NOT LISTED FOR SALE

1546 E 29th Ave Apache Junction, AZ 85119

Estimated Value: $495,000 - $627,000

-- Bed
-- Bath
3,360 Sq Ft
$161/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $387,000 $115 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,125/month

1 Day on Market

About This Home

As of February 2021

DON'T MISS OUT ON THIS GREAT 4 PLEX IN APACHE JUNCTION. 3 OUT OF THE 4 TENANTS HAVE BEEN AT THE PROPERTY FOR OVER 3 YEARS. UNIT 1 HAS BEEN FULLY RENOVATED AND IS COLLECTING $925/MONTH. THERE IS ROOM TO INCREASE OTHER UNITS RENT ONCE RENOVATIONS ARE COMPLETE. EXTERIOR OF THE BUILDING WAS JUST PROFESSIONALLY PAINTED IN OCTOBER 2020. TENANTS PAY FOR ALL UTILITIES AND THERE IS COVERED CARPORT PARKING FOR THE BACK UNITS AND OFF STREET GRAVEL PARKING FOR THE FRONT 2 UNITS.

Last Agent to Sell the Property

Jacob DeMund

Gentry Real Estate License #SA689324000 Listed on: 11/11/2020

Gentry Real Estate

Last Buyer's Agent

Gilbert Moreno

HomeSmart License #SA646661000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,410

Year Built

  • Built in 1980

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 7 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Desert Vista Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for landscaping
  • Tax Lot 1625
  • Assessor Parcel Number 102-27-124

Community Details

Overview

  • 4 Units
  • Building Dimensions are 89.95 x 109.46
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $6,276
  • Gross Income $34,484
  • Net Operating Income $29,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,410

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: S TOMAHAWK & SOUTHERN AVE
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2020
  • Directions: SOUTH ON TOMAHAWK TO E 29TH AVE, WEST ON 29TH AVE TO PROPERTY.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3360.0
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 89.95 x 109.46
  • Additional Parcels: No
  • Parcel #: 102-27-124

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34483.8
  • Insurance Expense: 1106.0
  • Property Net Operating Income: 29617.8
  • Annual Operating Expense: 6276.0

Tax Info

  • Tax Annual Amount: 1410.0
  • Tax Book Number: 102.00
  • Tax Lot: 1625

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
1546 E 29Th Llc
Bought by
Ross Kyle
Total Days on Market
1
Current Estimated Value
$540,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2020
Sold by
Monger Dustin J and Monger Jennifer M
Bought by
1546 E 29Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2020
Sold by
Monger Dustin J and Monger Jennifer M
Bought by
1546 E 29Th Llc

Purchase Details

Closed on
Nov 29, 2017
Sold by
Rc Chi Llc
Bought by
Monger Dustin and Monger Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,800
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2004
Sold by
Sher Randi L
Bought by
Chi Rc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2004
Sold by
Dempsey Michelle Ann
Bought by
Sher Randi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2003
Sold by
Ward Maceo
Bought by
Dempsey Michelle Ann

Purchase Details

Closed on
Oct 17, 1997
Sold by
Shumake Donald R and Shumake Peggy J
Bought by
Ward Maceo and Dempsey Michele A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,781
Interest Rate
7.36%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Ross Kyle $387,000 Security Title Agency Inc
1546 E 29Th Llc -- Security Title Agency Inc
1546 E 29Th Llc -- Accommodation
Monger Dustin -- Fidelity Natl Title Agency I
Chi Rc -- --
Sher Randy L $194,000 Chicago Title Insurance Co
Dempsey Michelle Ann -- Chicago Title Insurance Co
Ward Maceo $88,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Kyle $25,100
Open Ross Kyle $378,000
Previous Owner Ross Kyle $290,250
Previous Owner Monger Dustin $150,800
Previous Owner Monger Dustin $148,300
Previous Owner Sher Randy L $155,200
Previous Owner Ward Maceo $87,781
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $387,000 -0.5% $115 / Sq Ft
12/26/2020 12/26/20 Price Changed $389,000 0.0% $116 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $389,000 -- $116 / 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 $1,505 $20,745 -- --
2024 $1,421 $20,778 -- --
2023 $1,482 $14,081 $0 $0
2022 $1,421 $21,069 $2,946 $18,123
2021 $1,447 $19,889 $0 $0
2020 $1,410 $15,971 $0 $0
2019 $1,353 $15,249 $0 $0
2018 $1,325 $9,689 $0 $0
2017 $1,290 $9,416 $0 $0
2016 $1,258 $9,042 $1,100 $7,942
2014 $1,192 $6,969 $1,100 $5,869
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jacob DeMund

    Gentry Real Estate

    (480) 269-8499

    1 in this area

    10 Total Sales

    Jacob DeMund
    Section Image
  • Gilbert Moreno

    Buyer's Agent in 2021

    Gilbert Moreno

    HomeSmart

    (480) 385-9668

    9 in this area

    263 Total Sales

    Gilbert Moreno
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6159218

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-124

Arizona Pinal County Apache Junction 85119

1546 E 29th Ave, Apache Junction, AZ

This home is located at 1546 E 29th Ave, Apache Junction, AZ 85119 since 11 November 2020 and is currently estimated at $540,709, approximately $160 per square foot. This property was built in 1980. 1546 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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