NOT LISTED FOR SALE

Estimated Value: $498,000 - $621,000

4 Beds
-- Bath
2,124 Sq Ft
$263/Sq Ft Est. Value

Last Sold January 11, 2023

Last sale price $520,620 $245 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,036/month

73 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Individual Controls for Heating

About This Home

As of January 2023

Back on the market, buyer could not perform. REDUCED TO SELL RIGHT NOW! This is a great opportunity to purchase a recently remodeled, ''turn-key'' investment property. Perfect for any investor, this fourplex is in the heart of Mesa, conveniently located near colleges, hospitals, amusement parks, shopping centers, and freeways 60 and 87. All units have new bathrooms and kitchens with granite and shaker cabinets. Several units have updated or new flooring, plumbing, electrical, AC units, water heaters, and roofs. Units are individually metered for electric, and the property has no HOA. Each unit also has its own private yard.

Last Agent to Sell the Property

Nathan Waite

Silverhawk Realty License #SA677376000 Listed on: 09/07/2022

Last Buyer's Agent

Scott Clausen

Real Broker License #SA697442000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1961

Lot Details

  • 8,102

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Schools

  • Lowell Elementary School - Mesa
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 139-26-118

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Kathleen Manor Subdivision

Building Details

  • Operating Expense $1,083
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,083

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Broadway and Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2021
  • Directions: Head west on Broadway Rd, Turn left onto Bellview. Property will be on the left.
  • Road Surface Type: Concrete
  • Subdivision Name: KATHLEEN MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 139-26-118

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 40800.0
  • Annual Operating Expense: 1083.0

Tax Info

  • Tax Annual Amount: 1083.0
  • Tax Book Number: 139.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2022
Closed on
Jan 12, 2023
Sold by
4211 S 3Rd Street Llc
Bought by
Thomas Colton
Seller's Agent
Nathan Waite
Silverhawk Realty
Buyer's Agent
Scott Clausen
Real Broker
List Price
$675,000
Sold Price
$520,620
Premium/Discount to List
-$154,380
-22.87%
Views
164
Current Estimated Value
$557,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,314
Avg. Annual Appreciation
1.51%
Original Mortgage
$422,326
Outstanding Balance
$410,795
Interest Rate
6.49%
Mortgage Type
VA
Estimated Equity
$131,341

Purchase Details

Listed on
Jul 24, 2021
Closed on
Aug 24, 2021
Sold by
Mesa Ventures Llc
Bought by
4211 S 3Rd Street Llc
Seller's Agent
Blaine Jarvis
Bullseye Property Management, LLC
Buyer's Agent
Carson Griesemer
ABI Multifamily
List Price
$499,000
Sold Price
$505,000
Premium/Discount to List
$6,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Mar 30, 2010
Sold by
Tyler Chance
Bought by
Mesa Ventures Llc

Purchase Details

Closed on
Jul 20, 2009
Sold by
Tyler Kristal
Bought by
Tyler Chance

Purchase Details

Closed on
Feb 10, 2009
Sold by
Briones Ortiz Martin
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 25, 2004
Sold by
Torres Guadalupe Antunez
Bought by
Briones Ortiz Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2000
Sold by
Arellano Martina
Bought by
Briones Ortiz Martin

Purchase Details

Closed on
Nov 12, 1997
Sold by
Hansen Albert N and Hansen Christine J
Bought by
Power Of Two Llc

Purchase Details

Closed on
Apr 29, 1997
Sold by
Frazier Daryl and Beck Darlene M
Bought by
Hansen Albert N and Hansen Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
11.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 1996
Sold by
Beck James C
Bought by
Beck Darlene M

Purchase Details

Closed on
Nov 30, 1995
Sold by
Law K W and Law Marian P
Bought by
Frazier Daryl and Beck Darlene M

Purchase Details

Closed on
Nov 20, 1995
Sold by
Beatty Robert and Mckinney Mark O
Bought by
Law K W and Law Marian P

Purchase Details

Closed on
Dec 1, 1994
Sold by
Beatty Robert
Bought by
M A C Investments Inc

Purchase Details

Closed on
Aug 15, 1994
Sold by
Wesleyan Investments Inc
Bought by
M A C Investments Inc

Purchase Details

Closed on
Apr 27, 1994
Sold by
Beatty Robert
Bought by
Wesleyan Investments Inc
Source: Public Records

Range of Values:

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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
Thomas Colton $520,620 Navi Title
4211 S 3Rd Street Llc $505,000 Pioneer Title Agency Inc
Mesa Ventures Llc -- None Available
Tyler Chance -- Guaranty Title Agency
Tyler Chance $46,100 Guaranty Title Agency
Deutsche Bank National Trust Company $183,100 Security Title Agency
Briones Ortiz Martin -- Land Title Agency Of Az Inc
Briones Ortiz Martin -- Ati Title Agency
Briones Ortiz Martin $118,000 Ati Title Agency
Power Of Two Llc $75,000 Chicago Title Insurance Co
Hansen Albert N $75,000 Chicago Title Insurance Co
Beck Darlene M -- Chicago Title Insurance Co
Frazier Daryl -- Chicago Title Insurance Co
Law K W -- Stewart Title & Trust
M A C Investments Inc -- --
M A C Investments Inc -- --
Wesleyan Investments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Colton $422,326
Previous Owner Briones Ortiz Martin $153,000
Previous Owner Hansen Albert N $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $520,620 -13.1% $245 / Sq Ft
01/07/2023 01/07/23 Price Changed $599,000 0.0% $282 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/01/2022 11/01/22 Price Changed $599,000 -3.2% $282 / Sq Ft
10/10/2022 10/10/22 Price Changed $619,000 -7.6% $291 / Sq Ft
09/20/2022 09/20/22 Price Changed $670,000 -0.7% $315 / Sq Ft
09/06/2022 09/06/22 For Sale $675,000 +33.7% $318 / Sq Ft
08/31/2021 08/31/21 Sold $505,000 +1.2% $238 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
07/24/2021 07/24/21 For Sale $499,000 -- $235 / 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 $1,084 $11,044 -- --
2024 $1,093 $10,518 -- --
2023 $1,093 $37,100 $7,420 $29,680
2022 $1,070 $25,770 $5,150 $20,620
2021 $1,083 $20,420 $4,080 $16,340
2020 $1,069 $17,980 $3,590 $14,390
2019 $999 $14,500 $2,900 $11,600
2018 $959 $11,860 $2,370 $9,490
2017 $930 $11,630 $2,320 $9,310
2016 $913 $10,660 $2,130 $8,530
2015 $858 $9,600 $1,920 $7,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6460147

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-118