NOT LISTED FOR SALE

6448 E Butte St Mesa, AZ 85205

Central Mesa East Neighborhood
-- Bed
2 Baths
1,979 Sq Ft
9,670 Sq Ft Lot

Last Sold July 09, 2019

Last sale price $455,000 $230 Per Sq Ft

150 Days on Market

Highlights

  • Clubhouse
  • Heated Community Pool
  • Multiple cooling system units
  • Franklin at Brimhall Elementary School Rated A
  • Shuffleboard Court
  • Ceramic Tile Flooring

About This Home

As of July 2019

Excellent investment opportunity with stable tenant base in this 55+ community. One building consists of three 800 square foot one bedroom units, and two 2 bedroom/2 bath units ranging in size from 1450 to 1979 square feet. Rents average $3200 per month. Largest unit has wood burning fireplace, very large kitchen and separate family room and living room. Next largest unit is very light and bright and has very large living room with picture window and spacious bedrooms. All units have patio areas in the front and back.

This listing includes two parcels 141-61-061 and 141-61-062.

Do not disturb occupants. Showings by appointment only.

Last Listed By

Jill Anderson

Russ Lyon Sotheby's International Realty License #SA538355000 Listed on: 01/15/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,246

Year Built

  • Built in 1972

Lot Details

  • 9,670

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter
  • Septic Tank

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 263
  • Assessor Parcel Number 141-61-062

Community Details

Overview

  • 5 Units
  • Building Dimensions are 202.94' x 95.60
  • Velda Rose Estates East Subdivision

Amenities

  • Clubhouse
  • Game Room

Recreation

  • Shuffleboard Court
  • Heated Community Pool

Building Details

  • Operating Expense $13,012
  • Gross Income $46,356
  • Net Operating Income $33,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,246

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Recker Road and University Drive
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2018
  • Directions: East on University to 65th Street, right on 65th, then right on Butte. 5-Plex is on the northwest corner facing Butte Street.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Professional Management Expense: 3000.0
  • Co List Office Mls Id: lyon05
  • Co List Office Phone: 480-488-2400
  • Subdivision Name: VELDA ROSE ESTATES EAST
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Brick Veneer, Painted, Block, Brick, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: Shuffle Brd/Lawn Bwl, Game/Rec Room, Clubhouse, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Shutters2: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:GameRec Room: Yes
  • Community Amenities:Shuffle BrdLawn Bwl: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 1010.0

Schools

  • Elementary School: Adult
  • High School: Adult
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Adult

Lot Info

  • Lot Size: 202.94' x 95.60
  • Additional Parcels: Yes
  • Parcel #: 141-61-062

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 46356.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 2100.0
  • Property Net Operating Income: 33344.0
  • Annual Operating Expense: 13012.0

Tax Info

  • Tax Annual Amount: 2246.0
  • Tax Book Number: 141.00
  • Tax Lot: 263

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2020
Sold by
Binder Cathryn Marie
Bought by
Binder Cathryn Marie
Total Days on Market
150

Purchase Details

Listed on
Mar 2, 2016
Closed on
May 20, 2016
Sold by
Mdjd Ventures Llc
Bought by
Green Street Group Properties Llc
Seller's Agent
Mark Cassaday
DeLex Realty
Buyer's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
List Price
$435,000
Sold Price
$400,000
Premium/Discount to List
-$35,000
-8.05%

Purchase Details

Closed on
Oct 26, 2007
Sold by
Cassaday Calvin and Cassaday Janet D
Bought by
Mdjd Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back

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
Binder Cathryn Marie -- None Available
Green Street Group Properties Llc $395,000 Security Title Agency Inc
Mdjd Ventures Llc $325,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mdjd Ventures Llc $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2019 07/09/19 Sold $455,000 -4.2% $230 / Sq Ft
06/13/2019 06/13/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $475,000 0.0% $240 / Sq Ft
05/21/2019 05/21/19 For Sale $475,000 +4.4% $240 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
04/10/2019 04/10/19 Off Market $455,000 -- --
02/21/2019 02/21/19 Pending -- -- --
01/23/2019 01/23/19 Pending -- -- --
01/14/2019 01/14/19 For Sale $475,000 +18.8% $240 / Sq Ft
05/27/2016 05/27/16 Sold $400,000 -8.0% $202 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
03/02/2016 03/02/16 For Sale $435,000 0.0% $220 / Sq Ft
07/03/2014 07/03/14 Rented $840 0.0% --
06/06/2014 06/06/14 Off Market $840 -- --
04/17/2014 04/17/14 For Rent $840 +12.0% --
05/14/2012 05/14/12 Rented $750 -6.3% --
05/10/2012 05/10/12 Under Contract -- -- --
04/01/2012 04/01/12 For Rent $800 -- --
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 $266 $2,707 $2,707 --
2024 $265 $2,578 $2,578 --
2023 $265 $8,520 $8,520 $0
2022 $257 $6,400 $6,400 $0
2021 $257 $5,580 $5,580 $0
2020 $254 $5,100 $5,100 $0
2019 $240 $4,080 $4,080 $0
2018 $233 $3,950 $3,950 $0
2017 $228 $3,430 $3,430 $0
2016 $220 $3,070 $3,070 $0
2015 $207 $2,680 $2,680 $0
Source: Public Records

Agents Affiliated with this Home

  • Jill Anderson

    Seller's Agent in 2019

    Jill Anderson

    Russ Lyon Sotheby's International Realty

    151 Total Sales

    Jill Anderson
    Section Image
  • Katie Atkison

    Seller Co-Listing Agent in 2019

    Katie Atkison

    Success Property Brokers

    (602) 769-1910

    40 Total Sales

    Katie Atkison
    Section Image
  • Julie Rickli

    Buyer's Agent in 2019

    Julie Rickli

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 620-4263

    69 in this area

    113 Total Sales

    Julie Rickli
    Section Image
  • Mark Cassaday

    Seller's Agent in 2016

    Mark Cassaday

    DeLex Realty

    Section Image

  • M

    Buyer's Agent in 2014

    Maria Lamanna

    Realty One Group

  • M

    Buyer's Agent in 2014

    Maria Card

    CENTURY 21 SOLUTIONS

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5867903

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-61-062

Arizona Maricopa County Mesa 85205 Central Mesa East

6448 E Butte St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 6448 E Butte St, Mesa, AZ 85205 since 15 January 2019. This property was built in 1972. 6448 E Butte 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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