NOT LISTED FOR SALE

Estimated Value: $452,000 - $665,000

4 Beds
-- Bath
2,080 Sq Ft
$263/Sq Ft Est. Value

Last Sold February 07, 2020

Last sale price $380,000 $183 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,153/month

17 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2020

***MUST SEE INVESTMENT*** VALUE-ADD 4-plex close to the revitalized Downtown Mesa. The property is a single level made with block construction boasting a brand-new roof. All one bedroom one bathroom units are approximately 520sqft each. There are long-term tenants but the rents are below market and have leases expiring at the end of Feb. Vacant units re-lease quickly for more than $1.20/sqft. The property also includes 4 covered carport spots in back of building and has a large lot for future improvements.

Last Agent to Sell the Property

Rob Bundrick

Metropolitan Real Estate License #SA628322000 Listed on: 12/16/2019

Last Buyer's Agent

Caleb Howarth

Call Realty, Inc. License #SA682203000

Call Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,013

Year Built

  • Built in 1961

Lot Details

  • 7,579

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer
  • Assessor Parcel Number 139-26-053-K

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7,560

Building Details

  • Operating Expense $8,473
  • Gross Income $27,251
  • Net Operating Income $20,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,013

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Broadway Rd and Mesa Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: multifamily
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2019
  • Directions: Head east on Broadway from Mesa Dr. Bellview will be the 5th right just before you hit Horne. It will be the last 4-plex on the right side before you reach Marilyn Ave.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2300.0
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2650.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 7,560
  • Additional Parcels: No
  • Parcel #: 139-26-053-K

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 27250.56
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1080.0
  • Property Net Operating Income: 20020.0
  • Annual Operating Expense: 8473.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1013.0
  • Tax Book Number: 139.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2021
Sold by
Howarth Caleb J
Bought by
2 Kids From Ak
Total Days on Market
17
Current Estimated Value
$547,839

Purchase Details

Listed on
Dec 16, 2019
Closed on
Jan 14, 2020
Sold by
Keesler Kimberly
Bought by
Howarth Caleb J
Seller's Agent
Rob Bundrick
Metropolitan Real Estate
Buyer's Agent
Caleb Howarth
Call Realty, Inc.
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$373,117
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 25, 2018
Closed on
Nov 5, 2018
Sold by
Hall Kevin T and Hall Julia M
Bought by
Keesler Kimberly
Seller's Agent
Ben Koerner
Realty Executives
Buyer's Agent
Rob Bundrick
Metropolitan Real Estate
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.80%
Original Mortgage
$176,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 13, 2015
Closed on
May 5, 2015
Sold by
Arizona 5 Sfr Llc
Bought by
Hall Family Trust and Hall Julia M
Seller's Agent
Troy McNaughton
Gentry Real Estate
Buyer's Agent
Tom Ackerman
My Home Group Real Estate
List Price
$159,900
Sold Price
$154,000
Premium/Discount to List
-$5,900
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$107,800
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2011
Sold by
East Valley Sfr Llc
Bought by
Arizona 5 Sfr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2011
Sold by
Sound Llc
Bought by
East Valley Sfr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2010
Sold by
Fannie Mae
Bought by
Sound Llc

Purchase Details

Closed on
Oct 4, 2010
Sold by
Gridley Evan J and Mccoy Tiffanie J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 24, 2004
Sold by
Carlin Timothy
Bought by
Gridley Evan and Mccoy Tiffanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,900
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2003
Sold by
Jdavis Homes Llc
Bought by
Carlin Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2003
Sold by
Carlin Donna
Bought by
Carlin Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2002
Sold by
Roth Steven E and Roth Jill Marie
Bought by
Davis Mark W
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
2 Kids From Ak -- Resolute Document Preparation
Howarth Caleb J $380,000 Clear Title Agency Of Az
Keesler Kimberly $235,000 First American Title Insuran
Hall Family Trust $154,000 Security Title Agency Inc
Arizona 5 Sfr Llc $775,000 First American Title Ins Co
East Valley Sfr Llc -- Accommodation
Sound Llc $37,000 First American Title Ins Co
Federal National Mortgage Association $189,345 Accommodation
Gridley Evan $224,900 Capital Title Agency Inc
Carlin Timothy $210,000 Capital Title Agency Inc
Carlin Timothy -- Capital Title Agency Inc
Davis Mark W $178,400 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howarth Caleb J $374,000
Previous Owner Howarth Caleb J $373,117
Previous Owner Keesler Kimberly $176,250
Previous Owner Hall Family Trust $107,800
Previous Owner Arizona 5 Sfr Llc $775,000
Previous Owner Gridley Evan $179,900
Previous Owner Carlin Timothy $189,000
Closed Gridley Evan $22,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2020 02/07/20 Sold $380,000 -4.8% $183 / Sq Ft
01/30/2020 01/30/20 For Sale $399,000 0.0% $192 / Sq Ft
01/30/2020 01/30/20 Price Changed $399,000 0.0% $192 / Sq Ft
12/16/2019 12/16/19 For Sale $399,000 +69.8% $192 / Sq Ft
12/07/2018 12/07/18 Sold $235,000 +4.4% $113 / Sq Ft
11/05/2018 11/05/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $225,000 +46.1% $108 / Sq Ft
05/14/2015 05/14/15 Sold $154,000 -3.7% $74 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $159,900 -- $77 / 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 $1,099 $11,194 -- --
2024 $1,108 $10,661 -- --
2023 $1,108 $37,950 $7,590 $30,360
2022 $1,085 $25,920 $5,180 $20,740
2021 $1,098 $20,700 $4,140 $16,560
2020 $1,084 $18,310 $3,660 $14,650
2019 $1,013 $14,700 $2,940 $11,760
2018 $972 $12,070 $2,410 $9,660
2017 $943 $11,970 $2,390 $9,580
2016 $925 $10,930 $2,180 $8,750
2015 $870 $9,860 $1,970 $7,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6014994

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-053K