NOT LISTED FOR SALE

Estimated Value: $599,050 - $801,000

7 Beds
-- Bath
3,247 Sq Ft
$216/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $650,000 $200 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,849/month

22 Days on Market

Highlights

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

About This Home

As of April 2022

Jump on this Mesa value add opportunity! Located in the heart of Mesa, near the revitalization/ beautify Mesa project. This well maintained unit mix with two - 2bedrooms and one rare, very large three bedroom unit! An additional room can be used as a fourth bedroom as laundry room is very large and current tenant is using as 4th bedroom.
Each unit has their own yard and privacy with additional storage. The three bedroom unit has a very large fenced yard and the two bedroom units have fenced patio areas with small private yards. A covered carport for provides plenty of parking.
*No viewing until accepted contract. All facts and figures are approximate and must be verified by buyer.

Last Agent to Sell the Property

Carla Magee

My Home Group Real Estate License #SA685362000 Listed on: 02/18/2022

Last Buyer's Agent

Alexandra Pfannenstiel

My Home Group Real Estate License #BR671778000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,519

Year Built

  • Built in 1985

Lot Details

  • 10,149

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 139-30-083

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irregular
  • Clarkson Manor Subdivision

Building Details

  • Operating Expense $13,719
  • Gross Income $51,300
  • Net Operating Income $40,281

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,519

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr/ Southern
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: North to 8th Ave. East to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2700.0
  • Subdivision Name: CLARKSON MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stone, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: City Electric
  • 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: 1000.0
  • Annual Water Sewer Expense: 2500.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 139-30-083

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 51300.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 40281.0
  • Annual Operating Expense: 13719.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1519.0
  • Tax Book Number: 139.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Apr 8, 2022
Sold by
Lam and Elaine
Bought by
Giles Donnell and Giles Ella B
Seller's Agent
Carla Magee
My Home Group Real Estate
Buyer's Agent
Alexandra Pfannenstiel
My Home Group Real Estate
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$702,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,013
Avg. Annual Appreciation
1.89%
Original Mortgage
$487,500
Outstanding Balance
$462,989
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$230,746

Purchase Details

Listed on
Apr 4, 2017
Closed on
Jul 12, 2017
Sold by
465 E 9Th Ave Llc
Bought by
Lam Richard and Duong Elaine
Seller's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
Buyer's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
List Price
$260,000
Sold Price
$249,000
Premium/Discount to List
-$11,000
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.03%
Original Mortgage
$172,200
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2015
Sold by
Mall Kaushal
Bought by
465 E 9Th Ave Llc

Purchase Details

Listed on
Jan 13, 2015
Closed on
Mar 18, 2015
Sold by
Arizona Sfr Llc
Bought by
Mall Kaushal
Seller's Agent
Troy McNaughton
Gentry Real Estate
Buyer's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
List Price
$189,900
Sold Price
$168,000
Premium/Discount to List
-$21,900
-11.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.37%
Original Mortgage
$117,600
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2009
Sold by
Castro Jose M
Bought by
Arizona Sfr Llc

Purchase Details

Closed on
Jun 2, 2008
Sold by
Castro Jose M
Bought by
Espinal Mayra M

Purchase Details

Closed on
Jun 27, 2005
Sold by
Espinal Mayra M
Bought by
Castro Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2000
Sold by
Russell Susan F
Bought by
Castro Jose M and Espinal Mayra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,796
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 1995
Sold by
Mcdavid Carol J
Bought by
Russell Susan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,750
Interest Rate
7.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 1995
Sold by
Rhoden Frank and Rhoden Fae Sue
Bought by
Mcdavid Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
9.28%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Giles Donnell $650,000 Security Title
Lam Richard $246,000 First American Title Insuran
465 E 9Th Ave Llc -- None Available
Mall Kaushal $168,000 First American Title Ins Co
Arizona Sfr Llc $99,001 None Available
Espinal Mayra M -- None Available
Castro Jose M -- Fidelity National Title
Castro Jose M $152,000 Fidelity National Title
Russell Susan F $88,000 Transamerica Title Ins Co
Mcdavid Carol J $91,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giles Donnell $487,500
Previous Owner Lam Richard $172,200
Previous Owner Mall Kaushal $117,600
Previous Owner Castro Jose M $191,250
Previous Owner Castro Jose M $150,796
Previous Owner Russell Susan F $85,750
Previous Owner Mcdavid Carol J $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $650,000 0.0% $200 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/19/2022 02/19/22 Price Changed $650,000 +3.5% $200 / Sq Ft
02/19/2022 02/19/22 Price Changed $628,000 -3.4% $193 / Sq Ft
02/14/2022 02/14/22 For Sale $650,000 +161.0% $200 / Sq Ft
08/22/2017 08/22/17 Sold $249,000 -0.4% $77 / Sq Ft
08/11/2017 08/11/17 Price Changed $249,987 0.0% $77 / Sq Ft
07/11/2017 07/11/17 Pending -- -- --
07/07/2017 07/07/17 Price Changed $249,987 -3.9% $77 / Sq Ft
05/19/2017 05/19/17 For Sale $260,000 0.0% $80 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $260,000 +54.8% $80 / Sq Ft
03/11/2015 03/11/15 Sold $168,000 -11.5% $52 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $189,900 -- $58 / 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 $1,520 $15,484 -- --
2024 $1,532 $14,747 -- --
2023 $1,532 $52,950 $10,590 $42,360
2022 $1,501 $36,770 $7,350 $29,420
2021 $1,519 $30,670 $6,130 $24,540
2020 $1,499 $28,470 $5,690 $22,780
2019 $1,401 $22,580 $4,510 $18,070
2018 $1,344 $20,480 $4,090 $16,390
2017 $1,304 $18,070 $3,610 $14,460
2016 $1,280 $17,330 $3,460 $13,870
2015 $1,203 $15,160 $3,030 $12,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6357463

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-30-083