NOT LISTED FOR SALE

860 E Brown Rd Unit 13 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $785,988 - $913,000

9 Beds
-- Bath
4,042 Sq Ft
$210/Sq Ft Est. Value

Last Sold February 07, 2022

Last sale price $760,000 $188 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,634/month

1 Day on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Heat Pump System

About This Home

As of February 2022

Exceptional, well-maintained long-term rental investment opportunity just minutes from downtown Mesa. 100% occupied and the tenants pay all of their own utilities! Great floorplan - One single-level unit with 3 bedrooms & 2 baths. Two ''townhome'' style units that are 2 bedrooms with 1.5 baths, and a third 2 bedroom & 1.5 bath unit above the garage for a total of 9 bedrooms! The 3 bedroom unit and the 2 bedroom unit above the garage have separate washer/dryer hookups. Community pool, garage parking, private patios, and you don't have to worry about the landscaping. It is rare to find a 4-plex that is this easy!

Last Agent to Sell the Property

Tyler Nick

McMath Realty LLC License #SA650467000 Listed on: 01/04/2022

Last Buyer's Agent

John McKeon

Better Homes & Gardens Real Estate SJ Fowler License #SA639978000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 1980

Lot Details

  • 3,790

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 137-09-334

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3804 Sq. Ft.
  • Sun Gardens Replat Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $12,746
  • Gross Income $47,461
  • Net Operating Income $35,194

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,644

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Brown & Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2021
  • Directions: West on Brown, North at first turn into Sun Gardens complex. 4-plex is located near the Southeast corner of the complex - Building 14, units 13-16.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2650.0
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • 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 Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Master Meter
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 3804 Sq. Ft.
  • Additional Parcels: No
  • Parcel #: 137-09-334

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 47460.6
  • Insurance Expense: 1700.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 35194.0
  • Annual Operating Expense: 12746.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1644.0
  • Tax Book Number: 137.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2022
Sold by
Mckeon John
Bought by
Exoproperty Llc
Total Days on Market
1
Current Estimated Value
$847,247

Purchase Details

Listed on
Jan 4, 2022
Closed on
Jan 21, 2022
Sold by
Dwell Different Llc
Bought by
Mckeon John
Seller's Agent
Tyler Nick
McMath Realty LLC
Buyer's Agent
John McKeon
Better Homes & Gardens Real Estate SJ Fowler
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%
Original Mortgage
$600,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2021
Sold by
Buyze Evan Michael and Buyze Gilda Joan
Bought by
Dwell Different Llc

Purchase Details

Closed on
Apr 12, 2021
Sold by
Dwell Different Llc
Bought by
Buyze Evan Michael and Buyze Gilda Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2021
Sold by
Dwell Different Llc
Bought by
Buyze Evan Michael and Buyze Gilda Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 4, 2020
Closed on
Mar 13, 2020
Sold by
Buyze Evan Michael and Buyze Gilda Joan
Bought by
Dwell Different Llc
Seller's Agent
Kevin Wilson
Stratton Vantage Property Management
Buyer's Agent
Lisa Miguel
West USA Realty
List Price
$485,000
Sold Price
$473,000
Premium/Discount to List
-$12,000
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$363,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 4, 2020
Closed on
Feb 3, 2020
Sold by
Solomon Capital International Llc
Bought by
Buyze Evan Michael and Buyze Gilda Joan
Seller's Agent
Kevin Wilson
Stratton Vantage Property Management
Buyer's Agent
Lisa Miguel
West USA Realty
List Price
$485,000
Sold Price
$473,000
Premium/Discount to List
-$12,000
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2017
Sold by
Cherry Christopher M
Bought by
Solomon Capital International Llc

Purchase Details

Closed on
Mar 17, 2017
Sold by
Solomon Capital International Llc
Bought by
Cherry Christopher M

Purchase Details

Listed on
May 4, 2016
Closed on
Dec 23, 2016
Sold by
Cherry Christopher M
Bought by
Solomon Capital International Llc
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jacob Cohen
Apex Realty, LLC
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%
Original Mortgage
$384,000
Interest Rate
3.42%
Mortgage Type
VA

Purchase Details

Listed on
May 4, 2016
Closed on
Nov 16, 2016
Sold by
Stapley Shane R
Bought by
Cherry Christopher M
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jacob Cohen
Apex Realty, LLC
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3.42%
Mortgage Type
VA

Purchase Details

Listed on
Jul 16, 2015
Closed on
Aug 13, 2015
Sold by
Colmenares Natalia and Guzman Jonathan
Bought by
Stapley Shane R
Seller's Agent
German Pardo
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Curtis Johnson
eXp Realty
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.52%
Original Mortgage
$244,489
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2014
Sold by
Stapley Angeleen
Bought by
Stapley Shane R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,489
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 2014
Sold by
Hull Jeffrey P
Bought by
Colmenares Natalia and Guzman Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,489
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 2012
Sold by
Tanaka Tyson
Bought by
Hull Jeffrey P

Purchase Details

Closed on
Oct 3, 2005
Sold by
Krauth Charles
Bought by
Tanaka Tyson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 30, 1998
Sold by
Bear John H and Bear Sandra Jean
Bought by
Diamond Robert W and Diamond Patricia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 1996
Sold by
Charts George
Bought by
Diamond Robert W and Diamond Patricia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
8.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Exoproperty Llc -- --
Mckeon John $760,000 Great American Title
Dwell Different Llc -- Accommodation
Buyze Evan Michael -- Wfg National Title Ins Co
Buyze Evan Michael -- Wfg National Title Insurance C
Dwell Different Llc -- None Available
Buyze Evan Michael $485,000 Premier Title Agency
Solomon Capital International Llc -- None Available
Cherry Christopher M -- None Available
Solomon Capital International Llc -- None Available
Cherry Christopher M $385,000 Clear Title Agency Of Az Llc
Stapley Shane R $249,000 Fidelity Natl Title Agency
Stapley Shane R -- Fidelity Natl Title Agency
Colmenares Natalia $230,000 Security Title Agency
Hull Jeffrey P $157,500 American Title Service Agenc
Tanaka Tyson $450,000 --
Diamond Robert W $150,000 First Southwestern Title
Diamond Robert W $123,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckeon John $600,000
Previous Owner Buyze Evan Michael $366,750
Previous Owner Buyze Evan Michael $366,750
Previous Owner Buyze Evan Michael $363,750
Previous Owner Cherry Christopher M $384,000
Previous Owner Stapley Shane R $245,680
Previous Owner Stapley Shane R $244,489
Previous Owner Stapley Shane R $244,489
Previous Owner Colmenares Natalia $225,834
Previous Owner Hull Jeffrey P $119,000
Previous Owner Tanaka Tyson $360,000
Previous Owner Mcentire Kim W $221,800
Previous Owner Mcentire Kim W $41,587
Previous Owner Diamond Robert W $135,000
Previous Owner Diamond Robert W $92,000
Closed Tanaka Tyson $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2022 02/07/22 Sold $760,000 +1.3% $188 / Sq Ft
01/05/2022 01/05/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $750,000 0.0% $186 / Sq Ft
06/01/2020 06/01/20 Rented $1,095 0.0% --
05/18/2020 05/18/20 Under Contract -- -- --
05/11/2020 05/11/20 For Rent $1,095 0.0% --
05/07/2020 05/07/20 Under Contract -- -- --
05/05/2020 05/05/20 For Rent $1,095 0.0% --
03/06/2020 03/06/20 Sold $473,000 -2.5% $117 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
01/06/2020 01/06/20 Pending -- -- --
01/04/2020 01/04/20 For Sale $485,000 +26.0% $120 / Sq Ft
11/18/2016 11/18/16 Sold $385,000 -3.5% $95 / Sq Ft
06/07/2016 06/07/16 For Sale $399,000 +3.6% $99 / Sq Ft
05/19/2016 05/19/16 Off Market $385,000 -- --
05/03/2016 05/03/16 For Sale $399,000 +60.2% $99 / Sq Ft
08/28/2015 08/28/15 Sold $249,000 0.0% $62 / Sq Ft
07/17/2015 07/17/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $249,000 0.0% $62 / Sq Ft
06/10/2013 06/10/13 Rented $699 0.0% --
06/05/2013 06/05/13 Under Contract -- -- --
05/20/2013 05/20/13 For Rent $699 -- --
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 $1,645 $16,763 -- --
2024 $1,659 $15,965 -- --
2023 $1,659 $63,320 $12,660 $50,660
2022 $1,625 $46,580 $9,310 $37,270
2021 $1,644 $40,660 $8,130 $32,530
2020 $1,623 $34,850 $6,970 $27,880
2019 $1,516 $28,780 $5,750 $23,030
2018 $1,455 $21,330 $4,260 $17,070
2017 $1,412 $18,110 $3,620 $14,490
2016 $1,386 $16,780 $3,350 $13,430
2015 $1,302 $15,100 $3,020 $12,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6337696

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-334