$131,500
SOLD APR 30, 2012

1547 E 26th Ave Unit 15 Apache Junction, AZ 85119

8 Beds
4 Baths
700 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$188 Per Sq Ft

12% Below List Price

9 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available

About This Home

As of December 2012

This property has great curb appeal and is a welcoming listing from common box unit properties. These units are very clean, have split floor plans, skylights in the kitchen, each having their own carports and washer and dryer. This complex is fully rented. Some remodeling has been done. Drive by only no viewing until offer has been accepted.

Last Agent to Sell the Property

Angela Larson

Keller Williams Realty Phoenix License #SA524620000 Listed on: 03/27/2012

Keller Williams Realty Phoenix

Last Buyer's Agent

Daniel Rosenbaum

Rosenbaum Realty Group License #BR636314000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,542

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Schools

  • Apache Junction High Elementary School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, trash
  • The owner pays for landscaping

Community Details

Overview

  • $1,817 per year Dock Fee
  • 4 Units

Building Details

  • Insurance Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,542

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Tax Municipality: Apache Junction
  • Appliances Included: Disposal, F/S Oven/Range, Refrigerator, W/D Hookup
  • Construction Finish: Painted
  • Cross Street: Tomahawk & Southern
  • Floors: Carpet, Vinyl
  • Legal Info Lot Number: 1703
  • Legal Info Range: 08E
  • Legal Info Section: 33
  • Legal Info Township: 01N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hundred Block: 800
  • Legal Description Abbrev: Palm Spgs 15
  • Marketing Name: Four plex
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: R44
  • Year Built: 1986
  • Tax Year: 2011
  • Directions: US 60 E to Tomahawk. N to 26th Ave. W to property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Fire/Smoke Alarm(s), Mini Blinds, Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available, Desert Landscaping, Partially Fenced
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: Carport
  • Total Parking Spaces: 8.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Apache Junction High School
  • Middle School: Apache Junction High School
  • High School: Apache Junction High School
  • Elementary School: Apache Junction High School
  • High School: Apache Junction High School
  • Junior High School: Apache Junction High School

Multi Family

  • Income And Expenses Adjusted Gross Inc: 81600.00
  • Income And Expenses Annual Ins Exp: 1800.00
  • Income And Expenses Annual Maint Exp: 300.00
  • Income And Expenses Gross Annual Sch Inc: 20400.00
  • Income And Expenses Net Operating Income: 1300.00
  • Income And Expenses Operating Exp: 3917.00
  • Income And Expenses Totl Mnth Rntal Inc: 2200.00
  • Income And Expenses Vacancy Allowance: 5.00
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping
  • Tenant Pays: Cable TV, Trash
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 550.00
  • Two Bedroom Units Avg Sq Ft: 700
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1817.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2012
Closed on
Dec 27, 2012
Sold by
Superstition Investments Llc
Bought by
Ross David L and Root Lorinda A
Seller's Agent
Angela Larson
Keller Williams Realty Phoenix
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$169,900
Sold Price
$165,000
Premium/Discount to List
-$4,900
-2.88%
Current Estimated Value
$504,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,254
Avg. Annual Appreciation
9.65%
Original Mortgage
$113,400
Outstanding Balance
$79,871
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$447,284

Purchase Details

Listed on
Mar 27, 2012
Closed on
Apr 2, 2012
Sold by
Enyart Jason D
Bought by
Superstition Investments Llc
Seller's Agent
Angela Larson
Keller Williams Realty Phoenix
Buyer's Agent
Daniel Rosenbaum
Rosenbaum Realty Group
List Price
$149,900
Sold Price
$131,500
Premium/Discount to List
-$18,400
-12.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.07%
Original Mortgage
$70,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2012
Sold by
Superstition Investments Llc
Bought by
Enyart Jason D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2011
Sold by
Martinez Michael T and Kelly Martinez Dierdre A
Bought by
Superstition Investments Llc

Purchase Details

Closed on
Aug 24, 2005
Sold by
Butel Steven
Bought by
Martinez Michael T and Kelly Martinez Deirdre A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 16, 2004
Sold by
Butel Aimee Lorine
Bought by
Butel Steven

Purchase Details

Closed on
May 4, 1994
Sold by
Citicorp Mtg Inc
Bought by
Butel Steven and Butel Aimee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
8.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 1994
Sold by
Crosby Lee
Bought by
Citicorp Mtg Inc
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $162,000 Great American Title Agency
Warranty Deed -- Accommodation
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Warranty Deed -- Pioneer Title Agency Inc
Trustee Deed $59,600 None Available
Warranty Deed $290,000 Title Guaranty Agency Of Az
Interfamily Deed Transfer -- --
Warranty Deed $60,000 First American Title
Trustee Deed -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $113,400 New Conventional
Previous Owner $70,000 New Conventional
Previous Owner $232,000 Negative Amortization
Previous Owner $48,000 New Conventional
Closed $29,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2012 12/10/12 Sold $165,000 -2.9% $51 / Sq Ft
11/08/2012 11/08/12 Pending -- -- --
10/18/2012 10/18/12 For Sale $169,900 +29.2% $53 / Sq Ft
04/30/2012 04/30/12 Sold $131,500 -12.3% $188 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $149,900 -- $214 / 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 $1,542 $21,808 -- --
2024 $1,455 $22,746 -- --
2023 $1,518 $16,076 $2,946 $13,130
2022 $1,455 $20,069 $2,946 $17,123
2021 $1,483 $18,958 $0 $0
2020 $1,444 $15,802 $0 $0
2019 $1,386 $15,654 $0 $0
2018 $1,358 $10,281 $0 $0
2017 $1,321 $10,395 $0 $0
2016 $1,289 $10,513 $1,100 $9,413
2014 $1,221 $7,140 $1,100 $6,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4738700

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-202