NOT LISTED FOR SALE

415 E Montebello Ave Apache Junction, AZ 85119

Estimated Value: $494,695 - $574,000

-- Bed
-- Bath
3,700 Sq Ft
$148/Sq Ft Est. Value

Last Sold February 06, 2015

Last sale price $222,900 $60 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,337/month

55 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Individual Controls for Heating
  • Ceiling Fan

About This Home

As of February 2015

Four 925 Sq ft 2 bedroom, 1 Bath units all with Leases, Great cap rate at 9%, Great investment property, Build in 2002, Parking available, Desert landscaping for Low Maintenance, W/D hook-up in each unit, like new roof, Tenants pay electricity and TV. Please do not disturb tenants, Drive by only. Great Mountain Views. Great investment property with very low maintenance cost. Fully leased.

Last Agent to Sell the Property

Elaine Sans Souci

Keller Williams Realty East Valley License #SA027172000 Listed on: 11/20/2014

Keller Williams Realty East Valley

Co-Listed By

Leonard Saavedra

Keller Williams Realty East Valley License #SA639257000

Last Buyer's Agent

Gail Davis

ProSmart Realty License #BR005188000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,915

Year Built

  • Built in 2002

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Four Peaks Elementary School - Apache Junction
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1450
  • Assessor Parcel Number 102-25-051

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Palm Springs Subdivision

Building Details

  • Operating Expense $7,815
  • Gross Income $28,500
  • Net Operating Income $20,263

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,915

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: IDAHO / SOUTHERN
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: MULT
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2002
  • Tax Year: 2013
  • Directions: From 60 exit Idaho, north on Idaho, east on Southern, north on Winchester, Property on the southeast corner of Winchester and Montebello
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwev01
  • Co List Office Phone: 480-839-6600
  • Subdivision Name: Palm Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: 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: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 423.0
  • Annual Water Sewer Expense: 3314.0

Schools

  • Elementary School: Four Peaks Elementary School - Apache Junction
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-25-051

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28500.0
  • Insurance Expense: 909.0
  • Maintenance Expense: 254.0
  • Property Net Operating Income: 20263.0
  • Annual Operating Expense: 7815.0

Tax Info

  • Tax Annual Amount: 2915.0
  • Tax Book Number: 102.00
  • Tax Lot: 1450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2014
Closed on
Jan 20, 2015
Sold by
Kasier Arthur G and Kasier Diane M
Bought by
J A Z Investment Company Llc
Seller's Agent
Elaine Sans Souci
Keller Williams Realty East Valley
Buyer's Agent
Gail Davis
ProSmart Realty
List Price
$225,000
Sold Price
$222,900
Premium/Discount to List
-$2,100
-0.93%
Total Days on Market
55
Current Estimated Value
$547,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,524
Avg. Annual Appreciation
8.85%

Purchase Details

Closed on
Feb 16, 2010
Sold by
Kaiser Arthur G and Kaiser Diane M
Bought by
Adair Michael J and Adair Karen A

Purchase Details

Closed on
Feb 8, 2010
Sold by
Daley Denis F and Daley Patti J
Bought by
Kaiser Arthur G and Kaiser Diane M

Purchase Details

Closed on
Aug 15, 2008
Sold by
Daley Denis F and Daley Pat J
Bought by
Daley Denis F and Daley Patti J

Purchase Details

Closed on
Sep 21, 2006
Sold by
4 T Properties Llc
Bought by
Daley Denis F and Daley Pat J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2006
Sold by
Torres Diego and Torres Jeanne
Bought by
4 T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2006
Sold by
Perez Ismael and Perez Alma Patricia
Bought by
Torres Diego and Torres Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2004
Sold by
Monge Rebecca and Monge David
Bought by
Torres Diego and Torres Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Corriveau Norman H
Bought by
Monge Rebecca Allen and Monge David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2000
Sold by
Corriveau Norman H
Bought by
Norman H Corriveau Living Trust
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
J A Z Investment Company Llc $222,900 Security Title Agency
Kasier Arthur G -- Security Title Agency
Adair Michael J $500 None Available
Kaiser Arthur G $142,500 First American Title Ins Co
Daley Denis F -- None Available
Daley Denis F $405,000 Stewart Title & Trust Of Pho
4 T Properties Llc -- Stewart Title & Trust Of Pho
Torres Diego -- Stewart Title & Trust Of Pho
Torres Diego $265,000 Arizona Title Agency Inc
Monge Rebecca Allen $236,000 Lawyers Title Of Arizona Inc
Norman H Corriveau Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daley Denis F $324,000
Previous Owner Torres Diego $238,500
Previous Owner Monge Rebecca Allen $177,000
Previous Owner Monge David $177,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2015 02/06/15 Sold $222,900 -0.9% $60 / Sq Ft
01/14/2015 01/14/15 Pending -- -- --
11/20/2014 11/20/14 For Sale $225,000 -- $61 / 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 $3,589 $40,029 -- --
2024 $3,387 $40,784 -- --
2023 $3,533 $29,830 $0 $0
2022 $3,387 $27,512 $4,944 $22,568
2021 $3,450 $27,389 $0 $0
2020 $3,361 $24,367 $0 $0
2019 $3,224 $23,416 $0 $0
2018 $3,159 $20,366 $0 $0
2017 $3,075 $20,040 $0 $0
2016 $3,000 $19,403 $1,100 $18,303
2014 $2,956 $17,288 $1,100 $16,188
Source: Public Records

Agents Affiliated with this Home

  • Elaine Sans Souci

    Seller's Agent in 2015

    Elaine Sans Souci

    Keller Williams Realty East Valley

    (480) 215-7134

    1 in this area

    100 Total Sales

    Elaine Sans Souci
    Section Image
  • Leonard Saavedra

    Seller Co-Listing Agent in 2015

    Leonard Saavedra

    Keller Williams Realty East Valley

    (480) 239-7191

    1 in this area

    82 Total Sales

    Leonard Saavedra
    Section Image
  • Gail Davis

    Buyer's Agent in 2015

    Gail Davis

    ProSmart Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5202479

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-25-051

Arizona Pinal County Apache Junction 85119

415 E Montebello Ave, Apache Junction, AZ

This home is located at 415 E Montebello Ave, Apache Junction, AZ 85119 since 20 November 2014 and is currently estimated at $547,424, approximately $147 per square foot. This property was built in 2002. 415 E Montebello 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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