NOT LISTED FOR SALE

841 E Fountain St Unit 2 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $484,000 - $680,000

9 Beds
-- Bath
1,508 Sq Ft
$401/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $355,000 $235 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,337/month

36 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2017

NO HOA!! WELL MAINTAINED FOUR-PLEX IN MESA. PURCHASE WITH RESIDENTIAL FINANCING. EXCELLENT INVESTMENT PROPERTY LOCATED IN PRIME MESA AREA. GOOD RENTAL RECORD! 3 UNITS ARE 2 BEDROOM ONE BATH AND 1 UNIT IS 3 BEDROOM 1 BATH! NEW TILE FLOORING THROUGHOUT ALL UNITS. OFF STREET COVERED PARKING. THIS IS YOUR CHANCE TO OWN PRIME INCOME PRODUCING PROPERTY.

Last Agent to Sell the Property

Fred Hackett

DeLex Realty License #SA526043000 Listed on: 04/29/2017

DeLex Realty

Last Buyer's Agent

Joey Hallatt

Cambridge Properties License #BR518174000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,247

Year Built

  • Built in 1972

Lot Details

  • 0.29

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 54
  • Assessor Parcel Number 137-09-187-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 12400
  • Porter Estates 2 Subdivision

Building Details

  • Operating Expense $7,234
  • Gross Income $27,060
  • Net Operating Income $27,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,247

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Stapley and Brown
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2016
  • Directions: West on Brown to Miller, south on Miller to Fountain West, to property.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Subdivision Name: PORTER ESTATES 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 335.0
  • Annual Water Sewer Expense: 1871.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 12400
  • Additional Parcels: No
  • Parcel #: 137-09-187-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 27060.0
  • Insurance Expense: 1981.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 27060.0
  • Annual Operating Expense: 7234.0

Tax Info

  • Tax Annual Amount: 1247.0
  • Tax Book Number: 137.00
  • Tax Lot: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Kelly Anthony R
Bought by
Anthony R Kelly Revocable Trust and Kelly
Current Estimated Value
$604,905

Purchase Details

Closed on
Nov 21, 2020
Sold by
Dlfd Properties Llc
Bought by
Kelly Anthony R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2017
Closed on
Jul 21, 2017
Sold by
Kelly Anthony R
Bought by
Dlfd Properties Llc
Seller's Agent
Fred Hackett
DeLex Realty
Buyer's Agent
Joey Hallatt
Cambridge Properties
List Price
$399,000
Sold Price
$355,000
Premium/Discount to List
-$44,000
-11.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$262,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2017
Closed on
Jul 10, 2017
Sold by
Marques Properties Fountain Llc
Bought by
Kelly Anthony R
Seller's Agent
Fred Hackett
DeLex Realty
Buyer's Agent
Joey Hallatt
Cambridge Properties
List Price
$399,000
Sold Price
$355,000
Premium/Discount to List
-$44,000
-11.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2016
Sold by
Marques Paul and Marques Ethel
Bought by
Marques Properties Fountain Llc

Purchase Details

Closed on
Mar 14, 2014
Sold by
Camelback Equities Llc
Bought by
Marques Paul and Marques Ethel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,438
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2013
Sold by
Arizona Equity Management Llc
Bought by
Camelback Equities Llc

Purchase Details

Closed on
Apr 11, 2011
Sold by
Circlr Park Properties Llc
Bought by
Arizona Equity Management Llc

Purchase Details

Closed on
Mar 8, 2011
Sold by
Ortiz Anthony
Bought by
Circle Park Properties Llc

Purchase Details

Closed on
Nov 30, 2005
Sold by
Riggs Craig W and Riggs Vicki
Bought by
Ortiz Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,430
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 13, 2004
Sold by
Cross Properties Llc
Bought by
Cross Ralph W and Cross Shirley R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2004
Sold by
Cross Ralph W and Cross Shirley R
Bought by
Riggs Craig W and Riggs Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2003
Sold by
Cross Ralph W and Cross Shirley R
Bought by
Cross Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 1998
Sold by
Cross Ralph W and Cross Shirley R
Bought by
Cross Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.84%
Source: Public Records

Range of Values:

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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
Anthony R Kelly Revocable Trust -- None Listed On Document
Kelly Anthony R -- Servicelink
Dlfd Properties Llc -- None Available
Kelly Anthony R $355,000 Chicago Title Agency Inc
Marques Properties Fountain Llc -- None Available
Marques Paul $221,438 Empire West Title Agency
Camelback Equities Llc -- None Available
Arizona Equity Management Llc -- None Available
Circle Park Properties Llc $96,000 None Available
Ortiz Anthony $434,900 First American Title Ins Co
Cross Ralph W -- Security Title Agency
Riggs Craig W $265,500 Security Title Agency
Cross Properties Llc -- Capital Title Agency Inc
Cross Ralph W -- Capital Title Agency Inc
Cross Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelly Anthony R $255,000
Previous Owner Kelly Anthony R $262,500
Previous Owner Marques Paul $106,438
Previous Owner Ortiz Anthony $304,430
Previous Owner Riggs Craig W $238,500
Previous Owner Cross Ralph W $133,000
Previous Owner Cross Properties Llc $63,000
Closed Ortiz Anthony $86,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold $355,000 -8.7% $235 / Sq Ft
06/03/2017 06/03/17 Pending -- -- --
05/30/2017 05/30/17 Price Changed $389,000 -2.5% $258 / Sq Ft
04/28/2017 04/28/17 For Sale $399,000 -- $265 / 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 $1,564 $15,932 -- --
2024 $1,577 $15,173 -- --
2023 $1,577 $48,270 $9,650 $38,620
2022 $1,544 $36,920 $7,380 $29,540
2021 $1,486 $30,560 $6,110 $24,450
2020 $1,467 $27,700 $5,540 $22,160
2019 $1,367 $23,830 $4,760 $19,070
2018 $1,310 $21,670 $4,330 $17,340
2017 $1,270 $18,570 $3,710 $14,860
2016 $1,247 $17,580 $3,510 $14,070
2015 $1,173 $15,580 $3,110 $12,470
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2017

    Fred Hackett

    DeLex Realty

    Section Image
  • Joey Hallatt

    Buyer's Agent in 2017

    Joey Hallatt

    Cambridge Properties

    (602) 672-0341

    57 Total Sales

    Joey Hallatt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597769

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-187A

Arizona Maricopa County Mesa 85203 Mesa Patios

841 E Fountain St Unit 2, Mesa, AZ

This home is located at 841 E Fountain St Unit 2, Mesa, AZ 85203 since 29 April 2017 and is currently estimated at $604,905, approximately $401 per square foot. This property was built in 1972. 841 E Fountain St Unit 2 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

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