$115,000
SOLD DEC 17, 2013

501 E Quail Ave Apache Junction, AZ 85119

-- Bed
-- Bath
3,024 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$38 Per Sq Ft

32% Below List Price

172 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of August 2020

Roll in the dough with this great investment property. Consisting of 4 units total, all are two bedroom one bath,with a kitchen and living area. Each unit has it's own special charm. There is tons of potential for this fourplex. Close to shopping, freeways, & more. Listing info to be verified by buyer & not guaranteed by listing agent.

Last Agent to Sell the Property

Timothy Loria

JK Realty License #BR556032000 Listed on: 06/06/2013

JK Realty

Co-Listed By

Martha Sanchez

HomeSmart License #SA575187000

Last Buyer's Agent

Angela Larson

Keller Williams Realty Phoenix License #SA524620000

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,739

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • G. Frank Davidson Elementary 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

Building Details

  • Operating Expense $1,739

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,739

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: 2012
  • 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)
  • Co List Office Mls Id: ropo002
  • Co List Office Phone: 480-987-1966
  • Special Features: VirtualTour
  • 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

Schools

  • Elementary School: G. Frank Davidson
  • Junior High Dist: Apache Junction Unified District

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: 1739.0

Tax Info

  • Tax Annual Amount: 1739.0
  • 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%
Current Estimated Value
$542,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,201
Avg. Annual Appreciation
8.55%
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
14.36%

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
Source: Public Records

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 Type Sale Price Title Company
Interfamily Deed Transfer -- Title Alliance Of Az Agcy Ll
Warranty Deed $365,000 Title Alliance Of Az Agcy Ll
Warranty Deed -- Stewart Title & Trust Of Pho
Warranty Deed -- Stewart Title & Trust Of Pho
Cash Sale Deed $115,000 Old Republic Title Agency
Quit Claim Deed -- None Available
Trustee Deed $129,429 Accommodation
Warranty Deed $139,350 Capital Title Agency
Interfamily Deed Transfer -- --
Warranty Deed $58,250 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $367,500 New Conventional
Closed $273,750 New Conventional
Previous Owner $125,000 New Conventional
Previous Owner $127,500 Unknown
Previous Owner $125,400 New Conventional
Previous Owner $58,864 FHA
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: 4948354

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-06-076