NOT LISTED FOR SALE

494 E Kachina Ave Apache Junction, AZ 85119

Estimated Value: $524,967

-- Bed
-- Bath
3,168 Sq Ft
$166/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $299,000 $94 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,068/month

2 Days on Market

About This Home

As of August 2019

This four-plex is fully occupied. New roof one HVAC units recently updated.
Room for rent increase in these units and still can stay just under market rents to stay attractive to tenants.
Financials available on both actual and forecast with improvements and rent changes.

Last Listed By

Mark Sumstine

Realty ONE Group License #SA632021000 Listed on: 07/05/2019

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1987

Lot Details

  • 10,019

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for landscaping
  • Tax Lot 1017
  • Assessor Parcel Number 102-26-018

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $13,257
  • Gross Income $25,743
  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,462

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Idaho Road & 16th Ave
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1987
  • Tax Year: 2018
  • Directions: East on 16th Ave, South on Winchester Road, East on Kachina Ave. Property on North Side of Kachina Ave.
  • Road Surface Type: Gravel, Dirt, Asphalt, Sidewalk(s), Alley
  • Professional Management Expense: 2844.69
  • Co List Office Mls Id: reog14
  • Co List Office Phone: 480-285-0000
  • 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, Block
  • Roof: Composition
  • Construction:Block: 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, Individual Meter
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-26-018

Multi Family

  • Owner Pays: Landscaping, None
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25742.76
  • Insurance Expense: 1200.0
  • Maintenance Expense: 4750.0
  • Property Net Operating Income: 21600.0
  • Annual Operating Expense: 13256.69
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1462.0
  • Tax Book Number: 102.00
  • Tax Lot: 1017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2019
Closed on
Sep 5, 2019
Sold by
Roebke Jeffrey
Bought by
Striker 82 Llc
Seller's Agent
Mark Sumstine
Realty ONE Group
Buyer's Agent
Mike Ross
HomeSmart
List Price
$300,000
Sold Price
$299,000
Premium/Discount to List
-$1,000
-0.33%
Total Days on Market
2
Current Estimated Value
$524,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,967
Avg. Annual Appreciation
9.61%
Original Mortgage
$224,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2019
Closed on
Jul 24, 2019
Sold by
Desert Sun & Sand Real Estate Ventures L
Bought by
Roebke Jeffrey
Seller's Agent
Mark Sumstine
Realty ONE Group
Buyer's Agent
Mike Ross
HomeSmart
List Price
$300,000
Sold Price
$299,000
Premium/Discount to List
-$1,000
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2019
Closed on
Jul 22, 2019
Sold by
Roebke Jennifer L
Bought by
Roebke Jeffrey
Seller's Agent
Mark Sumstine
Realty ONE Group
Buyer's Agent
Mike Ross
HomeSmart
List Price
$300,000
Sold Price
$299,000
Premium/Discount to List
-$1,000
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2017
Sold by
Groppo Kelly B
Bought by
Desert Sun & Sand Real Estate Ventures L

Purchase Details

Closed on
Mar 12, 2014
Sold by
Groppo Salvatore
Bought by
The Groppo Revocable Living Trust

Purchase Details

Closed on
Mar 7, 2013
Sold by
Groppo Kelly
Bought by
Groppo Salvatoire

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2005
Sold by
Montford Terrie J
Bought by
Groppo Sal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2003
Sold by
Montford Richard M
Bought by
Montford Terrie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,080
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

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
Striker 82 Llc $299,000 None Available
Roebke Jeffrey $299,000 Premier Title Agency
Roebke Jeffrey -- Premier Title Agency
Desert Sun & Sand Real Estate Ventures L -- None Available
The Groppo Revocable Living Trust -- None Available
Groppo Salvatoire -- Pioneer Title Agency Inc
Groppo Salvatore -- Pioneer Title Agency Inc
Groppo Sal $192,500 Capital Title Agency Inc
Montford Terrie J -- American Title Ins Agency Az
Montford Terrie J $141,200 American Title Ins Agency Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roebke Jeffrey $224,250
Previous Owner Groppo Salvatore $165,000
Previous Owner Groppo Salvatore $180,600
Previous Owner Groppo Sal $154,000
Previous Owner Montford Terrie J $127,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $299,000 -0.3% $94 / Sq Ft
08/01/2019 08/01/19 Price Changed $300,000 0.0% $95 / Sq Ft
07/06/2019 07/06/19 Pending -- -- --
07/04/2019 07/04/19 For Sale $300,000 -- $95 / 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 $1,878 $29,244 -- --
2024 $1,772 $29,307 -- --
2023 $1,848 $20,600 $5,011 $15,589
2022 $1,772 $26,472 $5,011 $21,461
2021 $1,805 $25,508 $0 $0
2020 $1,759 $19,136 $0 $0
2019 $1,687 $18,808 $0 $0
2018 $1,462 $12,317 $0 $0
2017 $1,425 $12,687 $0 $0
2016 $1,569 $12,622 $1,100 $11,522
2014 $1,486 $8,694 $1,100 $7,594
Source: Public Records

Agents Affiliated with this Home

  • Mark Sumstine

    Seller's Agent in 2019

    Mark Sumstine

    Realty One Group

    (602) 828-0684

    41 Total Sales

    Mark Sumstine
    Section Image
  • Susan Del Pozzo

    Seller Co-Listing Agent in 2019

    Susan Del Pozzo

    Realty One Group

    (480) 285-0000

    105 Total Sales

    Susan Del Pozzo
    Section Image

  • M

    Buyer's Agent in 2019

    Mike Ross

    HomeSmart

    (480) 262-6000

    3 in this area

    11 Total Sales

    Mike Ross
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5948384

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-018

Arizona Pinal County Apache Junction 85119

494 E Kachina Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 494 E Kachina Ave, Apache Junction, AZ 85119 since 05 July 2019 and is currently priced at $524,967, approximately $165 per square foot. This property was built in 1987. 494 E Kachina 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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