NOT LISTED FOR SALE

442 N Hill Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $750,000 - $877,000

-- Bed
4 Baths
950 Sq Ft
$856/Sq Ft Est. Value

Last Sold May 10, 2013

Last sale price $165,000 $174 Per Sq Ft

Est. 393% increase in value since last sale

Current estimated payment $4,443/month

93 Days on Market

Highlights

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

About This Home

As of May 2013

Large 2 Bedroom Units! Quiet neighborhood. Conveniently located near shopping and freeways! Great Little Corner Lot!

Last Agent to Sell the Property

Gerry Dombek CRS

West USA Realty License #BR541184000 Listed on: 01/08/2013

West USA Realty

Last Buyer's Agent

Arthur Hall

Amaryllis Realty, LLC License #BR535050000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,123

Year Built

  • Built in 1963

Lot Details

  • 0.34

Home Design

  • Composition Roof
  • Block Exterior

Parking

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 137-37-005-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Ko Ko Palms Subdivision

Building Details

  • Operating Expense $7,041
  • Gross Income $23,760
  • Net Operating Income $20,482

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,123

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: GILBERT & UNIVERSITY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1618.0
  • Subdivision Name: KO KO PALMS
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1800.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 137-37-005-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23760.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 20482.0
  • Annual Operating Expense: 7041.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1123.0
  • Tax Book Number: 137.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2020
Sold by
Tw2 Properties Llc
Bought by
C & D Reserve Llc
Current Estimated Value
$813,500

Purchase Details

Closed on
Jun 7, 2018
Sold by
Carmichael Lonny
Bought by
Tw2 Properties Llc

Purchase Details

Listed on
Jan 8, 2013
Closed on
May 16, 2013
Sold by
Carmichael Meredith
Bought by
Carmichael Lonny
Seller's Agent
Gerry Dombek CRS
West USA Realty
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.57%
Original Mortgage
$115,500
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2013
Closed on
May 15, 2013
Sold by
Nesbeth Marcus A
Bought by
Carmichael Lonny
Seller's Agent
Gerry Dombek CRS
West USA Realty
Buyer's Agent
Arthur Hall
Amaryllis Realty, LLC
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2009
Sold by
Renaud Laila S
Bought by
Nesbeth Marcus A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2008
Sold by
Flores Jeffrey R
Bought by
Jkm Trading Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2007
Sold by
Flores Kathleen
Bought by
Flores Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2007
Sold by
Fletcher Richard W and Fletcher Jane Ellen E
Bought by
U S Bank Assn and Credit Suisse First Boston Csfb Armt 200
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
C & D Reserve Llc -- None Available
Tw2 Properties Llc $590,000 Security Title Agency Inc
Carmichael Lonny -- Title Management Agency Of A
Carmichael Lonny $165,000 Title Management Agency Of A
Nesbeth Marcus A $200,000 Lawyers Title Of Arizona Inc
Jkm Trading Inc -- Capital Title Agency Inc
Flores Jeffrey -- Capital Title Agency Inc
Flores Jeffrey -- Capital Title Agency Inc
U S Bank Assn $327,250 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carmichael Lonny $115,500
Previous Owner Carmichael Lonny $115,500
Previous Owner Nesbeth Marcus A $150,000
Previous Owner Jkm Trading Inc $76,000
Previous Owner Flores Jeffrey $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2013 05/10/13 Sold $165,000 -2.9% $174 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $170,000 -- $179 / 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 $1,860 $18,852 -- --
2024 $1,866 $17,954 -- --
2023 $1,866 $61,060 $12,210 $48,850
2022 $1,827 $45,830 $9,160 $36,670
2021 $1,849 $37,480 $7,490 $29,990
2020 $1,825 $33,230 $6,640 $26,590
2019 $1,705 $22,020 $4,400 $17,620
2018 $1,637 $19,130 $3,820 $15,310
2017 $1,588 $17,680 $3,530 $14,150
2016 $1,558 $17,010 $3,400 $13,610
2015 $1,465 $18,060 $3,610 $14,450
Source: Public Records

Agents Affiliated with this Home

  • Gerry Dombek CRS

    Seller's Agent in 2013

    Gerry Dombek CRS

    West USA Realty

    (602) 577-9989

    71 Total Sales

    Gerry Dombek CRS
    Section Image

  • A

    Buyer's Agent in 2013

    Arthur Hall

    Amaryllis Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4871076

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-005A

Arizona Maricopa County Mesa 85203 Mesa Patios

442 N Hill, Mesa, AZ

Not Listed for Sale

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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