NOT LISTED FOR SALE

860 E Brown Rd Unit 29 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $796,000 - $1,045,000

-- Bed
4 Baths
800 Sq Ft
$1,099/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $815,000 $1,019 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,779/month

14 Days on Market

Highlights

  • Heated Pool
  • Resident Manager or Management On Site
  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of July 2024

4 units located in the Central Mesa Submarket of Mesa, AZ. Originally built in 1980, this property has a unique mix of (3) large 2+1.5 units and (1) 3+2 unit. unit, and sits within the Sun Gardens Apartments HOA that features a community pool. Current average rents sit at $1,425/unit, and there is room to push them closer to market. Each unit is also sub-metered for water, that allows new ownership the opportunity to bill tenants directly for water. HOA fee is $475/month and they cover expenses including trash service and common area maintenance. Just a few miles from the asset are attractions such as the Oakland A's Spring Training facility, Mesa Country Club, and Mesa Riverview shopping center.

CONTACT AGENT FOR COPY OF OM

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 06/05/2024

Last Buyer's Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 06/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,625

Year Built

  • Built in 1980

Lot Details

  • 3,790

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking

Pool

  • Heated Pool

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 137-09-321

Community Details

Overview

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

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,405
  • Gross Income $68,400

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,625

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: BROWN & STAPLEY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Heated Pool(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Community Features:Pool2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, 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:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes

Fee Information

  • Annual Water Sewer Expense: 2508.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 3804
  • Additional Parcels: No
  • Parcel #: 137-09-321

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 68400.0
  • Insurance Expense: 1572.0
  • Annual Operating Expense: 11405.0

Tax Info

  • Tax Annual Amount: 1625.0
  • Tax Book Number: 137.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Jul 19, 2024
Sold by
Cabrera Michael and Cabrera Andrea
Bought by
Vanderford Tei
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$850,000
Sold Price
$815,000
Premium/Discount to List
-$35,000
-4.12%
Views
14
Current Estimated Value
$878,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,905
Avg. Annual Appreciation
2.35%
Original Mortgage
$611,250
Outstanding Balance
$607,151
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$230,475

Purchase Details

Closed on
Dec 24, 2021
Sold by
Michalak Bruce E and Michalak Linda I
Bought by
Cabrera Michael and Cabrera Andrea

Purchase Details

Listed on
Jan 9, 2020
Closed on
Jul 6, 2020
Sold by
D9 Investments Llc
Bought by
Michalak Bruce E and Michalak Linda I
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jason Shepherd
SRGC West
List Price
$605,000
Sold Price
$590,000
Premium/Discount to List
-$15,000
-2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$393,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 17, 2019
Closed on
Dec 12, 2019
Sold by
Petersen Paul D and Petersen Raquel
Bought by
Kinghorn Bruce
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.28%
Original Mortgage
$356,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2017
Closed on
Aug 7, 2017
Sold by
Petersen Raquel
Bought by
Petersen Paul
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Raquel Petersen
Gentry Real Estate
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$292,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2004
Sold by
Ainsworth Andrew and Ainsworth Elizabeth
Bought by
Ainsworth Andrew and Ainsworth Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2004
Sold by
Vose Wayne and Vose Susan
Bought by
Ainsworth Andrew and Ainsworth Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2003
Sold by
Continental Realty Fund Xi Llc
Bought by
Vose Wayne and Vose Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,500
Interest Rate
5.75%
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
Vanderford Tei $815,000 Kensington Vanguard National T
Cabrera Michael $700,000 Chicago Title Agency Inc
Michalak Bruce E $590,000 First Integrity Ttl Agcy Of
Kinghorn Bruce $475,000 Clear Title Agency Of Az
Petersen Paul -- Clear Title Agency Of Arizon
Petersen Paul $390,000 Clear Title Agency Of Arizon
Ainsworth Andrew -- --
Ainsworth Andrew $342,000 Security Title Agency
Vose Wayne $277,250 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanderford Tei $611,250
Previous Owner Michalak Bruce E $393,000
Previous Owner Kinghorn Bruce $356,250
Previous Owner Petersen Paul $292,500
Previous Owner Ainsworth Andrew $273,600
Previous Owner Vose Wayne $249,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold $815,000 -4.1% $1,019 / Sq Ft
07/01/2024 07/01/24 Price Changed $850,000 0.0% $1,063 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $850,000 +44.1% $1,063 / Sq Ft
07/07/2020 07/07/20 Sold $590,000 -2.5% $738 / Sq Ft
06/23/2020 06/23/20 Price Changed $605,000 0.0% $756 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $605,000 0.0% $756 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $605,000 +27.4% $756 / Sq Ft
12/16/2019 12/16/19 Sold $475,000 0.0% $594 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
12/02/2019 12/02/19 For Sale $475,000 +21.8% $594 / Sq Ft
08/11/2017 08/11/17 Sold $390,000 0.0% $488 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
08/07/2017 08/07/17 For Sale $390,000 -- $488 / 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

  • Brad Skenderian

    Seller's Agent in 2024

    Brad Skenderian

    Matthews Real Estate Investment Services

    (949) 533-5594

    2 in this area

    15 Total Sales

    Brad Skenderian
    Section Image
  • Jason Bingham

    Seller's Agent in 2020

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    24 Total Sales

    Jason Bingham
    Section Image

  • R

    Buyer's Agent in 2017

    Raquel Petersen

    Gentry Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6715006

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-321

Arizona Maricopa County Mesa 85203 Mesa Patios

860 E Brown Rd Unit 29, Mesa, AZ

This home is located at 860 E Brown Rd Unit 29, Mesa, AZ 85203 since 05 June 2024 and is currently estimated at $878,905, approximately $1,098 per square foot. This property was built in 1980. 860 E Brown Rd Unit 29 is a home located in Maricopa County with nearby schools including Edison Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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