NOT LISTED FOR SALE

405 N Palo Verde Dr Apache Junction, AZ 85120

Estimated Value: $254,100 - $365,000

-- Bed
2 Baths
1,220 Sq Ft
$256/Sq Ft Est. Value

Last Sold August 10, 2012

Last sale price $97,500 $80 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $1,816/month

5 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of August 2012

Well maintained duplex with history of long term tenants. Both units rented. Tenants pay all utilities. Drive by only, do not disturb tenants. All offers considered. Facts and figures are approximate and to be verified by buyer to their satisfaction prior to close of escrow.

Last Agent to Sell the Property

Susan Bascom

Home & Away Realty License #SA642051000 Listed on: 07/20/2012

Last Buyer's Agent

Morten Pedersen

Lori Blank & Associates, LLC License #BR635605000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,216

Year Built

  • Built in 1983

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 101-02-039-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $4,133
  • Gross Income $11,970
  • Net Operating Income $9,023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,216

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Apache Trail and Ironwood
  • Property Type: Multiple Dwellings
  • Zoning: CR-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2011
  • Directions: Hwy 60 to Ironwood, N. to Apache Trail, W. to Palo Verde, N. to property on Right.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • 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, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 101-02-039-B

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 11970.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 9023.0
  • Annual Operating Expense: 4133.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1216.0
  • Tax Book Number: 101.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2012
Closed on
Aug 1, 2012
Sold by
Roe Jay and Roe Sharon
Bought by
Turner Christopher J and Turner Kathrin
Seller's Agent
Susan Bascom
Home & Away Realty
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$105,900
Sold Price
$97,500
Premium/Discount to List
-$8,400
-7.93%
Current Estimated Value
$312,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,775
Avg. Annual Appreciation
9.69%

Purchase Details

Closed on
Aug 22, 2003
Sold by
Sullivan Laura Kittie
Bought by
Roe Jay and Roe Sharon
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
Turner Christopher J $100,000 Great American Title Agency
Roe Jay $120,000 First Amer Title Ins Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2012 08/10/12 Sold $97,500 -7.9% $80 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
07/20/2012 07/20/12 For Sale $105,900 -- $87 / 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 $1,100 $16,670 -- --
2024 $1,038 $16,389 -- --
2023 $1,083 $9,606 $0 $0
2022 $1,038 $8,303 $2,441 $5,862
2021 $1,057 $8,121 $0 $0
2020 $1,030 $8,187 $0 $0
2019 $988 $7,866 $0 $0
2018 $968 $6,190 $0 $0
2017 $1,004 $6,281 $0 $0
2016 $1,016 $6,206 $1,403 $4,803
2014 $982 $5,742 $1,403 $4,340
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Susan Bascom

    Home & Away Realty

    Section Image
  • Morten Pedersen

    Buyer's Agent in 2012

    Morten Pedersen

    Lori Blank & Associates, LLC

    (480) 289-9821

    1 Total Sale

    Morten Pedersen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4792601

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-02-039B

Arizona Pinal County Apache Junction 85120

405 N Palo Verde Dr, Apache Junction, AZ

This home is located at 405 N Palo Verde Dr, Apache Junction, AZ 85120 since 20 July 2012 and is currently estimated at $312,275, approximately $255 per square foot. This property was built in 1983. 405 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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