Seller's Agent in 2021
Carlos Alvarez
Arizona Elite Properties
(480) 560-5055
1 in this area
4 Total Sales
638 W 5th Ave Mesa, AZ 85210
West Central Mesa NeighborhoodEstimated Value: $594,000 - $754,000
Studio
--
Bath
2,604
Sq Ft
$252/Sq Ft
Est. Value
Highlights
- Brick Veneer
- Cooling Available
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Ceramic Tile Flooring
About This Home
As of April 2021This building is a unique property located in Mesa, Arizona. This building has four income-generating apartments with two bedrooms and one bathroom each. It is of solid red brick construction, and the roof is in excellent condition. Each apartment has its own AC unit, electric and gas meter. Also, each apartment has a block fenced back patio and a covered and fenced parking space with storage. There are not vacant units, and each one has seasoned tenants. All tenants have a month-to-month lease. The owner pays only for water.
Last Agent to Sell the Property
Arizona Elite Properties License #BR507936000 Listed on: 03/12/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,316
Year Built
- Built in 1960
Home Design
- Brick Veneer
- Composition Roof
Flooring
- Ceramic Tile Flooring
Parking
- 4 Parking Spaces
- 4 Covered Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water
- Tax Lot 9
- Assessor Parcel Number 134-10-011
Community Details
Overview
- 4 Units
- Building Dimensions are 11,875 SqFt
- Southwest Mesa Center Subdivision
Building Details
- Operating Expense $1,316
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 12, 2021
Closed on
Apr 16, 2021
Sold by
Gallo Martin and Gallo Elvira P
Bought by
Young Jeffrey Glenn and Young Kirstin Ann
Seller's Agent
Carlos Alvarez
Arizona Elite Properties
Buyer's Agent
Michael Bennett
ATLAS AZ, LLC
List Price
$490,000
Sold Price
$525,000
Premium/Discount to List
$35,000
7.14%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,259
Avg. Annual Appreciation
4.82%
Original Mortgage
$378,000
Outstanding Balance
$341,288
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$314,971
Purchase Details
Closed on
Feb 26, 2004
Sold by
Ramos Elijio
Bought by
Gallo Martin and Gallo Elvira P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
5.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 8, 2003
Sold by
Ramos Lorena
Bought by
Ramos Elijio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
5.75%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Sep 3, 2002
Sold by
Pugh Jack E and Pugh Patricia
Bought by
Stewart Larry and Stewart Terri
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.29%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 26, 2001
Sold by
Deltoro Daniel A
Bought by
Deltoro Zoila A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.98%
Purchase Details
Closed on
Feb 5, 1999
Sold by
Barrios Jose F and Esquivel Socorro R
Bought by
Deltoro Zoila A and Deltoro Daniel A
Purchase Details
Closed on
Nov 12, 1996
Sold by
Esquivel Socorro and Esquivel Luis Ramirez
Bought by
Esquivel Socorro
Purchase Details
Closed on
Jun 22, 1992
Sold by
Cowgur John and Cowgur Kathleen
Bought by
Barrios Jose F
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Young Jeffrey Glenn | $525,000 | First Integrity Ttl Agcy Of | |
| Gallo Martin | $209,000 | Security Title Agency | |
| Ramos Elijio | -- | Security Title Agency | |
| Ramos Elijio | $165,000 | Security Title Agency | |
| Stewart Larry | $192,000 | Land Title Agency Of Az Inc | |
| Deltoro Zoila A | -- | Fidelity National Title | |
| Deltoro Zoila A | -- | -- | |
| Esquivel Socorro | -- | -- | |
| Barrios Jose F | -- | United Title Agency Of Az In | |
| Deltoro Zoila A | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Young Jeffrey Glenn | $378,000 | |
| Previous Owner | Gallo Martin | $167,200 | |
| Previous Owner | Ramos Elijio | $33,000 | |
| Previous Owner | Ramos Elijio | $115,500 | |
| Previous Owner | Stewart Larry | $75,000 | |
| Previous Owner | Deltoro Zoila A | $48,000 | |
| Closed | Gallo Martin | $20,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2021 04/20/21 | Sold | $525,000 | +7.1% | $202 / Sq Ft |
| 03/17/2021 03/17/21 | Pending | -- | -- | -- |
| 03/12/2021 03/12/21 | For Sale | $490,000 | -- | $188 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,342 | $13,597 | -- | -- |
| 2024 | $1,346 | $12,950 | -- | -- |
| 2023 | $1,346 | $47,200 | $9,440 | $37,760 |
| 2022 | $1,318 | $34,180 | $6,830 | $27,350 |
| 2021 | $1,334 | $29,130 | $5,820 | $23,310 |
| 2020 | $1,316 | $25,780 | $5,150 | $20,630 |
| 2019 | $1,230 | $21,280 | $4,250 | $17,030 |
| 2018 | $1,180 | $18,950 | $3,790 | $15,160 |
| 2017 | $1,145 | $16,280 | $3,250 | $13,030 |
| 2016 | $1,124 | $14,450 | $2,890 | $11,560 |
| 2015 | $1,057 | $13,760 | $2,750 | $11,010 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Alvarez
-
Michael Bennett
Buyer's Agent in 2021
Michael Bennett
ATLAS AZ, LLC
(805) 886-0098
1 in this area
42 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6207126
APN: 134-10-011
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.
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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