NOT LISTED FOR SALE

Estimated Value: $359,000 - $985,842

12 Beds
6 Baths
1,416 Sq Ft
$494/Sq Ft Est. Value

Last Sold March 22, 2012

Last sale price $195,000 $138 Per Sq Ft

Est. 259% increase in value since last sale

Current estimated payment $3,831/month

41 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Washer and Dryer
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2012

Not a short sale or bank-owned! All units currently leased; please do not disturb tenants. The annual maintenance, gas and electric expense varies and the annual management expense is 8% of the gross rent. Community laundry room with equipment included. Each unit has newly installed water heaters and AC units installed in 2011 and newly installed landscaping watering system in 2012. Electric and gas bills only include laundry room use. Two units rent for $500 and the other four for $485.All facts, figures and measurements are approximate and not guaranteed. Buyer to verify during inspection period.

Last Agent to Sell the Property

Pamm Seago-Peterlin

Century 21 Seago License #SA021333000 Listed on: 01/26/2012

Century 21 Seago

Last Buyer's Agent

Armando Lozano

Real Estate Brokers Intl License #SA575621000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,773

Year Built

  • Built in 1963

Lot Details

  • 0.27

Parking

  • On-Street Parking

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Schools

  • Lowell Elementary School - Mesa
  • Mesa High School

Additional Features

  • Ceramic Tile Flooring
  • Washer and Dryer
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electric, gas
  • The owner pays for landscaping, sewer, trash collection, water

Community Details

Overview

  • $2,596 per year Dock Fee
  • 6 Units
  • Building Dimensions are Approximately 175 x 64 x

Building Details

  • Insurance Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,773

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Tax Municipality: Maricopa - COUNTY
  • Appliances Included: BI Oven/Range, F/S Oven/Range, Refrigerator, Washer/Dryer
  • Cross Street: Broadway Rd and Mesa Dr
  • Floors: Ceramic Tile
  • Legal Info Cnty Rcrd Bk Pg Number: 002921
  • Legal Info Lot Number: 18
  • Legal Info Range: 5E
  • Legal Info Section: 26
  • Legal Info Township: 1N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 750
  • Marketing Name: Leased sixplex
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 6.00
  • Map Code Grid: R39
  • Year Built: 1963
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Mini Blinds

Exterior Features

  • Exterior Amenities: Landscape Wtr System, Separate Storage

Garage/Parking

  • Parking: Carport, Street Parking
  • Total Parking Spaces: 12.00
  • Covered Parking Spaces: 6.00

Utilities

  • Water: Irrigation
  • Electric: City Electric, Individual Meter
  • Gas: City Gas
  • Cooling: Ceiling Fan(s), Central A/C
  • Heating: Central, Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Junior High School: Mesa Junior High School

Lot Info

  • Lot Size: Approximately 175 x 64 x

Multi Family

  • Efficiency Units Baths: 1
  • Efficiency Units Rent: 490.00
  • Efficiency Units Sq Ft: 708
  • Income And Expenses Annual Elec Exp: 700.00
  • Income And Expenses Annual Gas Exp: 400.00
  • Income And Expenses Annual Ins Exp: 2000.00
  • Income And Expenses Annual Landscape Exp: 400.00
  • Income And Expenses Annual Mgmt Exp: 2822.00
  • Income And Expenses Net Operating Income: 26362.00
  • Income And Expenses Operating Exp: 8917.66
  • Number Of Two Bedroom Units: 6
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric, Gas
  • Total Numberof Buildings: 3
  • Total Numberof Units: 6.00
  • Two Bedroom Units Avg Rent: 490.00
  • Two Bedroom Units Avg Sq Ft: 708
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 2595.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2013
Sold by
Lakeshore Llc
Bought by
Masterfort Group Llc
Current Estimated Value
$699,461

Purchase Details

Listed on
Jan 26, 2012
Closed on
Mar 21, 2012
Sold by
Jcn 4 Rentalproperties Llc
Bought by
Lakeshore Llc
Seller's Agent
Pamm Seago-Peterlin
Century 21 Seago
Buyer's Agent
Armando Lozano
Real Estate Brokers Intl
List Price
$230,000
Sold Price
$195,000
Premium/Discount to List
-$35,000
-15.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%

Purchase Details

Closed on
Jun 1, 2011
Sold by
Niles James
Bought by
Jcn 4 Rentalproperties Llc

Purchase Details

Closed on
Mar 10, 2011
Sold by
City National Bank
Bought by
Niles James

Purchase Details

Closed on
Aug 23, 2010
Sold by
Cristobal David and Cristobal Elizabeth
Bought by
City Of Natoinal Bank

Purchase Details

Closed on
Jun 21, 2005
Sold by
Steffen Mark and Steffen Janice
Bought by
Cristobal David and Cristobal Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,993
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2004
Sold by
Jablin Maricie
Bought by
Steffen Mark and Steffen Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2004
Sold by
Jablin Darren and Jablin Irwin
Bought by
Jablin Marcie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.99%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Masterfort Group Llc -- None Available
Lakeshore Llc $195,000 Fidelity National Title Agen
Jcn 4 Rental Properties Llc -- Fidelity National Title Agen
Jcn 4 Rentalproperties Llc -- None Available
Niles James $110,000 Stewart Title & Trust Of Pho
City Of Natoinal Bank $105,000 None Available
Cristobal David $341,000 Capital Title Agency Inc
Steffen Mark $255,000 Capital Title Agency Inc
Jablin Marcie -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cristobal David $251,993
Previous Owner Steffen Mark $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2012 03/22/12 Sold $195,000 -15.2% $138 / Sq Ft
03/07/2012 03/07/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $230,000 -- $162 / 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 $1,773 $17,967 -- --
2024 $1,778 $17,112 -- --
2023 $1,778 $67,910 $13,580 $54,330
2022 $1,741 $46,050 $9,210 $36,840
2021 $1,763 $37,160 $7,430 $29,730
2020 $1,740 $33,820 $6,760 $27,060
2019 $1,625 $26,980 $5,390 $21,590
2018 $1,560 $22,300 $4,460 $17,840
2017 $1,513 $20,860 $4,170 $16,690
2016 $1,485 $18,850 $3,770 $15,080
2015 $1,396 $17,220 $3,440 $13,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4710282

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-23-049