NOT LISTED FOR SALE

1548 E 26th Ave Apache Junction, AZ 85119

Estimated Value: $496,000 - $625,000

-- Bed
-- Bath
3,360 Sq Ft
$165/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $380,000 $113 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,217/month

158 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System

About This Home

As of December 2020

LOW RENTS Plenty of room to raise rents. Seller would like to do 1031 Exchange
TENANTS PAY WATER AND ELECTRIC

Last Listed By

Alex Thomas

EPL Realty Group, LLC License #SA658146000 Listed on: 06/18/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,519

Year Built

  • Built in 1981

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, water, cable TV, landscaping
  • Tax Lot 1706
  • Assessor Parcel Number 102-27-205

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 0
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $1,519
  • Gross Income $31,200
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,519

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Tomahawk & US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2019
  • Directions: Right on S Tomahawk Rd, Left onto E 26th Ln to property on North side of the road.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: eplr01
  • Co List Office Phone: 480-831-1731
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks, Heat Pump
  • Heating: Other, See Remarks, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 102-27-205

Multi Family

  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks, Gas, Electricity, Water, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0
  • Property Net Operating Income: 31200.0
  • Annual Operating Expense: 1519.0

Tax Info

  • Tax Annual Amount: 1519.0
  • Tax Book Number: 102.00
  • Tax Lot: 1706

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Dec 30, 2020
Sold by
Bussey Tabitha T and Bussey Kenneth G
Bought by
Bussey Kenneth G
Seller's Agent
Alex Thomas
EPL Realty Group, LLC
Buyer's Agent
Blaine Jarvis
Bullseye Property Management, LLC
List Price
$405,000
Sold Price
$380,000
Premium/Discount to List
-$25,000
-6.17%
Total Days on Market
158
Current Estimated Value
$554,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,847
Avg. Annual Appreciation
9.05%
Original Mortgage
$285,000
Outstanding Balance
$257,218
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$297,629

Purchase Details

Listed on
Jun 18, 2020
Closed on
Dec 29, 2020
Sold by
Pace Cory A
Bought by
Bussey Kenneth G
Seller's Agent
Alex Thomas
EPL Realty Group, LLC
Buyer's Agent
Blaine Jarvis
Bullseye Property Management, LLC
List Price
$405,000
Sold Price
$380,000
Premium/Discount to List
-$25,000
-6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$257,218
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$297,629

Purchase Details

Closed on
Mar 4, 2016
Sold by
Pace Kristie L and Pace Cory A
Bought by
Pace Cory A

Purchase Details

Closed on
Feb 17, 2016
Sold by
1548 East 26Th Ave Llc
Bought by
Pace Cory A

Purchase Details

Closed on
Nov 6, 2013
Sold by
Ellefson Peter
Bought by
1548 East 26Th Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 29, 2011
Closed on
Dec 9, 2011
Sold by
Ellefson Anna
Bought by
Ellefson Peter
Seller's Agent
Jason Campagna
Orion Investment Real Estate
Buyer's Agent
Peter Ellefson
EPL Realty Group, LLC
List Price
$75,000
Sold Price
$85,000
Premium/Discount to List
$10,000
13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.08%

Purchase Details

Closed on
Mar 11, 2007
Sold by
Littlewood Steven and Littlewood Jennie
Bought by
Littlewood Steven C and Littlewood Jennie Campo

Purchase Details

Closed on
May 20, 2005
Sold by
Taylor Ernest L and Taylor Myrtle I
Bought by
Littlewood Steven and Littlewood Jennie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 1996
Sold by
Hankins Robert L
Bought by
Taylor Ernest L and Taylor Myrtle I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
8.37%
Mortgage Type
Seller Take Back

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
Bussey Kenneth G -- Great American Ttl Agcy Inc
Bussey Kenneth G $380,000 Great American Ttl Agcy Inc
Pace Cory A -- Lawyers Title Of Arizona Inc
Pace Cory A $200,000 Lawyers Title Of Arizona Inc
1548 East 26Th Ave Llc -- Lawyers Title Of Arizona Inc
Ellefson Peter -- Lawyers Title Of Arizona Inc
Ellefson Peter $85,000 Lawyers Title Of Arizona Inc
Littlewood Steven -- Lawyers Title Of Arizona Inc
Littlewood Steven C -- None Available
Littlewood Steven $242,000 Fidelity National Title Agen
Taylor Ernest L $88,592 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bussey Kenneth G $285,000
Previous Owner 1548 East 26Th Ave Llc $200,000
Previous Owner 1548 East 26Th Ave Llc $120,000
Previous Owner Littlewood Steven $193,600
Previous Owner Taylor Ernest L $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $380,000 -3.8% $113 / Sq Ft
12/21/2020 12/21/20 Price Changed $395,000 0.0% $118 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
08/07/2020 08/07/20 Price Changed $395,000 -2.5% $118 / Sq Ft
06/18/2020 06/18/20 For Sale $405,000 +376.5% $121 / Sq Ft
01/06/2012 01/06/12 Sold $85,000 +13.3% $103 / Sq Ft
09/28/2011 09/28/11 Pending -- -- --
08/29/2011 08/29/11 For Sale $75,000 -- $91 / 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 $1,691 $20,610 -- --
2024 $1,625 $20,610 -- --
2023 $1,664 $13,844 $2,945 $10,899
2022 $1,596 $20,979 $2,945 $18,034
2021 $1,625 $19,810 $0 $0
2020 $1,583 $18,522 $0 $0
2019 $1,519 $17,804 $0 $0
2018 $1,488 $9,577 $0 $0
2017 $1,449 $9,315 $0 $0
2016 $1,413 $8,934 $1,100 $7,834
2014 -- $8,444 $1,100 $7,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6092515

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-205