$155,000
SOLD MAR 28, 2013

1417 E Southern Ave Apache Junction, AZ 85119

-- Bed
-- Bath
3,280 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

3% Below List Price

9 Days on Market

About This Home

As of July 2017

Super Clean 4-plex great investment 100% occupied with long term tenants. All units are large 820sqft. 2 bedroom 1 bath units. Property has 3 newer AC units,easy access to us 60 and close to schools. Please drive by only do not distirb tenants.

Last Agent to Sell the Property

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 02/18/2013

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,771

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Peralta Trail Elementary School
  • Apache Junction High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water
  • Tax Lot 1755
  • Assessor Parcel Number 102-27-254

Community Details

Overview

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

Building Details

  • Operating Expense $5,571
  • Gross Income $23,940
  • Net Operating Income $18,789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,771

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Southern and Tomahawk
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2011
  • Directions: Southern and Tomahawk west on Southern to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: Palm Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: 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
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Peralta Trail Elementary School
  • High School: Apache Junction High School

Lot Info

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

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23940.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 18789.0
  • Annual Operating Expense: 5571.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1771.0
  • Tax Book Number: 102.00
  • Tax Lot: 1755

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2021
Sold by
Canavier Joseph V and Canavier Lisa A
Bought by
Buturla Arkadiusz W and Buturla Wioletta A
Current Estimated Value
$495,000

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
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 15, 2017
Closed on
Jul 7, 2017
Sold by
Scardino Charles and Scardino Maureen
Bought by
Canvier Joseph V and Canvier Lisa A
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
10.76%
Original Mortgage
$90,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2013
Closed on
Mar 21, 2013
Sold by
Valley Rental Properties Llc
Bought by
Scardino Charles and Scardino Maureen
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
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2010
Sold by
Az Apartment Rentals Llc
Bought by
Valley Rentalproperties Llc

Purchase Details

Closed on
Jan 20, 2010
Sold by
Us Bank National Association
Bought by
Az Apartment Rentals Llc

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
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2009
Sold by
Lagese Craig and Desai Lagese Hansa
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 16, 2006
Sold by
Lagese Craig and Desai Lagese Hansa
Bought by
Lagese Craig and Desai Lagese Hansa

Purchase Details

Closed on
Jan 3, 2006
Sold by
Rbsd Properties Llc
Bought by
Desai Lagese Craig and Desai Lagese Hansa

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
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2005
Sold by
Guengerich Bethany
Bought by
Guengerich Robert

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
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 1, 2005
Sold by
Igloo Properties Llc
Bought by
Guengerich Robert A

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
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 17, 2004
Sold by
Iglewski Rudolph Daniel and Iglewski Rudolph Daniel
Bought by
Igloo Properties Llc

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
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 12, 2004
Sold by
Igloo Properties Llc
Bought by
Iglewski Rudolph Daniel and Iglewski Rudolph Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 4, 2003
Sold by
Iglewski Rudolph and Iglewski Sandra
Bought by
Igloo Properties Llc

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
6%

Purchase Details

Closed on
Feb 26, 2003
Sold by
Igloo Properties Llc
Bought by
Iglewski Rudolph and Iglewski Sandra

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
6%

Purchase Details

Closed on
Oct 16, 2002
Sold by
Passariello Robert
Bought by
Igloo Properties Llc

Purchase Details

Closed on
Sep 27, 2002
Sold by
Iglewski Michelle
Bought by
Iglewski Rudolph Daniel

Purchase Details

Closed on
Feb 14, 2002
Sold by
Donahue James C and Donahue Agnes M
Bought by
Passariello Robert

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
6.99%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $385,000 Empire West Title Agency Llc
Warranty Deed $223,875 Yavapal Title Agency
Warranty Deed $155,000 Yavapai Title Agency Inc
Cash Sale Deed $102,500 Security Title Agency
Special Warranty Deed $80,000 First American Title Ins Co
Trustee Deed $225,250 Accommodation
Interfamily Deed Transfer -- None Available
Warranty Deed $361,000 Lawyers Title Insurance Corp
Interfamily Deed Transfer -- Dhi Title Of Arizona Inc
Warranty Deed $265,000 Dhi Title Of Arizona Inc
Warranty Deed -- Capital Title Agency Inc
Joint Tenancy Deed -- Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed -- Capital Title Agency Inc
Warranty Deed $183,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $150,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $387,750 New Conventional
Closed $440,000 Commercial
Previous Owner $90,000 New Conventional
Previous Owner $108,500 New Conventional
Previous Owner $60,000 Purchase Money Mortgage
Previous Owner $270,750 New Conventional
Previous Owner $185,500 Fannie Mae Freddie Mac
Previous Owner $185,500 Fannie Mae Freddie Mac
Previous Owner $61,000 Credit Line Revolving
Previous Owner $140,000 No Value Available
Previous Owner $135,000 Seller Take Back
Closed $0 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 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 $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: 4892231

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-254