NOT LISTED FOR SALE

Estimated Value: $377,000 - $415,000

-- Bed
1 Bath
920 Sq Ft
$436/Sq Ft Est. Value

Last Sold February 07, 2019

Last sale price $240,000 $261 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,320/month

159 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2019

How about 3 pieces of property for the price of 1? This is a great investment opportunity. Close walking distance of new Light Rail location. All three units are separate buildings, and easy to rent. Main unit has 2 bedrooms, Laundry room, ceilings fans, great room floor plan, and new kitchen with stainless appliances! Unit 2 has great room floor plan, 1 bedroom, 1 bathroom, laundry room, and 2 new mini split A/Cs. Unit 3 also has 1 bedroom, 1 bath, great room floor plan, and a new mini split A/C. All units are rented with tenants who want to stay.Please do not disturb tenants. Drive by only. Buyer to verify zoning and square footage.

Last Agent to Sell the Property

Danny Perkinson

Perk Prop Real Estate License #BR626253000 Listed on: 08/20/2018

Last Buyer's Agent

Jared Hernandez

Real Broker License #SA653979000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $626

Year Built

  • Built in 1948

Lot Details

  • 8,756

Parking

  • Assigned Parking

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, water, sewer
  • Legal Lot and Block 10 / 3
  • Assessor Parcel Number 135-58-048

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 8760 sq ft
  • Hosick Place Subdivision

Building Details

  • Operating Expense $3,926
  • Net Operating Income $21,274

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$626

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: University and Extension
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RS-6
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2017
  • Directions: South on University, West on 2nd Pl, South on Cherry, East on W 2nd St
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: HOSICK PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 8760 sq ft
  • Additional Parcels: No
  • Parcel #: 135-58-048

Multi Family

  • Owner Pays: Electricity, Water, Sewer
  • Tenant Pays: None, Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 900.0
  • Property Net Operating Income: 21274.0
  • Annual Operating Expense: 3926.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 626.0
  • Tax Block: 3
  • Tax Book Number: 135.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Leavitt Family Trust
Bought by
Brown Bennett and Brown Heidi
Current Estimated Value
$410,805

Purchase Details

Listed on
Aug 20, 2018
Closed on
Feb 4, 2019
Sold by
Bates John
Bought by
Leavitt Wayne D and The Leavitt Family Trust
Seller's Agent
Danny Perkinson
Perk Prop Real Estate
Buyer's Agent
Jared Hernandez
Real Broker
List Price
$275,000
Sold Price
$240,000
Premium/Discount to List
-$35,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Jan 5, 2017
Sold by
Bates Allison R and Bates John
Bought by
Bates John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 8, 2016
Sold by
Par 5 Llc
Bought by
Colonial Property 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
$101,500
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 17, 2014
Closed on
Oct 9, 2014
Sold by
Shihady James and Shihady Gabriela V
Bought by
Par 5 Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Max Dewitt
Realty ONE Group
List Price
$174,900
Sold Price
$174,000
Premium/Discount to List
-$900
-0.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%

Purchase Details

Listed on
Jun 19, 2013
Closed on
Jul 29, 2013
Sold by
Federal Home Loan Mortgage Corpoation
Bought by
Shihady James and Shihady Gabriela
Seller's Agent
Kala Laos
JK Realty
Buyer's Agent
Carlos Hidalgo
Aurora Properties
List Price
$119,500
Sold Price
$117,500
Premium/Discount to List
-$2,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.71%

Purchase Details

Closed on
May 3, 2013
Sold by
Wozniak Paul J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 3, 2008
Sold by
Wozniak Paul J
Bought by
Kainzow Assets Corp

Purchase Details

Closed on
May 9, 2003
Sold by
Naugle Lance A
Bought by
Wozniak Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,230
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 1996
Sold by
Guardianship Services Inc and Robertson Ray C
Bought by
Naugle Lance A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,476
Interest Rate
8.07%
Mortgage Type
FHA
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
Brown Bennett $448,000 Pioneer Title
Leavitt Wayne D $240,000 First Arizona Title Agency
Bates John -- Security Title Agency Inc
Bates John -- Security Title Agency Inc
Colonial Property Investment Llc -- Security Title Agency Inc
Colonial Property Investments Llc -- None Available
Par 5 Llc $174,000 Fidelity Natl Title Agency
Shihady James $117,500 Great American Title Agency
Federal National Mortgage Association $120,964 Great American Title Agency
Kainzow Assets Corp -- None Available
Wozniak Paul J $123,400 Fidelity National Title
Naugle Lance A $78,900 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bates John $101,500
Previous Owner Shihady James $35,000
Previous Owner Wozniak Paul J $10,000
Previous Owner Wozniak Paul J $135,500
Previous Owner Wozniak Paul J $117,230
Previous Owner Naugle Lance A $78,476
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2019 02/07/19 Sold $240,000 -9.1% $261 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
12/03/2018 12/03/18 Price Changed $264,000 -1.9% $287 / Sq Ft
11/19/2018 11/19/18 Price Changed $269,000 -2.2% $292 / Sq Ft
10/17/2018 10/17/18 For Sale $275,000 0.0% $299 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/21/2018 09/21/18 Price Changed $275,000 -1.8% $299 / Sq Ft
08/20/2018 08/20/18 For Sale $280,000 +60.9% $304 / Sq Ft
10/13/2014 10/13/14 Sold $174,000 -0.5% $189 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $174,900 +48.9% $190 / Sq Ft
07/31/2013 07/31/13 Sold $117,500 -1.7% $128 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $119,500 -- $130 / 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 $617 $7,432 -- --
2024 $624 $7,078 -- --
2023 $624 $25,030 $5,000 $20,030
2022 $610 $19,570 $3,910 $15,660
2021 $729 $17,380 $3,470 $13,910
2020 $720 $16,080 $3,210 $12,870
2019 $672 $14,360 $2,870 $11,490
2018 $645 $12,170 $2,430 $9,740
2017 $626 $11,130 $2,220 $8,910
2016 $614 $9,900 $1,980 $7,920
2015 $577 $8,570 $1,710 $6,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5810535

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-58-048