Seller's Agent in 2018
Heather Cates
Citiea
(480) 616-4433
35 Total Sales
645 N Cherry Mesa, AZ 85201
Riverview NeighborhoodEstimated Value: $627,778 - $919,000
--
Bed
--
Bath
3,954
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- Central Air
- Franklin at Brimhall Elementary School Rated A
- Heating Available
About This Home
As of November 2018Great income producing property with a good cap rate that stays rented with long term tenants. Same owners for 10 years. Owners are proud to say they have the same nice, loyal and long term tenants. Leases are month to month and rents can be increased. All units are 2 bedroom 1 bath. Currently two units are rented at $700/month. One units at $610. One unit rents at $630. There is no HOA. Single Level units. New roof in approx. 2014. The tenants enjoy off street parking and small patios.The units are nice inside with tile and carpet. Great Mesa location close to shopping, dining, entertainment and freeway access. Drive by only. Do not walk the property. Do not disturb the tenants.
Last Buyer's Agent
Arvle Knight
Transworld Business Advisors of Phoenix NE License #BR535084000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,446
Year Built
- Built in 1963
Lot Details
- 0.25
Home Design
- Composition Roof
- Block Exterior
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer, landscaping
- Assessor Parcel Number 135-23-011-Z
Community Details
Overview
- 4 Units
- Building Dimensions are 134.85x80.26x135.04x79.76
Building Details
- Operating Expense $5,675
- Gross Income $31,680
- Net Operating Income $26,005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2018
Closed on
Nov 5, 2018
Sold by
Parekh Ashwin and The Parekh Family Trust
Bought by
Mason Randolph T and Mason Rosalia
Seller's Agent
Heather Cates
Citiea
Buyer's Agent
Arvle Knight
Transworld Business Advisors of Phoenix NE
List Price
$375,000
Sold Price
$375,000
Total Days on Market
7
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
$395,195
Avg. Annual Appreciation
11.42%
Original Mortgage
$217,500
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2007
Sold by
Parekh Ashwin
Bought by
Parekh Ashwin and The Parekh Family Trust
Purchase Details
Closed on
Sep 19, 2006
Sold by
Parekh Angela
Bought by
Parekh Ashwin L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
6.44%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Sep 7, 2006
Sold by
Black Rachel
Bought by
Black Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
6.44%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Aug 30, 2006
Sold by
Sunday Mary F
Bought by
Parekh Ashwin L and Black Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
6.44%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Mar 1, 2006
Sold by
Sunday Mary F
Bought by
Sunday Mary F and The Mary F Sunday Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mason Randolph T | $375,000 | American Title Service Agenc | |
| Parekh Ashwin | -- | None Available | |
| Parekh Ashwin L | -- | Fidelity National Title Co | |
| Black Jeffrey | -- | Fidelity National Title Co | |
| Parekh Ashwin L | $285,000 | Fidelity National Title Co | |
| Sunday Mary F | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Randy And Lia Mason Family Tru | $213,500 | |
| Closed | Mason Randolph T | $217,500 | |
| Previous Owner | Parekh Ashwin L | $28,500 | |
| Previous Owner | Parekh Ashwin L | $28,500 | |
| Previous Owner | Black Jeffrey | $28,500 | |
| Previous Owner | Parekh Ashwin L | $228,000 | |
| Previous Owner | Sunday Robert F | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/16/2018 11/16/18 | Sold | $375,000 | 0.0% | $95 / Sq Ft |
| 10/16/2018 10/16/18 | Pending | -- | -- | -- |
| 10/09/2018 10/09/18 | For Sale | $375,000 | -- | $95 / 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 | $1,716 | $17,487 | -- | -- |
| 2024 | $1,731 | $16,655 | -- | -- |
| 2023 | $1,731 | $62,310 | $12,460 | $49,850 |
| 2022 | $1,695 | $41,480 | $8,290 | $33,190 |
| 2021 | $1,715 | $34,830 | $6,960 | $27,870 |
| 2020 | $1,693 | $30,670 | $6,130 | $24,540 |
| 2019 | $1,582 | $26,210 | $5,240 | $20,970 |
| 2018 | $1,518 | $23,500 | $4,700 | $18,800 |
| 2017 | $1,473 | $19,720 | $3,940 | $15,780 |
| 2016 | $1,446 | $18,780 | $3,750 | $15,030 |
| 2015 | $1,359 | $16,950 | $3,390 | $13,560 |
Source: Public Records
Agents Affiliated with this Home
-
Heather Cates
-
Buyer's Agent in 2018
Arvle Knight
Transworld Business Advisors of Phoenix NE
(602) 885-8000
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5830779
APN: 135-23-011Z
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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