NOT LISTED FOR SALE

50 N May Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $505,261 - $793,000

-- Bed
-- Bath
2,852 Sq Ft
$223/Sq Ft Est. Value

Last Sold March 22, 2012

Last sale price $155,000 $54 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $3,660/month

2 Days on Market

Highlights

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

About This Home

As of March 2012

Traditional Sale - No Short Sale or Bank hassles here! The exterior of the building and landscaping has been renovated. Building has new A/C units. Units 101, 102, and 202 have been remodeled. Unit 201 is currently occupied. All units are 2-bed, 1-bath.

Last Listed By

Jennifer Schrader

Caliber Realty Group, LLC License #BR586300000 Listed on: 01/18/2012

Caliber Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,163

Year Built

  • Built in 1986

Lot Details

  • 8,756

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 32
  • Assessor Parcel Number 135-45-032-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,756 SF
  • La Mesita Subdivision

Building Details

  • Gross Income $24,233
  • Net Operating Income $14,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,163

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Dobson Rd & Main St
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2011
  • Directions: From the 101, East on Main, North on May to Property.
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 1939.0
  • Co List Office Mls Id: calb01
  • Co List Office Phone: 480-295-7600
  • Subdivision Name: LA MESITA
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: BI Oven/Range, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: 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

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3120.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8,756 SF
  • Additional Parcels: No
  • Parcel #: 135-45-032-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 24232.8
  • Insurance Expense: 850.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 14466.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1163.02
  • Tax Book Number: 135.00
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2012
Closed on
Feb 8, 2012
Sold by
Caliber Auction Homes Llc
Bought by
Dang Kenny L and Dang Pamela C
Seller's Agent
Jennifer Schrader
Caliber Realty Group, LLC
Buyer's Agent
Donald (Zach) Fuller
Caliber Realty Group, LLC
List Price
$165,000
Sold Price
$155,000
Premium/Discount to List
-$10,000
-6.06%
Total Days on Market
2
Current Estimated Value
$636,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,065
Avg. Annual Appreciation
10.86%
Original Mortgage
$108,750
Outstanding Balance
$75,670
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$526,351

Purchase Details

Closed on
Oct 14, 2011
Sold by
Federal National Mortgage Association
Bought by
Caliber Auction Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 14, 2010
Sold by
Cueva Aniano I and Cueva Erlinda D
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Mar 7, 2006
Sold by
Cueva Aniano I and Cueva Erlinda D
Bought by
Cueva Aniano I and Cueva Erlinda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.18%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 12, 2005
Sold by
Cueva Aniano and Cueva Erlinda
Bought by
Cueva Aniano I and Cueva Erlinda D

Purchase Details

Closed on
Apr 17, 2003
Sold by
Herlihy George B
Bought by
Cueva Aniano and Cueva Erlinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
5.54%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Dang Kenny L $155,000 Pioneer Title Agency Inc
Caliber Auction Homes Llc $87,500 Security Title Agency
Fannie Mae $188,019 Accommodation
Cueva Aniano I -- None Available
Cueva Aniano I -- --
Cueva Aniano $199,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dang Kenny L $108,750
Previous Owner Caliber Auction Homes Llc $124,000
Previous Owner Cueva Aniano I $183,000
Previous Owner Cueva Aniano $179,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2012 03/22/12 Sold $155,000 -6.1% $54 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $165,000 -- $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 $1,394 $14,204 -- --
2024 $1,406 $13,528 -- --
2023 $1,406 $53,630 $10,720 $42,910
2022 $1,377 $34,910 $6,980 $27,930
2021 $1,393 $27,870 $5,570 $22,300
2020 $1,375 $25,050 $5,010 $20,040
2019 $1,285 $21,370 $4,270 $17,100
2018 $1,233 $17,460 $3,490 $13,970
2017 $1,196 $16,330 $3,260 $13,070
2016 $1,174 $15,650 $3,130 $12,520
2015 $1,104 $13,460 $2,690 $10,770
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jennifer Schrader

    Caliber Realty Group, LLC

    (480) 398-4600

    Jennifer Schrader
    Section Image
  • Lisa Pudewell

    Seller Co-Listing Agent in 2012

    Lisa Pudewell

    Caliber Realty Group, LLC

    (480) 208-3668

    1 in this area

    14 Total Sales

    Lisa Pudewell
    Section Image

  • D

    Buyer's Agent in 2012

    Donald (Zach) Fuller

    Caliber Realty Group, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4703197

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-45-032C

Arizona Maricopa County Mesa 85201 West Main

50 N May, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 50 N May, Mesa, AZ 85201 since 18 January 2012 and is currently estimated at $636,065, approximately $223 per square foot. This property was built in 1986. 50 N May is a home located in Maricopa County with nearby schools including Webster Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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