NOT LISTED FOR SALE

6419 E Avalon St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $285,624 - $379,000

1 Bed
-- Bath
1,056 Sq Ft
$310/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $490,000 $464 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $1,876/month

41 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2018

Super Bargain here With Lots of Upside. Investors Take a Close Look as This Property Just Needs an Active Manager to add Some Exterior Amenities and to Raise the Rents to Market Adding Around a $1,000 a Month to the Rent Roll. Already Good Cash Flow, But You Can Make it Even Better. You Can Add Value to This One ! All Facts and Figures Approximate, Buyer to Verify To Their Satisfaction.

Last Listed By

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 12/12/2017

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,120

Year Built

  • Built in 1955

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water
  • Legal Lot and Block 16 / 3
  • Assessor Parcel Number 141-60-046

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are IRR
  • Granite Reef Vista 1 Subdivision

Building Details

  • Operating Expense $17,834
  • Gross Income $50,730
  • Net Operating Income $32,802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,120

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 64th & Main St
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2017
  • Directions: North on 64th St. East on Avalon St. Properties on South side of street.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3552.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: GRANITE REEF VISTA 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2040.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 141-60-046

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 9
  • Annual Gross Income: 50730.0
  • Insurance Expense: 4300.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 32802.0
  • Annual Operating Expense: 17834.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2120.0
  • Tax Block: 3
  • Tax Book Number: 141.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2017
Closed on
Mar 14, 2018
Sold by
Hall Elizabeth A
Bought by
New Avalon Nine Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Hedy Li
Cactus Mountain Properties, LLC
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%
Total Days on Market
41
Current Estimated Value
$327,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$162,594
Avg. Annual Appreciation
-5.45%

Purchase Details

Closed on
Apr 30, 2002
Sold by
Hall Elizabeth A
Bought by
Hall Elizabeth A and The Elizabeth A Hall Living Trust

Purchase Details

Closed on
Jul 10, 1997
Sold by
Hanson Julie Ann
Bought by
Hall Elizabeth A

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
New Avalon Nine Llc $490,000 Premier Title Agency
Hall Elizabeth A -- --
Hall Elizabeth A -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $490,000 -2.0% $464 / Sq Ft
03/01/2018 03/01/18 Price Changed $500,000 0.0% $473 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/18/2018 01/18/18 Pending -- -- --
12/12/2017 12/12/17 For Sale $500,000 -- $473 / 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 $512 $5,687 -- --
2024 $519 $5,416 -- --
2023 $519 $18,560 $3,710 $14,850
2022 $507 $13,560 $2,710 $10,850
2021 $505 $12,100 $2,420 $9,680
2020 $501 $11,030 $2,200 $8,830
2019 $465 $9,020 $1,800 $7,220
2018 $453 $7,900 $1,580 $6,320
2017 $437 $7,670 $1,530 $6,140
2016 $428 $6,360 $1,270 $5,090
2015 $400 $5,370 $1,070 $4,300
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2018

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    4 in this area

    67 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2018

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    5 in this area

    43 Total Sales

    Steven Cvetanovich
    Section Image

  • H

    Buyer's Agent in 2018

    Hedy Li

    Cactus Mountain Properties, LLC

    (602) 386-2597

    15 Total Sales

    Hedy Li
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5697931

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-60-046

Arizona Maricopa County Mesa 85205 Central Mesa East

6419 E Avalon St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 6419 E Avalon St, Mesa, AZ 85205 since 12 December 2017 and is currently estimated at $327,406, approximately $310 per square foot. This property was built in 1955. 6419 E Avalon St 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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