NOT LISTED FOR SALE

Estimated Value: $492,519 - $883,000

6 Beds
-- Bath
2,243 Sq Ft
$277/Sq Ft Est. Value

Sale Details

Date Sold: January 7, 2021

Last sale price $800,000 $357 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $3,364 / mo

9 Days on Market

Highlights

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

About This Home

As of January 2021

Great investment cash flow opportunity just south of the light rail. Right off Mesa dr. (Mesa Dr. city is expanding and spending tax dollars on now) Growing area full of potential. Investors who know the value of area and rent increase opportunity this is the chance to get in before rents are increased. One unit has increased rent to $1025 plus tax. All other units can do the same. Average rent right now is $850 each two bedroom one bath with a yard. Most are month to month and rents can be raised now. Property manager is willing to stay on and do this for you.

Last Agent to Sell the Property

Andrew Williams

Synchronicity Realty License #BR644988000 Listed on: 10/19/2020

Last Buyer's Agent

Andrew Williams

Synchronicity Realty License #BR644988000 Listed on: 10/19/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,019

Year Built

  • Built in 1971

Lot Details

  • 8,538

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 10 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 139-35-161

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are .4

Building Details

  • Operating Expense $2,019
  • Gross Income $73,800
  • Net Operating Income $73,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,019

Year Built

Built in 1971

Lot Details

8,538 Sq Ft Lot

Listing Details

  • Cross Street: Mesa Dr and Broadway
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 1800
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric
  • 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

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: .4
  • Additional Parcels: Yes
  • Parcel #: 139-35-161

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 6
  • Annual Gross Income: 73800.0
  • Property Net Operating Income: 73800.0
  • Annual Operating Expense: 2019.0

Tax Info

  • Tax Annual Amount: 2019.0
  • Tax Book Number: 139.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
Dec 29, 2020
Sold by
Bardin Anthony Scott and Bardin Juliette Pauline
Bought by
Twin Palms Mesa Llc
Seller's Agent
Andrew Williams
Synchronicity Realty
Buyer's Agent
Andrew Williams
Synchronicity Realty
List Price
$820,000
Sold Price
$800,000
Premium/Discount to List
-$20,000
-2.44%
Current Estimated Value
$621,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$178,120
Avg. Annual Appreciation
-4.66%
Original Mortgage
$289,500
Outstanding Balance
$259,721
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$362,159

Purchase Details

Closed on
Jan 14, 2016
Sold by
Vangood Holdings Lllp
Bought by
Bardin Anthony Scott

Purchase Details

Closed on
Feb 4, 2013
Sold by
Carrillo Juan
Bought by
Goodwin Elizabeth and Halteren David Van

Purchase Details

Closed on
May 29, 2003
Sold by
Roe Jay and Roe Sharon
Bought by
Carrillo Juan
Source: Public Records
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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
Twin Palms Mesa Llc $386,000 Great American Title Agency
Bardin Anthony Scott $139,000 Old Republic Title Agency
Goodwin Elizabeth $107,951 Fidelity National Title Agen
Carrillo Juan $773,000 American Title Ins Agency Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Twin Palms Mesa Llc $289,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2021 01/07/21 Sold $800,000 +100.0% $357 / Sq Ft
01/04/2021 01/04/21 Sold $400,000 -51.2% $178 / Sq Ft View Prior Sale
10/19/2020 10/19/20 For Sale $820,000 +96.2% $366 / Sq Ft
09/22/2020 09/22/20 For Sale $418,000 -- $186 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,064 $10,782 -- --
2024 $1,067 $10,268 -- --
2023 $1,067 $39,110 $7,820 $31,290
2022 $1,045 $27,370 $5,470 $21,900
2021 $1,058 $23,010 $4,600 $18,410
2020 $1,044 $18,960 $3,790 $15,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6148780

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-35-162A

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