NOT LISTED FOR SALE

4516 E Contessa St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $407,242 - $487,000

-- Bed
-- Bath
1,704 Sq Ft
$262/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $315,000 $185 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,453/month

33 Days on Market

Highlights

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

About This Home

As of July 2020

Great Investment property! This duplex will be a perfect addition to any portfolio. With new roof (2019) , new HVAC unit in unit 1 (2019), Exterior just painted in 2019, and new carpeting (2018) in Unit 2, this is a well-maintained property that is a great opportunity. Don't miss it!

Last Agent to Sell the Property

Alisha Anderson

Real Broker License #SA632752000 Listed on: 06/11/2020

Real Broker

Co-Listed By

Paul Anderson

Real Broker License #SA681201000

Last Buyer's Agent

Justin Oubre

eXp Realty License #SA679205000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,028

Year Built

  • Built in 1980

Lot Details

  • 7,797

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Schools

  • O'connor Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 65
  • Assessor Parcel Number 140-15-077

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,810
  • Greenfield Estates Unit 1 Lot 1 107 Tr A Subdivision

Building Details

  • Operating Expense $3,931
  • Gross Income $21,120
  • Net Operating Income $18,217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,028

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University & Greenfield
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Duplex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2019
  • Road Surface Type: Dedicated Street
  • Co List Office Mls Id: wusa04
  • Co List Office Phone: 480-820-3333
  • Subdivision Name: GREENFIELD ESTATES UNIT 1 LOT 1-107 TR A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1520.88

Schools

  • Elementary School: O'Connor Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 7,810
  • Additional Parcels: No
  • Parcel #: 140-15-077

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 21120.0
  • Insurance Expense: 601.92
  • Property Net Operating Income: 18217.2
  • Annual Operating Expense: 3930.8

Tax Info

  • Tax Annual Amount: 1028.0
  • Tax Book Number: 140.00
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jul 12, 2020
Sold by
Ritchie Small Complex Llc
Bought by
Armstrong Roger
Seller's Agent
Alisha Anderson
Real Broker
Buyer's Agent
Justin Oubre
eXp Realty
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$446,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,811
Avg. Annual Appreciation
6.77%
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
Armstrong Roger $315,000 Clear Title Agency Of Az
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $315,000 0.0% $185 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $315,000 0.0% $185 / Sq Ft
06/20/2020 06/20/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $315,000 -- $185 / 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 $1,126 $11,044 -- --
2024 $1,129 $10,518 -- --
2023 $1,129 $29,770 $5,950 $23,820
2022 $1,106 $22,850 $4,570 $18,280
2021 $1,113 $19,000 $3,800 $15,200
2020 $1,098 $17,270 $3,450 $13,820
2019 $1,028 $13,800 $2,760 $11,040
2018 $985 $13,330 $2,660 $10,670
2017 $957 $11,210 $2,240 $8,970
2016 $935 $10,480 $2,090 $8,390
2015 $880 $9,010 $1,800 $7,210
Source: Public Records

Agents Affiliated with this Home

  • Alisha Anderson

    Seller's Agent in 2020

    Alisha Anderson

    Real Broker

    (480) 900-9140

    15 in this area

    298 Total Sales

    Alisha Anderson
    Section Image
  • Paul Anderson

    Seller Co-Listing Agent in 2020

    Paul Anderson

    Real Broker

    (480) 299-4072

    10 in this area

    165 Total Sales

    Paul Anderson
    Section Image
  • Justin Oubre

    Buyer's Agent in 2020

    Justin Oubre

    eXp Realty

    (615) 605-2649

    4 in this area

    89 Total Sales

    Justin Oubre
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6093820

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-077

Arizona Maricopa County Mesa 85205 Central Mesa East

4516 E Contessa St, 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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