NOT LISTED FOR SALE

Estimated Value: $311,899 - $346,000

Studio
2 Baths
700 Sq Ft
$471/Sq Ft Est. Value

Last Sold December 29, 2016

Last sale price $160,000 $229 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $1,782/month

16 Days on Market

Highlights

  • Fitness Center
  • Heated Spa
  • Clubhouse
  • Franklin at Brimhall Elementary School Rated A
  • RV or Boat Parking
  • Tennis Courts

About This Home

As of December 2016

Fantastic duplex for sale in Dreamland Villa, a 55+ community. 2-1B1B 700 sq ft units are clean and well-maintained in a great location. Each unit features new carpeting, tile, plantation shutters, inside laundry and security doors. Storage galore for your tenants. Roof updated in 2012, HVAC in 2007 and Dual-pane windows in 2006. Backyard workshop has electricity and A/C. Property offers mature fruit trees, fully fenced backyard and RV gate/parking. Live in one side and rent the other!
Renters have access to Dreamland Villa Community Club amenities for the low price of $175/pp/yr. Enjoy heated pools, spa, shuffleboard, tennis, pickle ball, cards, billiards, potlucks, hiking, and community events. See the Dreamland Villa website to learn more. No HOA. W/D in each unit convey.

Last Agent to Sell the Property

Beth Heitkamp-Madson

Real Broker License #SA647083000 Listed on: 11/30/2016

Real Broker

Last Buyer's Agent

Beth Heitkamp-Madson

Keller Williams Integrity First License #SA647083000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $653

Year Built

  • Built in 1970

Lot Details

  • 7,841

Home Design

  • Composition Roof
  • Block Exterior
  • Siding

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • RV or Boat Parking

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Additional Features

  • Concrete Flooring
  • Heated Spa

Listing and Financial Details

  • Tenant pays for trash collection, electricity, cable TV
  • The owner pays for water, landscaping
  • Tax Lot 1315
  • Assessor Parcel Number 141-63-074

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7831
  • Dreamland Villa 11 Subdivision

Recreation

  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • Operating Expense $2,735
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$653

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: University and Recker
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: DREAMLAND VILLA 11
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Siding, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV/Boat Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Shuffle Brd/Lawn Bwl, Tennis Court(s), Exercise Room, Clubhouse, Manager Res/Office, Heated Spa(s), Spa(s), Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Interior Amenities:Shutters2: Yes
  • Community Amenities:Tennis Court(s)2: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:Heated Spa(s): Yes
  • Community Amenities:Shuffle BrdLawn Bwl: Yes
  • Community Amenities:Heated Pool(s): Yes

Schools

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

Lot Info

  • Lot Size: 7831
  • Additional Parcels: No
  • Parcel #: 141-63-074

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 1616.8
  • Annual Operating Expense: 2735.07

Tax Info

  • Tax Annual Amount: 653.0
  • Tax Book Number: 141.00
  • Tax Lot: 1315

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2025
Sold by
Hiatt Kent Rich
Bought by
Hiatt David Kent
Current Estimated Value
$328,324

Purchase Details

Closed on
Nov 13, 2018
Sold by
Hiatt Kent R and Hiatt David Kent
Bought by
Hiatt Kent R

Purchase Details

Listed on
Nov 30, 2016
Closed on
Dec 20, 2016
Sold by
Towell Carl J and Towell Joan C
Bought by
Hiatt Kent and Hiatt Billie M
Seller's Agent
Beth Heitkamp-Madson
Real Broker
Buyer's Agent
Beth Heitkamp-Madson
Real Broker
List Price
$168,000
Sold Price
$160,000
Premium/Discount to List
-$8,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Aug 9, 1999
Sold by
Starich L Carl
Bought by
Towell Carl J and Towell Joan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 1997
Sold by
Starich L Carl
Bought by
Starich L Carl and L Carl Starich Trust
Source: Public Records
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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
Hiatt David Kent -- None Listed On Document
Hiatt Kent R -- None Available
Hiatt Kent $160,000 Lawyers Title Of Arizona Inc
Towell Carl J $90,000 First American Title
Starich L Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Towell Carl J $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2016 12/29/16 Sold $160,000 -4.8% $229 / Sq Ft
11/30/2016 11/30/16 For Sale $168,000 -- $240 / 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 $776 $8,150 -- --
2024 $782 $7,762 -- --
2023 $782 $24,860 $4,970 $19,890
2022 $764 $18,630 $3,720 $14,910
2021 $762 $16,880 $3,370 $13,510
2020 $755 $15,600 $3,120 $12,480
2019 $708 $12,320 $2,460 $9,860
2018 $689 $11,970 $2,390 $9,580
2017 $671 $10,830 $2,160 $8,670
2016 $653 $9,320 $1,860 $7,460
2015 $610 $7,810 $1,560 $6,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5530464

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-63-074