NOT LISTED FOR SALE

461 S Olive Mesa, AZ 85204

Temple Neighborhood
-- Bed
-- Bath
1,200 Sq Ft
6,665 Sq Ft Lot

Last Sold January 26, 2023

Last sale price $600,000 $500 Per Sq Ft

130 Days on Market

Highlights

  • Community Playground
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Central Air

About This Home

As of January 2023

Great Investment Opportunity. All Units are 2 bdrms and 1 bath. Newer dual pane windows. 3 out of the 4 HVAC units were replaced. All units have covered parking and exterior storage closets. Roof installed in 2010. All units are individually metered. Tenants pay all utilities. Sold As Is

Last Listed By

Alma Magana

DeLex Realty License #SA582641000 Listed on: 07/28/2022

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1980

Lot Details

  • 6,665

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • Carport
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 16
  • Assessor Parcel Number 139-23-075-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6,675
  • Lynwood Tract Lots 25 32 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $6,770
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,370

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr and Broadway Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2021
  • Directions: East on Broadway past Mesa Dr.,right on Olive, property located on the left(east) side of Olive.
  • Road Surface Type: Concrete
  • Subdivision Name: LYNWOOD TRACT LOTS 25-32
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Assigned, Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

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

Lot Info

  • Lot Size: 6,675
  • Additional Parcels: Yes
  • Parcel #: 139-23-075-B

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 38400.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3000.0
  • Annual Operating Expense: 6770.0

Tax Info

  • Tax Annual Amount: 1370.0
  • Tax Book Number: 139.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Jan 26, 2023
Sold by
Jimenez Amelia H and Jimenez Bernardino
Bought by
Gonzalez Adan M
Seller's Agent
Alma Magana
DeLex Realty
Buyer's Agent
Marco Guerra
West USA Realty
List Price
$649,999
Sold Price
$600,000
Premium/Discount to List
-$49,999
-7.69%
Total Days on Market
130
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Outstanding Balance
$573,780
Interest Rate
6.31%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 24, 2018
Closed on
Sep 7, 2018
Sold by
Miller Paul E and Lamboglia Jose
Bought by
Magana Francisco and Magana Gloria
Seller's Agent
Jose Lamboglia
World Class Properties
Buyer's Agent
Alma Magana
DeLex Realty
List Price
$355,000
Sold Price
$240,000
Premium/Discount to List
-$115,000
-32.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.27%

Purchase Details

Closed on
Jun 21, 2010
Sold by
Miller Paul E
Bought by
Lamboglia Jose

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
Gonzalez Adan M $600,000 Premier Title
Magana Francisco $340,000 Great American Title Agency
Lamboglia Jose $41,124 Title Management Agency Of A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Adan M $589,132
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2023 01/26/23 Sold $600,000 -3.2% $500 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $619,999 -1.6% $517 / Sq Ft
10/24/2022 10/24/22 Price Changed $629,999 -3.1% $525 / Sq Ft
09/20/2022 09/20/22 For Sale $649,999 0.0% $542 / Sq Ft
09/20/2022 09/20/22 Price Changed $649,999 0.0% $542 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $649,999 +170.8% $542 / Sq Ft
09/11/2018 09/11/18 Sold $240,000 -32.4% $200 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $355,000 -- $296 / 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 $137 $1,392 $1,392 --
2024 $138 $1,326 $1,326 --
2023 $138 $4,560 $4,560 $0
2022 $135 $3,080 $3,080 $0
2021 $137 $2,490 $2,490 $0
2020 $135 $2,240 $2,240 $0
2019 $126 $1,780 $1,780 $0
2018 $121 $1,600 $1,600 $0
2017 $117 $1,420 $1,420 $0
2016 $115 $1,340 $1,340 $0
2015 $108 $1,190 $1,190 $0
Source: Public Records

Agents Affiliated with this Home

  • Alma Magana

    Seller's Agent in 2023

    Alma Magana

    DeLex Realty

    (480) 273-9266

    1 in this area

    6 Total Sales

    Alma Magana
    Section Image

  • M

    Buyer's Agent in 2023

    Marco Guerra

    West USA Realty

    (480) 239-0769

    1 in this area

    1 Total Sale

    Marco Guerra
    Section Image
  • Jose Lamboglia

    Seller's Agent in 2018

    Jose Lamboglia

    World Class Properties

    (602) 390-6166

    17 Total Sales

    Jose Lamboglia
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6441566

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-23-075B

Arizona Maricopa County Mesa 85204 Temple

461 S Olive, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 461 S Olive, Mesa, AZ 85204 since 28 July 2022. This property was built in 1980. 461 S Olive is a home located in Maricopa County with nearby schools including Lowell 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