NOT LISTED FOR SALE

Estimated Value: $769,876 - $1,211,000

-- Bed
-- Bath
4,312 Sq Ft
$209/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $435,000 $101 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,242/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of June 2017

MAKE MONEY ON THIS ONE EVERY MONTH. Easy to manage!! No HOA! All large 3 bedroom/ 2 bath units, townhouse style. TENANTS PAY ALL UTILITIES including water and trash!! Practically NO EXPENSES to own! Upside in rents to increase your return. Owner rarely has a vacancy.
Owner has owned long time and must sell due to health reasons.
Owners hold on to these as seen by nothing else available in block.
Get your OFFER in quick as this won't last long!!!

Last Listed By

Stephen Lins

ROI Asset Management Solutions License #BR623784000 Listed on: 03/24/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,228

Year Built

  • Built in 1986

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking
  • Assigned Parking

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 29
  • Assessor Parcel Number 141-84-340

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Manor View Lot 1 38 Subdivision

Building Details

  • Operating Expense $4,508
  • Gross Income $40,500
  • Net Operating Income $35,992

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,228

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: BROWN AND RECKER
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2016
  • Directions: East on Brown to 62nd, north to Greenway,
  • Road Surface Type: Asphalt
  • Subdivision Name: MANOR VIEW LOT 1-38
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: 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: 4.0
  • Parking Features: Assigned, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: 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: IRR
  • Additional Parcels: No
  • Parcel #: 141-84-340

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 40500.0
  • Insurance Expense: 780.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 35992.0
  • Annual Operating Expense: 4508.0

Tax Info

  • Tax Annual Amount: 2228.0
  • Tax Book Number: 141.00
  • Tax Lot: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2021
Sold by
Mahelka Danny
Bought by
Mahelka Danny and Trinidad Therese Lee
Total Days on Market
2
Current Estimated Value
$901,469

Purchase Details

Listed on
Mar 24, 2017
Closed on
Jun 8, 2017
Sold by
Romo Erykad Jazzmyn
Bought by
Mahelka Danny
Seller's Agent
Stephen Lins
ROI Asset Management Solutions
Buyer's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
List Price
$439,000
Sold Price
$435,000
Premium/Discount to List
-$4,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%
Original Mortgage
$304,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2017
Closed on
May 1, 2017
Sold by
Trinidad Therese Lee
Bought by
Mahelka Danny
Seller's Agent
Stephen Lins
ROI Asset Management Solutions
Buyer's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
List Price
$439,000
Sold Price
$435,000
Premium/Discount to List
-$4,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2005
Sold by
Lins Stephen F
Bought by
Rodriguez Nora E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2004
Sold by
Woodbeck Jane V
Bought by
Lins Stephen F and Lins Susan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2003
Sold by
Figueroa David G
Bought by
Woodbeck Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
5.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2002
Sold by
Figueroa Lorena
Bought by
Figueroa David

Purchase Details

Closed on
Apr 26, 2002
Sold by
Schilling Dennis R
Bought by
Figueroa David G

Purchase Details

Closed on
May 14, 2001
Sold by
Schilling Dennis R
Bought by
Schilling Dennis R and Schilling Lori A

Purchase Details

Closed on
Feb 23, 2001
Sold by
Hendricks Louise D
Bought by
Schilling Dennis R and Schilling Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,200
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 1994
Sold by
Pellegrini John R
Bought by
Hendricks Glen M and Hendricks Louise D

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
Mahelka Danny -- Accommodation
Mahelka Danny $435,000 Chicago Title Agency
Mahelka Danny -- Chicago Title Agency
Rodriguez Nora E $470,000 Capital Title Agency Inc
Lins Stephen F $371,000 Capital Title Agency Inc
Woodbeck Jane $345,500 Security Title Agency
Figueroa David -- Chicago Title Insurance Co
Figueroa David G $325,000 Chicago Title Insurance Co
Schilling Dennis R -- --
Schilling Dennis R $261,500 Capital Title Agency
Hendricks Glen M $164,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahelka Danny $289,400
Closed Mahelka Danny $304,500
Closed Mahelka Danny $304,500
Previous Owner Rodriguez Nora E $325,000
Previous Owner Lins Stephen F $292,000
Previous Owner Woodbeck Jane $242,500
Previous Owner Schilling Dennis R $209,200
Closed Lins Stephen F $36,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2017 06/12/17 Sold $435,000 -0.9% $101 / Sq Ft
05/08/2017 05/08/17 For Sale $439,000 0.0% $102 / Sq Ft
05/08/2017 05/08/17 Price Changed $439,000 0.0% $102 / Sq Ft
03/25/2017 03/25/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $439,000 -- $102 / 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 $2,645 $26,946 -- --
2024 $2,667 $25,663 -- --
2023 $2,667 $76,610 $15,320 $61,290
2022 $2,611 $54,360 $10,870 $43,490
2021 $2,643 $47,450 $9,490 $37,960
2020 $2,609 $42,350 $8,470 $33,880
2019 $2,438 $36,970 $7,390 $29,580
2018 $2,339 $34,030 $6,800 $27,230
2017 $2,270 $23,660 $4,730 $18,930
2016 $2,228 $23,380 $4,670 $18,710
2015 $2,094 $22,700 $4,540 $18,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5579738

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-340