NOT LISTED FOR SALE

860 E Brown Rd Unit 5 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $727,000 - $859,000

Studio
-- Baths
4,042 Sq Ft
$198/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2024

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

Est. 2% decrease in value since last sale

Current estimated payment $4,431 / mo

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 $798,908, approximately $197 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

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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

3,790 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2023
Sold by
Tran Michael Huy
Bought by
Current Estimated Value
$780,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,424
Outstanding Balance
$728,877
Interest Rate
6.33%
Mortgage Type
VA
Estimated Equity
$70,031

Purchase Details

Closed on
May 1, 2019
Sold by
Alpha Prime Properties Llc
Bought by
Tran Michael Huy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2017
Sold by
Alpha Prime Properties
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Mesa Patios, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $202 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,748 $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: 6747427

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-336

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