J
Seller's Agent in 2019
Jake Allen
Tradelands Realty
(480) 610-6833
48 Total Sales
503 E Montebello Ave Apache Junction, AZ 85119
Estimated Value: $499,000 - $509,000
--
Bed
--
Bath
2,880
Sq Ft
$175/Sq Ft
Est. Value
About This Home
As of March 2019GREAT INVESTMENT WITH GREAT VALUE ADD OPPORTUNITY - RENTS SHOULD BE INCREASED BY AT LEAST $75 PER UNIT. MOST OF THE UNITS ARE MONTH TO MONTH SO THIS CAN BE DONE QUICKLY: TENANTS ALL PAY THEIR OWN WATER AND ELECTRIC. WELL KEPT, 4-PLEX IN EXCELLENT CONDITION. FULLY RENTED. ALL UNITS HAVE NEW A/C INSTALLED BETWEEN 2013 TO 2015. TILE THROUGHOUT ALL UNITS.EACH UNIT HAS ITS OWN PRIVATE FENCED YARD AND PRIVATE STORAGE UNIT. LOTS OF PARKING FOR TENANTS. NOTE: OWNER IS ALSO SELLING 4-PLEX AT (471 E. MONTEBELLO.) GREAT OPPORTUNITY FOR OWNER TO PURCHASE 8 UNITS TOGETHER. TENANTS PAYS OWNER WATER AND ELECTRIC!!! **Numbers listed under expenses on MLS are for self managing buyers/owners**
Last Agent to Sell the Property
Tradelands Realty License #SA569290000 Listed on: 01/07/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,200
Year Built
- Built in 1982
Lot Details
- 10,019
Home Design
- Wood Frame Construction
- Stucco
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for water, cable TV
- The owner pays for landscaping
- Tax Lot 1447
- Assessor Parcel Number 102-25-048
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- Palm Springs Unit 14 Subdivision
Building Details
- Operating Expense $3,400
- Gross Income $26,976
- Net Operating Income $21,376
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2019
Closed on
Mar 13, 2019
Sold by
Tlw Land Holdings Llc
Bought by
Mercedes Investment Co Llc
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Austin Foley
West USA Realty
List Price
$309,900
Sold Price
$290,000
Premium/Discount to List
-$19,900
-6.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,477
Avg. Annual Appreciation
9.52%
Purchase Details
Closed on
Feb 4, 2018
Sold by
Wengert Terry E
Bought by
Tlw Land Holdings Llc
Purchase Details
Listed on
Nov 14, 2016
Closed on
Jan 19, 2017
Sold by
Davis Ronald G and Davis Lois J
Bought by
Wengert Terry E
Seller's Agent
Robert Sanguigni
DPR Realty LLC
Buyer's Agent
Jake Allen
Tradelands Realty
List Price
$229,900
Sold Price
$205,000
Premium/Discount to List
-$24,900
-10.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.60%
Original Mortgage
$153,750
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 6, 2010
Sold by
Casa Bella Properties Llc
Bought by
Davis Ronald G and Davis Lois J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,625
Interest Rate
4.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 30, 2010
Sold by
Jerome David H
Bought by
Casa Bella Properties
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
4.79%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 30, 2005
Sold by
Jerome David H
Bought by
Spin Off Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 8, 2005
Sold by
Jerome Elizabeth A
Bought by
Jerome David H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jul 29, 2005
Sold by
Jerome David H and Jerome Elizabeth A
Bought by
Spin Off Properties Llc
Purchase Details
Closed on
Jun 10, 2004
Sold by
Mls Property Iv Llc
Bought by
Jerome David H and Jerome Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,250
Interest Rate
7.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2004
Sold by
Smith Michael L
Bought by
Mls Property Iv Llc
Purchase Details
Closed on
Mar 18, 2003
Sold by
Corriveau Norman H
Bought by
Smith Michael L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.79%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 17, 1998
Sold by
Corriveau Norman H
Bought by
Norman H Corriveau Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mercedes Investment Co Llc | $290,000 | Great American Ttl Agcy Inc | |
| Tlw Land Holdings Llc | -- | None Available | |
| Wengert Terry E | $205,000 | Empire West Title Agency | |
| Davis Ronald G | $91,500 | Security Title Agency | |
| Casa Bella Properties | $80,300 | Fidelity National Title | |
| Spin Off Properties Llc | -- | None Available | |
| Jerome David H | -- | First American Title Insuran | |
| Jerome David H | -- | First American Title Insuran | |
| Spin Off Properties Llc | -- | First American Title Insuran | |
| Jerome David H | $205,700 | First American Title Insuran | |
| Mls Property Iv Llc | -- | Ticor Title Agency Of Az Inc | |
| Smith Michael L | $161,000 | American Title Ins Agency Az | |
| Norman H Corriveau Living Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wengert Terry E | $153,750 | |
| Previous Owner | Davis Ronald G | $68,625 | |
| Previous Owner | Casa Bella Properties Llc | $63,000 | |
| Previous Owner | Jerome David H | $262,500 | |
| Previous Owner | Jerome David H | $154,250 | |
| Previous Owner | Smith Michael L | $136,000 | |
| Closed | Jerome David H | $30,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2019 03/25/19 | Sold | $290,000 | -3.3% | $101 / Sq Ft |
| 02/24/2019 02/24/19 | Pending | -- | -- | -- |
| 01/17/2019 01/17/19 | Price Changed | $299,900 | -3.2% | $104 / Sq Ft |
| 01/07/2019 01/07/19 | For Sale | $309,900 | +51.2% | $108 / Sq Ft |
| 02/20/2017 02/20/17 | Sold | $205,000 | -10.8% | $71 / Sq Ft |
| 11/21/2016 11/21/16 | For Sale | $229,900 | +12.1% | $80 / Sq Ft |
| 11/16/2016 11/16/16 | Off Market | $205,000 | -- | -- |
| 11/14/2016 11/14/16 | For Sale | $229,900 | -- | $80 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $21,843 | -- | -- |
| 2024 | $1,273 | $21,863 | -- | -- |
| 2023 | $1,328 | $14,130 | $5,014 | $9,116 |
| 2022 | $1,273 | $19,495 | $5,014 | $14,481 |
| 2021 | $1,297 | $18,543 | $0 | $0 |
| 2020 | $1,263 | $13,377 | $0 | $0 |
| 2019 | $1,212 | $17,457 | $0 | $0 |
| 2018 | $1,187 | $7,896 | $0 | $0 |
| 2017 | $1,156 | $7,688 | $0 | $0 |
| 2016 | $1,127 | $7,685 | $1,100 | $6,585 |
| 2014 | $1,068 | $6,245 | $1,100 | $5,145 |
Source: Public Records
Agents Affiliated with this Home
-
Jake Allen
-
Austin Foley
A
Buyer's Agent in 2019
Austin Foley
West USA Realty
(480) 336-2900
18 Total Sales
-
Robert Sanguigni
R
Seller's Agent in 2017
Robert Sanguigni
DPR Realty
(480) 994-0800
28 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5864361
APN: 102-25-048
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.
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
Nearby Homes
- 656 E Mesquite Ave
- 501 E Kachina Ave
- 655 E Hondo Ave
- 1559 S Padre Rd
- 1531 S Padre Rd
- 1843 S Papago Dr
- 2395 S Arizona Rd
- 1358 S Royal Palm Rd
- 1819 S Coconino Dr
- 2226 S Coconino Dr
- 2002 S Apache Dr
- 2277 S Apache Dr Unit 7
- 1019 E Granada Ave
- 538 E Estevan Ave
- 265 W 17th Ave
- 610 E Estevan Ave
- 800 E Estevan Ave Unit 33
- 1357 S Kiowa Dr Unit 357
- 1985 S Plaza Dr
- 930 E Friar Ave
- 503 E Montebello Ave
- 521 E Montebello Ave
- 471 E Montebello Ave
- 504 E Montebello Ave
- 528 E Navajo Ave Unit 3
- 528 E Navajo Ave Unit 2
- 528 E Navajo Ave
- 476 E Navajo Ave
- 478 E Montebello Ave
- 526 E Montebello Ave
- 435 E Montebello Ave Unit 14
- 435 E Montebello Ave Unit 4
- 435 E Montebello Ave
- 564 E Navajo Ave
- 444 E Navajo Ave
- 540 E Montebello Ave
- 450 E Montebello Ave
- 579 E Montebello Ave
- 415 E Montebello Ave
- 586 E Navajo Ave