NOT LISTED FOR SALE

457 E Quail Ave Apache Junction, AZ 85119

Estimated Value: $457,836 - $588,000

-- Bed
-- Bath
3,233 Sq Ft
$158/Sq Ft Est. Value

Last Sold February 21, 2018

Last sale price $235,000 $73 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $2,961/month

21 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available

About This Home

As of February 2018

Significantly upgraded 4plex with all 800+ SF 2 bedroom/1 bath units. Located just east of Mesa in fast-growing Apache Junction. Upgrades include the roof, most windows, porches/decks, tile flooring, and much more! Standard rent is $550 ($.68/SF) allowing for the opportunity to raise rents. 7+/-CAP range now with potential for 8 CAP. Hard to find a building in good condition offering this attractive of a CAP rate in the Phoenix area. 3320 SF building/10,023 SF lot. Ample parking. Buyer to complete and rely on own due diligence. Expenses projected. OM available upon request. Interior showings only in escrow, please drive by only and not disturb the tenants.

Last Listed By

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 01/17/2018

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,448

Year Built

  • Built in 1983

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Apache Junction High Middle School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 1176
  • Assessor Parcel Number 102-06-077

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10023
  • Palm Springs Unit Eleven Subdivision

Building Details

  • Operating Expense $1,448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,448

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 60/Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2017
  • Directions: North on Idaho to Southern-East to Winchester-North to Quail-East to property on south side.
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT ELEVEN
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Apache Junction High School

Lot Info

  • Lot Size: 10023
  • Additional Parcels: No
  • Parcel #: 102-06-077

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Annual Operating Expense: 1448.0

Tax Info

  • Tax Annual Amount: 1448.0
  • Tax Book Number: 102.00
  • Tax Lot: 1176

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2018
Closed on
Feb 20, 2018
Sold by
Ransom Michele Grondin
Bought by
Grondin Ransom Evelyn Naill and Grondin Ransom Michele
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$246,000
Sold Price
$235,000
Premium/Discount to List
-$11,000
-4.47%
Total Days on Market
21
Current Estimated Value
$510,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,209
Avg. Annual Appreciation
11.33%

Purchase Details

Listed on
Jan 17, 2018
Closed on
Feb 19, 2018
Sold by
Grondin Ransom Evelyn Naill and Grondin Ransom Michele
Bought by
Moose Tracks Ii Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$246,000
Sold Price
$235,000
Premium/Discount to List
-$11,000
-4.47%

Purchase Details

Closed on
Jun 5, 2015
Sold by
Ransom Michele Grondin
Bought by
Evelyn & Michele Ransom Family Living Tr and Ransom Michele Grondin

Purchase Details

Closed on
Aug 24, 2012
Sold by
Ransom Michele Grondin
Bought by
Michele Grondin Trust

Purchase Details

Closed on
Mar 2, 2010
Sold by
Fannie Mae
Bought by
Ransom Michele

Purchase Details

Closed on
Jul 8, 2009
Sold by
Lim Rosalina A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 17, 2004
Sold by
Joesten David J and Joesten Danja
Bought by
Lim Rosalina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,200
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 17, 2004
Sold by
Rich Melvin Ronald and Rich Melvin R
Bought by
Joesten David J and Joesten Danja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,950
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2003
Sold by
Rich Eleanor J
Bought by
Rich Melvin Ronald

Purchase Details

Closed on
Sep 18, 2000
Sold by
Scardino Charles and Scardino Maureen
Bought by
Rich Melvin R and Rich Kathi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 1994
Sold by
Brinton Mark D and Brinton Carol A
Bought by
Scardino Charles and Scardino Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,750
Interest Rate
7.38%
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
Grondin Ransom Evelyn Naill -- Empire West Title Agency Llc
Moose Tracks Ii Llc $235,000 Empire West Title Agency Llc
Evelyn & Michele Ransom Family Living Tr -- None Available
Michele Grondin Trust -- None Available
Ransom Michele $66,150 Lawyers Title Insurance Corp
Federal National Mortgage Association $273,369 None Available
Lim Rosalina A $221,500 --
Joesten David J $170,000 Land Title Agency Of Az Inc
Rich Melvin Ronald -- --
Rich Melvin Ronald -- --
Rich Melvin R $135,000 Chicago Title Insurance Co
Scardino Charles $58,250 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lim Rosalina A $266,700
Previous Owner Lim Rosalina A $177,200
Previous Owner Lim Rosalina A $22,100
Previous Owner Joesten David J $152,950
Previous Owner Rich Melvin R $105,000
Previous Owner Scardino Charles $40,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2018 02/21/18 Sold $235,000 -4.5% $73 / Sq Ft
02/07/2018 02/07/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $246,000 -- $76 / 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 $1,582 $22,784 -- --
2024 $1,493 $23,112 -- --
2023 $1,557 $15,651 $5,011 $10,640
2022 $1,493 $21,835 $5,011 $16,824
2021 $1,521 $20,735 $0 $0
2020 $1,482 $17,013 $0 $0
2019 $1,422 $16,344 $0 $0
2018 $1,393 $8,903 $0 $0
2017 $1,448 $9,054 $0 $0
2016 $1,426 $9,039 $1,100 $7,939
2014 $1,394 $8,152 $1,100 $7,052
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    2 in this area

    52 Total Sales

    James Stephens
    Section Image
  • Morten Pedersen

    Buyer's Agent in 2018

    Morten Pedersen

    Lori Blank & Associates, LLC

    (480) 289-9821

    1 Total Sale

    Morten Pedersen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5711654

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-06-077

Arizona Pinal County Apache Junction 85119

457 E Quail Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 457 E Quail Ave, Apache Junction, AZ 85119 since 17 January 2018 and is currently estimated at $510,209, approximately $157 per square foot. This property was built in 1983. 457 E Quail 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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