NOT LISTED FOR SALE

1551 E Southern Ave Apache Junction, AZ 85119

Estimated Value: $407,137 - $581,000

-- Bed
8 Baths
1,520 Sq Ft
$326/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $200,000 $132 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $2,749/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of August 2015

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 2 new A/C unit

Last Agent to Sell the Property

Morten Pedersen

Pedersen Real Estate & Property Management License #BR635605000 Listed on: 07/13/2015

Last Buyer's Agent

Morten Pedersen

Lori Blank & Associates, LLC License #BR635605000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,646

Year Built

  • Built in 1982

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1759
  • Assessor Parcel Number 102-27-258

Community Details

Overview

  • 4 Units
  • Building Dimensions are 109 x 90
  • Palm Springs Unit 15 Subdivision

Building Details

  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,646

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Southern and Tomahawk
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: 4 plex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 109 x 90
  • Additional Parcels: No
  • Parcel #: 102-27-258

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Insurance Expense: 750.0
  • Property Net Operating Income: 27600.0

Tax Info

  • Tax Annual Amount: 1646.0
  • Tax Book Number: 102.00
  • Tax Lot: 1759

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2015
Closed on
Aug 13, 2015
Sold by
Kenn Paul and Kenn Henriette I
Bought by
Moose Tracks Ii Llc
Seller's Agent
Morten Pedersen
Pedersen Real Estate & Property Management
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$199,900
Sold Price
$200,000
Premium/Discount to List
$100
0.05%
Current Estimated Value
$495,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,534
Avg. Annual Appreciation
9.14%

Purchase Details

Closed on
May 24, 2013
Sold by
Kenn Paul and Kenn Henriette I
Bought by
Kph Properties Llc

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
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2013
Sold by
1551 East Southern Avenue Llc
Bought by
Kenn Paul and Kenn Henriette I

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
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2011
Sold by
Ellefson Peter
Bought by
1151 East Southernavenue Llc

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
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2011
Sold by
Ellefson Ana
Bought by
Ellefson Peter

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
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2011
Sold by
Debra Jacques A
Bought by
Ellefson Peter

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
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Debra Denise
Bought by
Debra Jacques A

Purchase Details

Closed on
Oct 17, 2006
Sold by
Aip Llc
Bought by
Debra Jacques A

Purchase Details

Closed on
May 25, 2005
Sold by
Debra Denise I
Bought by
Debra Jacques A

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
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2005
Sold by
Mortensesn Michael L and Mortensen Autumn V
Bought by
Debra Jacques A

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
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2002
Sold by
Mccartney Robert and Mccartney Melissa
Bought by
Mortensen Michael L and Mortensen Autumn V

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
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 1999
Sold by
Cox Lester F and Cox Patricia J
Bought by
Mccartney Robert and Mccartney Melissa

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
7.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 1997
Sold by
Dannunzio Benny and Dannunzio Ann
Bought by
Cox Lester F and Cox Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,300
Interest Rate
7.86%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Moose Tracks Ii Llc $196,000 Empire West Title Agency
Kenn Paul -- Empire West Title Agency
Kph Properties Llc -- None Available
Kenn Paul $170,500 Lawyers Title Of Az Inc
1151 East Southernavenue Llc -- None Available
Ellefson Peter -- Lawyers Title Of Arizona Inc
Ellefson Peter $82,000 Lawyers Title Of Arizona Inc
Debra Jacques A -- Lawyers Title Of Arizona Inc
Debra Jacques A -- Lawyers Title Of Arizona Inc
Debra Jacques A -- Lawyers Title Insurance Corp
Debra Jacques A -- Lawyers Title Of Arizona Inc
Debra Jacques A -- Transnation Title
Debra Jacques A $259,900 Transnation Title
Mortensen Michael L $173,980 Capital Title Agency Inc
Mccartney Robert $155,000 Capital Title Agency
Cox Lester F $117,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kenn Paul $127,875
Previous Owner Ellefson Peter $82,000
Previous Owner Debra Jacques A $194,925
Previous Owner Mortensen Michael L $139,000
Previous Owner Mccartney Robert $139,500
Previous Owner Cox Lester F $105,300
Closed Mortensen Michael L $26,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2015 08/14/15 Sold $200,000 +0.1% $132 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $199,900 -- $132 / 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 $1,836 $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

  • M

    Seller's Agent in 2015

    Morten Pedersen

    Pedersen Real Estate & Property Management

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5306869

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-258

Arizona Pinal County Apache Junction 85119

1551 E Southern Ave, Apache Junction, AZ

Not Listed for Sale

MultiFamily

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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