NOT LISTED FOR SALE

515 E Hondo Ave Apache Junction, AZ 85119

Estimated Value: $363,326 - $656,000

-- Bed
4 Baths
700 Sq Ft
$782/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $700,000 $1,000 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $3,007/month

26 Days on Market

Highlights

  • Community Barbecue Grill
  • Central Air
  • Heating Available
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of August 2022

Turnkey, very well kept 4-plex. Each unit has 2 bedrooms & 1 bath with a small enclosed patio area in the back and community courtyard in the front. Each unit has been updated as they become vacant, At this time Unit A remodel has been completed & is for lease for $1,300. Each unit has tile, LVP flooring or Congoleum. Kitchen & baths have granite or quartz counters. 2 units have new electrical panels in 2019.The roofs of both buildings & carports were replaced & warranty is transferable & 2 units the A/C was replaced. Dual pane low E windows on all units. Square footage does not include detached laundry room. The seller has owned the property since 2006 & has never had any long term vacancies.
Please do not disturbed the tenants. Apt A is available & on lockbox.

Last Agent to Sell the Property

Robert Sepulveda

Red Mountain Real Estate License #SA550385000 Listed on: 06/12/2022

Last Buyer's Agent

Grace Guentzel

Realty85 License #SA700627000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1979

Lot Details

  • 10,019

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Central Air
  • Heating Available
  • Private Water Source
  • Septic Tank

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1010
  • Assessor Parcel Number 102-26-011

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 10,028
  • Palm Springs Unit Ten Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $6,136
  • Net Operating Income $33,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,591

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Southern & Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: South on Idaho to 16th Ave, right to property (16th turns into Hondo) property is on the right
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: PALM SPRINGS UNIT TEN
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 398.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 10,028
  • Additional Parcels: No
  • Parcel #: 102-26-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Insurance Expense: 1198.0
  • Maintenance Expense: 1316.0
  • Property Net Operating Income: 33810.0
  • Annual Operating Expense: 6136.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1591.0
  • Tax Book Number: 102.00
  • Tax Lot: 1010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Enyart Jason
Bought by
515 Hondo Llc
Current Estimated Value
$547,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,400
Outstanding Balance
$408,578
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$138,504

Purchase Details

Closed on
Jan 10, 2025
Sold by
Superstition Investments Residential Ren
Bought by
Enyart Jason

Purchase Details

Closed on
Oct 23, 2024
Sold by
Herb Ronald B
Bought by
Superstition Investments Residential Rentals

Purchase Details

Listed on
Jun 12, 2022
Closed on
Jul 11, 2022
Sold by
Gettel and Kelly
Bought by
Hondo 515 Holdings Llc
Seller's Agent
Robert Sepulveda
Red Mountain Real Estate
Buyer's Agent
Grace Guentzel
Realty85
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.39%
Original Mortgage
$550,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2020
Sold by
Kyle Kelly B and Gettel Sonja L
Bought by
Gettel Sonja and Gettel Kyle Kelly

Purchase Details

Closed on
Jun 20, 2006
Sold by
Passariello Robert and Weightman Kelly L
Bought by
Kyle Kelly B and Gettel Sonja L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,750
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2005
Sold by
Webb Kelly R and Webb Michelle
Bought by
Passariello Robert and Weightman Kelly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,375
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 1998
Sold by
Housley Donald L and Housley Barbara P
Bought by
Webb Kelly R and Webb Michelle J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
6.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
515 Hondo Llc -- --
Enyart Jason -- Clear Title
Superstition Investments Residential Rentals $550,001 Stewart Title Guaranty Company
Hondo 515 Holdings Llc $700,000 Clear Title
Gettel Sonja -- Clear Title Agency Of Az
Kyle Kelly B $329,000 Fidelity National Title Agen
Passariello Robert $224,500 Fidelity National Title Agen
Webb Kelly R $116,000 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 515 Hondo Llc $410,400
Previous Owner Hondo 515 Holdings Llc $550,000
Previous Owner Kyle Kelly B $246,750
Previous Owner Passariello Robert $168,375
Previous Owner Webb Kelly R $104,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $700,000 -3.4% $1,000 / Sq Ft
08/11/2022 08/11/22 Price Changed $725,000 0.0% $1,036 / Sq Ft
08/06/2022 08/06/22 Price Changed $725,000 0.0% $1,036 / Sq Ft
07/09/2022 07/09/22 For Sale $725,000 0.0% $1,036 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
07/03/2022 07/03/22 Price Changed $725,000 -3.3% $1,036 / Sq Ft
06/12/2022 06/12/22 For Sale $750,000 -- $1,071 / 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 $1,655 $30,984 -- --
2024 $1,562 $30,321 -- --
2023 $1,629 $18,100 $5,013 $13,087
2022 $1,562 $15,592 $5,013 $10,579
2021 $1,591 $14,568 $0 $0
2020 $1,550 $12,533 $0 $0
2019 $1,487 $12,169 $0 $0
2018 $1,457 $9,312 $0 $0
2017 $1,474 $9,482 $0 $0
2016 $1,438 $9,564 $1,100 $8,464
2014 $1,362 $7,964 $1,100 $6,864
Source: Public Records

Agents Affiliated with this Home

  • Robert Sepulveda

    Seller's Agent in 2022

    Robert Sepulveda

    Red Mountain Real Estate

    (480) 993-9132

    2 in this area

    13 Total Sales

    Robert Sepulveda
    Section Image

  • G

    Buyer's Agent in 2022

    Grace Guentzel

    Realty85

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6416022

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-011

Arizona Pinal County Apache Junction 85119

515 E Hondo Ave, Apache Junction, AZ

This home is located at 515 E Hondo Ave, Apache Junction, AZ 85119 since 12 June 2022 and is currently estimated at $547,082, approximately $781 per square foot. This property was built in 1979. 515 E Hondo 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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