650 N Drew St W Mesa, AZ 85201
Evergreen Historic District NeighborhoodEstimated Value: $359,000 - $494,000
--
Bed
2
Baths
1,445
Sq Ft
$283/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4 Car Attached Garage
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Cooling Available
About This Home
As of March 2017GREAT INVESTMENT OPPORTUNITY FOR OWNING A MULTI-UNIT! This duplex has been well maintained including a new roof in 2015, upgraded shower in the 2 bedroom unit, ceiling fans throughout, copper plumbing and a large irrigated lot. Fully rented with long term tenants. Both rents are below market and are month to month. Less than one mile to the Mesa Convention Center, Mesa Arts Center and the Valley Metro Light Rail. All appliances which seller owns will convey. Buyer to verify all facts and financials on the property during the inspection period. Owner holds an inactive Real Estate License in the state of Arizona. Please drive by only, DO NOT DISTURB TENANTS. Property inspection with an accepted contract. Thanks for submitting your offers to
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $705
Year Built
- Built in 1962
Lot Details
- 9,365
Home Design
- Built-Up Roof
- Block Exterior
Flooring
- Wood Flooring
Parking
- 4 Car Attached Garage
- Common or Shared Parking
Schools
- Eisenhower Center For Innovation Elementary School
- Carson Junior High Middle School
- Westwood High School
Utilities
- Cooling Available
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for gas, electricity, cable TV
- The owner pays for trash collection, water
- Tax Lot 18
- Assessor Parcel Number 137-24-079
Community Details
Overview
- 2 Units
- Building Dimensions are 9375
- Kent Manor Subdivision
Building Details
- Operating Expense $2,925
- Gross Income $12,230
- Net Operating Income $9,555
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 31, 2022
Sold by
Townsend James M
Bought by
650 Drew Llc
Total Days on Market
91
Current Estimated Value
Purchase Details
Listed on
Nov 17, 2016
Closed on
Feb 23, 2017
Sold by
Classic Holdings Llc
Bought by
Townsend James M
Seller's Agent
Karen Despines
HomeSmart
Buyer's Agent
Heather Cates
Citiea
List Price
$169,500
Sold Price
$169,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.37%
Original Mortgage
$168,547
Interest Rate
4.19%
Mortgage Type
VA
Purchase Details
Listed on
Jul 30, 2013
Closed on
Aug 9, 2013
Sold by
Tripodi Antonio J and Tripodi Mary Theresa
Bought by
Classic Holdings Llc
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Karen Despines
HomeSmart
List Price
$99,500
Sold Price
$105,100
Premium/Discount to List
$5,600
5.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%
Purchase Details
Closed on
Mar 2, 2006
Sold by
Tripodi Antonio J
Bought by
Tripodi Antonio J and Tripodi Mary Theresa
Purchase Details
Closed on
Jul 28, 1995
Sold by
Schnabel Rudolph K
Bought by
Barkley Suzanne M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,098
Interest Rate
7.62%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 19, 1995
Sold by
Barkley Suzanne M
Bought by
Tripodi Antonio J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,098
Interest Rate
7.62%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
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Similar Homes in Mesa, AZ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 650 Drew Llc | -- | None Listed On Document | |
| Townsend James M | $169,500 | Great Arnerican Title Agency | |
| Classic Holdings Llc | $105,100 | Stewart Title & Trust Of Pho | |
| Tripodi Antonio J | -- | None Available | |
| Barkley Suzanne M | -- | Grand Canyon Title Agency In | |
| Tripodi Antonio J | $68,500 | Grand Canyon Title Agency In |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Townsend James M | $172,056 | |
| Previous Owner | Townsend James M | $168,407 | |
| Previous Owner | Townsend James M | $169,025 | |
| Previous Owner | Townsend James M | $168,547 | |
| Previous Owner | Tripodi Antonio J | $68,098 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2017 03/15/17 | Sold | $169,500 | 0.0% | $117 / Sq Ft |
| 02/16/2017 02/16/17 | Pending | -- | -- | -- |
| 11/17/2016 11/17/16 | For Sale | $169,500 | +61.3% | $117 / Sq Ft |
| 08/21/2013 08/21/13 | Sold | $105,100 | +5.6% | $73 / Sq Ft |
| 08/02/2013 08/02/13 | Pending | -- | -- | -- |
| 07/30/2013 07/30/13 | For Sale | $99,500 | -- | $69 / 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 | $880 | $8,523 | -- | -- |
| 2024 | $886 | $8,117 | -- | -- |
| 2023 | $886 | $26,720 | $5,340 | $21,380 |
| 2022 | $865 | $20,220 | $4,040 | $16,180 |
| 2021 | $875 | $17,400 | $3,480 | $13,920 |
| 2020 | $825 | $15,510 | $3,100 | $12,410 |
| 2019 | $771 | $12,950 | $2,590 | $10,360 |
| 2018 | $740 | $11,670 | $2,330 | $9,340 |
| 2017 | $718 | $9,760 | $1,950 | $7,810 |
| 2016 | $705 | $9,060 | $1,810 | $7,250 |
| 2015 | $662 | $7,900 | $1,580 | $6,320 |
Source: Public Records
Agents Affiliated with this Home
-
Karen Despines
K
Seller's Agent in 2017
Karen Despines
HomeSmart
(480) 558-8800
-
Heather Cates
Buyer's Agent in 2017
Heather Cates
Citiea
(480) 616-4433
34 Total Sales
-
N
Seller's Agent in 2013
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5526530
APN: 137-24-079
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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