508 S Olive Mesa, AZ 85204
Temple Neighborhood
--
Bed
--
Bath
3,024
Sq Ft
1980
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Franklin at Brimhall Elementary School Rated A
About This Home
As of September 2019Great central location 4-plex near the new light rail and upgraded Temple District. Very easy to rent. Currently under professional property management. No HOA. Paved parking lot. One tenant has lived there nearly 11 years. Another going on 7 years. Property could work for an owner-occupant.
Last Agent to Sell the Property
Kathryn Jones
Evolve Realty, LLC Brokerage Email: info@evolverealty.com License #SA540336000 Listed on: 08/23/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,233
Year Built
- Built in 1980
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Paved Parking
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for trash collection, water, sewer
- Tax Lot 17
- Assessor Parcel Number 139-23-076-B
Community Details
Overview
- 4 Units
- Building Dimensions are irregular
- Lynwood Tract Lots 25 32 Subdivision
Building Details
- Operating Expense $10,731
- Gross Income $36,080
- Net Operating Income $26,582
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2019
Closed on
Sep 26, 2019
Sold by
Jones Chanson H and Jones Kalena
Bought by
Davis Richard W and Davis Lisa M
Seller's Agent
Kathryn Jones
Evolve Realty, LLC
Buyer's Agent
Laurel Driggs
eXp Realty
List Price
$385,000
Sold Price
$370,000
Premium/Discount to List
-$15,000
-3.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$270,000
Outstanding Balance
$238,609
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$413,048
Purchase Details
Closed on
Dec 12, 2015
Sold by
Jones Chanson H
Bought by
Jones Chanson H and Jones Kalena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 30, 2011
Sold by
Duarte Rogelio
Bought by
Jones Chanson H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,900
Interest Rate
4.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 5, 2004
Sold by
Duarte Guadalupe
Bought by
Duarte Rogelio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,250
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 12, 2002
Sold by
Ar Shield 2 Llc
Bought by
Duarte Rogelio and Duarte Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,250
Interest Rate
8.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 10, 2000
Sold by
Pierce Karen A and Wallace Bruce D
Bought by
Heins Ralph C and Heins Ann L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,700
Interest Rate
8.19%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 20, 1999
Sold by
Mccown Gregory L and Mccown Misty M
Bought by
Wallace Bruce D and Pierce Karen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,100
Interest Rate
8.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 4, 1995
Sold by
Peasley John W and Peasley Andrea
Bought by
Mccown Gregory L and Mccown Misty M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,632
Interest Rate
7.58%
Mortgage Type
FHA
Similar Homes in Mesa, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $370,000 | Clear Title Agency Of Az | |
| Interfamily Deed Transfer | -- | Grand Canyon Title Agency | |
| Warranty Deed | $81,200 | Stewart Title & Trust Of Pho | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | $205,000 | First American Title Ins Co | |
| Warranty Deed | $173,000 | Security Title Agency | |
| Warranty Deed | $163,000 | Security Title Agency | |
| Warranty Deed | $95,000 | United Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $270,000 | New Conventional | |
| Previous Owner | $204,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $60,900 | New Conventional | |
| Previous Owner | $235,000 | Unknown | |
| Previous Owner | $201,250 | Purchase Money Mortgage | |
| Previous Owner | $174,250 | New Conventional | |
| Previous Owner | $155,700 | New Conventional | |
| Previous Owner | $114,100 | New Conventional | |
| Previous Owner | $94,632 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Price Changed | $699,000 | 0.0% | -- |
| 06/20/2025 06/20/25 | For Sale | $699,000 | -4.1% | -- |
| 06/14/2025 06/14/25 | Off Market | $729,000 | -- | -- |
| 06/11/2025 06/11/25 | For Sale | $729,000 | +97.0% | -- |
| 09/30/2019 09/30/19 | Sold | $370,000 | -3.9% | $122 / Sq Ft |
| 08/23/2019 08/23/19 | For Sale | $385,000 | -- | $127 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $49,180 | $9,830 | $39,350 |
| 2022 | $1,377 | $33,930 | $6,780 | $27,150 |
| 2021 | $1,393 | $26,730 | $5,340 | $21,390 |
| 2020 | $1,375 | $23,980 | $4,790 | $19,190 |
| 2019 | $1,285 | $19,430 | $3,880 | $15,550 |
| 2018 | $1,233 | $17,770 | $3,550 | $14,220 |
| 2017 | $1,196 | $15,680 | $3,130 | $12,550 |
| 2016 | $1,174 | $14,760 | $2,950 | $11,810 |
| 2015 | $1,104 | $12,750 | $2,550 | $10,200 |
Source: Public Records
Agents Affiliated with this Home
-
Laurel Driggs
Seller's Agent in 2025
Laurel Driggs
eXp Realty
(480) 440-5948
1 in this area
27 Total Sales
-
K
Seller's Agent in 2019
Kathryn Jones
Evolve Realty, LLC
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5969325
APN: 139-23-076B
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.
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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