NOT LISTED FOR SALE

Estimated Value: $518,000 - $677,000

6 Beds
-- Bath
2,243 Sq Ft
$276/Sq Ft Est. Value

Last Sold September 23, 2019

Last sale price $418,500 $187 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,371/month

44 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2019

AIM is pleased to offer for sale this newly renovated three unit building at 664 S. Mesa Dr. All of the heavy lifting has been done with new beautiful new kitchens, baths, flooring, etc. Kitchens feature new cabinets with granite tops and new stainless appliance packages. These all 2-bedroom units are 100% occupied and leased out at healthy rents with one-year leases. A new owner can simply step into stable cash flow with nothing to repair or renovate. The owner pays the water/sewer/trash bill; tenants pay their own electric and gas. The property is centrally located just South of Downtown Mesa and the Mesa Temple Complex. Midway between the Main St. light rail line and the US 60 freeway, the property is close to employers, shopping, and schools. Each unit has a spacious... Each unit has a spacious private back yard and an in-suite washer/dryer. There is ample off street parking with four covered spaces.

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 08/07/2019

Last Buyer's Agent

Timothy Theiss

eXp Realty License #BR541858000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $941

Year Built

  • Built in 1971

Lot Details

  • 8,668

Home Design

  • Brick Exterior Construction
  • Foam Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 21 / 5
  • Assessor Parcel Number 139-35-160

Community Details

Overview

  • 3 Units
  • Building Dimensions are Unk
  • El May Villa Amd Subdivision

Building Details

  • Operating Expense $941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$941

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Broadway and Mesa Dr.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2018
  • Directions: South on Mesa Dr. to property
  • Road Surface Type: Asphalt
  • Subdivision Name: EL MAY VILLA AMD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Unk
  • Additional Parcels: No
  • Parcel #: 139-35-160

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Operating Expense: 941.0

Tax Info

  • Tax Annual Amount: 941.0
  • Tax Block: 5
  • Tax Book Number: 139.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Sep 4, 2019
Sold by
Rickdee Investments Llc
Bought by
Yelverton Marshall and Yelverton Tempest
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Timothy Theiss
eXp Realty
List Price
$418,500
Sold Price
$418,500
Current Estimated Value
$619,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,719
Avg. Annual Appreciation
6.72%
Original Mortgage
$313,875
Outstanding Balance
$276,129
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$343,090

Purchase Details

Closed on
Sep 11, 2018
Sold by
Active Funding Group Llc
Bought by
Rickdee Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2018
Sold by
Homerun Transactions Llc
Bought by
Loera Management Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2014
Sold by
Alligator Monster Llc
Bought by
Hb Mesa Drive Llc
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
Yelverton Marshall $418,500 Valleywide Title Agency
Rickdee Investments Llc $255,000 Empire West Title Agency Llc
Loera Management Enterprises Llc $275,000 Security Title Agency Inc
Hb Mesa Drive Llc $110,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yelverton Marshall $313,875
Previous Owner Rickdee Investments Llc $204,000
Previous Owner Loera Management Enterprises Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2019 09/23/19 Sold $418,500 0.0% $187 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/20/2019 09/20/19 For Sale $418,500 0.0% $187 / Sq Ft
08/12/2019 08/12/19 Pending -- -- --
08/07/2019 08/07/19 For Sale $418,500 -- $187 / Sq Ft
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 $1,060 $10,798 -- --
2024 $1,069 $10,283 -- --
2023 $1,069 $39,170 $7,830 $31,340
2022 $1,046 $27,410 $5,480 $21,930
2021 $1,059 $23,050 $4,610 $18,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5961799

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-35-160A