NOT LISTED FOR SALE

407 N Sunshine Blvd Eloy, AZ 85131

Estimated Value: $374,000 - $504,000

-- Bed
-- Bath
1,609 Sq Ft
$260/Sq Ft Est. Value

Last Sold January 10, 2020

Last sale price $245,000 $152 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,439/month

23 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Eloy Junior High School Rated 9+

About This Home

As of January 2020

Very nice block construction fourplex for sale. 100% occupied with 3 tenants that are month to month and 1 on a lease that ends February 2020. Each unit is 2 bedrooms, 1 bath with 800 sf of living space per unit. Lots of changes coming to the Southeast Valley such as- Nikola Hybrid Semi Truck Plant - The company is currently developing a research and development facility in the heart of Phoenix and plans to build a million-square-foot manufacturing facility on the southern tip of Coolidge which is 20 minutes from Eloy. This will create jobs that will reach into Eloy, Arizona City and Casa Grande. Not to mention Lucid Motors is coming to Casa Grande which will also create jobs with their Electric car plant. Don't let this one pass you by... great opportunity to own a very nice fourplex in a town that will be growing substantially with these new businesses coming to town.

Last Agent to Sell the Property

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 11/09/2019

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Last Buyer's Agent

Devin Snow

Snow Realty & Property Management License #BR570500000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,812

Year Built

  • Built in 2005

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Eloy Junior High School
  • Casa Grande Union High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • Legal Lot and Block 4 / 5
  • Assessor Parcel Number 411-05-023-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 159' x 75'
  • Eloy Subdivision

Building Details

  • Operating Expense $2,324
  • Gross Income $27,121
  • Net Operating Income $24,774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,812

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: HWY 84 (Frontier Street) and Sunshine Blvd
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2019
  • Directions: Interstate 10 East to Exit 208 (Sunshine Blvd) go left on Sunshine Blvd. Property is located on the right side.
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: ELOY
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • High School: Casa Grande Union High School
  • Junior High Dist: Casa Grande Union High School District
  • Middle Or Junior School: Eloy Junior High School

Lot Info

  • Lot Size: 159' x 75'
  • Additional Parcels: No
  • Parcel #: 411-05-023-C

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27120.6
  • Insurance Expense: 512.0
  • Property Net Operating Income: 24774.0
  • Annual Operating Expense: 2324.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1812.0
  • Tax Block: 5
  • Tax Book Number: 411.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2020
Sold by
Snow Dustin
Bought by
Sunshine Blvd Holdings Llc
Current Estimated Value
$418,670

Purchase Details

Listed on
Nov 9, 2019
Closed on
Dec 10, 2019
Sold by
Severson James B
Bought by
Snow Dustin and Snow Shari
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Devin Snow
Snow Realty & Property Management
List Price
$259,000
Sold Price
$245,000
Premium/Discount to List
-$14,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$172,560
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2015
Sold by
Severson Teresa
Bought by
Severson James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2015
Sold by
Az Realty Management Inc
Bought by
Rd Tech Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 11, 2012
Closed on
Aug 7, 2012
Sold by
U S Bank National Association
Bought by
Az Realty Management Inc
Seller's Agent
Kay Kerby and Sarah Campbell
ROX Real Estate
Buyer's Agent
Rick Aguirre
Canyon Rock Realty, LLC
List Price
$75,900
Sold Price
$61,600
Premium/Discount to List
-$14,300
-18.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%

Purchase Details

Closed on
Sep 2, 2011
Sold by
Hightower Raymond
Bought by
U S Bank National Association

Purchase Details

Closed on
Apr 2, 2004
Sold by
Bruga Leslie M
Bought by
Hightowes Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 26, 2004
Sold by
Bruga Leslie M
Bought by
Bruga Leslie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.86%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sunshine Blvd Holdings Llc -- None Available
Snow Dustin $259,000 Pioneer Title Agency Inc
Severson James B -- Fidelity Natl Title Agency
Severson James B -- Fidelity Natl Title Agency
Rd Tech Llc $60,000 Fidelity Natl Title Agency
Az Realty Management Inc $61,600 Security Title Agency
U S Bank National Association $47,900 Great American Title Agency
Hightowes Raymond $201,000 Fidelity National Title Agen
Bruga Leslie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Snow Dustin $172,560
Previous Owner Severson James B $60,000
Previous Owner Bruga Leslie $125,000
Previous Owner Hightowes Raymond $150,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $245,000 -5.4% $152 / Sq Ft
01/03/2020 01/03/20 For Sale $259,000 0.0% $161 / Sq Ft
11/09/2019 11/09/19 For Sale $259,000 0.0% $161 / Sq Ft
12/15/2012 12/15/12 Rented $500 0.0% --
12/10/2012 12/10/12 Under Contract -- -- --
10/05/2012 10/05/12 For Rent $500 0.0% --
08/16/2012 08/16/12 Sold $61,600 -18.8% $38 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $75,900 -- $47 / 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 $1,947 $32,137 -- --
2024 $1,928 $36,629 -- --
2023 $1,964 $26,270 $1,058 $25,212
2022 $1,928 $17,294 $470 $16,824
2021 $1,998 $14,870 $0 $0
2020 $1,902 $14,796 $0 $0
2019 $1,812 $12,308 $0 $0
2018 $1,812 $9,779 $0 $0
2017 $1,670 $8,515 $0 $0
2016 $1,804 $8,763 $470 $8,293
2014 -- $1,815 $471 $1,345
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6003014

Arizona Regional Multiple Listing Service (ARMLS)

APN: 411-05-023C