NOT LISTED FOR SALE

8040 E 1st Ave Mesa, AZ 85208

Central Mesa East Neighborhood

Estimated Value: $368,000 - $403,000

3 Beds
2 Baths
1,301 Sq Ft
$297/Sq Ft Est. Value

Last Sold September 18, 2018

Last sale price $224,900 $173 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,078/month

11 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of September 2018

GREAT HOME & DUPLEX * SOLID BLOCK CONSTRUCTION * FRONT SECURITY DOOR * NEUTRAL TILE * CARPET JUST INSTALLED * HARDWOOD CABINETS * GAS COOKING * TILE TUB & SHOWER SURROUNDS * SPLIT BEDROOM HAS CLOSET * PERFECT FOR OFFICE OR GUEST SET-UP WITH SEPARATE ENTRANCE * COVERED PATIO * STORAGE * MOUNTAIN VIEWS * DUPLEX IS A COSMETIC FIXER * NEEDS CARPET, PAINT AND MISC REPAIRS * HOUSE IS OCCUPIED BY OWNER * RENTAL RATE IS AN ESTIMATED RENT * DON'T MISS THIS ONE * SEE IT TODAY!

Last Agent to Sell the Property

Russell Shaw

Realty One Group Brokerage Phone: 602-957-7777 License #BR008345000 Listed on: 08/01/2018

Realty One Group

Last Buyer's Agent

Lauren House

Real Broker License #SA659956000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $915

Year Built

  • Built in 1985

Lot Details

  • 8,407

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Jefferson Elementary School
  • Fremont Junior High School
  • Skyline High School

Utilities

  • Cooling Available
  • Multiple Heating Units
  • Individual Controls for Heating
  • Master Water Meter
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, electricity
  • The owner pays for gas, electricity, water, landscaping
  • Legal Lot and Block 20 / 1
  • Assessor Parcel Number 218-32-020

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 65 X 125
  • Desert Sage Tr Blks 1, 2, 3, 4 Subdivision

Building Details

  • Operating Expense $7,170
  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$915

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: HAWES & MAIN
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: DESERT SAGE TR BLKS 1, 2, 3, 4
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Boundary Survey Avlb
  • Construction Type: Painted, Block, Slump Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Submetered System
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Individual, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 480.0
  • Trash Expense: 180.0
  • Annual Water Sewer Expense: 960.0

Schools

  • Elementary School: Jefferson Elementary School
  • High School: Skyline High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Fremont Junior High School

Lot Info

  • Lot Size: 65 X 125
  • Additional Parcels: No
  • Parcel #: 218-32-020

Multi Family

  • Owner Pays: Gas, Electricity, Water, Landscaping
  • Tenant Pays: Trash Collection, Electricity
  • Number Of Units Total: 3
  • Electric Expense: 3300.0
  • Annual Gross Income: 14400.0
  • Insurance Expense: 1335.0
  • Annual Operating Expense: 7170.0

Tax Info

  • Tax Annual Amount: 915.0
  • Tax Block: 1
  • Tax Book Number: 218.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Aug 24, 2018
Sold by
Savidge Robert W
Bought by
Blanco Jose and Blanco Sara Nichol Newcomb
Seller's Agent
Russell Shaw
Realty One Group
Buyer's Agent
Lauren House
Real Broker
List Price
$224,900
Sold Price
$224,900
Current Estimated Value
$379,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,755
Avg. Annual Appreciation
7.72%
Original Mortgage
$168,675
Outstanding Balance
$146,807
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$239,365

Purchase Details

Closed on
Feb 2, 1995
Sold by
Schelske Arnold Karl and Schelske Nancy A
Bought by
Savidge Robert W and Savidge Krystine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,550
Interest Rate
9.03%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Blanco Jose $224,900 Chicago Title Agency Inc
Savidge Robert W $89,500 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanco Jose $168,675
Previous Owner Savidge Robert W $80,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2018 09/18/18 Sold $224,900 0.0% $173 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $224,900 -- $173 / 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 $1,072 $11,890 -- --
2024 $1,085 $11,324 -- --
2023 $1,085 $34,900 $6,980 $27,920
2022 $1,059 $25,110 $5,020 $20,090
2021 $1,057 $23,900 $4,780 $19,120
2020 $1,048 $20,470 $4,090 $16,380
2019 $972 $17,620 $3,520 $14,100
2018 $947 $16,150 $3,230 $12,920
2017 $915 $13,950 $2,790 $11,160
2016 $896 $13,360 $2,670 $10,690
2015 $837 $11,810 $2,360 $9,450
Source: Public Records

Agents Affiliated with this Home

  • Russell Shaw

    Seller's Agent in 2018

    Russell Shaw

    Realty One Group

    (602) 957-7777

    6 in this area

    403 Total Sales

    Russell Shaw
    Section Image
  • Lauren House

    Buyer's Agent in 2018

    Lauren House

    Real Broker

    (480) 287-5200

    69 Total Sales

    Lauren House
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5800669

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-32-020

Arizona Maricopa County Mesa 85208 Central Mesa East

8040 E 1st Ave, Mesa, AZ

Not Listed for Sale

MultiFamily

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

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