NOT LISTED FOR SALE

544 N Horne Mesa, AZ 85203

Mesa Patios Neighborhood
2 Beds
1 Bath
3,201 Sq Ft
12,197 Sq Ft

Last Sold February 07, 2014

Last sale price $520,000 $162 Per Sq Ft

149 Days on Market

Highlights

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

About This Home

As of February 2014

Centrally Located and Well-maintained 11- apartment complex on three parcels, two 4-plexes and one triplex. Professionally managed and consistently rented to quality tenants. All are large, two-bedroom units (800 square feet). Electricity Separately metered.
**do not disturb tenants**

Last Agent to Sell the Property

George Bliss

ProSmart Realty License #SA110285000 Listed on: 07/23/2013

ProSmart Realty

Co-Listed By

Melody Bramer

Keller Williams Integrity First License #SA526989000

Last Buyer's Agent

Allen Blanchard

West USA Realty License #BR003629000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,662

Year Built

  • Built in 1983

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 17 Parking Spaces
  • 11 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 137-13-099-E

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are irregular
  • Green Acres Re Platted Subdivision

Building Details

  • Operating Expense $20,322
  • Gross Income $60,734
  • Net Operating Income $48,674

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,662

Year Built

Built in 1983

Lot Details

0.28 Acres

Listing Details

  • Cross Street: University & Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Professional Management Expense: 5600.0
  • Co List Office Mls Id: kwif01
  • Co List Office Phone: 480-854-2400
  • Subdivision Name: Green Acres Re-platted
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: 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

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7500.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: Yes
  • Parcel #: 137-13-099-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 11
  • Annual Gross Income: 60733.5
  • Insurance Expense: 1900.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 48674.0
  • Annual Operating Expense: 20322.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2662.0
  • Tax Book Number: 137.00
  • Tax Lot: 23
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2014 02/07/14 Sold $520,000 -20.6% $162 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
07/23/2013 07/23/13 For Sale $654,500 -- $204 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,766 $17,903 -- --
2024 $1,772 $17,051 -- --
2023 $1,772 $59,350 $11,870 $47,480
2022 $1,735 $45,400 $9,080 $36,320
2021 $1,756 $36,920 $7,380 $29,540
2020 $1,733 $33,180 $6,630 $26,550
2019 $1,620 $27,960 $5,590 $22,370
2018 $1,554 $25,320 $5,060 $20,260
2017 $1,508 $21,800 $4,360 $17,440
2016 $1,480 $20,760 $4,150 $16,610
Source: Public Records

Agents Affiliated with this Home

  • George Bliss

    Seller's Agent in 2014

    George Bliss

    ProSmart Realty

    (480) 807-8237

    11 Total Sales

    George Bliss
    Section Image
  • Melody Bramer

    Seller Co-Listing Agent in 2014

    Melody Bramer

    Keller Williams Integrity First

    (602) 290-3643

    20 Total Sales

    Melody Bramer
    Section Image

  • A

    Buyer's Agent in 2014

    Allen Blanchard

    West USA Realty

    (602) 677-3505

    5 Total Sales

    Allen Blanchard
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4972221

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85203 Mesa Patios

544 N Horne, 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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