NOT LISTED FOR SALE

Estimated Value: $824,653 - $1,228,000

Studio
-- Bath
4,312 Sq Ft
$228/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $405,000 $94 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $5,286/month

34 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2016

WOW. All 3 bedroom/2 bathroom units w/ fenced yards, covered parking and all individually metered units (including water). Building is 2 story stucco w/ tile roof. Owner may carry financing with good down payment (25% down--call for details). Drive by only. Do not disturb tenants. Neighboring 4-plex also for sale (6148) for the same price and terms. Unit 2 has newer AC unit and Unit # 4 newer cabinets.

Last Agent to Sell the Property

David Gudmundsen

Better Homes & Gardens Real Estate SJ Fowler License #BR105719000 Listed on: 03/10/2016

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Ken Tasopulos

Better Homes & Gardens Real Estate SJ Fowler License #SA524907000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,067

Year Built

  • Built in 1986

Lot Details

  • 10,280

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • Tax Lot 24
  • Assessor Parcel Number 141-84-335

Community Details

Overview

  • 4 Units
  • Building Dimensions are 77 x 132
  • Manor View Subdivision

Building Details

  • Operating Expense $5,766
  • Gross Income $145,200
  • Net Operating Income $28,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,067

Year Built

Built in 1986

Lot Details

10,280 Sq Ft Lot

Listing Details

  • Cross Street: Power and Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: MANOR VIEW
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: None, F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:None38: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

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

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 77 x 132
  • Additional Parcels: No
  • Parcel #: 141-84-335

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 145200.0
  • Insurance Expense: 940.0
  • Maintenance Expense: 2759.0
  • Property Net Operating Income: 28719.0
  • Annual Operating Expense: 5766.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 2067.0
  • Tax Book Number: 141.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2017
Sold by
Mcmahon Brian J and Mcmahon Sharon J
Bought by
Mcmahon Brian J and Mcmahon Sharon J
Current Estimated Value
$983,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,500
Outstanding Balance
$187,034
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$796,629

Purchase Details

Listed on
Mar 10, 2016
Closed on
Apr 19, 2016
Sold by
6156 East Greenway Llc
Bought by
The Mcmahon Living Trust
Seller's Agent
David Gudmundsen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
List Price
$424,900
Sold Price
$405,000
Premium/Discount to List
-$19,900
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$218,050
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 18, 2013
Sold by
Ebert William
Bought by
6156 East Greenway Llc

Purchase Details

Closed on
Jul 13, 2012
Sold by
Ebert Carla Jean
Bought by
Ebert William

Purchase Details

Closed on
Jul 12, 2012
Sold by
6165 East Greenway Llc
Bought by
Ebert William B

Purchase Details

Closed on
May 23, 2011
Sold by
Jbc Property Investments Llc
Bought by
6156 East Greenway Llc

Purchase Details

Closed on
Nov 24, 2010
Sold by
Wells Fargo Bank Na
Bought by
Jbc Property Investments Llc

Purchase Details

Closed on
Aug 24, 2010
Sold by
Vien Thanh
Bought by
Wells Fargo Bank Na and Wachovia Mortgage Fsb

Purchase Details

Closed on
Jul 25, 2008
Sold by
Vien Thanh H
Bought by
Vien Thanh H and Lu Johnny

Purchase Details

Closed on
Feb 29, 2008
Sold by
Lu Johnny
Bought by
Vien Thanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,350
Interest Rate
5.65%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 30, 2007
Sold by
Lu Bessie
Bought by
Lu Tracye

Purchase Details

Closed on
Jul 18, 2006
Sold by
Lu Tracye
Bought by
Lu Tracye and Lu Bessie

Purchase Details

Closed on
Jul 14, 2005
Sold by
Masters Randy
Bought by
Lu Tracye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2005
Sold by
Wilcox Lowell E
Bought by
Masters Randy

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
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2003
Sold by
Wilcox Penny
Bought by
Wilcox Lowell E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2003
Sold by
Mcentire Kim W
Bought by
Kwm Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2003
Sold by
Mcentire Heidi L
Bought by
Mcentire Kim W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 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
$131,495
Interest Rate
5.96%
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
Mcmahon Brian J -- Security Title Agency Inc
Mcmahon Brian J -- Security Title Agency Inc
The Mcmahon Living Trust $405,000 Lawyers Title Of Arizona Inc
6156 East Greenway Llc -- None Available
Ebert William -- None Available
Ebert William B -- None Available
6156 East Greenway Llc -- None Available
Jbc Property Investments Llc $200,000 Pioneer Title Agency Inc
Wells Fargo Bank Na $177,905 Lsi Title Company
Vien Thanh H -- None Available
Vien Thanh -- California Counties Title Co
Vien Thanh -- California Counties Title Co
Lu Tracye -- None Available
Lu Tracye -- Grand Canyon Title Agency
Lu Tracye $485,000 --
Masters Randy $412,000 --
Wilcox Lowell E -- Lawyers Title Insurance Corp
Wilcox Lowell E $354,900 Lawyers Title Insurance Corp
Mcentire Kim W -- Lawyers Title Insurance Corp
Kwm Property Management Llc $335,000 Lawyers Title Insurance Corp
Mcentire Kim W -- Lawyers Title Insurance Corp
Mcentire Kim W $332,000 Lawyers Title Insurance Corp
Millett Donald G -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahon Brian J $222,500
Closed The Mcmahon Living Trust $218,050
Previous Owner Vien Thanh $317,350
Previous Owner Lu Tracye $339,500
Previous Owner Masters Randy $370,800
Previous Owner Mcentire Kim W $240,000
Previous Owner Mcentire Kim W $300,000
Previous Owner Millett Donald G $131,495
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2016 05/12/16 Sold $405,000 -4.7% $94 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $424,900 -- $99 / 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 $2,625 $26,604 -- --
2024 $2,633 $25,338 -- --
2023 $2,633 $75,600 $15,120 $60,480
2022 $2,578 $53,670 $10,730 $42,940
2021 $2,610 $46,670 $9,330 $37,340
2020 $2,576 $41,660 $8,330 $33,330
2019 $2,407 $36,560 $7,310 $29,250
2018 $2,310 $33,710 $6,740 $26,970
2017 $2,241 $23,460 $4,690 $18,770
2016 $2,199 $23,080 $4,610 $18,470
2015 $2,067 $22,470 $4,490 $17,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5411158

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-335

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