NOT LISTED FOR SALE

1503 E 29th Ave Apache Junction, AZ 85119

Estimated Value: $373,000 - $518,000

-- Bed
-- Bath
2,280 Sq Ft
$188/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $258,000 $113 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,550/month

41 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Ceiling Fan
  • 4 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of August 2020

3 bed 2 bath Duplex. plus separate office in master suite, one car garage and fenced rear yards. Both long term tenants (2+ yrs and 19 yrs). TWO NEW 3 TON A/C UNITS (2019 & 2020) Unit #2: new vinyl plank wood grain flooring throughout in 2018. Rents are below market. This is a rare property as not many 3 bedroom rental units are available. Property only shown after accepted contract to minimize disturbance to tenants. This unit is close to freeway access and close to shopping yet in the rural area close to lakes and other outdoor activities. No rent related issues during this pandemic!

NOTE: 1) RENT AMOUNTS ARE ACTUAL AS OF 2020. NOT PROJECTED.
2) FINANCIAL INFO IS BASED ON ACTUAL 2019 DATA. NOT ESTIMATED.

Last Listed By

John Gordon

Coldwell Banker Realty License #BR009377000 Listed on: 06/30/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,885

Year Built

  • Built in 2000

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces
  • RV or Boat Parking

Schools

  • Peralta Trail Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, cable TV, landscaping
  • Tax Lot 1606
  • Assessor Parcel Number 102-27-105

Community Details

Overview

  • 2 Units
  • Building Dimensions are 90x109
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $3,358
  • Gross Income $21,360
  • Net Operating Income $18,002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,885

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: Tomahawk and US60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: HD Res
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2000
  • Tax Year: 2019
  • Directions: North on Tomahawk to 29th Ave (First street North of Freeway) west to unit. No sign on property.
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: RV/Boat Parking, Add'l Parking Avail, Attached, 1 Space/Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Garage Details: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: 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
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Peralta Trail Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 90x109
  • Additional Parcels: No
  • Parcel #: 102-27-105

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 21360.0
  • Insurance Expense: 573.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 18002.0
  • Annual Operating Expense: 3358.0

Tax Info

  • Tax Annual Amount: 1885.0
  • Tax Book Number: 102.00
  • Tax Lot: 1606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2021
Sold by
Hughes Joseph and Miles Suzan
Bought by
Hughes Jacob M and Miles Jacob Aaron
Total Days on Market
41
Current Estimated Value
$428,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,326
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2020
Closed on
Aug 24, 2020
Sold by
Aj Properties No 1 Llc
Bought by
Hughes Joseph L and Miles Suzan
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
Kyle Gardner
Evergreen Realty LLC
List Price
$290,000
Sold Price
$258,000
Premium/Discount to List
-$32,000
-11.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%

Purchase Details

Closed on
Apr 19, 2019
Sold by
Scardino Maureen and Scardino Charles
Bought by
Aj Properties No 1 Llc

Purchase Details

Closed on
May 4, 2010
Sold by
Summerlinasset Management Iii Llc
Bought by
Scardino Maureen and Scardino Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2010
Sold by
Wren Brad
Bought by
Summerlin Asset Management Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,875
Interest Rate
4.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 13, 2009
Sold by
Wren Investments Llc
Bought by
Oratel Properties Llc

Purchase Details

Closed on
Feb 11, 2009
Sold by
Wren Brad
Bought by
Wren Investments Llc

Purchase Details

Closed on
Feb 23, 2001
Sold by
Scandurra Robert
Bought by
Wren Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,250
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2000
Sold by
Guthrie Edward D and Guthrie Olivia K
Bought by
Scandurra Robert

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
Hughes Jacob M $258,000 Premier Title Agency
Hughes Joseph L $258,000 Yavapai Title Agency Inc
Aj Properties No 1 Llc -- Yavapai Title Agency Inc
Scardino Maureen $113,200 Stewart Title & Trust Of Pho
Summerlin Asset Management Iii Llc $110,000 Old Republic Title Agency
Oratel Properties Llc -- None Available
Wren Investments Llc -- None Available
Wren Brad $152,500 Old Republic Title Agency
Scandurra Robert $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hughes Jacob M $253,326
Previous Owner Scardino Charles $57,200
Previous Owner Scardino Maureen $54,500
Previous Owner Summerlin Asset Management Iii Llc $70,875
Previous Owner Wren Brad $200,000
Previous Owner Wren Brad $137,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2020 08/26/20 Sold $258,000 -2.6% $113 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
08/05/2020 08/05/20 Price Changed $265,000 -7.0% $116 / Sq Ft
07/30/2020 07/30/20 Price Changed $285,000 -1.7% $125 / Sq Ft
07/30/2020 07/30/20 For Sale $290,000 +12.4% $127 / Sq Ft
07/21/2020 07/21/20 Off Market $258,000 -- --
07/14/2020 07/14/20 Price Changed $290,000 +1.8% $127 / Sq Ft
06/28/2020 06/28/20 For Sale $285,000 -- $125 / 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 $2,098 $30,954 -- --
2024 $1,980 $31,878 -- --
2023 $2,066 $21,895 $0 $0
2022 $1,980 $16,893 $2,945 $13,948
2021 $2,017 $16,630 $0 $0
2020 $1,965 $16,988 $0 $0
2019 $1,885 $16,542 $0 $0
2018 $1,847 $13,418 $0 $0
2017 $1,798 $13,208 $0 $0
2016 $1,754 $12,944 $1,100 $11,844
2014 $1,744 $10,200 $1,100 $9,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6096494

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-105