NOT LISTED FOR SALE

860 E Brown Rd Unit 45 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $853,000 - $872,000

4 Beds
8 Baths
4,478 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $734,000 $164 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,993/month

74 Days on Market

Highlights

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

About This Home

As of February 2023

Back on market on 12/9. Great opportunity to add this to your portfolio. Highly coveted E Brown Rd - Fourplex. Unique design. Excellent Unit mix. (3) 2 beds - 1.5baths (1) 3 bed 2bath unit mix. Tenants pay all utilites. 5.43 Cap on Actuals. Possible value add opportunity with renovations and 7-10% annual rental bumps. Beautiful amenties, two car garage for two units, pool. In unit washer and dryer.

Last Agent to Sell the Property

Daniel Papin

W and Partners, LLC License #SA684875000 Listed on: 11/06/2022

Co-Listed By

Brandon Wendt

W and Partners, LLC License #SA641784000

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

  • $1,718

Year Built

  • Built in 1980

Lot Details

  • 3,790

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 137-09-325

Community Details

Overview

  • 4 Units
  • Building Dimensions are n/a
  • Sun Gardens Replat Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $9,289
  • Gross Income $49,200
  • Net Operating Income $39,911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,718

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Brown & Mesa Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: rm-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2022
  • Directions: Take the 202 E out of Phoenix. Exit McKellips East to Mesa Dr. South on Mesa Dr to Brown. East on Brown to 860 E.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: wandp001
  • Co List Office Phone: 602-828-5767
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free
  • 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
  • Parking Features:Garage: 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:Green Landscaping: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: n/a
  • Additional Parcels: No
  • Parcel #: 137-09-325

Multi Family

  • Owner Pays: Other, None
  • Number Of Units Total: 4
  • Annual Gross Income: 49200.0
  • Insurance Expense: 1869.0
  • Property Net Operating Income: 39910.6
  • Annual Operating Expense: 9289.4

Tax Info

  • Tax Annual Amount: 1718.0
  • Tax Book Number: 137.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2022
Closed on
Feb 27, 2023
Sold by
Tran Michael Huy
Bought by
Mckeon John
Seller's Agent
Daniel Papin
W and Partners, LLC
Buyer's Agent
John McKeon
Better Homes & Gardens Real Estate SJ Fowler
List Price
$735,000
Sold Price
$734,000
Premium/Discount to List
-$1,000
-0.14%
Total Days on Market
74
Views
214
Current Estimated Value
$867,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,667
Avg. Annual Appreciation
7.07%
Original Mortgage
$760,424
Outstanding Balance
$741,491
Interest Rate
6.33%
Mortgage Type
VA
Estimated Equity
$118,509

Purchase Details

Listed on
Apr 4, 2019
Closed on
May 1, 2019
Sold by
Alpha Prime Properties Llc
Bought by
Tran Michael Huy
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Dennis Fedele
Keller Williams Realty East Valley
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
12.13%
Original Mortgage
$356,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2017
Sold by
Lane Justin
Bought by
Lane Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2015
Sold by
Lane Julie A
Bought by
Alpha Prime Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2015
Sold by
Lane Justin
Bought by
Lane Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2015
Sold by
Jd 860 Llc
Bought by
Lane Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Angus Deborah S
Bought by
Angus Deborah S and Barrett James H

Purchase Details

Closed on
May 14, 2008
Sold by
Librizzi Victor
Bought by
Barrett James and Angus Deborah S

Purchase Details

Closed on
Nov 16, 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
$210,000
Interest Rate
7.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 8, 2005
Sold by
Mathis Joe and Mathis Ann
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
$37,500
Interest Rate
5.53%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 3, 1996
Sold by
Wilkins Michael L and Wilkins Terri Miller
Bought by
Diamond Robert W and Diamond Patricia R
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
Mckeon John $734,000 Great American Title Agency
Tran Michael Huy $475,000 Clear Title Agency Of Az
Lane Julie A -- Empire West Title Agency
Lane Julie A -- Empire West Title Agency
Alpha Prime Properties -- Accommodation
Lane Julie A -- Clear Title Agency Of Az
Lane Julie A $250,000 Clear Title Agency Of Az
Angus Deborah S -- None Available
Barrett James $255,000 Chicago Title
Librizzi Victor $427,500 Fidelity National Title Co
Tafolla Juan $375,000 Fidelity National Title
Diamond Robert W $42,000 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeon John $760,424
Previous Owner Tran Michael Huy $416,000
Previous Owner Tran Michael Huy $356,250
Previous Owner Lane Julie A $262,500
Previous Owner Lane Julie A $187,500
Previous Owner Librizzi Victor $210,000
Previous Owner Tafolla Juan $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $734,000 -0.1% $164 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
11/06/2022 11/06/22 For Sale $735,000 0.0% $164 / Sq Ft
11/24/2021 11/24/21 Rented $1,100 0.0% --
11/19/2021 11/19/21 Under Contract -- -- --
11/15/2021 11/15/21 For Rent $1,100 0.0% --
05/06/2019 05/06/19 Sold $475,000 0.0% $106 / Sq Ft
04/04/2019 04/04/19 For Sale $475,000 -- $106 / 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 $1,740 $17,723 -- --
2024 $1,754 $16,879 -- --
2023 $1,754 $64,920 $12,980 $51,940
2022 $1,718 $47,770 $9,550 $38,220
2021 $1,738 $41,680 $8,330 $33,350
2020 $1,716 $35,730 $7,140 $28,590
2019 $1,603 $30,150 $6,030 $24,120
2018 $1,539 $22,630 $4,520 $18,110
2017 $1,493 $19,210 $3,840 $15,370
2016 $1,465 $17,820 $3,560 $14,260
2015 $1,377 $15,800 $3,160 $12,640
Source: Public Records

Agents Affiliated with this Home

  • Daniel Papin

    Seller's Agent in 2023

    Daniel Papin

    W and Partners, LLC

    (630) 779-6013

    2 in this area

    44 Total Sales

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  • Brandon Wendt

    Seller Co-Listing Agent in 2023

    Brandon Wendt

    W and Partners, LLC

    (623) 261-2122

    1 in this area

    70 Total Sales

    Brandon Wendt
    Section Image

  • J

    Buyer's Agent in 2023

    John McKeon

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    2 in this area

    6 Total Sales

    John McKeon
    Section Image
  • Azia Coleman

    Seller's Agent in 2021

    Azia Coleman

    Quantum Homes

    (480) 399-2066

    2 in this area

    38 Total Sales

    Azia Coleman
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Alyssa Eddy

    On Q Property Management

    (480) 839-6600

    1 in this area

    19 Total Sales

    Alyssa Eddy
    Section Image

  • A

    Buyer's Agent in 2021

    Adriana Navarrete

    Realty One Group

    (602) 687-0617

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6486413

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-325

Arizona Maricopa County Mesa 85203 Mesa Patios

860 E Brown Rd Unit 45, Mesa, AZ

This home is located at 860 E Brown Rd Unit 45, Mesa, AZ 85203 since 06 November 2022 and is currently estimated at $860,000, approximately $192 per square foot. This property was built in 1980. 860 E Brown Rd Unit 45 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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