NOT LISTED FOR SALE

6749 E Alder Ave Mesa, AZ 85206

Central Mesa East Neighborhood

Estimated Value: $258,000 - $485,000

-- Bed
-- Bath
1,297 Sq Ft
$266/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $460,000 $355 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $1,981/month

22 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2020

Bargain Priced 6 Units with Lots of Recent Upgrades, some Electrical Panels, Air Conditioners, Windows Cabinets, Flooring and water & sewer Lines and Stucco. Power Road Corridor! This Very Unique Income Property Offers More than Just Income. This Almost Half an Acre (19,200 square Feet) Would be a Small Contractor's Delight. Not Only does it Offer a Great Cash Flow but a Place to Park Vehicles or Equipment and More. Super Location Just off Power Road Just South of Main Near Shopping, Hospitals, Freeways and More. All Facts and Figures are Approximate Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 02/18/2020

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Timothy Ehlen

RE/MAX Signature License #SA654242000

RE/MAX Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $941

Year Built

  • Built in 1949

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Free Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 11 / 7
  • Assessor Parcel Number 141-58-085

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 2 Lots
  • Desert Wells Amd Subdivision

Building Details

  • Operating Expense $15,394
  • Gross Income $50,052
  • Net Operating Income $34,658

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$941

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: Power & Main
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 3
  • Year Built: 1949
  • Tax Year: 2019
  • Directions: South on Power to Alder and Turn West.
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 3003.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: DESERT WELLS AMD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition, Tile, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks), SRP, Master Meter, Individual Meter
  • Cooling: Individual, Evaporative Cooling, Other, Wall/Window Unit(s), See Remarks
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1200.0
  • Trash Expense: 800.0
  • Annual Water Sewer Expense: 3400.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 2 Lots
  • Additional Parcels: Yes
  • Parcel #: 141-58-085

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Gas, Electricity, Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 1800.0
  • Annual Gross Income: 50052.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 1950.0
  • Property Net Operating Income: 34657.88
  • Annual Operating Expense: 15394.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 941.0
  • Tax Block: 7
  • Tax Book Number: 141.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Apr 9, 2020
Sold by
Mcguire Corrie and Mcguire Andrew John
Bought by
Mcguire Andrew John
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Timothy Ehlen
RE/MAX Signature
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Total Days on Market
22
Current Estimated Value
$345,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$114,603
Avg. Annual Appreciation
-5.40%
Original Mortgage
$172,500
Outstanding Balance
$154,190
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$191,207

Purchase Details

Listed on
May 18, 2018
Closed on
Jul 10, 2018
Sold by
Power Plex Llc
Bought by
Leon Jonathan M
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
List Price
$264,900
Sold Price
$255,000
Premium/Discount to List
-$9,900
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.09%
Original Mortgage
$75,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 29, 2018
Sold by
Contreras Araceli and Leon Jonathan
Bought by
Leon Jonathan
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
List Price
$264,900
Sold Price
$255,000
Premium/Discount to List
-$9,900
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2008
Sold by
Beginning Abundant Life Ministries
Bought by
Power Plex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2003
Sold by
Radowski Bernard
Bought by
Beginning Abundant Life Ministries

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.93%
Mortgage Type
Seller Take Back
Source: Public Records

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
Mcguire Andrew John -- Security Title Agency
Mcguire Andrew John $230,000 Security Title Agency
Leon Jonathan M $255,000 Premier Title Agency
Leon Jonathan -- Premier Titel Agency
Power Plex Llc $102,000 Fidelity Natl Title Ins Co
Beginning Abundant Life Ministries $243,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguire Andrew John $172,500
Previous Owner Leon Jonathan M $75,000
Previous Owner Power Plex Llc $76,500
Previous Owner Beginning Abundant Life Ministries $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $460,000 +2.2% $355 / Sq Ft
04/01/2020 04/01/20 Price Changed $450,000 0.0% $347 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/21/2020 02/21/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $450,000 +76.5% $347 / Sq Ft
07/12/2018 07/12/18 Sold $255,000 -3.7% $197 / Sq Ft
06/20/2018 06/20/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $264,900 0.0% $204 / Sq Ft
06/06/2018 06/06/18 Price Changed $264,900 0.0% $204 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $264,900 -- $204 / 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 $506 $5,155 -- --
2024 $510 $4,910 -- --
2023 $510 $17,200 $3,430 $13,770
2022 $500 $12,750 $2,540 $10,210
2021 $506 $11,340 $2,260 $9,080
2020 $499 $10,390 $2,070 $8,320
2019 $466 $8,560 $1,710 $6,850
2018 $448 $7,370 $1,470 $5,900
2017 $434 $7,080 $1,410 $5,670
2016 $426 $6,120 $1,220 $4,900
2015 $401 $5,190 $1,030 $4,160
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2020

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    4 in this area

    67 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2020

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    5 in this area

    42 Total Sales

    Steven Cvetanovich
    Section Image
  • Timothy Ehlen

    Buyer's Agent in 2020

    Timothy Ehlen

    RE/MAX

    (602) 320-7056

    5 in this area

    173 Total Sales

    Timothy Ehlen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6038431

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-58-085

Arizona Maricopa County Mesa 85206 Central Mesa East

6749 E Alder Ave, Mesa, AZ

This home is located at 6749 E Alder Ave, Mesa, AZ 85206 since 18 February 2020 and is currently estimated at $345,397, approximately $266 per square foot. This property was built in 1949. 6749 E Alder Ave is a home located in Maricopa County with nearby schools including Madison 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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