NOT LISTED FOR SALE

Estimated Value: $549,000 - $662,000

-- Bed
-- Bath
2,678 Sq Ft
$224/Sq Ft Est. Value

Last Sold August 11, 2016

Last sale price $240,000 $90 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $3,295/month

10 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2016

Great investment opportunity in popular rental area in Mesa. This unit stands apart from everything around it and pride of ownership is obvious as soon as you drive up. Upgraded 3 plex with all 2 bedroom units. Recent exterior paint, flooring and bathroom upgrades. This complex has had virtually zero vacancy over current owner’s time of ownership. All ongoing maintenance issues have been handled and there is virtually no deferred maintenance. Come take a look at this one today and get in on a great turn-key, fully occupied investment opportunity!

Last Agent to Sell the Property

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000 Listed on: 06/17/2016

Keller Williams Realty East Valley

Co-Listed By

Edward Mathot Jr.

Real Estate 48 License #SA644015000

Last Buyer's Agent

Diana Lefebvre

West USA Realty License #SA580587000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,148

Year Built

  • Built in 1983

Lot Details

  • 9,322

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

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

Schools

  • O'connor Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 141
  • Assessor Parcel Number 140-15-154

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr
  • Greenfield Estates Unit 2 Lot 108 258 Subdivision

Building Details

  • Operating Expense $5,731
  • Gross Income $21,090
  • Net Operating Income $16,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,148

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: University & Greenfield
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MF-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: kwevt01
  • Co List Office Phone: 480-839-6600
  • Subdivision Name: GREENFIELD ESTATES UNIT 2 LOT 108-258
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Common
  • 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:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 479.0
  • Annual Water Sewer Expense: 959.0

Schools

  • Elementary School: O'Connor Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 140-15-154

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 21090.0
  • Insurance Expense: 1579.0
  • Maintenance Expense: 666.0
  • Property Net Operating Income: 16507.0
  • Annual Operating Expense: 5731.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1148.0
  • Tax Book Number: 140.00
  • Tax Lot: 141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2021
Sold by
Johnston Walter B
Bought by
Ecurb Ii Llc
Current Estimated Value
$600,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Outstanding Balance
$364,949
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$236,025

Purchase Details

Closed on
Oct 22, 2021
Sold by
Scott Dean and Hoffman Virginia M
Bought by
Johnston Walter B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Outstanding Balance
$364,949
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$236,025

Purchase Details

Listed on
Jun 17, 2016
Closed on
Aug 4, 2016
Sold by
Tseko Llc
Bought by
Scott Dean and Hoffman Virginia M
Seller's Agent
Hani Aldulaimi
Keller Williams Realty East Valley
Buyer's Agent
Diana Lefebvre
West USA Realty
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.39%
Original Mortgage
$171,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2015
Sold by
Tseko Ryan D
Bought by
Tseko Llc

Purchase Details

Closed on
Aug 18, 2014
Sold by
Tseko Llc
Bought by
Tseko Ryan D

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
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2012
Sold by
Tseko Ryan D
Bought by
Tseko Llc

Purchase Details

Closed on
Oct 21, 2011
Sold by
Federal National Mortgage Association
Bought by
Tseko Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2011
Sold by
Rogness Richard R and Rogness Jennifer M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 17, 2008
Sold by
Rogness Richard R
Bought by
Rogness Jennifer M

Purchase Details

Closed on
Aug 27, 1998
Sold by
White James B
Bought by
Rogness Richard R and Rogness Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,450
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 1997
Sold by
Nolan Debra
Bought by
White James B

Purchase Details

Closed on
Jan 27, 1995
Sold by
White James
Bought by
Nolan Debra
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ecurb Ii Llc -- Accommodation
Johnston Walter B $570,000 Premier Title Agency
Scott Dean $241,000 Infinity Title Agency
Tseko Llc -- Accommodation
Tseko Ryan D -- Great Amer Title Agency Inc
Tseko Llc -- Old Republic Title Company
Tseko Ryan -- Servicelink
Federal National Mortgage Association $110,248 First American Title
Rogness Jennifer M -- None Available
Rogness Richard R $129,400 Security Title Agency
White James B -- --
Nolan Debra -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Walter B $399,000
Previous Owner Scott Dean $171,000
Previous Owner Tseko Ryan D $147,000
Previous Owner Tseko Ryan $82,500
Previous Owner Rogness Richard R $116,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2016 08/11/16 Sold $240,000 -4.0% $90 / Sq Ft
06/29/2016 06/29/16 Price Changed $250,000 0.0% $93 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/17/2016 06/17/16 For Sale $250,000 0.0% $93 / Sq Ft
07/01/2013 07/01/13 Rented $650 0.0% --
06/22/2013 06/22/13 Under Contract -- -- --
05/24/2013 05/24/13 For Rent $650 -- --
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 $1,468 $14,449 -- --
2024 $1,472 $13,761 -- --
2023 $1,472 $40,260 $8,050 $32,210
2022 $1,442 $31,130 $6,220 $24,910
2021 $1,452 $25,800 $5,160 $20,640
2020 $1,433 $23,720 $4,740 $18,980
2019 $1,341 $19,130 $3,820 $15,310
2018 $1,285 $18,230 $3,640 $14,590
2017 $1,248 $14,960 $2,990 $11,970
2016 $1,219 $14,300 $2,860 $11,440
2015 $1,148 $12,330 $2,460 $9,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5459067

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-154