NOT LISTED FOR SALE

480 E Hondo Ave Apache Junction, AZ 85119

Estimated Value: $412,000 - $562,000

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

Last Sold May 26, 2017

Last sale price $212,000 $74 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,457/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 WITH STORAGE/SEPARATE LAUNDRY ROOMS, PARKING IN BACK. BRAND NEW ROOF JULY 2015. OWNERS ALSO SELLING 4-PLEX, 440 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

  • $1,023

Year Built

  • Built in 1982

Lot Details

  • 9,583

Home Design

  • Wood Frame Construction
  • Foam Roof

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

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 41
  • Assessor Parcel Number 102-03-349

Community Details

Overview

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

Building Details

  • Operating Expense $5,283
  • Gross Income $25,764
  • Net Operating Income $20,481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,023

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 Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT SEVEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, 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, Slump Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: 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

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: 2400.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-03-349

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25764.0
  • Insurance Expense: 872.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 20481.0
  • Annual Operating Expense: 5283.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1023.0
  • Tax Book Number: 102.00
  • Tax Lot: 41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2018
Sold by
Hancock Bergquist Anna M
Bought by
Bergquist Steven A and Hancock Bergquist Anna
Current Estimated Value
$452,921

Purchase Details

Listed on
Dec 23, 2016
Closed on
May 23, 2017
Sold by
Cossette Michael J and Cossette Linda K
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
$212,000
Premium/Discount to List
-$18,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$157,500
Outstanding Balance
$130,909
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$322,012

Purchase Details

Listed on
Dec 23, 2016
Closed on
May 19, 2017
Sold by
Bergquist Steven A and Hancock Bergquist Anna M
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
$212,000
Premium/Discount to List
-$18,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$130,909
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$322,012

Purchase Details

Closed on
Oct 7, 2003
Sold by
Streiff George E
Bought by
Cossette Michael J and Cossette Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,450
Interest Rate
6.14%
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
Bergquist Steven A -- Accommodation
Hancock Bergquist Anna M $212,000 Canyon Title Ag
Hancock Bergquist Anna M -- Grand Canyon Title Agcy
Cossette Michael J $158,100 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hancock Bergquist Anna M $157,500
Closed Hancock Bergquist Anna M $159,000
Previous Owner Cossette Michael J $126,450
Closed Cossette Michael J $31,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold $212,000 -7.8% $74 / 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 $12,633 $4,894 $7,739
2021 $1,175 $12,396 $0 $0
2020 $1,145 $12,515 $0 $0
2019 $1,098 $15,973 $0 $0
2018 $1,076 $6,878 $0 $0
2017 $1,071 $6,699 $0 $0
2016 $1,033 $6,712 $1,100 $5,612
2014 $1,075 $6,645 $1,500 $5,145
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Linda Cossette

    RE/MAX

    Section Image

  • S

    Buyer's Agent in 2017

    Steven Bergquist

    Realty One Group

    (480) 777-4500

    Steven Bergquist
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5538888

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-03-349

Arizona Pinal County Apache Junction 85119

480 E Hondo Ave, Apache Junction, AZ

Not Listed for Sale

MultiFamily

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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