$475,000
SOLD MAY 6, 2019

860 E Brown Rd Unit 45 Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
4,478 Sq Ft
3,790 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

2 Days on Market

Highlights

  • Heated Spa
  • Resident Manager or Management On Site
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Central Air

About This Home

As of February 2023

PERFECT 4-PLEX SET UP! This can also be sold with a neighboring 4-plex in the same community for the same price (also listed for sale but different owners). Units are designed so that tenants are never above/beneath one another. Building has just been renovated inside and out. This is 1 of 2 buildings in the entire complex in which the owner has put washer/dryer hook-ups into all 4 units. Each tenant has a 1 car garage, units have private patios, all units are sub-metered for water (so that tenants may be charged direct). Community has a pool/laundromat. Unit 45 is a single level 3 bedroom & 2 full baths with inside laundry & covered patio - $1150 rent. Unit 46 is a two story unit which includes 2 bedrooms 1.50 bath & covered patio - $950 rent. Unit 47 is single story with 2 bedrooms & 1.50 baths and includes inside laundry - rent is $900. Unit 48 is a two story with 2 bedrooms & 1.50 baths - rent is $900. HOA is $396/month, water is ~$200/month, taxes are $1455/year. Tenants pay electric. Community and unit floor plans and maps are attached. Community rents are as high as $1350 for 3 bed units and $1150 for 2 bed units. See documents tab for all available financial.

Last Agent to Sell the Property

Jason Bingham

Distinguished Properties License #BR528229000 Listed on: 04/04/2019

Last Buyer's Agent

Dennis Fedele

Keller Williams Realty East Valley License #BR543917000

Keller Williams Realty East Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Pool

  • Heated Spa

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

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

Recreation

  • Heated Community Pool

Additional Features

  • Operating Expense $3,120
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,740

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
  • Year Built: 1980
  • Tax Year: 2016
  • Directions: WEST TO 860 EAST BROWN, NORTH INTO COMPLEX
  • Road Surface Type: Asphalt
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • 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 Spa(s), Heated Pool(s), Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Community Amenities:Heated Spa(s): Yes
  • Community Amenities:Heated Pool(s): Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 3804
  • Additional Parcels: No
  • Parcel #: 137-09-325

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3120.0

Tax Info

  • 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%
Views
214
Current Estimated Value
$874,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,000
Avg. Annual Appreciation
6.46%
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

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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
Warranty Deed $734,000 Great American Title Agency
Warranty Deed $475,000 Clear Title Agency Of Az
Interfamily Deed Transfer -- Empire West Title Agency
Quit Claim Deed -- Empire West Title Agency
Quit Claim Deed -- Accommodation
Interfamily Deed Transfer -- Clear Title Agency Of Az
Warranty Deed $250,000 Clear Title Agency Of Az
Interfamily Deed Transfer -- None Available
Cash Sale Deed $255,000 Chicago Title
Cash Sale Deed $427,500 Fidelity National Title Co
Warranty Deed $375,000 Fidelity National Title
Warranty Deed $42,000 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,424 VA
Previous Owner $416,000 New Conventional
Previous Owner $356,250 New Conventional
Previous Owner $262,500 New Conventional
Previous Owner $187,500 New Conventional
Previous Owner $210,000 Unknown
Previous Owner $37,500 Credit Line Revolving
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5906218

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-325