NOT LISTED FOR SALE

525 N Drew St W Mesa, AZ 85201

Evergreen Historic District Neighborhood

Estimated Value: $307,000 - $421,000

Studio
2 Baths
643 Sq Ft
$554/Sq Ft Est. Value

Last Sold December 21, 2015

Last sale price $139,750 $217 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $1,907/month

11 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2015

Check out this investment opportunity!!! This property boasts Long Term tenants in both units, A Recent remodel includes a Brand New Roof 'OCT 2015', Exterior Trim all painted, New rain gutters, New ceiling fans, New Tile in both Units, Brand new refrigerator & a new AC unit in 525 (Summer 2013), 3 year old fence on east side of property, 2 exterior storage units, Located close to shopping, Mesa Amphitheater, and downtown Mesa. Tenants pay all the utilities. Make a move on this one before it's gone.

Last Agent to Sell the Property

Matthew Fish

DenMar Realty License #BR626105000 Listed on: 10/23/2015

Last Buyer's Agent

Sergio Galindo

At Home Real Estate Arizona License #SA526977000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $449

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Westwood High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 137-29-014

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6480
  • Bowen Tract Subdivision

Building Details

  • Operating Expense $1,449
  • Gross Income $12,180
  • Net Operating Income $11,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$449

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Country Club and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: BOWEN TRACT
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

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

Utilities

  • Electric: City Electric
  • Cooling: Electric, 2 or More Units
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6480
  • Additional Parcels: No
  • Parcel #: 137-29-014

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 12180.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 11180.0
  • Annual Operating Expense: 1448.86

Tax Info

  • Tax Annual Amount: 448.86
  • Tax Book Number: 137.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Dec 17, 2015
Sold by
Ludwig Cade
Bought by
Sanchez Zoila E
Seller's Agent
Matthew Fish
DenMar Realty
Buyer's Agent
Sergio Galindo
At Home Real Estate Arizona
List Price
$139,000
Sold Price
$139,750
Premium/Discount to List
$750
0.54%
Current Estimated Value
$356,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,767
Avg. Annual Appreciation
9.58%
Original Mortgage
$134,858
Outstanding Balance
$105,751
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$250,766

Purchase Details

Closed on
May 21, 2003
Sold by
Welch Larry L
Bought by
Ludwig Cade

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2002
Sold by
Welch Larry L
Bought by
Welch Larry L and Larry L Welch Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sanchez Zoila E $139,750 Pioneer Title Agency Inc
Ludwig Cade $100,000 Fidelity National Title
Welch Larry L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Zoila E $134,858
Previous Owner Ludwig Cade $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2015 12/21/15 Sold $139,750 +0.5% $217 / Sq Ft
11/03/2015 11/03/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $139,000 -- $216 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $625 $6,333 -- --
2024 $627 $6,031 -- --
2023 $627 $22,960 $4,590 $18,370
2022 $614 $16,830 $3,360 $13,470
2021 $621 $14,160 $2,830 $11,330
2020 $613 $12,680 $2,530 $10,150
2019 $573 $11,060 $2,210 $8,850
2018 $550 $10,000 $2,000 $8,000
2017 $533 $8,050 $1,610 $6,440
2016 $523 $7,200 $1,440 $5,760
2015 $492 $6,380 $1,270 $5,110
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Matthew Fish

    DenMar Realty

  • Sergio Galindo

    Buyer's Agent in 2015

    Sergio Galindo

    At Home Real Estate Arizona

    (480) 529-4411

    179 Total Sales

    Sergio Galindo
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5353280

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-29-014

Arizona Maricopa County Mesa 85201 Evergreen Historic District

525 N Drew St W, Mesa, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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