NOT LISTED FOR SALE

498 E Mesquite Ave Unit 4 Apache Junction, AZ 85119

Estimated Value: $518,000 - $648,263

-- Bed
4 Baths
792 Sq Ft
$727/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $660,000 $833 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,360/month

14 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of June 2022

Great 4-plex rental property with 100% occupancy. All units have 2 bedrooms and 1 bathroom with 700+ SF of living space. Tile flooring throughout. Excellent cash flowing property for an investor or for an owner to occupy one unit and collect rents from the other three.

Last Listed By

Danny Perkinson

Perk Prop Real Estate License #BR626253000 Listed on: 04/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1987

Lot Details

  • Property fronts an alley

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Desert Vista Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1081
  • Assessor Parcel Number 102-26-082

Community Details

Overview

  • 4 Units
  • Building Dimensions are 1-7500
  • Palm Springs Unit Ten Subdivision

Building Details

  • Operating Expense $1,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,781

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: IDAHO AND SOUTHERN
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2021
  • Directions: US 60 NORTH ON IDAHO TO SOUTHERN. EAST(R)ON SOUTHERN TO WINCHESTER. NORTH(L) ON WINCHESTER TO MESQUITE. EAST TO PROPERTY 4 PLEX ON NORTH SIDE OF STREET
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: perk001
  • Co List Office Phone: 480-830-5695
  • Subdivision Name: PALM SPRINGS UNIT TEN
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • 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

Utilities

  • Electric: SRP
  • Cooling: Electric, Individual
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 1-7500
  • Additional Parcels: No
  • Parcel #: 102-26-082

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 4
  • Annual Operating Expense: 1781.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1781.0
  • Tax Book Number: 102.00
  • Tax Lot: 1081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2019
Sold by
Avalanche Investments Llc
Bought by
Wakeham Holdings Llc
Total Days on Market
14
Current Estimated Value
$575,566

Purchase Details

Closed on
Aug 11, 2010
Sold by
Taylor Catherine C and Taylor Scott A
Bought by
Avalanche Investments Llc

Range of Values:

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Average Value
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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
Wakeham Holdings Llc -- None Available
Avalanche Investments Llc $100,000 American Title Service Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avalanche Investments Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $660,000 +1.5% $833 / Sq Ft
06/10/2022 06/10/22 Price Changed $650,000 0.0% $821 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $650,000 -- $821 / 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 $1,853 $29,076 -- --
2024 $1,781 $29,150 -- --
2023 $1,824 $20,464 $5,011 $15,453
2022 $1,749 $26,375 $5,011 $21,364
2021 $1,781 $25,418 $0 $0
2020 $1,735 $19,056 $0 $0
2019 $1,665 $18,734 $0 $0
2018 $1,631 $12,250 $0 $0
2017 $1,587 $12,624 $0 $0
2016 $1,548 $12,560 $1,100 $11,460
2014 $1,467 $8,577 $1,100 $7,477
Source: Public Records

Agents Affiliated with this Home

  • Danny Perkinson

    Seller's Agent in 2022

    Danny Perkinson

    Perk Prop Real Estate

    (480) 247-1153

    16 in this area

    114 Total Sales

    Danny Perkinson
    Section Image
  • Chantel Gutierrez-Davis

    Seller Co-Listing Agent in 2022

    Chantel Gutierrez-Davis

    Rise 24 Real Estate LLC

    (480) 636-9896

    17 in this area

    348 Total Sales

    Chantel Gutierrez-Davis
    Section Image
  • Mark Palacio

    Buyer's Agent in 2022

    Mark Palacio

    Citiea

    (602) 770-0292

    2 in this area

    61 Total Sales

    Mark Palacio
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6390574

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-082

Arizona Pinal County Apache Junction 85119

498 E Mesquite Ave Unit 4, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 498 E Mesquite Ave Unit 4, Apache Junction, AZ 85119 since 29 April 2022 and is currently estimated at $575,566, approximately $726 per square foot. This property was built in 1987. 498 E Mesquite Ave Unit 4 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