NOT LISTED FOR SALE

Estimated Value: $684,361 - $875,000

-- Bed
-- Bath
3,365 Sq Ft
$223/Sq Ft Est. Value

Last Sold May 05, 2021

Last sale price $600,000 $178 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,105/month

12 Days on Market

Highlights

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

About This Home

As of May 2021

Fully occupied, Mesa 4-plex with nice mix of 1 and 2 bedroom units. Building is single-story, block construction and each unit comes with one covered parking space, washer and dryer hook-ups and a private covered patio area. Desert landscaping allows for easy maintenance. Building is near Mesa Public Library, schools and just two miles south of Superstition Springs Mall. Loop 202 and US 60 are just 2.5 miles away giving tenants easy access to all parts of the East Valley.

Last Agent to Sell the Property

Dale Sabin

Denman Realty Group, L.L.C License #BR650569000 Listed on: 04/09/2021

Last Buyer's Agent

Lauri Runge

Realty ONE Group License #SA688958000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,472

Year Built

  • Built in 1983

Lot Details

  • 0.3

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking
  • On-Street Parking

Schools

  • Fremont Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 733
  • Assessor Parcel Number 141-62-013-K

Community Details

Overview

  • 4 Units
  • Building Dimensions are 97 X 90.86

Building Details

  • Operating Expense $18,788
  • Gross Income $38,156

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,472

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Power Rd. & University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: North on Power to Dallas, west to to property on right (property is on the NW corner).
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3309.51
  • Tax Parcel Letter: K
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, <1 Space Per Unit, On Street
  • 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 Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Trash Expense: 1618.6
  • Annual Water Sewer Expense: 1611.17

Schools

  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Fremont Junior High School

Lot Info

  • Lot Size: 97 X 90.86
  • Additional Parcels: No
  • Parcel #: 141-62-013-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 38156.3
  • Insurance Expense: 5252.91
  • Maintenance Expense: 275.0
  • Annual Operating Expense: 18787.59
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1472.0
  • Tax Book Number: 141.00
  • Tax Lot: 733

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2022
Sold by
Coopey Louis H and Coopey Judith
Bought by
Louis H Coopey And Judith R Coopey Family Tru
Current Estimated Value
$750,590

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 3, 2021
Sold by
R & R Hiatt Holdings Llc
Bought by
Coopey Louis H and Coopey Judith
Seller's Agent
Dale Sabin
Denman Realty Group, L.L.C
Buyer's Agent
Lauri Runge
Realty ONE Group
List Price
$640,000
Sold Price
$600,000
Premium/Discount to List
-$40,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%

Purchase Details

Closed on
Jun 28, 2002
Sold by
Hiatt Rudger P
Bought by
R & R Hiatt Holdings Llc

Purchase Details

Closed on
Dec 12, 1994
Sold by
Hiatt Rudger P and Hiatt Ruth
Bought by
Hiatt Rudger P and Hiatt Ruth B
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
Louis H Coopey And Judith R Coopey Family Tru -- Nathan A Skinner Plc
Coopey Louis H $600,000 Empire West Title Agency Llc
R & R Hiatt Holdings Llc $190,000 --
Hiatt Rudger P -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2021 05/05/21 Sold $600,000 -6.3% $178 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $640,000 -- $190 / 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 $1,504 $16,702 -- --
2024 $1,524 $15,906 -- --
2023 $1,524 $51,150 $10,230 $40,920
2022 $1,488 $37,930 $7,580 $30,350
2021 $1,485 $33,120 $6,620 $26,500
2020 $1,472 $30,550 $6,110 $24,440
2019 $1,365 $24,250 $4,850 $19,400
2018 $1,331 $23,350 $4,670 $18,680
2017 $1,285 $21,880 $4,370 $17,510
2016 $1,258 $19,720 $3,940 $15,780
2015 $1,175 $17,150 $3,430 $13,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6219696

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-62-013K