NOT LISTED FOR SALE

10376 E Palm Way Gold Canyon, AZ 85118

Estimated Value: $508,000 - $711,041

-- Bed
-- Bath
5,009 Sq Ft
$126/Sq Ft Est. Value

Last Sold October 01, 2014

Last sale price $315,000 $63 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $3,469/month

15 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Heat Pump System
  • Cooling Available
  • Ceiling Fan

About This Home

As of October 2014

Great investment property in beautiful Gold Canyon. A true cap rate over 8%!! The pride of ownership shows in this immaculately maintained fourplex; no deferred maintanance. This property features four huge townhouse style apartments (1,260 SqFt ea) with 3 bedrooms, 2.5 baths, a 1 car garage with private balconies and views of the Superstition Mountains. Close to shopping, golf courses, riding & hiking trails and much more. Units are very attractive with contemporary two-tone paint and complementary carpet. Like owning 4 homes all under one roof. Easy to rent; the owner has had a low,low vacancy rate during his ownership.

Last Agent to Sell the Property

Scott Bartlowe

Better Homes & Gardens Real Estate SJ Fowler License #BR573483000 Listed on: 08/13/2014

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Thomas Schaub

HomeSmart License #SA646122000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,480

Year Built

  • Built in 1985

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Free Parking
  • Paved Parking
  • RV or Boat Parking

Schools

  • Desert Vista Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 131
  • Assessor Parcel Number 104-13-131-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 75 X 132

Building Details

  • Gross Income $35,280
  • Net Operating Income $28,188

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,480

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: US 60 and Kings Ranch Rd
  • Legal Info Range: 09E
  • Property Type: Multiple Dwellings
  • Zoning: CR-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: From US 60 proceed approximately 1.8 miles east on Kings Ranch Rd to Palm Way. Turn left (north) and proceed to property on right.
  • Road Surface Type: Asphalt
  • Garage Yn: Yes
  • Tax Parcel Letter: D
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, RV/Boat Parking, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 300.0

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 75 X 132
  • Additional Parcels: No
  • Parcel #: 104-13-131-D

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 35280.0
  • Insurance Expense: 2100.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 28188.09
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2479.92
  • Tax Book Number: 104.00
  • Tax Lot: 131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2022
Sold by
Rotella Joseph P
Bought by
Rotella Robin R
Current Estimated Value
$629,010

Purchase Details

Closed on
Apr 27, 2018
Sold by
Marwin Russell A and Marwin Maranna L
Bought by
Rotella Joseph P and Rotella Robin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,600
Interest Rate
4.44%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 22, 2018
Sold by
Kostopoulos Lizabeth
Bought by
Sunny Arizona Living Llc

Purchase Details

Listed on
Aug 13, 2014
Closed on
Sep 29, 2014
Sold by
Holt Gerald L
Bought by
Marwin Family Trust
Seller's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Thomas Schaub
HomeSmart
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%

Purchase Details

Closed on
May 4, 2011
Sold by
Levi Cindy M
Bought by
Holt Gerald L

Purchase Details

Closed on
Mar 22, 2011
Sold by
Victory Investors
Bought by
Levi Cindy M

Purchase Details

Closed on
Dec 1, 2010
Sold by
Kingdon Investors
Bought by
Victory Investors

Purchase Details

Closed on
Aug 8, 2006
Sold by
Levi Cindy M
Bought by
Kingdom Investors

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 1, 2006
Sold by
Levi David
Bought by
Levi Cindy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rotella Robin R -- --
Rotella Joseph P $420,000 Title Alliance Of Arizona Ll
Sunny Arizona Living Llc -- Empire West Title Agency Llc
Marwin Family Trust $315,000 First American Title Ins Co
Holt Gerald L $165,000 Empire West Title Agency
Levi Cindy M -- Empire West Title Agency
Victory Investors -- None Available
Kingdom Investors -- Fidelity National Title Agen
Levi Cindy M -- None Available
Levi Cindy M $480,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rotella Joseph P $33,600
Previous Owner Kingdom Investors $384,000
Previous Owner Levi Cindy M $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2014 10/01/14 Sold $315,000 -3.1% $63 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $325,000 -- $65 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,129 $31,769 -- --
2024 $2,010 $33,128 -- --
2023 $2,096 $29,771 $9,897 $19,874
2022 $2,010 $14,564 $1,979 $12,585
2021 $2,137 $14,777 $0 $0
2020 $2,082 $14,750 $0 $0
2019 $1,998 $14,182 $0 $0
2018 $1,957 $13,714 $0 $0
2017 $1,905 $14,399 $0 $0
2016 $1,858 $15,034 $2,000 $13,034
2014 $1,760 $10,294 $700 $9,594
Source: Public Records

Agents Affiliated with this Home

  • Scott Bartlowe

    Seller's Agent in 2014

    Scott Bartlowe

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    5 in this area

    37 Total Sales

    Scott Bartlowe
    Section Image

  • T

    Buyer's Agent in 2014

    Thomas Schaub

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5157230

Arizona Regional Multiple Listing Service (ARMLS)

APN: 104-13-131D

Arizona Pinal County Gold Canyon 85118

10376 E Palm Way, Gold Canyon, AZ

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

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