NOT LISTED FOR SALE

228 N Macdonald Mesa, AZ 85201

Downtown Mesa Neighborhood

Estimated Value: $803,000 - $957,556

-- Bed
-- Bath
-- Sq Ft
0.51 Acres

Last Sold October 11, 2024

Last sale price $900,000

Current estimated payment $5,263/month

146 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Window Unit Heating System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of October 2024

INVESTORS DREAM! This 9-unit multi-family property consists of a large lot with room to build and add more units. Please do not disturb tenants, Drive by only.

Last Listed By

Joseph Bostaph

Berkshire Hathaway HomeServices Arizona Properties License #SA704688000 Listed on: 04/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,886

Year Built

  • Built in 1973

Lot Details

  • 0.51

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • On-Street Parking

Schools

  • Eisenhower Center For Innovation Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water
  • Tax Lot 8
  • Assessor Parcel Number 138-58-031

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 331.4x67
  • Mesa Arizona Subdivision

Building Details

  • Operating Expense $2,886
  • Gross Income $106,020
  • Net Operating Income $92,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: SE CORNER OF UNIVERSITY DR/COUNTRY CLUB RD
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Other (See Remarks)
  • Year Built: 1973
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: praz07
  • Co List Office Phone: 480-467-4900
  • Subdivision Name: MESA ARIZONA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: See Remarks, Wall/Window Unit(s)
  • Heating: See Remarks, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes

Schools

  • Elementary School: Eisenhower Center For Innovation
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 331.4x67
  • Additional Parcels: No
  • Parcel #: 138-58-031

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water
  • Number Of Units Total: 9
  • Annual Gross Income: 106020.0
  • Property Net Operating Income: 92664.0
  • Annual Operating Expense: 2886.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2886.0
  • Tax Book Number: 138.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Oct 9, 2024
Sold by
Robert And Helen Stickney 1995 Trust and Neilson Janet E
Bought by
Betty 58 Inc
Seller's Agent
Joseph Bostaph
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Julie Kinkead
HomeSmart
List Price
$1,190,000
Sold Price
$900,000
Premium/Discount to List
-$290,000
-24.37%
Total Days on Market
146
Views
34
Current Estimated Value
$900,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139
Avg. Annual Appreciation
0.65%

Purchase Details

Closed on
Jan 6, 2005
Sold by
Boa Sorte Lp
Bought by
Chacon Lauro Q and Chacon Paula G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1998
Sold by
Johnson Bernard E and Johnson Nancy A
Bought by
Stickney Robert A and Stickney Helen L

Purchase Details

Closed on
Oct 8, 1996
Sold by
Johnson Bernard E and Johnson Nancy A
Bought by
Johnson Bernard E and Johnson Nancy A

Purchase Details

Closed on
Aug 18, 1995
Sold by
Martin Victor I and Martin Cecile
Bought by
Johnson Bernard E and Johnson Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back

Range of Values:

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ICE

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Average Value
Not Available
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
Betty 58 Inc $900,000 Blueink Title Agency Llc
Stickney Robert A $253,706 Fidelity Title
Johnson Bernard E -- --
Johnson Bernard E $228,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stickney Robert A $200,000
Previous Owner Johnson Bernard E $169,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $900,000 -18.1% --
09/19/2024 09/19/24 Pending -- -- --
09/14/2024 09/14/24 Price Changed $1,099,000 -7.6% --
08/21/2024 08/21/24 For Sale $1,190,000 0.0% --
08/06/2024 08/06/24 Pending -- -- --
07/26/2024 07/26/24 Price Changed $1,190,000 -8.4% --
07/09/2024 07/09/24 Price Changed $1,299,000 -3.8% --
06/05/2024 06/05/24 Price Changed $1,350,000 -6.9% --
04/25/2024 04/25/24 For Sale $1,450,000 -- --
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 $2,862 $29,161 -- --
2024 $2,886 $27,773 -- --
2023 $2,886 $92,560 $18,510 $74,050
2022 $2,826 $65,210 $13,040 $52,170
2021 $2,861 $56,070 $11,210 $44,860
2020 $2,823 $50,760 $10,150 $40,610
2019 $2,638 $40,230 $8,040 $32,190
2018 $2,532 $38,420 $7,680 $30,740
2017 $2,456 $34,980 $6,990 $27,990
2016 $2,411 $32,350 $6,470 $25,880
2015 $2,266 $31,430 $6,280 $25,150
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joseph Bostaph

    Berkshire Hathaway HomeServices Arizona Properties

  • Kelly Cobb

    Seller Co-Listing Agent in 2024

    Kelly Cobb

    Berkshire Hathaway HomeServices Arizona Properties

    (951) 741-4173

    1 in this area

    12 Total Sales

    Kelly Cobb
    Section Image
  • Julie Kinkead

    Buyer's Agent in 2024

    Julie Kinkead

    HomeSmart

    (480) 250-7828

    2 in this area

    58 Total Sales

    Julie Kinkead
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6694492

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-58-031

Arizona Maricopa County Mesa 85201 Downtown Mesa

228 N Macdonald, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 228 N Macdonald, Mesa, AZ 85201 since 25 April 2024 and is currently estimated at $900,139. This property was built in 1973. 228 N Macdonald is a home located in Maricopa County with nearby schools including Eisenhower Center for Innovation, 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