$299,000
SOLD MAY 31, 2017
-- Bed
-- Bath
2,274 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

1 Day on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of May 2017

Here is a great tri-plex that is remodedled. All 3 units are 2 bedroom 1 bath. All units have new A/C units, vinyl wood plank flooring, updated cabinets in 2 of the units. Water heaters and washer/dryer hook up are on the back porches of the units. All 3 units are occupied and producing great rent. Across the street from the grade school. Property is clean and income producing.

Last Agent to Sell the Property

Roger Banks

HomeSmart License #BR544616000 Listed on: 04/28/2017

HomeSmart

Last Buyer's Agent

Frank McKinley

My Home Group Real Estate License #SA635320000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $969

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 137-06-061

Community Details

Overview

  • 3 Units
  • Building Dimensions are 6897
  • Mumford Park Subdivision

Building Details

  • Operating Expense $5,869
  • Gross Income $28,925
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$969

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Stapley and University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2016
  • Directions: West on University to Horne, North on horne to 5th st, East to property
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: MUMFORD PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Other, See Remarks
  • Heating: Electric, Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 6897
  • Additional Parcels: No
  • Parcel #: 137-06-061

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 28925.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 24000.0
  • Annual Operating Expense: 5869.0

Tax Info

  • Tax Annual Amount: 969.0
  • Tax Book Number: 137.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2022
Sold by
Walters Nicholas D and Walters Corinthia T
Bought by
Penguin Properties Llc
Current Estimated Value
$539,592

Purchase Details

Listed on
Apr 28, 2017
Closed on
May 24, 2017
Sold by
825 5Th Street Llc
Bought by
Walters Nicholas D and Walters Corinthia T
Seller's Agent
Roger Banks
HomeSmart
Buyer's Agent
Frank McKinley
My Home Group Real Estate
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$224,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2015
Sold by
Mullins Daniel M
Bought by
825 E 5Th Street Llc

Purchase Details

Closed on
Feb 6, 2015
Sold by
Sacry Sheryl K
Bought by
Mullins Daniel M

Purchase Details

Closed on
Jan 17, 2014
Sold by
Mullins Daniel M
Bought by
825 E 5Th St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 25, 2013
Sold by
Sacry Sheryl K
Bought by
Mullins Daniel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,240
Interest Rate
3.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 1995
Sold by
Davila Carlos V and Davila Margaret R
Bought by
Maxwell Gilbert R and Maxwell Coralee K
Source: Public Records

Similar Homes in Mesa, AZ

  • 3345 E University Dr Unit 2, Mesa, AZ 85213

    $260,500

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • 3345 E University Dr
    • Unit 2
    • Mesa, AZ

    Welcome to this move-in ready gem located in the 55+ Las Alegres community! Perfectly situated within the neighborhood, this home has been beautifully maintained and thoughtfully cared for throughout. The spacious two-car garage features built-in cabinetry and a convenient workbench, ideal for hobbyists or extra storage.Inside, the home boasts a fantastic floor plan designed for

    Josiah Miller West USA Realty

    Section Image
  • 64 N 63rd St Unit 33, Mesa, AZ 85205

    $299,000

    • 2 Beds
    • 2 Baths
    • 1,188 Sq Ft
    • 64 N 63rd St
    • Unit 33
    • Mesa, AZ

    Welcome to your beautifully updated retreat in the gated community of Villas Tuscany! This charming single-level patio home is ideal for full-time living or the perfect lock-and-leave getaway. Step inside to find brand-new tile flooring, fresh paint, and sleek quartz countertops that give the home a clean, move-in-ready feel. Vaulted ceilings create a light, bright, and airy ambiance throughout.

    Cara Dankberg Compass

    Section Image
  • 556 N Hobson Plaza, Mesa, AZ 85203

    $285,000

    • 2 Beds
    • 2 Baths
    • 1,628 Sq Ft
    • 556 N Hobson Plaza
    • Mesa, AZ

    This Home is minutes from downtown Mesa. Convenient to schools, the lightrail, and Hohokam stadium-so much to do in this area! This charming 2-bedroom residence in Mesa is a Great opportunity to make this home your own. This Raw fixer Upper is just waiting for someone to come and make it their own. This home has a nice size AZ room. **THIS IS SELLING AS-IS**

    Silver Days HomeSmart

    Section Image
  • 2059 E Brown Rd Unit 35, Mesa, AZ 85213

    $375,000

    • 2 Beds
    • 2 Baths
    • 1,619 Sq Ft
    • 2059 E Brown Rd
    • Unit 35
    • Mesa, AZ

    Don't miss this incredible opportunity in Villas Valencia! This stunning patio home has it all—private courtyard entry, tranquil atrium with water feature, and an open, airy layout with vaulted ceilings and a cozy fireplace. Completely remodeled with style: no more popcorn ceilings, recessed lighting, granite counters, and a custom coffee bar! Dual pane windows, updated appliances, and gorgeous

    David Oesterle RE/MAX Excalibur

    Section Image
  • 1050 S Stapley Dr Unit 48, Mesa, AZ 85204

    $277,900

    • 2 Beds
    • 2 Baths
    • 999 Sq Ft
    • 1050 S Stapley Dr
    • Unit 48
    • Mesa, AZ

    Renovated and updated 2 beds, 2 bath ground floor condo. The entire community is single level. Apx 1000 sq ft of spacious living! Beautiful kitchen with recessed lighting and generous eat in area, plenty of cabinet and counter top space. Each bedroom is generously sized with good closet space. Brand new energy efficient windows and new A/C unit. Step outside to the backyard with covered patio

    Diane Hale West USA Realty

    Section Image
  • 1725 N Date Unit 24, Mesa, AZ 85201

    $240,000

    • 2 Beds
    • 2 Baths
    • 1,161 Sq Ft
    • 1725 N Date
    • Unit 24
    • Mesa, AZ

    This is a well priced, very sweet patio home with 2 car carport & big back & side yards with storage room. The spacious great room blends into the dining area. There is access to the patios from the dining room and primary bedroom. The airy kitchen has 2 pantries , a window & refrigerator. Off the hallway is the laundry area with washer/dryer included, a linen closet & big hall bathroom by the

    Judy Alvis RE/MAX Excalibur

    Section Image
  • 1353 E Hopi Ave, Mesa, AZ 85204

    $276,000

    • 3 Beds
    • 2 Baths
    • 1,104 Sq Ft
    • 1353 E Hopi Ave
    • Mesa, AZ

    Welcome to your new home in the heart of Mesa! Nestled in conveniently located Stapley Gardens subdivision, this 3-bedroom, 2-bathroom home blends comfort, style, and convenience all in one. Step inside to discover a bright and airy floor plan and large picture windows that flood the home with natural light. The spacious living room flows seamlessly into the cozy kitchen. The primary suite

    Paul Whittle American Allstar Realty

    Section Image
  • 2929 E Broadway Rd Unit 30, Mesa, AZ 85204

    $319,000

    • 3 Beds
    • 2 Baths
    • 1,104 Sq Ft
    • 2929 E Broadway Rd
    • Unit 30
    • Mesa, AZ

    Welcome to this charming, move-in ready patio home with thoughtful updates, a flexible layout—and a brand new AC and air handler to keep you cool and comfortable year-round!Step inside to vaulted ceilings, wood-look flooring throughout (no carpet!), and fresh neutral paint that makes the space feel bright and airy. The open floor plan flows seamlessly from living to dining to kitchen,

    Brandon Howe Howe Realty

    Section Image
  • 3345 E University Dr Unit 25, Mesa, AZ 85213

    $284,900

    • 2 Beds
    • 2 Baths
    • 1,051 Sq Ft
    • 3345 E University Dr
    • Unit 25
    • Mesa, AZ

    Lovely, very clean two bedroom, two bath patio home with fireplace, situated on a north facing corner lot with fruit trees. This home is located in the beautiful and peaceful adult community of Las Alegres. Large private back patio, nice front courtyard and lots of cabinet space in garage with an epoxy floor. This home has been extremely well cared for and includes a brand new water heater, and a

    Stan Hughes HomeSmart

    Section Image

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 Type Sale Price Title Company
Warranty Deed $611,000 New Title Company Name
Warranty Deed $299,000 Wfg National Title Insurance
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- Accommodation
Warranty Deed -- None Available
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $137,800 Security Title Agency
Joint Tenancy Deed $83,985 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $226,030 New Conventional
Previous Owner $224,000 New Conventional
Previous Owner $115,500 New Conventional
Previous Owner $110,000 Future Advance Clause Open End Mortgage
Previous Owner $110,240 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Rented $775 0.0% --
01/02/2018 01/02/18 Under Contract -- -- --
11/21/2017 11/21/17 Price Changed $775 -6.1% $1 / Sq Ft
11/15/2017 11/15/17 For Rent $825 0.0% --
05/31/2017 05/31/17 Sold $299,000 0.0% $131 / Sq Ft
04/29/2017 04/29/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $299,000 -- $131 / 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 $1,150 $11,720 -- --
2024 $1,160 $11,162 -- --
2023 $1,160 $36,070 $7,210 $28,860
2022 $1,136 $27,720 $5,540 $22,180
2021 $1,150 $23,000 $4,600 $18,400
2020 $1,135 $20,730 $4,140 $16,590
2019 $1,060 $17,750 $3,550 $14,200
2018 $1,018 $16,110 $3,220 $12,890
2017 $987 $13,680 $2,730 $10,950
2016 $969 $12,770 $2,550 $10,220
2015 $911 $11,550 $2,310 $9,240
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597229

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-06-061