NOT LISTED FOR SALE

11016 E University Dr Unit 1-2 Apache Junction, AZ 85120

Northeast Mesa Neighborhood

Estimated Value: $375,431

2 Beds
2 Baths
886 Sq Ft
$424/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $107,400 $121 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $2,056/month

27 Days on Market

Highlights

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

About This Home

As of May 2015

Well maintained duplex features vaulted ceilings, inside laundry hook ups, & private back yards making them easy for people to call home. Close to 202, 60 & all area amenities. Fully occupied with long term tenants. Neighboring parcels 11002 & 11010 also available for a total of 6 units.

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

  • $630

Year Built

  • Built in 1984

Lot Details

  • 7,710

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 66
  • Assessor Parcel Number 220-10-066

Community Details

Overview

  • 2 Units
  • Building Dimensions are 70' X 110'
  • Grandview Manor Subdivision

Building Details

  • Operating Expense $3,701
  • Gross Income $12,255
  • Net Operating Income $9,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$630

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Signal Butte and University
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2014
  • Directions: W on University to property on N side of street
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1260.0
  • Subdivision Name: Grandview Manor
  • 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: 70' X 110'
  • Additional Parcels: Yes
  • Parcel #: 220-10-066

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
  • Annual Operating Expense: 3700.5
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 630.0
  • Tax Book Number: 220.00
  • Tax Lot: 66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 25, 2015
Sold by
Montford Terrie
Bought by
Montford Richard
Seller's Agent
Shannon Exley
AJ Legends Realty, LLC
Buyer's Agent
Gail Davis
ProSmart Realty
List Price
$110,000
Sold Price
$107,400
Premium/Discount to List
-$2,600
-2.36%
Total Days on Market
27
Current Estimated Value
$375,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,031
Avg. Annual Appreciation
13.93%
Original Mortgage
$75,180
Outstanding Balance
$58,665
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$336,410

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Montford Richard -- American Title Svc Agency Ll
Montford Richard $107,400 American Title Svc Agency Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montford Richard $75,180
Closed Montford Richard $75,180
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $107,400 -2.4% $121 / Sq Ft
03/25/2015 03/25/15 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 $769 $8,548 -- --
2024 $779 $8,141 -- --
2023 $779 $29,750 $5,950 $23,800
2022 $761 $17,780 $3,550 $14,230
2021 $759 $15,900 $3,180 $12,720
2020 $753 $14,130 $2,820 $11,310
2019 $697 $12,300 $2,460 $9,840
2018 $680 $11,420 $2,280 $9,140
2017 $657 $9,360 $1,870 $7,490
2016 $643 $8,580 $1,710 $6,870
2015 $600 $8,460 $1,690 $6,770
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Shannon Exley

    AJ Legends Realty, LLC

  • Gail Davis

    Buyer's Agent in 2015

    Gail Davis

    ProSmart Realty

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5249456

Arizona Regional Multiple Listing Service (ARMLS)

APN: 220-10-066

Arizona Maricopa County Apache Junction 85120 Northeast Mesa

11016 E University Dr Unit 1-2, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 11016 E University Dr Unit 1-2, Apache Junction, AZ 85120 since 13 March 2015 and is currently priced at $375,431, approximately $423 per square foot. This property was built in 1984. 11016 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

Nearby Homes