NOT LISTED FOR SALE

Estimated Value: $856,000 - $1,211,000

12 Beds
-- Bath
4,312 Sq Ft
$240/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $975,000 $226 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,547/month

8 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating unit installed on the ceiling
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of November 2022

Premium 4 Plex in Mesa with 3 Bedroom & 2 Bath Units with Private Gated Yards! 8 Cov Park Spcs & Tile Roof. All Utilities are Paid by the Tenants and Metered Separately. All Units Leased and Current; #1 & #4 Are Longer Term Tenants. Rents Are: #1: $1100 (will be $1250 on 1/23); #2: $1550; #3: $1450 (will be $1525 on 1/23); #4: $1300 (all rental agreements will be month to month). #1 & #2 Had New AC's in 2020; #3 New AC in 2019; #4: AC in 2016. Unit #2; #3 & #4 Have Had Full Remodels with Flooring; Kitchen Countertops; Vanities, Light Fixtures, etc in 2017 & 2021. All Units Have a Separate Washer & Dryer for Each Unit, That is Included with the Sale! Well Managed 4 Plex with Great Tenants & Great Paying Also! More Room to Increase Rents in the Near Future! Please Do NOT the Disturb Tenants

Last Agent to Sell the Property

Bruce Duckett

Duckett Management & Real Estate License #BR537621000 Listed on: 11/07/2022

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,428

Year Built

  • Built in 1986

Lot Details

  • 10,193

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Schools

  • Mendoza Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Heat Pump System

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 37
  • Assessor Parcel Number 141-84-348

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10205
  • Manor View Subdivision

Building Details

  • Operating Expense $15,667
  • Gross Income $67,500
  • Net Operating Income $51,833

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,428

Year Built

Built in 1986

Lot Details

10,193 Sq Ft Lot

Listing Details

  • Cross Street: Recker & Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Professional Management Expense: 5200.0
  • Subdivision Name: MANOR VIEW
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood, Concrete
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Paved, >1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Heat Pump, Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Mendoza Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 10205
  • Additional Parcels: No
  • Parcel #: 141-84-348

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 67500.0
  • Insurance Expense: 1654.0
  • Maintenance Expense: 5230.0
  • Property Net Operating Income: 51833.0
  • Annual Operating Expense: 15667.0

Tax Info

  • Tax Annual Amount: 2428.0
  • Tax Book Number: 141.00
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Nov 30, 2022
Sold by
Relcap Llc
Bought by
Integrity Reliance Llc
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,050,000
Sold Price
$975,000
Premium/Discount to List
-$75,000
-7.14%
Views
9
Current Estimated Value
$1,036,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,741
Avg. Annual Appreciation
1.93%

Purchase Details

Closed on
Jul 12, 2011
Sold by
Velicevich John D
Bought by
Relcap Llc

Purchase Details

Closed on
Jul 21, 2010
Sold by
3646 Az Limited Liability Company
Bought by
Velicevich John D and Velicevich Andrea M E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2010
Sold by
Federal National Mortgage Association
Bought by
Guina Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
Federal Home Loan Mortgage Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2008
Sold by
Pullen David
Bought by
Pullen David G and Pullen Ida M

Purchase Details

Closed on
Jun 1, 2005
Sold by
Mcgee Michael
Bought by
Pullen David and Pullen Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2005
Sold by
Wilcox Lowell E
Bought by
Mcgee Michael and Mcgee Jaimee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,600
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2004
Sold by
Wilcox Lowell E
Bought by
Wilcox Lula J and Wilcox Lowell E

Purchase Details

Closed on
Oct 20, 2003
Sold by
Schilling Dennis R
Bought by
Wilcox Lowell Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2003
Sold by
Wilcox Penny J
Bought by
Wilcox Lowell Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2002
Sold by
Schilling Dennis R
Bought by
Schilling Dennis R and Schilling Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.74%

Purchase Details

Closed on
Jun 14, 2002
Sold by
Schilling Dennis R
Bought by
Schilling Dennis R and Schilling Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.74%

Purchase Details

Closed on
May 14, 2001
Sold by
Schilling Dennis R
Bought by
Schilling Dennis R and Schilling Lori A

Purchase Details

Closed on
Apr 2, 1998
Sold by
Millett Daniel G
Bought by
Schilling Dennis R and Schilling Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 1996
Sold by
Markview Ltd Partnership
Bought by
Millett Daniel G and Millett Colleen
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
Integrity Reliance Llc $975,000 Equity Title
Relcap Llc -- None Available
Velicevich John D $200,000 Magnus Title Agency
3646 Az Limited Liability Company -- Magnus Title Agency
Guina Erin $172,900 First American Title Ins Co
Federal Home Loan Mortgage Corp -- First American Title
Bac Home Loans Servicing Lp $235,000 First American Title
Pullen David G -- None Available
Pullen David $500,000 --
Mcgee Michael $412,000 --
Wilcox Lula J -- --
Wilcox Lowell Edward $355,000 Lawyers Title Insurance Corp
Wilcox Lowell Edward -- Lawyers Title Insurance Corp
Schilling Dennis R -- --
Schilling Dennis R -- Century Title Agency Inc
Schilling Dennis R -- --
Schilling Dennis R $250,000 Chicago Title Insurance Co
Millett Daniel G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Velicevich John D $150,000
Previous Owner Pullen David $350,000
Previous Owner Mcgee Michael $329,600
Previous Owner Wilcox Lowell Edward $235,000
Previous Owner Wilcox Lowell Edward $235,000
Previous Owner Schilling Dennis R $227,500
Previous Owner Schilling Dennis R $200,000
Closed Mcgee Michael $41,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $975,000 -7.1% $226 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $1,050,000 -- $244 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,472 $25,052 -- --
2024 $2,479 $23,859 -- --
2023 $2,479 $73,680 $14,730 $58,950
2022 $2,428 $52,320 $10,460 $41,860
2021 $2,458 $45,480 $9,090 $36,390
2020 $2,426 $40,600 $8,120 $32,480
2019 $2,266 $34,900 $6,980 $27,920
2018 $2,175 $31,760 $6,350 $25,410
2017 $2,110 $22,110 $4,420 $17,690
2016 $2,071 $21,720 $4,340 $17,380
2015 $1,947 $21,480 $4,290 $17,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6486533

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-348

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