NOT LISTED FOR SALE

5309 E Boise St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $354,300 - $459,000

Studio
-- Bath
1,918 Sq Ft
$218/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $425,000 $222 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,291/month

88 Days on Market

Highlights

  • Heated Spa
  • Tennis Courts
  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Game Room
  • Resident Manager or Management On Site

About This Home

As of October 2021

Beautifully remodeled duplex in the 55+ active adult Dreamland Villa community. Much has been done and updated at this property. New sewer line, new water heaters, roof was replaced in 2019, updated electrical outlets and switches at panel, new floors throughout, new garage door motor, new AC motor in 1 unit, new paint, updated all bathrooms, just to name a few. Shared laundry room on site in back of units. Also, 2 separate laundry hookups dedicated to each unit. 2 bedroom unit has garage and storage closet (or workshop). Seller will pay for 1st year dues to Dreamland Villa Community Center so that new owner and/or tenants can make use of the community amenities, i.e. tennis, pickleball, workshops, laundry room, etc. Solid investment property on quiet, clean street.

Last Agent to Sell the Property

Bradley Ahlstrom

Farnsworth Realty & Management License #SA658439000 Listed on: 06/09/2021

Co-Listed By

Steven Coons

Farnsworth Realty & Management License #SA657697000

Last Buyer's Agent

Todd Pippin

My Home Group Real Estate License #SA658919000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,135

Year Built

  • Built in 1960

Lot Details

  • 0.3

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 1 Parking Space
  • 1 Covered Space
  • Common or Shared Parking

Pool

  • Heated Spa

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 236
  • Assessor Parcel Number 141-75-004-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 107' x 109'
  • Dreamland Villa 3 Lots 233 262 Subdivision

Recreation

  • Tennis Courts
  • Shuffleboard Court
  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $2,835
  • Gross Income $30,780
  • Net Operating Income $28,430

Additional Features

  • Game Room
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,135

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Higley / University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: spri001
  • Co List Office Phone: 480-373-8755
  • Subdivision Name: DREAMLAND VILLA 3 LOTS 233-262
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 1.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Garage Details: Yes
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Shuffle Brd/Lawn Bwl, Tennis Court(s), Game/Rec Room, Manager Res/Office, Heated Spa(s), Spa(s), Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Community Amenities:Tennis Court(s)2: Yes
  • Community Amenities:GameRec Room: Yes
  • Community Amenities:Heated Spa(s): Yes
  • Community Amenities:Shuffle BrdLawn Bwl: Yes
  • Community Amenities:Heated Pool(s): Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Adult
  • High School: Adult
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Adult

Lot Info

  • Lot Size: 107' x 109'
  • Additional Parcels: No
  • Parcel #: 141-75-004-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 30780.0
  • Property Net Operating Income: 28430.0
  • Annual Operating Expense: 2835.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1135.0
  • Tax Book Number: 141.00
  • Tax Lot: 236

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Oct 7, 2021
Sold by
Aca Real Estate Group Llc
Bought by
Margaritis Peter and Margaritis Rachel
Seller's Agent
Bradley Ahlstrom
Farnsworth Realty & Management
Buyer's Agent
Todd Pippin
My Home Group Real Estate
List Price
$439,000
Sold Price
$425,000
Premium/Discount to List
-$14,000
-3.19%
Current Estimated Value
$418,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,675
Avg. Annual Appreciation
-0.37%
Original Mortgage
$318,750
Outstanding Balance
$290,670
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$127,655

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 1, 2021
Sold by
Book Michael J and Brenner Lynda K
Bought by
Aca Real Estate Group Llc
Seller's Agent
Marcia Anderson
Compass
Buyer's Agent
Steven Coons
Farnsworth Realty & Management
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-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
112.54%
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
Margaritis Peter $425,000 Az Title Agency
Aca Real Estate Group Llc $285,000 Wfg National Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margaritis Peter $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2021 10/12/21 Sold $425,000 0.0% $222 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
08/31/2021 08/31/21 Price Changed $425,000 -0.9% $222 / Sq Ft
07/16/2021 07/16/21 Price Changed $429,000 -2.3% $224 / Sq Ft
06/09/2021 06/09/21 For Sale $439,000 +54.0% $229 / Sq Ft
04/02/2021 04/02/21 Sold $285,000 -5.0% $149 / Sq Ft View Prior Sale
03/23/2021 03/23/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $300,000 -- $156 / 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 $1,251 $13,178 -- --
2024 $1,167 $12,551 -- --
2023 $1,167 $32,070 $6,410 $25,660
2022 $1,143 $23,950 $4,790 $19,160
2021 $1,145 $21,920 $4,380 $17,540
2020 $1,135 $20,100 $4,020 $16,080
2019 $1,058 $15,700 $3,140 $12,560
2018 $1,033 $14,480 $2,890 $11,590
2017 $1,004 $13,630 $2,720 $10,910
2016 $972 $15,030 $3,000 $12,030
Source: Public Records

Agents Affiliated with this Home

  • Bradley Ahlstrom

    Seller's Agent in 2021

    Bradley Ahlstrom

    Farnsworth Realty & Management

    (480) 223-2498

    9 in this area

    77 Total Sales

    Bradley Ahlstrom
    Section Image
  • Marcia Anderson

    Seller's Agent in 2021

    Marcia Anderson

    Compass

    (480) 560-0450

    1 in this area

    27 Total Sales

    Marcia Anderson
    Section Image
  • Steven Coons

    Seller Co-Listing Agent in 2021

    Steven Coons

    Farnsworth Realty & Management

    (480) 766-6530

    23 in this area

    189 Total Sales

    Steven Coons
    Section Image

  • T

    Buyer's Agent in 2021

    Todd Pippin

    My Home Group

    (480) 544-4686

    1 in this area

    47 Total Sales

    Todd Pippin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6247947

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-75-004A

Arizona Maricopa County Mesa 85205 Central Mesa East

5309 E Boise St, 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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