NOT LISTED FOR SALE

1922 S Monterey Dr Apache Junction, AZ 85120

Estimated Value: $484,000 - $559,000

-- Bed
-- Bath
3,200 Sq Ft
$168/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $229,900 $72 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $2,958/month

48 Days on Market

About This Home

As of October 2016

FOR YOUR CONSIDERATION, A VERY NICELY APPOINTED FOUR-PLEX OWNER OCCUPY OR INVESTMENT PROPERTY. WITH A NEW BALCONY AS WELL AS HAVING BEEN RECENTLY PAINTED & RE-ROOFED. EACH OF THE UNITS IS 2 BEDROOMS AND 1 BATH. A GATED PROPERTY FOR SAFETY AND PLENTY OF SPACE FOR CHILDREN TO PLAY. COVERED PARKING. WITH RENTS ABOVE $ 500.00 PER MONTH, THIS PROPERTY HAS A CAP RATE OF NEARLY 8.0%. A SOLID RETURN ON INVESTMENT. CLOSE TO LOCAL PUBLIC TRANSPORTATION, SHOPPING, AND SERVICES. THIS PROPERTY COULD WORK WELL WITH A 1031 EXCHANGE PURCHASE. PLEASE VIEW THE PHOTOS BOTH INSIDE & OUT.

Last Agent to Sell the Property

Michael Rapaport

West USA Realty License #SA541699000 Listed on: 08/05/2016

West USA Realty

Co-Listed By

Dawn Rapaport

West USA Realty License #SA516043000

Last Buyer's Agent

Flavio Villa

Valley Executives Real Estate License #SA637620000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,429

Year Built

  • Built in 1984

Lot Details

  • 10,498

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Construction or Metal Frame

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Desert Vista Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 131
  • Assessor Parcel Number 102-22-131

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10468 sq. ft
  • Superstition Villa Subdivision

Building Details

  • Operating Expense $7,627
  • Net Operating Income $18,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,429

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: HIGHWAY 60 & IDAHO RD
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1990.0
  • Co List Office Mls Id: wusa05
  • Co List Office Phone: 602-942-4200
  • Subdivision Name: SUPERSTITION VILLA
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: 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
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1668.0

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 10468 sq. ft
  • Additional Parcels: No
  • Parcel #: 102-22-131

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Insurance Expense: 1220.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 18311.4
  • Annual Operating Expense: 7627.0

Tax Info

  • Tax Annual Amount: 1429.0
  • Tax Book Number: 102.00
  • Tax Lot: 131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2005
Sold by
Evp3 Llc
Bought by
Sandhu Rajwinder Singh and Sandhu Meeta K
Current Estimated Value
$537,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 4, 2005
Sold by
Sandhu Rajwinder Singh and Sandhu Meeta K
Bought by
Lewis Jeanne and Lewis Clay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 2004
Sold by
Sandhu Rajwinder Singh and Sandhu Meeta K
Bought by
Evp3 Llc

Purchase Details

Closed on
Oct 11, 2003
Sold by
Mills Joyce
Bought by
Sandhu Rajwinder Singh and Sandhu Meeta K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,920
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2002
Sold by
Mills Thomas B and Mills Joyce Germaine
Bought by
Mills Joyce

Purchase Details

Closed on
Dec 7, 2001
Sold by
Bissar Saadi J
Bought by
Mills Thomas B and Mills Joyce Germaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,441
Interest Rate
7.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 1997
Sold by
Bissar Saadi and Bissar Saadi J
Bought by
Bissar Saadi J

Purchase Details

Closed on
Oct 27, 1993
Sold by
Bissar Saleh J
Bought by
Bissar Saadi
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
Sandhu Rajwinder Singh -- Grand Canyon Title Agency In
Lewis Jeanne $265,000 Grand Canyon Title Agency In
Evp3 Llc -- --
Sandhu Rajwinder Singh $204,900 Security Title Agency
Mills Joyce -- Security Title Agency
Mills Joyce -- --
Mills Thomas B $162,500 Security Title Agency
Bissar Saadi J -- --
Bissar Saadi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Jeanne $122,500
Previous Owner Sandhu Rajwinder Singh $163,920
Previous Owner Mills Thomas B $103,441
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2016 10/19/16 Sold $229,900 0.0% $72 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
09/02/2016 09/02/16 Price Changed $229,900 -4.2% $72 / Sq Ft
08/03/2016 08/03/16 For Sale $239,900 -- $75 / 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 $1,677 $23,948 -- --
2024 $1,430 $24,871 -- --
2023 $1,651 $18,428 $6,285 $12,143
2022 $1,583 $23,200 $6,285 $16,915
2021 $1,430 $22,063 $0 $0
2020 $1,395 $18,383 $0 $0
2019 $1,334 $17,712 $0 $0
2018 $1,476 $9,436 $0 $0
2017 $1,529 $9,588 $0 $0
2016 $1,491 $9,561 $1,100 $8,461
2014 -- $8,260 $1,100 $7,160
Source: Public Records

Agents Affiliated with this Home

  • Michael Rapaport

    Seller's Agent in 2016

    Michael Rapaport

    West USA Realty

    (623) 628-2497

    1 in this area

    117 Total Sales

    Michael Rapaport
    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Dawn Rapaport

    West USA Realty

    (602) 896-1944

    20 Total Sales

    Dawn Rapaport
    Section Image

  • F

    Buyer's Agent in 2016

    Flavio Villa

    Valley Executives Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5479762

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-131

Arizona Pinal County Apache Junction 85120

1922 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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