NOT LISTED FOR SALE

851 S Stapley Dr Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $639,000 - $797,000

8 Beds
4 Baths
670 Sq Ft
$1,060/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $100,000 $149 Per Sq Ft

Est. 610% increase in value since last sale

Current estimated payment $3,848/month

7 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Painted or Stained Flooring

About This Home

As of March 2012

Great Single Level Fourplex with newerroof. All 2 Bedroom Units. Easy RentalArea. Large Lot, close to freeway and shopping. All facts and figures approximate. Buyer to verify to their satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 02/06/2012

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,155

Year Built

  • Built in 1969

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Parking

  • Over 1 Space Per Unit
  • Additional Parking

Additional Features

  • Oven or Range
  • Cooling Available

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,183 per year Dock Fee
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,155

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Tax Municipality: Mesa
  • Appliances Included: BI Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: Stapley & Broadway
  • Floors: Carpet, Vinyl
  • Roads Streets: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Tax District: 04
  • Property Type: F
  • Hndrd Blk Directionl: E
  • Hundred Block: 1200
  • Legal Description Abbrev: Gable Village 02
  • Marketing Name: Gable Village
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 6.00
  • Map Code Grid: R39
  • Year Built: 1969
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available, Desert Landscaping, Partially Fenced, Separate Storage
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit, Add'l Parking Avail
  • Total Parking Spaces: 6.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Electric, Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Adjusted Gross Inc: 20349.00
  • Income And Expenses Annual Elec Exp: 420.00
  • Income And Expenses Annual Ins Exp: 1000.00
  • Income And Expenses Annual Maint Exp: 1800.00
  • Income And Expenses Annual Other Expense: 500.00
  • Income And Expenses Annual Trash Exp: 800.00
  • Income And Expenses Annual Water Sewer Exp: 2500.00
  • Income And Expenses Gross Annual Sch Inc: 21000.00
  • Income And Expenses Net Operating Income: 12167.00
  • Income And Expenses Other Income: 420.00
  • Income And Expenses Totl Mnth Rntal Inc: 1750.00
  • Income And Expenses Vacancy Allowance: 0.05
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 437.00
  • Two Bedroom Units Avg Sq Ft: 670
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1183.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2012
Sold by
Berman Greg
Bought by
851 South Stapley Llc
Current Estimated Value
$710,333

Purchase Details

Listed on
Feb 6, 2012
Closed on
Mar 27, 2012
Sold by
Berman Gina
Bought by
Berman Greg
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$129,900
Sold Price
$100,000
Premium/Discount to List
-$29,900
-23.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.42%
Original Mortgage
$62,882
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2003
Sold by
Jenkins Lawrence Daniel
Bought by
Jenkins Lawrence D

Purchase Details

Closed on
Mar 22, 1999
Sold by
Jenkins Lawrence Daniel
Bought by
Jenkins Lawrence Daniel and The Lawrence Daniel Jenkins Jr Trust
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
851 South Stapley Llc -- Accommodation
Berman Greg -- Chicago Title Agency Inc
Berman Greg $90,000 Chicago Title Agency Inc
Jenkins Lawrence D -- --
Jenkins Lawrence Daniel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berman Greg $62,882
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2012 03/30/12 Sold $100,000 -23.0% $149 / Sq Ft
02/13/2012 02/13/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $129,900 -- $194 / 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 $1,155 $11,707 -- --
2024 $1,159 $11,150 -- --
2023 $1,159 $43,730 $8,740 $34,990
2022 $1,135 $33,430 $6,680 $26,750
2021 $1,148 $29,610 $5,920 $23,690
2020 $1,133 $27,230 $5,440 $21,790
2019 $1,059 $18,480 $3,690 $14,790
2018 $1,016 $16,700 $3,340 $13,360
2017 $986 $14,880 $2,970 $11,910
2016 $968 $13,910 $2,780 $11,130
2015 $910 $12,460 $2,490 $9,970
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2012

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    1 in this area

    60 Total Sales

    Steve Fowler
    Section Image

  • L

    Buyer's Agent in 2012

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4712080

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-53-083B

Arizona Maricopa County Mesa 85204 Reed Park

851 S Stapley Dr, Mesa, AZ

Not Listed for Sale

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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