NOT LISTED FOR SALE

551 S Hobson Mesa, AZ 85204

Temple Neighborhood

Estimated Value: $389,000 - $749,000

-- Bed
-- Bath
1,951 Sq Ft
$322/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $240,000 $123 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $3,555/month

4 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of June 2018

100% occupied fourplex with longterm tenants (one 10+ years!) and below market rents, all on month-to month agreements. Irrigated lot with shaded courtyard and coin-op laundry on site. Must be sold with adjacent triplex 549 S Hobson MLS#5752965. Excellent opportunity to own 7 units with residential financing. Owner will not make repairs. Priced accordingly. Roof replaced in 2009. Owner/agent.

Last Agent to Sell the Property

Doris Torres

Superb Realty Brokerage Email: kbtracy@cox.net License #BR548578000 Listed on: 04/15/2018

Superb Realty

Last Buyer's Agent

Sophia Baron

Grace CRE License #BR648866000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,033

Year Built

  • Built in 1958

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 25
  • Assessor Parcel Number 139-26-002-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR
  • Lynwood Tract Lots 25 32 Subdivision

Building Details

  • Operating Expense $7,751
  • Gross Income $25,480
  • Net Operating Income $18,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,033

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: BROADWAY & MESA DRIVE
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2017
  • Directions: East on Broadway, South on Hobson to property on eastside of street.
  • Attribution Contact: kbtracy@cox.net
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: LYNWOOD TRACT LOTS 25-32
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Ceiling Fan(s), Window/Wall Unit, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • 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

Fee Information

  • Trash Expense: 1316.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 139-26-002-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 1020.0
  • Annual Gross Income: 25480.0
  • Insurance Expense: 1282.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 18862.0
  • Annual Operating Expense: 7751.0

Tax Info

  • Tax Annual Amount: 1033.0
  • Tax Book Number: 139.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2018
Closed on
May 30, 2018
Sold by
Sct Investment Properties Hobson Llc
Bought by
Dunigan Ryan and Dunigan Erin
Seller's Agent
Doris Torres
Superb Realty
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$244,900
Sold Price
$240,000
Premium/Discount to List
-$4,900
-2%
Current Estimated Value
$631,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,082
Avg. Annual Appreciation
14.69%

Purchase Details

Closed on
Jan 19, 2016
Sold by
Torres Steven C and Torres Doris B
Bought by
Sct Investment Properties Hobson Llc

Purchase Details

Closed on
Jun 2, 2005
Sold by
Torres Steven C and Torres Doris B
Bought by
Sct Investment Properties Hobson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2005
Sold by
Ddavis Homes Llc
Bought by
Torres Steven C and Torres Doris B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2004
Sold by
Davis Mark
Bought by
Davis Homes Llc

Purchase Details

Closed on
Oct 2, 2003
Sold by
Sandusky David and Sandusky Darlene
Bought by
Davis Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,780
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2003
Sold by
Davis Moline
Bought by
Davis Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,780
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2000
Sold by
Redwine Allan K and Redwine Robin L
Bought by
Sandusky David and Sandusky Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,200
Interest Rate
7.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2000
Sold by
Roth Steven E and Roth Jill M
Bought by
Redwine Allan K and Redwine Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.2%
Mortgage Type
Commercial
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
Dunigan Ryan $415,000 Chicago Title Agency Inc
Sct Investment Properties Hobson Llc -- None Available
Sct Investment Properties Hobson Llc -- Capital Title Agency Inc
Torres Steven C $280,000 Capital Title Agency Inc
Davis Homes Llc -- --
Davis Mark $189,900 Capital Title Agency Inc
Davis Mark -- Capital Title Agency Inc
Sandusky David $186,000 First American Title
Redwine Allan K $120,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Steven C $224,000
Previous Owner Davis Mark $111,780
Previous Owner Sandusky David $130,200
Previous Owner Redwine Allan K $84,000
Closed Davis Mark $13,990
Closed Torres Steven C $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2018 06/01/18 Sold $240,000 -2.0% $123 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
04/15/2018 04/15/18 For Sale $244,900 -- $126 / 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 $1,204 $12,267 -- --
2024 $1,214 $11,683 -- --
2023 $1,214 $51,350 $10,270 $41,080
2022 $1,189 $34,480 $6,890 $27,590
2021 $1,203 $27,830 $5,560 $22,270
2020 $1,188 $25,410 $5,080 $20,330
2019 $1,110 $20,330 $4,060 $16,270
2018 $1,065 $18,560 $3,710 $14,850
2017 $1,033 $15,680 $3,130 $12,550
2016 $1,014 $14,000 $2,800 $11,200
2015 $953 $12,830 $2,560 $10,270
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Doris Torres

    Superb Realty

    Section Image
  • Sophia Baron

    Buyer's Agent in 2018

    Sophia Baron

    Grace CRE

    (480) 375-0227

    87 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5752967

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-002A

Arizona Maricopa County Mesa 85204 Temple

551 S Hobson, Mesa, AZ

This home is located at 551 S Hobson, Mesa, AZ 85204 since 15 April 2018 and is currently estimated at $628,261, approximately $322 per square foot. This property was built in 1958. 551 S Hobson is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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