NOT LISTED FOR SALE

4525 E Contessa St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $475,967 - $619,000

Studio
-- Bath
3,007 Sq Ft
$188/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $215,000 $71 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $3,075/month

230 Days on Market

Highlights

  • Multiple cooling system units
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of September 2014

Drive by only. Tenants Rights

Last Agent to Sell the Property

Todd Ford

Berkshire Hathaway HomeServices Arizona Properties License #SA543161000 Listed on: 01/01/2014

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Jose Munoz

DPR Realty LLC License #SA530866000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,153

Year Built

  • Built in 1980

Lot Details

  • 10,846

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

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

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Tax Lot 22
  • Assessor Parcel Number 140-15-034

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10858 sq ft
  • Greenfield Estates Unit 1 Subdivision

Building Details

  • Operating Expense $7,278
  • Gross Income $22,088
  • Net Operating Income $18,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,153

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Greenfield/University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: multi family
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 1500.0
  • Subdivision Name: Greenfield Estates Unit 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2850.0

Schools

  • Elementary School: Entz Elementary School
  • High School: Red Mountain High School
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 10858 sq ft
  • Additional Parcels: No
  • Parcel #: 140-15-034

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 400.0
  • Annual Gross Income: 22087.5
  • Insurance Expense: 1375.0
  • Property Net Operating Income: 18655.0
  • Annual Operating Expense: 7278.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1153.0
  • Tax Book Number: 140.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2014
Closed on
Sep 25, 2014
Sold by
Merchent Richard Kelly and Merchent Joan Marie
Bought by
Garcia Rogelio
Seller's Agent
Todd Ford
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Jose Munoz
DPR Realty LLC
List Price
$229,000
Sold Price
$215,000
Premium/Discount to List
-$14,000
-6.11%
Current Estimated Value
$563,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,992
Avg. Annual Appreciation
8.88%
Original Mortgage
$161,250
Outstanding Balance
$123,576
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$440,416

Purchase Details

Closed on
Oct 5, 2007
Sold by
Merchant Richard Kelly and Merchant Joan Marie
Bought by
K & J Properties Llc

Purchase Details

Closed on
May 7, 2007
Sold by
Nadolski Richard and Nadolski Richard Gary
Bought by
Merchent Richard K and Merchent Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2004
Sold by
Ameriplex Llc
Bought by
Nadolski Richard and Nadolski Richard Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,900
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2003
Sold by
Price Walter and Price Joann
Bought by
Ameriplex Llc

Purchase Details

Closed on
Jan 16, 2003
Sold by
Smith Alice Althea
Bought by
Price Walter and Price Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1998
Sold by
Smith Alice A
Bought by
Alice Althea Smith Family Trust

Purchase Details

Closed on
Oct 28, 1996
Sold by
Ford Alan E and Ford Olga L
Bought by
Smith Alice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,456
Interest Rate
8.11%
Mortgage Type
FHA
Source: Public Records
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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
Garcia Rogelio $215,000 Empire West Title Agency
K & J Properties Llc -- None Available
Merchent Richard K $308,000 Arizona Title Agency Inc
Nadolski Richard $264,900 Capital Title Agency Inc
Ameriplex Llc -- --
Price Walter $215,000 First American Title Ins Co
Alice Althea Smith Family Trust -- --
Smith Alice A $119,650 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Rogelio $161,250
Previous Owner Merchent Richard K $231,000
Previous Owner Nadolski Richard $211,900
Previous Owner Price Walter $172,000
Previous Owner Smith Alice A $118,456
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $215,000 -6.1% $71 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
12/31/2013 12/31/13 For Sale $229,000 -- $76 / 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 $1,758 $17,309 -- --
2024 $1,763 $16,485 -- --
2023 $1,763 $45,850 $9,170 $36,680
2022 $1,727 $34,880 $6,970 $27,910
2021 $1,740 $29,200 $5,840 $23,360
2020 $1,716 $26,920 $5,380 $21,540
2019 $1,606 $21,630 $4,320 $17,310
2018 $1,539 $20,560 $4,110 $16,450
2017 $1,494 $16,960 $3,390 $13,570
2016 $1,466 $16,250 $3,250 $13,000
2015 $1,375 $14,180 $2,830 $11,350
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Todd Ford

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 242-2224

    8 Total Sales

    Todd Ford
    Section Image

  • J

    Buyer's Agent in 2014

    Jose Munoz

    DPR Realty

    (480) 628-7637

    2 in this area

    36 Total Sales

    Jose Munoz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5047224

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-034

Arizona Maricopa County Mesa 85205 Central Mesa East

4525 E Contessa St, 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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