NOT LISTED FOR SALE

440 E Hondo Ave Apache Junction, AZ 85119

Estimated Value: $410,000 - $562,000

Studio
-- Bath
2,880 Sq Ft
$157/Sq Ft Est. Value

Last Sold May 26, 2017

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

Est. 115% increase in value since last sale

Current estimated payment $2,451/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 Agent to Sell the Property

Linda Cossette

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

Last Buyer's Agent

Steven Bergquist

Realty ONE Group License #SA021164000

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
  • 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
Current Estimated Value
$452,434

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
9.26%

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
Source: Public Records
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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 $129,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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
Source: Public Records

Agents Affiliated with this Home

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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