NOT LISTED FOR SALE

504 S Hobson Unit 1-2 Mesa, AZ 85204

Woodbridge Crossing Neighborhood

Estimated Value: $280,279 - $354,000

4 Beds
2 Baths
750 Sq Ft
$429/Sq Ft Est. Value

Last Sold March 16, 2012

Last sale price $45,000 $60 Per Sq Ft

Est. 615% increase in value since last sale

Current estimated payment $1,869/month

7 Days on Market

Highlights

  • Painted or Stained Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Evaporated cooling system

About This Home

As of March 2012

TWO 2 BEDROOM 1 BATH HOMES ON A SINGLE LOT. ELECTRIC AND GAS SEPERATELY METERED, WATER TRASH AND SEWER COMBINED. THIS IS A HANDYMAN, INVESTOR PROJECT. VACANT HOME IS IN NEED OF REPAIR THAT HAS BEEN STARTED BY OWNER. SELLER WILL CONSIDER FINANCING WITH 25% DOWN. FRONT HOUSE OCCUPIED DO NOT DISTURB.CANNOT BE FINANCED AT THIS TIME, AS-IS.

Last Listed By

Greg Patt

Greg Patt Real Estate License #BR011560000 Listed on: 02/25/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $805

Year Built

  • Built in 1953

Lot Details

  • 9,060

Parking

  • Over 1 Space Per Unit

Home Design

  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Concrete

Laundry

  • Washer and Dryer Hookup

Schools

  • Lowell Elementary School - Mesa
  • Mesa High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electric, gas
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $574 per year Dock Fee
  • 2 Units
  • Building Dimensions are 60X151

Building Details

  • Insurance Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$805

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Tax Municipality: Mesa
  • Appliances Included: F/S Oven/Range, W/D Hookup
  • Construction Finish: Painted
  • Cross Street: BROADWAY & MESA DR.
  • Floors: Concrete
  • Legal Info Lot Number: 11
  • Other Type: House + Rental Units
  • Payment Includes: Interest
  • Roads Streets: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 500
  • Legal Description Abbrev: Stewarts South-East Mesa Add
  • Marketing Name: REHAB SPECIAL
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: R39
  • Year Built: 1953
  • Tax Year: 2011
  • Directions: GO EAST TO HOBSON AND SOUTH TO 504 ON WEST SIDE.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available, Partially Fenced, Separate Storage
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: >1 Space Per Unit
  • Total Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: City Electric
  • Gas: City Gas
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • Middle School: Mesa Junior High School
  • High School: Mesa High School
  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Junior High School: Mesa Junior High School

Lot Info

  • Lot Size: 60X151

Multi Family

  • Income And Expenses Annual Ins Exp: 600.00
  • Income And Expenses Annual Trash Exp: 480.00
  • Income And Expenses Annual Water Sewer Exp: 1080.00
  • Income And Expenses Net Operating Income: 2400.00
  • Income And Expenses Operating Exp: 2734.00
  • Number Of Two Bedroom Units: 2
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric, Gas
  • Total Numberof Buildings: 2
  • Total Numberof Units: 2.00
  • Two Bedroom Units Avg Rent: 400.00
  • Two Bedroom Units Avg Sq Ft: 750
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 574.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2012
Closed on
Mar 15, 2012
Sold by
Dutcher Properties Llc
Bought by
Dvan Llc
Seller's Agent
Greg Patt
Greg Patt Real Estate
Buyer's Agent
Leslie L. Flake
Pinnacle Property Group
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%
Total Days on Market
7
Current Estimated Value
$321,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,820
Avg. Annual Appreciation
15.94%
Original Mortgage
$33,750
Outstanding Balance
$23,965
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$293,120

Purchase Details

Closed on
Nov 28, 2011
Sold by
Reiland Darlene E
Bought by
Dutcher Properties Llc

Purchase Details

Closed on
Dec 17, 2009
Sold by
May Darlene
Bought by
May Darlene E Reiland and Darlene E Reiland Family Trust

Purchase Details

Closed on
Dec 9, 2009
Sold by
Dutcher Donald
Bought by
May Darlene

Purchase Details

Closed on
Dec 4, 2009
Sold by
Moen Michelle
Bought by
May Darlene

Purchase Details

Closed on
Nov 27, 2009
Sold by
Payne Shirley
Bought by
May Darlene

Purchase Details

Closed on
Apr 30, 2008
Sold by
Myers Connie and Myers Ralph
Bought by
Payne Shirley and May Darlene

Purchase Details

Closed on
Mar 18, 2008
Sold by
Myers Connie
Bought by
Myers Connie and Payne Shirley

Purchase Details

Closed on
Dec 19, 2007
Sold by
Myers Connie
Bought by
Myers Connie and Estate Of Dorothy Dutcher

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
Dvan Llc $45,000 American Title Service Agenc
Dutcher Properties Llc -- None Available
May Darlene E Reiland -- None Available
May Darlene -- None Available
May Darlene -- None Available
May Darlene -- None Available
Payne Shirley -- None Available
Myers Connie -- None Available
Myers Connie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dvan Llc $33,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2012 03/16/12 Sold $45,000 -9.8% $60 / Sq Ft
03/03/2012 03/03/12 Pending -- -- --
02/25/2012 02/25/12 For Sale $49,900 -- $67 / 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 $805 $8,203 -- --
2024 $812 $7,812 -- --
2023 $812 $22,300 $4,460 $17,840
2022 $795 $18,070 $3,610 $14,460
2021 $805 $17,130 $3,420 $13,710
2020 $794 $15,420 $3,080 $12,340
2019 $742 $13,780 $2,750 $11,030
2018 $712 $11,600 $2,320 $9,280
2017 $691 $8,520 $1,700 $6,820
2016 $678 $7,550 $1,510 $6,040
2015 $637 $5,980 $1,190 $4,790
Source: Public Records

Agents Affiliated with this Home

  • Greg Patt

    Seller's Agent in 2012

    Greg Patt

    Greg Patt Real Estate

    (602) 284-0395

    29 Total Sales

    Greg Patt
    Section Image

  • L

    Buyer's Agent in 2012

    Leslie L. Flake

    Pinnacle Property Group

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4721297

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-058

Arizona Maricopa County Mesa 85204 Woodbridge Crossing

504 S Hobson Unit 1-2, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 504 S Hobson Unit 1-2, Mesa, AZ 85204 since 25 February 2012 and is currently estimated at $321,820, approximately $429 per square foot. This property was built in 1953. 504 S Hobson Unit 1-2 is a home located in Maricopa County with nearby schools including Lowell 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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