NOT LISTED FOR SALE

501 E Quail Ave Apache Junction, AZ 85119

Estimated Value: $518,000 - $567,000

-- Bed
-- Bath
3,024 Sq Ft
$181/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $365,000 $121 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,126/month

42 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of August 2020

This four plex is a great opportunity. All units are rented with three of them being long term rentals. These two bedroom units each have their own laundry room. All units rent for 750 a month. Two of the units have newer AC units. This property has recently been painted and roof has been recoated. Tenant occupied so this is drive by only.

Last Listed By

Angela Larson

Keller Williams Realty Phoenix License #SA524620000 Listed on: 06/17/2020

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,035

Year Built

  • Built in 1983

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

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
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV, landscaping
  • Tax Lot 1175
  • Assessor Parcel Number 102-06-076

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Palm Springs Unit Eleven Subdivision

Building Details

  • Operating Expense $1,835

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,035

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Idaho & Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2019
  • Directions: Hwy 60 east to Idaho Rd, North to Southern, East to Wichester, North to Quail, East to property
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: PALM SPRINGS UNIT ELEVEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • 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:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Trash Expense: 800.0

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: Unknown
  • Additional Parcels: No
  • Parcel #: 102-06-076

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 1835.0

Tax Info

  • Tax Annual Amount: 1035.0
  • Tax Book Number: 102.00
  • Tax Lot: 1175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Aug 27, 2020
Sold by
Hugh Wooyoung
Bought by
Koo Kyungmo
Seller's Agent
Angela Larson
Keller Williams Realty Phoenix
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%
Total Days on Market
42
Current Estimated Value
$546,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,564
Avg. Annual Appreciation
8.54%
Original Mortgage
$273,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2020
Closed on
Aug 26, 2020
Sold by
Superstition Investments Llc
Bought by
Koo Kyungmo
Seller's Agent
Angela Larson
Keller Williams Realty Phoenix
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2014
Sold by
Enyart Jason D and Enyart Trudy J
Bought by
Superstition Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2013
Closed on
Dec 13, 2013
Sold by
Fannie Mae
Bought by
Superstition Investments Llc
Seller's Agent
Timothy Loria
JK Realty
Buyer's Agent
Angela Larson
Keller Williams Realty Phoenix
List Price
$170,000
Sold Price
$115,000
Premium/Discount to List
-$55,000
-32.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.46%

Purchase Details

Closed on
Aug 21, 2012
Sold by
Metlife Home Loans
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 12, 2012
Sold by
Sommer Steve D and Sommer Jennifer L
Bought by
Metlife Home Loans

Purchase Details

Closed on
Jun 12, 2001
Sold by
Scardino Charles A and Scardino Maureen
Bought by
Sommer Steve D and Sommer Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,400
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 1997
Sold by
Scardino Charles A and Scardino Maureen
Bought by
Scardino Charles A and Scardino Maureen

Purchase Details

Closed on
Feb 4, 1994
Sold by
Brinton Mark D and Brinton Carol A
Bought by
Scardino Charles A and Scardino Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,864
Interest Rate
7.38%
Mortgage Type
FHA

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
Koo Kyungmo -- Title Alliance Of Az Agcy Ll
Koo Kyungmo $365,000 Title Alliance Of Az Agcy Ll
Superstition Investments Llc -- Stewart Title & Trust Of Pho
Enyart Jason D -- Stewart Title & Trust Of Pho
Superstition Investments Llc $115,000 Old Republic Title Agency
Federal National Mortgage Association -- None Available
Metlife Home Loans $129,429 Accommodation
Sommer Steve D $139,350 Capital Title Agency
Scardino Charles A -- --
Scardino Charles A $58,250 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koo Kyungmo $367,500
Closed Koo Kyungmo $273,750
Previous Owner Enyart Jason D $125,000
Previous Owner Sommer Steve D $127,500
Previous Owner Sommer Steve D $125,400
Previous Owner Scardino Charles A $58,864
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $365,000 -3.7% $121 / Sq Ft
08/31/2020 08/31/20 For Sale $379,000 0.0% $125 / Sq Ft
08/31/2020 08/31/20 Price Changed $379,000 0.0% $125 / Sq Ft
06/17/2020 06/17/20 For Sale $379,000 +229.6% $125 / Sq Ft
12/17/2013 12/17/13 Sold $115,000 -32.4% $38 / Sq Ft
11/25/2013 11/25/13 Pending -- -- --
06/06/2013 06/06/13 For Sale $170,000 -- $56 / 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 $1,152 $21,679 -- --
2024 $1,107 $21,958 -- --
2023 $1,134 $14,629 $5,011 $9,618
2022 $1,087 $16,459 $5,011 $11,448
2021 $1,107 $15,715 $0 $0
2020 $1,079 $13,217 $0 $0
2019 $1,035 $12,757 $0 $0
2018 $1,014 $6,482 $0 $0
2017 $1,064 $6,657 $0 $0
2016 $1,074 $6,720 $1,100 $5,620
2014 $1,145 $6,698 $1,100 $5,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6092012

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-06-076