NOT LISTED FOR SALE

2557 S Yavapai Rd Apache Junction, AZ 85119

Estimated Value: $584,000 - $647,000

-- Bed
-- Bath
1,792 Sq Ft
$345/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $400,000 $223 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,488/month

27 Days on Market

Highlights

  • RV or Boat Parking
  • Cooling Available
  • Heating Available
  • 6 Car Attached Garage
  • Ceramic Tile Flooring

About This Home

As of May 2022

DUPLEX! Great investment opportunity in the East Valley! Large 2 bed/1bath units approx 992sf. One unit is owner occupied and has a carport. The second unit has a 1-car garage. The tenant is paying below market rent. Apartments have fenced backyards. Plenty of parking for additional vehicles including a boat/RV.

Last Listed By

Scott Bartlowe

Better Homes & Gardens Real Estate SJ Fowler License #BR573483000 Listed on: 02/27/2022

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $999

Year Built

  • Built in 1980

Lot Details

  • 9,670

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Car Attached Garage
  • 4 Open Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Free Parking
  • RV or Boat Parking

Schools

  • Desert Vista Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • The owner pays for electricity, trash collection, water
  • Tax Lot 1708
  • Assessor Parcel Number 102-27-207

Community Details

Overview

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

Building Details

  • Operating Expense $999
  • Gross Income $8,400
  • Net Operating Income $8,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$999

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: [Tomahawk & US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2021
  • Directions: Proceed north from US 60 on Tomahawk to 26th Ave. Proceed west 1 block to Yavapaii Rd. Property on the north east corner ofTavapai and 26th Ave.osevelt.
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Siding, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Free, RV/Access Parking, Attached, >1 Space Per Unit, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Desert Vista Elementary School
  • 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: IRR
  • Additional Parcels: No
  • Parcel #: 102-27-207

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water
  • Number Of Units Total: 2
  • Annual Gross Income: 8400.0
  • Property Net Operating Income: 8400.0
  • Annual Operating Expense: 999.0

Tax Info

  • Tax Annual Amount: 999.0
  • Tax Book Number: 102.00
  • Tax Lot: 1708

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2019
Sold by
Rc Chi Llc
Bought by
Smith Jeffrey R and Smith Christie
Total Days on Market
27
Current Estimated Value
$618,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,468
Outstanding Balance
$170,565
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$447,813

Purchase Details

Closed on
Feb 1, 2006
Sold by
Sher Randi L
Bought by
Rcchi Llc

Purchase Details

Closed on
Nov 8, 2005
Sold by
Tischer Mark R and Tischer Audrey Gaye
Bought by
Sher Randi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,600
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 1996
Sold by
Ford Evelyn M
Bought by
Tischer Mark R and Tischer Audrey Gaye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.39%
Mortgage Type
New Conventional

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
Smith Jeffrey R $195,000 Clear Title
Rcchi Llc -- None Available
Sher Randi L $224,500 Transnation Title Ins Co
Tischer Mark R $65,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jeffrey R $191,468
Previous Owner Sher Randi L $179,600
Previous Owner Tischer Mark R $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $400,000 0.0% $223 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $400,000 -90.0% $223 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/27/2022 02/27/22 For Sale $4,000,000 -- $2,232 / 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 $724 $19,799 -- --
2024 $1,105 $19,455 -- --
2023 $713 $11,260 $2,903 $8,357
2022 $1,105 $9,688 $2,903 $6,785
2021 $999 $9,441 $0 $0
2020 $974 $9,491 $0 $0
2019 $1,052 $9,127 $0 $0
2018 $1,031 $6,589 $0 $0
2017 $1,026 $6,420 $0 $0
2016 $1,010 $6,168 $1,100 $5,068
2014 $988 $5,778 $1,100 $4,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6361386

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-207