$375,000
SOLD FEB 27, 2018
-- Bed
-- Bath
3,306 Sq Ft
9,975 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

1 Day on Market

Highlights

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

About This Home

As of February 2018

Desirable single level multi family 4 plex in North East Mesa. This great property is close to schools, shopping and freeway access. This block built 2 bed 1 bath quad is fully occupied with stable tenants.Good cash flow and easy maintenance!

Last Agent to Sell the Property

John Gordon

Coldwell Banker Realty License #BR009377000 Listed on: 02/01/2018

Coldwell Banker Realty

Last Buyer's Agent

Jed Gray

HomeSmart License #SA630746000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,758

Year Built

  • Built in 1986

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 10 Parking Spaces
  • 6 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
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • 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 75x136
  • Golden West Unit 3 Lot 1 32 Subdivision

Building Details

  • Operating Expense $8,797
  • Gross Income $34,599
  • Net Operating Income $27,623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,758

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Brown & Recker
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2017
  • Directions: East on Brown to 62nd St. North to Greenway, property is on the NE corner.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 2900.0
  • 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
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Assigned, <1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 3200.0

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: 75x136
  • Additional Parcels: No
  • Parcel #: 141-84-285

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34599.0
  • Insurance Expense: 939.0
  • Property Net Operating Income: 27623.0
  • Annual Operating Expense: 8797.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1758.0
  • 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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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: 5717189

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-285