NOT LISTED FOR SALE

4423 E Mclellan Rd Unit 118 Mesa, AZ 85205

Estimated Value: $915,000 - $1,063,776

-- Bed
2 Baths
1,200 Sq Ft
$845/Sq Ft Est. Value

Last Sold March 31, 2019

Last sale price $545,000 $454 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,838/month

7 Days on Market

Highlights

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

About This Home

As of March 2019

Newer Nicer Upscale Fourplex, All 3 Bedroom, 2 Bath Units. 1225 Square Feet Each. Built in 2005. Pool and Recreational Area within a few Feet of Each Unit. Located in the Falcon District With Lots of Shopping, Restaurants and Major Employers. In Addition Within Just a Few Minutes to the 202 Freeway. All Facts and Figures Are Approximate, Buyer to Verify to Their Satisfaction. Note: Potential Rent Upside as These are Large Units.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 02/15/2019

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Ryan Swan

HomeSmart License #SA661174000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,409

Year Built

  • Built in 2005

Lot Details

  • 3,093

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • Tax Lot 5
  • Assessor Parcel Number 141-72-078

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3085 sq ft
  • Falcon Estates Fourplex Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $15,697
  • Gross Income $43,592
  • Net Operating Income $27,738

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,409

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: GREENFIELD AND MCKELLIPS
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 2005
  • Tax Year: 2018
  • Directions: South on Greenfield to Mclellan
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2988.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: FALCON ESTATES FOURPLEX SUBDIVISION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: 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

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Play Area: Yes

Lot Info

  • Lot Size: 3085 sq ft
  • Additional Parcels: No
  • Parcel #: 141-72-078

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 43591.8
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 27738.0
  • Annual Operating Expense: 15697.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3409.0
  • Tax Book Number: 141.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2025
Sold by
Haghighiabyaneh Mina and Sabet Mina
Bought by
Amols Living Trust and Amols
Current Estimated Value
$1,014,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Outstanding Balance
$782,135
Interest Rate
6.14%
Mortgage Type
New Conventional
Estimated Equity
$241,161

Purchase Details

Listed on
Feb 15, 2019
Closed on
Mar 13, 2019
Sold by
Galli Daniel A and Diamond Margaret Mary
Bought by
Haghighabyaneh Mina and Sabet Amin
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$345,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 24, 2014
Sold by
Diamond Margaret M
Bought by
Diamond Margaret Levi and Family Living Trust Of Margaret Levi Dia

Purchase Details

Closed on
Jun 22, 2006
Sold by
Big Investments 01 Llc
Bought by
Galli Daniel A and Diamond Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.57%
Mortgage Type
New Conventional
Source: Public Records

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
Amols Living Trust $1,050,000 Landmark Title
Haghighabyaneh Mina $545,000 Magnus Title Agency Llc
Diamond Margaret Levi -- None Available
Galli Daniel A $725,000 Camelback Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amols Living Trust $787,500
Previous Owner Haghighabyaneh Mina $345,000
Previous Owner Galli Daniel A $401,300
Previous Owner Galli Daniel A $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2019 03/31/19 Sold $545,000 -0.9% $454 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $550,000 +0.9% $458 / Sq Ft
02/16/2019 02/16/19 Off Market $545,000 -- --
02/15/2019 02/15/19 For Sale $550,000 -- $458 / 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

  • Steve Fowler

    Seller's Agent in 2019

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    66 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2019

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    37 Total Sales

    Steven Cvetanovich
    Section Image
  • Ryan Swan

    Buyer's Agent in 2019

    Ryan Swan

    HomeSmart

    (602) 733-5455

    54 Total Sales

    Ryan Swan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5884141

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-72-078

Arizona Maricopa County Mesa 85205

4423 E Mclellan Rd Unit 118, Mesa, AZ

This home is located at 4423 E Mclellan Rd Unit 118, Mesa, AZ 85205 since 15 February 2019 and is currently estimated at $1,014,444, approximately $845 per square foot. This property was built in 2005. 4423 E Mclellan Rd Unit 118 is a home located in Maricopa County with nearby schools including Bush Elementary School, Franklin at Brimhall 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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