NOT LISTED FOR SALE

Estimated Value: $727,000 - $1,230,000

12 Beds
-- Bath
4,312 Sq Ft
$223/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $895,000 $208 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,552/month

73 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2021

4-plex with all three-bedroom, two-bath units available. Only one other sale in the neighborhood in the the last two years! Three New Heat Pump Units June 2019, April 2021 and May 2021 - the fourth is a 2013 unit. Tenants pay all utilities - All units individually metered. All Units have Courtyards and two have additional Private Yards. DO NOT ENTER THE PROPERTY OR DISTURB TENANTS. Contact your real estate agent or if not represented, Listing Broker for access and offer instructions.

Last Listed By

Marti Sauers

Watermark Arizona Properties License #BR636078000 Listed on: 07/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,426

Year Built

  • Built in 1986

Lot Details

  • 10,106

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • Assigned Parking

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 36
  • Assessor Parcel Number 141-84-347

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10118
  • Manor View Subdivision

Building Details

  • Operating Expense $10,826
  • Gross Income $66,300
  • Net Operating Income $57,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,426

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Power and Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2020
  • Directions: West on Power to North on 61st Street, Right on Greenway to building on right. DO NOT ENTER THE PROPERTY OR DISTURB TENANTS. Drive-by only.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 5000.0
  • Subdivision Name: MANOR VIEW
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: 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, Free, Assigned, >1 Space Per Unit, 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:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: 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
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 100.0

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: 10118
  • Additional Parcels: No
  • Parcel #: 141-84-347

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 100.0
  • Annual Gross Income: 66300.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 350.0
  • Property Net Operating Income: 57339.0
  • Annual Operating Expense: 10826.0

Tax Info

  • Tax Annual Amount: 2426.0
  • Tax Book Number: 141.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Oct 4, 2021
Sold by
Larson Kali
Bought by
Mcguire Pernell W and Mcguire Nancy F
Seller's Agent
Marti Sauers
Watermark Arizona Properties
Buyer's Agent
Pernell McGuire
HomeSmart
List Price
$899,000
Sold Price
$895,000
Premium/Discount to List
-$4,000
-0.44%
Total Days on Market
73
Current Estimated Value
$959,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,831
Avg. Annual Appreciation
1.95%

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 24, 2016
Sold by
Morin Sally
Bought by
Larson Kali
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Marti Sauers
Watermark Arizona Properties
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.42%
Original Mortgage
$311,250
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2007
Sold by
Tilston Isabelle Anna
Bought by
Tilston Gregory Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2007
Sold by
Smith William
Bought by
Tilston Gregory Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2005
Sold by
Demartino Christopher Allan
Bought by
Smith William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 26, 2005
Sold by
Demartino Brenda J
Bought by
Demartino Christopher Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,800
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2003
Sold by
Rosetti David L
Bought by
Rosetti David L and Rosetti Linda J

Purchase Details

Closed on
Mar 10, 2003
Sold by
Millett Donald G
Bought by
Rosetti David L and Rosetti Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,750
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2002
Sold by
Millett Donald G
Bought by
Millett Donald G and Millett Donna S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,950
Interest Rate
5.83%

Purchase Details

Closed on
Jul 13, 1999
Sold by
Millett Donald G
Bought by
Millett Donald G and Millett Donna S

Purchase Details

Closed on
Jul 8, 1999
Sold by
Millett Donald G
Bought by
Millett Donald G and Millett Donna S

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
Mcguire Pernell W $895,000 Pioneer Title Agency Inc
Larson Kali -- Greystone Title Agency Llc
Larson Kali $415,000 Greystone Title Agency Llc
Tilston Gregory Gene -- Grand Cyn Title Agency Inc
Tilston Gregory Gene $522,365 Grand Cyn Title Agency Inc
Smith William $500,000 --
Demartino Christopher Allan -- --
Demartino Christopher Allan $412,000 --
Rosetti David L -- --
Rosetti David L $333,000 Lawyers Title Of Arizona Inc
Millett Donald G -- Grand Canyon Title Agency In
Millett Donald G -- Chicago Title Insurance Co
Millett Donald G -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguire Pernell W $489,600
Previous Owner Larson Kali $311,250
Previous Owner Tilston Gregory Gene $204,000
Previous Owner Tilston Gregory Gene $204,000
Previous Owner Smith William $375,000
Previous Owner Demartino Christopher Allan $370,800
Previous Owner Rosetti David L $249,750
Previous Owner Millett Donald G $111,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $895,000 -0.4% $208 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $899,000 0.0% $208 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $899,000 +116.6% $208 / Sq Ft
05/31/2016 05/31/16 Sold $415,000 -2.4% $96 / Sq Ft
05/16/2016 05/16/16 Price Changed $425,000 0.0% $99 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $425,000 -- $99 / 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 $2,460 $25,061 -- --
2024 $2,480 $23,867 -- --
2023 $2,480 $73,620 $14,720 $58,900
2022 $2,429 $52,270 $10,450 $41,820
2021 $2,458 $45,430 $9,080 $36,350
2020 $2,426 $40,550 $8,110 $32,440
2019 $2,267 $34,870 $6,970 $27,900
2018 $2,176 $31,730 $6,340 $25,390
2017 $2,111 $22,100 $4,420 $17,680
2016 $2,072 $21,710 $4,340 $17,370
2015 $1,947 $21,470 $4,290 $17,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6263340

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-347