$105,000
SOLD MAR 22, 2012

1574 E 28th Ave Apache Junction, AZ 85119

8 Beds
4 Baths
868 Sq Ft
9,888 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

19% Below List Price

13 Days on Market

Highlights

  • Cooling Available
  • Painted or Stained Flooring
  • Heat Pump System

About This Home

As of October 2015

It's another Short Sale by the team that gets multifamily short sales done! All 2 bedroom, open floor plan with washer/dryer hookups. Good frontage for rent signs on Tomahawk Road. This is a short sale and subject to lender(s) and seller final approval. Drive by only, please do not disturb the tenants.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 08/30/2011

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lois Kaipainen

Income Property Shop License #SA567276000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,878

Year Built

  • Built in 2003

Parking

  • Paved Parking

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Dishwasher

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Vinyl

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

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

Community Details

Overview

  • $1,833 per year Dock Fee
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,878

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Tax Municipality: Apache Junction
  • Appliances Included: Dishwasher, F/S Oven/Range, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: US 60 & Tomahawk
  • Floors: Carpet, Vinyl
  • Legal Info Lot Number: 1637
  • Legal Info Range: 08E
  • Legal Info Section: 33
  • Legal Info Township: 01N
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: PALM SPRINGS
  • Marketing Name: Palm Springs SS
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 6.00
  • Map Code Grid: R44
  • Year Built: 2003
  • Tax Year: 2011
  • Directions: North to property on NEC of 28th Ave and Tomahawk Road.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Amenities: Desert Landscaping, Separate Storage
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: 1 Space/Unit, Paved Parking
  • Total Parking Spaces: 6.00

Utilities

  • Water: City Franchise
  • Electric: Individual Meter, SRP
  • Cooling: Electric, Individual
  • Heating: Electric, Heat Pump

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Adjusted Gross Inc: 21384.00
  • Income And Expenses Annual Ins Exp: 1000.00
  • Income And Expenses Annual Landscape Exp: 500.00
  • Income And Expenses Annual Maint Exp: 150.00
  • Income And Expenses Annual Trash Exp: 1000.00
  • Income And Expenses Annual Water Sewer Exp: 1000.00
  • Income And Expenses Gross Annual Sch Inc: 23760.00
  • Income And Expenses Net Operating Income: 14509.00
  • Income And Expenses Totl Mnth Rntal Inc: 1980.00
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 495.00
  • Two Bedroom Units Avg Sq Ft: 868
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1833.40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2020
Sold by
Trail George R and Trail Lana K
Bought by
Trail George R and Trail Lana K
Current Estimated Value
$526,411

Purchase Details

Listed on
Oct 31, 2015
Closed on
Oct 26, 2015
Sold by
28Th Partners Llc
Bought by
The George R & Lana K Trail Family Revoc
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
Jul 17, 2013
Sold by
Vitak Jonathan
Bought by
28Th Partners Llc

Purchase Details

Listed on
Aug 30, 2011
Closed on
Feb 15, 2012
Sold by
Pagliaro Anthony Allen and Pagliaro Jeanette Marie
Bought by
Vitak Jonathan
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$129,000
Sold Price
$105,000
Premium/Discount to List
-$24,000
-18.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.78%
Original Mortgage
$68,600
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 28, 2006
Sold by
Robbins James D and Robbins Susan M
Bought by
Pagliaro Anthony Allen and Pagliaro Jeanette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,250
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2004
Sold by
Aston Jim and Aston Ina
Bought by
Robbins James D and Robbins Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,675
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2003
Sold by
Crisifulli Allen
Bought by
Aston Jim and Aston Ina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
5.53%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 11, 2000
Sold by
Mathy Michael
Bought by
Mathy Sara L

Purchase Details

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

Range of Values:

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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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Cash Sale Deed $225,000 American Title Svc Agency Ll
Warranty Deed -- None Available
Warranty Deed $105,000 Chicago Title
Warranty Deed $397,500 Capital Title Agency Inc
Warranty Deed $260,900 Fidelity National Title Agen
Warranty Deed $35,000 First American Title Ins Co
Warranty Deed -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title
Cash Sale Deed $14,000 First American Title
Warranty Deed -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $68,600 New Conventional
Previous Owner $68,600 Unknown
Previous Owner $278,250 New Conventional
Previous Owner $195,675 New Conventional
Previous Owner $190,800 Construction
Closed $39,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $225,000 0.0% $130 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $225,000 +114.3% $130 / Sq Ft
03/22/2012 03/22/12 Sold $105,000 -18.6% $121 / Sq Ft
09/12/2011 09/12/11 Pending -- -- --
08/30/2011 08/30/11 For Sale $129,000 -- $149 / 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 $1,878 $35,320 -- --
2024 $1,773 $35,671 -- --
2023 $1,849 $26,482 $2,961 $23,521
2022 $1,773 $24,304 $2,961 $21,343
2021 $1,806 $24,202 $0 $0
2020 $1,759 $22,957 $0 $0
2019 $1,687 $22,323 $0 $0
2018 $1,653 $19,135 $0 $0
2017 $1,609 $18,817 $0 $0
2016 $1,570 $18,396 $1,100 $17,296
2014 $1,487 $8,695 $1,100 $7,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4645187

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-136