NOT LISTED FOR SALE

625 E Marilyn Ave Mesa, AZ 85204

Temple Neighborhood

Estimated Value: $538,850 - $704,000

-- Bed
-- Bath
3,574 Sq Ft
$184/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $350,000 $98 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,819/month

56 Days on Market

Highlights

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

About This Home

As of July 2019

Great investment property. Four 2B/1B units that are all currently filled at an average of $719 + applicable taxes, Tenant pays all utilities except for water, sewer and trash. This will be an instant money-maker for whoever jumps in to purchase this property.

DO NOT DISTURB TENANTS!!! DO NOT TALK TO TENANTS!!! No sign on property as tenants are unaware of sale. All inspections will occur once the property is under contract.

Last Listed By

Daniel Shenkman

Keller Williams Realty Phoenix License #SA549480000 Listed on: 04/22/2019

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,430

Year Built

  • Built in 1963

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

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

Schools

  • Holmes Elementary School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 18
  • Assessor Parcel Number 139-26-055-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are 80x148

Building Details

  • Operating Expense $1,430
  • Gross Income $34,500
  • Net Operating Income $34,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,430

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Mesa Rd and Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2018
  • Directions: Head east in Broadway Rd. to Hobson. South on Hobson to Marilyn. East on Marilyn to the property on your right.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, 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

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: Other, See Remarks

Association/Amenities

  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 80x148
  • Additional Parcels: No
  • Parcel #: 139-26-055-G

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 34500.0
  • Property Net Operating Income: 34500.0
  • Annual Operating Expense: 1430.0

Tax Info

  • Tax Annual Amount: 1430.0
  • Tax Book Number: 139.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2023
Sold by
Williams Tamara
Bought by
625 E Marilyn Avenue Trust
Total Days on Market
56
Current Estimated Value
$658,213

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jun 19, 2019
Sold by
Williams Scott and Williams Tamara
Bought by
Williams Tamara
Seller's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$262,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2015
Sold by
Mall Kaushal
Bought by
625 E Marilyn Ave Llc

Purchase Details

Listed on
Jan 19, 2015
Closed on
Mar 17, 2015
Sold by
Megatron Holdings Llc
Bought by
Mall Kaushal
Seller's Agent
Joe Best
Gentry Real Estate
Buyer's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
List Price
$188,000
Sold Price
$185,000
Premium/Discount to List
-$3,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.25%
Original Mortgage
$129,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2013
Sold by
Mora Rafael L and Mora Rosa M
Bought by
Megatron Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2002
Sold by
Reed Thomas and Reed Anna
Bought by
Mora Rafael L and Mora Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,863
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 17, 1995
Sold by
Brown David J
Bought by
Reed Thomas A and Reed Anna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,250
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 1995
Sold by
Steinhorn Phyllis
Bought by
Brown David J

Purchase Details

Closed on
Aug 22, 1994
Sold by
Brown David J and Brown Kari A
Bought by
Steinhorn Phyllis

Purchase Details

Closed on
May 19, 1994
Sold by
Fukumoto Brian K and Fukumoto Ellen M
Bought by
Brown David J and Brown Kari A

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
625 E Marilyn Avenue Trust -- None Listed On Document
Williams Tamara -- First American Title Ins Co
Williams Tamara $350,000 First American Title Ins Co
625 E Marilyn Ave Llc -- None Available
Mall Kaushal $185,000 First American Title Ins Co
Megatron Holdings Llc $146,000 None Available
Mora Rafael L $203,000 Lawyers Title Of Arizona Inc
Reed Thomas A $77,500 Security Title Agency
Brown David J -- Security Title Agency
Steinhorn Phyllis -- --
Brown David J -- Security Title Agency
Fukumoto Brian K -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Tamara $315,000
Previous Owner Williams Tamara $262,500
Previous Owner Mall Kaushal $129,500
Previous Owner Megatron Holdings Llc $116,800
Previous Owner Megatron Holdings Llc $116,800
Previous Owner Mora Rafael L $203,500
Previous Owner Mora Rafael L $199,863
Previous Owner Reed Thomas A $54,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $350,000 0.0% $98 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
06/08/2019 06/08/19 Price Changed $350,000 -2.8% $98 / Sq Ft
05/13/2019 05/13/19 Price Changed $360,000 -2.7% $101 / Sq Ft
05/07/2019 05/07/19 Price Changed $370,000 +5.7% $104 / Sq Ft
04/22/2019 04/22/19 For Sale $350,000 +89.2% $98 / Sq Ft
03/20/2015 03/20/15 Sold $185,000 -1.6% $52 / Sq Ft
02/17/2015 02/17/15 Pending -- -- --
01/19/2015 01/19/15 For Sale $188,000 -- $53 / 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 $1,617 $16,473 -- --
2024 $1,630 $15,689 -- --
2023 $1,630 $57,100 $11,420 $45,680
2022 $1,596 $38,810 $7,760 $31,050
2021 $1,616 $30,850 $6,170 $24,680
2020 $1,595 $27,400 $5,480 $21,920
2019 $1,490 $22,130 $4,420 $17,710
2018 $1,430 $18,180 $3,630 $14,550
2017 $1,388 $17,810 $3,560 $14,250
2016 $1,362 $16,620 $3,320 $13,300
2015 $1,280 $15,080 $3,010 $12,070
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Daniel Shenkman

    Keller Williams Realty Phoenix

    (480) 751-5300

    Section Image
  • Jason Bingham

    Buyer's Agent in 2019

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    28 Total Sales

    Jason Bingham
    Section Image

  • J

    Seller's Agent in 2015

    Joe Best

    Gentry Real Estate

    (480) 229-3124

    27 Total Sales

    Joe Best
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5915573

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-055G

Arizona Maricopa County Mesa 85204 Temple

625 E Marilyn Ave, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 625 E Marilyn Ave, Mesa, AZ 85204 since 22 April 2019 and is currently estimated at $658,213, approximately $184 per square foot. This property was built in 1963. 625 E Marilyn Ave is a home located in Maricopa County with nearby schools including Holmes 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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