NOT LISTED FOR SALE

853 E Fountain St Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $490,751 - $621,000

-- Bed
3 Baths
3,900 Sq Ft
$142/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $517,000 $133 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,010/month

2 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of March 2022

Both units are occupied with long term, EXCELLENT tenants. The property is well taken care of. Leases extend thru 2022, combined rent is $2450/mo. Please do not disturb tenants, drive by only until offer is accepted.

Unit 1: 2 Bedroom, 2 Bath, Garage & Carport, Laundry Room, Covered Patio, Private Back Yard.
Unit 2: 1 Bedroom, 1 Bath, Carport, Laundry Room, Covered Patio, Private Back Yard.

Last Agent to Sell the Property

Jon Sherwood

Crossroads Brokerage License #BR101681000 Listed on: 02/26/2022

Last Buyer's Agent

Lindsey Deering

My Home Group Real Estate License #SA675304000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,112

Year Built

  • Built in 1980

Lot Details

  • 6,186

Home Design

  • Composition Roof

Parking

  • 2 Open Parking Spaces
  • 5 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 137-09-188

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6200
  • Porter Estates Unit 2 Subdivision

Building Details

  • Operating Expense $1,112
  • Net Operating Income $1,875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,112

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: N Horne & E Brown Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: PORTER ESTATES UNIT 2
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • 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

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

Schools

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

Lot Info

  • Lot Size: 6200
  • Additional Parcels: No
  • Parcel #: 137-09-188

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 1875.0
  • Annual Operating Expense: 1112.0

Tax Info

  • Tax Annual Amount: 1112.0
  • Tax Book Number: 137.00
  • Tax Lot: 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
1 Alliance Leasing Llc
Bought by
1Gpa
Current Estimated Value
$552,188

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 8, 2022
Sold by
Timothy Lesaar
Bought by
1 Alliance Leasing Llc
Seller's Agent
Jon Sherwood
Crossroads Brokerage
Buyer's Agent
Lindsey Deering
My Home Group Real Estate
List Price
$525,000
Sold Price
$517,000
Premium/Discount to List
-$8,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.84%

Purchase Details

Listed on
Apr 27, 2020
Closed on
May 26, 2020
Sold by
Linton Andrew A and Linton Kelly M
Bought by
Lesaar Timothy
Seller's Agent
Brian Cunningham
eXp Realty
Buyer's Agent
Michael Bolerjack
Keller Williams Realty Sonoran Living
List Price
$329,000
Sold Price
$315,000
Premium/Discount to List
-$14,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.69%
Original Mortgage
$299,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2001
Sold by
Clement Richard P and Clement Anne F
Bought by
Linton Andrew A and Linton Kelly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,145
Interest Rate
6.98%
Mortgage Type
FHA
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
1Gpa -- None Listed On Document
1Gpa -- None Listed On Document
1 Alliance Leasing Llc $517,000 None Listed On Document
Lesaar Timothy $315,000 First American Title Ins Co
Linton Andrew A $151,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lesaar Timothy $299,250
Previous Owner Linton Andrew A $145,145
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2022 03/15/22 Sold $517,000 -1.5% $133 / Sq Ft
02/26/2022 02/26/22 For Sale $525,000 +66.7% $135 / Sq Ft
05/26/2020 05/26/20 Sold $315,000 -4.3% $81 / Sq Ft View Prior Sale
04/27/2020 04/27/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $329,000 -- $84 / 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 $1,202 $12,186 -- --
2024 $1,206 $11,606 -- --
2023 $1,206 $37,920 $7,580 $30,340
2022 $1,091 $28,570 $5,710 $22,860
2021 $1,112 $23,530 $4,700 $18,830
2020 $1,097 $21,570 $4,310 $17,260
2019 $1,021 $18,750 $3,750 $15,000
2018 $978 $17,150 $3,430 $13,720
2017 $948 $13,980 $2,790 $11,190
2016 $930 $12,960 $2,590 $10,370
2015 $876 $11,510 $2,300 $9,210
Source: Public Records

Agents Affiliated with this Home

  • Jon Sherwood

    Seller's Agent in 2022

    Jon Sherwood

    Crossroads Brokerage

    (480) 766-6245

    1 in this area

    324 Total Sales

    Jon Sherwood
    Section Image
  • Lindsey Deering

    Buyer's Agent in 2022

    Lindsey Deering

    My Home Group

    (480) 510-2004

    1 in this area

    15 Total Sales

    Lindsey Deering
    Section Image
  • Brian Cunningham

    Seller's Agent in 2020

    Brian Cunningham

    eXp Realty

    (480) 370-6160

    191 Total Sales

    Brian Cunningham
    Section Image
  • Michael Bolerjack

    Buyer's Agent in 2020

    Michael Bolerjack

    Keller Williams Realty Sonoran Living

    (480) 948-3338

    17 Total Sales

    Michael Bolerjack
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6360980

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-188

Arizona Maricopa County Mesa 85203 Mesa Patios

853 E Fountain St, 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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