NOT LISTED FOR SALE

Estimated Value: $559,789 - $655,000

3 Beds
-- Bath
2,100 Sq Ft
$280/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $462,500 $220 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,195/month

18 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2021

Great investment property in heart of Mesa. Well built and well maintained.

Occupied with good long term tenants. No sign on property. Contact Listing agent for appointment to view. Do not contact the tenants.

Last Agent to Sell the Property

Zachary Webster

Weichert, Realtors-Home Pro Realty License #SA537691000 Listed on: 01/18/2021

Weichert, Realtors-Home Pro Realty

Last Buyer's Agent

Michael Bennett

ATLAS AZ, LLC License #SA692576000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $924

Year Built

  • Built in 1985

Lot Details

  • 9,278

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Holmes Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 37
  • Assessor Parcel Number 139-24-182

Community Details

Overview

  • 3 Units
  • Building Dimensions are 0.21A
  • Haws Replat Subdivision

Building Details

  • Operating Expense $924
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$924

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. and Southern Ave.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: res
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2020
  • Directions: Southern to Mesa Dr, north on Mesa Dr, east on Franklin Ave, north on Pioneer, west on 6th dr. Property is on SW corner of 6th drive and Pioneer.
  • Road Surface Type: Asphalt
  • Subdivision Name: HAWS REPLAT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Holmes Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 0.21A
  • Additional Parcels: No
  • Parcel #: 139-24-182

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 30000.0
  • Annual Operating Expense: 924.0

Tax Info

  • Tax Annual Amount: 924.0
  • Tax Book Number: 139.00
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Mar 4, 2021
Sold by
Olsen Rand
Bought by
M2holdings Llc
Seller's Agent
Zachary Webster
Weichert, Realtors-Home Pro Realty
Buyer's Agent
Michael Bennett
ATLAS AZ, LLC
List Price
$485,000
Sold Price
$462,500
Premium/Discount to List
-$22,500
-4.64%
Current Estimated Value
$588,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,197
Avg. Annual Appreciation
6.27%
Original Mortgage
$344,000
Outstanding Balance
$317,121
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$293,118

Purchase Details

Closed on
Jan 30, 2019
Sold by
Olsen Michele
Bought by
Olsen Rand

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2018
Sold by
Polumbo Barbara Ann and Barbara Polumbo Trust
Bought by
True Freedom Achievers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2008
Sold by
Jarrett Brenda
Bought by
Polumbo Barbara Ann and The Barbara Polumbo Trust

Purchase Details

Closed on
Sep 22, 2004
Sold by
Garcia Michael S
Bought by
Jarrett Amber

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2002
Sold by
Asma Paul F and Asma Margaret L
Bought by
Garcia Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
6.84%
Mortgage Type
New Conventional
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
M2holdings Llc $462,500 First Integrity Ttl Agcy Of
Olsen Rand -- Empire West Title Agency Llc
Olsen Rand $249,500 Empire West Title Agency Llc
True Freedom Achievers Llc $210,000 Fidelity National Title Agen
Polumbo Barbara Ann $183,657 Security Title Agency Inc
Jarrett Amber $212,000 Capital Title Agency Inc
Garcia Michael S $169,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M2holdings Llc $344,000
Previous Owner Olsen Rand $187,000
Previous Owner True Freedom Achievers Llc $196,000
Previous Owner Jarrett Amber $169,600
Previous Owner Garcia Michael S $135,200
Closed Garcia Michael S $16,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $462,500 -4.6% $220 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $485,000 -- $231 / 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 $1,034 $10,536 -- --
2024 $1,043 $10,034 -- --
2023 $1,043 $37,410 $7,480 $29,930
2022 $1,021 $26,580 $5,310 $21,270
2021 $937 $22,170 $4,430 $17,740
2020 $924 $20,380 $4,070 $16,310
2019 $859 $15,960 $3,190 $12,770
2018 $822 $14,510 $2,900 $11,610
2017 $796 $12,770 $2,550 $10,220
2016 $782 $12,200 $2,440 $9,760
2015 $737 $10,210 $2,040 $8,170
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6182623

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-182