NOT LISTED FOR SALE

282 N Palo Verde Dr Apache Junction, AZ 85120

Estimated Value: $841,070

-- Bed
-- Bath
2,500 Sq Ft
$336/Sq Ft Est. Value

Last Sold August 09, 2023

Last sale price $840,000 $336 Per Sq Ft

Current estimated payment $4,804/month

138 Days on Market

Highlights

  • RV or Boat Parking
  • Evaporated cooling system
  • Ceiling Fan
  • 9 Car Attached Garage
  • Ceramic Tile Flooring
  • Floor Furnace

About This Home

As of August 2023

**Seller Financing available** Beautifully maintained 5-plex property located in Apache Junction on a 1/2 acre lot. 2 out of the 5 units are fully remodeled, Remodeled units are B and C. They have new mini splits, New Interior paint, New fans, remodeled bathrooms, with new tubs and plumbing. Lot has lots of parking and room for growth. Unit A is a 1/1 house. Unit B and Unit C are a duplex both remodeled, Unit B has a garage and unit C has a carport space. Both have private fenced back yard. Duplex D and E are located in the front of the property both have carport space parking and large fenced backyards. Don't let this incredible opportunity slip by! Each unit has their own electric meter. Owner pays the water and trash. Photos taken in Feb 2023, all units occupied.

Last Listed By

Ruby Threlkel

DeLex Realty License #SA676228000 Listed on: 02/23/2023

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,624

Year Built

  • Built in 1950

Lot Details

  • 0.62

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 9 Car Attached Garage
  • 5 Open Parking Spaces
  • Carport
  • Free Parking
  • On-Street Parking
  • RV or Boat Parking

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Window Unit Heating System
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water
  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 101-02-005

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 27,019
  • Amd Plat Of Newtown Subdivision

Building Details

  • Operating Expense $3,384
  • Gross Income $64,934
  • Net Operating Income $62,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,624

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: W Apache Trail and Ironwood Dr.
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2021
  • Directions: Head E on West Apache Trail, Left on Palo Verde Dr. Property is on the left hand side.
  • Road Surface Type: Asphalt
  • Subdivision Name: AMD PLAT OF NEWTOWN
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, RV/Access Parking, Add'l Parking Avail, Attached, <1 Space Per Unit, On Street, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 9.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Evaporative Cooling, Window/Wall Unit
  • Heating: See Remarks, Window/Wall Unit(s), Electric, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 720.0
  • Trash Expense: 440.0
  • 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: 27,019
  • Additional Parcels: No
  • Parcel #: 101-02-005

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 5
  • Annual Gross Income: 64934.4
  • Property Net Operating Income: 62290.0
  • Annual Operating Expense: 3384.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1624.0
  • Tax Block: 1
  • Tax Book Number: 101.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Ortega Holdings Llc
Bought by
Hermelinda Properties Llc
Total Days on Market
138
Current Estimated Value
$841,070

Purchase Details

Closed on
Nov 18, 2024
Sold by
Hermelinda Properties Llc
Bought by
Ortega Holdings Llc

Purchase Details

Closed on
Dec 2, 2022
Sold by
Cash Now Homes Llc
Bought by
A & G Holdings Llc

Purchase Details

Closed on
Dec 16, 2020
Sold by
Dawson James and Dawson Tina
Bought by
Cash Now Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,638
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 1998
Sold by
Simister Katharine Graves Ambrus
Bought by
Dawson James and Dawson Tina

Purchase Details

Closed on
Aug 12, 1980
Sold by
Light Gene U and Light Charlotte F
Bought by
Twitchell Jack B and Twitchell Sherry A

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
Hermelinda Properties Llc -- None Listed On Document
Hermelinda Properties Llc -- None Listed On Document
Ortega Holdings Llc -- None Listed On Document
A & G Holdings Llc -- --
Cash Now Homes Llc $290,000 Empire West Title Agency Llc
Dawson James $80,000 Transnation Title Ins Co
Simister Katharine Graves Ambrus -- Transnation Title Ins Co
Twitchell Jack B -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cash Now Homes Llc $400,700
Previous Owner Cash Now Homes Llc $319,638
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2023 08/09/23 Sold $840,000 -4.0% $336 / Sq Ft
06/01/2023 06/01/23 Price Changed $875,000 -2.8% $350 / Sq Ft
05/24/2023 05/24/23 Price Changed $900,000 -5.3% $360 / Sq Ft
05/16/2023 05/16/23 Price Changed $950,000 -2.6% $380 / Sq Ft
04/03/2023 04/03/23 Price Changed $975,000 -2.5% $390 / Sq Ft
03/23/2023 03/23/23 Price Changed $999,999 +900.0% $400 / Sq Ft
02/23/2023 02/23/23 For Sale $100,000 -- $40 / 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 $1,689 $33,429 -- --
2024 $1,594 $32,894 -- --
2023 $1,663 $20,210 $0 $0
2022 $1,594 $16,896 $5,403 $11,493
2021 $1,624 $17,603 $0 $0
2020 $1,582 $14,640 $0 $0
2019 $1,518 $14,259 $0 $0
2018 $1,487 $11,712 $0 $0
2017 $1,448 $11,323 $0 $0
2016 $1,412 $10,889 $3,105 $7,784
2014 $1,337 $7,821 $3,105 $4,716
Source: Public Records

Agents Affiliated with this Home

  • Ruby Threlkel

    Seller's Agent in 2023

    Ruby Threlkel

    DeLex Realty

    (480) 478-0091

    4 in this area

    50 Total Sales

    Ruby Threlkel
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6524198

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-02-005

Arizona Pinal County Apache Junction 85120

282 N Palo Verde Dr, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 282 N Palo Verde Dr, Apache Junction, AZ 85120 since 23 February 2023 and is currently priced at $841,070, approximately $336 per square foot. This property was built in 1950. 282 N Palo Verde 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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