E
Seller's Agent in 2016
Eric Kimble
ETK Investments, LLC
(480) 788-0609
8006 E 1st Ave Mesa, AZ 85208
Central Mesa East NeighborhoodEstimated Value: $318,000 - $474,000
Studio
4
Baths
1,500
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Franklin at Brimhall Elementary School Rated A
- Central Heating and Cooling System
About This Home
As of October 2016Back 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
ETK Investments, LLC License #BR637524000 Listed on: 02/23/2016
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,842
Avg. Annual Appreciation
4.20%
Original Mortgage
$198,750
Outstanding Balance
$159,184
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$229,658
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%
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
Average Home Value in this Area
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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 | $1,012 | $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
-
Eric Kimble
-
Karen Smith
Buyer's Agent in 2016
Karen Smith
West USA Realty
(602) 696-4070
30 Total Sales
-
Michael Ray Taggart
M
Seller's Agent in 2014
Michael Ray Taggart
Realty One Group
(602) 743-1514
4 in this area
87 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5403130
APN: 218-32-004
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.
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
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