$162,000
SOLD MAR 14, 2012
8 Beds
4 Baths
800 Sq Ft
9,627 Sq Ft Lot

Recently Sold

$202 Per Sq Ft

5% Below List Price

486 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • 3-minute walk to Aripine Park
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of March 2019

If you know multifamily, you will quickly understand that this is the perfect four plex. Maintenance free fully remodeled inside and out, 100% occupied and stabilized. Our tenants love calling this place home. All four units get $550 / month for a total gross income of $26,400 / year!!! VAULTED CEILINGS! New appliances, two tone paint, new cabinet counter tops, new bathrooms, new ceiling fans, lights and plumbing fixtures this complex is perfect! Kitty corner from church, right next to school and borders single family neighborhood. This asset will create stable income for years to come, you can't go wrong with this building. Management in place or contract can canceled upon new ownership.

Last Agent to Sell the Property

Dustin Defrates

Sterling Fine Properties License #SA627688000 Listed on: 11/02/2010

Last Buyer's Agent

Maria Cohen

MC Dream Builders Realty, LLC License #BR580773000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,492

Year Built

  • Built in 1962

Home Design

  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Ceramic Tile

Schools

  • Holmes Elementary School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • $1,236 per year Dock Fee
  • 4 Units
  • Building Dimensions are 9630 sq.ft.

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,492

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Appliances Included: F/S Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: 8th Ave and Horne
  • Floors: Ceramic Tile
  • Legal Info Lot Number: 1
  • Legal Info Range: 5E
  • Legal Info Section: 26
  • Legal Info Township: 1N
  • Roads Streets: Alley, Asphalt, Dirt, Gravel, Sidewalk(s)
  • Property Type: F
  • Hndrd Blk Directionl: S
  • Hundred Block: 800
  • Legal Description Abbrev: EAST MILLETTS GREEN ACRES
  • Marketing Name: Remodeled and Stabilized!
  • Ownership: Fee Simple
  • Map Code Grid: R39
  • Year Built: 1962
  • Tax Year: 2010
  • Directions: From Mesa Drive head East on 8th Ave to Horne. Building on South West Corner.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Mini Blinds, Unfurnished, Vertical Blinds

Exterior Features

  • Exterior Amenities: Desert Landscaping, Fenced, Patio/Balcony
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: 1 Space/Unit, Carport
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise, Master Meter
  • Electric: City Electric
  • Cooling: Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Elementary School: Holmes Elementary School
  • High School: Mesa High School

Lot Info

  • Lot Size: 9630 sq.ft.

Multi Family

  • Income And Expenses Adjusted Gross Inc: 26400.00
  • Income And Expenses Gross Annual Sch Inc: 26400.00
  • Income And Expenses Operating Exp: 1235.90
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 550.00
  • Two Bedroom Units Avg Sq Ft: 800
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1235.90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2019
Closed on
Mar 27, 2019
Sold by
Roebke Jeffrey
Bought by
Striker 76 Llc
Seller's Agent
Maria Cohen
MC Dream Builders Realty, LLC
Buyer's Agent
Maria Cohen
MC Dream Builders Realty, LLC
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Current Estimated Value
$622,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,432
Avg. Annual Appreciation
11.06%
Original Mortgage
$242,120
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 27, 2019
Closed on
Mar 3, 2019
Sold by
Roebke Jennifer
Bought by
Roebke Jeffrey
Seller's Agent
Maria Cohen
MC Dream Builders Realty, LLC
Buyer's Agent
Maria Cohen
MC Dream Builders Realty, LLC
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,120
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2014
Sold by
Chicoine Dennis J
Bought by
Dc & Mc Properties Llc

Purchase Details

Listed on
Nov 2, 2010
Closed on
Mar 14, 2012
Sold by
Fuerza Capital Llc
Bought by
Chicoine Dennis J
Seller's Agent
Dustin Defrates
Sterling Fine Properties
Buyer's Agent
Maria Cohen
MC Dream Builders Realty, LLC
List Price
$169,900
Sold Price
$162,000
Premium/Discount to List
-$7,900
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%

Purchase Details

Closed on
Dec 1, 2010
Sold by
Tierra Capital Investments Llc
Bought by
Fuerza Capital Llc

Purchase Details

Closed on
Aug 10, 2010
Sold by
Wells Fargo Bank Na
Bought by
Tierra Capital Investments Llc

Purchase Details

Closed on
May 28, 2010
Sold by
Brokalakis Nektarios
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 24, 2003
Sold by
Woolf David K and Woolf Barbara E
Bought by
Brokalakis Nektarios

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 1999
Sold by
Parcell Raymond E
Bought by
Woolf David K and Woolf Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.95%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $325,000 None Available
Interfamily Deed Transfer -- Magnus Title Agency Llc
Warranty Deed $325,000 Magnus Title Agency Llc
Warranty Deed -- None Available
Cash Sale Deed $162,000 Fidelity National Title Agen
Warranty Deed -- None Available
Cash Sale Deed $80,000 Pioneer Title Agency Inc
Trustee Deed $80,800 Accommodation
Warranty Deed $200,000 Old Republic Title Agency
Warranty Deed $140,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $242,120 New Conventional
Previous Owner $198,000 Stand Alone First
Previous Owner $10,001 Credit Line Revolving
Previous Owner $160,000 New Conventional
Previous Owner $126,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2019 03/06/19 Sold $325,000 -3.0% $102 / Sq Ft
03/01/2019 03/01/19 Price Changed $335,000 0.0% $105 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $335,000 +106.8% $105 / Sq Ft
03/14/2012 03/14/12 Sold $162,000 -4.6% $203 / Sq Ft
03/02/2012 03/02/12 Pending -- -- --
11/02/2010 11/02/10 For Sale $169,900 -- $212 / 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 $1,492 $15,202 -- --
2024 $1,504 $14,478 -- --
2023 $1,504 $51,920 $10,380 $41,540
2022 $1,473 $35,310 $7,060 $28,250
2021 $1,491 $28,010 $5,600 $22,410
2020 $1,472 $24,850 $4,970 $19,880
2019 $1,375 $20,150 $4,030 $16,120
2018 $1,320 $18,310 $3,660 $14,650
2017 $1,280 $16,300 $3,260 $13,040
2016 $1,257 $15,070 $3,010 $12,060
2015 $1,181 $13,710 $2,740 $10,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4486722

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-27-027