NOT LISTED FOR SALE

422 E Linda Ave Apache Junction, AZ 85119

Estimated Value: $512,000 - $536,440

Studio
-- Bath
3,276 Sq Ft
$159/Sq Ft Est. Value

Last Sold January 18, 2019

Last sale price $313,000 $96 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,939/month

8 Days on Market

About This Home

As of January 2019

Great newer built 2003 4-plex . This building was painted last year . A large corner lot with desert landscape for easy maintenance. The units are 820Sqft 2 bed 1 bath. These units feature a large living room ,Kitchen's with ample counter space.and dinning area. For the tenant's convenience there is a washer dryer hook up in each apartment. Owner replaced 1 AC unit 11/20/2018 One unit was replaced 3/1/2017. Rents are Unit1,$638.75 Unit2 $664.30 Unit 3 $700.07 Unit 4 572.32.
Unit 4 is MTM tenant for the FHA buyers. All pertinent information to be confirmed by buyer or buyers agent to their satisfactions. Drive by only do not disturb tenants.

Last Agent to Sell the Property

Robert Towne

Better Homes & Gardens Real Estate SJ Fowler License #SA528694000 Listed on: 11/26/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Austin Foley

West USA Realty License #SA660876000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,537

Year Built

  • Built in 2003

Lot Details

  • 9,888

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 1045
  • Assessor Parcel Number 102-26-046

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100 X 90
  • Palm Springs Unit Ten Subdivision

Building Details

  • Operating Expense $12,852
  • Gross Income $29,635
  • Net Operating Income $19,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,537

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: IDAHO & SOUTHERN
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 2003
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2500.0
  • Subdivision Name: PALM SPRINGS UNIT TEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1900.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 100 X 90
  • Additional Parcels: No
  • Parcel #: 102-26-046

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 200.0
  • Annual Gross Income: 29635.2
  • Insurance Expense: 715.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 19463.0
  • Annual Operating Expense: 12852.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 2537.0
  • Tax Book Number: 102.00
  • Tax Lot: 1045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Jan 4, 2019
Sold by
Lopez Tom and Ortega Maria A
Bought by
Mercedes Investment Co Llc
Seller's Agent
Robert Towne
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Austin Foley
West USA Realty
List Price
$319,900
Sold Price
$313,000
Premium/Discount to List
-$6,900
-2.16%
Current Estimated Value
$521,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,360
Avg. Annual Appreciation
7.54%

Purchase Details

Closed on
May 12, 2005
Sold by
Brooks Robert E and Brooks Angela G
Bought by
Lopez Tom and Ortega Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2004
Sold by
Fife Peter J
Bought by
Brooks Robert E and Brooks Angela G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2001
Sold by
Fife Leann
Bought by
Fife Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.09%

Purchase Details

Closed on
Aug 7, 2000
Sold by
Fife Leann
Bought by
Fife Peter J

Purchase Details

Closed on
Jul 20, 1999
Sold by
Cota Jorge C
Bought by
Lavender Brian and Lavender Stephanie

Purchase Details

Closed on
Mar 28, 1997
Sold by
Cota Graciela F
Bought by
Cota Jorge C
Source: Public Records
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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
Mercedes Investment Co Llc $313,000 Great American Title Agency
Lopez Tom $302,000 --
Brooks Robert E $252,500 First American Title Ins Co
Fife Peter J -- First American Title
Fife Peter J -- First American Title
Fife Peter J $18,000 First American Title
Lavender Brian $20,000 Fidelity National Title Agen
Cota Jorge C -- --
Cota Jorge C $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Tom $241,600
Previous Owner Brooks Robert E $200,000
Previous Owner Fife Peter J $147,000
Closed Brooks Robert E $12,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2019 01/18/19 Sold $313,000 -2.2% $96 / Sq Ft
11/26/2018 11/26/18 For Sale $319,900 -- $98 / 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 $2,882 $36,701 -- --
2024 $2,720 $37,076 -- --
2023 $2,837 $26,724 $4,942 $21,782
2022 $2,720 $24,903 $4,942 $19,961
2021 $2,771 $24,814 $0 $0
2020 $2,699 $21,680 $0 $0
2019 $2,589 $21,064 $0 $0
2018 $2,537 $17,928 $0 $0
2017 $2,469 $17,638 $0 $0
2016 $2,409 $17,254 $1,100 $16,154
2014 $2,281 $13,342 $1,100 $12,242
Source: Public Records

Agents Affiliated with this Home

  • Robert Towne

    Seller's Agent in 2019

    Robert Towne

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 570-8605

    1 in this area

    10 Total Sales

    Robert Towne
    Section Image

  • A

    Buyer's Agent in 2019

    Austin Foley

    West USA Realty

    (480) 336-2900

    20 Total Sales

    Austin Foley
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5850776

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-046

Arizona Pinal County Apache Junction 85119

422 E Linda Ave, Apache Junction, AZ

Not Listed for Sale

MultiFamily

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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