NOT LISTED FOR SALE

637 W 5th Ave Unit A Mesa, AZ 85210

West Central Mesa Neighborhood

Estimated Value: $505,707 - $725,000

8 Beds
4 Baths
650 Sq Ft
$919/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $245,000 $377 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $3,447/month

4 Days on Market

Highlights

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

About This Home

As of July 2016

Cash flowing investment opportunity! Four plex consists of 2bed/1bath units all currently rented at $600mo with long term tenants in place. Low vacancy rates these units rent out quickly. Units are individually metered for electric, landlord pays for water/sewage & landscape maintenance. Buyer to verify all material facts during inspection period, please do not disturb tenants.

Last Agent to Sell the Property

Zubin Lakdawalla

Realty ONE Group License #SA541173000 Listed on: 06/22/2016

Last Buyer's Agent

Mike Ross

HomeSmart License #BR560183000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,058

Year Built

  • Built in 1980

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, landscaping
  • Tax Lot 16
  • Assessor Parcel Number 134-10-018

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,113 sf
  • Southwest Mesa Center Subdivision

Building Details

  • Operating Expense $4,658
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,058

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Broadway & Extension
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2015
  • Directions: East to Date Dr South to 5th Ave west to property on south side of 5th Ave.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: SOUTHWEST MESA CENTER
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Street Parking
  • Attached Garage: No
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • 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

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 12,113 sf
  • Additional Parcels: No
  • Parcel #: 134-10-018

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 4658.0

Tax Info

  • Tax Annual Amount: 1058.0
  • Tax Book Number: 134.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2016
Sold by
Roebke Steven
Bought by
Striker 64 Llc
Total Days on Market
4
Current Estimated Value
$597,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 22, 2016
Closed on
Jul 6, 2016
Sold by
Bracamonte Mateo and Bracamonte Graciela
Bought by
Roebke Steven
Seller's Agent
Zubin Lakdawalla
Realty ONE Group
Buyer's Agent
Mike Ross
HomeSmart
List Price
$240,000
Sold Price
$245,000
Premium/Discount to List
$5,000
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$168,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 1996
Sold by
Odonnell James E and Odonnell Amureta M
Bought by
Bracamonte Mateo and Bracamonte Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,017
Interest Rate
7.41%
Mortgage Type
FHA
Source: Public Records

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
Striker 64 Llc $240,000 None Available
Roebke Steven $240,000 Grand Canyon Title Agency
Bracamonte Mateo $129,000 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roebke Steven $168,000
Previous Owner Bracamonte Mateo $143,000
Previous Owner Bracamonte Mateo $128,017
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2016 07/12/16 Sold $245,000 +2.1% $377 / Sq Ft
06/26/2016 06/26/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $240,000 -- $369 / 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 $1,337 $13,623 -- --
2024 $1,348 $12,974 -- --
2023 $1,348 $44,330 $8,860 $35,470
2022 $1,320 $33,070 $6,610 $26,460
2021 $1,336 $27,620 $5,520 $22,100
2020 $1,319 $24,650 $4,930 $19,720
2019 $1,232 $20,710 $4,140 $16,570
2018 $1,183 $18,470 $3,690 $14,780
2017 $1,148 $15,610 $3,120 $12,490
2016 $1,126 $14,010 $2,800 $11,210
2015 $1,058 $13,220 $2,640 $10,580
Source: Public Records

Agents Affiliated with this Home

  • Zubin Lakdawalla

    Seller's Agent in 2016

    Zubin Lakdawalla

    Realty One Group

    (480) 628-3647

    34 Total Sales

    Zubin Lakdawalla
    Section Image

  • M

    Buyer's Agent in 2016

    Mike Ross

    HomeSmart

    (480) 262-6000

    11 Total Sales

    Mike Ross
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5461073

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-10-018

Arizona Maricopa County Mesa 85210 West Central Mesa

637 W 5th Ave Unit A, Mesa, AZ

This home is located at 637 W 5th Ave Unit A, Mesa, AZ 85210 since 22 June 2016 and is currently estimated at $597,177, approximately $918 per square foot. This property was built in 1980. 637 W 5th Ave Unit A is a home located in Maricopa County with nearby schools including Guerrero 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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