NOT LISTED FOR SALE

632 S Allen Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $388,000 - $449,000

-- Bed
-- Bath
1,684 Sq Ft
$246/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $355,000 $211 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,380/month

9 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of April 2021

Great, hard to find duplex in a residential area. Two units. Each is 2 bedroom and 1 bath with laundry.
Long time tenants in place currently on month to month leases.
Drive by only, no sign.
Showings will be set up by appointment only with submission of evidence of financing (prequal or cash reserves)
Seller is planning a 1031 exchange at no additional cost to buyer.

Last Listed By

Tracy Shaw

Desert Sand Realty, L.L.C. License #BR107433000 Listed on: 03/25/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $871

Year Built

  • Built in 1981

Lot Details

  • 6,490

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

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

Schools

  • Lindbergh Elementary School
  • Taylor Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot UNKNOWN
  • Assessor Parcel Number 139-04-011-C

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6490
  • Gable Village Subdivision

Building Details

  • Operating Expense $3,408
  • Gross Income $15,214
  • Net Operating Income $12,677

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$871

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Stapley and Southern
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2020
  • Directions: North on Stapley to 6th Avenue. East on 6th Avenue to Allen Street. South on Allen to property. DRIVE BY ONLY DO NOT DISTURB
  • Road Surface Type: Asphalt
  • Subdivision Name: Gable Village
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1838.0

Schools

  • Elementary School: Lindbergh Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Taylor Junior High School

Lot Info

  • Lot Size: 6490
  • Additional Parcels: No
  • Parcel #: 139-04-011-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 15214.0
  • Insurance Expense: 596.0
  • Property Net Operating Income: 12677.0
  • Annual Operating Expense: 3408.0

Tax Info

  • Tax Annual Amount: 871.0
  • Tax Book Number: 139.00
  • Tax Lot: UNKNOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2022
Sold by
Rs Xii Phoenix Owner 1 Lp
Bought by
Star 2022-Sfr3 Borrower Lp
Total Days on Market
9
Current Estimated Value
$413,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,765,000
Outstanding Balance
$568,513,293
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
-$568,076,166

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 22, 2021
Sold by
Conrad Properties 5 Llc
Bought by
Rs Xii Phoenix Owner 1 Lp
Seller's Agent
Tracy Shaw
Desert Sand Realty, L.L.C.
Buyer's Agent
Josh Strong
Nhimble Homes
List Price
$345,000
Sold Price
$355,000
Premium/Discount to List
$10,000
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%

Purchase Details

Closed on
Jun 2, 2017
Sold by
Conrad Properties 2 Llc
Bought by
Conrad Properties 5 Llc

Purchase Details

Closed on
Sep 30, 2010
Sold by
Conrad Robert E and Conrad Susan
Bought by
Conrad Properties I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,800
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2010
Sold by
Conrad Properties I Llc
Bought by
Conrad Robert E and Conrad Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,800
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2010
Sold by
Conrad Robert E and Conrad Susan
Bought by
Conrad Properties I Llc

Purchase Details

Closed on
Feb 26, 2003
Sold by
Mortensen Michael Lee and Mortensen Autumn Vance
Bought by
Conrad Robert E and Conrad Susan

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
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2001
Sold by
Mortensen Richard Lee
Bought by
Mortensen Michael Lee and Mortensen Autumn Vance

Purchase Details

Closed on
Aug 14, 1997
Sold by
Ramsey William P and Whitehead Michael J
Bought by
Mortensen Richard Lee

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
Rs Xii Phoenix Owner 1 Lp $350,000 Empire West Title Agency Llc
Conrad Properties 5 Llc -- None Available
Conrad Properties I Llc -- None Available
Conrad Robert E -- None Available
Conrad Properties I Llc -- None Available
Conrad Robert E $126,000 North American Title Co
Mortensen Michael Lee -- --
Mortensen Richard Lee $84,500 Nations Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Star 2022-Sfr3 Borrower Lp $0
Previous Owner Conrad Robert E $93,800
Previous Owner Conrad Robert E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $355,000 +2.9% $211 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/21/2021 03/21/21 For Sale $345,000 -- $205 / 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 $883 $8,993 -- --
2024 $890 $8,565 -- --
2023 $890 $29,700 $5,940 $23,760
2022 $871 $23,380 $4,670 $18,710
2021 $882 $17,420 $3,480 $13,940
2020 $871 $17,420 $3,480 $13,940
2019 $814 $13,470 $2,690 $10,780
2018 $781 $12,510 $2,500 $10,010
2017 $758 $10,930 $2,180 $8,750
2016 $743 $10,160 $2,030 $8,130
2015 $699 $8,580 $1,710 $6,870
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tracy Shaw

    Desert Sand Realty, L.L.C.

    (480) 503-4870

    1 in this area

    16 Total Sales

    Tracy Shaw
    Section Image

  • J

    Buyer's Agent in 2021

    Josh Strong

    Nhimble Homes

    (602) 230-7600

    6 in this area

    584 Total Sales

    Section Image

  • J

    Buyer's Agent in 2021

    Joshua Strong

    HomeSmart

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6211736

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-04-011C

Arizona Maricopa County Mesa 85204 Reed Park

632 S Allen, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 632 S Allen, Mesa, AZ 85204 since 25 March 2021 and is currently estimated at $413,931, approximately $245 per square foot. This property was built in 1981. 632 S Allen is a home located in Maricopa County with nearby schools including Lindbergh 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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