NOT LISTED FOR SALE

Estimated Value: $834,123 - $1,078,000

-- Bed
-- Bath
3,979 Sq Ft
$228/Sq Ft Est. Value

Last Sold January 28, 2016

Last sale price $375,000 $94 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $5,146/month

56 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of January 2016

It's a well maintained beauty! Low maintenance desert landscaping! All 4 units have been remodeled! All 4 HVAC units have been replaced-3 in the last 2 years. Roofs were foamed in 2013! Newer HWTs & appliances! Built in microwaves & glass top stoves! Double sided fridges w/ice & water on the door! All units have filtered water at the kitchen sink! All units come w/a washer & dryer. 3 units are tile throughout/4th is tile & berber. Rents are excellent & turnover is very low! It just doesn't get much better! Rents: 101 (3 bed/2 bath w/garage) $1025, 102 (2 bed/2 bath w/fenced rear yard) $795, 201 (2 bed/2 bath) $745 and 202 (2/2) $745. Adjacent building just sold for $382K in 8/2015 (Freddie/Fannie loan) & this property is superior! Buyer to verify all items during the due diligence period. There are 4 carport spaces (one per unit), one garage space for unit 101 and an extra uncovered space for 102. Seller is married to listing agent. Seller is a licensed Real Estate Agent in the State of Arizona. Seller prefers to sell with 960 N Revere - see MLS # (5351761).

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/20/2015

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Ann Adams

Ann Adams And Associates Realty, LLC License #BR544176000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,905

Year Built

  • Built in 1984

Lot Details

  • 8,451

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 1 Open Parking Space
  • 6 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 135-17-302

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Heritage Estates Lot 1 15 Subdivision

Building Details

  • Operating Expense $10,547
  • Gross Income $37,894
  • Net Operating Income $27,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,905

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Alma School/Rio Salado
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2015
  • Directions: East to Revere, North to building near middle of block on West side of street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: HERITAGE ESTATES LOT 1-15
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Other (See Remarks), Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4200.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 135-17-302

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 37893.6
  • Insurance Expense: 1279.0
  • Maintenance Expense: 1780.0
  • Property Net Operating Income: 27347.0
  • Annual Operating Expense: 10547.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1905.0
  • Tax Book Number: 135.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2020
Sold by
Anbar Ada
Bought by
Jrzynn 930 Llc
Current Estimated Value
$907,531

Purchase Details

Listed on
Oct 20, 2015
Closed on
Jan 22, 2016
Sold by
Kaipainen Lois
Bought by
Anbar Ada
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Ann Adams
Ann Adams And Associates Realty, LLC
List Price
$389,000
Sold Price
$375,000
Premium/Discount to List
-$14,000
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$281,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2012
Sold by
Kaipainen Lloyd
Bought by
Kaipainen Lois

Purchase Details

Closed on
Oct 12, 2007
Sold by
Haskew William O
Bought by
Kaipainen Lloyd and Kaipainen Lois

Purchase Details

Closed on
Nov 18, 2005
Sold by
Kramer Lois
Bought by
Haskew William O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,500
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Palmer Scott R
Bought by
Kramer Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,710
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2002
Sold by
Palmer Heather A
Bought by
Palmer Scott R

Purchase Details

Closed on
Jun 5, 2002
Sold by
Annjames Llc
Bought by
Palmer Scott R

Purchase Details

Closed on
Mar 22, 2002
Sold by
Chase James W
Bought by
Annjames Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
6.84%

Purchase Details

Closed on
Sep 27, 1999
Sold by
Chase James W and Chase Ann Marie
Bought by
Annjames Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 1999
Sold by
A R E
Bought by
Chase James W and Chase Ann Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 1997
Sold by
Nishnick J William and Famiglietti Bernard L
Bought by
A R E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.54%
Source: Public Records

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
Jrzynn 930 Llc -- None Available
Anbar Ada $375,000 Chicago Title Agency Inc
Kaipainen Lois -- Accommodation
Kaipainen Lloyd $420,000 Chicago Title Co
Haskew William O $455,000 Arizona Title Agency Inc
Kramer Lois $290,000 Capital Title Agency Inc
Palmer Scott R -- First American Title Ins Co
Palmer Scott R -- First American Title Ins Co
Annjames Llc -- North American Title Co
Chase James W -- North American Title Co
Annjames Llc -- Grand Canyon Title Agency In
Chase James W $195,000 Grand Canyon Title Agency In
A R E $183,500 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anbar Ada $281,250
Previous Owner Haskew William O $318,500
Previous Owner Kramer Lois $202,710
Previous Owner Chase James W $183,200
Previous Owner Chase James W $175,500
Previous Owner A R E $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2016 01/28/16 Sold $375,000 -3.6% $94 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $389,000 -- $98 / 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 $2,406 $24,514 -- --
2024 $2,426 $23,347 -- --
2023 $2,426 $62,010 $12,400 $49,610
2022 $2,376 $50,810 $10,160 $40,650
2021 $2,405 $46,050 $9,210 $36,840
2020 $2,373 $43,180 $8,630 $34,550
2019 $2,218 $36,330 $7,260 $29,070
2018 $2,128 $32,600 $6,520 $26,080
2017 $2,065 $20,250 $4,050 $16,200
2016 $2,026 $19,330 $3,860 $15,470
2015 $1,905 $17,400 $3,480 $13,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5351338

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-302