D
Seller's Agent in 2022
Daniel Shenkman
Keller Williams Realty East Valley
Estimated Value: $698,202 - $853,000
Studio
--
Bath
3,356
Sq Ft
$227/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Franklin at Brimhall Elementary School Rated A
About This Home
As of March 2022Incredible cash cow! Fully rented on month-to-month leases, allowing a new owner to raise rents to market rates. Property is situated in a perfect rental area 5 minutes walking distance to the Light Rail on Main St. Easy freeway access, great schools, shopping and everything your tenants need. New roof and four new AC units installed in 2014! Realtors, run, don't walk to this gem - your clients will definitely thank you.
Please do not disturb tenants or walk the property. Tenants are unaware of the sale. Inspection only after parties are under contract.
For best offer, please use Magnus Title, Patty Hermosillo, 2077 E. Warner Rd., Ste. 103, Tempe, AZ 85284, (480) 339-7030.
Last Agent to Sell the Property
Daniel Shenkman
Keller Williams Realty East Valley License #SA549480000 Listed on: 01/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,224
Year Built
- Built in 1974
Lot Details
- 9,453
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
- Paved Parking
Schools
- Longfellow Elementary School
- Mesa Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 8
- Assessor Parcel Number 138-14-004-J
Community Details
Overview
- 4 Units
- Building Dimensions are Irr
- Hibbert Allen Acres Lots 8 20 Subdivision
Building Details
- Operating Expense $6,124
- Gross Income $54,720
- Net Operating Income $48,586
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 14, 2022
Closed on
Feb 28, 2022
Sold by
Xu Liang Ting
Bought by
Emp Real Estate Holdings Llc
Seller's Agent
Daniel Shenkman
Keller Williams Realty East Valley
Buyer's Agent
Tiffany Gomm
Alter Property Management, LLC
List Price
$750,000
Sold Price
$735,000
Premium/Discount to List
-$15,000
-2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,051
Avg. Annual Appreciation
0.98%
Purchase Details
Closed on
Aug 30, 2015
Sold by
Liang Jun
Bought by
Liang Ting Xu
Purchase Details
Closed on
Feb 18, 2010
Sold by
Vw Brothers & Company Llc
Bought by
Liang Jun
Purchase Details
Closed on
Jan 29, 2009
Sold by
Bank Of New York
Bought by
Vw Brothers And Company Llc
Purchase Details
Closed on
Jun 23, 2008
Sold by
Introcaso Robert T and Introcaso Denice E
Bought by
Bank Of New York and Cwalt Inc Alternative Loan Trust 2005-66
Purchase Details
Closed on
Oct 3, 2005
Sold by
Lazona Haven Llc
Bought by
Introcaso Robert T and Introcaso Denice E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
2.5%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 1, 2005
Sold by
Nakada Kenneth
Bought by
Lazona Haven Llc
Purchase Details
Closed on
Nov 15, 2004
Sold by
Sadat Mazen Al
Bought by
Nakada Kenneth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 6, 2004
Sold by
Nakada Chau T
Bought by
Nakada Kenneth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 15, 2004
Sold by
Irie Life Llc
Bought by
Sadat Mazen Al
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 15, 2003
Sold by
Mead Sandra J
Bought by
Irie Life Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 10, 2002
Sold by
Mcconney Tsuyako
Bought by
Senda T Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Emp Real Estate Holdings Llc | $735,000 | Magnus Title | |
| Liang Ting Xu | -- | None Available | |
| Liang Jun | -- | None Available | |
| Vw Brothers And Company Llc | $110,100 | First American Title Ins Co | |
| Bank Of New York | $207,782 | First American Title | |
| Introcaso Robert T | $400,000 | Tsa Title Agency | |
| Lazona Haven Llc | -- | -- | |
| Nakada Kenneth | $290,000 | Capital Title Agency Inc | |
| Nakada Kenneth | -- | Capital Title Agency Inc | |
| Sadat Mazen Al | $250,000 | Fidelity National Title | |
| Irie Life Llc | -- | Capital Title Agency Inc | |
| Senda T Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Introcaso Robert T | $320,000 | |
| Previous Owner | Nakada Kenneth | $232,000 | |
| Previous Owner | Sadat Mazen Al | $200,000 | |
| Previous Owner | Irie Life Llc | $520,000 | |
| Closed | Sadat Mazen Al | $24,500 | |
| Closed | Introcaso Robert T | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2022 03/04/22 | Sold | $735,000 | -2.0% | $219 / Sq Ft |
| 02/20/2022 02/20/22 | Pending | -- | -- | -- |
| 01/12/2022 01/12/22 | For Sale | $750,000 | -- | $223 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,231 | $12,476 | -- | -- |
| 2024 | $1,235 | $11,882 | -- | -- |
| 2023 | $1,235 | $47,920 | $9,580 | $38,340 |
| 2022 | $1,209 | $33,410 | $6,680 | $26,730 |
| 2021 | $1,224 | $26,600 | $5,320 | $21,280 |
| 2020 | $1,208 | $23,510 | $4,700 | $18,810 |
| 2019 | $1,129 | $20,760 | $4,150 | $16,610 |
| 2018 | $1,083 | $17,100 | $3,420 | $13,680 |
| 2017 | $1,051 | $18,730 | $3,740 | $14,990 |
| 2016 | $1,031 | $17,850 | $3,570 | $14,280 |
Source: Public Records
Agents Affiliated with this Home
-
-
Tiffany Gomm
T
Buyer's Agent in 2022
Tiffany Gomm
Alter Property Management, LLC
(480) 613-7600
1 in this area
5 Total Sales
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6340716
APN: 138-14-004J
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.
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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