$146,000
SOLD APR 27, 2016

408 E Montebello Ave Apache Junction, AZ 85119

-- Bed
-- Bath
1,498 Sq Ft
1999 Built

Recently Sold

$97 Per Sq Ft

12% Below List Price

156 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available

About This Home

As of January 2021

Apache Junction Duplex With Fenced Back Yards; Well Maintained; Good Curb Appeal; Great Location; Corner Lot Located In Residential Neighborhood Surrounded By Multiple Dwellings & Single Family Homes; Great Investment Property Near 60 Freeway, Banner Goldfield Medical Center; Close to Central Arizona College Superstition Mountain Campus; Both Units Are Tenant Occupied. TENANTS RIGHTS

Last Agent to Sell the Property

Karen Simms

Century 21 Arizona Foothills License #SA579060000 Listed on: 11/03/2015

Century 21 Arizona Foothills

Last Buyer's Agent

Karen Simms

Century 21 Arizona Foothills License #SA579060000 Listed on: 11/03/2015

Century 21 Arizona Foothills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,536

Year Built

  • Built in 1999

Home Design

  • Composition Roof

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Desert Vista Elementary School
  • Desert Ridge Jr. High Middle School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1417
  • Assessor Parcel Number 102-25-018

Community Details

Overview

  • 2 Units
  • Building Dimensions are unknown
  • Palm Springs Unit 14 Subdivision

Building Details

  • Operating Expense $4,329
  • Net Operating Income $10,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,536

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Cross Street: Southern & Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: DUPLEX
  • Number Of Buildings: 1
  • Year Built: 1999
  • Tax Year: 2015
  • Directions: US 60 E., Exit Idaho, North to Southern, East on Southern to North on Winchester to Montebello. Property on Northeast Corner
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 14
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Community Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1554.0

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Middle Or Junior School: Desert Ridge Jr. High

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 102-25-018

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 300.0
  • Property Net Operating Income: 10346.93
  • Annual Operating Expense: 4329.26

Tax Info

  • Tax Annual Amount: 1536.26
  • Tax Book Number: 102.00
  • Tax Lot: 1417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Jan 4, 2021
Sold by
Pandola Happy Homes Llc
Bought by
Monaco John V and Wang Ruizhe
Seller's Agent
Mike Schude
Instasold
Buyer's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Current Estimated Value
$355,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,949
Avg. Annual Appreciation
7.48%
Original Mortgage
$187,500
Outstanding Balance
$169,249
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$184,336

Purchase Details

Closed on
Feb 12, 2020
Sold by
Financial Trust Company
Bought by
Pandola Happy Homes Llc

Purchase Details

Closed on
Feb 6, 2020
Sold by
Ira Financial Trust Company
Bought by
Ira Financial Trust Company

Purchase Details

Listed on
Nov 3, 2015
Closed on
Apr 18, 2016
Sold by
Seymour John R and Seymour Sharon B
Bought by
Pandola Ultimate Homes Llc
Seller's Agent
Karen Simms
Century 21 Arizona Foothills
Buyer's Agent
Karen Simms
Century 21 Arizona Foothills
List Price
$165,900
Sold Price
$146,000
Premium/Discount to List
-$19,900
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%

Purchase Details

Closed on
Jul 9, 2004
Sold by
Braemer Jeff and Braemer Irwin J
Bought by
Seymour John R and Seymour Sharon B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,320
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 22, 2003
Sold by
Lomayesva Michael F and Lomayesva Laura L
Bought by
Braemer Jeff and Braemer Iwin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,625
Interest Rate
8.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2003
Sold by
Shaw David P
Bought by
Lomayesva Michael F and Lomayesva Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2000
Sold by
Shaw Laverne M
Bought by
Shaw Family Trust

Purchase Details

Closed on
Dec 22, 1997
Sold by
Beckmann Clive P
Bought by
Shaw Laverne M
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $250,000 Pioneer Title Agency Inc
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Warranty Deed $146,000 Great American Title Agency
Warranty Deed -- Fidelity National Title Agen
Warranty Deed $126,250 Chicago Title Insurance Co
Warranty Deed $110,000 Stewart Title & Trust
Interfamily Deed Transfer -- --
Cash Sale Deed $15,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $187,500 New Conventional
Previous Owner $107,250 New Conventional
Previous Owner $122,000 Unknown
Previous Owner $114,320 Credit Line Revolving
Previous Owner $113,625 New Conventional
Previous Owner $88,000 New Conventional
Closed $22,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $255,000 0.0% $170 / Sq Ft
12/16/2020 12/16/20 Price Changed $255,000 +2.0% $170 / Sq Ft
12/10/2020 12/10/20 For Sale $250,000 +71.2% $167 / Sq Ft
04/27/2016 04/27/16 Sold $146,000 -12.0% $97 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
11/03/2015 11/03/15 For Sale $165,900 -- $111 / 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 $1,918 $31,228 -- --
2024 $1,811 $31,512 -- --
2023 $1,888 $21,217 $4,942 $16,275
2022 $1,811 $16,723 $4,942 $11,781
2021 $1,844 $16,263 $0 $0
2020 $1,797 $14,419 $0 $0
2019 $1,724 $14,116 $0 $0
2018 $1,689 $10,977 $0 $0
2017 $1,644 $10,954 $0 $0
2016 $1,603 $10,712 $1,100 $9,612
2014 $1,355 $8,882 $1,100 $7,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5357335

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-25-018