NOT LISTED FOR SALE

Estimated Value: $365,000 - $473,000

Studio
4 Baths
1,200 Sq Ft
$348/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $156,500 $130 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $2,293/month

16 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of June 2016

Attention Investors! Solid block constructed duplex located in fantastic Mesa location close to freeways (202,101), light rail, shopping, new Cubs Stadium, Riverview Shopping Center, Tempe Marketplace, airport, etc. Close to schools. Long term month to month tenants already in place. Do Not Disturb Tenants.

Last Agent to Sell the Property

Richard Park

West USA Realty License #BR027366000 Listed on: 04/22/2016

West USA Realty

Last Buyer's Agent

Jorge Peralta

DeLex Realty License #SA637434000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $944

Year Built

  • Built in 1957

Lot Details

  • 6,316

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Eisenhower Center For Innovation Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 7
  • Assessor Parcel Number 137-29-007

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6,300
  • Bowen Tract Subdivision

Building Details

  • Operating Expense $4,144
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$944

Year Built

Built in 1957

Lot Details

6,316 Sq Ft Lot

Listing Details

  • Cross Street: Mesa Drive & University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: BOWEN TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2040.0

Schools

  • Elementary School: Eisenhower Center For Innovation
  • High School: Westwood High School
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 6,300
  • Additional Parcels: No
  • Parcel #: 137-29-007

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 2
  • Annual Gross Income: 15000.0
  • Insurance Expense: 660.0
  • Maintenance Expense: 500.0
  • Annual Operating Expense: 4144.0

Tax Info

  • Tax Annual Amount: 944.0
  • Tax Book Number: 137.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2022
Sold by
Janet Rodriguez
Bought by
Rios Norma Ann
Current Estimated Value
$417,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Outstanding Balance
$415,773
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$2,016

Purchase Details

Listed on
Apr 22, 2016
Closed on
May 10, 2016
Sold by
Martinez Jose I and Martinez Jodie K
Bought by
Rodriguez Janet
Seller's Agent
Richard Park
West USA Realty
Buyer's Agent
Jorge Peralta
DeLex Realty
List Price
$156,400
Sold Price
$156,500
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$153,664
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 29, 2014
Closed on
Sep 9, 2014
Sold by
552 & 554 North Drew Llc
Bought by
Martinez Jose I and Martinez Jodie K
Seller's Agent
James Ward
HomeSmart
Buyer's Agent
Richard Park
West USA Realty
List Price
$134,000
Sold Price
$134,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%
Original Mortgage
$79,500
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2010
Sold by
Matter Donna Lanore
Bought by
552 & 554 North Drew Llc

Purchase Details

Closed on
Aug 27, 1995
Sold by
Milord Michael K
Bought by
Matter Lanore
Source: Public Records
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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
Rios Norma Ann $450,000 Security Title
Rodriguez Janet $156,500 First American Title Ins Co
Martinez Jose I $129,500 American Title Svc Agency Ll
552 & 554 North Drew Llc -- None Available
Matter Lanore -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rios Norma Ann $441,849
Previous Owner Rodriguez Janet $153,664
Previous Owner Martinez Jose I $79,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2016 06/21/16 Sold $156,500 +0.1% $130 / Sq Ft
05/23/2016 05/23/16 Price Changed $156,400 0.0% $130 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $156,400 +16.7% $130 / Sq Ft
09/16/2014 09/16/14 Sold $134,000 0.0% $112 / Sq Ft View Prior Sale
08/19/2014 08/19/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $134,000 -- $112 / 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 $1,483 $12,154 -- --
2024 $1,050 $11,575 -- --
2023 $1,050 $26,700 $5,340 $21,360
2022 $1,025 $22,180 $4,430 $17,750
2021 $1,219 $18,470 $3,690 $14,780
2020 $1,177 $17,200 $3,440 $13,760
2019 $1,099 $15,900 $3,180 $12,720
2018 $1,212 $14,910 $2,980 $11,930
2017 $867 $13,680 $2,730 $10,950
2016 $1,005 $11,450 $2,290 $9,160
2015 $944 $9,750 $1,950 $7,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5431988

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-29-007

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