NOT LISTED FOR SALE

225 S Grand Dr Apache Junction, AZ 85120

Estimated Value: $592,308 - $618,000

-- Bed
3 Baths
1,570 Sq Ft
$385/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $615,000 $392 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,466/month

5 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of April 2022

Great opportunity for investors Beautifully maintained 4-plex property located in Apache Junction on a 1/2 acre lot. All units come with ceramic tile, a neutral palette, and a fully equipped kitchen including a breakfast bar and cabinetry space. Main House has a Brand New AC (previously used window units). Extra Huge Storage Shed that can allow to increase rents or add units there is so much room for parking and covered patios for relaxing mornings or sunsets. Easy to rent. Don't let this incredible opportunity slip by! Come take a look today!

Last Agent to Sell the Property

Ruby Threlkel

DeLex Realty License #SA676228000 Listed on: 02/03/2022

DeLex Realty

Last Buyer's Agent

Christopher Paul

Realty ONE Group License #BR526805000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,426

Year Built

  • Built in 1954

Lot Details

  • 0.51

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 7 Parking Spaces
  • 1 Covered Space
  • On-Street Parking
  • RV or Boat Parking

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heat Pump System
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 101-10-121

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 22029
  • Grand View Place Subdivision

Building Details

  • Operating Expense $56,724
  • Gross Income $43,700
  • Net Operating Income $43,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,426

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Apache Trail & Meridian Dr
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2021
  • Directions: Head east on E Apache Trail, South on S Grand Dr. Property will be on the left
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 3500.0
  • Subdivision Name: GRAND VIEW PLACE
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other, Refrigerator
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Other, RV/Access Parking, Add'l Parking Avail, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 7.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features Street Parking: Yes
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, Heat Pump
  • Heating: Central, Heat Pump, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 600.0

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 22029
  • Additional Parcels: No
  • Parcel #: 101-10-121

Multi Family

  • Owner Pays: See Remarks, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 1000.0
  • Annual Gross Income: 43700.0
  • Insurance Expense: 1318.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 43700.0
  • Annual Operating Expense: 56724.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1426.0
  • Tax Book Number: 101.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Apr 5, 2022
Sold by
Cash Now Homes Llc
Bought by
Vore Rodney
Seller's Agent
Ruby Threlkel
DeLex Realty
Buyer's Agent
Christopher Paul
Realty ONE Group
List Price
$615,000
Sold Price
$615,000
Current Estimated Value
$605,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,846
Avg. Annual Appreciation
-0.49%
Original Mortgage
$300,000
Outstanding Balance
$284,347
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$320,807

Purchase Details

Listed on
Nov 10, 2020
Closed on
Apr 14, 2021
Sold by
Storey Brian and Storey Elise
Bought by
Cash Now Homes Llc
Seller's Agent
Dallin Wright
Venture REI, LLC
Buyer's Agent
Alberto Ceja Santiago
DeLex Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.81%
Original Mortgage
$420,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2020
Closed on
Mar 25, 2021
Sold by
Lane Martin
Bought by
Cash Now Homes Llc
Seller's Agent
Dallin Wright
Venture REI, LLC
Buyer's Agent
Alberto Ceja Santiago
DeLex Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2020
Closed on
Mar 11, 2021
Sold by
Lane Martin J
Bought by
Storey Brian and Storey Elise
Seller's Agent
Dallin Wright
Venture REI, LLC
Buyer's Agent
Alberto Ceja Santiago
DeLex Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2005
Sold by
Turner Patrick A and Turner Toni L
Bought by
Lane Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2001
Sold by
Turner Patrick A
Bought by
Turner Patrick A and Turner Toni L

Purchase Details

Closed on
Aug 9, 2001
Sold by
Turner Toni L
Bought by
Turner Patrick A

Purchase Details

Closed on
Apr 2, 1999
Sold by
Rundquist Marie
Bought by
Kos Donald P

Purchase Details

Closed on
Mar 10, 1999
Sold by
Kos Bonnie H
Bought by
Kos Donald P
Source: Public Records

Range of Values:

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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
Vore Rodney $615,000 Roc Title
Cash Now Homes Llc -- Great American Title
Cash Now Homes Llc $400,000 Great American Ttl Agcy Inc
Storey Brian -- Great American Title
Lane Martin $240,000 --
Turner Patrick A -- --
Turner Patrick A -- Fidelity National Title Agen
Turner Patrick A $118,000 Fidelity National Title Agen
Kos Donald P $87,000 Ati Title Agency
Kos Donald P -- Ati Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vore Rodney $300,000
Previous Owner Cash Now Homes Llc $420,000
Previous Owner Lane Martin J $220,000
Previous Owner Lane Martin $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $615,000 0.0% $392 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $615,000 +53.8% $392 / Sq Ft
04/15/2021 04/15/21 Sold $400,000 0.0% $255 / Sq Ft
03/31/2021 03/31/21 For Sale $400,000 0.0% $255 / Sq Ft
02/25/2021 02/25/21 Price Changed $400,000 +3.9% $255 / Sq Ft
11/02/2020 11/02/20 For Sale $385,000 -- $245 / 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 $1,483 $28,618 -- --
2024 $1,460 $28,572 -- --
2023 $1,460 $20,514 $3,300 $17,214
2022 $1,400 $15,137 $3,300 $11,837
2021 $1,426 $12,535 $0 $0
2020 $1,389 $10,967 $0 $0
2019 $1,333 $10,650 $0 $0
2018 $1,305 $9,913 $0 $0
2017 $1,271 $9,096 $0 $0
2016 $1,240 $8,826 $2,530 $6,296
2014 $1,174 $6,867 $2,530 $4,337
Source: Public Records

Agents Affiliated with this Home

  • Ruby Threlkel

    Seller's Agent in 2022

    Ruby Threlkel

    DeLex Realty

    (480) 478-0091

    4 in this area

    51 Total Sales

    Ruby Threlkel
    Section Image
  • Christopher Paul

    Buyer's Agent in 2022

    Christopher Paul

    Realty One Group

    (602) 559-8073

    1 in this area

    71 Total Sales

    Christopher Paul
    Section Image

  • C

    Buyer Co-Listing Agent in 2022

    Connor Paul

    Realty One Group

    (602) 323-6205

    1 in this area

    66 Total Sales

    Connor Paul
    Section Image

  • D

    Seller's Agent in 2021

    Dallin Wright

    Venture REI, LLC

  • Alberto Ceja Santiago

    Buyer's Agent in 2021

    Alberto Ceja Santiago

    DeLex Realty

    (623) 313-8534

    1 in this area

    32 Total Sales

    Alberto Ceja Santiago
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6349633

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-10-121

Arizona Pinal County Apache Junction 85120

225 S Grand Dr, Apache Junction, AZ

This home is located at 225 S Grand Dr, Apache Junction, AZ 85120 since 03 February 2022 and is currently estimated at $605,154, approximately $385 per square foot. This property was built in 1954. 225 S Grand Dr is a home located in Pinal County with nearby schools including Four Peaks 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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