$242,000
SOLD MAR 6, 2018

435 E 10th Ave Apache Junction, AZ 85119

-- Bed
-- Bath
2,880 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

19% Below List Price

171 Days on Market

About This Home

As of June 2019

SELLER WILL LOOK AT ALL OFFERS! VERY MOTIVATED! BRAND NEW EXTERIOR PAINT JOB. VERY NICE FOUR-PLEX FOR SALE IN A VERY NICE AREA OF APACHE JUNCTION. NICE QUIET RESIDENTIAL AREA. RIGHT NEXT TO NORTHERN AZ UNIVERSITY. ALSO NEARBY IS BANNER CHILDREN'S HEALTH CLINIC. EASY ACCESS TO THE INTERSTATE 60. ALL UNITS ARE 2 BED, 1 BATH UNITS AT 760 SF. VERY LOW MAINTENANCE. THIS FOUR-PLEX WAS BUILT IN 1983 AND ALSO FOR SALE IS THE ADJACENT FOUR-PLEX. (BOTH MUST BE SOLD TOGETHER. OWNER WILL ENTERTAIN ALL OFFERS! RENTS: Unit 1 500 Unit 2 525 Unit 3 475 Unit 4 500

Last Agent to Sell the Property

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Last Buyer's Agent

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,242

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for trash collection
  • Tax Lot 93
  • Assessor Parcel Number 102-23-093

Community Details

Overview

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

Building Details

  • Operating Expense $4,090
  • Gross Income $22,800
  • Net Operating Income $18,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,242

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: IDAHO/BROADWAY
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CB-1
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2016
  • Directions: EAST ON HIGHWAY 60 TO IDAHO RD AND GO LEFT. TURN RIGHT ONTO 16TH AVE., TAKE THE 2ND LEFT ONTO S. WINCHESTER RD., TURN RIGHT ONTO 10TH AVE. PROPERTY ON THE RIGHT.
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: PALM SPRINGS UNIT FIVE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Built-Up, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • 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:Other (See Remarks)24: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 1200.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-23-093

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 22800.0
  • Insurance Expense: 1648.0
  • Property Net Operating Income: 18710.0
  • Annual Operating Expense: 4090.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1242.0
  • Tax Book Number: 102.00
  • Tax Lot: 93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Pearson Lillian Janet
Bought by
Pearson Lillian Janet and The Lillian Janet Pearson Trus
Total Days on Market
171
Current Estimated Value
$559,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$206,989
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,231

Purchase Details

Closed on
Apr 16, 2020
Sold by
Pearson Lillian Janet
Bought by
Pearson Lillian Janet and The Lillian Janet Pearson Trus

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 25, 2019
Sold by
Tks Estates Llc
Bought by
Pearson Lillian Janet
Seller's Agent
Thomas Swan
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$399,000
Sold Price
$335,000
Premium/Discount to List
-$64,000
-16.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%
Original Mortgage
$226,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2018
Sold by
Swan Thomas J and Swan Kerry A
Bought by
Tks Estates Llc

Purchase Details

Listed on
Aug 10, 2017
Closed on
Mar 3, 2018
Sold by
Chadwick Stephen G and Stewart Scott C
Bought by
Swan Thomas J and Swan Kerry A
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$299,000
Sold Price
$242,000
Premium/Discount to List
-$57,000
-19.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%
Original Mortgage
$181,500
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2009
Sold by
First Horizon Home Loans
Bought by
Chadwick Stephen G and Stewart Scott C

Purchase Details

Closed on
Feb 2, 2009
Sold by
Zambrana Freddy
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Dec 19, 2005
Sold by
David Soloman
Bought by
Zambrana Freddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,920
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 20, 2003
Sold by
Huston Michael J and Huston Donna
Bought by
David Soloman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2002
Sold by
Lawane Richard L and Lawane Laura J
Bought by
Huston Michael J and Huston Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
6.69%
Mortgage Type
New Conventional

Map

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Warranty Deed -- First Arizona Title
Interfamily Deed Transfer -- None Available
Warranty Deed $335,000 First Arizona Title Agency
Special Warranty Deed -- None Available
Warranty Deed $250,000 Chicago Title Agency Inc
Cash Sale Deed $112,100 Placer Title Company
Trustee Deed $157,250 Accommodation
Warranty Deed $259,900 Arizona Title Agency Inc
Warranty Deed $188,000 Capital Title Agency Inc
Warranty Deed $162,250 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $230,000 New Conventional
Previous Owner $226,000 New Conventional
Previous Owner $181,500 New Conventional
Previous Owner $207,920 Adjustable Rate Mortgage/ARM
Previous Owner $141,000 New Conventional
Previous Owner $129,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $335,000 -16.0% $116 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
04/28/2019 04/28/19 For Sale $399,000 +64.9% $139 / Sq Ft
03/06/2018 03/06/18 Sold $242,000 -6.9% $84 / Sq Ft
01/16/2018 01/16/18 Price Changed $259,950 -5.3% $90 / Sq Ft
12/31/2017 12/31/17 Price Changed $274,500 -5.8% $95 / Sq Ft
09/29/2017 09/29/17 Price Changed $291,500 -1.7% $101 / Sq Ft
09/22/2017 09/22/17 Price Changed $296,500 -0.8% $103 / Sq Ft
08/09/2017 08/09/17 For Sale $299,000 -- $104 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $18,850 -- --
2024 $1,298 $19,134 -- --
2023 $1,354 $13,328 $0 $0
2022 $1,298 $18,080 $3,744 $14,336
2021 $1,322 $17,148 $0 $0
2020 $1,288 $12,460 $0 $0
2019 $1,235 $11,890 $0 $0
2018 $1,210 $7,737 $0 $0
2017 $1,258 $7,869 $0 $0
2016 $1,242 $7,859 $1,100 $6,759
2014 $1,214 $7,101 $1,100 $6,001
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5644543

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-23-093