Seller's Agent in 2024
Jacquelyn Shoffner
Real Broker
(480) 839-6600
1 in this area
204 Total Sales
846 N Revere Mesa, AZ 85201
West Enders NeighborhoodEstimated Value: $816,000 - $842,000
--
Bed
--
Bath
3,979
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- 4 Car Attached Garage
- Cooling Available
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Ceramic Tile Flooring
About This Home
As of November 2024Incredible Investment Opportunity in prime Mesa location! This fantastic 4-plex boasts one spacious 3-bedroom, 2-bath unit with an attached garage and three roomy 2-bedroom, 2-bath units, each featuring an in-unit washer/dryer. Ideal for long, short-term or mid-term rental options or an owner-occupant looking to build equity while generating income. The 2-bedroom units come with covered carport parking and extra storage, adding extra convenience for tenants. With all units currently occupied and room for rental increases, this property is primed for solid returns. Each unit is individually metered for electricity, and recent updates include a new AC unit, two new water heaters, and a fresh exterior paint job. Located near popular destinations like the Cubs stadium, Tempe Town Lake, (MORE schools, shopping, and entertainment, this property is a great investment opportunity. Note: Drive-by only - no interior showings until after contract acceptance. Please respect tenant privacy and do not disturb occupants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,406
Year Built
- Built in 1984
Lot Details
- 8,451
Home Design
- Wood Frame Construction
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 4 Car Attached Garage
- Common or Shared Parking
Schools
- Emerson Elementary School
- Carson Junior High Middle School
- Westwood High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 14
- Assessor Parcel Number 135-17-310
Community Details
Overview
- 4 Units
- Building Dimensions are 131.90x64.26x132.34x64.27
- Heritage Estates Subdivision
Building Details
- Operating Expense $12,779
- Gross Income $65,400
- Net Operating Income $55,028
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2024
Closed on
Nov 14, 2024
Sold by
Arustamian Kevin
Bought by
Phoenix Capital Investments Llc
Seller's Agent
Jacquelyn Shoffner
Real Broker
Buyer's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
List Price
$850,000
Sold Price
$820,000
Premium/Discount to List
-$30,000
-3.53%
Total Days on Market
3
Views
5
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
$7,151
Avg. Annual Appreciation
1.99%
Original Mortgage
$470,000
Outstanding Balance
$469,083
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$358,068
Purchase Details
Listed on
Oct 25, 2024
Closed on
Nov 13, 2024
Sold by
Betty Ruth Llc
Bought by
Arustamian Kevin
Seller's Agent
Jacquelyn Shoffner
Real Broker
Buyer's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
List Price
$850,000
Sold Price
$820,000
Premium/Discount to List
-$30,000
-3.53%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$469,083
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$358,068
Purchase Details
Closed on
May 20, 2024
Sold by
Eric And Laura Weber Family Revocable Li and Weber Eric Scott
Bought by
Betty Ruth Llc
Purchase Details
Closed on
Feb 25, 2020
Sold by
Weber Eric and Weber Laura
Bought by
Weber Eric Scott and Weber Laura Catherine
Purchase Details
Listed on
Feb 13, 2019
Closed on
Apr 24, 2019
Sold by
Pothis Paul and Pothis Amporn
Bought by
Weber Eric and Weber Laura
Seller's Agent
Heather Cates
Citiea
Buyer's Agent
Jacquelyn Shoffner
Real Broker
List Price
$498,500
Sold Price
$460,000
Premium/Discount to List
-$38,500
-7.72%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$345,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 3, 2004
Sold by
Kanocz Joseph L and Kanocz Carol A
Bought by
Pothis Paul and Pothis Amporn
Purchase Details
Closed on
May 11, 1995
Sold by
Lucille Smith & Sons Ltd Partnership
Bought by
Don Dan & Dave Smith Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Phoenix Capital Investments Llc | -- | -- | |
| Phoenix Capital Investments Llc | -- | -- | |
| Arustamian Kevin | $820,000 | Premier Title Agency | |
| Arustamian Kevin | $820,000 | Premier Title Agency | |
| Betty Ruth Llc | -- | None Listed On Document | |
| Weber Eric Scott | -- | None Available | |
| Weber Eric | $460,000 | Magnus Title Agency Llc | |
| Pothis Paul | $316,000 | Capital Title Agency Inc | |
| Don Dan & Dave Smith Llc | -- | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arustamian Kevin | $470,000 | |
| Closed | Arustamian Kevin | $470,000 | |
| Previous Owner | Eric And Laura Weber Family Re | $300,000 | |
| Previous Owner | Weber Eric | $345,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $820,000 | -3.5% | $206 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 10/25/2024 10/25/24 | For Sale | $850,000 | +84.8% | $214 / Sq Ft |
| 04/30/2019 04/30/19 | Sold | $460,000 | -7.7% | $116 / Sq Ft |
| 04/11/2019 04/11/19 | Pending | -- | -- | -- |
| 02/13/2019 02/13/19 | For Sale | $498,500 | -- | $125 / 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 | $2,406 | $24,514 | -- | -- |
| 2024 | $2,426 | $23,347 | -- | -- |
| 2023 | $2,426 | $62,010 | $12,400 | $49,610 |
| 2022 | $2,376 | $50,810 | $10,160 | $40,650 |
| 2021 | $2,405 | $46,050 | $9,210 | $36,840 |
| 2020 | $2,373 | $43,180 | $8,630 | $34,550 |
| 2019 | $2,218 | $36,330 | $7,260 | $29,070 |
| 2018 | $2,128 | $32,600 | $6,520 | $26,080 |
| 2017 | $2,065 | $20,250 | $4,050 | $16,200 |
| 2016 | $2,026 | $19,330 | $3,860 | $15,470 |
| 2015 | $1,905 | $17,400 | $3,480 | $13,920 |
Source: Public Records
Agents Affiliated with this Home
-
Jacquelyn Shoffner
-
Joshua Hogan
Seller Co-Listing Agent in 2024
Joshua Hogan
Real Broker
(480) 369-2880
2 in this area
172 Total Sales
-
David Arustamian
Buyer's Agent in 2024
David Arustamian
Russ Lyon Sotheby's International Realty
(480) 331-0707
1 in this area
440 Total Sales
-
Heather Cates
Seller's Agent in 2019
Heather Cates
Citiea
(480) 616-4433
35 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6775879
APN: 135-17-310
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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