NOT LISTED FOR SALE

Estimated Value: $740,409 - $946,000

4 Beds
-- Bath
3,979 Sq Ft
$215/Sq Ft Est. Value

Last Sold January 24, 2017

Last sale price $388,000 $98 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $4,918/month

51 Days on Market

Highlights

  • 7 Car Attached Garage
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heating Available

About This Home

As of January 2017

Fully updated Four plex in Mesa. All units occupied and recently remodeled. Building has 4 units. THREE of them are 2 bedroom 2 bath and ONE unit is a 3 bedroom 2 bath unit with garage. Updates included : floors, kitchens, baths, window coverings, lighting, paint, and cabinets throughout. Drive by only until under contract.

Last Agent to Sell the Property

Christy Rios

Keller Williams Integrity First License #SA569852000 Listed on: 10/25/2016

Keller Williams Integrity First

Last Buyer's Agent

Venkata Narla

Lotus Real Estate License #BR548234000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,900

Year Built

  • Built in 1984

Lot Details

  • 8,451

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 7 Car Attached Garage
  • 3 Open Parking Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 135-17-309

Community Details

Overview

  • 4 Units
  • Building Dimensions are 165x330

Building Details

  • Operating Expense $3,900
  • Gross Income $39,000
  • Net Operating Income $24,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,900

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Alma School / Rio Salado
  • Property Type: Multiple Dwellings
  • Zoning: multi M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2015
  • Directions: East on Rio Salado, North on Revere to building
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: None
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Other (See Remarks), F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, Add'l Parking Avail, Attached, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: Yes
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 165x330
  • Additional Parcels: No
  • Parcel #: 135-17-309

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 39000.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 24820.0
  • Annual Operating Expense: 3900.0

Tax Info

  • Tax Annual Amount: 1900.0
  • Tax Book Number: 135.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2018
Sold by
Menezes Sheena
Bought by
Aranha Linus
Current Estimated Value
$854,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2016
Closed on
Jan 11, 2017
Sold by
4R Llc
Bought by
Putti Gopi Krishna and Goli Dayal Pyari
Seller's Agent
Christy Rios
Keller Williams Integrity First
Buyer's Agent
Venkata Narla
Lotus Real Estate
List Price
$415,000
Sold Price
$388,000
Premium/Discount to List
-$27,000
-6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%

Purchase Details

Closed on
Jan 21, 2015
Sold by
Matinrazm Arash
Bought by
4R Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,248
Interest Rate
3.76%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2007
Sold by
Matinrazm Arash
Bought by
Matinrazm Arash and Arash Matinrazm Revocable Trust

Purchase Details

Closed on
Jan 8, 2005
Sold by
Murphy Patrick J and Murphy Roseann C
Bought by
Matinrazm Arash

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 1998
Sold by
Spahich Rada
Bought by
Murphy Patrick J and Murphy Roseann C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Aranha Linus -- Clear Title Agency Of Arizon
Aranha Linus $440,000 Clear Title Agency Of Arizon
Putti Gopi Krishna $388,000 Clear Title Agency Of Az Llc
4R Llc $157,800 None Available
Matinrazm Arash -- None Available
Matinrazm Arash $370,000 Guaranty Title Agency
Murphy Patrick J $190,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aranha Linus $330,000
Closed Aranha Linus $330,000
Previous Owner 4R Llc $227,000
Previous Owner 4R Llc $126,248
Previous Owner Matinrazm Arash $305,261
Previous Owner Matinrazm Arash $296,000
Previous Owner Murphy Patrick J $150,000
Previous Owner Murphy Patrick J $171,000
Closed Matinrazm Arash $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2017 01/24/17 Sold $388,000 -6.5% $98 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
12/14/2016 12/14/16 For Sale $415,000 0.0% $104 / Sq Ft
12/14/2016 12/14/16 Price Changed $415,000 -2.4% $104 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
10/25/2016 10/25/16 For Sale $425,000 -- $107 / 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 $2,406 $24,514 -- --
2024 $2,426 $23,347 -- --
2023 $2,426 $62,010 $12,400 $49,610
2022 $2,376 $50,810 $10,160 $40,650
2021 $2,405 $46,050 $9,210 $36,840
2020 $2,373 $43,180 $8,630 $34,550
2019 $2,218 $36,330 $7,260 $29,070
2018 $2,128 $32,600 $6,520 $26,080
2017 $2,065 $20,250 $4,050 $16,200
2016 $2,026 $19,330 $3,860 $15,470
2015 $1,905 $17,400 $3,480 $13,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5516102

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-309