NOT LISTED FOR SALE

522 E 9th Ave Apache Junction, AZ 85119

Estimated Value: $708,816

-- Bed
1 Bath
700 Sq Ft
$1,013/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $650,800 $930 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,160/month

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of July 2021

Wow! 6plex unit is now on the market in desirable Apache Junction. All units include 2 bedrooms, 1 bathroom, their own a/c, full-size laundry hookups in a small storage room, and an eat-in kitchen with well-kept appliances and plenty of cabinets & counter space. Out the back, you have a covered patio and so much potential for customizing your small backyard in any way you can imagine. These units are close to shopping spots, restaurants, and entertainment. Don't wait any longer! Start calling before this is gone!

Last Listed By

Brett Tanner

Keller Williams Realty Phoenix License #SA564356000 Listed on: 05/04/2021

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,581

Year Built

  • Built in 1983

Lot Details

  • 0.41

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Desert Vista Elementary School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 29
  • Assessor Parcel Number 102-23-029-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are Irr
  • Palm Springs Unit Five Subdivision

Building Details

  • Operating Expense $17,946
  • Gross Income $57,000
  • Net Operating Income $20,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,581

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: S Idaho Rd & E Old West Hwy
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Directions: Head southeast on E Old West Hwy, Turn right onto S Winchester Rd, Turn left onto E 9th Ave. Property will be on the left.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4502.0
  • Co List Office Mls Id: kwrp001
  • Co List Office Phone: 480-768-9333
  • Subdivision Name: PALM SPRINGS UNIT FIVE
  • Tax Parcel Letter: A
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Other, Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1335.0
  • Annual Water Sewer Expense: 2376.0

Schools

  • Elementary School: Desert Vista Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Desert Vista Elementary School

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 102-23-029-A

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 57000.0
  • Insurance Expense: 2768.0
  • Maintenance Expense: 3099.0
  • Property Net Operating Income: 20723.0
  • Annual Operating Expense: 17946.0

Tax Info

  • Tax Annual Amount: 2581.0
  • Tax Book Number: 102.00
  • Tax Lot: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Jul 7, 2021
Sold by
Hubbard Gary R and Gary R Hubbard Family Trust
Bought by
New Mountain Investment Llc
Seller's Agent
Brett Tanner
Keller Williams Realty Phoenix
Buyer's Agent
Lethe Lew
Desert River Realty
List Price
$599,000
Sold Price
$650,800
Premium/Discount to List
$51,800
8.65%
Total Days on Market
1
Current Estimated Value
$708,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,016
Avg. Annual Appreciation
1.06%

Purchase Details

Closed on
Mar 30, 2005
Sold by
Eaves Gord and Eaves Teresa
Bought by
Hubbard Gary R

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
New Mountain Investment Llc $650,800 Greystone Title Agency Llc
Hubbard Gary R $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hubbard Gary R $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $650,800 +8.6% $930 / Sq Ft
06/19/2021 06/19/21 For Sale $599,000 0.0% $856 / Sq Ft
06/19/2021 06/19/21 Price Changed $599,000 0.0% $856 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $599,000 0.0% $856 / Sq Ft
12/01/2016 12/01/16 Rented $595 0.0% --
11/04/2016 11/04/16 For Rent $595 -- --
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 $2,755 $60,938 -- --
2024 $2,600 $60,695 -- --
2023 $2,712 $40,906 $0 $0
2022 $2,600 $25,862 $8,931 $16,931
2021 $2,649 $25,857 $0 $0
2020 $2,581 $19,065 $0 $0
2019 $2,476 $19,124 $0 $0
2018 $2,425 $16,124 $0 $0
2017 $2,361 $16,321 $0 $0
2016 $2,303 $17,120 $2,200 $14,920
2014 $2,181 $12,756 $2,200 $10,556
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6231069

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-23-029A