NOT LISTED FOR SALE

Estimated Value: $692,000 - $884,861

Studio
-- Bath
3,570 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $900,000 $252 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,229/month

59 Days on Market

Highlights

  • Brick Veneer
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of June 2024

Exceptional Investment Opportunity....
4 -2 bedroom, 2 bath units approx. 1000 sq. ft each. Completely renovated in 2022 with New Flooring, Cabinetry, Appliances, Countertops and Appliances, New Roof July 2023 and 4 new A/C units. Ready for an owner seeking cash-flow. Drive by only.

Last Agent to Sell the Property

Tammy Knight

On Q Property Management License #SA529233000 Listed on: 03/06/2024

Co-Listed By

Shannon Murphy

On Q Property Management License #SA706798000

Last Buyer's Agent

Shannon Murphy

On Q Property Management License #SA706798000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1988

Lot Details

  • 8,059

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Stevenson Elementary School
  • Desert Ridge Jr. High Middle School
  • Skyline High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 220-40-015

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70 x 115.04
  • Crismon Cove Subdivision

Building Details

  • Operating Expense $11,024
  • Gross Income $71,232
  • Net Operating Income $60,208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,642

Year Built

Built in 1988

Lot Details

8,059 Sq Ft Lot

Listing Details

  • Cross Street: Crismon & Broadway
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1988
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: oqpm001
  • Co List Office Phone: 480-518-9910
  • Subdivision Name: Crismon Cove
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Wood Frame, Siding, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1674.24
  • Annual Water Sewer Expense: 1653.96

Schools

  • Elementary School: Stevenson Elementary School
  • High School: Skyline High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Desert Ridge Jr. High

Lot Info

  • Lot Size: 70 x 115.04
  • Additional Parcels: No
  • Parcel #: 220-40-015

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 71232.48
  • Insurance Expense: 4254.0
  • Property Net Operating Income: 60208.28
  • Annual Operating Expense: 11024.2
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1642.0
  • Tax Book Number: 220.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Jul 12, 2024
Sold by
10E Holdings Llc
Bought by
Parker Marc
Seller's Agent
Tammy Knight
On Q Property Management
Buyer's Agent
Shannon Murphy
On Q Property Management
List Price
$975,000
Sold Price
$900,000
Premium/Discount to List
-$75,000
-7.69%
Views
33
Current Estimated Value
$786,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,035
Avg. Annual Appreciation
-7.51%
Original Mortgage
$675,000
Outstanding Balance
$663,980
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$122,985

Purchase Details

Closed on
Apr 14, 2022
Sold by
Tenney Taylor R
Bought by
10E Holdings Llc

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 5, 2022
Sold by
Jeffrey Tenney
Bought by
Tenney Jeffrey and Tenney Taylor
Seller's Agent
Jason Self
Denali Real Estate, LLC
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$549,000
Sold Price
$576,000
Premium/Discount to List
$27,000
4.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$0
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2021
Closed on
Dec 7, 2021
Sold by
Pedersen Mary
Bought by
Tenney Taylor R and Tenney Jeffrey M
Seller's Agent
Jason Self
Denali Real Estate, LLC
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$549,000
Sold Price
$576,000
Premium/Discount to List
$27,000
4.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2005
Sold by
Kafal Roya
Bought by
Pedersen Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2003
Sold by
West Side Investment Group Inc
Bought by
Kafai Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2003
Sold by
Farhoomand Jafar and Kafai Shahla
Bought by
West Side Investment Group Inc
Source: Public Records
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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
Parker Marc $900,000 Magnus Title Agency
10E Holdings Llc -- None Listed On Document
Tenney Jeffrey -- Pioneer Title
Tenney Jeffrey -- Pioneer Title
Tenney Taylor R $576,000 Pioneer Title Agency Inc
Pedersen Mary $369,000 --
Kafai Roya $237,000 Fidelity National Title
West Side Investment Group Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parker Marc $675,000
Previous Owner Tenney Jeffrey $0
Previous Owner Tenney Jeffrey $437,500
Previous Owner Pedersen Mary $295,200
Previous Owner Kafai Roya $189,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2024 06/28/24 Sold $900,000 -5.3% $252 / Sq Ft
06/17/2024 06/17/24 Price Changed $950,000 0.0% $266 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/02/2024 04/02/24 Price Changed $950,000 -2.6% $266 / Sq Ft
03/07/2024 03/07/24 For Sale $975,000 +69.3% $273 / Sq Ft
12/13/2021 12/13/21 Sold $576,000 +4.9% $161 / Sq Ft View Prior Sale
12/07/2021 12/07/21 Price Changed $549,000 0.0% $154 / Sq Ft
11/27/2021 11/27/21 Pending -- -- --
11/21/2021 11/21/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $549,000 -- $154 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,624 $16,707 -- --
2024 $1,642 $15,911 -- --
2023 $1,642 $44,650 $8,930 $35,720
2022 $1,602 $32,370 $6,470 $25,900
2021 $1,595 $27,450 $5,490 $21,960
2020 $1,579 $25,900 $5,180 $20,720
2019 $1,497 $23,360 $4,670 $18,690
2018 $1,468 $19,720 $3,940 $15,780
2017 $1,414 $16,820 $3,360 $13,460
2016 $1,360 $15,780 $3,150 $12,630
2015 $1,275 $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: 6673494

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-40-015

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