NOT LISTED FOR SALE

Estimated Value: $496,203 - $666,000

4 Beds
3 Baths
1,204 Sq Ft
$476/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $449,000 $373 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,401/month

14 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2021

This property is fantastic! There are no shared walls between units! It is basically 3 homes with a shared roof. Two of the units are 1 bedroom /1 bath and there is a 2 bedroom/1 bath unit. All three tenants have been there for 3+ years. Individually metered for Gas, Trash and Electricity. I have all the utilities in my name and the the tenants reimburse me each month for all utilities. Each unit has its own carport and there is enough parking to park 2-3 more vehicles. Walking distance to downtown Mesa and the light rail. This parcel owns the laundry room and it generates $70-$80 per month. It has its own electric meter and could be a 4th unit with city approval.

Last Listed By

Chad Cluff

Cluff Real Estate LLC License #BR567582000 Listed on: 04/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,011

Year Built

  • Built in 1956

Lot Details

  • 10,454

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for landscaping
  • Tax Lot 27
  • Assessor Parcel Number 139-23-094-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 150.47x69.51
  • Stewarts South East Mesa Addition Subdivision

Building Details

  • Operating Expense $3,011
  • Gross Income $30,311
  • Net Operating Income $30,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,011

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Broadway and Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 2
  • Year Built: 1956
  • Tax Year: 2020
  • Directions: East on Broadway from Mesa Drive. South on Hobson to property on East side of road.
  • Road Surface Type: Gravel
  • Subdivision Name: STEWARTS SOUTH-EAST MESA ADDITION
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 150.47x69.51
  • Additional Parcels: No
  • Parcel #: 139-23-094-A

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 30310.56
  • Insurance Expense: 800.0
  • Property Net Operating Income: 30310.56
  • Annual Operating Expense: 3011.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1011.0
  • Tax Book Number: 139.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jun 1, 2021
Sold by
Biggs Brittany A and Cluff Chad E
Bought by
Ndtco
Seller's Agent
Chad Cluff
Cluff Real Estate LLC
Buyer's Agent
Michael Bennett
ATLAS AZ, LLC
List Price
$449,000
Sold Price
$449,000
Total Days on Market
14
Current Estimated Value
$598,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,203
Avg. Annual Appreciation
6.46%
Original Mortgage
$291,850
Outstanding Balance
$271,378
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$302,173

Purchase Details

Closed on
Dec 29, 2017
Sold by
Renovar Llc
Bought by
Biggs Brittany A and Cluff Chad E

Purchase Details

Closed on
Jan 17, 2017
Sold by
Geld Investments Llc
Bought by
Renovar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2010
Sold by
Aurora Loan Services Llc
Bought by
Brown Darryl I and Vhay Erica K

Purchase Details

Closed on
Nov 16, 2009
Sold by
Fumbarg Daniel H
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 29, 2008
Sold by
Camelus Llc
Bought by
Fumbarg Daniel H

Purchase Details

Closed on
Jul 15, 2008
Sold by
Fumbarg Daniel H
Bought by
Camelus Llc

Purchase Details

Closed on
Apr 15, 2005
Sold by
Nimis Amelia Sandra
Bought by
Fumbarg Daniel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2003
Sold by
Barraza Adrian and Barraza Lupe
Bought by
Fritz Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.95%
Mortgage Type
New Conventional

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
Ndtco $449,000 First Integrity Ttl Agcy Of
Biggs Brittany A -- None Available
Renovar Llc $135,000 First Arizona Title Agency
Brown Darryl I $71,000 Security Title Agency
Aurora Loan Services Llc $203,864 Accommodation
Fumbarg Daniel H -- None Available
Camelus Llc -- None Available
Fumbarg Daniel H -- Stewart Title & Trust Of Pho
Fumbarg Daniel H $235,000 Stewart Title & Trust Of Pho
Fritz Catherine $150,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndtco $291,850
Previous Owner Biggs Brittany A $126,000
Previous Owner Renovar Llc $135,000
Previous Owner Fumbarg Daniel H $188,000
Previous Owner Fritz Catherine $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $449,000 0.0% $373 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $449,000 -- $373 / 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 $1,025 $10,447 -- --
2024 $1,034 $9,949 -- --
2023 $1,034 $47,220 $9,440 $37,780
2022 $1,012 $32,620 $6,520 $26,100
2021 $1,025 $26,230 $5,240 $20,990
2020 $1,011 $24,150 $4,830 $19,320
2019 $945 $20,450 $4,090 $16,360
2018 $907 $16,550 $2,770 $13,780
2017 $880 $13,810 $2,310 $11,500
2016 $864 $13,080 $2,190 $10,890
2015 $812 $12,930 $2,580 $10,350
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6217074

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-23-094A