NOT LISTED FOR SALE

1574 E 29th Ave Apache Junction, AZ 85119

Estimated Value: $322,244 - $590,000

-- Bed
-- Bath
3,300 Sq Ft
$146/Sq Ft Est. Value

Last Sold June 10, 2014

Last sale price $144,000 $44 Per Sq Ft

Est. 235% increase in value since last sale

Current estimated payment $2,662/month

38 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Multiple Heating Units

About This Home

As of June 2014

100% OCCUPIED, stable, income-producing fourplex in a strong rental neighborhood with stunning mountain views, easy freeway access, and plenty of retail. This investment property has a newer roof (2010), termite warranty through 3/2015, and all A/C units have been replaced in the past 3 years. Check out the Documents tab for rent rolls, and see the impressive returns for yourself!

Last Agent to Sell the Property

Mark Carvalho

Carvalho Real Estate License #BR543460000 Listed on: 04/11/2014

Co-Listed By

Kristin Carvalho

Carvalho Real Estate License #BR540614000

Last Buyer's Agent

Frank R Kelley

DPR Realty LLC License #SA524182000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,573

Year Built

  • Built in 1980

Lot Details

  • 9,670

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

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

Schools

  • Apache Junction High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System
  • Septic Tank

Community Details

  • 4 Units
  • Building Dimensions are Unk
  • Palm Springs Subdivision

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection, landscaping
  • Tax Lot 1626
  • Assessor Parcel Number 102-27-125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,573

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Tomahawk and US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2013
  • Road Surface Type: Gravel, Dirt, Asphalt, Alley
  • Professional Management Expense: 1805.0
  • Co List Office Mls Id: creg001
  • Co List Office Phone: 480-854-9000
  • Subdivision Name: Palm Springs
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, 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
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 576.0

Schools

  • High School: Apache Junction High School

Lot Info

  • Lot Size: Unk
  • Additional Parcels: No
  • Parcel #: 102-27-125

Multi Family

  • Owner Pays: Trash Collection, Landscaping
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 4
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1573.44
  • Tax Book Number: 102.00
  • Tax Lot: 1626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2019
Sold by
Kelley Frank R and Kelley Jeanna M
Bought by
Fk Holdings Iii Llc
Current Estimated Value
$483,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Outstanding Balance
$181,252
Interest Rate
4%
Mortgage Type
Credit Line Revolving
Estimated Equity
$301,809

Purchase Details

Closed on
May 2, 2019
Sold by
Fk Holdings Iii Llc
Bought by
Kelley Frank R and Kelley Jeanna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Outstanding Balance
$181,252
Interest Rate
4%
Mortgage Type
Credit Line Revolving
Estimated Equity
$301,809

Purchase Details

Listed on
Apr 11, 2014
Closed on
Jun 25, 2014
Sold by
F & 5 Corp
Bought by
Fk Holdings Iii Llc
Seller's Agent
Mark Carvalho
Carvalho Real Estate
Buyer's Agent
Frank R Kelley
DPR Realty LLC
List Price
$165,000
Sold Price
$144,000
Premium/Discount to List
-$21,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%

Purchase Details

Listed on
Apr 11, 2014
Closed on
Jun 6, 2014
Sold by
Fox Edward M and Oslie Pamala A
Bought by
F 5 Corporation
Seller's Agent
Mark Carvalho
Carvalho Real Estate
Buyer's Agent
Frank R Kelley
DPR Realty LLC
List Price
$165,000
Sold Price
$144,000
Premium/Discount to List
-$21,000
-12.73%

Purchase Details

Closed on
Mar 10, 2004
Sold by
Corens Paul F and Kandas Wayne D
Bought by
Fox Edward M and Oslie Pamala A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 14, 2003
Sold by
White Myrna K
Bought by
White Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.72%

Purchase Details

Closed on
Apr 7, 2003
Sold by
Corens Kim
Bought by
Corens Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.72%

Purchase Details

Closed on
Mar 19, 2002
Sold by
Kandas Kay
Bought by
Kandas Wayne

Purchase Details

Closed on
Nov 10, 1999
Sold by
Zaman Shojaee Morteza and Zaman Shojaee
Bought by
Eshani Bijan and Eshani Shokufeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
7.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 1994
Sold by
Bley John J and Bley Joyce Marie
Bought by
Saed Mansoor and Saed Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,800
Interest Rate
8.57%
Mortgage Type
Commercial
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
Fk Holdings Iii Llc -- None Available
Kelley Frank R -- Priority Title & Escrow
Fk Holdings Iii Llc -- None Available
F 5 Corporation $144,000 Security Title Agency
Fox Edward M $178,000 Fidelity National Title Agen
White Phillip J -- Fidelity Natl Title Agency
Kandas Wayne D -- Fidelity Natl Title Agency
Corens Paul F -- Fidelity Natl Title Agency
Corens Paul -- Fidelity Natl Title Agency
Kandas Wayne -- Fidelity National Title Agen
Corens Paul -- Fidelity National Title Agen
Kandas Wayne $174,000 Fidelity National Title Agen
Eshani Bijan $123,500 Fidelity National Title Agen
Saed Mansoor $51,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelley Frank R $207,000
Previous Owner Fox Edward M $133,500
Previous Owner Corens Paul F $144,000
Previous Owner Eshani Bijan $98,800
Previous Owner Saed Mansoor $40,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2014 06/10/14 Sold $144,000 -12.7% $44 / Sq Ft
05/19/2014 05/19/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $165,000 -- $50 / 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 $1,482 $19,980 -- --
2024 $1,399 $20,000 -- --
2023 $1,459 $13,373 $2,904 $10,469
2022 $1,399 $20,466 $2,904 $17,562
2021 $1,425 $19,330 $0 $0
2020 $1,388 $15,476 $0 $0
2019 $1,332 $14,775 $0 $0
2018 $1,305 $9,313 $0 $0
2017 $1,270 $9,064 $0 $0
2016 $1,239 $8,692 $1,100 $7,592
2014 $1,173 $6,862 $1,100 $5,762
Source: Public Records

Agents Affiliated with this Home

  • Mark Carvalho

    Seller's Agent in 2014

    Mark Carvalho

    Carvalho Real Estate

    (480) 250-6099

    44 Total Sales

    Mark Carvalho
    Section Image

  • K

    Seller Co-Listing Agent in 2014

    Kristin Carvalho

    Carvalho Real Estate

    (480) 854-9000

    23 Total Sales

    Kristin Carvalho
    Section Image

  • F

    Buyer's Agent in 2014

    Frank Kelley

    Weichert, Realtors-Lake Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5099404

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-125

Arizona Pinal County Apache Junction 85119

1574 E 29th 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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