NOT LISTED FOR SALE

403 E Quail Ave Apache Junction, AZ 85119

Estimated Value: $528,000 - $642,667

-- Bed
-- Bath
3,233 Sq Ft
$180/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $550,000 $170 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,365/month

9 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System

About This Home

As of October 2021

Excellent location for this 4 plex with lots of upside potential. Current tenants have been longer term. Owner is moving on and is selling this unit they have owned for years. Property needs updates and some repairs. Owner will look at ALL offers and responds quickly. Rents are super low and could be raised especially after updating the unit. Do not disturb tenants. View/Inspect after an accepted offer. Great opportunity as a long term investment or as a fix/update and increase rental income and re-sell for a profit. All units are month to month right now. Property has been connected to the City Sewer System, no longer on septic.

Last Agent to Sell the Property

Bob Neuzil

Imperial Realty Services, LLC License #BR012285000 Listed on: 06/25/2021

Last Buyer's Agent

Jason Bingham

Distinguished Properties License #BR528229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1983

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Schools

  • Peralta Trail Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, landscaping
  • Tax Lot 1178
  • Assessor Parcel Number 102-06-079

Community Details

Overview

  • 4 Units
  • Building Dimensions are 91.97 x 109.28
  • Palm Springs Unit Eleven Subdivision

Building Details

  • Operating Expense $1,500
  • Gross Income $19,494
  • Net Operating Income $19,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,500

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: East of Idaho, North of Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi family
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: Southern east of Idaho to Winchester. North to Quail (1st right N of Southern) 4 plex is on the SE Corner of Winchester & Quail
  • Road Surface Type: Gravel, Asphalt, Dedicated Street, Alley
  • Subdivision Name: PALM SPRINGS UNIT ELEVEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Peralta Trail Elementary School
  • High School: Apache Junction High School
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 91.97 x 109.28
  • Additional Parcels: No
  • Parcel #: 102-06-079

Multi Family

  • Owner Pays: Trash Collection, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 19494.0
  • Property Net Operating Income: 19500.0
  • Annual Operating Expense: 1500.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1500.0
  • Tax Book Number: 102.00
  • Tax Lot: 1178

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2022
Sold by
Peters Andrew
Bought by
Ab Granite Properties Llc
Current Estimated Value
$582,167

Purchase Details

Listed on
Jun 25, 2021
Closed on
Oct 13, 2021
Sold by
Peters Brianna and Peters Andrew
Bought by
Peters Andrew
Seller's Agent
Bob Neuzil
Imperial Realty Services, LLC
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.72%
Original Mortgage
$401,250
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 25, 2021
Closed on
Oct 11, 2021
Sold by
Farrell Ann J
Bought by
Peters Andrew
Seller's Agent
Bob Neuzil
Imperial Realty Services, LLC
Buyer's Agent
Jason Bingham
Distinguished Properties
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2021
Sold by
Estate Of Norman Allyn Farrell
Bought by
Farrell Ann J

Purchase Details

Closed on
Aug 2, 2019
Sold by
Farrell Ann J
Bought by
Farrell Brooke A
Source: Public Records

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
Ab Granite Properties Llc -- --
Peters Andrew -- Clear Title Agency Of Az
Peters Andrew $550,000 Clear Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peters Andrew $401,250
Previous Owner Peters Andrew $412,500
Previous Owner Peters Andrew $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $550,000 +10.2% $170 / Sq Ft
10/01/2021 10/01/21 Price Changed $499,000 0.0% $154 / Sq Ft
08/01/2021 08/01/21 For Sale $499,000 0.0% $154 / Sq Ft
08/01/2021 08/01/21 Price Changed $499,000 0.0% $154 / Sq Ft
07/16/2021 07/16/21 For Sale $499,000 0.0% $154 / Sq Ft
07/16/2021 07/16/21 Price Changed $499,000 0.0% $154 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $499,000 -- $154 / 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 $1,602 $22,757 -- --
2024 $1,512 $23,089 -- --
2023 $1,577 $15,687 $4,943 $10,744
2022 $1,512 $21,889 $4,943 $16,946
2021 $1,540 $20,785 $0 $0
2020 $1,500 $17,066 $0 $0
2019 $1,439 $16,389 $0 $0
2018 $1,410 $9,013 $0 $0
2017 $1,464 $9,157 $0 $0
2016 $1,441 $9,144 $1,100 $8,044
2014 $1,386 $8,103 $1,100 $7,003
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bob Neuzil

    Imperial Realty Services, LLC

    (602) 541-9037

    3 in this area

    42 Total Sales

    Bob Neuzil
    Section Image
  • Jason Bingham

    Buyer's Agent in 2021

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    1 in this area

    27 Total Sales

    Jason Bingham
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6255671

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-06-079

Arizona Pinal County Apache Junction 85119

403 E Quail Ave, Apache Junction, AZ

This home is located at 403 E Quail Ave, Apache Junction, AZ 85119 since 25 June 2021 and is currently estimated at $582,167, approximately $180 per square foot. This property was built in 1983. 403 E Quail Ave is a home located in Pinal County with nearby schools including Peralta Trail 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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