NOT LISTED FOR SALE

Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $429,609 - $952,000

-- Bed
-- Bath
3,306 Sq Ft
$206/Sq Ft Est. Value

Last Sold September 25, 2012

Last sale price $151,000 $46 Per Sq Ft

Est. 351% increase in value since last sale

Current estimated payment $3,935/month

33 Days on Market

Highlights

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

About This Home

As of September 2012

Great cash flow opportunity, 3 of the 4 units are rented. Owner would like to sell 2 buildings together, separate owners purchased at the same time with the same lender. See MLS # 4733535. Short Sale approval required.

Last Agent to Sell the Property

Brook Miller

RE/MAX Solutions License #BR533974000 Listed on: 03/22/2012

RE/MAX Solutions

Last Buyer's Agent

Luke Bundy

Better Homes & Gardens Real Estate SJ Fowler License #SA510356000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,161

Year Built

  • Built in 1986

Lot Details

  • 10,237

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Concrete Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 141-84-286

Community Details

Overview

  • 4 Units
  • Building Dimensions are 135x76

Building Details

  • Operating Expense $9,637
  • Net Operating Income $11,411

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,161

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Recker & Brown
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2011
  • Directions: S Higley-Right onto E Brown Road-Left onto N62nd Place-2nd right onto E Glengrove
  • Road Surface Type: Asphalt
  • 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: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: None, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 135x76
  • Additional Parcels: No
  • Parcel #: 141-84-286

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Insurance Expense: 539.0
  • Maintenance Expense: 6554.0
  • Property Net Operating Income: 11411.0
  • Annual Operating Expense: 9637.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 1161.0
  • Tax Book Number: 141.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2012
Closed on
Sep 11, 2012
Sold by
Burton Doug
Bought by
Arnett Robert and Arnett Lanie
Seller's Agent
Brook Miller
RE/MAX Solutions
Buyer's Agent
Luke Bundy
Better Homes & Gardens Real Estate SJ Fowler
List Price
$134,900
Sold Price
$151,000
Premium/Discount to List
$16,100
11.93%
Current Estimated Value
$681,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,536
Avg. Annual Appreciation
11.98%

Purchase Details

Closed on
Jun 3, 2005
Sold by
Shen Shoa Hua
Bought by
Burton Doug

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2002
Sold by
Golden West Enterprises Inc
Bought by
Shen Shao Hua and Shen Mei Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.94%
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
Arnett Robert $151,000 Clear Title Agency Of Arizon
Burton Doug $356,000 Lawyers Title Ins
Shen Shao Hua $1,600,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arnett Robert $105,700
Previous Owner Burton Doug $267,000
Previous Owner Shen Shao Hua $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2012 09/25/12 Sold $151,000 +11.9% $46 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
02/24/2012 02/24/12 For Sale $134,900 -- $41 / 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 $2,051 $20,894 -- --
2024 $2,068 $19,899 -- --
2023 $2,068 $61,750 $12,350 $49,400
2022 $2,025 $44,350 $8,870 $35,480
2021 $2,050 $38,710 $7,740 $30,970
2020 $2,023 $34,410 $6,880 $27,530
2019 $1,890 $30,050 $6,010 $24,040
2018 $1,814 $27,510 $5,500 $22,010
2017 $1,760 $19,120 $3,820 $15,300
2016 $1,727 $17,670 $3,530 $14,140
2015 $1,623 $16,720 $3,340 $13,380
Source: Public Records

Agents Affiliated with this Home

  • Brook Miller

    Seller's Agent in 2012

    Brook Miller

    RE/MAX

    (602) 391-7164

    5 in this area

    149 Total Sales

    Brook Miller
    Section Image
  • Luke Bundy

    Buyer's Agent in 2012

    Luke Bundy

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 315-7389

    4 in this area

    42 Total Sales

    Luke Bundy
    Section Image
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4733525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-286

Arizona Maricopa County Mesa 85205

Central Mesa East

This home since 22 March 2012 and is currently estimated at $681,536, approximately $206 per square foot. This property was built in 1986. This home is a home located in Maricopa County with nearby schools including Mendoza Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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