NOT LISTED FOR SALE

Estimated Value: $470,474

-- Bed
4 Baths
1,680 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 03, 2015

Last sale price $121,000 $72 Per Sq Ft

Est. 289% increase in value since last sale

Current estimated payment $2,717/month

151 Days on Market

Highlights

  • Central Air
  • Carpet
  • 5-minute walk to Valencia Park
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of June 2015

Investor Special! Great opportunity for a fully rented duplex in Mesa. Each unit has 2 bedrooms with 2 bathrooms and washer/dryer hookups. Tenants pay all utilities. One unit has brand new one-year lease with long time tenant. Contact listing agent for more details.

Last Listed By

Alicia Holman

UCI Realty, L.L.C. License #BR561983000 Listed on: 12/08/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $762

Year Built

  • Built in 1983

Lot Details

  • 8,059

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Schools

  • O'connor Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 140-15-031

Community Details

Overview

  • 2 Units
  • Building Dimensions are 8036
  • Greenfield Estates Subdivision

Building Details

  • Operating Expense $762

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$762

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Higley & University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2013
  • Directions: Go west on University to Quinn. Go north on Quinn to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: ccml01
  • Co List Office Phone: 480-454-5610
  • Subdivision Name: Greenfield Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Schools

  • Elementary School: O'Connor Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 8036
  • Additional Parcels: No
  • Parcel #: 140-15-031

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Operating Expense: 762.0

Tax Info

  • Tax Annual Amount: 762.0
  • Tax Book Number: 140.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2014
Closed on
Jul 22, 2015
Sold by
Lee Mun Pong
Bought by
Bit-168 Llc
Seller's Agent
Alicia Holman
UCI Realty, L.L.C.
Buyer's Agent
Yoke Ho
Call Realty, Inc.
List Price
$160,000
Sold Price
$121,000
Premium/Discount to List
-$39,000
-24.38%
Total Days on Market
151
Current Estimated Value
$470,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,474
Avg. Annual Appreciation
14.37%
Original Mortgage
$81,250
Outstanding Balance
$65,005
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$396,043

Purchase Details

Listed on
Dec 8, 2014
Closed on
May 21, 2015
Sold by
Jones Noriko Y
Bought by
Lee Mun Pong
Seller's Agent
Alicia Holman
UCI Realty, L.L.C.
Buyer's Agent
Yoke Ho
Call Realty, Inc.
List Price
$160,000
Sold Price
$121,000
Premium/Discount to List
-$39,000
-24.38%

Purchase Details

Listed on
Dec 8, 2014
Closed on
May 19, 2015
Sold by
Ho Yoke and Lee Mun Pong
Bought by
Lee Mun Pong
Seller's Agent
Alicia Holman
UCI Realty, L.L.C.
Buyer's Agent
Yoke Ho
Call Realty, Inc.
List Price
$160,000
Sold Price
$121,000
Premium/Discount to List
-$39,000
-24.38%

Purchase Details

Closed on
Aug 23, 2001
Sold by
Jones Noriko
Bought by
Jones Noriko Y and Noriko Y Jones Trust

Purchase Details

Closed on
Dec 3, 1998
Sold by
Mathewson David S and Mathewson Suzanne M
Bought by
Jones E Wendel and Jones Noriko

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
Bit-168 Llc -- Accommodation
Lee Mun Pong $121,000 Title365 Agency
Lee Mun Pong $121,000 Title365 Agency
Lee Mun Pong -- Title365 Agency
Jones Noriko Y -- --
Jones E Wendel $103,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bit-168 Llc $81,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2015 06/03/15 Sold $121,000 -24.4% $72 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
12/08/2014 12/08/14 For Sale $160,000 -- $95 / 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 $1,157 $11,420 -- --
2024 $1,166 $10,876 -- --
2023 $1,166 $30,830 $6,160 $24,670
2022 $1,143 $23,460 $4,690 $18,770
2021 $1,150 $19,580 $3,910 $15,670
2020 $1,135 $17,880 $3,570 $14,310
2019 $1,062 $14,270 $2,850 $11,420
2018 $1,018 $13,830 $2,760 $11,070
2017 $988 $11,500 $2,300 $9,200
2016 $969 $10,770 $2,150 $8,620
2015 $909 $9,280 $1,850 $7,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5208614

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-031