NOT LISTED FOR SALE

Estimated Value: $678,000 - $836,000

Studio
-- Bath
3,516 Sq Ft
$217/Sq Ft Est. Value

Sale Details

Date Sold: August 14, 2024

Last sale price $800,000 $228 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,273 / mo

101 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2024

Owner would prefer to sell with 507 S Hall St. Owner self managed. Owner has recently installed fencing giving each unit significant private space. This will make the units much more marketable in the future, and will shift the exterior maintenance for the private spaces from the obligation of the landlord to the obligation of the tenant. An ADA sidewalk from the front to the back was also installed. Rent was also increased to at least $1400 for all tenants starting 6/1/24. A separately metered wash room also exists for what used to be a shared laundry. This has been switched to used for the A unit only and they pay the second electric bill. All tenants are month to month, and all would like to stay. Opportunity to improve numbers and get economies of scale with upgrades and buying both units.

Last Agent to Sell the Property

George Saiki

AZ Brokerage Holdings, LLC License #SA533361000 Listed on: 04/15/2024

Last Buyer's Agent

Andrew Marth

Compass License #SA711359000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,530

Year Built

  • Built in 1962

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Siding

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 35
  • Assessor Parcel Number 139-54-035

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,219 SQFT
  • Park Mesa, Lot 35 Subdivision

Building Details

  • Operating Expense $15,147
  • Gross Income $65,778
  • Net Operating Income $50,631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,530

Year Built

Built in 1962

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: GILBERT ROAD AND BROADWAY ROAD
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2023
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Professional Management Expense: 6000.0
  • Subdivision Name: PARK MESA, LOT 35
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 4578.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 12,219 SQFT
  • Additional Parcels: No
  • Parcel #: 139-54-035

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 65778.0
  • Insurance Expense: 1039.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 50631.0
  • Annual Operating Expense: 15147.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1530.0
  • Tax Book Number: 139.00
  • Tax Lot: 35

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Aug 26, 2024
Sold by
Bought by
Seller's Agent
George Saiki
AZ Brokerage Holdings, LLC
Buyer's Agent
Andrew Marth
Compass
List Price
$820,000
Sold Price
$800,000
Premium/Discount to List
-$20,000
-2.44%
Views
15
Current Estimated Value
$767,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,454
Avg. Annual Appreciation
-2.39%

Purchase Details

Closed on
Aug 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2010
Sold by
Bought by

Purchase Details

Closed on
May 22, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
0.0476%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
0.0887%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
0.07%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,500
Interest Rate
0.0602%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,500
Interest Rate
0.0602%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2004
Sold by
Bought by

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
0.0612%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2004
Sold by
Bought by

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
0.0612%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2003
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,807
Interest Rate
0.0615%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 1973
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 Wfg National Title Insurance C
-- None Available
-- None Available
$160,000 Security Title Agency
$90,000 Greystone Title Agency
$450,000 Camelback Title Agency Llc
-- Camelback Title Agency Llc
-- Great American Title Agency
$345,000 Great American Title Agency
-- Camelback Title Agency Llc
$340,000 Camelback Title Agency Llc
-- Westland Title Agency Of Az
$271,000 Westland Title Agency Of Az
$229,000 --
$229,000 Lawyers Title Of Arizona Inc
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $55,200
Closed $315,000
Closed $241,500
Closed $69,000
Closed $183,500
Closed $204,000
Closed $204,000
Closed $225,807
Closed $225,807
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/14/2024 08/14/24 Sold $800,000 -2.4% $228 / Sq Ft
08/09/2024 08/09/24 Price Changed $820,000 0.0% $233 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
05/16/2024 05/16/24 Price Changed $820,000 0.0% $233 / Sq Ft
05/16/2024 05/16/24 For Sale $820,000 +2.5% $233 / Sq Ft
04/26/2024 04/26/24 Off Market $800,000 -- --
04/15/2024 04/15/24 For Sale $840,000 0.0% $239 / Sq Ft
03/25/2024 03/25/24 Price Changed $840,000 0.0% $239 / Sq Ft
05/07/2022 05/07/22 Rented $1,350 0.0% --
03/17/2022 03/17/22 For Rent $1,350 +12.5% --
10/01/2021 10/01/21 Rented $1,200 0.0% --
09/02/2021 09/02/21 For Rent $1,200 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,525 $15,457 -- --
2024 $1,530 $14,721 -- --
2023 $1,530 $52,300 $10,460 $41,840
2022 $1,498 $34,450 $6,890 $27,560
2021 $1,516 $28,220 $5,640 $22,580
2020 $1,497 $25,830 $5,160 $20,670
2019 $1,398 $22,030 $4,400 $17,630
2018 $1,342 $19,980 $3,990 $15,990
2017 $1,302 $17,730 $3,540 $14,190
2016 $1,278 $15,750 $3,150 $12,600
2015 $1,201 $15,010 $3,000 $12,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6681070

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-035

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