NOT LISTED FOR SALE

1882 S Monterey Dr Apache Junction, AZ 85120

Estimated Value: $538,000 - $553,000

-- Bed
-- Bath
3,200 Sq Ft
$170/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $425,000 $133 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,017/month

1 Day on Market

About This Home

As of February 2021

Great opportunity to own a hard to find 4plex. Fantastic residential neighborhood. Tenants pay for their own power and water, units rent very quickly. Three units rented with one vacancy. These units all have their own washer dryer hook ups.

Last Agent to Sell the Property

Wally Erickson

Erickson Realty Group L.L.C. License #BR523953000 Listed on: 01/17/2021

Last Buyer's Agent

Luis Espinoza

Gile Commercial Real Estate License #SA663217000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,785

Year Built

  • Built in 1985

Lot Details

  • 10,454

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, landscaping
  • Tax Lot 55
  • Assessor Parcel Number 102-22-055

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10474
  • Superstition Villa Subdivision

Building Details

  • Operating Expense $1,785
  • Gross Income $22,725
  • Net Operating Income $15,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,785

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 16th ave/ Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: SUPERSTITION VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 10474
  • Additional Parcels: No
  • Parcel #: 102-22-055

Multi Family

  • Owner Pays: Trash Collection, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 22725.0
  • Property Net Operating Income: 15483.0
  • Annual Operating Expense: 1785.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 1785.0
  • Tax Book Number: 102.00
  • Tax Lot: 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2021
Sold by
Tan Justin
Bought by
1882 S Monterey Drive Trust
Current Estimated Value
$545,438

Purchase Details

Closed on
Jun 8, 2021
Sold by
Tan Justin
Bought by
Smith Scott Royal and 1882 S Monterey Drive Trust

Purchase Details

Listed on
Jan 17, 2021
Closed on
Feb 12, 2021
Sold by
Lai Jasmine
Bought by
Tan Justin
Seller's Agent
Wally Erickson
Erickson Realty Group L.L.C.
Buyer's Agent
Luis Espinoza
Gile Commercial Real Estate
List Price
$415,000
Sold Price
$425,000
Premium/Discount to List
$10,000
2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%
Original Mortgage
$318,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2011
Closed on
Apr 4, 2012
Sold by
Igloo Properties Llc
Bought by
Drovdal David Olaf and Drovdal Kathleen Marie
Seller's Agent
Rudolph Iglewski II
Jonna Baker & Associates Realty
Buyer's Agent
Gus Palmisano
Keller Williams Integrity First
List Price
$195,500
Sold Price
$165,000
Premium/Discount to List
-$30,500
-15.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%

Purchase Details

Closed on
Jun 16, 2009
Sold by
Deutsche Bank National Trust
Bought by
Igloo Properties Llc

Purchase Details

Closed on
Apr 8, 2009
Sold by
Rodriguez Angel
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jan 10, 2007
Sold by
Paquette Andrew
Bought by
Rodriguez Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2004
Sold by
Riggs Justin and Riggs Katherine
Bought by
Paquette Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,700
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2003
Sold by
Riggs Justin
Bought by
Riggs Justin and Riggs Kathrine

Purchase Details

Closed on
Nov 21, 2002
Sold by
Pedersen Mary L
Bought by
Riggs Justin

Purchase Details

Closed on
Dec 10, 2001
Sold by
Bissar Saadi
Bought by
Pedersen Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.73%

Purchase Details

Closed on
Feb 13, 1997
Sold by
Bissar Saadi and Bissar Saadi J
Bought by
Bissar Saadi J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1882 S Monterey Drive Trust -- --
Smith Scott Royal -- None Available
Tan Justin -- Wfg National Title Ins Co
Tan Justin $425,000 Wfg National Title Insurance C
Drovdal David Olaf $165,000 Security Title Agency
Igloo Properties Llc $105,000 Chicago Title
Deutsche Bank National Trust Company $121,083 None Available
Rodriguez Angel $297,000 Premier Title Group Maricopa
Paquette Andrew $226,000 Tsa Title Agency
Riggs Justin -- --
Riggs Justin $200,000 Security Title Agency
Pedersen Mary L -- Security Title Agency
Bissar Saadi J -- Security Title Agency
Bissar Saadi J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tan Justin $318,750
Previous Owner Rodriguez Angel $237,600
Previous Owner Paquette Andrew $214,700
Previous Owner Pedersen Mary L $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/19/2021 02/19/21 Sold $425,000 +2.4% $133 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/17/2021 01/17/21 For Sale $415,000 +151.5% $130 / Sq Ft
04/09/2012 04/09/12 Sold $165,000 -15.6% $52 / Sq Ft View Prior Sale
03/19/2012 03/19/12 Pending -- -- --
12/20/2011 12/20/11 For Sale $195,500 -- $61 / 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 $1,906 $24,862 -- --
2024 $1,877 $25,802 -- --
2023 $1,877 $19,223 $0 $0
2022 $1,799 $18,151 $6,283 $11,868
2021 $1,833 $18,280 $0 $0
2020 $1,785 $17,897 $0 $0
2019 $1,713 $17,681 $0 $0
2018 $1,678 $11,949 $0 $0
2017 $1,634 $11,893 $0 $0
2016 $1,593 $11,783 $1,100 $10,683
2014 $1,517 $8,962 $1,100 $7,862
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Wally Erickson

    Erickson Realty Group L.L.C.

    (480) 689-6360

    2 in this area

    13 Total Sales

    Wally Erickson
    Section Image
  • Luis Espinoza

    Buyer's Agent in 2021

    Luis Espinoza

    Gile Commercial Real Estate

    (602) 373-9729

    1 in this area

    114 Total Sales

    Luis Espinoza
    Section Image

  • R

    Seller's Agent in 2012

    Rudolph Iglewski II

    Jonna Baker & Associates Realty

    Section Image
  • Gus Palmisano

    Buyer's Agent in 2012

    Gus Palmisano

    Keller Williams Integrity First

    (602) 565-1314

    6 in this area

    176 Total Sales

    Gus Palmisano
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6182320

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-055

Arizona Pinal County Apache Junction 85120

1882 S Monterey Dr, 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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