NOT LISTED FOR SALE

Estimated Value: $2,234,592

-- Bed
-- Bath
-- Sq Ft
1.76 Acres

Last Sold February 23, 2022

Last sale price $2,000,000

Est. 12% increase in value since last sale

Current estimated payment $13,663/month

15 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Resident Manager or Management On Site
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring

About This Home

As of February 2022

Circle RB Lodge & RV Park. Turn-key business in a prime location with upside potential. Close to shopping, restaurants, hospital, US 60, AZ 202, city bus stop and light rail. Contact Listing Agent for more information.

Last Agent to Sell the Property

Joseph Dubas

Iannelli and Associates License #SA660602000 Listed on: 11/22/2021

Last Buyer's Agent

Stephanie Greenfield

SERHANT. License #BR628185000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,224

Year Built

  • Built in 1951

Lot Details

  • 1.76

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 20 Open Parking Spaces
  • 30 Parking Spaces
  • 10 Covered Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer, cable TV, landscaping
  • Legal Lot and Block 1-8 / 5
  • Assessor Parcel Number 141-58-044-A

Community Details

Overview

  • 3 Buildings
  • 25 Units
  • Building Dimensions are 76,800
  • Desert Wells Amd Subdivision

Building Details

  • Operating Expense $14,224
  • Gross Income $238,000

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,224

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: E Main & 66th St
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: LC
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1951
  • Mobile Home Prk Info Avg Rent R V Spaces: 845.0
  • Mobile Home Prk Info Total Number Spaces: 8
  • Tax Year: 2021
  • Directions: From Power and Main head three blocks west. Property is on south side of street.
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: DESERT WELLS AMD
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition, Tile, Rolled/Hot Mop

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 30.0

Utilities

  • Electric: SRP
  • Cooling: Central Air, Window/Wall Unit, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Furnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 76,800
  • Additional Parcels: No
  • Parcel #: 141-58-044-A

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 25
  • Annual Gross Income: 237999.7
  • Annual Operating Expense: 14224.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 14224.0
  • Tax Block: 5
  • Tax Book Number: 141.00
  • Tax Lot: 1-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
6547 E Main Operations Llc
Bought by
Circle Rb Holdings Llc
Total Days on Market
15
Current Estimated Value
$2,234,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,179,576
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$1,070,994

Purchase Details

Listed on
Nov 22, 2021
Closed on
Feb 14, 2022
Sold by
Dubas James T and Dubas Diana J
Bought by
6547 E Main Operations Llc
Seller's Agent
Joseph Dubas
Iannelli and Associates
Buyer's Agent
Stephanie Greenfield
SERHANT.
List Price
$2,000,000
Sold Price
$2,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%

Purchase Details

Closed on
Aug 28, 2018
Sold by
Mochi Properties Llc
Bought by
Dubas James T and Dubas Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 9, 2013
Sold by
Sandoval Praxedis and Sandoval Norma L
Bought by
Mochi Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2005
Sold by
Pariza Nada and The Pariza Family Living Trust
Bought by
Sandoval Praxedis and Sandoval Norma L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.31%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Circle Rb Holdings Llc $2,200,000 Pioneer Title
6547 E Main Operations Llc $2,000,000 Pioneer Title
Dubas James T $1,045,000 Great American Title Agency
Mochi Properties Llc $525,000 First American Title Insuran
Sandoval Praxedis $850,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Circle Rb Holdings Llc $1,200,000
Previous Owner Dubas James T $600,000
Previous Owner Mochi Proerties Llc $140,000
Previous Owner Mochi Properties Llc $375,000
Previous Owner Sandoval Praxedis $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $2,000,000 0.0% --
12/06/2021 12/06/21 Pending -- -- --
11/21/2021 11/21/21 For Sale $2,000,000 -- --
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 $13,424 $132,897 -- --
2024 $13,887 $130,248 -- --
2023 $13,887 $144,807 $73,948 $70,859
2022 $13,587 $132,096 $65,304 $66,792
2021 $14,224 $133,548 $67,035 $66,513
2020 $14,038 $135,048 $69,046 $66,002
2019 $13,004 $123,963 $60,696 $63,267
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6324437

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-58-044A