L
Seller's Agent in 2019
Loyd L. Young
Mesa Verde Real Estate
851 E 5th St Mesa, AZ 85203
Mesa Patios NeighborhoodEstimated Value: $502,000 - $657,000
--
Bed
--
Bath
2,160
Sq Ft
$251/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Franklin at Brimhall Elementary School Rated A
About This Home
As of November 2019This is well-maintained property in an excellent rental area with long-term tenants. All agreements are month-to-month so it will be easy to raise these very low rents. See MLS #5869213 for most recent rental just a few doors down: $795! 5 - 6 parking spots on the property. Each unit has own storage rooms that have been wired and partially plumbed for laundry. Property was completely rebuilt (to the studs) in 2011 so don't let the 1962 build date scare you. These units are completely modern in every way with modern cabinets, newer appliances and floors. This property has lots of upside.
Last Listed By
Loyd L. Young
Mesa Verde Real Estate License #BR542330000 Listed on: 11/03/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $933
Year Built
- Built in 1962
Lot Details
- 9,060
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Free Parking
- Paved Parking
Schools
- Edison Elementary School
- Kino Junior High School
- Westwood High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Master Water Meter
Listing and Financial Details
- Tenant pays for trash collection, gas, electricity, cable TV
- The owner pays for water, sewer
- Tax Lot 8
- Assessor Parcel Number 137-06-065
Community Details
Overview
- 3 Units
- Building Dimensions are 64 x 140
- Mumford Park Subdivision
Building Details
- Operating Expense $4,313
- Gross Income $22,800
- Net Operating Income $22,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2019
Closed on
Nov 12, 2019
Sold by
Young Loyd L
Bought by
Steinway Investments Llc
Seller's Agent
Loyd L. Young
Mesa Verde Real Estate
Buyer's Agent
Carla Magee
My Home Group Real Estate
List Price
$309,900
Sold Price
$322,000
Premium/Discount to List
$12,100
3.9%
Total Days on Market
5
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
$220,081
Avg. Annual Appreciation
9.99%
Purchase Details
Closed on
Nov 1, 2010
Sold by
Mumford Realty Investments Llc
Bought by
Young Lloyd L and Young Marci
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
4.33%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 14, 2010
Sold by
Adamo Frank J
Bought by
Mumford Realty Investments Llc
Purchase Details
Closed on
Jun 5, 1996
Sold by
Hellman Robert A
Bought by
Adamo Frank J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,900
Interest Rate
8.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 1996
Sold by
Bates Janet
Bought by
Bates Daniel L
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 |
|---|---|---|---|
| Steinway Investments Llc | $322,000 | First American Title Ins Co | |
| Young Lloyd L | $75,000 | Grand Canyon Title Agency In | |
| Mumford Realty Investments Llc | $75,000 | None Available | |
| Adamo Frank J | $99,900 | Chicago Title Insurance Co | |
| Bates Daniel L | -- | Chicago Title Insurance Co | |
| Hellman Robert A | -- | Chicago Title Insurance Co | |
| Hellman Robert A | $62,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Young Loyd L | $240,000 | |
| Previous Owner | Young Loyd L | $150,000 | |
| Previous Owner | Young Lloyd L | $66,000 | |
| Previous Owner | Adamo Frank J | $89,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2019 11/25/19 | Sold | $322,000 | +3.9% | $149 / Sq Ft |
| 11/08/2019 11/08/19 | Pending | -- | -- | -- |
| 11/03/2019 11/03/19 | For Sale | $309,900 | -- | $143 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $10,310 | -- | -- |
| 2024 | $1,020 | $9,819 | -- | -- |
| 2023 | $1,020 | $34,030 | $6,800 | $27,230 |
| 2022 | $999 | $26,550 | $5,310 | $21,240 |
| 2021 | $1,011 | $22,180 | $4,430 | $17,750 |
| 2020 | $998 | $19,950 | $3,990 | $15,960 |
| 2019 | $933 | $16,900 | $3,380 | $13,520 |
| 2018 | $895 | $15,060 | $3,010 | $12,050 |
| 2017 | $868 | $12,380 | $2,470 | $9,910 |
| 2016 | $852 | $11,650 | $2,330 | $9,320 |
| 2015 | $801 | $10,180 | $2,030 | $8,150 |
Source: Public Records
Agents Affiliated with this Home
-
-
Carla Magee
C
Buyer's Agent in 2019
Carla Magee
My Home Group
(480) 685-2760
39 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6000367
APN: 137-06-065
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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