NOT LISTED FOR SALE

8006 E 1st Ave Mesa, AZ 85208

Central Mesa East Neighborhood

Estimated Value: $280,000 - $445,000

-- Bed
4 Baths
1,500 Sq Ft
$243/Sq Ft Est. Value

Last Sold October 06, 2016

Last sale price $265,000 $177 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,012/month

176 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2016

Back on the market. This is one parcel of land containing 2 duplexes. 1 duplex has 3 bedroom units and the other has 2 bedroom units. 4 new AC units were added in 2014 along with new roofing, windows, stucco, and tile on the inside. 3 of the 4 units were remodeled in 2014 or sooner. Over $120,000 has been spent on capital improvements in the last 2 years. See the documents for the financials. One unit is vacant but has been bringing in $2,740 a month when occupied and a new tenant should be in place next mont. Great cash flow, especially if financed well.

Last Agent to Sell the Property

Eric Kimble

ETK Investments, LLC License #BR637524000 Listed on: 02/23/2016

Last Buyer's Agent

Karen Smith

West USA Realty License #SA659211000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $789

Year Built

  • Built in 1967

Lot Details

  • 9,017

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 218-32-004

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 61 x 150
  • Desert Sage Tr Blks 1, 2, 3, 4 Subdivision

Building Details

  • Operating Expense $3,213
  • Gross Income $32,880
  • Net Operating Income $29,667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$789

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: 80th ST and Main
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: R 3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2015
  • Directions: South on 80th Street, to property on the corner of 1st Ave
  • Road Surface Type: Dedicated Street
  • Subdivision Name: DESERT SAGE TR BLKS 1, 2, 3, 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >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

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 624.0
  • Annual Water Sewer Expense: 900.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 61 x 150
  • Additional Parcels: No
  • Parcel #: 218-32-004

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 32880.0
  • Insurance Expense: 900.0
  • Property Net Operating Income: 29667.0
  • Annual Operating Expense: 3213.0

Tax Info

  • Tax Annual Amount: 789.0
  • Tax Block: 1
  • Tax Book Number: 218.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2016
Closed on
Oct 3, 2016
Sold by
Dynamic Growth Properties Llc
Bought by
Reeb Matthew R
Seller's Agent
Eric Kimble
ETK Investments, LLC
Buyer's Agent
Karen Smith
West USA Realty
List Price
$259,000
Sold Price
$265,000
Premium/Discount to List
$6,000
2.32%
Current Estimated Value
$365,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,113
Avg. Annual Appreciation
2.20%
Original Mortgage
$198,750
Outstanding Balance
$161,314
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$160,842

Purchase Details

Listed on
Apr 3, 2014
Closed on
Jul 9, 2014
Sold by
Roberson Jean M
Bought by
Dynamic Growth Properties Llc
Seller's Agent
Michael Ray Taggart
Realty ONE Group
Buyer's Agent
Eric Kimble
ETK Investments, LLC
List Price
$119,000
Sold Price
$85,000
Premium/Discount to List
-$34,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.13%
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
Reeb Matthew R $265,000 Equity Title Agency Inc
Dynamic Growth Properties Llc $85,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeb Matthew R $198,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2016 10/06/16 Sold $265,000 +2.3% $177 / Sq Ft
10/06/2016 10/06/16 For Sale $259,000 0.0% $173 / Sq Ft
10/06/2016 10/06/16 Price Changed $259,000 0.0% $173 / Sq Ft
08/17/2016 08/17/16 Pending -- -- --
08/10/2016 08/10/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $259,000 -2.3% $173 / Sq Ft
06/21/2016 06/21/16 Off Market $265,000 -- --
06/12/2016 06/12/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $259,000 -3.7% $173 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $269,000 +216.5% $179 / Sq Ft
07/10/2014 07/10/14 Sold $85,000 -28.6% $57 / Sq Ft
06/20/2014 06/20/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $119,000 -- $79 / 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 $1,011 $11,222 -- --
2024 $1,024 $10,688 -- --
2023 $1,024 $35,320 $7,060 $28,260
2022 $1,000 $25,910 $5,180 $20,730
2021 $997 $25,260 $5,050 $20,210
2020 $989 $23,910 $4,780 $19,130
2019 $917 $19,030 $3,800 $15,230
2018 $894 $11,250 $2,250 $9,000
2017 $863 $11,250 $2,250 $9,000
2016 $842 $10,120 $2,020 $8,100
2015 $790 $9,870 $1,970 $7,900
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Eric Kimble

    ETK Investments, LLC

    (480) 788-0609

    Eric Kimble
    Section Image
  • Karen Smith

    Buyer's Agent in 2016

    Karen Smith

    West USA Realty

    (602) 696-4070

    33 Total Sales

    Karen Smith
    Section Image

  • M

    Seller's Agent in 2014

    Michael Ray Taggart

    Realty One Group

    (602) 743-1514

    5 in this area

    93 Total Sales

    Michael Ray Taggart
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5403130

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-32-004

Arizona Maricopa County Mesa 85208 Central Mesa East

8006 E 1st Ave, Mesa, AZ

This home is located at 8006 E 1st Ave, Mesa, AZ 85208 since 23 February 2016 and is currently estimated at $365,113, approximately $243 per square foot. This property was built in 1967. 8006 E 1st Ave is a home located in Maricopa County with nearby schools including Jefferson 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