NOT LISTED FOR SALE

Estimated Value: $318,000 - $762,217

-- Bed
4 Baths
450 Sq Ft
$1,279/Sq Ft Est. Value

Last Sold July 02, 2014

Last sale price $147,500 $328 Per Sq Ft

Est. 290% increase in value since last sale

Current estimated payment $3,145/month

20 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2014

Centrally located in downtown Mesa and with a short walk to the new lightrail station. This property has the beneficial option of being switched to a T4 neighborhood flex zoning. The property offers a 3 bedroom single family home with a 4-plex in rear. 12% CAP Rate. Being sold ''As Is''. Owner willing to carry up to 80% for the right buyer. Home purchased with MLS 5123499 under one escrow for a combined purchase price of $295,000

Last Agent to Sell the Property

Joshua Smith

eXp Realty License #SA561667000 Listed on: 05/30/2014

eXp Realty

Co-Listed By

Doug Benchik

Realty ONE Group License #SA650560000

Last Buyer's Agent

Yun Lin

My Home Group Real Estate License #SA651644000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $629

Year Built

  • Built in 1939

Lot Details

  • 6,882

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 134-01-038

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are IRR
  • Vineyard Tract Subdivision

Building Details

  • Operating Expense $629
  • Net Operating Income $26,510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$629

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Cross Street: Country Club & Main Street
  • Property Type: Multiple Dwellings
  • Zoning: C-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1939
  • Tax Year: 2013
  • Directions: South to Mahoney West to the property. No sign on property. House in front, 4plex in rear.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rmpr07
  • Co List Office Phone: 480-270-5200
  • Subdivision Name: Vineyard Tract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks), None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Heat Pump
  • 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

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 134-01-038

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 5
  • Property Net Operating Income: 26510.0
  • Annual Operating Expense: 629.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 629.0
  • Tax Book Number: 134.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2014
Closed on
Jun 24, 2014
Sold by
Duran Fred and Duran Cheryl
Bought by
Wagon Wheel Investment Llc
Seller's Agent
Joshua Smith
eXp Realty
Buyer's Agent
Yun Lin
My Home Group Real Estate
List Price
$210,000
Sold Price
$147,500
Premium/Discount to List
-$62,500
-29.76%
Current Estimated Value
$575,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,054
Avg. Annual Appreciation
13.64%
Original Mortgage
$235,000
Outstanding Balance
$181,131
Interest Rate
4.09%
Mortgage Type
Seller Take Back
Estimated Equity
$438,129

Purchase Details

Closed on
May 10, 1999
Sold by
Cockrell Edgar H and Cockrell Linda K
Bought by
Duran Fred and Duran Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.86%
Mortgage Type
Seller Take Back
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
Wagon Wheel Investment Llc $295,000 Lawyers Title Of Arizona Inc
Duran Fred $125,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagon Wheel Investment Llc $235,000
Previous Owner Duran Fred $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2014 07/02/14 Sold $147,500 -29.8% $328 / Sq Ft
06/19/2014 06/19/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $210,000 -- $467 / 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 $951 $9,693 -- --
2024 $959 $9,232 -- --
2023 $959 $47,480 $9,490 $37,990
2022 $939 $30,430 $6,080 $24,350
2021 $951 $23,970 $4,790 $19,180
2020 $939 $21,180 $4,230 $16,950
2019 $877 $18,580 $3,710 $14,870
2018 $842 $15,380 $3,070 $12,310
2017 $816 $13,360 $2,670 $10,690
2016 $801 $11,600 $2,320 $9,280
2015 $753 $9,920 $1,980 $7,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5123424

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-01-038