NOT LISTED FOR SALE

Estimated Value: $382,018

Studio
-- Bath
1,196 Sq Ft
$319/Sq Ft Est. Value

Last Sold February 19, 2015

Last sale price $125,000 $105 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $2,057/month

13 Days on Market

Highlights

  • Multiple cooling system units
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of February 2015

Duplex in Central Mesa Location, great cash flow, good long term tenants. Easy maintenance Duplex ready for a new owner. either buy one and live in the there or have long term income from both units.

Last Agent to Sell the Property

Mark Sumstine

Realty ONE Group License #SA632021000 Listed on: 12/26/2014

Co-Listed By

Kevin Horikami

Realty ONE Group License #SA632617000

Last Buyer's Agent

Emely Lopez

eXp Realty License #SA643253000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $466

Year Built

  • Built in 1985

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

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

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 35
  • Assessor Parcel Number 139-24-180

Community Details

Overview

  • 2 Units
  • Building Dimensions are N 60.1', E 102.03', S 60.1', W 101.35'
  • Haws Subdivision Replat Mcr 237 9

Building Details

  • Operating Expense $2,282
  • Gross Income $13,200
  • Net Operating Income $7,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$466

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Broadway & Mesa
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog14
  • Co List Office Phone: 480-285-0000
  • Subdivision Name: HAWS SUBDIVISION REPLAT MCR 237-9
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Brick
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: 2 or More Units, Individual, Wall/Window Unit(s)
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 1816.0

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: N 60.1', E 102.03', S 60.1', W 101.35'
  • Additional Parcels: No
  • Parcel #: 139-24-180

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 13200.0
  • Property Net Operating Income: 7500.0
  • Annual Operating Expense: 2282.48

Tax Info

  • Tax Annual Amount: 466.48
  • Tax Book Number: 139.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2014
Closed on
Feb 18, 2015
Sold by
Thowson Michael G and Janes Gwendolyn
Bought by
Campoy Mary
Seller's Agent
Mark Sumstine
Realty ONE Group
Buyer's Agent
Emely Lopez
eXp Realty
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$382,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,018
Avg. Annual Appreciation
10.78%
Original Mortgage
$122,735
Outstanding Balance
$96,175
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$285,843

Purchase Details

Closed on
Apr 30, 2009
Sold by
Thowson Michael G and Janes Gwendolyn
Bought by
Thowson Family Trust

Purchase Details

Closed on
Dec 26, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Thowson Michael G and Janes Gwendolyn

Purchase Details

Closed on
May 5, 2008
Sold by
Ormond Helen
Bought by
Deutsche Bank National Trust Co and Argent Securities Inc Asset Backed Pass

Purchase Details

Closed on
Jun 29, 2005
Sold by
Padilla Monico and Padilla Lorena
Bought by
Ormond Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
8.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2002
Sold by
Prefontaine Michelle L
Bought by
Martinez Jorge P

Purchase Details

Closed on
Aug 28, 1997
Sold by
Jackson Judy A
Bought by
Prefontaine Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,791
Interest Rate
7.49%
Mortgage Type
FHA
Source: Public Records
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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
Campoy Mary $125,000 Driggs Title Agency Inc
Thowson Family Trust -- None Available
Thowson Michael G $85,000 Security Title Agency
Deutsche Bank National Trust Co $192,289 Security Title Agency
Ormond Helen $225,000 Chicago Title Insurance Co
Martinez Jorge P $132,900 Chicago Title Insurance Co
Prefontaine Michelle L $68,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campoy Mary $122,735
Previous Owner Ormond Helen $213,750
Previous Owner Prefontaine Michelle L $67,791
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2015 02/19/15 Sold $125,000 0.0% $105 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
12/25/2014 12/25/14 For Sale $125,000 -- $105 / 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 $709 $7,187 -- --
2024 $711 $6,845 -- --
2023 $711 $23,480 $4,690 $18,790
2022 $696 $16,230 $3,240 $12,990
2021 $705 $13,250 $2,650 $10,600
2020 $696 $12,110 $2,420 $9,690
2019 $650 $9,820 $1,960 $7,860
2018 $624 $9,100 $1,820 $7,280
2017 $605 $7,800 $1,560 $6,240
2016 $594 $7,060 $1,410 $5,650
2015 $558 $6,000 $1,200 $4,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5213996

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-180