NOT LISTED FOR SALE

617 E Brown Rd Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $462,806 - $531,000

4 Beds
-- Bath
1,999 Sq Ft
$246/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $314,000 $157 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,716/month

21 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of July 2020

Great investment opportunity in Mesa! Both units are occupied and are 2 bedrooms/2 bathroom with inside laundry and covered carport parking for both units plus additional paved parking available. The roof replaced in 2018, windows replaced in 2019 and one of the AC units replaced in 2019! The entire property has also been recently painted outside (2019) and the landscape is well kept & low maintenance. The north facing unit has a recently been painted inside, carpeted and has a new refrigerator, stove, stove hood, ceiling fans & blinds! This unit also has a nice large covered back patio and side area. This property has proven itself as a great rental income source! Don't miss your chance to own this amazing duplex.

Last Agent to Sell the Property

Alisha Anderson

Real Broker License #SA632752000 Listed on: 05/15/2020

Real Broker

Co-Listed By

Paul Anderson

Real Broker License #SA681201000

Last Buyer's Agent

Ulises Sandoval

Coldwell Banker Realty License #BR632595000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $892

Year Built

  • Built in 1968

Lot Details

  • 7,579

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Schools

  • Eisenhower Center For Innovation Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 156
  • Assessor Parcel Number 137-32-262

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7593
  • Enchanted Village Subdivision

Building Details

  • Operating Expense $3,756
  • Gross Income $19,354
  • Net Operating Income $15,598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$892

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: Mesa Drive & Brown Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H Multi-Famil
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1968
  • Tax Year: 2019
  • Directions: East On Brown, Property on SW corner of Wedgewood and Brown. On unit enters from Brown (north facing) and the other from Wedgewood (east facing).
  • Road Surface Type: Concrete, Sidewalk(s)
  • Co List Office Mls Id: wusa04
  • Co List Office Phone: 480-820-3333
  • Subdivision Name: ENCHANTED VILLAGE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, 2 or More Units
  • Heating: 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1673.0

Schools

  • Elementary School: Eisenhower Center For Innovation
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 7593
  • Additional Parcels: No
  • Parcel #: 137-32-262

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 19353.6
  • Insurance Expense: 651.0
  • Property Net Operating Income: 15597.6
  • Annual Operating Expense: 3756.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 892.0
  • Tax Book Number: 137.00
  • Tax Lot: 156

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jul 1, 2020
Sold by
Ritchie Small Complex Llc
Bought by
Moreno Alejandra and Moreno Sergio
Seller's Agent
Alisha Anderson
Real Broker
Buyer's Agent
Ulises Sandoval
Coldwell Banker Realty
List Price
$325,000
Sold Price
$314,000
Premium/Discount to List
-$11,000
-3.38%
Current Estimated Value
$477,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,064
Avg. Annual Appreciation
8.84%
Original Mortgage
$214,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Moreno Alejandra $314,000 Clear Title Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moreno Alejandra $213,496
Closed Moreno Alejandra $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2020 07/06/20 Sold $314,000 -1.6% $157 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
06/02/2020 06/02/20 Price Changed $319,000 -1.8% $160 / Sq Ft
05/15/2020 05/15/20 For Sale $325,000 -- $163 / 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 $968 $9,860 -- --
2024 $976 $9,391 -- --
2023 $976 $33,230 $6,640 $26,590
2022 $956 $25,120 $5,020 $20,100
2021 $967 $21,000 $4,200 $16,800
2020 $955 $19,000 $3,800 $15,200
2019 $892 $15,820 $3,160 $12,660
2018 $856 $14,200 $2,840 $11,360
2017 $831 $11,600 $2,320 $9,280
2016 $815 $10,720 $2,140 $8,580
2015 $766 $9,620 $1,920 $7,700
Source: Public Records

Agents Affiliated with this Home

  • Alisha Anderson

    Seller's Agent in 2020

    Alisha Anderson

    Real Broker

    (480) 299-4072

    288 Total Sales

    Section Image
  • Paul Anderson

    Seller Co-Listing Agent in 2020

    Paul Anderson

    Real Broker

    (480) 299-4072

    165 Total Sales

    Section Image
  • Ulises Sandoval

    Buyer's Agent in 2020

    Ulises Sandoval

    Coldwell Banker Realty

    (602) 501-5001

    121 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6078981

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-262

Arizona Maricopa County Mesa 85203 Mesa Patios

617 E Brown Rd, Mesa, AZ

This home is located at 617 E Brown Rd, Mesa, AZ 85203 since 15 May 2020 and is currently estimated at $491,452, approximately $245 per square foot. This property was built in 1968. 617 E Brown Rd is a home located in Maricopa County with nearby schools including Eisenhower Center for Innovation, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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