NOT LISTED FOR SALE

2061 S Apache Dr Apache Junction, AZ 85120

Estimated Value: $491,848 - $630,000

Studio
4 Baths
750 Sq Ft
$751/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $375,000 $500 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,065/month

122 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of December 2020

LOW RENTS Plenty of room to raise rents.
Owner wants to do a 1031 Exchange
TENANTS PAY WATER AND ELECTRIC

Last Agent to Sell the Property

Alex Thomas

EPL Realty Group, LLC License #SA658146000 Listed on: 06/18/2020

Co-Listed By

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Last Buyer's Agent

Mark Palacio

Citiea License #SA549384000

Citiea

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,453

Year Built

  • Built in 1982

Lot Details

  • 10,411

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, water, cable TV, landscaping
  • The owner pays for sewer
  • Tax Lot 299
  • Assessor Parcel Number 102-22-299

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Superstition Villa Subdivision

Building Details

  • Operating Expense $4,653
  • Gross Income $30,600
  • Net Operating Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,453

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: US 60/IDAHO
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: eplr01
  • Co List Office Phone: 480-831-1731
  • Subdivision Name: SUPERSTITION VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1000.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 102-22-299

Multi Family

  • Owner Pays: See Remarks, Sewer
  • Tenant Pays: See Remarks, Gas, Electricity, Water, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 30600.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 30600.0
  • Annual Operating Expense: 4653.0

Tax Info

  • Tax Annual Amount: 1453.0
  • Tax Book Number: 102.00
  • Tax Lot: 299

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Nov 30, 2020
Sold by
Pace Cory A
Bought by
Marsden Christopher John and Marsden Danielle
Seller's Agent
Alex Thomas
EPL Realty Group, LLC
Buyer's Agent
Mark Palacio
Citiea
List Price
$405,000
Sold Price
$375,000
Premium/Discount to List
-$30,000
-7.41%
Current Estimated Value
$563,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,212
Avg. Annual Appreciation
8.14%
Original Mortgage
$362,460
Outstanding Balance
$323,273
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$239,939

Purchase Details

Listed on
Aug 14, 2013
Closed on
Mar 20, 2014
Sold by
Pace Kristie L and Pace Cory A
Bought by
Pace Cory A
Seller's Agent
Peter Ellefson
EPL Realty Group, LLC
Buyer's Agent
Cory Pace
EPL Realty Group, LLC
List Price
$185,000
Sold Price
$173,500
Premium/Discount to List
-$11,500
-6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.21%
Original Mortgage
$130,125
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2010
Sold by
First Bank
Bought by
745 S Morris Circle Llc

Purchase Details

Closed on
Jun 16, 2009
Sold by
Sosa Jose and Ceja Rosa M
Bought by
First Bank

Purchase Details

Closed on
Nov 18, 2005
Sold by
Johnson Pamela Sue and Hardt Pamela Sue
Bought by
Sosa Jose and Ceja Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 4, 1999
Sold by
Hodges Steven A and Hodges Leona
Bought by
Hardt Pamela Sue
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marsden Christopher John $378,000 Millennium Title Agency Llc
Pace Cory A -- Lawyers Title Of Arizona Inc
Pace Cory A $173,500 Lawyers Title Of Arizona Inc
745 S Morris Circle Llc $73,000 The Talon Group Mesa Springs
First Bank $108,000 None Available
Sosa Jose $270,000 Pioneer Title Agency Inc
Hardt Pamela Sue -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsden Christopher John $362,460
Previous Owner Pace Cory A $130,125
Previous Owner Sosa Jose $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2020 12/03/20 Sold $375,000 -5.1% $500 / Sq Ft
08/07/2020 08/07/20 Price Changed $395,000 -2.5% $527 / Sq Ft
06/18/2020 06/18/20 For Sale $405,000 +133.4% $540 / Sq Ft
03/28/2014 03/28/14 Sold $173,500 -6.2% $231 / Sq Ft View Prior Sale
03/12/2014 03/12/14 Pending -- -- --
08/14/2013 08/14/13 For Sale $185,000 -- $247 / 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 $1,617 $23,070 -- --
2024 $1,526 $23,085 -- --
2023 $1,592 $16,478 $6,247 $10,231
2022 $1,526 $23,297 $6,247 $17,050
2021 $1,554 $22,177 $0 $0
2020 $1,515 $18,454 $0 $0
2019 $1,453 $17,775 $0 $0
2018 $1,423 $9,099 $0 $0
2017 $1,408 $8,808 $0 $0
2016 $1,391 $8,816 $1,100 $7,716
2014 $1,393 $8,147 $1,100 $7,047
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6092524

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-299