NOT LISTED FOR SALE

Estimated Value: $726,000 - $791,000

8 Beds
-- Bath
2,604 Sq Ft
$290/Sq Ft Est. Value

Sale Details

Date Sold: February 22, 2022

Last sale price $753,500 $289 Per Sq Ft

Current estimated payment $4,212 / mo

48 Days on Market

Highlights

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

About This Home

As of February 2022

It is located in a high demand area of central Mesa. With three of the units updated, there is current income with easy value-add upside for the new owner: renovate the fourth unit and spruce up the existing back yards. Rents are well below market so there is upside through both physical upgrades and bringing rents to market rate. Each unit has a private back yard, individual storage, covered parking space, and a washer dryer hookup. Residents enjoy a central location in a quiet neighborhood. Within walking distance are Kleinman Park, Fiesta Sports Complex, and a number of elementary schools. 716 W. 5th Ave is a... 716 W. 5th Ave is a block constructed building built in 1960, on a 0.27 acre lot with 2,604 sq feet of living space. All units are 2-bed/1-bath with individual meters. Interior viewing after accepted contract.

Last Agent to Sell the Property

Mark Skelpsa

Blue Saguaro Commercial Realty, LLC License #SA642313000 Listed on: 11/17/2021

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1960

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 134-10-007

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unk
  • Southwest Mesa Center Subdivision

Building Details

  • Operating Expense $1,237

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,237

Year Built

Built in 1960

Lot Details

0.27 Acres

Listing Details

  • Cross Street: Broadway and Extension
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: SOUTHWEST MESA CENTER
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Separate Storage: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Unk
  • Additional Parcels: No
  • Parcel #: 134-10-007

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 1237.0

Tax Info

  • Tax Annual Amount: 1237.0
  • Tax Book Number: 134.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Feb 8, 2022
Sold by
Bought by
Seller's Agent
Mark Skelpsa
Blue Saguaro Commercial Realty, LLC
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$799,900
Sold Price
$753,500
Premium/Discount to List
-$46,400
-5.8%
Current Estimated Value
$753,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420
Avg. Annual Appreciation
0.01%
Original Mortgage
$565,125
Interest Rate
0.0355%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 2018
Sold by
Bought by

Purchase Details

Closed on
May 18, 2012
Sold by
Bought by

Purchase Details

Listed on
Dec 17, 2011
Closed on
Mar 13, 2012
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$99,000
Sold Price
$59,000
Premium/Discount to List
-$40,000
-40.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.43%

Purchase Details

Listed on
Dec 17, 2011
Closed on
Mar 7, 2012
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$99,000
Sold Price
$59,000
Premium/Discount to List
-$40,000
-40.4%

Purchase Details

Closed on
Oct 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$753,500 Pioneer Title
-- None Available
$149,000 Chicago Title Agency Inc
-- Chicago Title Agency Inc
-- Chicago Title Agency Inc
$59,000 Chicago Title Agency Inc
-- None Available
-- Grand Canyon Title Agency
-- Grand Canyon Title Agency In
$325,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $565,125
Previous Owner $260,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2022 02/22/22 Sold $753,500 -5.8% $289 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
11/17/2021 11/17/21 For Sale $799,900 +1255.8% $307 / Sq Ft
03/15/2012 03/15/12 Sold $59,000 -40.4% -- View Prior Sale
01/11/2012 01/11/12 Pending -- -- --
12/17/2011 12/17/11 For Sale $99,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,244 $12,610
2024 $1,248 $12,009
2023 $1,248 $43,220 $8,640 $34,580
2022 $1,222 $31,550 $6,310 $25,240
2021 $1,237 $27,730 $5,540 $22,190
2020 $1,221 $25,180 $5,030 $20,150
2019 $1,141 $21,020 $4,200 $16,820
2018 $1,095 $18,700 $3,740 $14,960
2017 $1,062 $15,570 $3,110 $12,460
2016 $1,042 $13,780 $2,750 $11,030
2015 $980 $12,950 $2,590 $10,360
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6322187

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-10-007

Your Personal Tour Guide

Ask me questions while you tour the home.