NOT LISTED FOR SALE

740 E 3rd Ave Mesa, AZ 85204

Temple Neighborhood

Estimated Value: $549,000 - $894,000

-- Bed
-- Bath
3,528 Sq Ft
$198/Sq Ft Est. Value

Last Sold December 16, 2013

Last sale price $174,000 $49 Per Sq Ft

Est. 302% increase in value since last sale

Current estimated payment $3,896/month

27 Days on Market

Highlights

  • Cooling Available
  • Individual Controls for Heating
  • 3-minute walk to Eagles Park
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2013

INVESTORS! Four-plex in Mesa. All units are 2 bed/1 bath - 885 square feet. One unit is Section 8, leases for $650.00 per month. Three units currently leased at $500.00. Individually metered for Electric. Master meter for Water. Community laundry coming soon. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Tammy Medigovich

Good Oak Real Estate License #BR625515000 Listed on: 10/26/2013

Good Oak Real Estate

Last Buyer's Agent

Valerie Tourangeau

Keller Williams Realty East Valley License #SA634184000

Keller Williams Realty East Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $742

Year Built

  • Built in 1985

Lot Details

  • 2,178

Home Design

  • Composition Roof
  • Block Exterior
  • Stone Exterior Construction

Parking

  • 2 Parking Spaces
  • 1 Covered Space

Schools

  • Lowell Elementary School - Mesa
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Assessor Parcel Number 138-29-036

Community Details

Overview

  • 4 Units
  • Building Dimensions are unknown
  • Fourplex Subdivision

Building Details

  • Operating Expense $3,842
  • Net Operating Income $22,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$742

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Broadway & Horne
  • Property Type: Multiple Dwellings
  • Zoning: MultiFamily
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: East on Broadway. North on Horne. West on 3rd Avenue to parking entrance on right. Following parking lot to the back of the community. Building is located in the NE section. Unit 111, 112, 211, 212.
  • Road Surface Type: Asphalt
  • Subdivision Name: FourPlex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 138-29-036

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 900.0
  • Property Net Operating Income: 22700.0
  • Annual Operating Expense: 3842.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 742.0
  • Tax Book Number: 138.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2017
Sold by
Lindenmuth Real Estate Partners Vii Lp
Bought by
East Valley Living Llc
Current Estimated Value
$699,000

Purchase Details

Closed on
Sep 10, 2010
Sold by
Fannie Mae
Bought by
Lindenmuth Real Estate Artners Vii

Purchase Details

Closed on
Dec 22, 2009
Sold by
Mantri Narendra
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 24, 2009
Sold by
Ko Jane
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
May 31, 2007
Sold by
Mantri Narendra
Bought by
740 E 3Rd Ave Kmme Land Trust

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
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2007
Sold by
Hernandez Antonio and Hernandez Sandra B
Bought by
Mantri Narendra

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
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2007
Sold by
Mantri Asha Narendra and Mantri Ann
Bought by
Mantri Narendra

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
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2006
Sold by
Hernandez Antonio and Hernandez Sandra B
Bought by
Ko Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 13, 2005
Sold by
Mexicano Dave and Mexicano Elaine
Bought by
Hernandez Antonio and Hernandez Sandra B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2004
Sold by
Mexicano Dave and Mexicano Elaine
Bought by
Mexicano Dave and Mexicano Elaine

Purchase Details

Closed on
Apr 13, 2004
Sold by
Norton David and Norton Natalie
Bought by
Mexicano Dave and Mexicano Elaine

Purchase Details

Closed on
Dec 23, 2002
Sold by
Olson John
Bought by
Dawn David and Dawn Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2001
Sold by
Olson Boyd E and Olson Catherine
Bought by
Olson John

Purchase Details

Closed on
Nov 7, 2001
Sold by
Olson Jacqueline
Bought by
Olson John
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
East Valley Living Llc $240,000 Grand Canyon Title Agency
Lindenmuth Real Estate Artners Vii $81,000 Stewart Title & Trust Of Pho
Federal National Mortgage Association $281,281 First American Title
Gmac Mortgage Llc $117,215 Security Title Agency
740 E 3Rd Ave Kmme Land Trust -- Stewart Title & Trust Of Pho
Mantri Narendra $325,000 Stewart Title & Trust Of Pho
Mantri Narendra -- Stewart Title & Trust Of Pho
Ko Jane $367,500 Tsa Title Agency
Hernandez Antonio $335,000 Capital Title Agency Inc
Mexicano Dave -- --
Mexicano Dave $232,000 Multiple
Dawn David $197,000 Land Title Agency Of Az Inc
Teel Eric $197,000 Land Title Agency Of Az Inc
Olson John -- Grand Canyon Title Agency In
Olson John -- Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Valley Living Llc $2,800,000
Closed East Valley Living Llc $1,510,000
Previous Owner Mantri Narendra $260,000
Previous Owner Ko Jane $294,000
Previous Owner Hernandez Antonio $268,000
Previous Owner Teel Eric $157,600
Closed Teel Eric $39,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2013 12/16/13 Sold $174,000 -3.3% $49 / Sq Ft
11/18/2013 11/18/13 Pending -- -- --
10/22/2013 10/22/13 For Sale $179,900 -- $51 / 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 $1,125 $11,459 -- --
2024 $1,134 $10,914 -- --
2023 $1,134 $27,340 $1,860 $25,480
2022 $1,111 $30,330 $6,060 $24,270
2021 $1,124 $24,770 $4,950 $19,820
2020 $1,110 $22,680 $4,530 $18,150
2019 $1,037 $19,300 $3,860 $15,440
2018 $995 $19,850 $3,970 $15,880
2017 $965 $16,960 $3,390 $13,570
2016 $947 $15,410 $3,080 $12,330
2015 $890 $11,650 $2,330 $9,320
Source: Public Records

Agents Affiliated with this Home

  • Tammy Medigovich

    Seller's Agent in 2013

    Tammy Medigovich

    Good Oak Real Estate

    (480) 223-2429

    82 Total Sales

    Tammy Medigovich
    Section Image

  • V

    Buyer's Agent in 2013

    Valerie Tourangeau

    Keller Williams Realty East Valley

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5021191

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-036K

Arizona Maricopa County Mesa 85204 Temple

740 E 3rd Ave, Mesa, AZ

This home is located at 740 E 3rd Ave, Mesa, AZ 85204 since 26 October 2013 and is currently estimated at $699,000, approximately $198 per square foot. This property was built in 1985. 740 E 3rd Ave is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall 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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