NOT LISTED FOR SALE

11002 E University Dr Unit 1-2 Apache Junction, AZ 85120

Northeast Mesa Neighborhood

Estimated Value: $371,000 - $416,744

-- Bed
2 Baths
886 Sq Ft
$445/Sq Ft Est. Value

Last Sold June 25, 2015

Last sale price $100,000 $113 Per Sq Ft

Est. 295% increase in value since last sale

Current estimated payment $2,159/month

71 Days on Market

Highlights

  • Central Heating and Cooling System
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of June 2015

Well maintained duplex. Vaulted ceilings, interior laundry hook ups and private back yards make these easy for people to call home. Fully rented to long term tenants. Great location, close to Loop 202 and US 60 plus all area amenities.
Neighboring units at 11010 & 11016 also available.

Last Listed By

Shannon Exley

AJ Legends Realty, LLC License #BR564744000 Listed on: 03/13/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $634

Year Built

  • Built in 1983

Lot Details

  • 8,668

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for landscaping
  • Tax Lot 64
  • Assessor Parcel Number 220-10-064

Community Details

Overview

  • 2 Units
  • Building Dimensions are Irregular 79.9' N 65' S 95' W 110' E

Building Details

  • Gross Income $12,255
  • Net Operating Income $9,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$634

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Signal Butte and University
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2014
  • Directions: W on University to property on N side of street
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1260.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: Irregular 79.9' N 65' S 95' W 110' E
  • Additional Parcels: Yes
  • Parcel #: 220-10-064

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 12255.0
  • Insurance Expense: 905.5
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 9184.5
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 634.0
  • Tax Book Number: 220.00
  • Tax Lot: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2015
Closed on
Jun 15, 2015
Sold by
O E Nelson Enterprises 1983 Ltd
Bought by
Lei Jin Yuan and Yu Qi Xia
Seller's Agent
Shannon Exley
AJ Legends Realty, LLC
Buyer's Agent
Victoria Yang
Sweet Dream Homes Realty
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%
Total Days on Market
71
Current Estimated Value
$394,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,581
Avg. Annual Appreciation
15.62%
Original Mortgage
$70,000
Outstanding Balance
$55,548
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$363,869

Range of Values:

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Average Value
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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
Lei Jin Yuan $100,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lei Jin Yuan $70,000
Previous Owner Cook Gordon P $93,064
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2015 06/25/15 Sold $100,000 -9.1% $113 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $110,000 -- $124 / 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 $775 $8,612 -- --
2024 $785 $8,202 -- --
2023 $785 $30,100 $6,020 $24,080
2022 $766 $17,980 $3,590 $14,390
2021 $765 $16,150 $3,230 $12,920
2020 $758 $14,330 $2,860 $11,470
2019 $703 $12,410 $2,480 $9,930
2018 $685 $11,510 $2,300 $9,210
2017 $661 $9,420 $1,880 $7,540
2016 $648 $8,670 $1,730 $6,940
2015 $605 $8,520 $1,700 $6,820
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Shannon Exley

    AJ Legends Realty, LLC

  • V

    Buyer's Agent in 2015

    Victoria Yang

    Sweet Dream Homes Realty

    (480) 335-8298

    7 Total Sales

    Victoria Yang
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5249441

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-10-064

Arizona Maricopa County Apache Junction 85120 Northeast Mesa

11002 E University Dr Unit 1-2, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 11002 E University Dr Unit 1-2, Apache Junction, AZ 85120 since 13 March 2015 and is currently estimated at $394,581, approximately $445 per square foot. This property was built in 1983. 11002 E University Dr Unit 1-2 is a home located in Maricopa County with nearby schools including Sousa Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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