NOT LISTED FOR SALE

702 W Pepper Place Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $371,000 - $435,000

2 Beds
1 Bath
1,021 Sq Ft
$388/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $365,000 $357 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,209/month

32 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2021

Great investment opportunity!! 2 separate homes on same lot, separate meters. Front home is 3bed/1bath 1021 sqft, newer kitchen cabinets, flooring, well maintained. NEW AC UNIT!! Front home has fenced backyard. Back home is 1bed/1bath 500 sqft, good condition. Nice sized lot, lots of parking space, NO HOA. Highly desirable area located in Mesa historic district near schools, shopping, new ASU campus, downtown Mesa and light rail. Townhomes/Condos are being built on this street. Check out the information provided under the documents tab. Investors can expect to walk into a cap rate over 6%. Remodeled homes in this area are selling for $335/sqft or up to $1700/month for rent. Mesa is investing millions to re-invent Mesa.

Last Agent to Sell the Property

Sarah Mazzone

Synchronicity Realty License #SA674131000 Listed on: 06/22/2021

Last Buyer's Agent

Michele Wolff

Russ Lyon Sotheby's International Realty License #SA114448000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $615

Year Built

  • Built in 1955

Lot Details

  • 7,841

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 21 E 50
  • Assessor Parcel Number 135-57-118

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 7841 square feet

Building Details

  • Operating Expense $2,415
  • Gross Income $30,200
  • Net Operating Income $27,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$615

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Main st and Extension Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: [RM-3] Resident
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2020
  • Directions: From Main st, head North on Extension and take a right onto Pepper Pl, head East and the home is 10 homes down on the left hand side.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: Built-In Range, Disposal, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air
  • 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

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 7841 square feet
  • Additional Parcels: No
  • Parcel #: 135-57-118

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 30200.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 27785.0
  • Annual Operating Expense: 2415.0

Tax Info

  • Tax Annual Amount: 615.0
  • Tax Book Number: 135.00
  • Tax Lot: 21 E 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Gill Scott and Gill Amanda
Bought by
Workwander Llc
Current Estimated Value
$392,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 23, 2024
Sold by
Gill Scott and Gill Amanda
Bought by
Workwander Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 22, 2021
Closed on
Oct 19, 2021
Sold by
Meza Luis Aaron Ortega
Bought by
Gill Scott and Gill Amanda
Seller's Agent
Sarah Mazzone
Synchronicity Realty
Buyer's Agent
Michele Wolff
Russ Lyon Sotheby's International Realty
List Price
$385,000
Sold Price
$365,000
Premium/Discount to List
-$20,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.15%
Original Mortgage
$292,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2017
Sold by
Dansco Llc
Bought by
Meza Luis Aaron Ortega

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2017
Sold by
Barranco Cristina Saavedra and Meza Luis Aaron Ortega
Bought by
Meza Luis Aaron Ortega

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 16, 2014
Sold by
Pierce Daniel R
Bought by
Pierce Daniel R and Pierce Scott Patrick
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Workwander Llc $381,488 American Title Service Agency
Workwander Llc $381,488 American Title Service Agency
Gill Scott $365,000 Empire Title Agency
Meza Luis Aaron Ortega $160,000 Pioneer Title Agency Inc
Meza Luis Aaron Ortega -- Pioneer Title Agency Inc
Pierce Daniel R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Workwander Llc $320,000
Closed Workwander Llc $75,000
Closed Workwander Llc $90,000
Closed Workwander Llc $281,488
Closed Workwander Llc $281,488
Previous Owner Gill Scott $292,000
Previous Owner Meza Luis Aaron Ortega $192,000
Previous Owner Meza Luis Aaron Ortega $157,102
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $365,000 -5.2% $357 / Sq Ft
09/07/2021 09/07/21 For Sale $385,000 +5.5% $377 / Sq Ft
09/01/2021 09/01/21 Off Market $365,000 -- --
07/29/2021 07/29/21 For Sale $385,000 0.0% $377 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $385,000 +5.5% $377 / Sq Ft
07/13/2021 07/13/21 Off Market $365,000 -- --
07/12/2021 07/12/21 For Sale $395,000 +8.2% $387 / Sq Ft
07/09/2021 07/09/21 Off Market $365,000 -- --
07/01/2021 07/01/21 For Sale $395,000 0.0% $387 / Sq Ft
07/01/2021 07/01/21 Price Changed $395,000 +8.2% $387 / Sq Ft
06/25/2021 06/25/21 Off Market $365,000 -- --
06/24/2021 06/24/21 For Sale $425,000 +16.4% $416 / Sq Ft
06/22/2021 06/22/21 Off Market $365,000 -- --
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 $726 $7,394 -- --
2024 $732 $7,042 -- --
2023 $732 $24,880 $4,970 $19,910
2022 $607 $19,280 $3,850 $15,430
2021 $624 $17,080 $3,410 $13,670
2020 $615 $16,320 $3,260 $13,060
2019 $570 $14,320 $2,860 $11,460
2018 $544 $10,800 $2,160 $8,640
2017 $623 $8,510 $1,700 $6,810
2016 $611 $8,380 $1,670 $6,710
2015 $574 $8,550 $1,710 $6,840
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sarah Mazzone

    Synchronicity Realty

    Section Image
  • Michele Wolff

    Buyer's Agent in 2021

    Michele Wolff

    Russ Lyon Sotheby's International Realty

    (602) 329-2199

    2 in this area

    66 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6251214

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-57-118

Arizona Maricopa County Mesa 85201 West Main

702 W Pepper Place, Mesa, AZ

This home is located at 702 W Pepper Place, Mesa, AZ 85201 since 22 June 2021 and is currently estimated at $395,696, approximately $387 per square foot. This property was built in 1955. 702 W Pepper Place is a home located in Maricopa County with nearby schools including Franklin at Brimhall Elementary School, Emerson 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

Nearby Homes