NOT LISTED FOR SALE

Estimated Value: $636,000 - $864,000

8 Beds
-- Bath
3,074 Sq Ft
$245/Sq Ft Est. Value

Last Sold November 08, 2022

Last sale price $730,000 $237 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,050/month

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of November 2022

4-Unit, Garden-Style Property, Built in 1973. 100% 2-Bedroom / 1-Bathroom Unit Mix. Fully Renovated, Including Ceramic Tile Flooring, New Cabinetry, Countertops, White Appliances, Updated Bathrooms, & More. Each Unit Boasts In-Suite Washer & Dryer. Located Within Close Proximity to Arizona Loop 101 & 202, Mesa Riverview, & Tempe Marketplace

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 10/18/2022

Co-Listed By

Andrew Arambula

ABI Multifamily License #SA688881000

Last Buyer's Agent

Mark Skylar

E & G Real Estate Services License #SA661493000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,304

Year Built

  • Built in 1973

Lot Details

  • 8,494

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 110
  • Assessor Parcel Number 136-23-172

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8483
  • Pleasant Homes Subdivision Unit 2

Building Details

  • Operating Expense $1,304
  • Gross Income $245,196
  • Net Operating Income $44,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,304

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: PLEASANT HOMES SUBDIVISION UNIT 2
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Lot Info

  • Lot Size: 8483
  • Additional Parcels: No
  • Parcel #: 136-23-172

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 245196.0
  • Property Net Operating Income: 44907.0
  • Annual Operating Expense: 1304.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1304.0
  • Tax Book Number: 136.00
  • Tax Lot: 110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2025
Sold by
Mesa Family Rentals Properties Llc
Bought by
Masserman Tal
Current Estimated Value
$751,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,500
Outstanding Balance
$371,500
Interest Rate
5.71%
Mortgage Type
New Conventional
Estimated Equity
$380,395

Purchase Details

Listed on
Oct 18, 2022
Closed on
Nov 3, 2022
Sold by
Charger Bruins Llc
Bought by
Masserman Tal
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Mark Skylar
E & G Real Estate Services
List Price
$750,000
Sold Price
$730,000
Premium/Discount to List
-$20,000
-2.67%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.94%
Original Mortgage
$525,600
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2022
Closed on
Oct 31, 2022
Sold by
Masserman Tal
Bought by
Mesa Family Rental Properties Llc
Seller's Agent
Tom Palestina
ABI Multifamily
Buyer's Agent
Mark Skylar
E & G Real Estate Services
List Price
$750,000
Sold Price
$730,000
Premium/Discount to List
-$20,000
-2.67%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,600
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2019
Closed on
Oct 4, 2019
Sold by
Nguyen Sophie Nghiem and Tran Van C
Bought by
Charger Bruins Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$408,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2019
Closed on
Sep 12, 2019
Sold by
Varona Irma Yolanda
Bought by
Nguyen Sophia Nghiem and Tran Van C
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2012
Closed on
Nov 7, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Varona Irma Yolanda
Seller's Agent
Jason Laos
JK Realty
Buyer's Agent
Melanie Hunsaker
Darcam Real Estate Investments
List Price
$80,000
Sold Price
$88,101
Premium/Discount to List
$8,101
10.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.43%
Original Mortgage
$66,000
Interest Rate
3.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2011
Sold by
Citimortgage Inc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Nov 16, 2011
Sold by
Kurn Marlene K
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jan 13, 2000
Sold by
Basch Richard J and Basch Susan D
Bought by
Basch Richard J and Basch Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
7.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 4, 1999
Sold by
Ftp Investments Llc
Bought by
Kurn Marlene K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,060
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 1999
Sold by
Fairbanks Jeffrey Clark and Fairbanks Kristie Young
Bought by
Ftp Investments Llc

Purchase Details

Closed on
Mar 11, 1999
Sold by
Great Western Communities Inc
Bought by
Julian Jennifer L and Julian John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,947
Interest Rate
6.7%
Mortgage Type
FHA
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
Masserman Tal -- Clear Title Agency Of Arizona
Masserman Tal $730,000 Stewart Title & Trust Of Phoen
Mesa Family Rental Properties Llc -- --
Charger Bruins Llc -- Empire West Title Agency Llc
Nguyen Sophia Nghiem $545,000 Empire West Title Agency Llc
Varona Irma Yolanda -- Grand Canyon Title Agency
The Secretary Of Housing & Urban Develop -- First American Title Ins Co
Citimortgage Inc $148,988 None Available
Basch Richard J -- Capital Title Agency
Kurn Marlene K $148,000 --
Ftp Investments Llc -- --
Julian Jennifer L $110,000 Security Title Agency
Great Western Communities Inc $60,033 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masserman Tal $371,500
Previous Owner Masserman Tal $525,600
Previous Owner Nguyen Sophia Nghiem $408,750
Previous Owner Varona Irma Yolanda $66,000
Previous Owner Basch Richard J $57,600
Previous Owner Kurn Marlene K $143,060
Previous Owner Julian Jennifer L $108,947
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2022 11/08/22 Sold $730,000 -2.7% $237 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $750,000 +38.9% $244 / Sq Ft
09/26/2019 09/26/19 Sold $540,000 -0.9% $176 / Sq Ft View Prior Sale
09/23/2019 09/23/19 Sold $545,000 -8.4% $177 / Sq Ft View Prior Sale
08/27/2019 08/27/19 Pending -- -- --
08/05/2019 08/05/19 Pending -- -- --
07/02/2019 07/02/19 Price Changed $595,000 +10.2% $194 / Sq Ft
06/23/2019 06/23/19 For Sale $540,000 -12.2% $176 / Sq Ft
06/04/2019 06/04/19 For Sale $615,000 +598.1% $200 / Sq Ft
11/14/2012 11/14/12 Sold $88,101 +10.1% $29 / Sq Ft View Prior Sale
08/20/2012 08/20/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $80,000 -- $26 / 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 $1,327 $13,452 -- --
2024 $1,331 $12,811 -- --
2023 $1,331 $47,970 $9,590 $38,380
2022 $1,304 $35,600 $7,120 $28,480
2021 $1,320 $29,230 $5,840 $23,390
2020 $1,302 $26,100 $5,220 $20,880
2019 $1,217 $21,760 $4,350 $17,410
2018 $1,168 $19,270 $3,850 $15,420
2017 $1,133 $16,450 $3,290 $13,160
2016 $1,112 $15,570 $3,110 $12,460
2015 $1,045 $14,160 $2,830 $11,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6478631

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-172