NOT LISTED FOR SALE

Estimated Value: $537,516 - $616,000

6 Beds
-- Bath
2,479 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $581,000 $234 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,123/month

5 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2022

Excellent Opportunity! Fully occupied triplex in fantastic East Mesa location in a highly desired Multi-Family area w/parks down the street. Professionally managed, Block built w/low maintenance desert landscaping, this well-maintained triplex offers 3 covered parking spaces and onsite laundry room. Two units have private, fenced backyards. One unit has a new AC unit (April 2021), and 8 brand new window blinds recently installed throughout the three units (2022). Tenants pay their own electric; owner pays water & trash. No HOA. Leases coming up for renewal soon making this perfect timing for your desired options. All long-term tenants. Please do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Helen Lufkin

Opulent Real Estate Group License #SA636966000 Listed on: 04/21/2022

Last Buyer's Agent

Arnold Bedak

Real Broker License #SA655253000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1980

Lot Details

  • 9,322

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 106
  • Assessor Parcel Number 140-15-118

Community Details

Overview

  • 3 Units
  • Building Dimensions are 134 X 70
  • Greenfield Estates Unit 1 Subdivision

Building Details

  • Operating Expense $4,114
  • Gross Income $21,770
  • Net Operating Income $19,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,434

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University and Greenfield
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: 0330
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1441.43
  • Subdivision Name: GREENFIELD ESTATES UNIT 1
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Vinyl, Concrete
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Free, >1 Space Per Unit, On Street, Carport
  • 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 Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 134 X 70
  • Additional Parcels: No
  • Parcel #: 140-15-118

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 21769.5
  • Maintenance Expense: 355.0
  • Property Net Operating Income: 19089.92
  • Annual Operating Expense: 4113.58

Tax Info

  • Tax Annual Amount: 1434.0
  • Tax Book Number: 140.00
  • Tax Lot: 106

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 13, 2022
Sold by
Cobalt Unlimited Llc
Bought by
Nelson Neil K
Seller's Agent
Helen Lufkin
Opulent Real Estate Group
Buyer's Agent
Arnold Bedak
Real Broker
List Price
$565,000
Sold Price
$581,000
Premium/Discount to List
$16,000
2.83%
Current Estimated Value
$574,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,871
Avg. Annual Appreciation
-0.32%
Original Mortgage
$431,250
Outstanding Balance
$409,861
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$164,268

Purchase Details

Listed on
Mar 20, 2021
Closed on
Apr 6, 2021
Sold by
Pradhan Mona R and Mona R Pradhan Revocable Trust
Bought by
Cobalt Unlimited Llc
Seller's Agent
Tim Hundelt
Russ Lyon Sotheby's International Realty
Buyer's Agent
Beth Steil
RE/MAX Excalibur
List Price
$390,000
Sold Price
$451,000
Premium/Discount to List
$61,000
15.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.89%

Purchase Details

Closed on
Aug 4, 2015
Sold by
Pradhan Mona R
Bought by
Pradhan Mona R and Mona R Pradhan Revocable Trust

Purchase Details

Closed on
Jul 20, 2015
Sold by
Pradhan Mona R
Bought by
Pradhan Mona R

Purchase Details

Closed on
Jan 9, 2006
Sold by
Ganji Ramsin J and Ganji Denise L
Bought by
Pradhan Mona R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
10.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
Marques Paul W and Marques Ethel M
Bought by
Ganji Ramsin J and Ganji Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2003
Sold by
Vanvanngo Thuong Van and Ngo My Ngoc
Bought by
Marques Paul and Marques Ethel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2002
Sold by
Konkel Charles R and Konkel Betty Jane
Bought by
Vanngo Thuong and Ngo My Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 1999
Sold by
Doyle Richard F
Bought by
Konkel Charles R and Konkel Betty Jane
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
Nelson Neil K $581,000 Premier Title
Cobalt Unlimited Llc $451,000 Fidelity Natl Ttl Agcy Inc
Pradhan Mona R -- None Available
Pradhan Mona R -- None Available
Pradhan Mona R -- None Available
Pradhan Mona R $304,500 Stewart Title & Trust Of Pho
Ganji Ramsin J $250,000 Fidelity National Title
Marques Paul $187,000 Security Title Agency
Vanngo Thuong $180,000 Security Title Agency
Konkel Charles R $133,500 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Neil K $431,250
Previous Owner Pradhan Mona R $55,000
Previous Owner Ganji Ramsin J $200,000
Previous Owner Marques Paul $147,000
Previous Owner Vanngo Thuong $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2022 05/17/22 Sold $581,000 +2.8% $234 / Sq Ft
04/21/2022 04/21/22 For Sale $565,000 +25.3% $228 / Sq Ft
04/09/2021 04/09/21 Sold $451,000 +4.9% $182 / Sq Ft View Prior Sale
03/23/2021 03/23/21 Price Changed $430,000 +10.3% $173 / Sq Ft
03/21/2021 03/21/21 For Sale $390,000 -13.5% $157 / Sq Ft
03/21/2021 03/21/21 Off Market $451,000 -- --
03/20/2021 03/20/21 For Sale $390,000 -- $157 / 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 $1,449 $14,261 -- --
2024 $1,453 $13,582 -- --
2023 $1,453 $37,130 $7,420 $29,710
2022 $1,424 $28,780 $5,750 $23,030
2021 $1,434 $23,910 $4,780 $19,130
2020 $1,414 $21,910 $4,380 $17,530
2019 $1,324 $17,280 $3,450 $13,830
2018 $1,269 $16,170 $3,230 $12,940
2017 $1,232 $13,970 $2,790 $11,180
2016 $1,208 $13,280 $2,650 $10,630
2015 $1,134 $12,020 $2,400 $9,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6387400

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-118