$474,900
SOLD JAN 9, 2019

860 E Brown Rd Unit 25 Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
989 Sq Ft
1980 Built

Recently Sold

$480 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • Heated Community Pool
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Cooling Available

About This Home

As of January 2019

Great investment property! Multiple units renovated. New cabinets, counter-tops, appliances, flooring. One three bedroom two bath unit (Renting at $1200), three two bedroom one and a half bath units (Renting at $870, $800, & $775). Two 2-car garages, currently 1 space per tenant. Community Pool. New roof in 2015. All windows replaced with double pane in 2017. Exterior of building painted in 2018. 3 of 4 water heaters replaced in 2016 & 2017. Other owners bill tenants for garage parking and water/sewer, which allows potential additional owner income.

Last Agent to Sell the Property

Sarah Johnson

Bullseye Property Management, LLC License #SA681395000 Listed on: 11/16/2018

Co-Listed By

Angela Johnson

Bullseye Property Management, LLC License #SA646383000

Last Buyer's Agent

Kimberly Anderson

Realty ONE Group License #BR514168000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,455

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water
  • Tax Lot 18
  • Assessor Parcel Number 137-09-338

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3,804
  • Sun Gardens Replat Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $9,001
  • Gross Income $43,740
  • Net Operating Income $36,194

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,455

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Brown & Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2018
  • Directions: Go west on Brown, north at 2nd turn first building on west side as you enter. Community name is Sun Gardens.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: bpml001
  • Co List Office Phone: 480-907-9050
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: BI Oven/Range, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: 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
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Fee Information

  • Annual Water Sewer Expense: 2168.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 3,804
  • Additional Parcels: No
  • Parcel #: 137-09-338

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 43740.0
  • Insurance Expense: 1058.0
  • Property Net Operating Income: 36194.0
  • Annual Operating Expense: 9001.0

Tax Info

  • Tax Annual Amount: 1455.0
  • Tax Book Number: 137.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2020
Sold by
Daniel Anh K
Bought by
Sam Hung T and Sam Daniel Anh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 2020
Sold by
Sam Hung T and Bahiel Anh K
Bought by
Rossmoor Properties 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2018
Closed on
Jan 4, 2019
Sold by
Sam Hung T
Bought by
Daniel Anh K
Seller's Agent
Sarah Johnson
Bullseye Property Management, LLC
Buyer's Agent
Kimberly Anderson
Realty ONE Group
List Price
$474,900
Sold Price
$474,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$332,430
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2014
Closed on
Aug 25, 2014
Sold by
Denver Investments Group Llc
Bought by
Johnson Graham and Johnson Sarah
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Angela Johnson
Bullseye Property Management, LLC
List Price
$195,000
Sold Price
$211,500
Premium/Discount to List
$16,500
8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.33%
Original Mortgage
$158,625
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2014
Sold by
Jared Equities Inc
Bought by
Denver Investrnents Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,800
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 12, 2014
Sold by
Librizzi Victor
Bought by
Jared Equities Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,800
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 8, 2010
Sold by
Vivian Alejandra
Bought by
Gonzalez Pedro

Purchase Details

Closed on
Nov 9, 2005
Sold by
Tafolla Juan
Bought by
Librizzi Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2005
Sold by
Wheelwright Thomas and Wheelwright Rosemary
Bought by
Tafolla Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,700
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $470,000 None Available
Deed -- Security Title Agency Inc
Warranty Deed $474,900 Security Title Agency Inc
Warranty Deed $211,500 Old Republic Title Agency
Warranty Deed $148,500 Old Republic Title Agency
Cash Sale Deed $120,000 None Available
Quit Claim Deed -- Chicago Title
Grant Deed -- Fidelity National Title
Warranty Deed $375,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Closed $200,000 New Conventional
Closed $402,500 No Value Available
Previous Owner $346,000 New Conventional
Previous Owner $332,430 New Conventional
Previous Owner $158,625 New Conventional
Previous Owner $174,800 Unknown
Previous Owner $174,800 Purchase Money Mortgage
Previous Owner $174,800 Unknown
Previous Owner $106,000 Purchase Money Mortgage
Previous Owner $93,700 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $840,000 -4.0% --
06/11/2025 06/11/25 For Sale $875,000 +84.2% --
01/09/2019 01/09/19 Sold $474,900 0.0% $480 / Sq Ft
01/02/2019 01/02/19 For Sale $474,900 0.0% $480 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
11/16/2018 11/16/18 For Sale $474,900 +124.5% $480 / Sq Ft
08/28/2014 08/28/14 Sold $211,500 +8.5% $214 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
06/19/2014 06/19/14 For Sale $195,000 -- $197 / 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 $1,645 $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: 5848267

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-338