NOT LISTED FOR SALE

Estimated Value: $452,932 - $613,000

Studio
4 Baths
750 Sq Ft
$704/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2017

Last sale price $240,000 $320 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,973 / mo

5 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2017

Great investment property for cash flow. All 4 units (2BD/1BA) are rented at $575/mo. All units are individually metered for electric. Landlord pays for water, sewer and outside parking light. Surrounding areas are going through redevelopment by City of Mesa.

Last Agent to Sell the Property

Chuong Tran

US Delta Realty Brokerage Email: chuong@usdeltarealty.com License #BR586358000 Listed on: 02/02/2017

Last Buyer's Agent

John Gordon

Coldwell Banker Realty License #BR009377000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,049

Year Built

  • Built in 1960

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

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

Schools

  • Redbird Elementary School
  • Powell Junior High School
  • Dobson High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 134-10-012

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11875
  • Southwest Mesa Center Subdivision

Building Details

  • Operating Expense $6,849
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,049

Year Built

Built in 1960

Lot Details

0.27 Acres

Listing Details

  • Cross Street: Extension & Broadway Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: SOUTHWEST MESA CENTER
  • 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

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: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1600.0

Schools

  • Elementary School: Redbird Elementary School
  • High School: Dobson High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Powell Junior High School

Lot Info

  • Lot Size: 11875
  • Additional Parcels: No
  • Parcel #: 134-10-012

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Insurance Expense: 1600.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 19000.0
  • Annual Operating Expense: 6849.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1049.0
  • Tax Book Number: 134.00
  • Tax Lot: 10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2017
Closed on
Mar 2, 2017
Sold by
Bought by
Seller's Agent
Chuong Tran
US Delta Realty
Buyer's Agent
John Gordon
Coldwell Banker Realty
List Price
$243,000
Sold Price
$240,000
Premium/Discount to List
-$3,000
-1.23%
Current Estimated Value
$527,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,983
Avg. Annual Appreciation
8.77%
Original Mortgage
$180,000
Interest Rate
0.0409%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2015
Closed on
Apr 16, 2015
Sold by
Bought by
Seller's Agent
Cindy Tessitore
Balboa Realty, LLC
Buyer's Agent
Chuong Tran
US Delta Realty
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%
Original Mortgage
$168,750
Interest Rate
0.0373%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2015
Closed on
Apr 14, 2015
Sold by
Bought by
Seller's Agent
Cindy Tessitore
Balboa Realty, LLC
Buyer's Agent
Chuong Tran
US Delta Realty
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
0.0373%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
0.0225%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
0.0662%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
0.0662%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 1999
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$240,000 Equity Title Agency Inc
$225,000 Equity Title Agency Inc
-- Equity Title Agency Inc
$310,000 Westland Title Agency Of Az
$215,000 Security Title Agency Inc
-- Security Title Agency Inc
-- Security Title Agency Inc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $227,500
Closed $180,000
Previous Owner $168,750
Previous Owner $201,500
Previous Owner $172,000
Previous Owner $172,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2017 03/06/17 Sold $240,000 -1.2% $320 / Sq Ft
03/06/2017 03/06/17 Price Changed $243,000 0.0% $324 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $243,000 +8.0% $324 / Sq Ft
04/30/2015 04/30/15 Sold $225,000 0.0% $300 / Sq Ft View Prior Sale
03/22/2015 03/22/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $225,000 -- $300 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,252 $12,695
2024 $1,256 $12,090
2023 $1,256 $43,200 $8,640 $34,560
2022 $1,230 $32,380 $6,470 $25,910
2021 $1,245 $27,130 $5,420 $21,710
2020 $1,229 $23,760 $4,750 $19,010
2019 $1,148 $19,850 $3,970 $15,880
2018 $1,102 $17,670 $3,530 $14,140
2017 $1,069 $14,910 $2,980 $11,930
2016 $1,049 $13,220 $2,640 $10,580
2015 $986 $12,600 $2,520 $10,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5555292

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-10-012

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