$185,000
SOLD MAR 20, 2015

625 E Marilyn Ave Mesa, AZ 85204

Temple Neighborhood
-- Bed
-- Bath
3,574 Sq Ft
0.27 Acres

Recently Sold

$52 Per Sq Ft

2% Below List Price

29 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

****DO NOT DISTURB TENANTS***DRIVE-BY ONLY****TENANTS RIGHTS. Buyer can do inspections once escrow is opened. GREAT OPPORTUNITY FOR INVESTORS. LARGE 2 BEDROOM 1 BATH UNITS!! According to previous owner, A/C & HEAT PUMPS REPLACED- 1 IN 2001-2 IN 2000 1 IN 1999. ALL 4 UNITS are filled and RENTS ARE as follows: $625, $550, $550,and $500. INSTANT CASH FLOW!!!!! CASH OR CONVENTIONAL BUYERS ONLY.

Last Agent to Sell the Property

Joe Best

Gentry Real Estate License #SA551259000 Listed on: 01/19/2015

Gentry Real Estate

Last Buyer's Agent

Daniel Shenkman

Keller Williams Realty Phoenix License #SA549480000

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1963

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
  • Assessor Parcel Number 139-26-055-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are 80x148

Building Details

  • Operating Expense $4,907
  • Gross Income $25,365
  • Net Operating Income $20,553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Broadway and Mesa Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2014
  • Directions: East on Broadway to Hobson south 1/4 mile to Marilyn east to property.
  • 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: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

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: 25365.0
  • Insurance Expense: 650.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 20553.0
  • Annual Operating Expense: 4907.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1257.0
  • Tax Book Number: 139.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

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
Current Estimated Value
$674,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,255
Avg. Annual Appreciation
11.06%
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
13.01%
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
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
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $350,000 First American Title Ins Co
Special Warranty Deed -- None Available
Warranty Deed $185,000 First American Title Ins Co
Trustee Deed $146,000 None Available
Warranty Deed $203,000 Lawyers Title Of Arizona Inc
Joint Tenancy Deed $77,500 Security Title Agency
Warranty Deed -- Security Title Agency
Grant Deed -- --
Warranty Deed -- Security Title Agency
Quit Claim Deed -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $315,000 New Conventional
Closed $262,500 New Conventional
Previous Owner $129,500 New Conventional
Previous Owner $116,800 Purchase Money Mortgage
Previous Owner $116,800 Unknown
Previous Owner $203,500 Unknown
Previous Owner $199,863 FHA
Previous Owner $54,250 New Conventional
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5223935

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-055G