Seller's Agent in 2016
Michael Rapaport
West USA Realty
(623) 628-2497
1 in this area
109 Total Sales
1922 S Monterey Dr Apache Junction, AZ 85120
Estimated Value: $479,000 - $561,000
Studio
--
Bath
3,200
Sq Ft
$166/Sq Ft
Est. Value
About This Home
As of October 2016FOR 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
West USA Realty License #SA541699000 Listed on: 08/05/2016
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
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
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Rapaport
-
Dawn Rapaport
D
Seller Co-Listing Agent in 2016
Dawn Rapaport
West USA Realty
(602) 896-1944
18 Total Sales
-
Flavio Villa
Buyer's Agent in 2016
Flavio Villa
Valley Executives Real Estate
(602) 384-7177
3 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5479762
APN: 102-22-131
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.
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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