NOT LISTED FOR SALE

Estimated Value: $629,000 - $770,000

-- Bed
-- Bath
3,034 Sq Ft
$220/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $480,000 $158 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,858/month

20 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • 8 Car Attached Garage
  • Franklin at Brimhall Elementary School Rated A
  • Heated Community Pool
  • Cooling Available

About This Home

As of October 2020

Excellent Investment Opportunity! Great cash-flow potential! All 4 HVAC units replaced in February of 2019. New dishwasher in one unit in 2019. All 4 water heaters less than 5 years old in all units. Quiet, well-maintained neighborhood. Each unit has a carport, storage unit, washer/dryer hookups. This Active 55+ Adult Community offers access to 2 clubhouses with pools, shuffleboard, social gatherings, and more! The yard has low-maintenance landscaping and mature fruit trees! Each unit has a shaded area for outdoor enjoyment.

Last Listed By

Katie Conway

Keller Williams Realty Sonoran Living License #SA662234000 Listed on: 08/29/2020

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,360

Year Built

  • Built in 1983

Lot Details

  • 0.29

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 8 Car Attached Garage
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Adult Elementary And Middle School
  • Adult 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
  • Tax Lot 32
  • Assessor Parcel Number 141-49-074-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,703 Sq Ft
  • Dreamland Villa 14 Subdivision

Recreation

  • Fitness Center
  • Heated Community Pool

Building Details

  • Operating Expense $4,740
  • Gross Income $3,850
  • Net Operating Income $13,245

Additional Features

  • Clubhouse
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,360

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Power & Main
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1983
  • Tax Year: 2019
  • Directions: From US 60, take Power Road North past Main Street. Take a left on Avalon, and immediate right onto the frontage road and then a left on Akron Street. The home is on the left side of the street.
  • Road Surface Type: Concrete
  • Subdivision Name: DREAMLAND VILLA 14
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, Attached, >1 Space Per Unit, Common
  • Attached Garage: Yes
  • 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
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: Exercise Room, Clubhouse, Manager Res/Office, Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): 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:Drapes2: Yes
  • Community Amenities:Clubhouse: Yes
  • Exterior Amenities:Pet Restrictions: 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: 12,703 Sq Ft
  • Additional Parcels: No
  • Parcel #: 141-49-074-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 3850.0
  • Insurance Expense: 2192.0
  • Maintenance Expense: 313.0
  • Property Net Operating Income: 13245.0
  • Annual Operating Expense: 4740.0

Tax Info

  • Tax Annual Amount: 1360.0
  • Tax Book Number: 141.00
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2025
Sold by
Lahood Dayne and Lahood Molly
Bought by
Akron Street Llc
Total Days on Market
20
Current Estimated Value
$666,714

Purchase Details

Listed on
Aug 29, 2020
Closed on
Oct 6, 2020
Sold by
Fossum Mary Jo and Mary Jo Fossum Living Trust
Bought by
Lahood Dayne and Lahood Molly
Seller's Agent
Katie Conway
Keller Williams Realty Sonoran Living
Buyer's Agent
Christy Rios
Keller Williams Integrity First
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$360,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2018
Sold by
Fossum Mary Jo
Bought by
Fossum Mary Jo

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
Akron Street Llc -- None Listed On Document
Akron Street Llc -- None Listed On Document
Lahood Dayne $480,000 Security Title Agency Inc
Fossum Mary Jo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lahood Dayne $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $480,000 0.0% $158 / Sq Ft
10/02/2020 10/02/20 For Sale $480,000 0.0% $158 / Sq Ft
08/29/2020 08/29/20 For Sale $480,000 -- $158 / 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 $1,506 $15,812 -- --
2024 $1,506 $15,059 -- --
2023 $1,506 $48,570 $9,710 $38,860
2022 $1,475 $35,770 $7,150 $28,620
2021 $1,470 $31,430 $6,280 $25,150
2020 $1,457 $29,050 $5,810 $23,240
2019 $1,360 $22,920 $4,580 $18,340
2018 $1,327 $22,010 $4,400 $17,610
2017 $1,289 $20,760 $4,150 $16,610
2016 $1,186 $18,660 $3,730 $14,930
2015 $1,175 $15,810 $3,160 $12,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6124683

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-49-074B