NOT LISTED FOR SALE

703 W 1st Place Mesa, AZ 85201

West Main Neighborhood

Estimated Value: $332,000 - $582,000

-- Bed
3 Baths
1,800 Sq Ft
$279/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $550,000 $306 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,746/month

32 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2021

Great 4-Plex in Downtown Mesa. Close to the light rail, fully leased at market values with no HOA. Lots of remodel has been done recently to this units. Great Investment property! Buyer(s) to do their own due diligence. Unit 1- $1000, Unit 2-$950 Unit 3-$1100, Unit 4- $1200.

Last Agent to Sell the Property

Alan Billingsley

ADB Realty LLC License #BR548218000 Listed on: 08/27/2021

Last Buyer's Agent

Shelly Farley

RE/MAX Solutions License #BR516886000

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $851

Year Built

  • Built in 1931

Lot Details

  • 6,970

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Webster Elementary School
  • Carson Junior High Middle School
  • Mesa High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 135-57-102

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6970
  • Craig Debuf Add Subdivision

Building Details

  • Operating Expense $851
  • Gross Income $51,000
  • Net Operating Income $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$851

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: Main & Extension
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1931
  • Tax Year: 2020
  • Directions: From Main & Extension, N on Extension, E on 1st Place
  • Road Surface Type: Asphalt
  • Subdivision Name: Craig Debuf ADD
  • Construction Brick: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Disposal, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco, Brick
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Window/Wall Unit, 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

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

Lot Info

  • Lot Size: 6970
  • Additional Parcels: No
  • Parcel #: 135-57-102

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 51000.0
  • Property Net Operating Income: 7200.0
  • Annual Operating Expense: 851.0

Tax Info

  • Tax Annual Amount: 851.0
  • Tax Book Number: 135.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Sep 22, 2021
Sold by
Elderkin Holdings Llc
Bought by
Kent Michael D and Michael D Kent Trust
Seller's Agent
Alan Billingsley
ADB Realty LLC
Buyer's Agent
Shelly Farley
RE/MAX Solutions
List Price
$540,000
Sold Price
$550,000
Premium/Discount to List
$10,000
1.85%
Current Estimated Value
$501,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,100
Avg. Annual Appreciation
-0.41%
Original Mortgage
$412,500
Outstanding Balance
$380,219
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$161,021

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jun 27, 2019
Sold by
Center Investment Corp
Bought by
Elderkin Holdings Llc
Seller's Agent
Claudia Benitez
My Home Group Real Estate
Buyer's Agent
Mark Perkins
HomeSmart
List Price
$179,900
Sold Price
$172,000
Premium/Discount to List
-$7,900
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.40%

Purchase Details

Closed on
Aug 15, 2018
Sold by
Mercy M Properties Llc
Bought by
Villavicencio Alejandro Rangel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 19, 2017
Closed on
Sep 7, 2017
Sold by
Desert Twins Properties Llc
Bought by
Mercy M Properties Llc
Seller's Agent
Cindya Canales
My Home Group Real Estate
Buyer's Agent
Lucas Thomas
West USA Realty
List Price
$139,999
Sold Price
$125,000
Premium/Discount to List
-$14,999
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.05%
Original Mortgage
$96,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 19, 2017
Closed on
Jul 26, 2017
Sold by
Alvarado Julio and Alvarado Maria E
Bought by
Desert Twins Properties Llc
Seller's Agent
Cindya Canales
My Home Group Real Estate
Buyer's Agent
Lucas Thomas
West USA Realty
List Price
$139,999
Sold Price
$125,000
Premium/Discount to List
-$14,999
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
3.91%
Mortgage Type
Commercial
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
Kent Michael D $550,000 American Title Svc Agcy Llc
Elderkin Holdings Llc $172,000 American Title Svc Agcy Llc
Villavicencio Alejandro Rangel $150,000 Great American Title Agency
Mercy M Properties Llc $125,000 Great American Title Agency
Desert Twins Properties Llc $102,500 Empire West Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kent Michael D $412,500
Previous Owner Villavicencio Alejandro Rangel $150,000
Previous Owner Desert Twins Properties Llc $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2021 10/18/21 Sold $550,000 +1.9% $306 / Sq Ft
10/13/2021 10/13/21 For Sale $540,000 0.0% $300 / Sq Ft
10/13/2021 10/13/21 Price Changed $540,000 0.0% $300 / Sq Ft
10/06/2021 10/06/21 Price Changed $540,000 0.0% $300 / Sq Ft
09/28/2021 09/28/21 Price Changed $540,000 0.0% $300 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
08/31/2021 08/31/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $540,000 +214.0% $300 / Sq Ft
06/28/2019 06/28/19 Sold $172,000 -4.4% $96 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $179,900 +43.9% $100 / Sq Ft
09/08/2017 09/08/17 Sold $125,000 -8.8% $69 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
08/28/2017 08/28/17 Price Changed $136,999 -2.1% $76 / Sq Ft
08/23/2017 08/23/17 Price Changed $139,998 0.0% $78 / Sq Ft
08/19/2017 08/19/17 For Sale $139,999 +12.0% $78 / Sq Ft
08/19/2017 08/19/17 Off Market $125,000 -- --
08/18/2017 08/18/17 For Sale $139,999 -- $78 / 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 $862 $8,786 -- --
2024 $869 $8,368 -- --
2023 $869 $28,470 $5,690 $22,780
2022 $852 $22,380 $4,470 $17,910
2021 $862 $18,720 $3,740 $14,980
2020 $851 $16,400 $3,280 $13,120
2019 $795 $13,810 $2,760 $11,050
2018 $763 $11,120 $2,220 $8,900
2017 $740 $10,150 $2,030 $8,120
2016 $726 $9,310 $1,860 $7,450
2015 $683 $8,250 $1,650 $6,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alan Billingsley

    ADB Realty LLC

    (480) 540-9194

    1 in this area

    12 Total Sales

    Alan Billingsley
    Section Image
  • Shelly Farley

    Buyer's Agent in 2021

    Shelly Farley

    RE/MAX

    (480) 610-6500

    2 in this area

    85 Total Sales

    Shelly Farley
    Section Image
  • Claudia Benitez

    Seller's Agent in 2019

    Claudia Benitez

    My Home Group Real Estate

    (623) 205-5756

    60 Total Sales

    Claudia Benitez
    Section Image
  • Nelson Benitez

    Seller Co-Listing Agent in 2019

    Nelson Benitez

    Equity Realty Group, LLC

    (623) 205-4683

    13 Total Sales

    Nelson Benitez
    Section Image
  • Mark Perkins

    Buyer's Agent in 2019

    Mark Perkins

    HomeSmart

    (602) 518-8294

    93 Total Sales

    Mark Perkins
    Section Image
  • Cindya Canales

    Seller's Agent in 2017

    Cindya Canales

    My Home Group Real Estate

    (623) 806-4483

    26 Total Sales

    Cindya Canales
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6285040

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-57-102

Arizona Maricopa County Mesa 85201 West Main

703 W 1st Place, Mesa, AZ

This home is located at 703 W 1st Place, Mesa, AZ 85201 since 27 August 2021 and is currently estimated at $501,900, approximately $278 per square foot. This property was built in 1931. 703 W 1st 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

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