NOT LISTED FOR SALE

525 E Peppertree Ave Apache Junction, AZ 85119

Estimated Value: $533,000 - $670,912

-- Bed
-- Bath
2,880 Sq Ft
$205/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $675,000 $234 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,421/month

15 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of June 2022

Great 4-plex rental property with 100% occupancy. All units have 2 bedrooms and 1 bathroom with 700+ SF of living space. Tile flooring throughout with tenants paying all utilities except for trash. Excellent cash flowing property for an investor or for an owner to occupy one unit and collect rents from the other three. Entire roof replaced in August of 2017.

Last Agent to Sell the Property

Danny Perkinson

Perk Prop Real Estate License #BR626253000 Listed on: 04/28/2022

Co-Listed By

Chantel Gutierrez-Davis

Perk Prop Real Estate License #BR684490000

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1983

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Siding
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Peralta Trail Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1144
  • Assessor Parcel Number 102-06-045

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Palm Springs Unit Eleven Subdivision

Building Details

  • Operating Expense $1,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Idaho and Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: 4plex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2021
  • Directions: East on Southern from Idaho to Winchester, north to Peppertree then East to property
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: perk001
  • Co List Office Phone: 480-830-5695
  • Subdivision Name: PALM SPRINGS UNIT ELEVEN
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Siding, Stucco
  • Roof: Built-Up

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Peralta Trail 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: irr
  • Additional Parcels: No
  • Parcel #: 102-06-045

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Operating Expense: 1605.0

Tax Info

  • Tax Annual Amount: 1605.0
  • Tax Book Number: 102.00
  • Tax Lot: 1144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2019
Sold by
Avalanche Investments Llc
Bought by
Wakeham Holdings Llc
Total Days on Market
15
Current Estimated Value
$591,478

Purchase Details

Closed on
Sep 27, 2010
Sold by
Luna Ike B and Luna Raquel D
Bought by
Avalanch Investments Llc

Purchase Details

Closed on
Aug 24, 2005
Sold by
Saunders Desiree E
Bought by
Luna Ike B and Luna Raquel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2003
Sold by
Saunders Desiree E
Bought by
A J 436 Land Trust

Purchase Details

Closed on
Oct 24, 2000
Sold by
Taylor Sue
Bought by
Pepperplx Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wakeham Holdings Llc -- None Available
Avalanch Investments Llc $81,001 None Available
Luna Ike B $295,000 --
A J 436 Land Trust -- --
Pepperplx Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avalanche Investments Llc $750,000
Previous Owner Avalanche Investments Llc $1,200,000
Previous Owner Luna Ike B $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $675,000 0.0% $234 / Sq Ft
04/28/2022 04/28/22 For Sale $675,000 -- $234 / 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 $1,670 $25,394 -- --
2024 $1,576 $25,791 -- --
2023 $1,644 $17,655 $5,012 $12,643
2022 $1,576 $21,862 $5,012 $16,850
2021 $1,605 $21,213 $0 $0
2020 $1,564 $17,846 $0 $0
2019 $1,500 $17,900 $0 $0
2018 $1,470 $10,304 $0 $0
2017 $1,431 $10,488 $0 $0
2016 $1,396 $10,473 $1,100 $9,373
2014 $1,322 $7,731 $1,100 $6,631
Source: Public Records

Agents Affiliated with this Home

  • Danny Perkinson

    Seller's Agent in 2022

    Danny Perkinson

    Perk Prop Real Estate

    (480) 247-1153

    15 in this area

    109 Total Sales

    Danny Perkinson
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Chantel Gutierrez-Davis

    Perk Prop Real Estate

  • Linda Gerchick

    Buyer's Agent in 2022

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    1 in this area

    122 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2022

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6390565

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-06-045

Arizona Pinal County Apache Junction 85119

525 E Peppertree Ave, Apache Junction, AZ

This home is located at 525 E Peppertree Ave, Apache Junction, AZ 85119 since 28 April 2022 and is currently estimated at $591,478, approximately $205 per square foot. This property was built in 1983. 525 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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