NOT LISTED FOR SALE

2524 S Yavapai Rd Apache Junction, AZ 85119

Estimated Value: $496,305 - $691,000

-- Bed
-- Bath
3,360 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $298,000 $89 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,217/month

14 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available

About This Home

As of July 2019

Each of these well maintained units has a private blocked in yard, storage unit, vaulted kitchens with skylights, and all with washer/dryer hookups and standard appliances. The property is individually metered for electric and water so there are no worries about high water bills from running toilets or tenant overuse. All two bedroom units that are fully rented at $650, $550, $567, $615.

Last Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 06/11/2019

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,342

Year Built

  • Built in 1981

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, water, cable TV
  • The owner pays for trash collection
  • Tax Lot 1719
  • Assessor Parcel Number 102-27-218

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $8,466
  • Gross Income $27,155
  • Net Operating Income $20,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,342

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: I-60 and Tomahawk
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2018
  • Directions: Southern & Tomahawk, south to 25th Ave, W on 25th ave until it curves around to Yavapai to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2172.0
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1152.0

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-27-218

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27154.8
  • Insurance Expense: 800.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 20145.0
  • Annual Operating Expense: 8466.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1342.0
  • Tax Book Number: 102.00
  • Tax Lot: 1719

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Aug 1, 2019
Sold by
Arriola Hansen April and Arriola Rigoberto
Bought by
Friendship Manor Homecare Llc
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
April Arriola-Hansen
HomeSmart
List Price
$305,000
Sold Price
$298,000
Premium/Discount to List
-$7,000
-2.3%
Total Days on Market
14
Current Estimated Value
$557,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,326
Avg. Annual Appreciation
11.38%
Original Mortgage
$219,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2019
Closed on
Jun 27, 2019
Sold by
Klondike & Associates Llc
Bought by
Arriola Hansen April and Arriola Rigoberto
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
April Arriola-Hansen
HomeSmart
List Price
$305,000
Sold Price
$298,000
Premium/Discount to List
-$7,000
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2006
Sold by
Klobucher Bruce
Bought by
Klondike & Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2004
Sold by
Klobucher Bruce
Bought by
Klondike & Associates Llc

Purchase Details

Closed on
Feb 9, 2004
Sold by
Nichols Verna
Bought by
Klobucher Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,800
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 29, 2003
Sold by
Klobucher Teri
Bought by
Klobucher Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,800
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Range of Values:

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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
Friendship Manor Homecare Llc -- None Available
Arriola Hansen April $292,000 First Arizona Title Agency
Klondike & Associates Llc -- Capital Title Agency Inc
Klobucher Bruce -- Capital Title Agency Inc
Klobucher Bruce -- Celtic Title Agency Inc
Klondike & Associates Llc -- --
Klobucher Bruce $193,500 Capital Title Agency Inc
Klobucher Bruce -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arriola Hansen April $219,000
Previous Owner Klobucher Bruce $213,000
Previous Owner Klobucher Bruce $154,800
Closed Klobucher Bruce $19,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $298,000 -2.3% $89 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $305,000 -- $91 / 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 $1,525 $20,679 -- --
2024 $1,501 $20,678 -- --
2023 $1,501 $13,874 $2,969 $10,905
2022 $1,439 $21,008 $2,969 $18,039
2021 $1,466 $19,838 $0 $0
2020 $1,428 $15,900 $0 $0
2019 $1,370 $15,181 $0 $0
2018 $1,342 $9,580 $0 $0
2017 $1,307 $9,286 $0 $0
2016 $1,275 $8,905 $1,100 $7,805
2014 $1,207 $7,061 $1,100 $5,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5938238

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-218