NOT LISTED FOR SALE

447 S Olive Mesa, AZ 85204

Temple Neighborhood
22 Beds
11 Baths
782 Sq Ft
1977 Built

Last Sold August 03, 2017

Last sale price $890,000 $1,138 Per Sq Ft

59 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2017

Seller is motivated bring your offer's now!!! Fully rented and owned by owner for almost 19 years. Self managed and have been running about 21k expenses a year for the past 9 years in actual numbers. All 2 bedroom one bath units. Single level all block construction. All units have covered parking. Newer roof and all have central air. Seller owned laundry. 451 S Olive included in sale. Rents below market at $650.00 currently. All facts figuers are approximate buyer verify MLS information. Drive by only! Do not disturb tenants unaware of sale.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 04/29/2017

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Norma Millett

HomeSmart License #SA552895000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1977

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 22 Parking Spaces
  • 11 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 139-23-069

Community Details

Overview

  • 2 Buildings
  • 11 Units
  • Building Dimensions are 33,527
  • Lynwood Tract Lots 25 32 Subdivision

Building Details

  • Operating Expense $18,211
  • Gross Income $90,060
  • Net Operating Income $71,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,421

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: Broadway and Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2016
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: LYNWOOD TRACT LOTS 25-32
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 3800.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 33,527
  • Additional Parcels: Yes
  • Parcel #: 139-23-069

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 11
  • Electric Expense: 2000.0
  • Annual Gross Income: 90060.0
  • Insurance Expense: 2397.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 71850.0
  • Annual Operating Expense: 18211.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3421.0
  • Tax Book Number: 139.00
  • Tax Lot: 12
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2017 08/03/17 Sold $890,000 -4.3% $1,138 / Sq Ft
04/28/2017 04/28/17 For Sale $930,000 -- $1,189 / 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 $3,532 $35,796 -- --
2024 $3,542 $34,091 -- --
2023 $3,542 $130,310 $16,990 $113,320
2022 $3,469 $90,600 $11,810 $78,790
2021 $3,511 $73,880 $9,630 $64,250
2020 $3,466 $66,310 $8,650 $57,660
2019 $3,238 $51,710 $6,740 $44,970
2018 $3,108 $47,090 $6,140 $40,950
2017 $3,015 $43,020 $5,610 $37,410
2016 $2,959 $42,490 $5,540 $36,950
2015 $2,781 $38,520 $5,020 $33,500
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    76 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • Norma Millett

    Buyer's Agent in 2017

    Norma Millett

    HomeSmart

    (480) 628-3862

    37 Total Sales

    Norma Millett
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597712

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85204 Temple

447 S Olive, Mesa, AZ

Not Listed for Sale

MultiFamily

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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