NOT LISTED FOR SALE

Estimated Value: $411,915 - $527,000

Studio
1 Bath
700 Sq Ft
$666/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $382,000 $546 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,489/month

20 Days on Market

Highlights

  • RV or Boat Parking
  • Cooling Available
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Community Barbecue Grill
  • Concrete Flooring

About This Home

As of August 2020

let your tenants pay your mortgage

In Maricopa county,
Apache junction mailing address only

All newer electrical boxes
2 cottages have had the siding replaced
low maintenance
one tenant has stayed over 10 years
all stay a very long time

let your tenants pay your mortgage

Very quiet, end of the street
no noise very private

Can park RV's etc on the very large lot

over 1/2 acre of land 4 separate homes
All 1 bedroom and 1 bath
picnic area with gazebo

Each unit pays their own electric and gas

Last Agent to Sell the Property

Kerry OConnor

DeLex Realty License #BR027287000 Listed on: 06/15/2020

DeLex Realty

Co-Listed By

David Mandly

DeLex Realty License #SA503768000

Last Buyer's Agent

Lyle Burton

Barrett Real Estate License #SA652805000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $724

Year Built

  • Built in 1959

Lot Details

  • 0.57

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 10 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • RV or Boat Parking

Schools

  • Sousa Elementary School
  • Smith Junior High School
  • Skyline High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, landscaping
  • Assessor Parcel Number 220-47-060-A

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 200 x 125

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $4,734
  • Gross Income $33,300
  • Net Operating Income $28,566

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$724

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Apache Trail/Crismon
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2019
  • Road Surface Type: Private Street
  • Professional Management Expense: 1800.0
  • Co List Office Mls Id: dele001
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free, RV/Boat Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 160.0

Schools

  • Elementary School: Sousa Elementary School
  • High School: Skyline High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Smith Junior High School

Lot Info

  • Lot Size: 200 x 125
  • Additional Parcels: No
  • Parcel #: 220-47-060-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 33300.0
  • Insurance Expense: 550.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 28566.0
  • Annual Operating Expense: 4734.0

Tax Info

  • Tax Annual Amount: 724.0
  • Tax Book Number: 220.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Aug 5, 2020
Sold by
Mandly Daniel and Connor Kerry O
Bought by
Lane Douglas
Seller's Agent
Kerry OConnor
DeLex Realty
Buyer's Agent
Lyle Burton
Barrett Real Estate
List Price
$420,000
Sold Price
$382,000
Premium/Discount to List
-$38,000
-9.05%
Current Estimated Value
$465,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,979
Avg. Annual Appreciation
3.71%
Original Mortgage
$395,752
Outstanding Balance
$351,708
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$114,271

Purchase Details

Closed on
Oct 7, 2019
Sold by
Mandly Daniel
Bought by
Mandly Daniel and Connor Kerry O

Purchase Details

Closed on
Feb 15, 2013
Sold by
Mandly Daniel J
Bought by
Mandly Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,346
Interest Rate
3.36%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 2005
Sold by
Hernandez Ray L and Hernandez Asunda S R
Bought by
Mandly Daniel J and Mandly Daniel Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,650
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2001
Sold by
Spaulding Stephen L and Spaulding Karen R
Bought by
Hernandez Ray L and Hernandez Asunda S R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,920
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 1999
Sold by
Pansing Nicholas W and Pansing Connie J B
Bought by
Spaulding Stephen L and Spaulding Karen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 1998
Sold by
Pansing Nicholas W and Pansing Connie J B
Bought by
Pansing Nicholas W and Pansing Connie J B

Purchase Details

Closed on
Apr 4, 1997
Sold by
Hudson Robert E and Hudson Sandra D
Bought by
Pansing Nicholas W and Pansing Connie Jb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
7.96%
Mortgage Type
Seller Take Back
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lane Douglas $382,000 Empire West Title Agency Llc
Mandly Daniel -- None Available
Mandly Daniel -- Accommodation
Mandly Daniel J $271,000 Arizona Title Agency Inc
Hernandez Ray L $119,900 Old Republic Title Agency
Spaulding Stephen L $105,000 Old Republic Title Agency
Pansing Nicholas W -- --
Pansing Nicholas W $85,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Douglas $395,752
Previous Owner Mandly Daniel $202,346
Previous Owner Mandly Daniel J $40,650
Previous Owner Hernandez Ray L $95,920
Previous Owner Spaulding Stephen L $84,000
Previous Owner Pansing Nicholas W $72,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2020 08/10/20 Sold $382,000 -2.1% $546 / Sq Ft
08/01/2020 08/01/20 Price Changed $390,000 0.0% $557 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
06/23/2020 06/23/20 Price Changed $390,000 -2.5% $557 / Sq Ft
06/18/2020 06/18/20 Price Changed $400,000 -4.8% $571 / Sq Ft
06/14/2020 06/14/20 For Sale $420,000 -- $600 / Sq Ft
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 $799 $8,861 -- --
2024 $809 $8,439 -- --
2023 $809 $26,510 $5,300 $21,210
2022 $658 $20,700 $4,140 $16,560
2021 $666 $17,870 $3,570 $14,300
2020 $781 $15,960 $3,190 $12,770
2019 $724 $15,260 $3,050 $12,210
2018 $706 $12,770 $2,550 $10,220
2017 $682 $9,100 $1,820 $7,280
2016 $667 $8,780 $1,750 $7,030
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6090914

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-47-060A