NOT LISTED FOR SALE

451 W 16th Ave Apache Junction, AZ 85120

Estimated Value: $398,000 - $572,000

-- Bed
-- Bath
3,656 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $340,000 $93 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,865/month

53 Days on Market

About This Home

As of September 2019

Back on market. 1st buyer failed to deposit EM.
Superstition Villa 4-Plex
Modern 2002 built complex offers low maintenance
stucco + water stingy desertscaping. Washer/Dryer
hook-ups in every unit! Long term tenants make this
easy to self-manage or reside yourself in one unit.
Low expenses result in a 7% cap rate off of current
operations! 100% occupancy

Inspection upon accepted contract.

PLEASE NO SHOWING TIME showings.

DO NOT TALK TO TENANTS AS UNAWARE OF THE SALE.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 06/20/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Colton Aurich

City to City Commercial License #SA681688000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,163

Year Built

  • Built in 2002

Lot Details

  • 9,104

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Multiple cooling system units
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 7 / 2026
  • Assessor Parcel Number 102-22-007

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9086 SF

Building Details

  • Operating Expense $7,563
  • Gross Income $31,920
  • Net Operating Income $24,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,163

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: West 16th Ave & South Plaza Drive
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Year Built: 2002
  • Tax Year: 2018
  • Directions: From the US -60, take exit 196 for AZ-88 E/Idaho Road, Turn Left onto Idaho Road. Travel 1 Mile to 16th Avenue, Turn left onto 16th Avenue, Property will be on the left.
  • Road Surface Type: Concrete
  • 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: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • 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

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Individual, Heat Pump, Electric
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: 9086 SF
  • Additional Parcels: No
  • Parcel #: 102-22-007

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 31920.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 24357.0
  • Annual Operating Expense: 7563.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2163.0
  • Tax Block: 2026
  • Tax Book Number: 102.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2021
Sold by
Kubat Caryn Lina and Schott Landon
Bought by
Steve Smith Family Holdings Llc
Current Estimated Value
$515,893

Purchase Details

Listed on
Jun 20, 2019
Closed on
Sep 17, 2019
Sold by
Ecms Properties Llc
Bought by
Linakubat Caryn and Schott Landon
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Colton Aurich
City to City Commercial
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$328,932
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 2004
Sold by
Trogan David J and Sciarra Patrick
Bought by
Little Edward A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2004
Sold by
Trogan Amy
Bought by
Trogan David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,200
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2004
Sold by
Lemire Ross
Bought by
Trojan David J and Sciarra Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,200
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2002
Sold by
Lemire Kelly J
Bought by
Lemire Ross

Purchase Details

Closed on
Jul 30, 2002
Sold by
Daniel Enterprises Inc
Bought by
Lemire Ross

Purchase Details

Closed on
Sep 4, 2001
Sold by
Written It Is
Bought by
Daniel Enterprises Inc
Source: Public Records

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
Steve Smith Family Holdings Llc -- None Available
Linakubat Caryn $340,000 Chicago Title Agency
Little Edward A $300,000 Stewart Title & Trust Of Pho
Trogan David J -- Security Title Agency
Sciarra Patrick -- Security Title Agency
Trojan David J $264,000 Security Title Agency
Lemire Ross -- Transnation Title Insurance
Lemire Ross $242,900 Transnation Title Insurance
Daniel Enterprises Inc $17,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Linakubat Caryn $328,932
Previous Owner Little Edward A $210,000
Previous Owner Trojan David J $252,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $340,000 -1.4% $93 / Sq Ft
08/12/2019 08/12/19 Pending -- -- --
07/28/2019 07/28/19 Price Changed $345,000 -1.4% $94 / Sq Ft
07/10/2019 07/10/19 For Sale $350,000 0.0% $96 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $350,000 -- $96 / 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 $1,815 $36,257 -- --
2024 $2,320 $36,876 -- --
2023 $1,786 $28,212 $5,451 $22,761
2022 $2,320 $27,974 $5,451 $22,523
2021 $2,096 $27,828 $0 $0
2020 $2,302 $26,756 $0 $0
2019 $2,208 $25,870 $0 $0
2018 $2,163 $20,343 $0 $0
2017 $2,106 $19,965 $0 $0
2016 $2,054 $19,367 $1,100 $18,267
2014 -- $11,379 $1,100 $10,279
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • C

    Buyer's Agent in 2019

    Colton Aurich

    City to City Commercial

    (480) 984-4999

    2 in this area

    25 Total Sales

    Colton Aurich
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5942133

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-007

Arizona Pinal County Apache Junction 85120

451 W 16th Ave, Apache Junction, AZ

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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