Seller's Agent in 2023
Robert Russo
ACE MULLIGAN HOMES
(623) 340-5493
20 Total Sales
506 E Southern Ave Unit 11 Apache Junction, AZ 85119
Apache Junction AreaEstimated Value: $329,000 - $591,636
Studio
--
Bath
--
Sq Ft
10,149
Sq Ft Lot
Highlights
- Cooling Available
- Concrete Flooring
- Heat Pump System
About This Home
As of June 2023This 4-Plex has easy access to Highway 60 in Apache Junction. The exterior of the building was just remodeled this May, as well as, painted.. All facia boards were replaced, as well. The unit has four remodeled secured laundry rooms with easy access. Ample parking in the rear of the building. Each unit has its owned private fenced for privacy. There are FOUR - 2 bedroom units with one bath each.
All units are rented with solid tenants. Cap rate 6.49%
Last Agent to Sell the Property
ACE MULLIGAN HOMES License #BR536241000 Listed on: 05/31/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,385
Year Built
- Built in 1982
Lot Details
- 10,149
Home Design
- Wood Frame Construction
- Composition Roof
Flooring
- Concrete Flooring
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Schools
- Superstition Mountain Elementary School
- Desert Mountain Middle School
- Apache Junction High School
Utilities
- Cooling Available
- Heat Pump System
- Septic Tank
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 1182
- Assessor Parcel Number 102-06-083
Community Details
Overview
- 4 Units
- Building Dimensions are 0.233 acres / 10,133 sqft County Zone
- Palm Springs #11 Lot 1182 Subdivision
Building Details
- Operating Expense $9,890
- Gross Income $47,400
- Net Operating Income $38,895
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2023
Closed on
Jun 27, 2023
Sold by
Bought by
Seller's Agent
Robert Russo
ACE MULLIGAN HOMES
Buyer's Agent
Lethe Lew
Desert River Realty
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Views
7
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
-$51,841
Avg. Annual Appreciation
-3.18%
Purchase Details
Closed on
Nov 23, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,250
Interest Rate
0.0417%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 8, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,250
Interest Rate
0.0417%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 29, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 19, 1998
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $550,000 | Greystone Title | ||
| -- | Security Title Agency | ||
| $63,000 | Security Title Agency | ||
| -- | First American Title Ins Co | ||
| $124,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $47,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/27/2023 06/27/23 | Sold | $550,000 | -8.2% | -- |
| 06/03/2023 06/03/23 | Pending | -- | -- | -- |
| 05/31/2023 05/31/23 | For Sale | $599,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,467 | $21,795 | ||
| 2024 | $1,385 | $21,826 | ||
| 2023 | $1,444 | $14,051 | $5,066 | $8,985 |
| 2022 | $1,385 | $20,385 | $5,066 | $15,319 |
| 2021 | $1,411 | $19,382 | $0 | $0 |
| 2020 | $1,374 | $16,030 | $0 | $0 |
| 2019 | $1,318 | $15,411 | $0 | $0 |
| 2018 | $1,291 | $8,256 | $0 | $0 |
| 2017 | $1,286 | $8,045 | $0 | $0 |
| 2016 | $1,273 | $8,054 | $1,100 | $6,954 |
| 2014 | $1,275 | $7,459 | $1,100 | $6,359 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Russo
-
Jonathan Russo
J
Seller Co-Listing Agent in 2023
Jonathan Russo
ACE MULLIGAN HOMES
(480) 987-3200
17 Total Sales
-
Lethe Lew
Buyer's Agent in 2023
Lethe Lew
Desert River Realty
(602) 226-1238
27 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6562638
APN: 102-06-083
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
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