NOT LISTED FOR SALE

Estimated Value: $434,099 - $657,000

-- Bed
4 Baths
2,612 Sq Ft
$209/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $280,000 $107 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,968/month

5 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2019

Great potential to add additional units! 1/2 an acre zoned RM-4. Current units are fully occupied with long term tenants. Property is located within walking distance of the light rail, Mekong Market and surrounded by urban expansion spreading from Tempe/ASU.

Last Agent to Sell the Property

Fred Weaver IV

eXp Realty License #SA554039000 Listed on: 09/12/2019

Co-Listed By

Donna Walkosz

eXp Realty License #SA635375000

Last Buyer's Agent

Stephany Mai

RE/MAX Fine Properties License #SA645958000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,202

Year Built

  • Built in 1950

Lot Details

  • 0.5

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 7 Open Parking Spaces
  • 9 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Webster Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 31
  • Assessor Parcel Number 135-45-031

Community Details

Overview

  • 3 Units
  • Building Dimensions are 21,916
  • La Mesita Subdivision

Building Details

  • Operating Expense $6,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,202

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: W. Main St & S. Dobson Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: xpre16
  • Co List Office Phone: 888-897-7821
  • Subdivision Name: LA MESITA
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: BI Oven/Range, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 3890.0

Schools

  • Elementary School: Webster Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 21,916
  • Additional Parcels: No
  • Parcel #: 135-45-031

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 1600.0
  • Annual Operating Expense: 6692.0

Tax Info

  • Tax Annual Amount: 1202.0
  • Tax Book Number: 135.00
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2022
Sold by
Varnell Smith
Bought by
Mai Stephany and Smith Varnell
Current Estimated Value
$545,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,600
Outstanding Balance
$368,759
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$177,016

Purchase Details

Listed on
Sep 12, 2019
Closed on
Jan 8, 2020
Sold by
Huong Ngoc and Le Thi
Bought by
Smith Varnell and Mai Stephany
Seller's Agent
Fred Weaver IV
eXp Realty
Buyer's Agent
Stephany Mai
RE/MAX Fine Properties
List Price
$287,000
Sold Price
$280,000
Premium/Discount to List
-$7,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$210,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 29, 2016
Closed on
May 16, 2016
Sold by
Cannon Justin K T
Bought by
Vu To
Seller's Agent
Robert Folz
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lanh Huynh
West USA Realty
List Price
$184,500
Sold Price
$175,000
Premium/Discount to List
-$9,500
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%

Purchase Details

Listed on
Oct 4, 2012
Closed on
Dec 26, 2012
Sold by
Szarko Gregorio and Szarko Olga
Bought by
Cannon Justin K T
Seller's Agent
Jose Munoz
DPR Realty LLC
Buyer's Agent
Michael Williams
Berkshire Hathaway HomeServices Arizona Properties
List Price
$149,900
Sold Price
$137,500
Premium/Discount to List
-$12,400
-8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$125,681
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2005
Sold by
Christopher Christopher E and Christopher Amy N
Bought by
Szarko Gregorio and Szarko Olga

Purchase Details

Closed on
Jul 28, 2004
Sold by
Giacopuzzi Jay
Bought by
Christopher Christopher E and Christopher Amy N

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
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2004
Sold by
Falger Mary Kate
Bought by
Giacopuzzi Jay

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
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2003
Sold by
Kuntz William P
Bought by
Falger Mary Kate and Mary Kate Falger Irrevocable Investment

Purchase Details

Closed on
Aug 15, 2001
Sold by
Kuntz Beverly Susan
Bought by
Kuntz William P

Purchase Details

Closed on
Feb 9, 1998
Sold by
Falger Mary Kate
Bought by
Falger Mary Kate and Mary Kate Falger Irrevocable Investment

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.95%

Purchase Details

Closed on
Nov 7, 1997
Sold by
Ament Louanne M
Bought by
Falger Mary K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mai Stephany -- Magnus Title
Smith Varnell $280,000 Fidelity Natl Ttl Agcy Inc
Vu To $175,000 Driggs Title Agency Inc
Cannon Justin K T $132,000 Fidelity National Title Agen
Szarko Gregorio $240,000 First Fincl Title Agency Az
Christopher Christopher E $225,000 Security Title Agency
Giacopuzzi Jay $145,000 Security Title Agency
Falger Mary Kate -- Capital Title
Kuntz William P -- Capital Title Agency
Kuntz William P $169,500 Capital Title Agency
Falger Mary Kate -- Security Title Agency
Falger Mary K $40,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mai Stephany $397,600
Previous Owner Smith Varnell $210,000
Previous Owner Cannon Justin K T $125,681
Previous Owner Christopher Christopher E $180,000
Previous Owner Falger Mary Kate $65,000
Closed Christopher Christopher E $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2019 12/31/19 Sold $280,000 -2.4% $107 / Sq Ft
11/13/2019 11/13/19 For Sale $287,000 +2.5% $110 / Sq Ft
10/01/2019 10/01/19 Off Market $280,000 -- --
09/17/2019 09/17/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $287,000 +64.0% $110 / Sq Ft
05/19/2016 05/19/16 Sold $175,000 -5.1% $67 / Sq Ft View Prior Sale
02/29/2016 02/29/16 For Sale $184,500 +34.2% $71 / Sq Ft
12/20/2012 12/20/12 Sold $137,500 -8.3% $53 / Sq Ft View Prior Sale
10/29/2012 10/29/12 Pending -- -- --
10/04/2012 10/04/12 For Sale $149,900 -- $57 / 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 $1,311 $13,286 -- --
2024 $1,315 $12,653 -- --
2023 $1,315 $51,200 $10,240 $40,960
2022 $1,288 $33,350 $6,670 $26,680
2021 $1,303 $28,730 $5,740 $22,990
2020 $1,286 $25,660 $5,130 $20,530
2019 $1,202 $20,970 $4,190 $16,780
2018 $1,153 $18,500 $3,700 $14,800
2017 $1,119 $15,110 $3,020 $12,090
2016 $1,098 $14,610 $2,920 $11,690
2015 $1,032 $12,630 $2,520 $10,110
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5977506

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-45-031