NOT LISTED FOR SALE

427 E Mesquite Ave Apache Junction, AZ 85119

Estimated Value: $406,162 - $565,000

-- Bed
-- Bath
3,100 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 27, 2013

Last sale price $168,000 $54 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $2,780/month

292 Days on Market

Highlights

  • RV or Boat Parking
  • Community Playground
  • Vinyl Flooring
  • Cooling Available
  • Ceiling Fan
  • Heat Pump System

About This Home

As of June 2013

Traditional $ale, Owned Free & Clear, NOT a Bank Owned, NOT a Short Sale.... This 2-Story 4-Plex was Remoldeled in 2010 with a New Roof, 3 New A/C Units, New Exterior & Interior Paint, Newer Appliances, Refrigerators, Vinyl Flooring, Laundry Hook-ups, Extra Storage in Rear, Low Taxes, CAP Rate 10.59%, All Income & Expenses Accurate, Owner/Self Managed, ALL UNITS ARE ~RENTED with Screened Tenants at $525 & Deposits at $525 Each. This Property is Located in a Very Good Area and is Well Maintained! A True Income Producer!! Your Investors Need to Jump On This One NOW!! NO VACANCIES!+!+!

Last Listed By

Roger Harbaugh

DPR Realty LLC License #SA043327000 Listed on: 08/17/2012

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,647

Year Built

  • Built in 1981

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • RV or Boat Parking

Schools

  • Desert Vista Elementary School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, landscaping
  • Tax Lot 1415
  • Assessor Parcel Number 102-25-016

Community Details

Overview

  • 4 Units
  • Building Dimensions are 92 X 109
  • Palm Springs Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $5,047
  • Gross Income $25,200
  • Net Operating Income $18,537

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,647

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Go East on Southern from Idaho
  • Property Type: Multiple Dwellings
  • Zoning: 4-Plex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2011
  • Directions: Turn North on Winchester, then East on Mesquite to Property, No Sign on Property, No Lockbox ~DO NOT DISTURB~ Tenants~ No Vacancies
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: Palm Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: RV/Boat Parking, Add'l Parking Avail, >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
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Submetered System, Individual Meter
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 1600.0

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 92 X 109
  • Additional Parcels: No
  • Parcel #: 102-25-016

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 100.0
  • Annual Gross Income: 25200.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 18537.0
  • Annual Operating Expense: 5047.0

Tax Info

  • Tax Annual Amount: 1647.0
  • Tax Book Number: 102.00
  • Tax Lot: 1415

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Antti Steven G and Antti Frances Mehok
Bought by
Antti Steven G
Total Days on Market
292
Current Estimated Value
$480,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Outstanding Balance
$189,441
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$280,798

Purchase Details

Closed on
May 8, 2014
Sold by
Antti Steven G
Bought by
Mehok Antti Steven G and Mehok Antti Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2014
Sold by
Antti Frances Mehok and Antti Steven G
Bought by
Antti Steven G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2012
Closed on
Jun 5, 2013
Sold by
Setrock Properties Ii Llc
Bought by
Mehok Antti Steven G and Mehok Antti Fran
Seller's Agent
Roger Harbaugh
DPR Realty LLC
Buyer's Agent
James Watson
Perfect Choice Real Estate
List Price
$185,000
Sold Price
$168,000
Premium/Discount to List
-$17,000
-9.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Jun 16, 2010
Sold by
Citibank Na
Bought by
Setrock Properties Ii Llc

Purchase Details

Closed on
Apr 15, 2010
Sold by
Jerome David H
Bought by
Citibank Na

Purchase Details

Closed on
May 2, 2006
Sold by
Jerome David H
Bought by
Spin Off 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
$240,500
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2006
Sold by
Jerome Elizabeth A
Bought by
Jerome David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,500
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 29, 2005
Sold by
Jerome David H
Bought by
Spin Off 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
$184,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 24, 2005
Sold by
Jerome Elizabeth Anne
Bought by
Jerome David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 3, 1994
Sold by
Rice Marilyn Louise
Bought by
Rice John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,849
Interest Rate
7%
Mortgage Type
FHA

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
Antti Steven G -- Timios Inc
Mehok Antti Steven G -- None Available
Antti Steven G -- Clear Title Agency Of Az
Mehok Antti Steven G $168,000 First American Title Ins Co
Setrock Properties Ii Llc $71,500 Servicelink
Citibank Na $260,693 None Available
Spin Off Properties Llc -- First American Title Insuran
Jerome David H -- First American Title Insuran
Jerome David H -- First American Title Insuran
Spin Off Properties Llc -- First American Title Insuran
Jerome David -- Fidelity National Title Agen
Jerome David $230,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Antti Steven G $207,000
Closed Antti Steven G $113,750
Previous Owner Jerome David H $240,500
Previous Owner Jerome David $184,000
Previous Owner Rice John A $76,849
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2013 06/27/13 Sold $168,000 -9.2% $54 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
08/17/2012 08/17/12 For Sale $185,000 -- $60 / 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 $1,375 $22,511 -- --
2024 $1,298 $22,537 -- --
2023 $1,354 $14,451 $5,012 $9,439
2022 $1,298 $20,553 $5,012 $15,541
2021 $1,322 $19,546 $0 $0
2020 $1,288 $14,103 $0 $0
2019 $1,236 $13,472 $0 $0
2018 $1,211 $8,320 $0 $0
2017 $1,178 $8,112 $0 $0
2016 $1,149 $7,796 $1,100 $6,696
2014 $1,089 $6,368 $1,100 $5,268
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4805181

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-25-016