NOT LISTED FOR SALE

Estimated Value: $425,000 - $493,000

-- Bed
1 Bath
1,526 Sq Ft
$302/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $485,500 $318 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,665/month

28 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2024

Value add opportunity, Rents are below market. ZONED Rm2! Front building is a home with basement that has been blocked off. Rear unit has large warehouse and office with extra bathroom not counted. Basement and rear units have mini splits, and main upstairs house has a/c unit. Zoning has opportunity for addle units added on this oversized lot (city approval and permitting would be needed). Can be purchased in a package deal with MLS# 6661583, 6661515, 6661587 for $1,770.00 This is the only property of the three that seller will consider selling independent of the other 2.

Last Agent to Sell the Property

Chad Kamp

Exit Realty Coannah License #BR533142000 Listed on: 02/08/2024

Exit Realty Coannah

Last Buyer's Agent

rSteven Lucero

M&B Realty License #SA531661000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,907

Year Built

  • Built in 1945

Lot Details

  • Additional Parcels

Parking

  • Common or Shared Parking

Home Design

  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Schools

  • Lincoln Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Legal Lot and Block 4 2 / 2
  • Assessor Parcel Number 139-36-082-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 20723
  • Almond Place Subdivision

Building Details

  • Operating Expense $8,707
  • Gross Income $34,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,907

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr and Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Directions: South on Mesa Dr. Driveway to property on West side
  • Road Surface Type: Alley
  • Subdivision Name: ALMOND PLACE
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Common
  • Attached Garage: No
  • Garage Details: Yes
  • Parking:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Other, 2 or More Units, Central A/C
  • Heating: 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:_two_ or More Units3: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 5000.0

Schools

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

Lot Info

  • Lot Size: 20723
  • Additional Parcels: Yes
  • Parcel #: 139-36-082-A

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 34770.0
  • Insurance Expense: 1800.0
  • Annual Operating Expense: 8707.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1907.0
  • Tax Block: 2
  • Tax Book Number: 139.00
  • Tax Lot: 4 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Apr 16, 2024
Sold by
Klwb Llc
Bought by
Lucero Andrew
Seller's Agent
Chad Kamp
Exit Realty Coannah
Buyer's Agent
rSteven Lucero
M&B Realty
List Price
$500,000
Sold Price
$485,500
Premium/Discount to List
-$14,500
-2.9%
Views
54
Current Estimated Value
$460,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,311
Avg. Annual Appreciation
-1.74%
Original Mortgage
$476,705
Outstanding Balance
$471,806
Interest Rate
6.94%
Mortgage Type
FHA
Estimated Equity
$2,227

Purchase Details

Closed on
Aug 5, 2020
Sold by
Brown Justen and Brown Heather A
Bought by
Klwb Llc

Purchase Details

Listed on
Aug 10, 2018
Closed on
Nov 13, 2018
Sold by
H2 Investment Properties Llc
Bought by
Brown Justin and Brown Heather A
Seller's Agent
Jason Penrose
eXp Realty
Buyer's Agent
Chad Kamp
Exit Realty Coannah
List Price
$245,000
Sold Price
$258,000
Premium/Discount to List
$13,000
5.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%
Original Mortgage
$193,500
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2003
Sold by
Robinson Etta Lou
Bought by
Robinson Chad
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
Lucero Andrew $485,500 Fidelity National Title Agency
Klwb Llc -- Accommodation
Brown Justin $258,000 Lawyers Title Of Arizona Inc
Robinson Chad -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucero Andrew $476,705
Previous Owner Brown Justen $192,600
Previous Owner Brown Justin $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2024 04/16/24 Sold $485,500 -2.9% $318 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $500,000 +93.8% $328 / Sq Ft
12/18/2018 12/18/18 Sold $258,000 +5.3% $169 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
09/20/2018 09/20/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $245,000 +2.1% $161 / Sq Ft
09/12/2017 09/12/17 Sold $239,900 -4.0% $157 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
08/03/2017 08/03/17 For Sale $249,900 -- $164 / 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 $1,891 $19,271 -- --
2024 $1,907 $18,353 -- --
2023 $1,907 $30,700 $5,050 $25,650
2022 $1,868 $23,480 $3,860 $19,620
2021 $1,890 $23,300 $3,830 $19,470
2020 $1,866 $21,570 $3,550 $18,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6661515

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-082A