Seller's Agent in 2020
Robert Towne
Better Homes & Gardens Real Estate SJ Fowler
(602) 570-8605
1 in this area
18 Total Sales
960 E University Dr Mesa, AZ 85203
Mesa Patios NeighborhoodEstimated Value: $637,000 - $1,543,105
--
Bed
4
Baths
1,852
Sq Ft
$514/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Franklin at Brimhall Elementary School Rated A
About This Home
As of October 2020This is your chance to own 9 large 2 bed 2 bath units in Mesa with great visibility on University.Located on a large corner lot with covered parking and a common court yard. This property was bought in 1996 and the former owner took great pride in his property. Most of the units have been remodeled with new flooring,Cabinets,fixtures, paint,Tubs, appliances, raised panels doors Ect. This property also features a large laundry room with lockable storage areas for the tenants and leased coin operated washers and dryers for tenant convenience as well as added income for the owner. With most of the tenants being log term and month to month you have options and a lot of room to raise the rent to today's market. A second parcel 137-06-044 is included in sale. Click on the MORE INFO TAB! The current rents range from $775.00-$975.00. These large 2 bed 2 bath units could easily rent between $1000.00-$1100.00 in today's market. Owner pays water,sewer,trash. Tenant pays for electric,cable.
Buyer to verify all Information as facts and figures are approximate.
Drive by only do not disturb tenants.
See attachment's below for some unit pictures, floor plans and financial information
Last Listed By
Better Homes & Gardens Real Estate SJ Fowler License #SA528694000 Listed on: 09/14/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,014
Year Built
- Built in 1961
Lot Details
- 10,803
Home Design
- Brick Exterior Construction
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 2 Open Parking Spaces
- 11 Parking Spaces
- 9 Covered Spaces
- Common or Shared Parking
- On-Street Parking
- Assigned Parking
Schools
- Edison Elementary School
- Kino Junior High School
- Westwood High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
Additional Features
- Ceiling Fan
- Additional Parcels
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Assessor Parcel Number 137-06-106
Community Details
Overview
- 2 Buildings
- 9 Units
- Building Dimensions are 142.17x 175.58
- Compton Estates Lot 1 12 Tr A Subdivision
Building Details
- Operating Expense $25,218
- Gross Income $113,775
- Net Operating Income $93,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2020
Closed on
Oct 9, 2020
Sold by
Dale Ridd Revocable Trust
Bought by
Excel Capital Llc
Seller's Agent
Robert Towne
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
R. Brent Petersen
Petersen Realty
List Price
$1,350,000
Sold Price
$1,120,000
Premium/Discount to List
-$230,000
-17.04%
Total Days on Market
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,474
Avg. Annual Appreciation
-3.10%
Purchase Details
Closed on
Jan 29, 1997
Sold by
Ridd Dale and Ridd Marta L
Bought by
Ridd Properties Llc
Purchase Details
Closed on
Oct 28, 1994
Sold by
Baecker Grant R and Baecker Carolyn J
Bought by
G B Cardinal Co
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
8.91%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Excel Capital Llc | $1,120,000 | Great American Title | |
| Ridd Properties Llc | -- | -- | |
| G B Cardinal Co | -- | United Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | G B Cardinal Co | $147,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2020 10/23/20 | Sold | $1,120,000 | -17.0% | $605 / Sq Ft |
| 09/14/2020 09/14/20 | For Sale | $1,350,000 | -- | $729 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,225 | $12,482 | -- | -- |
| 2024 | $1,235 | $11,887 | -- | -- |
| 2023 | $1,235 | $47,470 | $13,420 | $34,050 |
| 2022 | $1,210 | $34,910 | $9,870 | $25,040 |
| 2021 | $1,224 | $28,520 | $8,060 | $20,460 |
| 2020 | $1,209 | $25,510 | $7,210 | $18,300 |
| 2019 | $1,129 | $21,690 | $6,130 | $15,560 |
| 2018 | $1,084 | $19,570 | $5,530 | $14,040 |
| 2017 | $1,051 | $15,370 | $4,340 | $11,030 |
| 2016 | $1,032 | $14,960 | $4,230 | $10,730 |
| 2015 | $970 | $13,880 | $3,920 | $9,960 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Towne
-
R. Brent Petersen
R
Buyer's Agent in 2020
R. Brent Petersen
Petersen Realty
(602) 410-0228
1 in this area
380 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6131862
APN: 137-06-106
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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