$240,000
SOLD SEP 11, 2018

461 S Olive Mesa, AZ 85204

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

Recently Sold

$200 Per Sq Ft

32% Below List Price

15 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.HIGH DEMAND.LONG TERM TENANTS. ALL UNITS ARE 2 BEDROOM 1 BATH WITH TILE T/O. NEW DUAL PANE WINDOWS INSTALLED T/O. OWNER IS IN THE PROCESS OF REPLACING 3 HVAC UNITS. ALL UNITS HAVE COVERED PARKING AND EXT STORAGE CLOSET. 30 YEAR ROOF INSTALLED 2010. ALL UNITS ARE INDIVIDUALLY METERED.*** TENANTS PAY ALL UTILITIES*** INCLUDING WATER,SEWER, AND TRASH.PROPERTY HAS IRRIGATION RIGHTS. RENTS ARE 550 AND TENANTS PAY ALL UTILITIES. RENTS ARE BELOW MARKET....
OWNER WILL PROVIDE A HVAC SERVICE REPORT AND REPLACE 3 OF THE 4 UNITS WITH ACCEPTED FULL PRICE OFFER.PICURES DON'T SHOW THE NEW WINDOWS THAT WERE JUST INSTALLED. I WILL UPDATE PICTURES OVER THE WEEKEND.

Last Agent to Sell the Property

Jose Lamboglia

World Class Properties License #SA636342000 Listed on: 08/24/2018

Last Buyer's Agent

Alma Magana

DeLex Realty License #SA582641000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,176

Year Built

  • Built in 1980

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • 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

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • 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 $6,336
  • Gross Income $25,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,176

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: 2017
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • 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 Parking, Assigned, Add'l Parking Avail, Street Parking, Common
  • 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:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric, Central A/C
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • 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
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: 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
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25320.0
  • Insurance Expense: 960.0
  • Maintenance Expense: 3000.0
  • Annual Operating Expense: 6336.0

Tax Info

  • Tax Annual Amount: 1176.0
  • 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%
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
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $600,000 Premier Title
Warranty Deed $340,000 Great American Title Agency
Cash Sale Deed $41,124 Title Management Agency Of A
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $589,132 FHA
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

    5 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: 5806263

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-23-075B

Arizona Maricopa County Mesa 85204 Temple

461 S Olive, Mesa, AZ

This home is located at 461 S Olive, Mesa, AZ 85204 and is currently priced at $240,000, approximately $200 per square foot. 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

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