NOT LISTED FOR SALE

1520 E 25th Ave Apache Junction, AZ 85119

Estimated Value: $526,000 - $627,648

-- Bed
-- Bath
3,360 Sq Ft
$175/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $535,000 $159 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,392/month

77 Days on Market

About This Home

As of July 2021

Turnkey Fourplex, Seller May Carry, 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: 04/06/2021

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,428

Year Built

  • Built in 1981

Lot Details

  • 9,845

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, cable TV, landscaping
  • Tax Lot 1715
  • Assessor Parcel Number 102-27-214

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9841 sq ft
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $6,303
  • Gross Income $40,449
  • Net Operating Income $31,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,428

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Southern& Tomahawk
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Mutli
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2020
  • Directions: Exit Superstition Freeway at Tomahawk and go North to 25th Ave.
  • Road Surface Type: Gravel, Concrete
  • 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

  • Parking Features: Common
  • Attached Garage: No
  • 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:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump
  • 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 255.0

Lot Info

  • Lot Size: 9841 sq ft
  • Additional Parcels: No
  • Parcel #: 102-27-214

Multi Family

  • Owner Pays: Trash Collection, Cable TV, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 40449.0
  • Insurance Expense: 858.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 31610.0
  • Annual Operating Expense: 6303.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1428.0
  • Tax Book Number: 102.00
  • Tax Lot: 1715

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jul 12, 2021
Sold by
Kelley Devaney Kim K and 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
$535,000
Premium/Discount to List
-$5,000
-0.93%
Total Days on Market
77
Current Estimated Value
$588,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,912
Avg. Annual Appreciation
0.60%

Purchase Details

Closed on
Jun 23, 2006
Sold by
Kelley Devaney Kim K
Bought by
The Kim K Kelley Devaney Trust and 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
$262,500
Interest Rate
1.75%
Mortgage Type
Negative Amortization

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 $535,000 Premier Title Agency
Devaney Kim K Kelley -- Chicago Title Co
Kelley Devaney Kim K -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelley Devaney Kim K $247,600
Previous Owner Kelley Devaney Kim K $262,500
Previous Owner Kelley Devaney Kim K $135,435
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $535,000 -0.9% $159 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $540,000 0.0% $161 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/13/2021 04/13/21 Price Changed $540,000 +2.1% $161 / Sq Ft
04/06/2021 04/06/21 For Sale $529,000 -- $157 / 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 $1,525 $20,518 -- --
2024 $1,439 $20,525 -- --
2023 $1,501 $13,761 $0 $0
2022 $1,439 $20,922 $2,952 $17,970
2021 $1,466 $19,757 $0 $0
2020 $1,428 $15,825 $0 $0
2019 $1,370 $15,108 $0 $0
2018 $1,342 $9,529 $0 $0
2017 $1,307 $9,270 $0 $0
2016 $1,275 $8,890 $1,100 $7,790
2014 $1,207 $7,061 $1,100 $5,961
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: 6217563

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-214

Arizona Pinal County Apache Junction 85119

1520 E 25th Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 1520 E 25th Ave, Apache Junction, AZ 85119 since 06 April 2021 and is currently estimated at $588,912, approximately $175 per square foot. This property was built in 1981. 1520 E 25th 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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