NOT LISTED FOR SALE

4608 E Caballero St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $542,000 - $674,000

-- Bed
-- Bath
2,479 Sq Ft
$242/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $605,000 $244 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,470/month

3 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2023

**Multiple Offers Rec'd** Slump block constructed triplex on a corner lot with three, 2BR/1BA units, covered parking, with two of the units offering block fenced yards. Month-to-month tenants in place on all three units, and has an established rental history for the past 18-years. Tenants currently paying under market rent, offering you the opportunity to increase income either as-is or if you choose to renovate/improve further. Great E Mesa location between US-60 and Loop 202 freeways. Excellent investment opportunity! No sign on property - please do not disturb tenants.

Last Listed By

Jenn Newman

The Brokery License #BR671655000 Listed on: 06/07/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,519

Year Built

  • Built in 1980

Lot Details

  • 9,975

Home Design

  • Composition Roof

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 104
  • Assessor Parcel Number 140-15-116

Community Details

Overview

  • 3 Units
  • Building Dimensions are 75 x 134
  • Greenfield Estates Unit 1 Subdivision

Building Details

  • Operating Expense $11,016
  • Gross Income $30,000
  • Net Operating Income $6,509

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,519

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University & Greenfield
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2022
  • Directions: East on University, North on Quinn, on the corner of Quinn & Caballero
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENFIELD ESTATES UNIT 1
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 3650.0

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: 75 x 134
  • Additional Parcels: No
  • Parcel #: 140-15-116

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 30000.0
  • Insurance Expense: 1876.0
  • Maintenance Expense: 2696.0
  • Property Net Operating Income: 6509.0
  • Annual Operating Expense: 11016.0

Tax Info

  • Tax Annual Amount: 1519.0
  • Tax Book Number: 140.00
  • Tax Lot: 104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2007
Sold by
Blake Lois Sturtevant and Blake Louis Sturtevant
Bought by
Blake Richard M and Blake Lois Sturtevant
Total Days on Market
3
Current Estimated Value
$599,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 16, 2005
Sold by
Blake Richard
Bought by
Blake Lois Sturtevant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,500
Interest Rate
6.31%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 1, 2005
Sold by
Cates Emma Jean and Meyers Emma Jean
Bought by
Blake Richard and Blake Louis Sturtevant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,500
Interest Rate
6.31%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 25, 2002
Sold by
Cates Ray and Cates Susan
Bought by
Cates Emma Jean and Cates Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
6.6%

Purchase Details

Closed on
Sep 18, 1998
Sold by
Olmstead Robert and Olmstead Holly
Bought by
Cates Ray and Cates Shirly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.61%
Mortgage Type
New Conventional

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
Blake Richard M -- Title Source Inc
Blake Lois Sturtevant -- Transnation Title
Blake Richard -- Transnation Title
Cates Emma Jean -- North American Title Co
Cates Ray $125,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake Lois Sturtevant $200,000
Closed Blake Lois Sturtevant $210,825
Closed Blake Richard M $220,500
Closed Blake Lois Sturtevant $204,500
Previous Owner Cates Ray M $15,000
Previous Owner Cates Emma Jean $128,500
Previous Owner Cates Ray $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $605,000 +1.0% $244 / Sq Ft
06/11/2023 06/11/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $599,000 -- $242 / 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 $1,538 $15,202 -- --
2024 $1,550 $14,478 -- --
2023 $1,550 $38,360 $7,670 $30,690
2022 $1,519 $29,720 $5,940 $23,780
2021 $1,530 $24,750 $4,950 $19,800
2020 $1,509 $22,670 $4,530 $18,140
2019 $1,412 $18,220 $3,640 $14,580
2018 $1,353 $17,250 $3,450 $13,800
2017 $1,314 $14,900 $2,980 $11,920
2016 $1,284 $14,210 $2,840 $11,370
2015 $1,209 $12,650 $2,530 $10,120
Source: Public Records

Agents Affiliated with this Home

  • Jenn Newman

    Seller's Agent in 2023

    Jenn Newman

    The Brokery

    (480) 568-8680

    2 in this area

    83 Total Sales

    Jenn Newman
    Section Image

  • C

    Buyer's Agent in 2023

    Colton Aurich

    City to City Commercial

    (480) 984-4999

    3 in this area

    27 Total Sales

    Colton Aurich
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6565839

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-116

Arizona Maricopa County Mesa 85205 Central Mesa East

4608 E Caballero St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 4608 E Caballero St, Mesa, AZ 85205 since 07 June 2023 and is currently estimated at $599,858, approximately $241 per square foot. This property was built in 1980. 4608 E Caballero St is a home located in Maricopa County with nearby schools including O'Connor Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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