NOT LISTED FOR SALE

5925 E Norland St Mesa, AZ 85215

Estimated Value: $523,399 - $904,000

Studio
-- Bath
3,234 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 02, 2015

Last sale price $250,000 $77 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $4,072/month

17 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Bush Elementary School Rated A-

About This Home

As of June 2015

FULLY RENTED! ENJOY YOUR CASH FLOW!! 3 UNITS ARE 2 BEDROOM/2 BATHS AND 1 UNIT IS A 2 BED /1 BATH. INCLUDES COVERED PARKING. GREAT LOCATION. PERFECT FOR THE INVESTOR.

Last Agent to Sell the Property

Matthew Potter

Real Broker License #SA647555000 Listed on: 03/13/2015

Real Broker

Co-Listed By

Nicole Allen

Real Broker License #SA586945000

Last Buyer's Agent

Bruce Duckett

Duckett Management & Real Estate License #BR537621000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,815

Year Built

  • Built in 1985

Lot Details

  • 7,710

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet

Parking

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

Schools

  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 17
  • Assessor Parcel Number 141-80-396

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7828
  • Loma Vista Subdivision

Building Details

  • Operating Expense $4,876
  • Gross Income $24,578
  • Net Operating Income $20,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,815

Year Built

Built in 1985

Lot Details

7,710 Sq Ft Lot

Listing Details

  • Cross Street: Recker and McDowell Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: stho001
  • Co List Office Phone: 480-696-5500
  • Subdivision Name: Loma Vista
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Other (See Remarks), None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2280.0

Schools

  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 7828
  • Additional Parcels: No
  • Parcel #: 141-80-396

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 24578.4
  • Insurance Expense: 781.0
  • Property Net Operating Income: 20993.0
  • Annual Operating Expense: 4875.84
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1814.84
  • Tax Book Number: 141.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2020
Sold by
Adornato Patrick and Deir Yvonne
Bought by
Adornato Patrick and Deir Yvonne
Current Estimated Value
$744,850

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 5, 2015
Sold by
Tan Xiang Yi and Tan Dengxiang
Bought by
Adornato Patrick and Deir Yvonne
Seller's Agent
Matthew Potter
Real Broker
Buyer's Agent
Bruce Duckett
Duckett Management & Real Estate
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%
Original Mortgage
$175,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tan Dengxiang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2010
Sold by
Amtrust Bank
Bought by
Federal Home Loan Mortgage Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2010
Sold by
Xu Ya Ling
Bought by
Amtrust Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2005
Sold by
Aguirre Luciano and Aguirre Dominga
Bought by
Xu Yaling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,250
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Marne Llc
Bought by
Aguirre Luciano and Aguirre Dominga

Purchase Details

Closed on
Feb 20, 2003
Sold by
Coester David K and Coester Neva M
Bought by
Marne Llc

Purchase Details

Closed on
Jan 28, 1997
Sold by
Rivard Bert L and Rivard Ida S
Bought by
Harms Virgil R and Harms Marcele H

Purchase Details

Closed on
Apr 28, 1994
Sold by
Rivard Bert L and Rivard Ida S
Bought by
Rivard Bert L and Rivard Ida S
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Adornato Patrick -- None Available
Adornato Patrick $250,000 Grand Canyon Title Agency
Tan Dengxiang $156,000 First American Title Ins Co
Federal Home Loan Mortgage Corp -- First American Title
Amtrust Bank $231,415 First American Title
Xu Yaling $389,000 --
Aguirre Luciano $280,000 --
Marne Llc -- --
Harms Virgil R $138,000 First American Title
Rivard Bert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adornato Patrick $175,000
Previous Owner Tan Dengxiang $117,000
Previous Owner Xu Yaling $284,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2015 06/02/15 Sold $250,000 -3.8% $77 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $260,000 -- $80 / 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 $2,352 $23,837 -- --
2024 $2,359 $22,702 -- --
2023 $2,359 $60,360 $12,070 $48,290
2022 $2,310 $40,350 $8,070 $32,280
2021 $2,338 $36,520 $7,300 $29,220
2020 $2,308 $32,300 $6,460 $25,840
2019 $2,156 $26,130 $5,220 $20,910
2018 $2,070 $24,950 $4,990 $19,960
2017 $2,008 $20,770 $4,150 $16,620
2016 $1,971 $19,820 $3,960 $15,860
2015 $1,852 $18,160 $3,630 $14,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5250343

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-396

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