NOT LISTED FOR SALE

Estimated Value: $941,667

17 Beds
-- Bath
4,526 Sq Ft
$208/Sq Ft Est. Value

Last Sold January 16, 2020

Last sale price $1,300,000 $287 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $5,495/month

113 Days on Market

Highlights

  • Heated Community Pool
  • Community Playground
  • 4-minute walk to Granite Reef Park
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of January 2020

WOW-Turn Key Luxury Townhouse style units in desirable Mesa. Mesa is located in Maricopa one of the fastest growing counties in the United States. Features large 2 bedroom/2 bath units with washer and dryer hookups, dishwashers, tile and individually fenced backyards. Long term tenants enjoy pool and green grassy area with mature trees. Tenants enjoy privacy of wrought iron fence, covered parking and a cul de sac. Tenants pay all of thier own utilities including electric, water, sewer and trash. The owner pays utilities for pool, sprinkler and small unit. Owner takes pride in property, all routine maintenance completed and 7 NEW AC UNITS IN 2017. This investment offers long term appreciation and escalation in rents. All facts and figures are approximate and buyer to verify.

Last Listed By

Heather Cates

Citiea License #BR539874000 Listed on: 08/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,140

Year Built

  • Built in 1986

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping, pool/spa maintenance
  • Tax Lot 1
  • Assessor Parcel Number 141-84-280

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 2 LOTS: total 44,564 sq ft total (1,023 ac)
  • Golden West Unit 3 Lot 1 32 Subdivision

Recreation

  • Community Playground
  • Heated Community Pool

Building Details

  • Operating Expense $25,916
  • Gross Income $103,572
  • Net Operating Income $77,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,140

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Recker & Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-3 & RM-3
  • Number Of Buildings: 3
  • Year Built: 1986
  • Tax Year: 2018
  • Directions: East to 62nd Place and North to Greenway and turn east on Cul De Sac.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: GOLDEN WEST UNIT 3 LOT 1-32
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: 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: 8.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Underground, Individual Meter
  • Cooling: Central A/C, Heat Pump
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Play Area, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Mendoza Elementary School
  • High School: Red Mountain High School
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 2 LOTS: total 44,564 sq ft total (1,023 ac)
  • Additional Parcels: Yes
  • Parcel #: 141-84-280

Multi Family

  • Owner Pays: Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 9
  • Electric Expense: 1560.0
  • Annual Gross Income: 103572.0
  • Insurance Expense: 3636.0
  • Maintenance Expense: 6000.0
  • Property Net Operating Income: 77686.0
  • Annual Operating Expense: 25916.0

Tax Info

  • Tax Annual Amount: 5140.0
  • Tax Book Number: 141.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2023
Sold by
Holland Living Trust
Bought by
Greenway Ix Llc
Total Days on Market
113
Current Estimated Value
$941,667

Purchase Details

Listed on
Aug 19, 2019
Closed on
Jan 16, 2020
Sold by
Knutson Laura A
Bought by
Holland Kenneth C and Holland Mara Ann
Seller's Agent
Heather Cates
Citiea
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.85%

Purchase Details

Listed on
Sep 5, 2017
Closed on
Nov 3, 2017
Sold by
Campos Richard
Bought by
Knutson Laura
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Kevin O'Brien
West USA Realty
List Price
$1,050,000
Sold Price
$980,000
Premium/Discount to List
-$70,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.91%

Purchase Details

Closed on
Sep 6, 2005
Sold by
Fauci Larry
Bought by
Campos Richard and Campos Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,100
Interest Rate
5.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 3, 2005
Sold by
Shen Shao Hua
Bought by
Fauci Larry and Fauci Marge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2002
Sold by
Golden West Enterprises Inc
Bought by
Shen Shao Hua and Shen Mei Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.94%
Mortgage Type
New Conventional

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
Greenway Ix Llc -- None Listed On Document
Holland Kenneth C $1,300,000 Chicago Title Agency Inc
Knutson Laura $980,000 Millennium Title Agency Llc
Campos Richard $470,000 --
Fauci Larry $385,000 Lawyers Title Ins
Shen Shao Hua $1,200,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knutson Laura $250,000
Previous Owner Campos Richard $437,100
Previous Owner Fauci Larry $269,500
Previous Owner Shen Shao Hua $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $1,300,000 0.0% $287 / Sq Ft
10/18/2019 10/18/19 Price Changed $1,300,000 -13.3% $287 / Sq Ft
08/19/2019 08/19/19 For Sale $1,500,000 +53.1% $331 / Sq Ft
11/15/2017 11/15/17 Sold $980,000 -6.7% $217 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $1,050,000 0.0% $232 / Sq Ft
09/08/2017 09/08/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $1,050,000 -- $232 / 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 $2,992 $30,478 -- --
2024 $3,016 $29,026 -- --
2023 $3,016 $87,450 $17,490 $69,960
2022 $2,954 $62,500 $12,500 $50,000
2021 $2,990 $55,070 $11,010 $44,060
2020 $2,951 $49,020 $9,800 $39,220
2019 $2,757 $42,160 $8,430 $33,730
2018 $2,646 $38,500 $7,700 $30,800
2017 $2,567 $26,730 $5,340 $21,390
2016 $2,519 $27,150 $5,430 $21,720
2015 $2,368 $26,210 $5,240 $20,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5967075

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-280