NOT LISTED FOR SALE

1515 E 26th Ln Apache Junction, AZ 85119

Estimated Value: $576,774

-- Bed
-- Bath
2,688 Sq Ft
$215/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $530,000 $197 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,299/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of September 2021

Super rare find in prime location that has already has some updating completed like new windows in 3 units and much more. Two bedroom one bath units collecting approximately $897 pro-forma $1,050-$1,100. This is a great value add opportunity! The tenants pay all utilities and all units are individually metered for water and electric. This income producing property has been well maintained with pride in ownership. Fenced in yard and private carport makes this a dream property for tenants. The interior has tile and newer vinyl plank flooring, washer and dryers with hook ups, storage units. Desirable location close to freeway access and in a prime area for new future development. Do not disturb tenants. Interior access only after accepted contract. Buyer to verify all facts and figures.

Last Listed By

Gilbert Moreno

HomeSmart License #SA646661000 Listed on: 07/21/2021

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1984

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • Carport

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Private Water Source
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1694
  • Assessor Parcel Number 102-27-193

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9817
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $4,072
  • Gross Income $40,914
  • Net Operating Income $40,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Tomahawk and US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: Exit Superstition Freeway at Tomahawk and go North to 26th Ave.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • 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: 9817
  • Additional Parcels: No
  • Parcel #: 102-27-193

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 40913.65
  • Insurance Expense: 1015.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 40252.0
  • Annual Operating Expense: 4072.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1257.0
  • Tax Book Number: 102.00
  • Tax Lot: 1694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 26, 2021
Sold by
Johnson Caleb
Bought by
Steigert Nicholas Peter
Seller's Agent
Gilbert Moreno
HomeSmart
Buyer's Agent
Brooke Beasley
My Home Group Real Estate
List Price
$540,000
Sold Price
$530,000
Premium/Discount to List
-$10,000
-1.85%
Total Days on Market
2
Current Estimated Value
$576,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,774
Avg. Annual Appreciation
0.90%
Original Mortgage
$530,000
Outstanding Balance
$489,560
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$58,299

Purchase Details

Listed on
Jul 9, 2019
Closed on
Aug 22, 2019
Sold by
Cossette Mike and Cossette Linda
Bought by
Johnson Caleb
Seller's Agent
Linda Cossette
RE/MAX Elite
Buyer's Agent
Gilbert Moreno
HomeSmart
List Price
$308,000
Sold Price
$300,000
Premium/Discount to List
-$8,000
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.18%
Original Mortgage
$294,566
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 1999
Sold by
Crisifulli Allen W
Bought by
Cossette Mike and Cossette Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,385
Interest Rate
7.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1998
Sold by
Crisifulli Deanne A
Bought by
Crisifulli Allen W

Purchase Details

Closed on
Mar 27, 1998
Sold by
Holbert Randolph L and Holbert Carol A
Bought by
Crisifulli Allen W and Crisifulli Deanne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,300
Interest Rate
7.05%
Mortgage Type
New Conventional

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
Steigert Nicholas Peter $530,000 Landmark Title
Johnson Caleb $300,000 American Title Svc Agcy Llc
Cossette Mike $143,000 Ati Title Agency
Crisifulli Allen W -- --
Crisifulli Allen W $117,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steigert Nicholas Peter $530,000
Previous Owner Johnson Caleb $302,300
Previous Owner Johnson Caleb $294,566
Previous Owner Cossette Michael J $148,200
Previous Owner Cossette Michael J $153,511
Previous Owner Cossette W Michael J $42,000
Previous Owner Cossette Michael J $140,500
Previous Owner Cossette Mike $133,385
Previous Owner Crisifulli Allen W $105,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $530,000 -1.9% $197 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $540,000 +80.0% $201 / Sq Ft
08/26/2019 08/26/19 Sold $300,000 -1.6% $112 / Sq Ft
07/14/2019 07/14/19 Price Changed $304,900 -1.0% $113 / Sq Ft
07/09/2019 07/09/19 For Sale $308,000 -- $115 / 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 $1,216 $18,490 -- --
2024 $1,426 $19,258 -- --
2023 $1,197 $13,367 $2,945 $10,422
2022 $1,426 $17,980 $2,945 $15,035
2021 $1,289 $17,005 $0 $0
2020 $1,257 $13,726 $0 $0
2019 $1,357 $13,116 $0 $0
2018 $1,330 $8,502 $0 $0
2017 $1,372 $8,582 $0 $0
2016 $1,348 $8,561 $1,100 $7,461
2014 $1,349 $7,887 $1,100 $6,787
Source: Public Records

Agents Affiliated with this Home

  • Gilbert Moreno

    Seller's Agent in 2021

    Gilbert Moreno

    HomeSmart

    (480) 385-9668

    9 in this area

    259 Total Sales

    Gilbert Moreno
    Section Image

  • B

    Buyer's Agent in 2021

    Brooke Beasley

    My Home Group Real Estate

    (602) 938-5415

    1 in this area

    58 Total Sales

    Brooke Beasley
    Section Image
  • Craig Morton

    Buyer Co-Listing Agent in 2021

    Craig Morton

    A.Z. & Associates Real Estate Group

    (623) 910-6277

    1 in this area

    203 Total Sales

    Craig Morton
    Section Image
  • Linda Cossette

    Seller's Agent in 2019

    Linda Cossette

    RE/MAX

    (480) 703-5983

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6267470

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-193

Arizona Pinal County Apache Junction 85119

1515 E 26th Ln, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 1515 E 26th Ln, Apache Junction, AZ 85119 since 21 July 2021 and is currently priced at $576,774, approximately $214 per square foot. This property was built in 1984. 1515 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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