NOT LISTED FOR SALE

Estimated Value: $577,068 - $793,000

8 Beds
-- Bath
3,264 Sq Ft
$196/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $675,000 $207 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,526/month

16 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of May 2022

Opportunity knocks with this Mesa 4-plex. Two units are 2 bedroom 1.5 bathroom and 2 units are 2 bedroom 1 bathroom. 2/1.5 units have half bathroom, living/kitchen/dining on the main floor with full bathroom and 2 bedrooms in the basement.

Owner pays water/sewer/trash and common area maintenance. This is the most affordable 4-plex property listed in Mesa. Please do not disturb tenants.

***Seller has requested highest and best offers by 1 PM on Friday April 22nd.**

Last Agent to Sell the Property

ADAM BOTTICELLO

AZ Rental Homes License #BR633424000 Listed on: 04/20/2022

Last Buyer's Agent

Michael Bennett

ATLAS AZ, LLC License #SA692576000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,510

Year Built

  • Built in 1984

Lot Details

  • 9,278

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Redbird Elementary School
  • Powell Junior High School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 134-02-094

Community Details

Overview

  • 4 Units
  • Building Dimensions are 66x140
  • Mesa Central Gardens Subdivision

Building Details

  • Operating Expense $3,370
  • Gross Income $33,876
  • Net Operating Income $30,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,510

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Extension/Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: MESA CENTRAL GARDENS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood, Concrete
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Assigned, >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:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Redbird Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Powell Junior High School

Lot Info

  • Lot Size: 66x140
  • Additional Parcels: No
  • Parcel #: 134-02-094

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33876.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 30256.0
  • Annual Operating Expense: 3370.0

Tax Info

  • Tax Annual Amount: 1510.0
  • Tax Book Number: 134.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
May 26, 2022
Sold by
Zurbrugg Eric T
Bought by
Kirby Peter
Seller's Agent
ADAM BOTTICELLO
AZ Rental Homes
Buyer's Agent
Michael Bennett
ATLAS AZ, LLC
List Price
$599,900
Sold Price
$675,000
Premium/Discount to List
$75,100
12.52%
Current Estimated Value
$640,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,483
Avg. Annual Appreciation
-1.43%
Original Mortgage
$468,750
Interest Rate
4.31%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 15, 2007
Sold by
Zurbrugg Walter
Bought by
Zurbrugg Eric T and Zurbrugg Walter

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
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
First Avenue 755 Llc and Geahlen Donald L
Bought by
Zurbrugg Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,400
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 2003
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
First Avenue 755 Llc

Purchase Details

Closed on
Nov 7, 2001
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
Geahlen Donald L and Geahlen Constance D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.01%

Purchase Details

Closed on
Oct 10, 1996
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
Geahlen Donald L and Geahlen Constance D
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
Kirby Peter $625,000 New Title Company Name
Zurbrugg Eric T -- Fidelity National Title Co
Zurbrugg Walter $323,000 --
First Avenue 755 Llc -- --
Geahlen Donald L -- Chicago Title Insurance Co
Geahlen Donald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kirby Peter $468,750
Previous Owner Zurbrugg Eric T $260,000
Previous Owner Zurbrugg Walter $268,400
Previous Owner Geahlen Donald L $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $675,000 +12.5% $207 / Sq Ft
04/18/2022 04/18/22 For Sale $599,900 -- $184 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,518 $15,390 -- --
2024 $1,523 $14,657 -- --
2023 $1,523 $50,430 $10,080 $40,350
2022 $1,491 $32,870 $6,570 $26,300
2021 $1,510 $26,450 $5,290 $21,160
2020 $1,490 $23,700 $4,740 $18,960
2019 $1,392 $20,010 $4,000 $16,010
2018 $1,336 $19,170 $3,830 $15,340
2017 $1,296 $17,900 $3,580 $14,320
2016 $1,272 $17,170 $3,430 $13,740
2015 $1,196 $14,800 $2,960 $11,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6385947

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-02-094