NOT LISTED FOR SALE

Estimated Value: $745,456

Studio
-- Bath
3,566 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: January 28, 2016

Last sale price $375,000 $105 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,277 / mo

56 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Individual Controls for Heating

About This Home

As of January 2016

Here's another well maintained beauty! All 4 units have been remodeled - 3 with tile throughout and 1 with tile and berber carpet! All 4 HVACs replaced 2 years ago. Roofs were foamed in 2013. Newer HWTs and appliances. Built in microwaves and glass top stoves. Double sided fridges with ice and water on the door - many units have filtered water at the kitchen sink too! All units come with a washer/dryer. We have 5 garage spaces - one for each unit + one extra space that rents for $50 a month! Rents are excellent and turnover is minimal! Rents: 101 - $758.04 2 bed/2 bath (rent would be 795 plus tax but this tenant did not want the garage - so landlord is using for storage), 102 $808.91 2 bed/2 bath with a private fenced yard and garage, 201 $758.04 2 bed/2 bath with garage, 202 $763.13 2 bed/2 bath with garage. Buyer to verify all items during due diligence period. Seller is a licensed Real Estate Agent in the state of Arizona - listing agent is married to seller. Seller prefers to sell with 930 N Revere MLS # (TBD).

Last Agent to Sell the Property

Lloyd Kaipainen

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

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Ann Adams

Ann Adams And Associates Realty, LLC License #BR544176000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,776

Year Built

  • Built in 1984

Lot Details

  • 8,407

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 7 Open Parking Spaces
  • 12 Parking Spaces
  • 5 Covered Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 135-17-297

Community Details

Overview

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

Building Details

  • Operating Expense $9,397
  • Gross Income $35,215
  • Net Operating Income $25,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,776

Year Built

Built in 1984

Lot Details

8,407 Sq Ft Lot

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
  • 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, Compactor, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Compactor2: 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: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 12.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3300.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 135-17-297

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 35214.6
  • Insurance Expense: 1205.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 25818.0
  • Annual Operating Expense: 9397.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1776.0
  • Tax Book Number: 135.00
  • Tax Lot: 1

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
Mar 31, 2020
Sold by
Bought by
Current Estimated Value
$745,456

Purchase Details

Listed on
Oct 20, 2015
Closed on
Jan 22, 2016
Sold by
Bought by
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
6.71%
Original Mortgage
$281,250
Outstanding Balance
$104,292
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$641,164

Purchase Details

Closed on
Aug 30, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$375,000 Chicago Title Agency Inc
-- Accommodation
$420,000 Chicago Title Insurance Co
$420,000 Title Guaranty Agency Of Az
$232,000 First American Title
$185,000 Chicago Title Insurance Co
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 $281,250
Previous Owner $292,500
Previous Owner $185,600
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
01/28/2016 01/28/16 Sold $375,000 -3.6% $105 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $389,000 -- $109 / 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 $2,255 $22,859
2024 $2,262 $21,770
2023 $2,262 $57,620 $11,520 $46,100
2022 $2,215 $47,250 $9,450 $37,800
2021 $2,242 $42,970 $8,590 $34,380
2020 $2,213 $40,270 $8,050 $32,220
2019 $2,068 $33,720 $6,740 $26,980
2018 $1,985 $30,220 $6,040 $24,180
2017 $1,925 $18,800 $3,760 $15,040
2016 $1,890 $17,950 $3,590 $14,360
2015 $1,776 $16,080 $3,210 $12,870
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5351761

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-297

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