$415,000
SOLD MAY 31, 2016
-- Bed
-- Bath
4,312 Sq Ft
10,106 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

2% Below List Price

12 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2021

Upscale 3 Bedroom / 2 Bath Apartments Built Town Home Style (upstairs / downstairs)with Private Gated Yards and 2 Covered Parking Spaces Per Unit. All Units are Separately Metered; Tenants Pay ALL Utilities (electric, water, sewer & trash)! RENTS ARE.....Unit #1: $850; #2: $875 (just remodeled); #3: $825 & #4: $875. Two (2) Units Have a Mixture of Tile Everywhere Except Bedrooms Which Have Carpet; One (1) Unit Has Tile and Wood Laminate Flooring & One (1) Unit Has Vinyl & Carpet Flooring. Very Little Deferred Maintenance; GREAT Tenants & Even More Upside On Current Rents & Future Sales Potential!! All Tile Roof; (2) Units Include the Washer & Dryer; GREAT INVESTMENT!! After, Expenses This 4 Plex Will Cash Flow $1400 Per Month Self Managing or $1165 with Property Management!

Last Agent to Sell the Property

Bruce Duckett

Duckett Management & Real Estate License #BR537621000 Listed on: 04/01/2016

Last Buyer's Agent

Marti Sauers

Watermark Arizona Properties License #BR636078000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,947

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • On-Street Parking

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Legal Lot and Block 36 / 4010
  • Assessor Parcel Number 141-84-347

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10,118
  • Manor View Lot 1 38 Subdivision

Building Details

  • Operating Expense $7,637
  • Gross Income $39,867
  • Net Operating Income $34,177

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,947

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Power & Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2015
  • Directions: West On Brown to 62nd Plc; North to Greenway; West to 6147 Greenway On the South Side of the Street. PLEASE DO NOT DISTURB TENANTS; NO SIGN ON PROPERTY.
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 3290.0
  • Subdivision Name: MANOR VIEW LOT 1-38
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: F/S Oven/Range, 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: Painted, Stucco, Block, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Street Parking, Common
  • 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:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: 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
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: 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: 10,118
  • Additional Parcels: No
  • Parcel #: 141-84-347

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 39867.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 34177.0
  • Annual Operating Expense: 7637.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1947.0
  • Tax Block: 4010
  • 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%
Current Estimated Value
$1,068,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,732
Avg. Annual Appreciation
1.77%

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
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 Type Sale Price Title Company
Warranty Deed $895,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- Greystone Title Agency Llc
Warranty Deed $415,000 Greystone Title Agency Llc
Interfamily Deed Transfer -- Grand Cyn Title Agency Inc
Warranty Deed $522,365 Grand Cyn Title Agency Inc
Warranty Deed $500,000 --
Interfamily Deed Transfer -- --
Warranty Deed $412,000 --
Interfamily Deed Transfer -- --
Warranty Deed $333,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Grand Canyon Title Agency In
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $311,250 New Conventional
Previous Owner $204,000 Purchase Money Mortgage
Previous Owner $204,000 Purchase Money Mortgage
Previous Owner $375,000 Negative Amortization
Previous Owner $370,800 Purchase Money Mortgage
Previous Owner $249,750 New Conventional
Previous Owner $111,950 No Value Available
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: 5421293

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-347