NOT LISTED FOR SALE

62 S Olive Mesa, AZ 85204

Temple Neighborhood

Estimated Value: $335,000 - $412,000

4 Beds
-- Bath
1,397 Sq Ft
$270/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $130,000 $93 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $2,101/month

60 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2015

This is a duplex located on a spacious corner lot. Each unit is a 2 Bedroom 1
Bath with approximately 700 sq. ft. per unit. The units have been completely
renovated with new kitchen, remodeled baths with tiled floors, hardwood
floors throughout. Originally built in 1960. PLEASE DISREGARD THE Adjusted Gross Inc NOTED BELOW, AS IT IS INCORRECTLY CALCULATED BY ARMLS.

Last Agent to Sell the Property

James Kasten

Coldwell Banker Commercial Realty License #BR513453000 Listed on: 12/18/2014

Coldwell Banker Commercial Realty

Last Buyer's Agent

Jacob Brown

48 Venture Real Estate License #SA630425000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 1960

Lot Details

  • 7,667

Home Design

  • Block Exterior

Flooring

  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 28
  • Assessor Parcel Number 138-28-013

Community Details

Overview

  • 2 Units
  • Building Dimensions are 65 x 114

Building Details

  • Operating Expense $7,153
  • Net Operating Income $9,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,280

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Main St & Olive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2014
  • Directions: South on Olive to property on west side.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1073.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

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

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 1000.0

Lot Info

  • Lot Size: 65 x 114
  • Additional Parcels: No
  • Parcel #: 138-28-013

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 9314.0
  • Annual Operating Expense: 7153.0
  • Vacancy Allowance Rate: 3.0

Tax Info

  • Tax Annual Amount: 1280.0
  • Tax Book Number: 138.00
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2021
Sold by
Jacob Brown
Bought by
62 S Olive Llc
Current Estimated Value
$376,836

Purchase Details

Listed on
Dec 18, 2014
Closed on
Feb 7, 2015
Sold by
R & F Family Investments Llc
Bought by
Brown Jacob and Brown Holly
Seller's Agent
James Kasten
Coldwell Banker Commercial Realty
Buyer's Agent
Jacob Brown
48 Venture Real Estate
List Price
$170,000
Sold Price
$130,000
Premium/Discount to List
-$40,000
-23.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$97,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2008
Sold by
Yee Henry M and Yee Eddie M
Bought by
R&F Family Investments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
62 S Olive Llc -- None Listed On Document
Brown Jacob $130,000 Lawyers Title
R&F Family Investments Llc -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Jacob $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2015 02/27/15 Sold $130,000 -23.5% $93 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
12/01/2014 12/01/14 For Sale $170,000 -- $122 / 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 $767 $7,812 -- --
2024 $773 $7,440 -- --
2023 $773 $26,280 $5,250 $21,030
2022 $757 $20,100 $4,020 $16,080
2021 $766 $16,950 $3,390 $13,560
2020 $756 $15,130 $3,020 $12,110
2019 $707 $12,660 $2,530 $10,130
2018 $678 $10,350 $2,070 $8,280
2017 $658 $9,370 $1,870 $7,500
2016 $646 $8,620 $1,720 $6,900
2015 $607 $7,550 $1,510 $6,040
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    James Kasten

    Coldwell Banker Commercial Realty

    (602) 677-0655

    1 Total Sale

    James Kasten
    Section Image

  • J

    Buyer's Agent in 2015

    Jacob Brown

    48 Venture Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5212302

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-28-013

Arizona Maricopa County Mesa 85204 Temple

62 S Olive, Mesa, AZ

This home is located at 62 S Olive, Mesa, AZ 85204 since 18 December 2014 and is currently estimated at $376,836, approximately $269 per square foot. This property was built in 1960. 62 S Olive is a home located in Maricopa County with nearby schools including Lowell Elementary School, 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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