NOT LISTED FOR SALE

Estimated Value: $581,645 - $679,000

8 Beds
-- Bath
3,264 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2022

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

Est. 3% decrease in value since last sale

Current estimated payment $3,609 / mo

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
  • Separate Meters

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

9,278 Sq Ft Lot

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
$652,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,589
Avg. Annual Appreciation
-0.86%
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

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
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

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
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

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