NOT LISTED FOR SALE

557 S Olive Unit C14 Mesa, AZ 85204

Temple Neighborhood
8 Beds
4 Baths
840 Sq Ft
1984 Built

Last Sold March 31, 2022

Last sale price $740,000 $881 Per Sq Ft

8 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of March 2022

Well maintained 4plex. All units are 2 bedroom/1bath. Large lot and plenty of parking. Laundry in each unit. Owner pays water/sewer/trash. Tenant pays electric. Great potential for repositioning and increasing rents over time.

Last Agent to Sell the Property

James Miller

Dave Johnson Realty License #SA655143000 Listed on: 02/11/2022

Co-Listed By

David Johnson

Dave Johnson Realty License #BR626902000

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 1984

Home Design

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

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Schools

  • Holmes Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 28
  • Assessor Parcel Number 139-26-014-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular
  • Lynwood Tract Lots 25 32 Subdivision

Building Details

  • Operating Expense $5,381
  • Gross Income $42,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,331

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Horne and Marilyn Ave
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: dajo001
  • Co List Office Phone: 480-332-3262
  • Subdivision Name: LYNWOOD TRACT LOTS 25-32
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Concrete
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Brick Veneer, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), 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

Fee Information

  • Annual Water Sewer Expense: 4050.0

Schools

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

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 139-26-014-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 42630.0
  • Annual Operating Expense: 5381.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1331.0
  • Tax Book Number: 139.00
  • Tax Lot: 28
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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 Prior Sale
03/31/2022 03/31/22 Sold $740,000 -2.0% $881 / Sq Ft
02/25/2022 02/25/22 Price Changed $755,000 +10.2% $899 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/16/2022 02/16/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $685,000 +289.2% $815 / Sq Ft
05/10/2013 05/10/13 Sold $176,000 +3.6% $210 / Sq Ft View Prior Sale
04/01/2013 04/01/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $169,900 -- $202 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Miller

    Seller's Agent in 2022

    James Miller

    Dave Johnson Realty

    (480) 369-4618

    3 in this area

    64 Total Sales

    James Miller
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    David Johnson

    Dave Johnson Realty

    (520) 906-8111

    2 in this area

    46 Total Sales

    David Johnson
    Section Image

  • L

    Buyer's Agent in 2022

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    1 in this area

    84 Total Sales

    Larry Burr
    Section Image
  • Pamm Seago-Peterlin

    Seller's Agent in 2013

    Pamm Seago-Peterlin

    Century 21 Seago

    (480) 703-7355

    155 Total Sales

    Pamm Seago-Peterlin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6353593

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85204 Temple

557 S Olive Unit C14, 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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