NOT LISTED FOR SALE

Estimated Value: $522,000 - $827,000

-- Bed
-- Bath
3,456 Sq Ft
$195/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $135,000 $39 Per Sq Ft

Est. 400% increase in value since last sale

Current estimated payment $3,807/month

93 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of May 2012

*****APPROVED SHORT SALE AT LISTING PRICE, READY TO CLOSE******WELL MAINTAIN FOURPLEX, 2 UNITS ARE 2 BEDROOM 1 1/2 BATH THE OTHER 2 ARE 2 BEDROOM 1 BATH, CLOSE TO SHOPPING CENTERS AND AMENITIES EASY ACCESS TO FREEWAY. EACH UNIT HAS IT OWN LAUNDRY ROOM

Last Agent to Sell the Property

Carmen McGhee

Realty ONE Group License #BR546553000 Listed on: 02/09/2012

Last Buyer's Agent

Eric Williamson

Citiea License #SA579896000

Citiea

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,391

Year Built

  • Built in 1984

Lot Details

  • 9,060

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 141-60-016

Community Details

Overview

  • 4 Units
  • Building Dimensions are 151X60
  • Granite Reef Subdivision

Building Details

  • Operating Expense $3,217
  • Net Operating Income $1,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,391

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: POWER & MAIN
  • Property Type: Multiple Dwellings
  • Zoning: C2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2011
  • Directions: WEST ON MAIN TO 63RD ST, NORTH ON 63RD ST TO AVALON, EAST ON AVALON TO PROPERTY ON THE SOUTH SIDE OF THE STREET.
  • Road Surface Type: Asphalt
  • Subdivision Name: GRANITE REEF
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Metal, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1226.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 151X60
  • Additional Parcels: No
  • Parcel #: 141-60-016

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Property Net Operating Income: 1826.0
  • Annual Operating Expense: 3217.0

Tax Info

  • Tax Annual Amount: 1391.0
  • Tax Book Number: 141.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2012
Sold by
Mecagni Ann
Bought by
East Avalon Ventures Llc
Current Estimated Value
$674,500

Purchase Details

Listed on
Feb 9, 2012
Closed on
May 30, 2012
Sold by
Alessandra Jerry D
Bought by
Mecagni Anna
Seller's Agent
Carmen McGhee
Realty ONE Group
Buyer's Agent
Eric Williamson
Citiea
List Price
$135,000
Sold Price
$135,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%

Purchase Details

Listed on
Feb 9, 2012
Closed on
May 24, 2012
Sold by
Foray Francesca X
Bought by
Mccagni Anna
Seller's Agent
Carmen McGhee
Realty ONE Group
Buyer's Agent
Eric Williamson
Citiea
List Price
$135,000
Sold Price
$135,000

Purchase Details

Closed on
Jul 30, 1999
Sold by
Foray Brian D
Bought by
Foray Brian D and Foray Francesca X

Purchase Details

Closed on
Nov 21, 1997
Sold by
Short Casey
Bought by
Gourley James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 1997
Sold by
Gourley James C
Bought by
Foray Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 1995
Sold by
Gourley Brigitte D
Bought by
Gourley James C
Source: Public Records

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
East Avalon Ventures Llc -- None Available
Mecagni Anna -- Guaranty Title Agency
Mccagni Anna $135,000 Guaranty Title Agency
Foray Brian D -- North American Title Agency
Gourley James C -- Old Republic Title Agency
Foray Brian D $125,000 Old Republic Title Agency
Gourley James C -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foray Brian D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2012 05/31/12 Sold $135,000 0.0% $39 / Sq Ft
05/12/2012 05/12/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $135,000 -- $39 / 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 $2,777 $30,823 -- --
2024 $787 $29,356 -- --
2023 $787 $38,340 $7,230 $31,110
2022 $769 $37,470 $9,285 $28,185
2021 $767 $37,305 $9,285 $28,020
2020 $761 $36,900 $8,640 $28,260
2019 $705 $35,460 $8,535 $26,925
2018 $687 $33,840 $6,015 $27,825
2017 $664 $8,685 $6,090 $2,595
2016 $650 $8,685 $6,090 $2,595
2015 $648 $13,970 $2,790 $11,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4714252

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-60-016