$299,900
SOLD MAY 20, 2016
-- Bed
-- Bath
3,306 Sq Ft
9,975 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

3% Above List Price

36 Days on Market

Highlights

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

About This Home

As of February 2018

This high-end 4plex is located in N.E. Mesa in a sub near schools, hospitals, shopping and the 202 freeway. Stable tenants currently occupy this 4plex, however, rents could be easily raised. Just some of the features include large 2bed/1ba single-level units, vaulted ceilings, cul-de-sac location, no deferred maintenance, carport parking with additional spaces and desert landscaping for low maintenance.

Last Agent to Sell the Property

Michael Smith

Barrett Real Estate License #BR635584000 Listed on: 03/07/2016

Barrett Real Estate

Co-Listed By

Kathleen Smith

Barrett Real Estate License #BR016430000

Last Buyer's Agent

John Gordon

Coldwell Banker Realty License #BR009377000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,622

Year Built

  • Built in 1986

Home Design

  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 11 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 141-84-285

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Golden West Unit 3 Lot 1 32 Subdivision

Building Details

  • Operating Expense $12,122
  • Gross Income $30,381
  • Net Operating Income $21,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,622

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Recker & Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2015
  • Directions: EAST TO 62ND PL NORTH TO GREENWAY
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: ddsm01
  • Co List Office Phone: 480-967-1333
  • Subdivision Name: GOLDEN WEST UNIT 3 LOT 1-32
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Paved Parking, Free, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 141-84-285

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 30381.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 21480.0
  • Annual Operating Expense: 12122.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1622.0
  • Tax Book Number: 141.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2024
Sold by
V7 Holdings Llc
Bought by
Greenway Circle Llc
Current Estimated Value
$770,983

Purchase Details

Closed on
Aug 13, 2019
Sold by
V7 Investments Llc
Bought by
V7 Holdings Llc

Purchase Details

Listed on
Feb 1, 2018
Closed on
Feb 20, 2018
Sold by
Ellis Sean Keoni
Bought by
V7 Investments Llc
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
Jed Gray
HomeSmart
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.94%

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jul 13, 2016
Sold by
Ellis Sean Keoni K
Bought by
Ellis Sean Keoni and Ellis Kori I
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
John Gordon
Coldwell Banker Realty
List Price
$289,900
Sold Price
$299,900
Premium/Discount to List
$10,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.38%
Original Mortgage
$224,900
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2016
Closed on
May 18, 2016
Sold by
Draper John
Bought by
Ellis Sean Keoni K and Ellis Kori T
Seller's Agent
Michael Smith
Barrett Real Estate
Buyer's Agent
John Gordon
Coldwell Banker Realty
List Price
$289,900
Sold Price
$299,900
Premium/Discount to List
$10,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,900
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 11, 2014
Closed on
Aug 27, 2014
Sold by
Anderson Arthur
Bought by
Draper John and Draper Kelda
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Smith
Barrett Real Estate
List Price
$261,000
Sold Price
$261,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$182,700
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2005
Sold by
Shen Shao Hua
Bought by
Anderson Arhur and Anderson Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- --
Special Warranty Deed -- None Available
Warranty Deed $375,000 Security Title Agency Inc
Interfamily Deed Transfer -- None Available
Warranty Deed $299,900 Stewart Title
Interfamily Deed Transfer -- Stewart Title
Warranty Deed $261,000 Chicago Title Agency Inc
Warranty Deed $352,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $224,900 New Conventional
Previous Owner $182,700 New Conventional
Previous Owner $202,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2018 02/27/18 Sold $375,000 0.0% $113 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $375,000 +25.0% $113 / Sq Ft
05/20/2016 05/20/16 Sold $299,900 +3.4% $91 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $289,900 +11.1% $88 / Sq Ft
09/15/2014 09/15/14 Sold $261,000 0.0% $79 / Sq Ft
09/11/2014 09/11/14 Pending -- -- --
09/11/2014 09/11/14 For Sale $261,000 -- $79 / 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 $2,049 $20,877 -- --
2024 $2,066 $19,883 -- --
2023 $2,066 $61,570 $12,310 $49,260
2022 $2,023 $44,230 $8,840 $35,390
2021 $2,048 $38,570 $7,710 $30,860
2020 $2,021 $34,280 $6,850 $27,430
2019 $1,889 $29,970 $5,990 $23,980
2018 $1,813 $27,460 $5,490 $21,970
2017 $1,758 $19,080 $3,810 $15,270
2016 $1,726 $17,620 $3,520 $14,100
2015 $1,622 $16,680 $3,330 $13,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5410643

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-285