NOT LISTED FOR SALE

506 W 9th St Unit B Mesa, AZ 85201

West Enders Neighborhood

Estimated Value: $764,000 - $823,000

8 Beds
4 Baths
780 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold March 15, 2013

Last sale price $141,000 $181 Per Sq Ft

Est. 470% increase in value since last sale

Current estimated payment $4,622/month

9 Days on Market

Highlights

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

About This Home

As of March 2013

AS OF TODAY 12/07/12 THE UNITS ARE 50% OCCUPPIED AND RENTED AT $500 PER UNIT. ESTIMATING EXPENSES, THIS PROPERTY CAN OPERATE BETWEEN A 14%-15% CAP RATE AT THIS LIST PRICE. ALL FINANCIALS INDICATED ARE BASED ON AN ESTIMATION. BUYER TO REVIEW ACTUALS DURING INSPECTION PERIOD. SUBMIT YOUR OFFER TODAY! PLEASE DRIVE BY ONLY, AND OF COURSE DO NOT DISTURB THE TENANTS. THANK YOU.

Last Agent to Sell the Property

Nycole Leyba

Better Homes & Gardens Real Estate SJ Fowler License #SA561315000 Listed on: 12/06/2012

Last Buyer's Agent

Eric Williamson

Citiea License #SA579896000

Citiea

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1983

Lot Details

  • 9,365

Home Design

  • Built-Up Roof

Flooring

  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Assessor Parcel Number 135-16-005-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are .22 ACRES

Building Details

  • Operating Expense $4,360
  • Gross Income $12,000
  • Net Operating Income $18,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$860

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: COUNTRY CLUB & BROWN
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2012
  • Directions: FROM BROWN, SOUTH ON COUNTRY CLUB, WEST ON 9TH STREET. FOURPLEX IS ON THE NORTH SIDE OF THE STREET.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Slump Block
  • Roof: See Remarks, Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: 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
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 3500.0

Lot Info

  • Lot Size: .22 ACRES
  • Additional Parcels: No
  • Parcel #: 135-16-005-G

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 12000.0
  • Property Net Operating Income: 18920.0
  • Annual Operating Expense: 4360.22
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 860.22
  • Tax Book Number: 135.00
  • Tax Lot: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2014
Sold by
Macagni Anna
Bought by
W 9Th Ventures Llc
Total Days on Market
9
Current Estimated Value
$803,000

Purchase Details

Listed on
Dec 6, 2012
Closed on
Mar 11, 2013
Sold by
Gomez Margo
Bought by
Mecagni Anna
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Eric Williamson
Citiea
List Price
$120,000
Sold Price
$141,000
Premium/Discount to List
$21,000
17.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.31%
Original Mortgage
$150,000
Interest Rate
3.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 6, 2012
Closed on
Mar 8, 2013
Sold by
U S Bank National Association
Bought by
Sequoia Real Estate Investments Llc
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Eric Williamson
Citiea
List Price
$120,000
Sold Price
$141,000
Premium/Discount to List
$21,000
17.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 12, 2005
Sold by
Ridd Dale and Ridd Marta L
Bought by
Gomez Marco

Purchase Details

Closed on
Dec 16, 1997
Sold by
Rosciano Jose C
Bought by
Ridd Dale and Ridd Marta L

Purchase Details

Closed on
Jun 27, 1997
Sold by
Rosciano Maria E
Bought by
Rosciano Jose C

Purchase Details

Closed on
Dec 16, 1996
Sold by
Rosciano Jose C
Bought by
Rosciano Jose C and Rosciano Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,850
Interest Rate
7.76%
Source: Public Records

Range of Values:

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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
W 9Th Ventures Llc -- None Available
Mecagni Anna $141,000 Stewart Title & Trust Of Pho
Sequoia Real Estate Investments Llc $150,254 Premium Title Agency Inc
Gomez Marco $299,000 Lawyers Title Ins
Ridd Dale $300,000 Chicago Title Insurance Co
Rosciano Jose C -- --
Rosciano Jose C -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mecagni Anna $107,250
Previous Owner Sequoia Real Estate Investments Llc $150,000
Previous Owner Sequoia Real Estate Investments Llc $150,000
Previous Owner Gomez Marco Antonio $76,000
Previous Owner Rosciano Jose C $52,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2013 03/15/13 Sold $141,000 +17.5% $181 / Sq Ft
12/15/2012 12/15/12 Pending -- -- --
12/06/2012 12/06/12 For Sale $120,000 -- $154 / 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 $1,584 $16,142 -- --
2024 $1,597 $15,374 -- --
2023 $1,597 $45,150 $9,030 $36,120
2022 $1,564 $35,450 $7,090 $28,360
2021 $1,583 $29,750 $5,950 $23,800
2020 $1,563 $26,670 $5,330 $21,340
2019 $1,460 $22,850 $4,570 $18,280
2018 $1,401 $18,560 $3,710 $14,850
2017 $1,360 $19,130 $3,820 $15,310
2016 $1,334 $17,410 $3,480 $13,930
2015 $1,254 $15,500 $3,100 $12,400
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nycole Leyba

    Better Homes & Gardens Real Estate SJ Fowler

  • Eric Williamson

    Buyer's Agent in 2013

    Eric Williamson

    Citiea

    (602) 435-6708

    105 Total Sales

    Eric Williamson
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4859282

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-16-005G

Arizona Maricopa County Mesa 85201 West Enders

506 W 9th St Unit B, Mesa, AZ

This home is located at 506 W 9th St Unit B, Mesa, AZ 85201 since 06 December 2012 and is currently estimated at $803,000, approximately $1,029 per square foot. This property was built in 1983. 506 W 9th St Unit B is a home located in Maricopa County with nearby schools including Franklin at Brimhall Elementary School, Emerson 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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