NOT LISTED FOR SALE

Estimated Value: $323,000 - $463,000

1 Bed
-- Bath
1,579 Sq Ft
$253/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $156,000 $99 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $2,301/month

55 Days on Market

Highlights

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

About This Home

As of November 2017

DO NOT DISTURB. Tenants in place! Reliable, low-maintenance duplex. Great investment property minutes from ever-expanding downtown Mesa. Convenient to schools & businesses- this will always stay rented!

Last Listed By

Michael McCabe

My Home Group Real Estate License #SA650319000 Listed on: 09/04/2017

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $702

Year Built

  • Built in 1983

Lot Details

  • 6,142

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Lowell Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, electricity
  • The owner pays for water
  • Tax Lot 31
  • Assessor Parcel Number 139-24-176

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0.14 Acres / 6146 sq. ft.
  • Haws Subdivision

Building Details

  • Operating Expense $4,502
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$702

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Duplex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2016
  • Directions: E on Broadway from Mesa Dr S on Lesueur W on 6th Dr Property is on left (S side of street).
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Subdivision Name: Haws
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • 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:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Lowell Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 0.14 Acres / 6146 sq. ft.
  • Additional Parcels: No
  • Parcel #: 139-24-176

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Electricity
  • Number Of Units Total: 2
  • Insurance Expense: 800.0
  • Property Net Operating Income: 1200.0
  • Annual Operating Expense: 4502.0

Tax Info

  • Tax Annual Amount: 702.0
  • Tax Book Number: 139.00
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Vanhorn Mitchell
Bought by
Vanhorn Mitchell W and The Van Horn Landing Trust
Total Days on Market
55
Current Estimated Value
$398,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$87,385
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$311,365

Purchase Details

Closed on
Jun 13, 2018
Sold by
Vh Landing Llc
Bought by
Vanvanhorn Mitchell Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$87,385
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$311,365

Purchase Details

Listed on
Sep 4, 2017
Closed on
Oct 31, 2017
Sold by
1319 W 3Rd Realty Llc
Bought by
Vh Landing Llc
Seller's Agent
Michael McCabe
My Home Group Real Estate
Buyer's Agent
Nicholas Yale
Brokers Hub Realty, LLC
List Price
$165,000
Sold Price
$156,000
Premium/Discount to List
-$9,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.33%

Purchase Details

Closed on
Nov 22, 2016
Sold by
Millennium Trust Co Llc
Bought by
1319 W 3Rd Realty Llc

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
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2011
Sold by
Spencer Carl E and Spencer Saudalia E
Bought by
Millennium Trust

Purchase Details

Closed on
May 18, 2005
Sold by
Spencer Carl E and Spencer Saudalia E
Bought by
Spencer Carl E and Spencer Saudalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,700
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

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
Vanhorn Mitchell W -- None Available
Vanvanhorn Mitchell Van -- First American Title Insuran
Vh Landing Llc $156,000 First American Title Insuran
1319 W 3Rd Realty Llc $145,000 First Arizona Title Agency
Millennium Trust $55,000 Pioneer Title Agency Inc
Spencer Carl E -- Chicago Title Insurance Co
Spencer Carl E -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanvanhorn Mitchell Van $100,000
Previous Owner 1319 W 3Rd Realty Llc $116,000
Previous Owner Spencer Carl E $133,700
Closed Spencer Carl E $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $156,000 -4.2% $99 / Sq Ft
11/20/2017 11/20/17 Price Changed $162,900 0.0% $103 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
10/26/2017 10/26/17 Price Changed $162,900 -1.0% $103 / Sq Ft
10/12/2017 10/12/17 Price Changed $164,500 -0.2% $104 / Sq Ft
09/15/2017 09/15/17 Price Changed $164,900 -0.1% $104 / Sq Ft
09/04/2017 09/04/17 For Sale $165,000 -- $104 / 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 $833 $8,485 -- --
2024 $840 $8,081 -- --
2023 $840 $30,010 $6,000 $24,010
2022 $822 $21,180 $4,230 $16,950
2021 $832 $17,500 $3,500 $14,000
2020 $821 $15,930 $3,180 $12,750
2019 $768 $12,580 $2,510 $10,070
2018 $737 $11,680 $2,330 $9,350
2017 $715 $10,170 $2,030 $8,140
2016 $702 $9,450 $1,890 $7,560
2015 $659 $7,980 $1,590 $6,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5655896

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-176