NOT LISTED FOR SALE

1462 E 28th Ave Apache Junction, AZ 85119

Estimated Value: $484,000 - $605,283

-- Bed
-- Bath
3,232 Sq Ft
$169/Sq Ft Est. Value

Last Sold February 29, 2016

Last sale price $160,000 $50 Per Sq Ft

Est. 241% increase in value since last sale

Current estimated payment $3,126/month

63 Days on Market

About This Home

As of February 2016

SHORT SALE! Owners poor management and sellers loss is your gain. Great 4 plex with easy access to freeways and employment centers. Newer building for the area and low maintenance desert landscaping. Past year averaging only about 30% occupancy. Rents below comps. This is a great opportunity for increased value. Many of these expenses are variable/not required and not fixed. A new owner may be able to do much better.

Last Agent to Sell the Property

Jason Moss

RCP Real Estate LLC License #BR629382000 Listed on: 09/16/2014

Last Buyer's Agent

Chanson Jones

Berkshire Hathaway HomeServices Arizona Properties License #SA625023000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,424

Year Built

  • Built in 2001

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Schools

  • Desert Vista Elementary School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 1641
  • Assessor Parcel Number 102-27-140

Community Details

Overview

  • 4 Units
  • Building Dimensions are 90x109

Building Details

  • Operating Expense $20,084
  • Gross Income $22,680
  • Net Operating Income $10,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,424

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: Tomahawk and US60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: RESIDENTIAL
  • Number Of Buildings: 1
  • Year Built: 2001
  • Tax Year: 2014
  • Road Surface Type: Asphalt, Alley
  • Professional Management Expense: 805.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • 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
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 73.71
  • Annual Water Sewer Expense: 347.79

Schools

  • Elementary School: Desert Vista Elementary School

Lot Info

  • Lot Size: 90x109
  • Additional Parcels: No
  • Parcel #: 102-27-140

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 22680.0
  • Insurance Expense: 1432.0
  • Maintenance Expense: 6347.04
  • Property Net Operating Income: 10310.88
  • Annual Operating Expense: 20083.97
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2424.12
  • Tax Book Number: 102.00
  • Tax Lot: 1641

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2021
Sold by
Mckeon John
Bought by
Tomahawk Property 1 Llc
Current Estimated Value
$545,821

Purchase Details

Closed on
Aug 24, 2021
Sold by
Mckeon John
Bought by
Tomahawk Property 1 Llc

Purchase Details

Closed on
Sep 18, 2018
Sold by
Richards Barrington F and Jones Richards Joybell J
Bought by
Mckeon John

Purchase Details

Closed on
Dec 9, 2005
Sold by
Foushee Neal
Bought by
Richards Barrington and Jones Joybell J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2004
Sold by
Lackey Gerald D and Lackey Patricia C
Bought by
Foushee Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,122
Interest Rate
6.02%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2003
Sold by
Mcgee Michael and Mcgee Jamie
Bought by
Lackey Gerald D and Lackey Patricia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2002
Sold by
Aston James and Aston Ina
Bought by
Mcgee Michael and Mcgee Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,400
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2002
Sold by
Mcgee Michael and Mcgee Jamie
Bought by
Mcgee Michael and Mcgee Jamie

Purchase Details

Closed on
Aug 7, 2000
Sold by
Lavender Brian and Lavender Stephanie
Bought by
Aston James and Aston Ina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,750
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 1997
Sold by
Lavender Brian A and Lavender Stephanie
Bought by
Lavender Brian and Lavender Stephanie

Purchase Details

Closed on
Jun 9, 1997
Sold by
Bonita Rose T
Bought by
Lavender Brian A and Lavender Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,250
Interest Rate
7.92%
Mortgage Type
Seller Take Back
Source: Public Records

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
Tomahawk Property 1 Llc -- None Listed On Document
Tomahawk Property 1 Llc -- None Listed On Document
Mckeon John $260,100 None Available
Richards Barrington $380,000 Dhi Title Of Arizona Inc
Foushee Neal $251,000 Lawyers Title Insurance Corp
Lackey Gerald D $247,000 First American Title Insuran
Mcgee Michael $218,000 First American Title Ins Co
Mcgee Michael -- --
Mcgee Michael -- --
Mcgee Michael -- --
Mcgee Michael -- --
Mcgee Michael -- --
Aston James $26,000 First American Title
Lavender Brian -- --
Lavender Brian A $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards Barrington $304,000
Previous Owner Foushee Neal $247,122
Previous Owner Lackey Gerald D $185,250
Previous Owner Mcgee Michael $174,400
Previous Owner Aston James $12,750
Previous Owner Lavender Brian A $4,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2016 02/29/16 Sold $160,000 -3.0% $50 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $165,000 -- $51 / 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 $3,062 $32,696 -- --
2024 $2,890 $33,010 -- --
2023 $3,014 $24,566 $0 $0
2022 $2,890 $22,268 $2,935 $19,333
2021 $2,944 $21,925 $0 $0
2020 $2,868 $21,014 $0 $0
2019 $2,751 $20,449 $0 $0
2018 $2,695 $17,422 $0 $0
2017 $2,624 $17,334 $0 $0
2016 $2,559 $16,777 $1,100 $15,677
2014 $2,424 $14,177 $1,100 $13,077
Source: Public Records

Agents Affiliated with this Home

  • Jason Moss

    Seller's Agent in 2016

    Jason Moss

    RCP Real Estate LLC

    (480) 636-6386

    5 in this area

    83 Total Sales

    Jason Moss
    Section Image

  • C

    Buyer's Agent in 2016

    Chanson Jones

    Berkshire Hathaway HomeServices Arizona Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5171855

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-140

Arizona Pinal County Apache Junction 85119

1462 E 28th Ave, Apache Junction, AZ

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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