NOT LISTED FOR SALE

Estimated Value: $450,874 - $688,000

6 Beds
-- Bath
2,694 Sq Ft
$219/Sq Ft Est. Value

Last Sold March 21, 2018

Last sale price $256,000 $95 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $3,397/month

13 Days on Market

Highlights

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

About This Home

As of March 2018

Turn key block single level triplex in the heart of Mesa. Great rental area and long term tenants. 2 units are approx 800sqft each. The front unit is approx. 1100sqft with front court yard and fireplace. All units have covered parking and washer dryer hook ups. All facts and figures are approx. buyer to verify to their satisfaction.

Last Listed By

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 02/18/2018

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,036

Year Built

  • Built in 1970

Lot Details

  • 8,015

Home Design

  • Composition Roof
  • Block Exterior

Parking

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

Schools

  • Hawthorne Elementary School
  • Kino Junior High School
  • Mountain View - Waddell High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 65
  • Assessor Parcel Number 137-37-065-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8030

Building Details

  • Operating Expense $5,036
  • Gross Income $23,100
  • Net Operating Income $14,533

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,036

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Gilbert & University
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2017
  • Directions: Gilbert and University west to Hall north to property.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • 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, Block
  • Roof: Composition
  • Construction: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, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Hawthorne Elementary School
  • High School: Mountain View - Waddell
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 8030
  • Additional Parcels: No
  • Parcel #: 137-37-065-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 23100.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 14533.0
  • Annual Operating Expense: 5036.0

Tax Info

  • Tax Annual Amount: 1036.0
  • Tax Book Number: 137.00
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2018
Closed on
Mar 13, 2018
Sold by
Choe Cindy Y
Bought by
Fouth Place Properties Llc
Seller's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Cameron Carter
HomeSmart
List Price
$265,000
Sold Price
$256,000
Premium/Discount to List
-$9,000
-3.4%
Total Days on Market
13
Current Estimated Value
$590,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,625
Avg. Annual Appreciation
12.39%

Purchase Details

Closed on
Jan 15, 2009
Sold by
Choe Cindy Y and Chen Cindy Y
Bought by
Choe Cindy Y

Purchase Details

Closed on
Mar 26, 2008
Sold by
Chen Cindy
Bought by
Chen Cindy Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 2, 2005
Sold by
Chen I Ching
Bought by
Chen Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2005
Sold by
Browne Llisle
Bought by
Chen Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2004
Sold by
Hill Keith E and Hill Shirley M
Bought by
Browne Llisle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 1996
Sold by
Bacon Uvonna R
Bought by
Hill Keith E and Hill Shirley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
8.33%
Mortgage Type
New Conventional

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
Fouth Place Properties Llc $256,000 Premier Title Agency
Choe Cindy Y -- Stewart Title & Trust Of Pho
Chen Cindy Y -- Stewart Title & Trust Of Pho
Chen Cindy -- Fidelity National Title
Chen Cindy $285,000 Fidelity National Title
Browne Llisle $205,000 Fidelity National Title
Hill Keith E $103,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Cindy Y $180,000
Previous Owner Chen Cindy $228,000
Previous Owner Browne Llisle $159,000
Previous Owner Hill Keith E $82,400
Closed Browne Llisle $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2018 03/21/18 Sold $256,000 -3.4% $95 / Sq Ft
02/18/2018 02/18/18 For Sale $265,000 -- $98 / 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 $1,289 $13,132 -- --
2024 $1,300 $12,507 -- --
2023 $1,300 $41,360 $8,270 $33,090
2022 $1,193 $31,470 $6,290 $25,180
2021 $1,214 $26,270 $5,250 $21,020
2020 $1,198 $24,020 $4,800 $19,220
2019 $1,116 $16,310 $3,260 $13,050
2018 $1,069 $14,180 $2,830 $11,350
2017 $1,036 $12,810 $2,560 $10,250
2016 $1,017 $12,050 $2,410 $9,640
2015 $958 $12,610 $2,520 $10,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5725360

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-065A