NOT LISTED FOR SALE

Estimated Value: $389,000 - $548,000

Studio
-- Bath
3,280 Sq Ft
$145/Sq Ft Est. Value

Sale Details

Date Sold: July 21, 2017

Last sale price $223,875 $68 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $2,747 / mo

102 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Ceramic Tile Flooring

About This Home

As of July 2017

Fantastic location: 4-plex with large 2 bedroom units are easy to rent, with off street parking and fabulous floor plan with room for kitchen table. Fenced-in rear yards. You can’t beat the work that has gone into upgrades including: A/Cs, roofing, water heaters, refrigerators, various plumbing fixtures, mirror closet doors (unit #1), sewage lines, exterior window trim and lots of flooring. Separate W/D room now associated with unit #1, may be converted to a profit center, for all tenants. No showing of units without an accepted Contract, drive-by only. In May of ‘17 extensive work done to rehab and upgrade two units. Two exclusive lists of improvements in docs tab. As of 4/17 there was a waiting list for units.

Last Agent to Sell the Property

John Gordon

Coldwell Banker Realty License #BR009377000 Listed on: 03/15/2017

Coldwell Banker Realty

Last Buyer's Agent

John Gordon

CONNOLLY REALTY AND ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,286

Year Built

  • Built in 1981

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking

Schools

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

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 1755
  • Assessor Parcel Number 102-27-254

Community Details

Overview

  • 4 Units
  • Building Dimensions are 90x109
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $6,791
  • Gross Income $26,381
  • Net Operating Income $19,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,286

Year Built

Built in 1981

Lot Details

9,801 Sq Ft Lot

Listing Details

  • Cross Street: Tomahawk & Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2016
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 265.0
  • Annual Water Sewer Expense: 1150.0

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: 90x109
  • Additional Parcels: No
  • Parcel #: 102-27-254

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Annual Gross Income: 26380.8
  • Insurance Expense: 1150.0
  • Maintenance Expense: 2140.0
  • Property Net Operating Income: 19589.8
  • Annual Operating Expense: 6791.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1286.0
  • Tax Book Number: 102.00
  • Tax Lot: 1755

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2021
Sold by
Bought by
Current Estimated Value
$477,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
0.03%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 15, 2017
Closed on
Jul 7, 2017
Sold by
Bought by
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
John Gordon
Coldwell Banker Realty
List Price
$231,000
Sold Price
$223,875
Premium/Discount to List
-$7,125
-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
8.73%
Original Mortgage
$90,000
Interest Rate
0.0389%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2013
Closed on
Mar 21, 2013
Sold by
Bought by
Seller's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.88%
Original Mortgage
$108,500
Interest Rate
0.0349%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
0.0502%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
0.0627%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
0.0587%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
0.0587%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 17, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
0.0587%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 12, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
0.06%

Purchase Details

Closed on
Feb 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
0.06%

Purchase Details

Closed on
Oct 16, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2002
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
0.0699%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$385,000 Empire West Title Agency Llc
$223,875 Yavapal Title Agency
$155,000 Yavapai Title Agency Inc
$102,500 Security Title Agency
$80,000 First American Title Ins Co
$225,250 Accommodation
-- None Available
$361,000 Lawyers Title Insurance Corp
-- Dhi Title Of Arizona Inc
$265,000 Dhi Title Of Arizona Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
$183,000 Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
$150,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $440,000
Previous Owner $90,000
Previous Owner $108,500
Previous Owner $60,000
Previous Owner $270,750
Previous Owner $185,500
Previous Owner $185,500
Previous Owner $140,000
Previous Owner $135,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2017 07/21/17 Sold $223,875 -3.1% $68 / Sq Ft
06/25/2017 06/25/17 Pending -- -- --
06/23/2017 06/23/17 For Sale $231,000 0.0% $70 / Sq Ft
06/21/2017 06/21/17 Pending -- -- --
03/24/2017 03/24/17 Price Changed $231,000 +1.3% $70 / Sq Ft
03/15/2017 03/15/17 For Sale $228,000 +47.1% $70 / Sq Ft
03/28/2013 03/28/13 Sold $155,000 -3.1% $47 / Sq Ft View Prior Sale
02/27/2013 02/27/13 Pending -- -- --
02/18/2013 02/18/13 For Sale $159,900 -- $49 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,538 $19,496
2024 $1,479 $19,531
2023 $1,514 $12,923 $2,944 $9,979
2022 $1,452 $19,266 $2,944 $16,322
2021 $1,479 $18,199 $0 $0
2020 $1,441 $19,892 $0 $0
2019 $1,382 $19,239 $0 $0
2018 $1,354 $8,675 $0 $0
2017 $1,318 $8,452 $0 $0
2016 $1,286 $8,115 $1,100 $7,015
2014 $1,404 $8,213 $1,100 $7,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5575664

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-254

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