NOT LISTED FOR SALE

608 W 5th Ave Mesa, AZ 85210

West Central Mesa Neighborhood

Estimated Value: $564,000 - $738,000

1 Bed
-- Bath
2,604 Sq Ft
$255/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $230,000 $88 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $3,583/month

3 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of April 2017

DON'T MISS THIS GREAT INVESTMENT OPPORTUNITY. 4 units, all with 2 bedroom/1bath. All units come with refrigerator, built in range/oven, and washer and dryer hookups. All 4 units are rented. Large fenced in grass front area. Each unit has 1 covered parking space w/storage closet and 1 uncovered parking spot

Last Agent to Sell the Property

Teri Mogensen

Coldwell Banker Realty License #SA646546000 Listed on: 04/07/2017

Coldwell Banker Realty

Last Buyer's Agent

Eric Ford

My Home Group Real Estate License #SA640295000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1960

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 9 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Guerrero Elementary School
  • Powell Junior High School
  • Dobson High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 12
  • Assessor Parcel Number 134-10-014

Community Details

Overview

  • Building Dimensions are 0.27 acres
  • Southwest Mesa Center Subdivision

Building Details

  • Operating Expense $4,395
  • Gross Income $21,300
  • Net Operating Income $16,905

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,092

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Broadway & Extension
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2016
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Subdivision Name: SOUTHWEST MESA CENTER
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Assigned, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: 2 or More Units, Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Guerrero Elementary School
  • High School: Dobson High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Powell Junior High School

Lot Info

  • Lot Size: 0.27 acres
  • Additional Parcels: No
  • Parcel #: 134-10-014

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Cable TV
  • Number Of Units Total: 1
  • Annual Gross Income: 21300.0
  • Insurance Expense: 903.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 16905.0
  • Annual Operating Expense: 4395.0

Tax Info

  • Tax Annual Amount: 1092.0
  • Tax Book Number: 134.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2021
Sold by
Leu David
Bought by
House Cristina
Current Estimated Value
$664,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$198,098
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$466,235

Purchase Details

Closed on
Apr 27, 2021
Sold by
Lucky Old Sun Finance Llc
Bought by
House Cristina S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$198,098
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$466,235

Purchase Details

Listed on
Apr 7, 2017
Closed on
Apr 17, 2017
Sold by
Johnson Marvin Donald and Johnson Chelle
Bought by
Lucky Old Sun Finance Llc
Seller's Agent
Teri Mogensen
Coldwell Banker Realty
Buyer's Agent
Eric Ford
My Home Group Real Estate
List Price
$270,000
Sold Price
$230,000
Premium/Discount to List
-$40,000
-14.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.90%

Purchase Details

Closed on
Dec 24, 2014
Sold by
Johnson Marvin Donald and Johnson Chelle
Bought by
Johnson Marvin Donald and Johnson Chelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2002
Sold by
Cowgur John Vernon
Bought by
Johnson Marvin Donald and Johnson Doreen Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.96%
Mortgage Type
Seller Take Back
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
House Cristina -- Security Title Agency Inc
House Cristina S $600,000 Security Title Agency Inc
House Cristina S $600,000 Security Title
Lucky Old Sun Finance Llc $230,000 Driggs Title Agency Inc
Johnson Marvin Donald -- Old Republic Title
Johnson Marvin Donald $125,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open House Cristina $220,000
Closed House Cristina S $220,000
Previous Owner Johnson Marvin Donald $110,000
Previous Owner Johnson Marvin Donald $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2017 04/21/17 Sold $230,000 -14.8% $88 / Sq Ft
04/07/2017 04/07/17 For Sale $270,000 -- $104 / 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 $1,306 $13,238 -- --
2024 $1,310 $12,608 -- --
2023 $1,310 $45,470 $9,090 $36,380
2022 $1,283 $33,380 $6,670 $26,710
2021 $1,299 $28,250 $5,650 $22,600
2020 $1,282 $24,900 $4,980 $19,920
2019 $1,198 $20,660 $4,130 $16,530
2018 $1,149 $18,410 $3,680 $14,730
2017 $1,115 $15,710 $3,140 $12,570
2016 $1,094 $13,920 $2,780 $11,140
2015 $1,029 $13,270 $2,650 $10,620
Source: Public Records

Agents Affiliated with this Home

  • Teri Mogensen

    Seller's Agent in 2017

    Teri Mogensen

    Coldwell Banker Realty

    (623) 255-2699

    39 Total Sales

    Teri Mogensen
    Section Image
  • Eric Ford

    Buyer's Agent in 2017

    Eric Ford

    My Home Group Real Estate

    (602) 538-5544

    258 Total Sales

    Eric Ford
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5587565

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-10-014

Arizona Maricopa County Mesa 85210 West Central Mesa

608 W 5th Ave, Mesa, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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