NOT LISTED FOR SALE

Estimated Value: $481,323 - $770,000

Studio
-- Bath
2,821 Sq Ft
$205/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $314,000 $111 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,121/month

102 Days on Market

Highlights

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

About This Home

As of August 2019

FULLY OCCUPIED, GREAT BUSINESS OPPORTUNITY! DO NOT DISTURB TENANTS.
Bring your buyers. Newer Granite counters, counter tops and back splash in all kitchens. Tile throughout all units. mostly newer copper piping. Each unit has access to their own laundry area and its own storage. Rent is low, so there is value to add.
BUYER TO VERIVY ALL FACTS AND FIGURES.

Last Agent to Sell the Property

Staci Fanchini

Limitless Real Estate License #SA565216000 Listed on: 04/30/2019

Limitless Real Estate

Last Buyer's Agent

Jose Munoz

DPR Realty LLC License #SA530866000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,217

Year Built

  • Built in 1959

Lot Details

  • 0.29

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 134-10-024

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Southwest Mesa Center Subdivision

Building Details

  • Operating Expense $8,777
  • Gross Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,217

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: BROADWAY/EXTENSION
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: SOUTHWEST MESA CENTER
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1320.0
  • Annual Water Sewer Expense: 2640.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 134-10-024

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 29100.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 3000.0
  • Annual Operating Expense: 8777.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1217.0
  • Tax Book Number: 134.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2019
Closed on
Sep 5, 2019
Sold by
Neblas Castellanos Carmen D
Bought by
Ramirez Javier Jimenez
Seller's Agent
Staci Fanchini
Limitless Real Estate
Buyer's Agent
Jose Munoz
DPR Realty LLC
List Price
$330,000
Sold Price
$314,000
Premium/Discount to List
-$16,000
-4.85%
Current Estimated Value
$578,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,831
Avg. Annual Appreciation
10.00%
Original Mortgage
$237,000
Outstanding Balance
$208,018
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$370,813

Purchase Details

Listed on
Apr 30, 2019
Closed on
Aug 26, 2019
Sold by
Jones Darrell and Jones Nicole
Bought by
Ramirez Javier Jimenez
Seller's Agent
Staci Fanchini
Limitless Real Estate
Buyer's Agent
Jose Munoz
DPR Realty LLC
List Price
$330,000
Sold Price
$314,000
Premium/Discount to List
-$16,000
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Outstanding Balance
$208,018
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$370,813

Purchase Details

Closed on
Nov 16, 2004
Sold by
Palacio Juan R and Palacio Maria
Bought by
Jones Darrell and Jones Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Ramirez Javier Jimenez -- Valleywide Title Agency
Ramirez Javier Jimenez $316,000 Valleywide Title Agency
Jones Darrell $255,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Javier Jimenez $237,000
Previous Owner Jones Darrell $178,500
Closed Jones Darrell $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $314,000 -1.9% $111 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
07/22/2019 07/22/19 Price Changed $320,000 -1.5% $113 / Sq Ft
07/09/2019 07/09/19 Price Changed $325,000 -1.5% $115 / Sq Ft
04/28/2019 04/28/19 For Sale $330,000 -- $117 / 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 $1,382 $14,012 -- --
2024 $1,387 $13,345 -- --
2023 $1,387 $48,470 $9,690 $38,780
2022 $1,358 $35,520 $7,100 $28,420
2021 $1,375 $30,060 $6,010 $24,050
2020 $1,357 $26,500 $5,300 $21,200
2019 $1,268 $21,980 $4,390 $17,590
2018 $1,217 $19,520 $3,900 $15,620
2017 $1,180 $16,620 $3,320 $13,300
2016 $1,158 $14,770 $2,950 $11,820
2015 $1,089 $14,110 $2,820 $11,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5918363

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-10-024