NOT LISTED FOR SALE

6417 E University Dr Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $417,000 - $474,000

-- Bed
5 Baths
2,917 Sq Ft
$152/Sq Ft Est. Value

Last Sold July 23, 2018

Last sale price $225,000 $77 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,435/month

3 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring

About This Home

As of July 2018

WOW! AMAZING DUPLEX INVESTMENT OPPORTUNITY! 55+community. Good cash flow, easy maintenance & wonderfully maintained by same owner for 23 yrs. Two 2 BD/1 BA units with a one & a 2 car attached carport. One tenant has been there for 20 years! This great property is located near shopping and dining w easy freeway access. Lg living area, eat-in kitchen, covered patio. Laundry indoors in one & other in carport closet. New flooring in one unit, newer paint & flooring in the other. Steps away from the community center & pool makes this location very desirable. Call agent for details & showings. Do not walk properties or disturb tenants. Purchase the Triplex behind it and own 5 units! All facts & figures are approximate, buyer to verify MLS information. Don't miss out on this Gem of an opportunity

Last Agent to Sell the Property

Jayne Houghton

Coldwell Banker Realty License #SA534223000 Listed on: 06/22/2018

Coldwell Banker Realty

Last Buyer's Agent

Howard Rudin

West USA Realty License #SA527947000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $940

Year Built

  • Built in 1971

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

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

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 257
  • Assessor Parcel Number 141-61-056

Community Details

Overview

  • 2 Units
  • Building Dimensions are 12058
  • Velda Rose Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $5,412
  • Net Operating Income $11,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$940

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: University & 64th St Mesa
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multiple
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2017
  • Directions: 202 East towards Mesa, south on Power rd, W on University to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: Velda Rose
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 420.0
  • Annual Water Sewer Expense: 552.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 12058
  • Additional Parcels: No
  • Parcel #: 141-61-056

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 751.0
  • Property Net Operating Income: 11148.0
  • Annual Operating Expense: 5412.0
  • Vacancy Allowance Rate: 1.0

Tax Info

  • Tax Annual Amount: 940.0
  • Tax Book Number: 141.00
  • Tax Lot: 257

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2018
Sold by
Gillstrap John Curtis and Gillstrap Daisy
Bought by
Big Butte Properties Llc
Current Estimated Value
$442,125

Purchase Details

Listed on
Jun 22, 2018
Closed on
Jul 17, 2018
Sold by
Rorvig Sherman Michael and Joann Morgan Rorvig Trust
Bought by
Gillstrap John Curtis and Gillstrap Daisy
Seller's Agent
Jayne Houghton
Coldwell Banker Realty
Buyer's Agent
Howard Rudin
West USA Realty
List Price
$240,000
Sold Price
$225,000
Premium/Discount to List
-$15,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%

Purchase Details

Closed on
Oct 27, 1995
Sold by
Rorvig Joann M
Bought by
Joann Morgan Rorvig Trust

Purchase Details

Closed on
Oct 26, 1995
Sold by
Rorvig Sherman M
Bought by
Rorvig Joann M
Source: Public Records

Range of Values:

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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
Big Butte Properties Llc -- Accommodation
Gillstrap John Curtis $217,500 Pioneer Title Agency Inc
Joann Morgan Rorvig Trust -- Grand Canyon Title Agency In
Rorvig Joann M -- Grand Canyon Title Agency In
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2018 07/23/18 Sold $225,000 -6.3% $77 / Sq Ft
06/22/2018 06/22/18 For Sale $240,000 -- $82 / 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 $1,096 $11,143 -- --
2024 $1,093 $10,612 -- --
2023 $1,093 $34,010 $6,800 $27,210
2022 $1,060 $25,270 $5,050 $20,220
2021 $1,058 $23,000 $4,600 $18,400
2020 $1,047 $21,330 $4,260 $17,070
2019 $987 $16,830 $3,360 $13,470
2018 $960 $16,380 $3,270 $13,110
2017 $940 $14,680 $2,930 $11,750
2016 $906 $12,880 $2,570 $10,310
2015 $854 $10,800 $2,160 $8,640
Source: Public Records

Agents Affiliated with this Home

  • Jayne Houghton

    Seller's Agent in 2018

    Jayne Houghton

    Coldwell Banker Realty

    (602) 695-1261

    66 Total Sales

    Jayne Houghton
    Section Image
  • Howard Rudin

    Buyer's Agent in 2018

    Howard Rudin

    West USA Realty

    (602) 390-8088

    7 in this area

    129 Total Sales

    Howard Rudin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5784224

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-61-056

Arizona Maricopa County Mesa 85205 Central Mesa East

6417 E University Dr, Mesa, AZ

This home is located at 6417 E University Dr, Mesa, AZ 85205 since 22 June 2018 and is currently estimated at $442,125, approximately $151 per square foot. This property was built in 1971. 6417 E University Dr is a home located in Maricopa County with nearby schools including Salk 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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