$85,000
SOLD JAN 6, 2012

1548 E 26th Ave Apache Junction, AZ 85119

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

Recently Sold

$103 Per Sq Ft

13% Above List Price

30 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heating Available

About This Home

As of December 2020

Apache Junction 4 plex built in 1981. Fully occupied. All units are 2bed/1bath with an average SF of 825/unit. Average monthly rent/unit is $511. Individually metered for electric. This is a short sale subject to lender approval. Buyer to verify all facts and figures to their satisfaction.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000

Co-Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Last Buyer's Agent

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,691

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Parking

  • Over 1 Space Per Unit
  • On-Street Parking

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

  • $1,939 per year Dock Fee
  • 4 Units
  • Building Dimensions are 84x90

Building Details

  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,691

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Tax Municipality: Apache Junction
  • Appliances Included: F/S Oven/Range, Refrigerator, W/D Hookup
  • Construction Finish: Painted, Stucco
  • Cross Street: Tomahawk & US 60
  • Floors: Carpet, Vinyl
  • Legal Info Lot Number: 1706
  • Legal Info Range: 08E
  • Legal Info Section: 33
  • Legal Info Township: 01N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: S
  • Hundred Block: 2600
  • Legal Description Abbrev: PALM SPRINGS
  • Marketing Name: Palm Springs
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: Q44
  • Year Built: 1981
  • Tax Year: 2009
  • Directions: Right on S Tomahawk Rd, Left onto E 26th Ln to property on North side of the road.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Amenities: Desert Landscaping
  • Roofing: Rolled
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit, Carport, Street Parking
  • Total Parking Spaces: 8.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • High School: Apache Junction High School
  • High School: Apache Junction High School

Lot Info

  • Lot Size: 84x90

Multi Family

  • Income And Expenses Annual Ins Exp: 1200.00
  • Income And Expenses Annual Maint Exp: 3126.00
  • Income And Expenses Annual Mgmt Exp: 1962.00
  • Income And Expenses Annual Trash Exp: 576.00
  • Income And Expenses Net Operating Income: 12174.00
  • Income And Expenses Operating Exp: 8803.06
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping
  • Tenant Pays: Cable TV, Electric, Trash, Water
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 511.00
  • Two Bedroom Units Avg Sq Ft: 825
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1939.06

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
30
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

Map

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
Interfamily Deed Transfer -- Great American Ttl Agcy Inc
Warranty Deed $380,000 Great American Ttl Agcy Inc
Deed -- Lawyers Title Of Arizona Inc
Warranty Deed $200,000 Lawyers Title Of Arizona Inc
Special Warranty Deed -- Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Warranty Deed $85,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- None Available
Warranty Deed $242,000 Fidelity National Title Agen
Warranty Deed $88,592 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,000 New Conventional
Previous Owner $200,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $193,600 New Conventional
Previous Owner $31,000 Seller Take Back
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

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

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4651071

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-205