NOT LISTED FOR SALE

Estimated Value: $661,348 - $843,000

-- Bed
-- Bath
3,498 Sq Ft
$219/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $400,000 $114 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,280/month

6 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of December 2018

Fully Occupied 4-plex property. Great investment opportunity to purchase well-maintained property. Each unit is an 875 sqft, 2 bedroom / 1.75 bath unit.

• Each unit has washer dryer hookups.
• All units have a fridge & stove/oven. Some units have a washer/dryer or dishwasher
• Parking includes one assigned covered space and one assigned uncovered space per unit.
• Individual water heaters (1 water meter)
• New roof in 2018

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 11/08/2018

Keller Williams Realty Phoenix

Last Buyer's Agent

Kirk Linehan

RETSY License #SA668759000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,493

Year Built

  • Built in 1999

Lot Details

  • 8,451

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, landscaping
  • Assessor Parcel Number 135-29-110

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8451
  • Mesa Westwood Heights Subdivision

Building Details

  • Operating Expense $11,380
  • Gross Income $30,264
  • Net Operating Income $22,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,493

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Cross Street: Alma School Rd / Rio Salado Pkwy
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 1
  • Year Built: 1999
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1400.0
  • Subdivision Name: Mesa Westwood Heights
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1691.0
  • Annual Water Sewer Expense: 1691.0

Lot Info

  • Lot Size: 8451
  • Additional Parcels: No
  • Parcel #: 135-29-110

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30264.0
  • Insurance Expense: 2633.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 22400.0
  • Annual Operating Expense: 11380.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1493.0
  • Tax Book Number: 135.00
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2018
Closed on
Nov 19, 2018
Sold by
Oak Stone Properties Llc
Bought by
Cox Elizabeth
Seller's Agent
Roger Phillips
Keller Williams Realty Phoenix
Buyer's Agent
Kirk Linehan
RETSY
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$764,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,837
Avg. Annual Appreciation
11.10%
Original Mortgage
$301,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2017
Closed on
May 11, 2017
Sold by
Fillpovic Katica
Bought by
Wedle Josh
Seller's Agent
Fred Weaver Iv
eXp Realty
Buyer's Agent
Justin Marino
Just Referrals Real Estate
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.96%
Original Mortgage
$190,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2015
Sold by
Westwood Rentals Llc and Potocnjak Mirjana
Bought by
Filipovic Katica

Purchase Details

Closed on
Apr 18, 2008
Sold by
Potocnjak Mirjana M
Bought by
Westwood Rentals Llc

Purchase Details

Closed on
Dec 10, 2007
Sold by
Potocnjak Mirjana N and Potocnjak Mark
Bought by
Potocnjak Mirjana N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,200
Interest Rate
6.26%
Mortgage Type
New Conventional
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
Cox Elizabeth $400,000 Pioneer Title Agency Inc
Wedle Josh $290,000 Fidelity National Title Agen
Filipovic Katica -- None Available
Westwood Rentals Llc -- None Available
Potocnjak Mirjana N -- Service Link
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cox Elizabeth $350,000
Closed Cox Elizabeth $301,000
Previous Owner Wedle Josh $190,000
Previous Owner Potocnjak Mirjana N $257,200
Previous Owner Potocnjak Mirjana M $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $400,000 0.0% $114 / Sq Ft
11/06/2018 11/06/18 For Sale $400,000 +37.9% $114 / Sq Ft
05/10/2017 05/10/17 Sold $290,000 -6.5% $83 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $310,000 0.0% $89 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
01/12/2017 01/12/17 For Sale $310,000 -- $89 / 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 $1,740 $17,723 -- --
2024 $1,754 $16,879 -- --
2023 $1,754 $58,080 $11,610 $46,470
2022 $1,718 $38,330 $7,660 $30,670
2021 $1,738 $31,810 $6,360 $25,450
2020 $1,716 $28,960 $5,790 $23,170
2019 $1,603 $25,150 $5,030 $20,120
2018 $1,539 $20,580 $4,110 $16,470
2017 $1,493 $19,220 $3,840 $15,380
2016 $1,465 $18,550 $3,710 $14,840
2015 $1,377 $16,250 $3,250 $13,000
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5844020

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-29-110