NOT LISTED FOR SALE

Estimated Value: $615,000 - $676,526

3 Beds
-- Bath
2,694 Sq Ft
$239/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $635,000 $236 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,471/month

52 Days on Market

Highlights

  • Central Heating and Cooling System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of December 2021

True turn-key fully occupied individually metered triplex. Single story block construction. All three A/C units replaced in 2021, new roof in 2019. All three units fully remodeled with easy to maintain wood-look ceramic tile, new dual pane windows, new doors throughout. Kitchens fully remodeled with shaker cabinets & all electric, stainless steel appliances. Spacious bedrooms w/ ample closets. Large 48'' bathroom vanities, water efficient dual-flush toilets, tub to ceiling tile surround, rain-style shower heads. Easy to maintain desert landscaping. Two carports with a storage room & washer/dryer hookup for each tenant. Each apartment has a private enclosed front yard. Located near Downtown Mesa, across from walking/bike paths along canal. Home Warranty plan through 01/31/22 *Owner/Agent*

Last Agent to Sell the Property

Gladys Contreras

HomeSmart License #SA649499000 Listed on: 09/13/2021

HomeSmart

Last Buyer's Agent

Joshua Click

Keller Williams Integrity First License #SA666245000

Keller Williams Integrity First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,277

Year Built

  • Built in 1971

Lot Details

  • 8,015

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

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

Schools

  • Field Elementary School
  • Poston Junior High School
  • Mountain View High School

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 66
  • Assessor Parcel Number 137-37-066-C

Community Details

Overview

  • 3 Units
  • Building Dimensions are 80x100
  • Ko Ko Palms 2 Lots 117 121 Subdivision

Building Details

  • Operating Expense $3,720
  • Gross Income $44,400
  • Net Operating Income $39,931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,277

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: University & Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: KO KO PALMS 2 LOTS 117-121
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block, Brick
  • 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:Street Parking: Yes
  • Parking:Attached: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2443.0

Schools

  • Elementary School: Field Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 80x100
  • Additional Parcels: No
  • Parcel #: 137-37-066-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 44400.0
  • Property Net Operating Income: 39931.0
  • Annual Operating Expense: 3720.0

Tax Info

  • Tax Annual Amount: 1277.0
  • Tax Book Number: 137.00
  • Tax Lot: 66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Dec 9, 2021
Sold by
Contreras Gladys
Bought by
Winston Legacy Group Llc
Seller's Agent
Gladys Contreras
HomeSmart
Buyer's Agent
Joshua Click
Keller Williams Integrity First
List Price
$650,000
Sold Price
$635,000
Premium/Discount to List
-$15,000
-2.31%
Current Estimated Value
$643,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,882
Avg. Annual Appreciation
0.35%
Original Mortgage
$468,750
Outstanding Balance
$431,300
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$212,582

Purchase Details

Listed on
Dec 31, 2019
Closed on
Jan 24, 2020
Sold by
Archato Llc
Bought by
Contreras Gladys
Seller's Agent
Joshua Shull
SLD Realty LLC
Buyer's Agent
Gladys Contreras
HomeSmart
List Price
$399,999
Sold Price
$390,000
Premium/Discount to List
-$9,999
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.52%
Original Mortgage
$382,936
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2019
Sold by
Lovett Kimberly
Bought by
Archato Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 12, 2005
Sold by
Lim Rosalina A
Bought by
Lovett Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2004
Sold by
Fogliano Kevin and Hardy William H
Bought by
Lim Rosalina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,400
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2002
Sold by
Garcia Juan M
Bought by
Fogliano Kevin and Hardy William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
6.85%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 5, 1997
Sold by
P I A Properties Iv Ltd Partnership
Bought by
Garcia Juan M

Purchase Details

Closed on
Apr 19, 1995
Sold by
Palmer Carole
Bought by
P I A Properties Iv Ltd Partnership

Purchase Details

Closed on
Dec 2, 1994
Sold by
Jamieson James D
Bought by
Palmer Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,800
Interest Rate
9.23%
Mortgage Type
New Conventional
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
Winston Legacy Group Llc $635,000 Title Alliance Of Az Agcy Ll
Contreras Gladys $390,000 Chicago Title Agency Inc
Archato Llc $225,000 Chicago Title Agency
Lovett Kimberly $288,000 Title Security Agency Of Az
Lim Rosalina A $194,900 The Talon Group
Fogliano Kevin $165,000 Transnation Title Insurance
Garcia Juan M $127,900 Security Title Agency
P I A Properties Iv Ltd Partnership $79,200 --
P I A Properties Iv Ltd Partnership $800 --
Palmer Carole $74,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winston Legacy Group Llc $468,750
Previous Owner Contreras Gladys $382,936
Previous Owner Archato Llc $200,000
Previous Owner Lovett Kimberly $216,000
Previous Owner Lim Rosalina A $175,400
Previous Owner Fogliano Kevin $148,500
Previous Owner Palmer Carole $51,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2021 12/13/21 Sold $635,000 -2.3% $236 / Sq Ft
09/13/2021 09/13/21 For Sale $650,000 +66.7% $241 / Sq Ft
02/15/2020 02/15/20 Sold $390,000 -2.5% $145 / Sq Ft View Prior Sale
01/01/2020 01/01/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $399,999 +2.6% $148 / Sq Ft
12/30/2019 12/30/19 Off Market $390,000 -- --
12/30/2019 12/30/19 For Sale $399,999 -- $148 / 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 $1,301 $13,188 -- --
2024 $1,305 $12,560 -- --
2023 $1,305 $41,400 $8,280 $33,120
2022 $1,278 $31,500 $6,300 $25,200
2021 $1,294 $26,300 $5,260 $21,040
2020 $1,277 $24,060 $4,810 $19,250
2019 $1,193 $16,330 $3,260 $13,070
2018 $1,145 $14,210 $2,840 $11,370
2017 $1,111 $12,830 $2,560 $10,270
2016 $1,090 $12,070 $2,410 $9,660
2015 $1,025 $12,630 $2,520 $10,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6292781

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-066C