NOT LISTED FOR SALE

501 E Kachina Ave Apache Junction, AZ 85119

Estimated Value: $464,591

-- Bed
-- Bath
2,880 Sq Ft
$161/Sq Ft Est. Value

Last Sold January 14, 2013

Last sale price $150,000 $52 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $2,578/month

12 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Ceramic Tile Flooring

About This Home

As of January 2013

Great Investment Opportunity! Fully Leased 4 Plex. All units have newer paint, blinds, ceramic tile, and carpet. Same owner also has 438 E. Kachina and 1667 S. Winchester for sale. Drive by only. DO NOT DISTURB TENANTS. They are unaware of sale. Upon fully executed contract inspection is available. Please waive SPDS and CLUE.

Last Listed By

Neal Yukolis

My Home Group Real Estate License #SA627357000 Listed on: 12/21/2012

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,560

Year Built

  • Built in 1982

Lot Details

  • 10,019

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for trash collection, electricity, cable TV
  • The owner pays for water
  • Tax Lot 1041
  • Assessor Parcel Number 102-26-042

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr
  • Palm Springs Subdivision

Building Details

  • Operating Expense $3,760
  • Gross Income $23,484
  • Net Operating Income $22,084

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,560

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Southern and Winchester
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2011
  • Directions: From US60 and Idaho, North to Southern, East to Winchester, North to Kachina, East to Address
  • Road Surface Type: Asphalt
  • Subdivision Name: Palm Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • 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
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

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

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 102-26-042

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 23484.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 22084.0
  • Annual Operating Expense: 3760.44
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1560.44
  • Tax Book Number: 102.00
  • Tax Lot: 1041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2019
Sold by
Cestnik Donald Franklin and Kaumo Leonard A
Bought by
Cestnik Donald Franklin
Total Days on Market
12
Current Estimated Value
$464,591

Purchase Details

Listed on
Dec 21, 2012
Closed on
Jan 11, 2013
Sold by
Residential Rentals Llc
Bought by
Cestnik Don
Seller's Agent
Neal Yukolis
My Home Group Real Estate
Buyer's Agent
Will Fry
Arizona Realty Shop
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%

Purchase Details

Listed on
Dec 21, 2012
Closed on
Dec 31, 2012
Sold by
Az Apartment Rentals Llc
Bought by
Residential Rentals
Seller's Agent
Neal Yukolis
My Home Group Real Estate
Buyer's Agent
Will Fry
Arizona Realty Shop
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Purchase Details

Closed on
Apr 15, 2010
Sold by
On Time Properties Llc
Bought by
Az Apartment Rentals Llc

Purchase Details

Closed on
Nov 17, 2008
Sold by
Edwards Bonique
Bought by
On Time Properties Llc

Purchase Details

Closed on
Oct 31, 2007
Sold by
Edwards Bonique
Bought by
Apex Properties Llc

Purchase Details

Closed on
Aug 21, 2003
Sold by
Miles Theodore J and Miles Darlene A
Bought by
Binjrajka Vinay and Binjarajka Vithika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
4.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 24, 1998
Sold by
Scardino Charles A and Scardino Maureen
Bought by
Miles Theodore J and Miles Darlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,150
Interest Rate
6.9%

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
Cestnik Donald Franklin -- None Available
Cestnik Don $150,000 Security Title Agency
Residential Rentals $123,000 None Available
Az Apartment Rentals Llc $123,000 None Available
On Time Properties Llc $102,001 None Available
Apex Properties Llc -- None Available
Binjrajka Vinay $172,000 Capital Title Agency Inc
Miles Theodore J $116,850 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwards Bonique $272,000
Previous Owner Edwards Bonique $34,000
Previous Owner Binjrajka Vinay $137,600
Previous Owner Miles Theodore J $105,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2013 01/14/13 Sold $150,000 +0.1% $52 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $149,900 -- $52 / 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 $1,349 $21,730 -- --
2024 $1,273 $21,748 -- --
2023 $1,328 $14,037 $0 $0
2022 $1,273 $20,017 $5,012 $15,005
2021 $1,297 $19,044 $0 $0
2020 $1,263 $13,755 $0 $0
2019 $1,212 $13,160 $0 $0
2018 $1,187 $8,142 $0 $0
2017 $1,156 $7,926 $0 $0
2016 $1,127 $7,919 $1,100 $6,819
2014 $1,068 $6,245 $1,100 $5,145
Source: Public Records

Agents Affiliated with this Home

  • Neal Yukolis

    Seller's Agent in 2013

    Neal Yukolis

    My Home Group Real Estate

    (480) 215-0292

    3 Total Sales

    Neal Yukolis
    Section Image

  • W

    Buyer's Agent in 2013

    Will Fry

    Arizona Realty Shop

    (480) 686-3336

    5 Total Sales

    Will Fry
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4865573

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-042

Arizona Pinal County Apache Junction 85119

501 E Kachina Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 501 E Kachina Ave, Apache Junction, AZ 85119 since 21 December 2012 and is currently priced at $464,591, approximately $161 per square foot. This property was built in 1982. 501 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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