NOT LISTED FOR SALE

1504 E 29th Ave Apache Junction, AZ 85119

Estimated Value: $525,000 - $619,000

-- Bed
-- Bath
3,066 Sq Ft
$190/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $530,000 $173 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,349/month

100 Days on Market

About This Home

As of August 2021

Turnkey Fourplex, 100% Occupied, Good Cash Flow, and Room to Increase Rents. Tenants Pay Electric and Water. Super for Investor or Owner Occupant. Located Near Recreation, Lakes, Mountains for Hiking and More. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction. Currently Owner Operated Long Term.

Last Listed By

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 04/08/2021

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,318

Year Built

  • Built in 1981

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, cable TV, landscaping
  • Tax Lot 1624
  • Assessor Parcel Number 102-27-123

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9820 sq ft
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $6,752
  • Gross Income $36,084
  • Net Operating Income $29,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,318

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Tomahawk & Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Mutli
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2020
  • Directions: North on Tomahawk to 29th & Turn West
  • Road Surface Type: Gravel, Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • 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
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • 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

Fee Information

  • Trash Expense: 255.0

Lot Info

  • Lot Size: 9820 sq ft
  • Additional Parcels: No
  • Parcel #: 102-27-123

Multi Family

  • Owner Pays: Trash Collection, Cable TV, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 36084.0
  • Insurance Expense: 817.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 29332.0
  • Annual Operating Expense: 6752.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1318.0
  • Tax Book Number: 102.00
  • Tax Lot: 1624

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
Aug 6, 2021
Sold by
Kelley Devaney Kim K and The Kim K Kelley Devaney Trust
Bought by
Dak Properties Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Tina Erwin
West USA Realty
List Price
$540,000
Sold Price
$530,000
Premium/Discount to List
-$10,000
-1.85%
Total Days on Market
100
Current Estimated Value
$582,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,912
Avg. Annual Appreciation
1.45%

Purchase Details

Closed on
Jan 28, 2009
Sold by
Kelley Devaney Kim K
Bought by
Kelley Devaney Kim K

Purchase Details

Closed on
Jun 23, 2006
Sold by
The Kim K Kelley Devaney Trust
Bought by
Kelley Devaney Kim K

Purchase Details

Closed on
Sep 18, 1997
Sold by
S & M Investment Properties Inc
Bought by
Kelley Devaney Kim K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
7.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1994
Sold by
Mavity Michael D and Mavity Suzanne
Bought by
S & M Investment Properties Inc

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
Dak Properties Llc $530,000 Premier Title Agency
Kelley Devaney Kim K -- None Available
Kelley Devaney Kim K -- Chicago Title Co
Kelley Devaney Kim K $85,000 Ati Title Agency
S & M Investment Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelley Devaney Kim K $235,900
Previous Owner Kelley Devaney Kim K $59,500
Closed Kelley Devaney Kim K $79,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $530,000 -1.9% $173 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $540,000 0.0% $176 / Sq Ft
07/14/2021 07/14/21 Price Changed $540,000 +1.9% $176 / Sq Ft
05/03/2021 05/03/21 Off Market $530,000 -- --
04/08/2021 04/08/21 For Sale $529,000 -- $173 / 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 $1,407 $19,735 -- --
2024 $1,328 $19,742 -- --
2023 $1,385 $13,120 $0 $0
2022 $1,328 $19,955 $2,946 $17,009
2021 $1,353 $18,837 $0 $0
2020 $1,318 $15,118 $0 $0
2019 $1,264 $14,434 $0 $0
2018 $1,239 $9,058 $0 $0
2017 $1,206 $8,824 $0 $0
2016 $1,176 $8,469 $1,100 $7,369
2014 $1,114 $6,515 $1,100 $5,415
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2021

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    4 in this area

    67 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2021

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    4 in this area

    43 Total Sales

    Steven Cvetanovich
    Section Image
  • Tina Erwin

    Buyer's Agent in 2021

    Tina Erwin

    West USA Realty

    (480) 250-3176

    3 in this area

    6 Total Sales

    Tina Erwin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6218779

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-123

Arizona Pinal County Apache Junction 85119

1504 E 29th Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 1504 E 29th Ave, Apache Junction, AZ 85119 since 08 April 2021 and is currently estimated at $582,912, approximately $190 per square foot. This property was built in 1981. 1504 E 29th 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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