NOT LISTED FOR SALE

4225 N Montezuma Dr Eloy, AZ 85131

Estimated Value: $237,432 - $275,000

-- Bed
-- Bath
1,998 Sq Ft
$128/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $160,000 $80 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,440/month

4 Days on Market

About This Home

As of August 2020

Fantastic, affordable investment. Raise the rents to $650/unit market rate for a 7.7% CAP Rate. Current leases are month to month with a history of steady occupancy.

Last Agent to Sell the Property

Peter J. Thoesen PLLC

Realty ONE Group License #SA555441000 Listed on: 07/17/2020

Last Buyer's Agent

Tom Chase

TJ Chase Realty Group, Inc License #BR522563000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $970

Year Built

  • Built in 2007

Lot Details

  • 0.35

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Toltec Elementary School
  • Eloy Junior High School
  • Casa Grande Union High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for water
  • Legal Lot and Block 11 / F
  • Assessor Parcel Number 404-02-123

Community Details

Overview

  • 2 Units
  • Building Dimensions are 92 x 163
  • Toltec/Arizona Valley Unit One Subdivision

Building Details

  • Operating Expense $1,970
  • Gross Income $15,444
  • Net Operating Income $13,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$970

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Frontier & Toltec
  • Legal Info Range: 07E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Year Built: 2007
  • Tax Year: 2019
  • Directions: North on Toltec, Right on Shira, Left on Montezuma, North to the property on the Right
  • Road Surface Type: Treated
  • Subdivision Name: TOLTEC/ARIZONA VALLEY UNIT ONE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Garage Details: Yes
  • Parking:Attached: 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: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Elementary School: Toltec Elementary School
  • High School: Casa Grande Union High School
  • Middle Or Junior School: Eloy Junior High School

Lot Info

  • Lot Size: 92 x 163
  • Additional Parcels: No
  • Parcel #: 404-02-123

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water
  • Number Of Units Total: 2
  • Annual Gross Income: 15444.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 13630.0
  • Annual Operating Expense: 1970.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 970.0
  • Tax Block: F
  • Tax Book Number: 404.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Jul 31, 2020
Sold by
Bizal Llc
Bought by
Atlas Residential Llc
Seller's Agent
Peter J. Thoesen PLLC
Realty ONE Group
Buyer's Agent
Tom Chase
TJ Chase Realty Group, Inc
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Current Estimated Value
$256,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,608
Avg. Annual Appreciation
10.42%

Purchase Details

Closed on
Aug 11, 2008
Sold by
Bruga Leslie M
Bought by
Bizal Llc

Purchase Details

Closed on
Dec 28, 2005
Sold by
Barnes Lorraine J
Bought by
Bruga Leslie M
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
Atlas Residential Llc $160,000 Security Title Agency
Bizal Llc -- None Available
Bruga Leslie M $15,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bruga Leslie M $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2020 08/04/20 Sold $160,000 -8.6% $80 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $175,000 -- $88 / 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 $1,014 $19,388 -- --
2024 $984 $23,284 -- --
2023 $1,020 $15,308 $630 $14,678
2022 $984 $10,180 $370 $9,810
2021 $1,034 $8,904 $0 $0
2020 $1,005 $9,004 $0 $0
2019 $970 $7,190 $0 $0
2018 $952 $5,696 $0 $0
2017 $962 $5,578 $0 $0
2016 $1,041 $5,734 $840 $4,894
2014 $1,171 $6,686 $840 $5,846
Source: Public Records

Agents Affiliated with this Home

  • Peter J. Thoesen PLLC

    Seller's Agent in 2020

    Peter J. Thoesen PLLC

    Realty One Group

    (480) 734-7901

    5 in this area

    19 Total Sales

    Peter J. Thoesen PLLC
    Section Image

  • T

    Buyer's Agent in 2020

    Tom Chase

    TJ Chase Realty Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6104183

Arizona Regional Multiple Listing Service (ARMLS)

APN: 404-02-123

Arizona Pinal County Eloy 85131

4225 N Montezuma Dr, Eloy, AZ

This home is located at 4225 N Montezuma Dr, Eloy, AZ 85131 since 17 July 2020 and is currently estimated at $256,608, approximately $128 per square foot. This property was built in 2007. 4225 N Montezuma Dr is a home located in Pinal County with nearby schools including Toltec Elementary School and Arizona City Elementary 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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