NOT LISTED FOR SALE

1573 E 26th Ln Apache Junction, AZ 85119

Estimated Value: $554,260

-- Bed
-- Bath
3,300 Sq Ft
$168/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $550,000 $167 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,179/month

59 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of June 2022

Owner occupied fourplex in great location near US 60. Property features: Four 2 bedroom / 1 bath apartments approximately 825 SqFt all have their own storage units and fenced yards. Roof and four (4) new HVAC units have transferable warranties, Several units being renovated with wood plank tile floors. Additional interior work is needed. Carport parking for each apartment with additional large paved parking, Two units occupied by owners, two units with low rents. Ample opportunity for growth and value add.

Last Listed By

Scott Bartlowe

Better Homes & Gardens Real Estate SJ Fowler License #BR573483000 Listed on: 02/17/2022

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,391

Year Built

  • Built in 1980

Lot Details

  • 9,670

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 102-27-195

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $4,791
  • Gross Income $18,000
  • Net Operating Income $14,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,391

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: US 60 and Tomahawk Rd
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2021
  • Directions: From US 60 proceed north on Tomahawk Rd approximately 0.3 miles. Property on left (west side).
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, >1 Space Per Unit, Carport
  • 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:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 320.0
  • Annual Water Sewer Expense: 1080.0

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-27-195

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 18000.0
  • Insurance Expense: 2000.0
  • Property Net Operating Income: 14600.0
  • Annual Operating Expense: 4791.0

Tax Info

  • Tax Annual Amount: 1391.0
  • Tax Book Number: 102.00
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2023
Sold by
Barrett Tyler and Rivera Rodney
Bought by
Ion Equities Iv Llc
Total Days on Market
59
Current Estimated Value
$554,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Outstanding Balance
$581,161
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
-$26,901

Purchase Details

Closed on
Apr 8, 2021
Sold by
Smith Christie M and Smith Jeffrey
Bought by
Smith Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,999
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2020
Sold by
Rippey David K
Bought by
Rippey David K and Smith Jeffrey

Purchase Details

Closed on
Nov 1, 2019
Sold by
Rippey Nathan D
Bought by
Rippey David K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2019
Sold by
Rippey Nathan D and Smith Jeffrey R
Bought by
Rippey David K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2013
Sold by
Rc Chi
Bought by
Rippey Nate and Rippey David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.7%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
May 11, 2004
Sold by
Sher Randi L
Bought by
Chi Rc

Purchase Details

Closed on
Jan 12, 2004
Sold by
Agnick Theodore A
Bought by
Sher Randi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 1998
Sold by
Fraker Bonnie G
Bought by
Agnick Theodore A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 1995
Sold by
Z Snap Inc
Bought by
Fraker Bonnie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,800
Interest Rate
7.58%

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
Ion Equities Iv Llc -- --
Smith Jeffrey -- Pioneer Title Agency Inc
Rippey David K -- Pioneer Title Agency Inc
Rippey David K -- None Available
Rippey David K -- Great American Title
Rippey David K -- Great American Title Agency
Smith Jeffrey R -- Great American Title Agency
Rippey Nathan D -- Great American Ttl Agcy Inc
Rippey Nate $135,000 Great American Title Agency
Chi Rc -- --
Sher Randi $182,500 First American Title Insuran
Agnick Theodore A $135,000 --
Fraker Bonnie G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ion Equities Iv Llc $592,000
Previous Owner Smith Jeffrey $249,999
Previous Owner Rippey David K $129,000
Previous Owner Rippey David K $129,000
Previous Owner Rippey Nate $135,000
Previous Owner Sher Randi $146,000
Previous Owner Agnick Theodore A $121,100
Previous Owner Agnick Theodore A $121,500
Previous Owner Fraker Bonnie G $49,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $550,000 -11.1% $167 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $619,000 0.0% $188 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
03/14/2022 03/14/22 Price Changed $619,000 -1.6% $188 / Sq Ft
03/01/2022 03/01/22 For Sale $629,000 0.0% $191 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $629,000 -- $191 / 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 $1,271 $20,726 -- --
2024 $1,539 $20,695 -- --
2023 $1,251 $13,975 $2,903 $11,072
2022 $1,539 $20,900 $2,903 $17,997
2021 $1,391 $19,729 $0 $0
2020 $1,356 $15,831 $0 $0
2019 $1,465 $15,116 $0 $0
2018 $1,435 $9,626 $0 $0
2017 $1,397 $9,356 $0 $0
2016 $1,363 $8,977 $1,100 $7,877
2014 $1,452 $8,491 $1,100 $7,391
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6357318

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-195