Seller's Agent in 2022
Ruby Threlkel
DeLex Realty
(480) 478-0091
5 in this area
51 Total Sales
225 S Grand Dr Apache Junction, AZ 85120
--
Bed
--
Bath
1,570
Sq Ft
0.51
Acres
Highlights
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
- Window Unit Heating System
About This Home
As of April 2022Welcome to Grand View Apartments located in Apache Junction, with nice mountain views. This property features one studio currently collecting $575 and pro-forma $650. One bedroom one bathroom currently vacant and separate electric meter pro-forma $850. Two bedroom one bath unit currently vacant proforma $1,100 also separately metered for electric. Three bedroom one bath unit is currently at $975 pro-forma $1200-1400. Buildings are set up for central AC, but are currently using wall units. Rents are below market with room to increase and one unit is on a short term lease fully furnished. Tile floors throughout with new paint and other capital improvements made on the recently leased units. Current rents about a 5.78% cap and proforma cap is 6.24% once units are rents raised. Do not disturb tenants. Drive by only. All facts and figures are approximate buyer verify MLS information.
Last Agent to Sell the Property
Dallin Wright
Venture REI, LLC License #SA688547000 Listed on: 11/10/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,389
Year Built
- Built in 1954
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Siding
Flooring
- Concrete
- Ceramic Tile
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- On-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Window Unit Heating System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- 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 100x220
- Grand View Place Subdivision
Building Details
- Operating Expense $16,264
- Gross Income $39,900
- Net Operating Income $23,636
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
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
$283,903
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$321,251
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
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $615,000 | Roc Title | |
| Warranty Deed | -- | Great American Title | |
| Warranty Deed | $400,000 | Great American Ttl Agcy Inc | |
| Quit Claim Deed | -- | Great American Title | |
| Warranty Deed | $240,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title Agen | |
| Warranty Deed | $118,000 | Fidelity National Title Agen | |
| Cash Sale Deed | $87,000 | Ati Title Agency | |
| Interfamily Deed Transfer | -- | Ati Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $420,000 | Commercial | |
| Previous Owner | $220,000 | Commercial | |
| Previous Owner | $216,000 | Commercial |
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
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
-
Christopher Paul
Buyer's Agent in 2022
Christopher Paul
Realty One Group
(602) 559-8073
1 in this area
71 Total Sales
-
Connor Paul
C
Buyer Co-Listing Agent in 2022
Connor Paul
Realty One Group
(602) 323-6205
1 in this area
66 Total Sales
-
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
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6158352
APN: 101-10-121
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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