NOT LISTED FOR SALE

Estimated Value: $404,182 - $473,000

-- Bed
2 Baths
785 Sq Ft
$567/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $415,000 $529 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,406/month

13 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of October 2021

Excellent INVESTMENT opportunity! DUPLEX Located near DOWNTOWN MESA, each unit features 2BR/1BA, with carport parking, separate storage & laundry large front & private back yards w/mature trees. Interiors boast quant living areas w/tile in all the right places and eat-in kitchens equipped w/ ample cabinetry. Generously sized bedrooms. Don't let this opportunity slip! Current rents below market rate at $700 & $800 per month. DRIVE BY ONLY. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Suzy Steinmann

Realty ONE Group License #SA042536000 Listed on: 09/13/2021

Co-Listed By

Michelle Hudak

Realty ONE Group License #SA692121000

Last Buyer's Agent

Chad Hagenson

Denali Real Estate, LLC License #SA511594000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $834

Year Built

  • Built in 1955

Lot Details

  • 8,102

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking

Schools

  • Eisenhower Center For Innovation Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 137-29-012

Community Details

Overview

  • 2 Units
  • Building Dimensions are 90X92X81X88
  • Bowen Tract Subdivision

Building Details

  • Operating Expense $3,234
  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$834

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: N. Country Club and E. University Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2021
  • Directions: From the 101, head east on University Dr, Turn North onto Drew St, Turn Left. Property will be on the left.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: reog02
  • Co List Office Phone: 480-321-8100
  • Subdivision Name: BOWEN TRACT
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Free, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Individual, Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Schools

  • Elementary School: Eisenhower Center For Innovation
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 90X92X81X88
  • Additional Parcels: No
  • Parcel #: 137-29-012

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 1000.0
  • Annual Operating Expense: 3234.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 834.0
  • Tax Book Number: 137.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Oct 5, 2021
Sold by
Perez Juan A and Perez Sylvia E
Bought by
Kerr Misty C and Kerr Charles M
Seller's Agent
Suzy Steinmann
Realty ONE Group
Buyer's Agent
Chad Hagenson
Denali Real Estate, LLC
List Price
$399,900
Sold Price
$415,000
Premium/Discount to List
$15,100
3.78%
Current Estimated Value
$421,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,984
Avg. Annual Appreciation
-0.23%

Purchase Details

Closed on
Aug 31, 2017
Sold by
Perez Juan A and Perez Sylvia E
Bought by
Perez Juan A and Perez Sylvia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2005
Sold by
Tashiro Carolyn
Bought by
Perez Juan A and Perez Silvia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2005
Sold by
Mikulich Dennis
Bought by
Tashiro Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2005
Sold by
Mikulich Dennis
Bought by
Mikulich Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2003
Sold by
Lamoreaux Barbara J and Bruner Daniel Dean
Bought by
Mikulich Dennis and The Mikulich Survivor Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 1994
Sold by
Lamoreaux Barbara J
Bought by
Lamoreaux Barbara J
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
Kerr Misty C $405,000 Title Alliance Of Az Agcy Ll
Perez Juan A -- Title365
Perez Juan A $180,000 Fidelity National Title
Tashiro Carolyn $140,000 Fidelity National Title
Mikulich Dennis -- Fidelity National Title
Mikulich Dennis $120,000 Fidelity National Title
Lamoreaux Barbara J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Juan A $133,200
Previous Owner Perez Juan A $156,800
Previous Owner Perez Juan A $144,000
Previous Owner Mikulich Dennis $50,000
Previous Owner Mikulich Dennis $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $415,000 +3.8% $529 / Sq Ft
10/08/2021 10/08/21 For Sale $399,900 0.0% $509 / Sq Ft
10/08/2021 10/08/21 Price Changed $399,900 0.0% $509 / Sq Ft
09/13/2021 09/13/21 For Sale $399,900 -- $509 / 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 $898 $8,767 -- --
2024 $905 $8,350 -- --
2023 $905 $28,880 $5,770 $23,110
2022 $819 $21,520 $4,300 $17,220
2021 $834 $18,550 $3,710 $14,840
2020 $789 $16,530 $3,300 $13,230
2019 $735 $13,830 $2,760 $11,070
2018 $703 $12,470 $2,490 $9,980
2017 $682 $10,210 $2,040 $8,170
2016 $669 $9,400 $1,880 $7,520
2015 $630 $8,270 $1,650 $6,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6296870

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-29-012