NOT LISTED FOR SALE

1484 W Apache Trail Apache Junction, AZ 85120

-- Bed
-- Bath
11,430 Sq Ft
8.48 Acres

Last Sold November 30, 2021

Last sale price $1,250,000 $109 Per Sq Ft

1,914 Days on Market

Highlights

  • 8.48 Acre Lot
  • Central Air
  • Concrete Flooring

About This Home

As of November 2021

4.48 Acres in the Heart of Apache Junction. This Property has the Potential for a New Commercial Development Site. Income producing property with long term tenants.

Last Agent to Sell the Property

Charlie Wise

Lost Dutchman Realty License #BR573784000 Listed on: 04/28/2016

Last Buyer's Agent

Charlie Wise

Lost Dutchman Realty License #BR573784000 Listed on: 04/28/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 1968

Lot Details

  • 8.48 Acre Lot
  • Additional Parcels
  • Property is zoned C3/PD

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof

Interior Spaces

  • 11,430 Sq Ft Home
  • Concrete Flooring

Parking

  • 100 Open Parking Spaces
  • 102 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 101-15-003

Community Details

Overview

  • 11 Buildings
  • Apache Addition Acres 1 Subdivision

Building Details

  • Operating Expense $40,426
  • Gross Income $1,216,080

Property Details

Property Type

Other

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: Ironwood Dr & Apache Trail
  • Legal Info Range: 08E
  • Property Type: Comm/Industry Sale
  • Zoning: C3/PD
  • Current Use: Retail, Restaurant, Office
  • Number Of Buildings: 11
  • Year Built: 1968
  • Tax Year: 2020
  • Directions: US 60 East to Ironwood Dr, North on Ironwood to Apache Trail. East on Apache Trail to your 1st left hand turn, Property on North side of Apache Trail
  • Lot Size Acres: 8.48
  • Road Surface Type: Asphalt
  • Subdivision Name: APACHE ADDITION ACRES 1
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood
  • Roof: Composition, Foam
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 100.0
  • Total Parking Spaces: 102.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 100.0
  • General Property Description:Total Parking Spcs: 102.0
  • Parking:Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Water Source: Private Franchise
  • Heating:Heat Pump2: Yes

Fee Information

  • Annual Water Sewer Expense: 126.0

Lot Info

  • Lot Size Sq Ft: 369449.0
  • Additional Parcels: Yes
  • Parcel #: 101-15-003
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 1216080.0
  • Insurance Expense: 8000.0
  • Annual Operating Expense: 40426.0
  • Vacancy Allowance Rate: 10.0

Tax Info

  • Tax Annual Amount: 31300.0
  • Tax Book Number: 101.00
  • Tax Lot: 3
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2023
Sold by
Brothers Paradise Llc
Bought by
Brothers Paradise Llc

Purchase Details

Listed on
Apr 28, 2016
Closed on
Nov 4, 2021
Sold by
Cj Irrevocable Trust and Mathis Bradley E
Bought by
Brothers Paradise Llc
Seller's Agent
Charlie Wise
Lost Dutchman Realty
Buyer's Agent
Charlie Wise
Lost Dutchman Realty
List Price
$1,900,000
Sold Price
$1,250,000
Premium/Discount to List
-$650,000
-34.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 14, 2009
Sold by
State Bar Of Arizona
Bought by
Mathis L Scott and Mathis Brad E

Purchase Details

Closed on
Nov 21, 2005
Sold by
Mathis L Scott and Mathis Brad E
Bought by
Mendoza Horacio and Mendoza Florentino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
5.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 10, 1996
Sold by
Johnson Cleo Dale
Bought by
Mathis Kenneth E and Scott Mathis L

Purchase Details

Closed on
Jan 31, 1995
Sold by
Mathis Kenneth F and Mathis Susan
Bought by
Johnson Cleo D
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 Buyer Sale Price Title Company
Brothers Paradise Llc -- None Listed On Document
Brothers Paradise Llc $550,000 Clear Title
Mathis L Scott $2,439,490 None Available
Mendoza Horacio $3,000,000 North American Title Co
Mathis Kenneth E -- --
Johnson Cleo D -- United Title Agency
Johnson Cleo D -- United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brothers Paradise Llc $530,000
Previous Owner Mendoza Horacio $2,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $1,250,000 -34.2% $109 / Sq Ft
11/26/2021 11/26/21 Price Changed $1,900,000 +52.0% $166 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/23/2021 07/23/21 Pending -- -- --
06/07/2021 06/07/21 Off Market $1,250,000 -- --
06/01/2021 06/01/21 For Sale $1,900,000 0.0% $166 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $1,900,000 0.0% $166 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/08/2021 03/08/21 Price Changed $1,900,000 -4.5% $166 / Sq Ft
10/23/2020 10/23/20 Price Changed $1,990,000 -46.2% $174 / Sq Ft
06/01/2018 06/01/18 For Sale $3,700,000 +196.0% $324 / Sq Ft
06/01/2018 06/01/18 Off Market $1,250,000 -- --
04/27/2016 04/27/16 For Sale $3,700,000 -- $324 / 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
2024 $4,537 -- -- --
2023 $4,537 $55,016 $37,213 $17,803
2022 $4,537 $34,408 $17,727 $16,681
2021 $4,810 $35,536 $0 $0
2020 $4,685 $35,081 $0 $0
2019 $4,492 $34,241 $0 $0
2018 $4,389 $30,335 $0 $0
2017 $4,535 $30,656 $0 $0
2016 $4,614 $15,840 $15,840 $15,840
2014 -- $21,904 $15,157 $6,748
Source: Public Records

Agents Affiliated with this Home

  • Charlie Wise

    Seller's Agent in 2021

    Charlie Wise

    Lost Dutchman Realty

    (480) 818-0014

    66 in this area

    112 Total Sales

    Charlie Wise
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5434506

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-15-003

Arizona Pinal County Apache Junction 85120

1484 W Apache Trail, Apache Junction, AZ

This home is located at 1484 W Apache Trail, Apache Junction, AZ 85120 since 28 April 2016. This property was built in 1968. 1484 W Apache Trail is a home located in Pinal County with nearby schools including Four Peaks 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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