NOT LISTED FOR SALE

Estimated Value: $558,048 - $819,000

8 Beds
4 Baths
735 Sq Ft
$971/Sq Ft Est. Value

Last Sold April 26, 2012

Last sale price $175,000 $238 Per Sq Ft

Est. 314% increase in value since last sale

Current estimated payment $4,117/month

30 Days on Market

Highlights

  • Painted or Stained Flooring
  • Franklin at Brimhall Elementary School Rated A
  • 3-minute walk to Whitman Park

About This Home

As of April 2012

Fully remodeled 4-plex, one block from parks and schools, close to shopping and transportation. Great rental area in a community that is trending up. Each unit has an open floor plan with it's own laundry hookups. Individually metered for electric and water.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 03/13/2012

Last Buyer's Agent

Patrick O'Sullivan

Get Multifamily License #BR634211000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,427

Year Built

  • Built in 1984

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Kerr Elementary School
  • Mesa High School

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electric, trash
  • The owner pays for sewer, water

Community Details

Overview

  • $1,244 per year Dock Fee
  • 4 Units
  • Building Dimensions are 12265

Building Details

  • Insurance Expense $735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,427

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Tax Municipality: Mesa
  • Appliances Included: F/S Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: Center and McKellips
  • Floors: Ceramic Tile
  • Legal Info Lot Number: 21
  • Legal Info Range: 5E
  • Legal Info Section: 10
  • Legal Info Township: !N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 2000
  • Legal Description Abbrev: Center Park Lt 01-26 Tr A
  • Marketing Name: Center Park
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 8.00
  • Map Code Grid: Q39
  • Year Built: 1984
  • Tax Year: 2011
  • Directions: South on Center to Inglewood Street, West on Inglewood to Property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Mini Blinds

Exterior Features

  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit, Paved Parking
  • Total Parking Spaces: 8.00

Utilities

  • Water: Individual Meter
  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump

Condo/Co-op/Association

  • Community Amenities: See Remarks

Schools

  • Elementary School: Kerr Elementary School
  • Middle School: Kino Junior High School
  • High School: Mesa High School
  • Elementary School: Kerr Elementary School
  • High School: Mesa High School
  • Junior High School: Kino Junior High School

Lot Info

  • Lot Size: 12265

Multi Family

  • Income And Expenses Adjusted Gross Inc: 235440.00
  • Income And Expenses Annual Ins Exp: 735.00
  • Income And Expenses Annual Maint Exp: 1600.00
  • Income And Expenses Annual Mgmt Exp: 1648.00
  • Income And Expenses Annual Water Sewer Exp: 576.00
  • Income And Expenses Gross Annual Sch Inc: 26160.00
  • Income And Expenses Net Operating Income: 17272.00
  • Income And Expenses Operating Exp: 5803.00
  • Income And Expenses Vacancy Allowance: 10.00
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric, Trash
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 545.00
  • Two Bedroom Units Avg Sq Ft: 735
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1244.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2012
Closed on
Apr 24, 2012
Sold by
Dmb 1 Llc
Bought by
Cosmo Realty Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$190,000
Sold Price
$175,000
Premium/Discount to List
-$15,000
-7.89%
Current Estimated Value
$723,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$548,916
Avg. Annual Appreciation
10.92%
Original Mortgage
$110,000
Outstanding Balance
$77,148
Interest Rate
3.86%
Mortgage Type
Unknown
Estimated Equity
$616,844

Purchase Details

Listed on
Jan 23, 2012
Closed on
Jan 25, 2012
Sold by
Abushaibeh George
Bought by
Dbm-1 Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Richard Hollenback
eXp Realty
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
592.13%

Purchase Details

Closed on
Jul 13, 2010
Sold by
Fannie Mae
Bought by
Abushaibeh George

Purchase Details

Closed on
Mar 10, 2009
Sold by
Morales Algimiro and Morales Teresa
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 2, 2005
Sold by
Alamesa Llc
Bought by
Morales Algimiro and Morales Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,930
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2003
Sold by
Meteyer Lisa C and Sharma Anup
Bought by
Alamesa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2003
Sold by
Fierro Jorge
Bought by
Meteyer Lisa C and Sharma Anup

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2000
Sold by
Fierro Blanca Ericka
Bought by
Fiero Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
8.19%

Purchase Details

Closed on
Jun 4, 1998
Sold by
Udall Joseph M
Bought by
Fierro Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 1997
Sold by
Corporation Of The Presiding Bishop Of T
Bought by
Udall Joseph M

Purchase Details

Closed on
Jan 24, 1997
Sold by
Udall Heidi N
Bought by
Udall Joseph M

Purchase Details

Closed on
Nov 30, 1994
Sold by
King Norman O and King Miriam
Bought by
The Corp Of The Presiding Bishop Of The
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cosmo Realty Llc $175,000 Clear Title Agency Of Arizon
Dbm-1 Llc $110,000 Clear Title Agency Of Arizon
Abushaibeh George $65,100 Stewart Title & Trust Of Pho
Federal National Mortgage Association $264,974 First American Title
Morales Algimiro $279,900 Lawyers Title Ins
Alamesa Llc -- --
Meteyer Lisa C $210,000 Ticor Title Agency Of Az Inc
Fiero Jorge -- Fidelity National Title
Fierro Jorge $126,500 Grand Canyon Title Agency In
Udall Joseph M $85,000 North American Title Agency
Udall Joseph M -- North American Title Agency
The Corp Of The Presiding Bishop Of The -- Transamerica Title Ins Co
King Norman O $67,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dbm 1 Llc $110,000
Previous Owner Morales Algimiro $241,500
Previous Owner Morales Algimiro $195,930
Previous Owner Meteyer Lisa C $168,000
Previous Owner Fiero Jorge $142,000
Previous Owner Fierro Jorge $100,800
Closed Fierro Jorge $18,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2012 04/26/12 Sold $175,000 -7.9% $238 / Sq Ft
04/12/2012 04/12/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $190,000 +72.7% $259 / Sq Ft
01/31/2012 01/31/12 Sold $110,000 -4.3% $149 / Sq Ft
01/24/2012 01/24/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $115,000 -- $155 / 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 $1,427 $14,543 -- --
2024 $1,439 $13,850 -- --
2023 $1,439 $48,350 $9,670 $38,680
2022 $1,409 $36,270 $7,250 $29,020
2021 $1,427 $29,900 $5,980 $23,920
2020 $1,408 $26,820 $5,360 $21,460
2019 $1,316 $22,650 $4,530 $18,120
2018 $1,263 $20,130 $4,020 $16,110
2017 $1,225 $16,970 $3,390 $13,580
2016 $1,202 $16,410 $3,280 $13,130
2015 $1,130 $14,460 $2,890 $11,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4730379

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-18-114