NOT LISTED FOR SALE

4423 E Mclellan Rd Unit 110 Mesa, AZ 85205

Estimated Value: $982,000 - $1,039,000

-- Bed
8 Baths
2,450 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 03, 2024

Last sale price $1,000,000 $408 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,983/month

3 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceramic Tile Flooring
  • Bush Elementary School Rated A-
  • Community Playground
  • Heating Available

About This Home

As of June 2024

An exceptional and unparalleled opportunity awaits with this magnificent fourplex, nestled in the heart of the 85205 zip code area in Mesa, Arizona. This remarkable property exudes charm and elegance. Offering a collection of four units, each boasting three bedrooms and two bathrooms, this meticulously crafted building showcases a tasteful blend of modern design and timeless appeal. Built in 2005, this architectural gem ensures a truly remarkable experience for both residents and investors. Situated in the coveted 85205 zip code area, this fourplex provides convenient access to an array of amenities, including shopping centers, educational institutions, and recreational parks. Embrace this extraordinary chance to own a prestigious and highly profitable fourplex in the vibrant city of Mesa, Arizona. Premises is in close proximity and easy access to the Loop 202 (Red Mountain Freeway). All units are a mirror image. The primary bedroom is upstairs on all units and the basement level has two bedrooms, a bathroom and a laundry room. All units will have a washer, dryer, refrigerator, dishwasher and microwave. Units 109, 111 and 112 are being refurbished and can't be viewed at this time. Although, Sellers' agent will assist for access in the near future. The community offers a pool, playground and picnic area.

Last Agent to Sell the Property

Pamm Seago-Peterlin

Century 21 Seago License #SA021333000 Listed on: 04/13/2024

Century 21 Seago

Last Buyer's Agent

John McKeon

Better Homes & Gardens Real Estate SJ Fowler License #SA639978000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,886

Year Built

  • Built in 2005

Lot Details

  • 3,093

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Paved Parking
  • Assigned Parking

Schools

  • Bush Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 141-72-076

Community Details

Overview

  • 4 Units
  • Building Dimensions are Uknown
  • Falcon Estates Fourplex Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $15,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,886

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: Greenfield Rd and McKellips Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2023
  • Directions: South On Greenfield Rd, East on McLellan to Falcon Estates
  • Road Surface Type: Asphalt
  • Subdivision Name: FALCON ESTATES FOURPLEX SUBDIVISION
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Other
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Schools

  • Elementary School: Bush Elementary
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: Uknown
  • Additional Parcels: No
  • Parcel #: 141-72-076

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 15145.24

Tax Info

  • Tax Annual Amount: 3886.0
  • Tax Book Number: 141.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
Jun 3, 2024
Sold by
Alan And Rebecca Kuhn Trust and Kuhn E
Bought by
Mckeon John
Seller's Agent
Pamm Seago-Peterlin
Century 21 Seago
Buyer's Agent
John McKeon
Better Homes & Gardens Real Estate SJ Fowler
List Price
$997,700
Sold Price
$1,000,000
Premium/Discount to List
$2,300
0.23%
Total Days on Market
3
Views
24
Current Estimated Value
$1,013,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,333
Avg. Annual Appreciation
1.28%
Original Mortgage
$950,000
Outstanding Balance
$942,159
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$71,174

Purchase Details

Closed on
Dec 13, 2023
Sold by
Community Builders A Inc
Bought by
Alan And Rebecca Kuhn Trust and Kuhn

Purchase Details

Closed on
Dec 27, 2022
Sold by
Alan And Rebecca Kuhn Trust
Bought by
Community Builders A Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 18, 2018
Sold by
Erb Lyle Condie
Bought by
Kuhn Kuhn E and Kuhn R
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
Pamm Seago-Peterlin
Century 21 Seago
List Price
$519,500
Sold Price
$524,500
Premium/Discount to List
$5,000
0.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.94%

Purchase Details

Closed on
Dec 16, 2013
Sold by
Falcon Estates #3 Llc
Bought by
Erb Lyle Condie and Hansen Jon L

Purchase Details

Closed on
Sep 9, 2010
Sold by
Jones Ronald R
Bought by
Falcon Estates #3 Llc

Purchase Details

Closed on
Jul 30, 2010
Sold by
Bellerose John
Bought by
Jones Ronald R and Jones Carol M

Purchase Details

Closed on
Oct 30, 2006
Sold by
Big Investments 01 Llc
Bought by
Bellerose John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
12.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2006
Sold by
Big Investments 01 Llc
Bought by
Big Investments 01 Llc and Bellerose John
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
Mckeon John $1,000,000 First American Title
Alan And Rebecca Kuhn Trust $870,900 None Listed On Document
Community Builders A Inc $998,000 First American Title
Kuhn Kuhn E $524,500 Pioneer Title Agency Inc
Erb Lyle Condie $345,000 Stewart Title & Trust Of Pho
Falcon Estates #3 Llc -- Accommodation
Jones Ronald R $267,251 Great American Title Agency
Bellerose John -- Camelback Title Agency Llc
Big Investments 01 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeon John $950,000
Previous Owner Community Builders A Inc $790,000
Previous Owner Bellerose John $500,000
Previous Owner Bellerose John $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2024 06/03/24 Sold $1,000,000 +0.2% $408 / Sq Ft
04/13/2024 04/13/24 For Sale $997,700 0.0% $407 / Sq Ft
12/01/2020 12/01/20 Rented $1,350 0.0% --
11/23/2020 11/23/20 Under Contract -- -- --
11/20/2020 11/20/20 Price Changed $1,350 +8.0% $1 / Sq Ft
11/12/2020 11/12/20 For Rent $1,250 0.0% --
07/09/2018 07/09/18 Sold $524,500 +1.0% $214 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $519,500 -- $212 / 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 $3,854 $39,264 -- --
2024 $3,886 $37,394 -- --
2023 $3,886 $61,670 $12,330 $49,340
2022 $3,805 $45,510 $9,100 $36,410
2021 $3,852 $44,510 $8,900 $35,610
2020 $3,802 $44,320 $8,860 $35,460
2019 $3,552 $40,110 $8,020 $32,090
2018 $3,409 $37,500 $7,500 $30,000
2017 $3,307 $31,950 $6,390 $25,560
2016 $3,246 $32,420 $6,480 $25,940
2015 $3,051 $32,500 $6,500 $26,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6691371

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-72-076