NOT LISTED FOR SALE

503 E Peppertree Ave Apache Junction, AZ 85119

Estimated Value: $537,167 - $590,000

-- Bed
-- Bath
3,548 Sq Ft
$159/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $245,000 $69 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $3,324/month

546 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Community Barbecue Grill
  • Ceiling Fan

About This Home

As of March 2015

One of the best looking fourplexes in town. The owner has spared no expense keeping this one shipshape. 100% occupied on annual leases. Great location in central Apache Junction. Close to schools, shopping and US 60. This newer turnkey fourplex can appeal to the homeowner who desires the ability to reduce their mortgage payments by having a rental income or the investor looking for a money maker. The property features two bedroom/one bath units with w/d hook-ups. Room to grow monthly rents. Tenants pay electricity and TV. Low maintenance desert landscaping with shrubs and mature trees. Motivated seller willing to look at all reasonable offers!

Last Listed By

Scott Bartlowe

Better Homes & Gardens Real Estate SJ Fowler License #BR573483000 Listed on: 09/10/2013

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,927

Year Built

  • Built in 2002

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Private Water Source

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1145
  • Assessor Parcel Number 102-06-046

Community Details

Overview

  • 4 Units
  • Building Dimensions are 92 X 109
  • Palm Springs Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $8,227
  • Gross Income $27,000
  • Net Operating Income $18,533

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,927

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: Southern Ave and Winchester Rd
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2002
  • Tax Year: 2013
  • Directions: From US 60 and Idaho proceed north to Southern Ave. Turn right (east) and proceed 1/4 mile to Winchester. Turn left (north) and proceed to Peppertree. Turn right (east) on Peppertree.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Palm Springs
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, Free, Assigned, >1 Space Per Unit, On Street
  • 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 Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1560.0

Schools

  • 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: 92 X 109
  • Additional Parcels: No
  • Parcel #: 102-06-046

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 240.0
  • Annual Gross Income: 27000.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 18533.0
  • Annual Operating Expense: 8227.0

Tax Info

  • Tax Annual Amount: 2927.0
  • Tax Book Number: 102.00
  • Tax Lot: 1145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2013
Closed on
Mar 24, 2015
Sold by
Garcia Steve
Bought by
Alisal Valley Llc
Seller's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%
Total Days on Market
546
Current Estimated Value
$564,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,042
Avg. Annual Appreciation
8.59%

Purchase Details

Closed on
Oct 6, 2003
Sold by
Beeman Michael R and Beeman Sandi Y
Bought by
Garcia Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 17, 2002
Sold by
Cheney Development
Bought by
Beeman Michael R and Beeman Sandi Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2002
Sold by
Beeman Virginia
Bought by
Beeman Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
5.86%
Mortgage Type
New Conventional

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
Alisal Valley Llc $245,000 Empire West Title Agency
Garcia Steve $250,000 Ticor Title Agency Az Inc
Beeman Michael R $249,000 Capital Title Agency Inc
Cheney Development -- Capital Title Agency Inc
Beeman Michael R -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Steve $138,750
Previous Owner Garcia Steve $15,000
Previous Owner Garcia Steve $160,000
Previous Owner Beeman Michael R $199,200
Closed Beeman Michael R $24,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2015 03/31/15 Sold $245,000 -1.6% $69 / Sq Ft
03/10/2015 03/10/15 Pending -- -- --
09/10/2013 09/10/13 For Sale $249,000 -- $70 / 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 $2,363 $36,770 -- --
2024 $2,231 $37,363 -- --
2023 $2,327 $26,947 $5,012 $21,935
2022 $2,231 $26,393 $5,012 $21,381
2021 $2,272 $26,274 $0 $0
2020 $2,214 $25,269 $0 $0
2019 $2,124 $24,410 $0 $0
2018 $2,080 $19,377 $0 $0
2017 $2,025 $19,081 $0 $0
2016 $1,975 $18,507 $1,100 $17,407
2014 -- $10,942 $1,100 $9,842
Source: Public Records

Agents Affiliated with this Home

  • Scott Bartlowe

    Seller's Agent in 2015

    Scott Bartlowe

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    9 in this area

    41 Total Sales

    Scott Bartlowe
    Section Image
  • Morten Pedersen

    Buyer's Agent in 2015

    Morten Pedersen

    Lori Blank & Associates, LLC

    (480) 289-9821

    1 Total Sale

    Morten Pedersen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4996370

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-06-046

Arizona Pinal County Apache Junction 85119

503 E Peppertree Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 503 E Peppertree Ave, Apache Junction, AZ 85119 since 10 September 2013 and is currently estimated at $564,042, approximately $158 per square foot. This property was built in 2002. 503 E Peppertree 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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