$495,000
SOLD OCT 17, 2019
-- Bed
-- Bath
2,080 Sq Ft
8,102 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

1% Below List Price

1 Day on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2019

This renovated asset features a single level, brick building with an oversized lot for plenty of parking space plus washer/dryer in every unit. This building was completely renovated in 2019 & finished with premium finishes throughout. Renovation for ALL units include all NEW: plumbing from the street & interior of the building, roof, electrical panels, hot water tanks, energy efficient dual pane windows, front doors plus security doors, stainless steel appliances, white shaker cabinets, quartz countertops, wood-look floors, bathtubs, ceiling fans, lighting interior/exterior, plumbing fixtures & more! Great central Mesa location close to the Mesa Light Rail. Property sits on a large lot w/ plenty of space for parking. Turn key investment w/property management in place.

Last Agent to Sell the Property

Joshua Roubal

Dwellings Realty Group License #SA555438000 Listed on: 09/12/2019

Co-Listed By

Steven Rundle

Dwellings Realty Group License #BR536790000

Last Buyer's Agent

Alex Durham

Built By Referral Rlty Grp 02 License #BR664325000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $753

Year Built

  • Built in 1961

Home Design

  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

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

Schools

  • Holmes Elementary School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 139-26-117

Community Details

Overview

  • 4 Units
  • Building Dimensions are 134.88 x 62.70

Building Details

  • Operating Expense $10,360
  • Gross Income $42,960
  • Net Operating Income $32,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$753

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: E Broadway Rd and S Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2018
  • Directions: From Broadway, South on Bellview. Building will be on the left.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3007.0
  • Co List Office Mls Id: dllg01
  • Co List Office Phone: 480-629-8136
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Schools

  • Elementary School: Holmes Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 134.88 x 62.70
  • Additional Parcels: No
  • Parcel #: 139-26-117

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 42960.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 32600.0
  • Annual Operating Expense: 10360.0

Tax Info

  • Tax Annual Amount: 753.0
  • Tax Book Number: 139.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2019
Closed on
Oct 15, 2019
Sold by
Invesource Llc
Bought by
Glasser Brett G and Glasser Patricia L
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
Alex Durham
Built By Referral Rlty Grp 02
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Current Estimated Value
$511,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,667
Avg. Annual Appreciation
-0.55%
Original Mortgage
$367,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2019
Closed on
Jan 23, 2019
Sold by
Shih John L and Shih Alice N
Bought by
Invesource Llc
Seller's Agent
Edith Gilbertsen
West USA Realty
Buyer's Agent
Joshua Roubal
Dwellings Realty Group
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
161.72%
Original Mortgage
$213,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2009
Sold by
Aurora Loan Services Llc
Bought by
Shih John L and Shih Alice N

Purchase Details

Closed on
Oct 12, 2009
Sold by
Cristobal David and Cristobal Elizabeth
Bought by
Aurora Loan Services Llc

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
$199,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2004
Sold by
Jablin Marcie
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
$168,000
Interest Rate
6.62%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $495,000 Chicago Title Agency
Warranty Deed $250,000 Chicago Title Agency
Cash Sale Deed $70,000 Security Title Agency
Trustee Deed $210,799 None Available
Warranty Deed $249,000 --
Special Warranty Deed $210,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $365,000 New Conventional
Closed $367,500 New Conventional
Previous Owner $213,000 Commercial
Previous Owner $199,200 Purchase Money Mortgage
Previous Owner $168,000 New Conventional
Closed $31,500 No Value Available
Closed $24,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2019 10/17/19 Sold $495,000 -1.0% $238 / Sq Ft
09/12/2019 09/12/19 For Sale $499,900 +100.0% $240 / Sq Ft
01/31/2019 01/31/19 Sold $250,000 0.0% $120 / Sq Ft
01/10/2019 01/10/19 For Sale $250,000 -- $120 / 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 $851 $8,673 -- --
2024 $858 $8,260 -- --
2023 $858 $34,820 $5,970 $28,850
2022 $841 $23,930 $4,100 $19,830
2021 $851 $18,900 $3,240 $15,660
2020 $840 $16,650 $2,850 $13,800
2019 $785 $13,480 $2,310 $11,170
2018 $753 $11,140 $1,910 $9,230
2017 $731 $10,810 $1,850 $8,960
2016 $717 $9,890 $1,690 $8,200
2015 $674 $8,400 $1,440 $6,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5977481

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-117