NOT LISTED FOR SALE

440 E Hondo Ave Apache Junction, AZ 85119

Estimated Value: $387,743 - $553,000

-- Bed
-- Bath
2,880 Sq Ft
$163/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $210,000 $73 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $2,704/month

48 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available

About This Home

As of May 2017

GREAT INVESTMENT OPPORTUNITY. FULLY RENTED WITH LONG TERM TENANTS. WELL MANTAINED UNITS IN A GREAT LOCATION, WITH STORAGE AND SEPARATE LAUNDRY ROOMS, PARKING IN BACK.SEPERATE STORAGE SHED OR OWNER/LANDLORD. OWNERS ALSO SELLING 4-PLEX, 480 E HONDO AVE.

Last Listed By

Linda Cossette

RE/MAX Elite License #SA566046000 Listed on: 12/23/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1982

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Foam Roof

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 40
  • Assessor Parcel Number 102-03-348

Community Details

Overview

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

Building Details

  • Operating Expense $5,379
  • Gross Income $25,593
  • Net Operating Income $20,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,019

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: IDAHO & SOUTHERN
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: 4PLEX
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2015
  • Directions: EAST ON SOUTHERN TO WINCHESTER, TURN LEFT TO HONDO, TURN RIGHT AND PROPERTY IS ON NORTH SIDE OF STREET.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT SEVEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 488.0
  • Annual Water Sewer Expense: 2500.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-03-348

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25593.0
  • Insurance Expense: 872.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 20214.0
  • Annual Operating Expense: 5379.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1019.0
  • Tax Book Number: 102.00
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2018
Sold by
Hancock Bergquist Anna M
Bought by
Hancock Bergquist Anna and Hancock Steven
Total Days on Market
48
Current Estimated Value
$469,436

Purchase Details

Listed on
Dec 23, 2016
Closed on
May 19, 2017
Sold by
Cossette Michael and Cossette Linda
Bought by
Hancock Bergquist Anna M
Seller's Agent
Linda Cossette
RE/MAX Elite
Buyer's Agent
Steven Bergquist
Realty ONE Group
List Price
$230,000
Sold Price
$210,000
Premium/Discount to List
-$20,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%

Purchase Details

Closed on
Aug 10, 2001
Sold by
Goff Lawrence W and Goff Edna D
Bought by
Cossette Michael and Cossette Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
7.19%
Mortgage Type
New Conventional

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
Hancock Bergquist Anna -- Accommodation
Bergquist Steven A -- Accommodation
Hancock Bergquist Anna M $210,000 Grand Canyon Title Agency
Cossette Michael $143,900 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cossette Michael J $121,500
Previous Owner Cossette Linda $55,600
Previous Owner Cossette Michael $137,250
Previous Owner Cossette Michael $129,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $210,000 -8.7% $73 / Sq Ft
05/11/2017 05/11/17 Price Changed $230,000 0.0% $80 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
12/23/2016 12/23/16 For Sale $230,000 -- $80 / 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 $1,222 $20,953 -- --
2024 $1,154 $21,004 -- --
2023 $1,203 $13,501 $4,894 $8,607
2022 $1,154 $17,296 $4,894 $12,402
2021 $1,175 $16,492 $0 $0
2020 $1,145 $13,767 $0 $0
2019 $1,098 $17,405 $0 $0
2018 $1,076 $6,878 $0 $0
2017 $1,071 $6,699 $0 $0
2016 $1,064 $6,712 $1,100 $5,612
2014 $1,068 $6,245 $1,100 $5,145
Source: Public Records

Agents Affiliated with this Home

  • Linda Cossette

    Seller's Agent in 2017

    Linda Cossette

    RE/MAX

    (480) 703-5983

    Section Image

  • S

    Buyer's Agent in 2017

    Steven Bergquist

    Realty One Group

    (480) 777-4500

    5 Total Sales

    Steven Bergquist
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5538890

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-03-348

Arizona Pinal County Apache Junction 85119

440 E Hondo Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 440 E Hondo Ave, Apache Junction, AZ 85119 since 23 December 2016 and is currently estimated at $469,436, approximately $162 per square foot. This property was built in 1982. 440 E Hondo Ave is a home located in Pinal County with nearby schools including Peralta Trail Elementary School, Cactus Canyon Junior High School, and Apache Junction High 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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