NOT LISTED FOR SALE

Estimated Value: $658,705 - $821,000

8 Beds
-- Bath
3,520 Sq Ft
$216/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $505,000 $143 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,264/month

7 Days on Market

Highlights

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

About This Home

As of December 2020

Awesome property! Single level, block construction property. Large (880 sqft) 2 bedroom, 1 bath apartments. Huge living room, dining area, galley kitchen, washer/dryer hook up, tons of storage, two spacious bedrooms with 2 closets. Property has been cared for with long term tenants. Each unit its own yard area. Close to schools, shopping, freeways, transit and downtown Mesa.

Last Agent to Sell the Property

Chad Cluff

Cluff Real Estate LLC License #BR567582000 Listed on: 11/20/2020

Last Buyer's Agent

Michael Bennett

ATLAS AZ, LLC License #SA692576000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,507

Year Built

  • Built in 1963

Lot Details

  • 8,407

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 135-16-055-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 62x135
  • Indian Arms Subdivision

Building Details

  • Operating Expense $9,307
  • Gross Income $44,152
  • Net Operating Income $37,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,507

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Country Club and Brown
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2020
  • Directions: South on Country Club to Rio Salado. West to Date St. North to 9th Place, East to property on south side of street.
  • Road Surface Type: Gravel, Dirt
  • Professional Management Expense: 1800.0
  • Subdivision Name: Indian Arms
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: 62x135
  • Additional Parcels: No
  • Parcel #: 135-16-055-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 44152.2
  • Insurance Expense: 1800.0
  • Property Net Operating Income: 37169.0
  • Annual Operating Expense: 9307.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1507.0
  • Tax Book Number: 135.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 30, 2020
Sold by
Biggs Brittany A and Cluff Chad
Bought by
Alteir Nizsar Mohammad and Chamma Imaan Al
Seller's Agent
Chad Cluff
Cluff Real Estate LLC
Buyer's Agent
Michael Bennett
ATLAS AZ, LLC
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%
Current Estimated Value
$759,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,176
Avg. Annual Appreciation
8.29%
Original Mortgage
$378,750
Outstanding Balance
$341,829
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$390,116

Purchase Details

Closed on
Dec 29, 2017
Sold by
Cb Residential Equity Llc
Bought by
Biggs Brittany A and Cluff Chad E

Purchase Details

Closed on
Jan 23, 2017
Sold by
Monson Llc
Bought by
Cb Residential Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 10, 2012
Closed on
Jul 5, 2013
Sold by
Montane Walter
Bought by
Biggs Brittany Anne
Seller's Agent
Chad Cluff
Cluff Real Estate LLC
Buyer's Agent
Chad Cluff
Cluff Real Estate LLC
List Price
$189,000
Sold Price
$155,000
Premium/Discount to List
-$34,000
-17.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$112,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2012
Closed on
Jun 24, 2013
Sold by
Montante Walter
Bought by
Pavone Anthony
Seller's Agent
Chad Cluff
Cluff Real Estate LLC
Buyer's Agent
Chad Cluff
Cluff Real Estate LLC
List Price
$189,000
Sold Price
$155,000
Premium/Discount to List
-$34,000
-17.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Montante Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,285
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2009
Sold by
Wedaa Michael Douglas and Fliehler Jeffrey
Bought by
Hsbc Bank Usa National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,285
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2005
Sold by
Quirk Allen Douglas and Romero Maria Elena
Bought by
Wedaa Micahel Douglas and Fliehler Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2004
Sold by
Le Grande Investments Llc
Bought by
Quirk Allen Douglas and Romero Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,750
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2004
Sold by
Hillard C Dale and Hillard Virginia A
Bought by
Le Grande Investments Llc

Purchase Details

Closed on
Aug 26, 2002
Sold by
Shamy Jerrolyn and Bondoc Jerrolyn E
Bought by
Hillard C Dale and Hillard Virginia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.43%
Mortgage Type
New Conventional
Source: Public Records

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
Alteir Nizsar Mohammad $505,000 First Integrity Title Co
Biggs Brittany A -- None Available
Cb Residential Equity Llc -- First Arizona Title Agency
Biggs Brittany Anne $155,000 First Arizona Title Agency
Montane Walter -- None Available
Pavone Anthony -- None Available
Montante Walter $87,550 First American Title Ins Co
Hsbc Bank Usa National Association $236,624 Accommodation
Wedaa Micahel Douglas $315,000 --
Quirk Allen Douglas $261,000 Ticor Title Agency Of Az Inc
Le Grande Investments Llc -- Stewart Title & Trust
Hillard C Dale $190,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alteir Nizsar Mohammad $378,750
Previous Owner Biggs Brittany A $203,175
Previous Owner Cb Residential Equity Llc $156,000
Previous Owner Biggs Brittany Anne $112,000
Previous Owner Montante Walter $61,285
Previous Owner Wedaa Michael Douglas $190,000
Previous Owner Wedaa Micahel Douglas $220,500
Previous Owner Quirk Allen Douglas $195,750
Previous Owner Hillard C Dale $166,600
Previous Owner Hillard C Dale $152,000
Closed Wedaa Micahel Douglas $47,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $505,000 -3.8% $143 / Sq Ft
11/19/2020 11/19/20 For Sale $525,000 +238.7% $149 / Sq Ft
05/15/2013 05/15/13 Sold $155,000 -18.0% $44 / Sq Ft
05/15/2013 05/15/13 Pending -- -- --
12/10/2012 12/10/12 For Sale $189,000 -- $54 / 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 $1,528 $15,563 -- --
2024 $1,540 $14,822 -- --
2023 $1,540 $49,360 $9,870 $39,490
2022 $1,508 $38,520 $7,700 $30,820
2021 $1,527 $31,930 $6,380 $25,550
2020 $1,507 $29,100 $5,820 $23,280
2019 $1,408 $25,330 $5,060 $20,270
2018 $1,351 $20,680 $4,130 $16,550
2017 $1,311 $20,310 $4,060 $16,250
2016 $1,287 $18,630 $3,720 $14,910
2015 $1,209 $15,260 $3,050 $12,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6162809

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-16-055B