NOT LISTED FOR SALE

8 N Fraser Dr Mesa, AZ 85203

Fraser Fields Neighborhood

Estimated Value: $574,124 - $739,000

-- Bed
-- Bath
2,436 Sq Ft
$266/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $400,000 $164 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,508/month

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2020

This 4-plex offers 2 studios, one 2b/1bath and one 2bed/1.75 bath units. Each unit has a patio area and one unit has an attached yard. Covered parking and close access to the light rail and down town Mesa. On almost a quarter of an acre, this investment property is a great addition to any portfolio, and gives options for individuals and families alike for tenants. With a newer roof, paint and well maintained units, it is not to be missed!

Last Agent to Sell the Property

Alisha Anderson

Real Broker License #SA632752000 Listed on: 06/29/2020

Real Broker

Co-Listed By

Paul Anderson

Real Broker License #SA681201000

Last Buyer's Agent

Alisha Anderson

West USA Realty License #SA632752000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,046

Year Built

  • Built in 1971

Lot Details

  • 8,320

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, landscaping
  • Tax Lot 34
  • Assessor Parcel Number 138-22-024

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,297
  • Fraser Fields Lots 17 47, 66 96 Subdivision

Building Details

  • Operating Expense $4,805
  • Gross Income $2,535
  • Net Operating Income $26,663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,046

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: N Home & E Main St
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2019
  • Directions: Go North on N Home, East on E University, South on N Fraser Dr, Destination on your right
  • Road Surface Type: Dedicated Street
  • Co List Office Mls Id: wusa04
  • Co List Office Phone: 480-820-3333
  • Subdivision Name: FRASER FIELDS LOTS 17-47, 66-96
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1378.68

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 8,297
  • Additional Parcels: No
  • Parcel #: 138-22-024

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 2535.0
  • Insurance Expense: 1599.96
  • Property Net Operating Income: 26663.0
  • Annual Operating Expense: 4804.64

Tax Info

  • Tax Annual Amount: 1046.0
  • Tax Book Number: 138.00
  • Tax Lot: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Jul 12, 2020
Sold by
Ritchie Small Complex Llc
Bought by
Aguirre Walter
Seller's Agent
Alisha Anderson
Real Broker
Buyer's Agent
Alisha Anderson
Real Broker
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$617,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,483
Avg. Annual Appreciation
7.78%
Original Mortgage
$386,650
Outstanding Balance
$348,158
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$234,528
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
Aguirre Walter $400,000 Clear Title Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguirre Walter $95,000
Open Aguirre Walter $386,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $400,000 0.0% $164 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $400,000 -- $164 / 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 $1,171 $11,562 -- --
2024 $1,181 $11,011 -- --
2023 $1,181 $41,370 $8,270 $33,100
2022 $1,157 $31,570 $6,310 $25,260
2021 $1,171 $25,500 $5,100 $20,400
2020 $1,150 $22,710 $4,540 $18,170
2019 $1,046 $19,210 $3,840 $15,370
2018 $1,004 $17,200 $3,440 $13,760
2017 $974 $14,670 $2,930 $11,740
2016 $956 $13,870 $2,770 $11,100
2015 $898 $12,260 $2,450 $9,810
Source: Public Records

Agents Affiliated with this Home

  • Alisha Anderson

    Seller's Agent in 2020

    Alisha Anderson

    Real Broker

    (480) 299-4072

    287 Total Sales

    Section Image
  • Paul Anderson

    Seller Co-Listing Agent in 2020

    Paul Anderson

    Real Broker

    (480) 299-4072

    164 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6096866

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-22-024

Arizona Maricopa County Mesa 85203 Fraser Fields

8 N Fraser Dr, Mesa, AZ

This home is located at 8 N Fraser Dr, Mesa, AZ 85203 since 29 June 2020 and is currently estimated at $647,031, approximately $265 per square foot. This property was built in 1971. 8 N Fraser Dr is a home located in Maricopa County with nearby schools including Edison 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

Nearby Homes