NOT LISTED FOR SALE

414 E 10th Ave Apache Junction, AZ 85119

Estimated Value: $584,170

-- Bed
-- Bath
3,366 Sq Ft
$174/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $430,000 $128 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,436/month

26 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available

About This Home

As of December 2020

Nice 4-Plex! Each unit is a 2 Bedroom, 1 Bath w/840 sf. Washer dryer hookups, paved parking area in front and back. The parcel next door is for sale as well. There is a really nice courtyard for the tenants. You will notice the staircase meets in the middle of both buildings. Outside storage, kitchen appliances and each unit is individually metered for electricity. Tenants pay their own electricity and cable. Seller pays water, sewer and trash. Property next door is available as well. (Drive by only).

Last Listed By

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 09/17/2020

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,230

Year Built

  • Built in 2003

Lot Details

  • 7,492

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Superstition Mountain Elementary School
  • Apache Junction High Middle School
  • Apache Junction High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water
  • Tax Lot 62
  • Assessor Parcel Number 102-23-061-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 49.95 x 150.56 x 49.95 x 150.55
  • Palm Springs Unit Five Subdivision

Building Details

  • Operating Expense $2,230
  • Gross Income $37,392
  • Net Operating Income $29,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,230

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Southern & Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2020
  • Directions: Take US-60 E towards Globe, Take the AZ-88/Idaho Rd exit and take a left, turn right onto E 16th Ave, left onto S Winchester Rd, right onto E 10th Ave and property is on the left.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: PALM SPRINGS UNIT FIVE
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, >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:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • 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

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

Schools

  • Elementary School: Superstition Mountain Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Apache Junction High School

Lot Info

  • Lot Size: 49.95 x 150.56 x 49.95 x 150.55
  • Additional Parcels: No
  • Parcel #: 102-23-061-B

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 37392.0
  • Property Net Operating Income: 29820.0
  • Annual Operating Expense: 2230.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2230.0
  • Tax Book Number: 102.00
  • Tax Lot: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 15, 2020
Sold by
Molokoch Ladislav
Bought by
Romero Blas
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Vlad Voitovski
West USA Realty
List Price
$445,000
Sold Price
$430,000
Premium/Discount to List
-$15,000
-3.37%
Total Days on Market
26
Current Estimated Value
$584,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,170
Avg. Annual Appreciation
7.23%
Original Mortgage
$300,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2005
Sold by
Calypso Investments Llc
Bought by
Molokach Ladislav

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2005
Sold by
Vargas Lilianna
Bought by
Molokach Ladislav

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Fortress Inc
Bought by
Mccormick Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,600
Interest Rate
5.98%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 19, 2003
Sold by
Fortress Framing Inc
Bought by
Fortress Framing Inc

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
Romero Blas $430,000 Magnus Title Agency
Molokach Ladislav $310,000 Transnation Title
Molokach Ladislav -- Transnation Title
Mccormick Tim $222,900 Capital Title Agency Inc
Fortress Framing Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romero Blas $300,000
Previous Owner Romero Blas $322,500
Previous Owner Molokach Ladislav $214,000
Previous Owner Mccormick Tim $44,600
Previous Owner Mccormick Tim $178,300
Closed Mccormick Tim $44,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $430,000 -3.4% $128 / Sq Ft
11/26/2020 11/26/20 For Sale $445,000 0.0% $132 / Sq Ft
11/26/2020 11/26/20 Price Changed $445,000 0.0% $132 / Sq Ft
09/17/2020 09/17/20 For Sale $445,000 -- $132 / 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 $2,381 $35,934 -- --
2024 $2,247 $36,283 -- --
2023 $2,344 $27,079 $3,750 $23,329
2022 $2,247 $24,902 $3,750 $21,152
2021 $2,289 $24,771 $0 $0
2020 $2,230 $22,062 $0 $0
2019 $2,139 $21,444 $0 $0
2018 $2,096 $18,977 $0 $0
2017 $2,040 $18,669 $0 $0
2016 $1,990 $18,302 $1,100 $17,202
2014 -- $11,023 $1,100 $9,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6133693

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-23-061B