$795,000
SOLD SEP 27, 2024

860 E Brown Rd Unit 5 Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
4,042 Sq Ft
3,790 Sq Ft Lot

Recently Sold

$197 Per Sq Ft

2% Below List Price

8 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of September 2024

This home is located at 860 E Brown Rd Unit 5, Mesa, AZ 85203 and is currently priced at $795,000, approximately $196 per square foot. This property was built in 1980. 860 E Brown Rd Unit 5 is a home located in Maricopa County with nearby schools including Edison Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Last Agent to Sell the Property

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Last Buyer's Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,659

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 16
  • Assessor Parcel Number 137-09-336

Community Details

Overview

  • 4 Units
  • Building Dimensions are 3804

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $15,893
  • Gross Income $61,299
  • Net Operating Income $40,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,659

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1100.0
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Other (See Remarks), Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Submetered System
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 2899.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 3804
  • Additional Parcels: No
  • Parcel #: 137-09-336

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 61299.0
  • Insurance Expense: 4535.0
  • Property Net Operating Income: 40590.0
  • Annual Operating Expense: 15893.0

Tax Info

  • Tax Annual Amount: 1659.0
  • Tax Book Number: 137.00
  • Tax Lot: 16

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $795,000 -2.5% $197 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $815,000 0.0% $202 / Sq Ft
09/23/2014 09/23/14 Rented $750 0.0% --
09/23/2014 09/23/14 Under Contract -- -- --
09/13/2014 09/13/14 For Rent $750 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,645 $16,763 -- --
2024 $1,659 $15,965 -- --
2023 $1,659 $63,320 $12,660 $50,660
2022 $1,625 $46,580 $9,310 $37,270
2021 $1,644 $40,660 $8,130 $32,530
2020 $1,623 $34,850 $6,970 $27,880
2019 $1,516 $28,780 $5,750 $23,030
2018 $1,455 $21,330 $4,260 $17,070
2017 $1,412 $18,110 $3,620 $14,490
2016 $1,386 $16,780 $3,350 $13,430
2015 $1,302 $15,100 $3,020 $12,080
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $795,000 VA
Previous Owner $130,000 Unknown
Previous Owner $108,650 New Conventional
Previous Owner $108,650 New Conventional
Previous Owner $348,000 Purchase Money Mortgage
Previous Owner $232,500 New Conventional
Previous Owner $221,800 Unknown
Previous Owner $41,587 Stand Alone Second
Closed $43,500 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $795,000 Title Services Of The Valley
Warranty Deed $218,000 First American Title Ins Co
Interfamily Deed Transfer -- Chicago Title
Cash Sale Deed $144,900 Chicago Title
Quit Claim Deed -- None Available
Warranty Deed $435,000 Stewart Title & Trust Of Pho
Warranty Deed $310,000 North American Title Company
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6747427

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-336

Arizona Maricopa County Mesa 85203 Mesa Patios

860 E Brown Rd Unit 5, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 860 E Brown Rd Unit 5, Mesa, AZ 85203 and is currently priced at $795,000, approximately $196 per square foot. This property was built in 1980. 860 E Brown Rd Unit 5 is a home located in Maricopa County with nearby schools including Edison 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