NOT LISTED FOR SALE

Estimated Value: $401,000 - $466,000

Studio
-- Bath
1,645 Sq Ft
$265/Sq Ft Est. Value

Last Sold July 09, 2015

Last sale price $155,000 $94 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $2,369/month

183 Days on Market

Highlights

  • RV or Boat Parking
  • Central Heating and Cooling System
  • Concrete Flooring
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2015

Excellent Rental Duplex on premium culdesac lot. The exterior has just been freshly painted. Each Unit is 2-bed/1-bath, approximately 820 Sq. Ft., with private covered patios, outside storage, and fenced yards. Each Unit has appliances, a food pantry, and a full size washer dryer hook-up. Both units were thoroughly remodeled in the past to include, light oak kitchen cabinets, new laminate counter-tops, and tile flooring throughout. The current owner also had second water meter installed, so the two Units are separately metered. Tenants pay all utilities. Unit #1 is rented for $620 per month, Unit #2 is rented for $630 per month. Current rents in the area are $675 - $700 per month.

Last Agent to Sell the Property

Francisca Z. Rydlund

1st USA Realty Professionals License #SA022097000 Listed on: 12/03/2014

Last Buyer's Agent

Francisca Z. Rydlund

1st USA Realty Professionals License #SA022097000 Listed on: 12/03/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $729

Year Built

  • Built in 1983

Lot Details

  • 7,797

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • RV or Boat Parking
  • Assigned Parking

Schools

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

Additional Features

  • Concrete Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, water, cable TV
  • Tax Lot 173
  • Assessor Parcel Number 140-15-186

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $729
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$729

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: GREENFIELD AND UNIVERSITY
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV/Boat Parking, Assigned, Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

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 #: 140-15-186

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Water, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 15000.0
  • Annual Operating Expense: 729.0

Tax Info

  • Tax Annual Amount: 729.0
  • Tax Book Number: 140.00
  • Tax Lot: 173

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Mendoza Felipe
Bought by
Felipe Mendoza Trust
Current Estimated Value
$435,366

Purchase Details

Listed on
Dec 3, 2014
Closed on
Jul 8, 2015
Sold by
Fay Timothy G
Bought by
Mendoza Felipe
Seller's Agent
Francisca Z. Rydlund
1st USA Realty Professionals
Buyer's Agent
Francisca Z. Rydlund
1st USA Realty Professionals
List Price
$168,000
Sold Price
$155,000
Premium/Discount to List
-$13,000
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%

Purchase Details

Closed on
Oct 17, 2000
Sold by
Offstein Elaine
Bought by
Fay Timothy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.89%
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
Felipe Mendoza Trust -- --
Mendoza Felipe $155,000 Equity Title Agency Inc
Fay Timothy G $95,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fay Timothy G $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2015 07/09/15 Sold $155,000 -7.7% $94 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
12/03/2014 12/03/14 For Sale $168,000 -- $102 / 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 $1,113 $10,912 -- --
2024 $1,116 $10,392 -- --
2023 $1,116 $29,060 $5,810 $23,250
2022 $1,094 $22,320 $4,460 $17,860
2021 $1,101 $18,560 $3,710 $14,850
2020 $1,085 $16,900 $3,380 $13,520
2019 $1,016 $13,510 $2,700 $10,810
2018 $974 $13,100 $2,620 $10,480
2017 $945 $10,920 $2,180 $8,740
2016 $924 $10,220 $2,040 $8,180
2015 $870 $8,800 $1,760 $7,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5207014

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-186