NOT LISTED FOR SALE

Estimated Value: $502,240

Studio
-- Baths
3,168 Sq Ft
$159/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2019

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

Est. 68% increase in value since last sale

Current estimated payment $2,993 / mo

2 Days on Market

Highlights

  • Breakfast Bar
  • Ceramic Tile Flooring
  • Heating Available

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 Agent to Sell the Property

Mark Sumstine

Realty ONE Group Brokerage Phone: 602-828-0684 License #SA632021000 Listed on: 07/04/2019

Realty ONE Group

Co-Listed By

Susan Del Pozzo

RETSY Brokerage Phone: 602-828-0684 License #SA536777000

Last Buyer's Agent

Mike Ross

HomeSmart License #BR560183000

HomeSmart
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1987

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available

Additional Features

  • Breakfast Bar
  • Ceramic Tile Flooring
  • Dirt Road

Listing and Financial Details

  • Tenant pays for water, electricity, trash collection, 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 Sq Ft Lot

Listing Details

  • Cross Street: Idaho Road & 16th Ave
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Dirt, Gravel
  • Professional Management Expense: 2844.69
  • Co List Office Mls Id: reog14
  • Co List Office Phone: 480-285-0000
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Electric
  • Road Surface Type:Road Surface Type: Asphalt, Dirt, Gravel
  • Electric:Electric: Individual Meter, SRP
  • Sale Includes:Sale Includes: Land & Building, Personal Property
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Interior Features:Interior Features: Breakfast Bar

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Composition
  • Exterior Amenities: Sidewalk(s)

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Electric
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

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

Multi Family

  • Owner Pays: Landscaping, None
  • Tenant Pays: Water, Electricity, Trash Collection, 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 Lot: 1017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2019
Closed on
Sep 5, 2019
Sold by
Roebke Jeffrey
Bought by
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%
Current Estimated Value
$502,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,240
Avg. Annual Appreciation
7.53%
Original Mortgage
$224,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 4, 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 4, 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 Sal
Bought by
Groppo Salvatore

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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 Salvatore -- Pioneer Title Agency Inc
Groppo Salvatoire -- Pioneer Title Agency Inc
Groppo Sal $192,500 Capital Title Agency Inc
Montford Terrie J $141,200 American Title Ins Agency Az
Montford Terrie J -- American Title Ins Agency Az
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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

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