcel Number 139-24-161

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6612
  • Haws Subdivision

Building Details

  • Operating Expense $2,844
  • Gross Income $14,820
  • Net Operating Income $13,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$522

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Mesa Drive/Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Duplex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2012
  • Directions: East to Lesueur. South to 6th Drive. West to Property on right side.
  • Attribution Contact: mitch.medigovich@gmail.com
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Subdivision Name: Haws Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stone, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6612
  • Additional Parcels: No
  • Parcel #: 139-24-161

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 14820.0
  • Property Net Operating Income: 13256.0
  • Annual Operating Expense: 2844.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 522.0
  • Tax Book Number: 139.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2018
Sold by
Vh Landing Llc
Bought by
Vanhorn Mitchell W and The Van Horn Landing Trust
Total Days on Market
4
Current Estimated Value
$395,297

Purchase Details

Closed on
Sep 19, 2018
Sold by
K & D Dwellings Llc
Bought by
Vh Landing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 23, 2013
Closed on
Jan 28, 2013
Sold by
Johnson Becky H
Bought by
Johnson Kenneth E
Seller's Agent
Tammy Medigovich
Good Oak Real Estate
Buyer's Agent
David Johnson
Dave Johnson Realty
List Price
$99,000
Sold Price
$96,500
Premium/Discount to List
-$2,500
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$72,375
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2012
Closed on
Nov 15, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Just Hgourtlande
Seller's Agent
Kenny Klaus
Keller Williams Integrity First
Buyer's Agent
Tammy Medigovich
Good Oak Real Estate
List Price
$72,500
Sold Price
$81,000
Premium/Discount to List
$8,500
11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.26%

Purchase Details

Closed on
Apr 29, 2012
Sold by
U S Bank National Association
Bought by
Secretary Of Housing Beach Urban Develop

Purchase Details

Closed on
Mar 28, 2008
Sold by
Dlj Mortgage Capital Inc
Bought by
Lisonbee R Reed and Lisonbee Jannie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,682
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2008
Sold by
Ceballos Cintia Reyes
Bought by
Dlj Mortgage Capital Inc

Purchase Details

Closed on
Sep 21, 2006
Sold by
Luna Luis Alfonso
Bought by
Ceballos Cintia Reyes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
8.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 25, 2004
Sold by
Juarez Ramon and Juarez Maria
Bought by
Ceballos Cintia Reyes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2000
Sold by
Johnson Dale E and Johnson Nadine
Bought by
Juarez Ramon and Juarez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,099
Interest Rate
7.98%
Mortgage Type
New Conventional

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
Vanhorn Mitchell W -- None Available
Vanhorn Mitchell W -- None Available
Vh Landing Llc $175,000 Empire West Title Agency Llc
Johnson Kenneth E -- First American Title Ins Co
Johnson Kenneth E $96,500 First American Title Ins Co
Just Hgourtlande -- Grand Canyon Title Agency
Secretary Of Housing Beach Urban Develop -- Great American Title Agency
Lisonbee R Reed $150,000 Great American Title Agency
Dlj Mortgage Capital Inc $159,225 None Available
Ceballos Cintia Reyes -- Excel Title Agency Llc
Ceballos Cintia Reyes $145,000 Transnation Title
Juarez Ramon $97,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vh Landing Llc $131,250
Previous Owner Johnson Kenneth E $72,375
Previous Owner Lisonbee R Reed $147,682
Previous Owner Ceballos Cintia Reyes $202,500
Previous Owner Ceballos Cintia Reyes $116,000
Previous Owner Juarez Ramon $97,099
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2013 03/06/13 Sold $96,500 -2.5% $123 / Sq Ft
01/27/2013 01/27/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $99,000 +22.2% $126 / Sq Ft
11/16/2012 11/16/12 Sold $81,000 +11.7% $103 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
08/17/2012 08/17/12 For Sale $72,500 -- $92 / 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 $840 $8,560 -- --
2024 $847 $8,153 -- --
2023 $847 $30,260 $6,050 $24,210
2022 $830 $21,350 $4,270 $17,080
2021 $840 $17,670 $3,530 $14,140
2020 $829 $16,100 $3,220 $12,880
2019 $774 $12,670 $2,530 $10,140
2018 $743 $11,760 $2,350 $9,410
2017 $721 $10,230 $2,040 $8,190
2016 $708 $9,520 $1,900 $7,620
2015 $665 $8,220 $1,640 $6,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4879270

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-161