NOT LISTED FOR SALE

1667 S Winchester Rd Apache Junction, AZ 85119

Estimated Value: $327,619 - $466,000

-- Bed
-- Bath
2,240 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 12, 2013

Last sale price $137,000 $61 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $2,259/month

4 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heat Pump System

About This Home

As of March 2013

Great listing under $143,000 Fully remodeled and 100% occupied 4-plex. Newer Roof. All large 1 bedroom 1 bathroom units. Great Cap Rate! Drive by only. DO NOT DISTURB TENANTS. They are unaware of sale. Upon fully esxecuted contract, inspection is available. Please waive SPDS and CLUE. Last 4 plex in AJ for under $150,000 GREAT INVESTMENT OPPORTUNITY!!!!

Last Agent to Sell the Property

Lisa Boehme

Gold Standard Real Estate License #BR631341000 Listed on: 02/08/2013

Last Buyer's Agent

Stan Hughes

HomeSmart License #SA574688000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,286

Year Built

  • Built in 1979

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Desert Vista Elementary School
  • Apache Junction High School

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, electricity
  • The owner pays for water
  • Tax Lot 1014
  • Assessor Parcel Number 102-26-015

Community Details

Overview

  • 4 Units
  • Building Dimensions are 109x92
  • Palm Springs Subdivision

Building Details

  • Operating Expense $2,986
  • Gross Income $19,494
  • Net Operating Income $19,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,286

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Winchester and 16th Ave
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2011
  • Directions: Idaho and US60 North to 16th Ave, East to Winchester, South to Address
  • Road Surface Type: Asphalt
  • Subdivision Name: Palm Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 600.0

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 109x92
  • Additional Parcels: No
  • Parcel #: 102-26-015

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 19494.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 19320.0
  • Annual Operating Expense: 2986.4
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1286.4
  • Tax Book Number: 102.00
  • Tax Lot: 1014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2013
Closed on
Mar 11, 2013
Sold by
Residential Rentals Llc
Bought by
Miles Casey
Seller's Agent
Lisa Boehme
Gold Standard Real Estate
Buyer's Agent
Stan Hughes
HomeSmart
List Price
$142,900
Sold Price
$137,000
Premium/Discount to List
-$5,900
-4.13%
Current Estimated Value
$413,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,405
Avg. Annual Appreciation
9.14%
Original Mortgage
$97,500
Outstanding Balance
$68,772
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$344,633

Purchase Details

Closed on
Dec 31, 2012
Sold by
Az Apartment Rentals Llc
Bought by
Residential Rentals Llc

Purchase Details

Closed on
Apr 15, 2010
Sold by
On Time Properties Llc
Bought by
Az Apartment Rentals Llc

Purchase Details

Closed on
Aug 15, 2008
Sold by
Deoro Laura Castel
Bought by
Wachovia Mortgage Fsb

Purchase Details

Closed on
Jun 10, 2008
Sold by
Wachovia Mortgage Fsb
Bought by
On Time Properties Llc

Purchase Details

Closed on
Nov 23, 2004
Sold by
Davis Mark
Bought by
Deoro Laura Castel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2003
Sold by
Cross Frank G and Cross Aura G
Bought by
Davis Mark

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
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2003
Sold by
Davis Moline
Bought by
Davis Mark

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
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2002
Sold by
Nixon Harold George
Bought by
Cross Frank and Cross Aura G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 1995
Sold by
Slagowski Neil and Slagowski Leotha W
Bought by
Nixon Harold George

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
7.88%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Miles Casey $130,000 Security Title Agency
Residential Rentals Llc $130,000 None Available
Az Apartment Rentals Llc $130,000 None Available
Wachovia Mortgage Fsb $147,200 None Available
On Time Properties Llc $112,500 Lawyers Title Insurance Corp
Deoro Laura Castel $195,000 Ticor Title Agency Of Az Inc
Davis Mark $159,000 Capital Title Agency Inc
Davis Mark -- Capital Title Agency Inc
Cross Frank $142,000 Chicago Title Insurance Co
Nixon Harold George $85,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Casey $97,500
Previous Owner Deoro Laura Castel $156,000
Previous Owner Davis Mark $144,000
Previous Owner Cross Frank $127,800
Previous Owner Nixon Harold George $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2013 03/12/13 Sold $137,000 -4.1% $61 / Sq Ft
02/12/2013 02/12/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $142,900 -- $64 / 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 $1,086 $19,721 -- --
2024 $1,025 $19,751 -- --
2023 $1,070 $12,228 $4,942 $7,286
2022 $1,025 $17,714 $4,942 $12,772
2021 $1,044 $16,845 $0 $0
2020 $1,018 $12,083 $0 $0
2019 $976 $11,568 $0 $0
2018 $956 $7,043 $0 $0
2017 $931 $6,871 $0 $0
2016 $908 $6,608 $1,100 $5,508
2014 $768 $5,030 $1,100 $3,930
Source: Public Records

Agents Affiliated with this Home

  • Lisa Boehme

    Seller's Agent in 2013

    Lisa Boehme

    Gold Standard Real Estate

    (480) 861-6368

    1 in this area

    44 Total Sales

    Lisa Boehme
    Section Image

  • S

    Buyer's Agent in 2013

    Stan Hughes

    HomeSmart

    (480) 898-1234

    4 Total Sales

    Stan Hughes
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4887851

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-015

Arizona Pinal County Apache Junction 85119

1667 S Winchester Rd, Apache Junction, AZ

This home is located at 1667 S Winchester Rd, Apache Junction, AZ 85119 since 08 February 2013 and is currently estimated at $413,405, approximately $184 per square foot. This property was built in 1979. 1667 S Winchester Rd is a home located in Pinal County with nearby schools including Peralta Trail Elementary School, Cactus Canyon Junior High School, and Apache Junction High School.

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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