NOT LISTED FOR SALE

438 E Kachina Ave Apache Junction, AZ 85119

Estimated Value: $542,659

-- Bed
-- Bath
3,168 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 29, 2019

Last sale price $345,000 $109 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,166/month

49 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating

About This Home

As of October 2019

Solid investment property with great tenants. Property features 4 easy to rent multi-family units. Property is fully occupied. All units are 2 BR/ 1 BATH. Two units have been remodeled with all new kitchen, all new appliances, granite countertops, tile showers and 20' tile floors. Per listing agent in 2014, all AC units were new. All units are metered separately for water and electric.Great location! Low maintenance landscaping. Wonderful value & wonderful opportunity! Drive by and see what a great property this is. Interior showings available with accepted purchase contract.

Last Listed By

Patience Mikhail

AARE License #SA674908000 Listed on: 08/15/2019

AARE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,653

Year Built

  • Built in 1987

Lot Details

  • 10,019

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for trash collection, electricity, cable TV
  • The owner pays for sewer
  • Tax Lot 1015
  • Assessor Parcel Number 102-26-016

Community Details

Overview

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

Building Details

  • Operating Expense $7,213
  • Gross Income $26,213
  • Net Operating Income $41,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,653

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: SOUTHERN AND IDAHO
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Mobile Home Prk Info Total Number Spaces: 8
  • Tax Year: 2018
  • Road Surface Type: Gravel, Dirt
  • Professional Management Expense: 4140.0
  • Subdivision Name: PALM SPRINGS UNIT TEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, >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:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 720.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-26-016

Multi Family

  • Owner Pays: Sewer
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 26213.04
  • Insurance Expense: 700.0
  • Property Net Operating Income: 41400.0
  • Annual Operating Expense: 7213.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1653.0
  • Tax Book Number: 102.00
  • Tax Lot: 1015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2019
Closed on
Dec 15, 2019
Sold by
Roebke Steven M
Bought by
Striker 84 Llc
Seller's Agent
Patience Mikhail
AARE
Buyer's Agent
Mike Ross
HomeSmart
List Price
$380,000
Sold Price
$345,000
Premium/Discount to List
-$35,000
-9.21%
Total Days on Market
49
Current Estimated Value
$542,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,659
Avg. Annual Appreciation
8.54%
Original Mortgage
$241,500
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Aug 15, 2019
Closed on
Oct 21, 2019
Sold by
Haroun Bolis
Bought by
Roebke Steven
Seller's Agent
Patience Mikhail
AARE
Buyer's Agent
Mike Ross
HomeSmart
List Price
$380,000
Sold Price
$345,000
Premium/Discount to List
-$35,000
-9.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Nov 15, 2013
Closed on
Mar 17, 2014
Sold by
Bolis Haroun Neven and Bolis Haroun
Bought by
Haroun Bolis
Seller's Agent
Lobna Hanoneh
Citiea
Buyer's Agent
John Van Etten
Weichert, Realtors-Home Pro Realty
List Price
$225,000
Sold Price
$199,000
Premium/Discount to List
-$26,000
-11.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$143,700
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2012
Closed on
Jan 23, 2013
Sold by
Residential Rentals Llc
Bought by
Skyhawk Llc
Seller's Agent
Neal Yukolis
My Home Group Real Estate
Buyer's Agent
Tammy Rankin
Maison Belle Real Estate LLC
List Price
$149,900
Sold Price
$147,500
Premium/Discount to List
-$2,400
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.46%

Purchase Details

Listed on
Dec 21, 2012
Closed on
Jan 16, 2013
Sold by
Yukolis Neal
Bought by
Az Apartment Rentals Llc
Seller's Agent
Neal Yukolis
My Home Group Real Estate
Buyer's Agent
Tammy Rankin
Maison Belle Real Estate LLC
List Price
$149,900
Sold Price
$147,500
Premium/Discount to List
-$2,400
-1.6%

Purchase Details

Listed on
Dec 21, 2012
Closed on
Dec 31, 2012
Sold by
Az Apartment Rentals Llc
Bought by
Residential Rentals Llc
Seller's Agent
Neal Yukolis
My Home Group Real Estate
Buyer's Agent
Tammy Rankin
Maison Belle Real Estate LLC
List Price
$149,900
Sold Price
$147,500
Premium/Discount to List
-$2,400
-1.6%

Purchase Details

Closed on
Mar 9, 2010
Sold by
Rahi Real Estate Holdings Llc
Bought by
Az Apartment Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2010
Sold by
Luna Ike B and Luna Raquel D
Bought by
Rahi Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2006
Sold by
Luna Ike B and Luna Raquel D
Bought by
Luna Ike B and Luna Raquel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 7, 2006
Sold by
Luna Ike B and Luna Raquel D
Bought by
Luna Ike B and Luna Raquel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 2005
Sold by
Saunders Desiree
Bought by
Luna Ike B and Luna Raquel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,900
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2003
Sold by
Saunders Desiree E
Bought by
A J 525 Land Trust

Purchase Details

Closed on
Oct 24, 2000
Sold by
Taylor Sue
Bought by
Kachinaplx Trust

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 Buyer Sale Price Title Company
Striker 84 Llc $345,000 None Available
Roebke Steven $345,000 Magnus Title Agency
Haroun Bolis -- American Title Service Agenc
Haroun Bolis $199,000 American Title Service Agenc
Skyhawk Llc $147,500 Security Title Agency
Az Apartment Rentals Llc -- Security Title Agency
Residential Rentals Llc $93,200 Security Title Agency
Az Apartment Rentals Llc $82,900 Fidelity National Title
Rahi Real Estate Holdings Llc $80,000 None Available
Luna Ike B -- None Available
Luna Ike B -- The Talon Group Mesa Springs
Luna Ike B $309,900 --
A J 525 Land Trust -- --
Kachinaplx Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roebke Steven $241,500
Previous Owner Haroun Bolis $143,700
Previous Owner Az Apartment Rentals Llc $350,700
Previous Owner Az Apartment Rentals Llc $62,000
Previous Owner Luna Ike B $300,000
Previous Owner Luna Ike B $278,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2019 10/29/19 Sold $345,000 -9.2% $109 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $380,000 +91.0% $120 / Sq Ft
03/25/2014 03/25/14 Sold $199,000 -11.6% $63 / Sq Ft
02/19/2014 02/19/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $225,000 +52.5% $71 / Sq Ft
01/25/2013 01/25/13 Sold $147,500 -1.6% $47 / Sq Ft
01/10/2013 01/10/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $149,900 -- $47 / 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 $1,878 $25,408 -- --
2024 $1,772 $26,016 -- --
2023 $1,848 $17,785 $5,011 $12,774
2022 $1,772 $26,471 $5,011 $21,460
2021 $1,805 $25,507 $0 $0
2020 $1,759 $19,135 $0 $0
2019 $1,687 $18,805 $0 $0
2018 $1,653 $12,315 $0 $0
2017 $1,609 $12,685 $0 $0
2016 $1,569 $12,620 $1,100 $11,520
2014 $1,486 $8,694 $1,100 $7,594
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5975077

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-016