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Mesa 85208 Fountain of the Sun
1009 S 78TH Place
Photo of 1009 S 78TH Place
Sold on Sep 8, 2023

39

Map

Photo of 1009 S 78TH Place
Photo of 1009 S 78TH Place
$407,000
● House - Off Market

1009 S 78TH Place

Mesa, AZ 85208
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,474 Ft²
$386,387
RealtyHop Estimate
-0.93%
Since Oct 1, 2023
AZ-Phoenix
Primary Model

About This Property

Welcome Home! This is a nicely remodeled, corner lot, 3 bedroom, 2 bath home.  Updated kitchen(2017) with island, new cabinets, stainless steel appliances, wood like tile floors(2023) in the main areas and laminate wood floors in the bedrooms. New roof(2019) and vinyl dual pane windows. Partially furnished.  Convenient to the US 60 and Red Mountain freeways, close to the Mesa Gateway Airport, Sky Harbor, and Costco! If shopping & dining out is your thing...Superstition Springs & San Tan Mall are a short drive away. Enjoy the Country Club & Golf Community offering a lake, golf course, and post office. Lots of planned activities, pickleball, Bocce Ball, Fitness, billiards, library, horseshoes, arts & crafts, card room, shuffleboard, and more! Birdie's restaurant is open daily!
Unit Size
1,474 Ft²
Days on Market
29 days
Land Size
0.22 acres
Price per sqft
$265
Property Type
House
Property Taxes
$130
HOA Dues
$311
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (ARMLS #6589448)

Price History

Date / Event Date Event Price
Sep 8, 2023 Sold
Premium
Sold
Jul 29, 2023 Listed by Keller Williams Integrity First Realty $390,000
Listed by Keller Williams Integrity First Realty
Nov 7, 2014 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,738
  • Total Building Area: 1,474
  • Gross Building Area: 1,474
  • Building Area: 1,474
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,474
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOUNTAIN OF THE SUN PARCEL 6
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: FOUNTAIN OF THE SUN PARCEL 6 MCR 214-15

Neighborhood

  • School District Name: Mesa Unified District
  • Census Tract: 422610

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 21415
  • Parcel: 218-67-322
  • Lot: 1231
  • Meridian: SEC 29 TWN 1N RNG 7E
  • Municipality: MESA
  • Latitude: 33.3963
  • Longitude: -111.662

    Address

  • Full Address: 1009 S 78th Pl
  • Address - House Number: 1009
  • Street Direction: S
  • Address - Street Name: 78th
  • Address - Suffix Type: Pl
  • State: AZ
  • City Name: Mesa
  • Carrier Code: C047
  • 4-Digit Zip Code: 6063
  • Zip Code: 85208

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $159,846
  • Tax Rate Code Area: 041012

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 368,729
  • High Value: 418,631
  • Low Value: 318,827

    Market Valuation

  • Market Total Value: $270,200
  • Market Land Value: $54,000
  • Market Improvement Value: $216,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,020
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $21,620

    Sales

  • Current Sale Contract Date: Sep 08, 2023
  • Current Sale Recording Date: Sep 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 470266
  • Previous Sale Recording Date: Nov 07, 2014
  • Previous Sale Contract Date: Nov 04, 2014
  • Previous Sale Amount: $149,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fountain of the Sun

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$253

Below Asking

0.03%

Average Days on Market

89

Average Home Size

1286 ft²

Average Home Age

44.6 years

Currently For Sale

50 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6945 E Main Street, Mesa, AZ, 85207

$3,355 /mo

  • 1 Bed
  • 667 ft²
6945 E Main Street, Mesa, AZ, 85207 Listing by Lydia Wietsma
Unit for rent at 8145 E Pueblo Avenue, Mesa, AZ, 85208

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,820 ft²
8145 E Pueblo Avenue, Mesa, AZ, 85208 Listing by Erik L Boschee
Unit for rent at 7950 E Keats Avenue, Mesa, AZ, 85209

$1,300 /mo

  • 1 Bed
  • 2 Baths
  • 1,192 ft²
7950 E Keats Avenue #122, Mesa, AZ, 85209 Listing by Jennie Miller

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Mary Newton, Keller Williams Integrity First Realty
Last Updated: 3 months ago
Data Source: ARMLS, MLS# 6589448
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1009 South 78th Place built and last sold?
The property at 1009 South 78th Place was built in 1981 and last sold on Sep 8, 2023 for $404,500.
How much is this home worth?
The estimated value of the home located at 1009 South 78th Place is $393,373.
What are some comparable homes to 1009 South 78th Place?
There are currently no comparable homes to 1009 South 78th Place.
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