NOT LISTED FOR SALE

1457 E 28th Ave Apache Junction, AZ 85119

Estimated Value: $349,590 - $576,000

-- Bed
-- Bath
3,208 Sq Ft
$151/Sq Ft Est. Value

Last Sold November 07, 2015

Last sale price $170,000 $53 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $2,810/month

26 Days on Market

Highlights

  • Multiple cooling system units
  • Carpet
  • Heating Available

About This Home

As of November 2015

Great opportunity to get in on this multi family. Fully occupied in great location near US60. Check it out - 3778 sq ft building on 9820 sq ft lot. Looks like a 12 cap. Do not disturb tenant.

Last Listed By

Timothy Schutt

Wrangler Real Estate Brokerage Phone: 480-510-4555 License #BR567000000 Listed on: 09/05/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,246

Year Built

  • Built in 1980

Lot Details

  • 9,801

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Private Water Source
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, sewer
  • Tax Lot 1632
  • Assessor Parcel Number 102-27-131

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100X90
  • Palm Springs Subdivision

Building Details

  • Operating Expense $6,010
  • Gross Income $31,200
  • Net Operating Income $25,672

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,246

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: US 60/TOMAHAWK
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2014
  • Directions: North of US 60 on 28th Ave
  • Attribution Contact: 480-510-4555
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1500.0
  • Co List Office Mls Id: lgry01
  • Co List Office Phone: 480-510-4555
  • Subdivision Name: Palm Springs
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Brick Veneer, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Window/Wall Unit, Electric, Individual, 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 980.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 100X90
  • Additional Parcels: No
  • Parcel #: 102-27-131

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Insurance Expense: 784.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 25672.0
  • Annual Operating Expense: 6010.0

Tax Info

  • Tax Annual Amount: 1246.0
  • Tax Book Number: 102.00
  • Tax Lot: 1632

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2015
Closed on
Nov 5, 2015
Sold by
J & J Property Holdings Lc
Bought by
Moose Tracks Ii Llc
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$199,000
Sold Price
$170,000
Premium/Discount to List
-$29,000
-14.57%
Total Days on Market
26
Current Estimated Value
$483,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,148
Avg. Annual Appreciation
11.84%

Purchase Details

Listed on
Sep 5, 2015
Closed on
Nov 4, 2015
Sold by
Advanced Property Tax Liens Inc
Bought by
J & J Property Holdings Lc
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$199,000
Sold Price
$170,000
Premium/Discount to List
-$29,000
-14.57%

Purchase Details

Listed on
Sep 5, 2015
Closed on
Oct 7, 2015
Sold by
Sunbelt Apartments Llc
Bought by
Advanced Property Tax Liens Inc
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$199,000
Sold Price
$170,000
Premium/Discount to List
-$29,000
-14.57%

Purchase Details

Closed on
Jan 3, 2006
Sold by
Jerome David H
Bought by
Spin Off 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
$277,500
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 8, 2005
Sold by
Jerome Elizabeth A
Bought by
Jerome David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 29, 2005
Sold by
Jerome David H
Bought by
Spin Off Properties Llc

Purchase Details

Closed on
Jan 5, 2005
Sold by
Jerome Elizabeth
Bought by
Jerome David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,950
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 6, 2004
Sold by
Sundaram Shankar
Bought by
Reram Llc

Purchase Details

Closed on
Jul 27, 2004
Sold by
Kristaco Llc
Bought by
Sundaram Shankar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,500
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 23, 2004
Sold by
Ganesan Sunita
Bought by
Sundaram Shankar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,500
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 14, 2004
Sold by
Meyer Leonard E and Meyer Paula J
Bought by
Kristaco Llc

Purchase Details

Closed on
Jun 5, 2002
Sold by
Meyer Leonard and Meyer Paula
Bought by
The Len Meyer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2002
Sold by
Jones Christopher and Jones Allison
Bought by
Meyer Leonard and Meyer Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 1999
Sold by
Inman Steven S and Plaza Lisa A
Bought by
Jones Christopher and Jones Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
10.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 1997
Sold by
Webster Richard L and Webster Rita E
Bought by
Inman Steven S and Plaza Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,650
Interest Rate
7.91%
Mortgage Type
New Conventional

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
Moose Tracks Ii Llc $170,000 Stewart Title & Tr Of Tucson
J & J Property Holdings Lc -- None Available
Advanced Property Tax Liens Inc -- None Available
Spin Off Properties Llc -- None Available
Jerome David H -- First American Title Insuran
Jerome David H -- First American Title Insuran
Spin Off Properties Llc -- First American Title Insuran
Jerome David H -- Security Title Agency Inc
Jerome David H $230,000 Security Title Agency Inc
Reram Llc -- --
Sundaram Shankar $205,000 First American Title Ins Co
Sundaram Shankar -- First American Title Ins Co
Kristaco Llc -- --
The Len Meyer Llc -- --
Meyer Leonard $188,000 First American Title
Jones Christopher $124,000 Transnation Title Ins Co
Inman Steven S $108,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jerome David H $277,500
Previous Owner Jerome David H $181,950
Previous Owner Sundaram Shankar $159,500
Previous Owner Meyer Leonard $150,400
Previous Owner Jones Christopher $93,000
Previous Owner Inman Steven S $97,650
Closed Jones Christopher $18,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2015 11/07/15 Sold $170,000 -14.6% $53 / Sq Ft
10/01/2015 10/01/15 Pending -- -- --
09/05/2015 09/05/15 For Sale $199,000 -- $62 / 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 $1,574 $27,477 -- --
2024 $1,486 $28,242 -- --
2023 $1,549 $20,954 $2,946 $18,008
2022 $1,486 $25,644 $2,946 $22,698
2021 $1,513 $25,062 $0 $0
2020 $1,474 $20,920 $0 $0
2019 $1,414 $20,576 $0 $0
2018 $1,385 $13,723 $0 $0
2017 $1,349 $13,797 $0 $0
2016 $1,315 $13,844 $1,100 $12,744
2014 $1,246 $7,287 $1,100 $6,187
Source: Public Records

Agents Affiliated with this Home

  • Timothy Schutt

    Seller's Agent in 2015

    Timothy Schutt

    Wrangler Real Estate

    (520) 591-0027

    5 in this area

    1,770 Total Sales

    Timothy Schutt
    Section Image
  • Richard Schutt

    Seller Co-Listing Agent in 2015

    Richard Schutt

    Wrangler Real Estate

    (480) 313-2246

    5 in this area

    1,198 Total Sales

    Richard Schutt
    Section Image
  • Morten Pedersen

    Buyer's Agent in 2015

    Morten Pedersen

    Lori Blank & Associates, LLC

    (480) 289-9821

    1 Total Sale

    Morten Pedersen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5330861

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-131

Arizona Pinal County Apache Junction 85119

1457 E 28th Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 1457 E 28th Ave, Apache Junction, AZ 85119 since 05 September 2015 and is currently estimated at $483,148, approximately $150 per square foot. This property was built in 1980. 1457 E 28th Ave is a home located in Pinal County with nearby schools including Peralta Trail Elementary School, Cactus Canyon Junior High School, and Apache Junction High 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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