$300,000
SOLD AUG 26, 2019

1515 E 26th Ln Apache Junction, AZ 85119

-- Bed
-- Bath
2,688 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$112 Per Sq Ft

3% Below List Price

13 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available

About This Home

As of September 2021

GREAT INVESTMENT PROPERTY IN THE FAST GROWING APACHE JUNCTION AREA. ALL UNITS RENTED AND TWO ARE LONG TERM. ROOM FOR RENT INCREASE. ALL TENANTS PAY FOR ELECTRIC, WATER AND GARBAGE. EACH UNIT HAS A ONE CAR CARPORT AND LAUNDRY ROOM WITH W/D HOOK-UPS ALSO ROOM FOR EXTRA STORAGE. THERE IS ALSO OUTSIDE GATED STORAGE BEHIND CARPORT. APT 4 HAS A BRAND NEW A/C UNIT 7/2019. ROOF & CARPORTS RECOATED 7/2019. DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS. INSPECTIONS UPON EXECTUTED CONTRACT. OWNER HAS AN ARIZONA REAL ESTATE LICENSE.

Last Agent to Sell the Property

Linda Cossette

RE/MAX Elite License #SA566046000 Listed on: 07/09/2019

Last Buyer's Agent

Gilbert Moreno

HomeSmart License #SA646661000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, cable TV
  • 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 $4,145
  • Gross Income $28,080
  • Net Operating Income $25,465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Tomahawk & US60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2018
  • Directions: NORTH ON TOMAHAWK TO 26TH LANE, WEST ON 26TH, PROPERTY ON SOUTH SIDE OF STREET.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • 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
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

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

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28080.0
  • Insurance Expense: 1015.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 25465.0
  • Annual Operating Expense: 4145.0

Tax Info

  • Tax Annual Amount: 1330.0
  • 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%
Current Estimated Value
$585,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,921
Avg. Annual Appreciation
2.79%
Original Mortgage
$530,000
Outstanding Balance
$487,486
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$104,719

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
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 Type Sale Price Title Company
Warranty Deed $530,000 Landmark Title
Warranty Deed $300,000 American Title Svc Agcy Llc
Joint Tenancy Deed $143,000 Ati Title Agency
Interfamily Deed Transfer -- --
Warranty Deed $117,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $530,000 VA
Previous Owner $302,300 New Conventional
Previous Owner $294,566 FHA
Previous Owner $148,200 New Conventional
Previous Owner $153,511 Unknown
Previous Owner $42,000 Credit Line Revolving
Previous Owner $140,500 Unknown
Previous Owner $133,385 New Conventional
Previous Owner $105,300 New Conventional
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

    8 in this area

    258 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

    64 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

    2 in this area

    187 Total Sales

    Craig Morton
    Section Image

  • L

    Seller's Agent in 2019

    Linda Cossette

    RE/MAX

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5950115

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-193

Arizona Pinal County Apache Junction 85119

1515 E 26th Ln, Apache Junction, AZ

This home is located at 1515 E 26th Ln, Apache Junction, AZ 85119 and is currently priced at $300,000, approximately $111 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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