NOT LISTED FOR SALE

435 E Montebello Ave Apache Junction, AZ 85119

Estimated Value: $519,000 - $553,000

-- Bed
4 Baths
925 Sq Ft
$581/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $298,700 $323 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,024/month

3 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available

About This Home

As of November 2018

4-plex with amazingly large 2 bdrm units (925 sq ft each!), off street parking, separate laundry rooms in each unit and semi- private patios. Property is fenced. Three long term tenants. Each unit pays 1⁄4 of water bill. MLS comps show rent range of $660 to $690. Current average is $583. Interiors renovated as they become available. This is one of the few newer multi-family units in the area and is easy to rent with little down time. Lots of upward potential for rents!

Last Agent to Sell the Property

John Gordon

Coldwell Banker Realty License #BR009377000 Listed on: 10/30/2018

Coldwell Banker Realty

Last Buyer's Agent

Joe Ackerman

ProSmart Realty License #SA641405000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,135

Year Built

  • Built in 2002

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Peralta Trail Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, water, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1449
  • Assessor Parcel Number 102-25-050

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100x100
  • Palm Springs Unit Fourteen Subdivision

Building Details

  • Operating Expense $6,017
  • Gross Income $27,121
  • Net Operating Income $21,943

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,135

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: Idaho & Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2002
  • Tax Year: 2018
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT FOURTEEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), None
  • 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:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 288.0
  • Annual Water Sewer Expense: 1629.0

Schools

  • Elementary School: Peralta Trail Elementary School
  • 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: 100x100
  • Additional Parcels: No
  • Parcel #: 102-25-050

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27121.2
  • Insurance Expense: 765.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 21943.0
  • Annual Operating Expense: 6017.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2135.0
  • Tax Book Number: 102.00
  • Tax Lot: 1449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2018
Closed on
Dec 21, 2018
Sold by
Marques Properties 5 Llc
Bought by
Marques Paul and Marques Ethel
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
Joe Ackerman
ProSmart Realty
List Price
$298,700
Sold Price
$298,700
Current Estimated Value
$536,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,272
Avg. Annual Appreciation
8.65%
Original Mortgage
$225,000
Outstanding Balance
$198,625
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$338,347

Purchase Details

Listed on
Oct 30, 2018
Closed on
Nov 27, 2018
Sold by
Scardino Charles and Scardino Maureen
Bought by
Marques Properties 5 Llc
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
Joe Ackerman
ProSmart Realty
List Price
$298,700
Sold Price
$298,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$198,625
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$338,347

Purchase Details

Closed on
Apr 3, 2012
Sold by
Scardino Charls and Scardino Maureen
Bought by
Scardino Charles and Scardino Maureen

Purchase Details

Closed on
Aug 2, 2011
Sold by
Perez Ismael and Perez Alma Patricia
Bought by
Scardino Charles and Scardino Maureen

Purchase Details

Closed on
Sep 14, 2006
Sold by
Torres Diego and Torres Jeanne
Bought by
Perez Ismael and Perez Alma Patricia

Purchase Details

Closed on
Jul 25, 2006
Sold by
Torres Diego and Torres Jeanne
Bought by
4 T Properties Llc

Purchase Details

Closed on
Feb 21, 2006
Sold by
Torres Diego and Torres Jeanne
Bought by
Perez Ismael and Perez Alma Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
1.62%
Mortgage Type
Negative Amortization

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 David and Monge Rebecca

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

Purchase Details

Closed on
Dec 8, 1998
Sold by
Sajdak Lawrence L and Sajdak Margaret E
Bought by
Corriveau Norman H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marques Paul -- Empire West Title Agency Llc
Marques Properties 5 Llc $298,700 Yava Pal Title Agency Inc
Scardino Charles -- None Available
Scardino Charles $105,000 Yavapai Title Agency Inc
Perez Ismael $425,000 Stewart Title & Trust Of Pho
Torres Diego -- Stewart Title & Trust Of Pho
4 T Properties Llc -- None Available
Perez Ismael $425,000 Stewart Title & Trust Of Pho
Torres Diego $265,000 Arizona Title Agency Inc
Monge David $236,000 Lawyers Title Of Arizona Inc
Norman H Corriveau Living Trust -- --
Corriveau Norman H $20,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marques Paul $225,000
Closed Marques Properties 5 Llc $224,025
Previous Owner Perez Ismael $276,250
Previous Owner Torres Diego $238,500
Previous Owner Monge David $177,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $298,700 -6.5% $323 / Sq Ft
11/02/2018 11/02/18 Price Changed $319,500 +7.0% $345 / Sq Ft
10/30/2018 10/30/18 For Sale $298,700 -- $323 / 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 $2,425 $40,177 -- --
2024 $2,331 $40,932 -- --
2023 $2,387 $29,897 $5,012 $24,885
2022 $2,289 $27,580 $5,012 $22,568
2021 $2,331 $27,456 $0 $0
2020 $2,271 $24,407 $0 $0
2019 $2,179 $23,457 $0 $0
2018 $2,135 $20,366 $0 $0
2017 $2,078 $20,040 $0 $0
2016 $2,027 $19,403 $1,100 $18,303
2014 $1,920 $11,227 $1,100 $10,127
Source: Public Records

Agents Affiliated with this Home

  • John Gordon

    Seller's Agent in 2018

    John Gordon

    Coldwell Banker Realty

    (602) 319-8509

    65 in this area

    152 Total Sales

    John Gordon
    Section Image

  • J

    Buyer's Agent in 2018

    Joe Ackerman

    ProSmart Realty

    Section Image

  • F

    Buyer Co-Listing Agent in 2018

    Fred Hackett

    DeLex Realty

    Section Image

  • F

    Buyer Co-Listing Agent in 2018

    Fred N Hackett

    RE/MAX Professionals

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5840438

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-25-050

Arizona Pinal County Apache Junction 85119

435 E Montebello 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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