NOT LISTED FOR SALE

Estimated Value: $373,908 - $459,000

Studio
-- Bath
1,579 Sq Ft
$274/Sq Ft Est. Value

Last Sold October 10, 2018

Last sale price $175,000 $111 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $2,329/month

106 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of October 2018

Great opportunity for income producing property. Duplex with two 2 bedroom 1 bath units. Great location convenient to freeways, shopping and schools. AC replaced within the last 3 years. Each units has private yards along with separate rooms with washer & dryer hookup. Great long term tenants (been in units over four years) on month-to-month leases. Please do NOT disturb tenants. Drive by only. Once under contract access will be arranged for inspection.

Last Agent to Sell the Property

Angela Johnson

Bullseye Property Management, LLC License #SA646383000 Listed on: 05/17/2018

Last Buyer's Agent

Nicholas Yale

Brokers Hub Realty, LLC License #BR517934000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $714

Year Built

  • Built in 1983

Lot Details

  • 6,621

Home Design

  • Composition Roof

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Holmes Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for 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 Replat Lot 1 39

Building Details

  • Operating Expense $4,572
  • Gross Income $16,320
  • Net Operating Income $11,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$714

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. and Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: HAWS SUBDIVISION REPLAT LOT 1-39
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: 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
  • 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: 3248.0

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

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

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 16320.0
  • Insurance Expense: 460.0
  • Property Net Operating Income: 11748.0
  • Annual Operating Expense: 4572.0

Tax Info

  • Tax Annual Amount: 714.0
  • 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
Current Estimated Value
$431,977

Purchase Details

Listed on
May 17, 2018
Closed on
Sep 19, 2018
Sold by
K & D Dwellings Llc
Bought by
Vh Landing Llc
Seller's Agent
Angela Johnson
Bullseye Property Management, LLC
Buyer's Agent
Nicholas Yale
Brokers Hub Realty, LLC
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.23%
Original Mortgage
$131,250
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 28, 2013
Sold by
Johnson Becky H
Bought by
Johnson Kenneth E

Home Financials for this Owner

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

Purchase Details

Closed on
Nov 15, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Just Hgourtlande

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
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
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 List to Sale Price per Sq Ft
10/10/2018 10/10/18 Sold $175,000 0.0% $111 / Sq Ft
08/23/2018 08/23/18 For Sale $175,000 0.0% $111 / Sq Ft
06/05/2018 06/05/18 Off Market $175,000 -- --
05/26/2018 05/26/18 For Sale $175,000 0.0% $111 / Sq Ft
05/26/2018 05/26/18 Price Changed $175,000 0.0% $111 / Sq Ft
05/16/2018 05/16/18 For Sale $175,000 -- $111 / 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 $845 $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: 5767066

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-161