NOT LISTED FOR SALE

Estimated Value: $672,361 - $1,050,000

-- Bed
-- Bath
4,232 Sq Ft
$202/Sq Ft Est. Value

Last Sold December 07, 2012

Last sale price $247,500 $58 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $4,926/month

33 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of December 2012

Newer 2001 Built 3 Bed/2 Bath 4plex in High Demand Location. Renters pay ALL Utilities, as they are Individually Metered-Including Water! Each unit 1058 Square Feet / Large 17,737 Square Foot Lot! Rents average $742 per month. Tile Floors, Covered Parking, Laundry in Each Unit, Close to Bus Line, No HOA Dues, No Utilities - Not even trash...Renters pay!! Please Do Not Walk Property or Disturb Tenants!

Last Listed By

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 09/26/2012

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,696

Year Built

  • Built in 2001

Lot Details

  • 0.41

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Emerson Elementary School
  • Mesa High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • Tax Lot MB
  • Assessor Parcel Number 135-16-036-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular

Building Details

  • Operating Expense $2,696
  • Gross Income $35,616
  • Net Operating Income $35,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,696

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: Country Club and West 9th Street
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2001
  • Tax Year: 2011
  • Directions: Country Club - West on 9th to property
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 135-16-036-D

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 35616.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 35616.0
  • Annual Operating Expense: 2696.32

Tax Info

  • Tax Annual Amount: 1696.32
  • Tax Book Number: 135.00
  • Tax Lot: MB

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2012
Closed on
Dec 7, 2012
Sold by
Bick Roger and Bick Linda
Bought by
Ninth Street Fourplex Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$259,900
Sold Price
$247,500
Premium/Discount to List
-$12,400
-4.77%
Total Days on Market
33
Current Estimated Value
$855,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$607,840
Avg. Annual Appreciation
10.50%

Purchase Details

Listed on
Sep 26, 2012
Closed on
Dec 3, 2012
Sold by
Serrano Jose P and Serrano Diana
Bought by
Bick Roger and Bick Linda
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$259,900
Sold Price
$247,500
Premium/Discount to List
-$12,400
-4.77%

Purchase Details

Listed on
Jan 7, 2012
Closed on
Feb 6, 2012
Sold by
Federal National Mortgage Association
Bought by
Serrano Jose P and Serrao Diana
Seller's Agent
Renee Tulliani
Dealty Real Estate Services, LLC
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$180,900
Sold Price
$190,000
Premium/Discount to List
$9,100
5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.64%
Original Mortgage
$185,183
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2010
Sold by
Goldblatt Neal G and Goldblatt Arlene M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 9, 2007
Sold by
Baker James Edward
Bought by
Goldblatt Neal G and Goldblatt Arlene K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,920
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2003
Sold by
Mcgee Michael
Bought by
Baker James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2001
Sold by
Bellerose John A and Bellerose Carol C
Bought by
Mcgee Michael

Purchase Details

Closed on
Aug 10, 2001
Sold by
Mcgee Jamie R
Bought by
Mcgee Michael

Purchase Details

Closed on
Dec 18, 1998
Sold by
Nichols Pearl C
Bought by
Bellerose John A and Bellerose Carol C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
6.86%
Mortgage Type
Seller Take Back

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
Ninth Street Fourplex Llc -- Magnus Title Agency
Bick Roger $247,500 Magnus Title Agency
Serrano Jose P $190,000 Fidelity National Title Agen
Federal National Mortgage Association $393,110 First American Title
Goldblatt Neal G $439,900 First American Title Ins Co
Baker James E $355,000 Capital Title Agency Inc
Mcgee Michael $340,000 Capital Title Agency
Mcgee Michael -- Capital Title Agency
Bellerose John A -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Serrano Jose P $185,183
Previous Owner Goldblatt Neal G $351,920
Previous Owner Baker James E $298,200
Previous Owner Baker James E $300,000
Previous Owner Bellerose John A $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2012 12/07/12 Sold $247,500 -4.8% $58 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
09/26/2012 09/26/12 For Sale $259,900 +36.8% $61 / Sq Ft
03/16/2012 03/16/12 Sold $190,000 +5.0% $90 / Sq Ft
01/25/2012 01/25/12 Pending -- -- --
01/07/2012 01/07/12 For Sale $180,900 -- $86 / 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 $2,209 $22,508 -- --
2024 $2,227 $21,436 -- --
2023 $2,227 $60,720 $12,140 $48,580
2022 $2,181 $47,130 $9,420 $37,710
2021 $2,208 $39,780 $7,950 $31,830
2020 $2,179 $36,280 $7,250 $29,030
2019 $2,036 $30,820 $6,160 $24,660
2018 $1,954 $27,660 $5,530 $22,130
2017 $1,896 $24,350 $4,870 $19,480
2016 $1,861 $23,020 $4,600 $18,420
2015 $1,749 $19,960 $3,990 $15,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4824789

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-16-036D