NOT LISTED FOR SALE

508 E Friar Ave Apache Junction, AZ 85119

Estimated Value: $360,000 - $458,000

-- Bed
-- Bath
1,839 Sq Ft
$222/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $395,000 $215 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,378/month

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of August 2022

Large single level, slump block duplex on an oversized lot with mountain views. Great duplex to live in one side and rent the other. This property has been lived in by the owner and family for over 28 years and sows pride of ownership. Unit 1 is a 2 bedroom/2 bath unit and Unit 2 is a 1 bedroom/1 bath unit. Each unit has an attached carport, individual laundry room, newer appliances, spacious living room and bedroom(s). The backyard desert landscape for easy maintenance could be divided for large individual yards. The windows were replaced in the last couple of years, AC units serviced as needed. A 2 year Roof/AC maintenance agreement negotiable with accepted contract. Close to freeway, hospital, shopping and entertainment. Buyer or buyer's agent to verify all facts and figures

Last Listed By

Heather Cates

HC Realty License #BR539874000 Listed on: 06/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,321

Year Built

  • Built in 1979

Lot Details

  • 9,148

Home Design

  • Foam Roof
  • Stone Exterior Construction

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Desert Vista Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 26
  • Assessor Parcel Number 102-03-334

Community Details

Overview

  • 2 Units
  • Building Dimensions are 131x69x131x69
  • Palm Springs Subdivision

Building Details

  • Operating Expense $4,677
  • Gross Income $27,048
  • Net Operating Income $22,371

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,321

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Winchester Rd/Southern Rd
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: Winchester Rd/Southern Rd Directions: North on Winchester, East on Friar, home on North of road
  • Road Surface Type: Asphalt
  • Subdivision Name: Palm Springs
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stone, Slump Block
  • Roof: Foam
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Trash Expense: 152.0
  • Annual Water Sewer Expense: 840.0

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: 131x69x131x69
  • Additional Parcels: No
  • Parcel #: 102-03-334

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 900.0
  • Annual Gross Income: 27048.0
  • Insurance Expense: 1464.0
  • Property Net Operating Income: 22371.0
  • Annual Operating Expense: 4677.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1321.0
  • Tax Book Number: 102.00
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Aug 19, 2022
Sold by
Charles Dulaney
Bought by
508 E Friar Llc
Seller's Agent
Heather Cates
HC Realty
Buyer's Agent
Spencer Marmaro
Limitless Real Estate
List Price
$395,000
Sold Price
$395,000
Total Days on Market
0
Current Estimated Value
$408,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,361
Avg. Annual Appreciation
0.46%
Original Mortgage
$380,579
Outstanding Balance
$367,678
Interest Rate
5.7%
Mortgage Type
FHA
Estimated Equity
$32,330

Purchase Details

Listed on
Jun 28, 2022
Closed on
Jul 20, 2022
Sold by
Allen Kalo Robert
Bought by
Dulaney Charles
Seller's Agent
Heather Cates
HC Realty
Buyer's Agent
Spencer Marmaro
Limitless Real Estate
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,579
Outstanding Balance
$367,678
Interest Rate
5.7%
Mortgage Type
FHA
Estimated Equity
$32,330

Purchase Details

Closed on
Dec 28, 1994
Sold by
Spircoff Pearl Mary
Bought by
Kalo Robert Allen and Charnock Blanche E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
7.5%
Mortgage Type
FHA

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
508 E Friar Llc -- Keffler Douglas Jason
Dulaney Charles $387,600 Security Title
Kalo Robert Allen $73,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dulaney Charles $380,579
Previous Owner Kalo Robert Allen $45,380
Previous Owner Kalo Robert Allen $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $395,000 0.0% $215 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $395,000 -- $215 / 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 $1,368 $23,630 -- --
2024 $1,288 $23,645 -- --
2023 $1,346 $15,037 $0 $0
2022 $1,288 $12,249 $4,584 $7,665
2021 $1,321 $12,181 $0 $0
2020 $1,288 $12,465 $0 $0
2019 $1,234 $12,484 $0 $0
2018 $1,207 $8,294 $0 $0
2017 $1,240 $8,331 $0 $0
2016 $1,264 $8,317 $1,100 $7,217
2014 $1,251 $8,197 $1,500 $6,697
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2022

    Heather Cates

    HC Realty

  • Spencer Marmaro

    Buyer's Agent in 2022

    Spencer Marmaro

    Limitless Real Estate

    (602) 635-1953

    2 in this area

    83 Total Sales

    Spencer Marmaro
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6425488

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-03-334

Arizona Pinal County Apache Junction 85119

508 E Friar Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 508 E Friar Ave, Apache Junction, AZ 85119 since 28 June 2022 and is currently estimated at $408,361, approximately $222 per square foot. This property was built in 1979. 508 E Friar 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

Nearby Homes