Ownership: Fee Simple
Current Price: $466,000
Sold Price: $466,000
Status: Closed
List Date: 2025-09-25
Assessor's Map #: 8
Assessor's Parcel #: 88
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 1669
Legal: LOT 79 FREESTONE TERRACE MCR 007219
Marketing Name: Freestone Terrace
House Number: 616
Compass: N
Street Name: Freestone
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
County Code: Maricopa
Assessor Number: 137-08-088
Tax Year: 2023
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 11,543
Flood Zone: No
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1960
Zoning: RS-9
Range: 5e
Section: 14
Township: 1n
Lot Number: 79
Ceramic Tile: 1
Carpet: 1
Land & Building: 1
Laundry Equipment: 1
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1669
Other Income: 0
Vacancy Allowance: 0.08
Adjusted Gross Inc: 3036
Cap Rate: 0.22
Equity: 489000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Service: Aligned Showings
Landscape Water System: 1
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Boat: 1
Carport: 1
On Street: 1
RV Access/Parking: 1
Water: 1
Electric: 1
Gas: 1
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
# 2 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 805
# Baths: 1
# 3 Bedroom Units: 1
Avg Rent: 2000
Avg SqFt: 1673
# Baths: 2
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 9000
Seller Concession $/%: $
Cross Street: University and Horne
Directions: From Horne and University go North on Horne to 6th st. Go east on 6th st to Freestone Cir. Go north on Freestone Cir.
Geo Lat: 33.426518
Geo Lon: -111.812271
Off Market Date: 2025-11-07
Under Contract Date: 2025-10-05
Close of Escrow Date: 2025-11-18
Sold Price: $466,000
Gross Annual Sch Inc: 3300
Net Operating Income: 1100
Project Type: Duplex
Construction: Wood Frame; Brick
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System
Interior Features: Drapes
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Natural Gas
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: City Gas
Parking Features: Boat; Carport; On Street; RV Access/Parking
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: Supra; Combo
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None