NOT LISTED FOR SALE

Estimated Value: $742,892 - $906,000

-- Bed
-- Bath
3,566 Sq Ft
$237/Sq Ft Est. Value

Last Sold July 19, 2022

Last sale price $780,000 $219 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,878/month

10 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2022

Fabulous 4 Plex with all 2 BR, 2 BA homes - Each unit has a covered parking space and interior full size washer dryer - The property has much updating the past few years although one could use some paint and carpet. Separately metered, owner pays water sewer and trash. Located by Mesa Riverview Shopping Center, close to the 101 and Tempe Marketplace - Chicago Cubs training fields and Riverview Park are close too

Last Listed By

Burton Cagen

Realty Executives License #SA017956000 Listed on: 04/29/2022

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,244

Year Built

  • Built in 1984

Lot Details

  • 8,451

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 135-17-306

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8448 Sq Ft
  • Heritage Estates Subdivision

Building Details

  • Operating Expense $6,469
  • Gross Income $43,845
  • Net Operating Income $37,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,244

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Alma School and Rio Salado
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2021
  • Directions: West on Rio Salado - North on Revere *** PLEASE DO NOT DISTURB TENANTS ***
  • Road Surface Type: Asphalt, Private Street
  • Professional Management Expense: 3595.0
  • Subdivision Name: HERITAGE ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Built-Up, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • 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:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 8448 Sq Ft
  • Additional Parcels: No
  • Parcel #: 135-17-306

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 43845.12
  • Property Net Operating Income: 37376.12
  • Annual Operating Expense: 6469.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 2244.0
  • Tax Book Number: 135.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2023
Sold by
Plank Kent
Bought by
4621 Caballero Llc
Total Days on Market
10
Current Estimated Value
$846,223

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 8, 2022
Sold by
Revere Llc
Bought by
Plank Kent
Seller's Agent
Burton Cagen
Realty Executives
Buyer's Agent
Burton Cagen
Realty Executives
List Price
$750,000
Sold Price
$780,000
Premium/Discount to List
$30,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.63%
Original Mortgage
$390,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2015
Sold by
Cagen Robert A and Cagen Anne D
Bought by
Revere Llc

Purchase Details

Listed on
Mar 2, 2015
Closed on
Jul 25, 2015
Sold by
Freedom 25 Llp
Bought by
Cagen Robert A and Cagen Anne D
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Burton Cagen
Realty Executives
List Price
$329,000
Sold Price
$319,900
Premium/Discount to List
-$9,100
-2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%
Original Mortgage
$194,160
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2014
Closed on
Dec 31, 2013
Sold by
Barrett James H
Bought by
Freedom 25 Llp
Seller's Agent
Donald Jackson Jr
Keller Williams Integrity First
Buyer's Agent
Alan Davis
Homebright
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.52%
Original Mortgage
$122,500
Interest Rate
4.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 3, 2013
Sold by
Vanvanvorce Lynn Van
Bought by
Barrett James H

Purchase Details

Closed on
Jan 31, 2005
Sold by
Reed Bryan
Bought by
Vanvanvorce Lynn Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2004
Sold by
Howell Larry J and Howell Deborah D
Bought by
Reed Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2001
Sold by
Grotte David L and Grotte Kristy K
Bought by
Howell Larry J and Howell Deborah D

Purchase Details

Closed on
Mar 21, 2001
Sold by
Lincoln Trust Company and Pain Barry D
Bought by
Grotte David L and Grotte Kristy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,700
Interest Rate
7.19%
Mortgage Type
Trade

Purchase Details

Closed on
Jun 7, 1995
Sold by
Ruiz Juan D and Ruiz Teresita
Bought by
Lincoln Trust Company and Pain Barry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,526
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 10, 1994
Sold by
Chi Chuan Chi and Chi Soo F
Bought by
Ruiz Juan D and Ruiz Teresita

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
Plank Kent $780,000 Lawyers Title
Revere Llc -- None Available
Cagen Robert A $319,900 Chicago Title Agency Inc
Freedom 25 Llp $245,000 Us Title Agency Llc
Barrett James H $174,000 Lawyers Title Of Arizona Inc
Vanvanvorce Lynn Van $360,000 Fidelity National Title
Reed Bryan $319,900 Fidelity National Title
Howell Larry J -- North American Title Co
Grotte David L $223,000 North American Title Agency
Lincoln Trust Company $175,000 United Title Agency
Ruiz Juan D $169,675 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plank Kent $390,000
Previous Owner Cagen Robert A $194,160
Previous Owner Freedom 25 Llp $122,500
Previous Owner Vanvanvorce Lynn Van $234,000
Previous Owner Reed Bryan $271,915
Previous Owner Grotte David L $200,700
Previous Owner Lincoln Trust Company $15,526
Closed Vanvanvorce Lynn Van $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold $780,000 0.0% $219 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
05/02/2022 05/02/22 Off Market $780,000 -- --
04/28/2022 04/28/22 For Sale $750,000 +134.4% $210 / Sq Ft
08/03/2015 08/03/15 Sold $319,900 -2.8% $90 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $329,000 +34.3% $92 / Sq Ft
01/08/2014 01/08/14 Sold $245,000 -2.0% $69 / Sq Ft
10/31/2013 10/31/13 Pending -- -- --
10/31/2013 10/31/13 For Sale $250,000 +43.7% $70 / Sq Ft
08/15/2013 08/15/13 Sold $174,000 +8.9% $49 / Sq Ft
03/23/2013 03/23/13 Pending -- -- --
03/17/2013 03/17/13 For Sale $159,800 -- $45 / 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 $2,246 $22,878 -- --
2024 $2,264 $21,788 -- --
2023 $2,264 $57,660 $11,530 $46,130
2022 $2,217 $47,270 $9,450 $37,820
2021 $2,244 $43,010 $8,600 $34,410
2020 $2,215 $40,310 $8,060 $32,250
2019 $2,070 $33,750 $6,750 $27,000
2018 $1,986 $30,230 $6,040 $24,190
2017 $1,927 $18,810 $3,760 $15,050
2016 $1,891 $17,950 $3,590 $14,360
2015 $1,778 $16,080 $3,210 $12,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6391041

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-306