NOT LISTED FOR SALE

1478 E 26th Ln Apache Junction, AZ 85119

Estimated Value: $476,000 - $574,000

-- Bed
-- Bath
3,300 Sq Ft
$159/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $220,000 $67 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,043/month

98 Days on Market

Highlights

  • 8 Car Attached Garage
  • Ceramic Tile Flooring
  • Heat Pump System
  • Cooling Available

About This Home

As of July 2017

Fresh exterior paint! All large 2 bedroom units! Tile in all the right places, and washer/dryer hookups! Covered parking and individual yards make this attractive to tenants! Low expenses (since the tenants pay their own water and electric) make this extremely attractive to investors! Rents have upside! The facts and figures were believed to be accurate, but buyer to verify all items during the due diligence period.

Last Listed By

Lois Kaipainen

Income Property Shop License #SA567276000 Listed on: 03/19/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1980

Lot Details

  • 9,670

Parking

  • 8 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, cable TV
  • The owner pays for landscaping
  • Tax Lot 1700
  • Assessor Parcel Number 102-27-199

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $5,190
  • Gross Income $25,365
  • Net Operating Income $20,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,290

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Tomahawk & US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2015
  • Directions: North on Tomahawk to 26th Lane, West to property on North side of street. NEC of Yavapai and 26th Ln.
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Attached, 1 Space/Unit
  • Attached Garage: Yes
  • 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:Attached: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 102-27-199

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25365.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 20175.0
  • Annual Operating Expense: 5190.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1290.0
  • Tax Book Number: 102.00
  • Tax Lot: 1700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2024
Sold by
Salt River Equity Llc
Bought by
C & C Rascon Investments Inc
Total Days on Market
98
Current Estimated Value
$524,606

Purchase Details

Listed on
Mar 19, 2017
Closed on
Jul 26, 2017
Sold by
Berkner Palm Properties Llc
Bought by
Sun Andrew and Rong Yujun
Seller's Agent
Lois Kaipainen
Income Property Shop
Buyer's Agent
Estelle Bertola
Arizona Homes Plus
List Price
$239,000
Sold Price
$220,000
Premium/Discount to List
-$19,000
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.15%
Original Mortgage
$165,000
Interest Rate
3.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 12, 2004
Sold by
Berkner Kristin Mary and Palm Craig Steven
Bought by
Berkner Palm Properties Llc

Purchase Details

Closed on
Jun 9, 2004
Sold by
Agnick Theodore A
Bought by
Palm Craig S and Berkner Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 1998
Sold by
Fraker Bonnie G
Bought by
Agnick Theodore A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 1995
Sold by
Z Snap Inc
Bought by
Fraker Bonnie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.58%

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 Buyer Sale Price Title Company
C & C Rascon Investments Inc $499,900 American Title Service Agency
Salt River Equity Llc $427,000 Old Republic Title
Sun Andrew $220,000 Chicago Title Agency
Berkner Palm Properties Llc -- --
Palm Craig S $182,000 Chicago Title Insurance Co
Agnick Theodore A $135,000 Transnation Title Ins Co
Fraker Bonnie G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sun Andrew W $151,000
Previous Owner Sun Andrew $165,000
Previous Owner Berkner Palm Properties Llc $90,000
Previous Owner Palm Craig S $144,000
Previous Owner Agnick Theodore A $121,100
Previous Owner Agnick Theodore A $121,500
Previous Owner Fraker Bonnie G $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $220,000 -3.9% $67 / Sq Ft
06/25/2017 06/25/17 Pending -- -- --
05/10/2017 05/10/17 Price Changed $229,000 -2.1% $69 / Sq Ft
04/21/2017 04/21/17 Price Changed $234,000 -2.1% $71 / Sq Ft
04/20/2017 04/20/17 For Sale $239,000 0.0% $72 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/19/2017 03/19/17 For Sale $239,000 -- $72 / 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 $1,611 $20,580 -- --
2024 $1,586 $20,559 -- --
2023 $1,586 $13,859 $0 $0
2022 $1,520 $20,816 $2,902 $17,914
2021 $1,548 $19,652 $0 $0
2020 $1,509 $15,762 $0 $0
2019 $1,447 $15,050 $0 $0
2018 $1,418 $9,567 $0 $0
2017 $1,380 $9,242 $0 $0
2016 $1,346 $8,865 $1,100 $7,765
2014 $1,480 $8,654 $1,100 $7,554
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lois Kaipainen

    Income Property Shop

    Section Image

  • E

    Buyer's Agent in 2017

    Estelle Bertola

    Arizona Homes Plus

    (480) 755-7315

    2 in this area

    10 Total Sales

    Estelle Bertola
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5577779

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-199

Arizona Pinal County Apache Junction 85119

1478 E 26th Ln, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 1478 E 26th Ln, Apache Junction, AZ 85119 since 19 March 2017 and is currently estimated at $524,606, approximately $158 per square foot. This property was built in 1980. 1478 E 26th Ln 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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