NOT LISTED FOR SALE

1551 E Southern Ave Unit 15 Apache Junction, AZ 85119

Estimated Value: $373,000 - $565,000

Studio
-- Bath
3,536 Sq Ft
$132/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2013

Last sale price $171,500 $49 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $2,666 / mo

13 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of April 2013

Rare units Tenants Pay Electric Water and Trash
Property is on Septic
Vaulted Ceilings,Covered Parking, Washer and dryer hook up inside. small yards with storage.
Units were remodeled nice inside, Outside painted one new A/C unit

Last Agent to Sell the Property

Peter Ellefson

EPL Realty Group, LLC License #BR528982000 Listed on: 03/14/2013

Last Buyer's Agent

William Taber

West USA Realty License #BR642945000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,162

Year Built

  • Built in 1982

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Apache Junction High Elementary And Middle School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water
  • Tax Lot 1759
  • Assessor Parcel Number 102-27-258-1

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $4,562
  • Gross Income $22,629
  • Net Operating Income $19,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,162

Year Built

Built in 1982

Lot Details

9,801 Sq Ft Lot

Listing Details

  • Cross Street: Southern and Tomahawk
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2009
  • Road Surface Type: Asphalt, Alley
  • Tax Parcel Letter: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: 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

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Apache Junction High School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Apache Junction High School

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 102-27-258-1

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 22629.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 19260.0
  • Annual Operating Expense: 4562.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2162.0
  • Tax Book Number: 102.00
  • Tax Lot: 1759

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2015
Sold by
Bought by
Current Estimated Value
$465,140

Purchase Details

Listed on
Mar 14, 2013
Closed on
May 24, 2013
Sold by
Bought by
Seller's Agent
Peter Ellefson
EPL Realty Group, LLC
Buyer's Agent
William Taber
West USA Realty
List Price
$177,500
Sold Price
$171,500
Premium/Discount to List
-$6,000
-3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$127,875
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2013
Closed on
Apr 2, 2013
Sold by
Bought by
Seller's Agent
Peter Ellefson
EPL Realty Group, LLC
Buyer's Agent
William Taber
West USA Realty
List Price
$177,500
Sold Price
$171,500
Premium/Discount to List
-$6,000
-3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,875
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
0.0401%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
0.0401%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
0.0401%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
0.09%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 17, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
0.09%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,925
Interest Rate
0.0137%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,925
Interest Rate
0.0137%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
0.0671%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
0.0768%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Empire West Title Agency
$196,000 Empire West Title Agency
-- None Available
$170,500 Lawyers Title Of Az Inc
-- None Available
-- Lawyers Title Of Arizona Inc
-- Lawyers Title Of Arizona Inc
-- Lawyers Title Of Arizona Inc
$82,000 Lawyers Title Of Arizona Inc
-- Lawyers Title Insurance Corp
-- Lawyers Title Of Arizona Inc
-- Transnation Title
$259,900 Transnation Title
$173,980 Capital Title Agency Inc
$155,000 Capital Title Agency
$117,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $127,875
Closed $82,000
Closed $288,000
Closed $194,925
Closed $139,000
Closed $139,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2013 04/30/13 Sold $171,500 -3.4% $49 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
03/14/2013 03/14/13 For Sale $177,500 -- $50 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,836 $22,106 -- --
2024 $1,733 $21,906 -- --
2023 $1,807 $15,340 $2,943 $12,397
2022 $1,733 $22,327 $2,943 $19,384
2021 $1,765 $21,040 $0 $0
2020 $1,719 $16,874 $0 $0
2019 $1,649 $16,114 $0 $0
2018 $1,616 $10,330 $0 $0
2017 $1,585 $9,915 $0 $0
2016 $1,560 $9,899 $1,100 $8,799
2014 $1,647 $9,629 $1,100 $8,529
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4904588

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-258

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