NOT LISTED FOR SALE

Estimated Value: $375,454 - $623,000

2 Beds
3 Baths
826 Sq Ft
$608/Sq Ft Est. Value

Last Sold November 24, 2015

Last sale price $186,500 $226 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $2,761/month

9 Days on Market

Highlights

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

About This Home

As of November 2015

Great opportunity to purchase a Triplex in Greenfield Estates. Block construction with courtyard entry. All three units are currently rented. All units are in very good condition. Two were remodeled in the past 24 months. New roof in 2012. New security doors. New coach lights. [Drive by only. Do not disturb tenants. Access will be provided with accepted contract.]

Last Agent to Sell the Property

David Mawyer

Arizona Best Real Estate License #BR543797000 Listed on: 10/19/2015

Arizona Best Real Estate

Co-Listed By

Dory Mawyer

Arizona Best Real Estate License #BR552132000

Last Buyer's Agent

Louie Carmona

Gentry Real Estate License #SA653084000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,197

Year Built

  • Built in 1980

Lot Details

  • 9,278

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 105
  • Assessor Parcel Number 140-15-117

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9271
  • Greenfield Estates Subdivision

Building Details

  • Operating Expense $9,830
  • Gross Income $23,220
  • Net Operating Income $14,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,197

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University and Greenfield
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: [M-H] MULTI-FAM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1900.0
  • Co List Office Mls Id: dmrg01
  • Co List Office Phone: 602-793-7314
  • Subdivision Name: GREENFIELD ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 936.0
  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Entz Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 9271
  • Additional Parcels: No
  • Parcel #: 140-15-117

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 23220.0
  • Insurance Expense: 1047.0
  • Maintenance Expense: 1350.0
  • Property Net Operating Income: 14587.0
  • Annual Operating Expense: 9830.0

Tax Info

  • Tax Annual Amount: 1197.0
  • Tax Book Number: 140.00
  • Tax Lot: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2015
Closed on
Oct 28, 2015
Sold by
Dne Llc
Bought by
Caballero Triplex Llc
Seller's Agent
David Mawyer
Arizona Best Real Estate
Buyer's Agent
Louie Carmona
Gentry Real Estate
List Price
$199,900
Sold Price
$186,500
Premium/Discount to List
-$13,400
-6.7%
Current Estimated Value
$503,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,302
Avg. Annual Appreciation
10.27%

Purchase Details

Closed on
Nov 8, 2011
Sold by
Ramirez Gabriel and Ramirez Luz Marie
Bought by
Dne Llc

Purchase Details

Closed on
May 26, 2005
Sold by
Brown Charles A and Brown Betty J
Bought by
Ramirez Gabriel and Ramirez Luz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 1998
Sold by
Olmstead Robert P and Olmstead Holly
Bought by
Brown Charles A and Brown Betty J

Purchase Details

Closed on
Apr 29, 1996
Sold by
Freund John R and Freund Sherry R
Bought by
Olmstead Robert P and Olmstead Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.8%
Mortgage Type
New Conventional
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
Caballero Triplex Llc $186,500 First American Title Ins Co
Dne Llc $108,000 Security Title Agency
Ramirez Gabriel $285,000 --
Brown Charles A -- Security Title Agency
Olmstead Robert P $100,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Gabriel $199,500
Previous Owner Olmstead Robert P $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2015 11/24/15 Sold $186,500 -6.7% $226 / Sq Ft
10/27/2015 10/27/15 Pending -- -- --
10/18/2015 10/18/15 For Sale $199,900 -- $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 $1,529 $15,070 -- --
2024 $1,533 $14,352 -- --
2023 $1,533 $38,050 $7,610 $30,440
2022 $1,502 $29,480 $5,890 $23,590
2021 $1,513 $24,500 $4,900 $19,600
2020 $1,493 $22,450 $4,490 $17,960
2019 $1,397 $18,100 $3,620 $14,480
2018 $1,339 $17,150 $3,430 $13,720
2017 $1,300 $14,810 $2,960 $11,850
2016 $1,270 $14,100 $2,820 $11,280
2015 $1,197 $12,570 $2,510 $10,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5350733

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-117