$473,000
SOLD MAR 6, 2020

860 E Brown Rd Unit 13 Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
4,042 Sq Ft
3,790 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

2% Below List Price

13 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2022

PROFESSIONALY MANAGED UNITS! GROSS CAP 8.33%
100% Occupied and good paying tenants! Units are designed so that tenants are never above/beneath one another. Each unit has a 1 car garage. Community has a pool/laundromat. Unit 13 is a single level 3 bedroom & 2 full baths with inside laundry & covered patio. Units 14,15 & 16 are 2 bed 2 bath. GREAT INVESTMENT! Fantastic North Mesa Location close to everything! These units rent fast and you can bump the rent up next time around. Talk to listing agent for details. See DOCUMENTS TAB for recent UNIT annual inspection reports including photos. ALSO 2018 NOI 1099 Statement. Fresh NEW Exterior paint, also has security doors and windows this is the best looking building in the complex!! DRIVE BY!!

Last Agent to Sell the Property

Kevin Wilson

Stratton Vantage Property Management License #SA647388000 Listed on: 01/04/2020

Last Buyer's Agent

Lisa Miguel

West USA Realty License #SA568277000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,516

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

  • Mesa Academy For Advanced Studies Elementary And Middle School
  • Westview High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • Tax Lot 14
  • Assessor Parcel Number 137-09-334

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3804
  • Sun Gardens Replat Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,468
  • Net Operating Income $28,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,516

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Brown and Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RU-1
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2019
  • Directions: West on Stapley. Property is on north side of street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Garage Details: Yes
  • Parking:Free: 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, Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Heated Pool(s)

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Heated Pool(s): Yes

Schools

  • Elementary School: Mesa Academy For Advanced Studies
  • High School: Westview High School
  • Middle Or Junior School: Mesa Academy For Advanced Studies

Lot Info

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

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 2800.0
  • Property Net Operating Income: 28148.0
  • Annual Operating Expense: 11468.0
  • Vacancy Allowance Rate: 1500.0

Tax Info

  • Tax Annual Amount: 1516.0
  • 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
13
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
3.29%
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
11.65%
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
9.62%
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 Type Sale Price Title Company
Special Warranty Deed -- --
Warranty Deed $760,000 Great American Title
Warranty Deed -- Accommodation
Warranty Deed -- Wfg National Title Ins Co
Warranty Deed -- Wfg National Title Insurance C
Warranty Deed -- None Available
Warranty Deed $485,000 Premier Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $385,000 Clear Title Agency Of Az Llc
Warranty Deed $249,000 Fidelity Natl Title Agency
Interfamily Deed Transfer -- Fidelity Natl Title Agency
Warranty Deed $230,000 Security Title Agency
Cash Sale Deed $157,500 American Title Service Agenc
Warranty Deed $450,000 --
Warranty Deed $150,000 First Southwestern Title
Joint Tenancy Deed $123,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 New Conventional
Previous Owner $366,750 New Conventional
Previous Owner $366,750 New Conventional
Previous Owner $363,750 New Conventional
Previous Owner $384,000 VA
Previous Owner $245,680 FHA
Previous Owner $244,489 FHA
Previous Owner $244,489 FHA
Previous Owner $225,834 FHA
Previous Owner $119,000 New Conventional
Previous Owner $360,000 Negative Amortization
Previous Owner $221,800 Unknown
Previous Owner $41,587 Stand Alone Second
Previous Owner $135,000 New Conventional
Previous Owner $92,000 New Conventional
Closed $45,000 No Value Available
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: 6019697

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-334