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Mesa 85207
1851 N SHELBY Circle
Photo of 1851 N SHELBY Circle
Sold on Apr 12, 2017

52

Map

Photo of 1851 N SHELBY Circle
Photo of 1851 N SHELBY Circle
$460,000
● House - Off Market

1851 N SHELBY Circle

Mesa, AZ 85207
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,680 Ft²
$880,860
RealtyHop Estimate
91.49%
Since May 1, 2017
AZ-Phoenix
Primary Model

About This Property

HUGE price reduction. LOWEST PRICE PER SQ FT SINGLE STORY 3 CAR GARAGE IN MOUNTAIN BRiDGE. Located in the gated resort-style community of Mountain Bridge.  Premium N/S lot that borders a wash on one side and backs to the wash for added privacy and mountain views. Gated courtyard, 12' ceiling, dramatic archways and neutral paint tones that add style and warmth. Split floor plan, 4 bedrooms, plus a formal dining/den. Gourmet Kitchen with SS Appliances, Granite Countertops, Large Kitchen Island,  Staggered Cabinets.  Great Room w/stone Fireplace.  Spacious Master Bedroom w/room for a Sitting Area and Huge Walk-in Closet. Back yard is ready for you to make it your own with plenty of room for a pool.  3 Car Garage Close to the 202, 20 minutes to Scottsdale, Sky Harbor Airport & Saguaro Lake
Unit Size
2,680 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$172
Property Type
House
Property Taxes
$278
HOA Dues
$495
Year Built
2011

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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: 2 months ago (ARMLS #5472819)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Feb 15, 2024 Listed by KOR Properties $800,000
Listed by KOR Properties
Apr 12, 2017 Sold
Premium
Sold
Jul 19, 2016 Listed by KOR Properties $460,000
Listed by KOR Properties
Aug 29, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,748
  • Total Building Area: 2,680
  • Gross Building Area: 2,680
  • Building Area: 2,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEGACY AT MOUNTAIN BRIDGE
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: LEGACY AT MOUNTAIN BRIDGE MCR 987-40

Neighborhood

  • School District Name: Mesa Unified District
  • Census Tract: 420105

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: 98740
  • Parcel: 219-31-447
  • Lot: 86
  • Meridian: SEC 8 TWN 1N RNG 7E
  • Municipality: MESA
  • Latitude: 33.449
  • Longitude: -111.65

    Address

  • Full Address: 1851 N Shelby
  • Address - House Number: 1851
  • Street Direction: N
  • Address - Street Name: Shelby
  • State: AZ
  • City Name: Mesa
  • Carrier Code: R069
  • 4-Digit Zip Code: 3174
  • Zip Code: 85207

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $438,594
  • Tax Rate Code Area: 041000

    Appraisal Valuation

  • Standard Deviation: 0.0598
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 97
  • Final Value: 789,729
  • High Value: 837,006
  • Low Value: 742,453

    Market Valuation

  • Market Total Value: $662,700
  • Market Land Value: $132,500
  • Market Improvement Value: $530,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,270
  • Assessed Land Value: $13,250
  • Assessed Improvements Value: $53,020

    Sales

  • Current Sale Contract Date: Mar 20, 2024
  • Current Sale Recording Date: Mar 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 143279
  • Previous Sale Recording Date: Apr 12, 2017
  • Previous Sale Contract Date: Apr 07, 2017
  • Previous Sale Amount: $460,000
  • 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 Mesa

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$266

Above Asking

0.39%

Average Days on Market

69

Average Home Size

1928 ft²

Average Home Age

32.1 years

Currently For Sale

1641 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 7739 E Butte Street, Mesa, AZ, 85207

$1,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,606 ft²
7739 E Butte Street, Mesa, AZ, 85207 Listing by April Rose
Unit for rent at 7240 E Manning Street, Mesa, AZ, 85207

$3,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,856 ft²
7240 E Manning Street, Mesa, AZ, 85207 Listing by Maggie Smith
Unit for rent at 2930 N Raven --, Mesa, AZ, 85207

$4,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,769 ft²
2930 N Raven --, Mesa, AZ, 85207 Listing by Kimberly MacDonald

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Lorraine Ryall, KOR Properties
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 5472819
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 1851 North Shelby built and last sold?
The property at 1851 North Shelby was built in 2011 and last sold on Mar 20, 2024 for $800,000.
How much is this home worth?
The estimated value of the home located at 1851 North Shelby is $799,927.
What are some comparable homes to 1851 North Shelby?
There are currently no comparable homes to 1851 North Shelby.
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