NOT LISTED FOR SALE

501 E 8th Ave Mesa, AZ 85204

Woodbridge Crossing Neighborhood

Estimated Value: $523,000 - $549,737

3 Beds
-- Bath
1,800 Sq Ft
$299/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $505,000 $281 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,011/month

35 Days on Market

Highlights

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

About This Home

As of February 2023

Three on 8th is an UPDATED triplex in the heart of Mesa. Super close to freeway, light rail and revitalized Mesa. RENOVATED Units, fully rented with one mtm. Rents are 1,400, 1,224 and 850. All two bedroom units, off street parking, back yards and an additional side yard. ROOF and AC less than 3 years old. These units are ready for easy cash flow, no deferred maintenance, super CLEAN inspection report is available upon request. All facts and figures are approximate buyer verify MLS information. Drive by only.

Last Agent to Sell the Property

Heather Cates

HC Realty License #BR539874000 Listed on: 12/20/2022

Last Buyer's Agent

Brickman Allen

Tradelands Realty License #SA586174000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1981

Lot Details

  • 10,672

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Holmes Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 139-30-011-C

Community Details

Overview

  • 3 Units
  • Building Dimensions are 68.02x128.57x68.02x128.57

Building Details

  • Operating Expense $2,022
  • Gross Income $45,162

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,022

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr/Southern
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 998
  • Directions: Mesa Dr/Southern Directions: North on Mesa Drive; East on 8th Ave to property on the right.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 68.02x128.57x68.02x128.57
  • Additional Parcels: No
  • Parcel #: 139-30-011-C

Multi Family

  • Owner Pays: Other, None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 45162.0
  • Annual Operating Expense: 2022.0

Tax Info

  • Tax Annual Amount: 2022.0
  • Tax Book Number: 139.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2022
Closed on
Feb 16, 2023
Sold by
Showalter Lorraine D and Showalter Charles J
Bought by
Alpha Dog Venture Group Llc
Seller's Agent
Heather Cates
HC Realty
Buyer's Agent
Brickman Allen
Tradelands Realty
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Views
199
Current Estimated Value
$538,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,434
Avg. Annual Appreciation
3.35%

Purchase Details

Closed on
Aug 26, 2013
Sold by
Brock Jan G
Bought by
Showalter Lorraine D and Showalter Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.27%
Mortgage Type
New Conventional
Source: Public Records

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
Alpha Dog Venture Group Llc $505,000 Empire Title Services
Showalter Lorraine D $120,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Showalter Lorraine D $86,000
Previous Owner Showalter Lorraine D $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $505,000 -8.2% $281 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
12/20/2022 12/20/22 For Sale $550,000 -- $306 / 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 $1,001 $10,197 -- --
2024 $1,009 $9,712 -- --
2023 $1,009 $34,100 $6,820 $27,280
2022 $988 $24,300 $4,860 $19,440
2021 $1,000 $20,450 $4,090 $16,360
2020 $987 $18,680 $3,730 $14,950
2019 $922 $14,480 $2,890 $11,590
2018 $885 $13,070 $2,610 $10,460
2017 $859 $11,510 $2,300 $9,210
2016 $843 $11,000 $2,200 $8,800
2015 $792 $9,430 $1,880 $7,550
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2023

    Heather Cates

    HC Realty

  • Brickman Allen

    Buyer's Agent in 2023

    Brickman Allen

    Tradelands Realty

    (480) 620-8437

    1 in this area

    28 Total Sales

    Brickman Allen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6500228

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-30-011C

Arizona Maricopa County Mesa 85204 Woodbridge Crossing

501 E 8th Ave, Mesa, AZ

This home is located at 501 E 8th Ave, Mesa, AZ 85204 since 20 December 2022 and is currently estimated at $538,434, approximately $299 per square foot. This property was built in 1981. 501 E 8th Ave is a home located in Maricopa County with nearby schools including Holmes 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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