NOT LISTED FOR SALE

860 E Brown Rd Unit 5 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $612,000 - $966,000

-- Bed
-- Bath
4,042 Sq Ft
$191/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $795,000 $197 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,174/month

8 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of September 2024

This home is located at 860 E Brown Rd Unit 5, Mesa, AZ 85203 since 22 August 2024 and is currently estimated at $771,780, approximately $190 per square foot. This property was built in 1980. 860 E Brown Rd Unit 5 is a home located in Maricopa County with nearby schools including Edison Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 08/22/2024

Last Buyer's Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 08/22/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,659

Year Built

  • Built in 1980

Lot Details

  • 3,790

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 16
  • Assessor Parcel Number 137-09-336

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3804

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $15,893
  • Gross Income $61,299
  • Net Operating Income $40,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,659

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1100.0
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Other (See Remarks), Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: 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: Paved Parking, >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:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Submetered System
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 2899.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 3804
  • Additional Parcels: No
  • Parcel #: 137-09-336

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 61299.0
  • Insurance Expense: 4535.0
  • Property Net Operating Income: 40590.0
  • Annual Operating Expense: 15893.0

Tax Info

  • Tax Annual Amount: 1659.0
  • Tax Book Number: 137.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 26, 2024
Sold by
Mills Investment Properties Llc
Bought by
Joshi Nirmal and Joshi Ramona
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$815,000
Sold Price
$795,000
Premium/Discount to List
-$20,000
-2.45%
Views
1
Current Estimated Value
$772,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,393
Avg. Annual Appreciation
-2.31%
Original Mortgage
$795,000
Outstanding Balance
$786,861
Interest Rate
6.49%
Mortgage Type
VA
Estimated Equity
-$15,081

Purchase Details

Closed on
Feb 19, 2014
Sold by
Prestige Worldwide 860 Brown Llc
Bought by
Mills Investment Properties Llc

Purchase Details

Closed on
Jun 2, 2010
Sold by
Laversin Jessica
Bought by
Laversin Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,650
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2010
Sold by
Gonzalez Pedro and Rodriguez Fidel
Bought by
Laversin Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,650
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2009
Sold by
Rodriguez Fidel S and Gonzalez Pedro
Bought by
Vivian Alejandra

Purchase Details

Closed on
Jan 9, 2006
Sold by
Krauth Charles D
Bought by
Gonzalez Pedro and Rodriguez Fidel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2003
Sold by
Mcentire Kim W
Bought by
Krauth Kenneth M and Krauth Lois J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joshi Nirmal $795,000 Title Services Of The Valley
Mills Investment Properties Llc $218,000 First American Title Ins Co
Laversin Kenneth -- Chicago Title
Laversin Kenneth $144,900 Chicago Title
Vivian Alejandra -- None Available
Gonzalez Pedro $435,000 Stewart Title & Trust Of Pho
Krauth Kenneth M $310,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joshi Nirmal $795,000
Previous Owner Laversin Kenneth $108,650
Previous Owner Laversin Kenneth $108,650
Previous Owner Gonzalez Pedro $348,000
Previous Owner Krauth Kenneth M $232,500
Closed Gonzalez Pedro $43,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $795,000 -2.5% $197 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $815,000 0.0% $202 / Sq Ft
09/23/2014 09/23/14 Rented $750 0.0% --
09/23/2014 09/23/14 Under Contract -- -- --
09/13/2014 09/13/14 For Rent $750 -- --
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 $1,654 $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: 6747427

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-336