NOT LISTED FOR SALE

525 W 16th Ave Apache Junction, AZ 85120

Estimated Value: $295,977 - $536,000

-- Bed
-- Bath
1,456 Sq Ft
$263/Sq Ft Est. Value

Last Sold May 10, 2012

Last sale price $90,500 $62 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $2,220/month

12 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of May 2012

SHORT SALE APPROVAL REQUIRED. This is a great Short Sale opportunity and the property has been very well maintained by owner and property management company, almost all of the units have been remodeled. Tile floors, 2 seperate buildings, good location, close to the US 60 freeway. Please Respect the tenants, DRIVE BY ONLY at this time.

Last Agent to Sell the Property

Robert Waddell

Realty Executives Arizona Territory License #SA547024000 Listed on: 11/18/2011

Realty Executives Arizona Territory

Last Buyer's Agent

Jim Nawrocki

RE/MAX Solutions License #BR104803000

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,802

Year Built

  • Built in 1979

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 102-22-004

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $1,802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,802

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: US 60 & Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2011
  • Directions: From US 60 to Idaho, go North to 16th Ave, West to property on left side of the street.
  • Road Surface Type: Asphalt
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-22-004

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Operating Expense: 1802.3
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1802.3
  • Tax Book Number: 102.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2025
Sold by
Muha John F and Butler Dianne K
Bought by
Butler Dianne K
Current Estimated Value
$382,494

Purchase Details

Listed on
Nov 18, 2011
Closed on
May 7, 2012
Sold by
Colarusso Lenore M
Bought by
Muha John F
Seller's Agent
Robert Waddell
Realty Executives Arizona Territory
Buyer's Agent
Jim Nawrocki
RE/MAX Solutions
List Price
$90,000
Sold Price
$90,500
Premium/Discount to List
$500
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%
Original Mortgage
$63,350
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2005
Sold by
Johnson Kay W and Johnson Marcia A
Bought by
Colarusso Lenore M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 4, 2003
Sold by
Hogonshe Llc
Bought by
Johnson Kay W and Johnson Marcia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,400
Interest Rate
2.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2003
Sold by
Vernon Michael and Vernon Shaye F
Bought by
Hoganshe Llc

Purchase Details

Closed on
May 20, 2002
Sold by
Anderson Julie Diane and Radtke Robert
Bought by
Vernon Michael and Vernon Shaye F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1999
Sold by
Kiker Theo A and Kiker Betty J
Bought by
B & J Trust One

Purchase Details

Closed on
May 31, 1996
Sold by
Kiker Theo and Kiker Betty J
Bought by
Kiker Theo and Kiker Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,800
Interest Rate
7.96%

Purchase Details

Closed on
Nov 18, 1993
Sold by
Kiker M M and Kiker Gladyce L
Bought by
Kiker Theo and Kiker Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.74%
Mortgage Type
Seller Take Back
Source: Public Records

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
Butler Dianne K -- None Listed On Document
Muha John F $90,500 Grand Canyon Title Agency In
Colarusso Lenore M $270,000 First American Title Ins Co
Johnson Kay W $170,500 Fidelity National Title Agen
Hoganshe Llc -- Fidelity National Title
Vernon Michael $184,000 Fidelity National Title Agen
B & J Trust One -- --
Kiker Theo -- Transnation Title Ins Co
Kiker Theo $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Muha John F $63,350
Previous Owner Colarusso Lenore M $175,500
Previous Owner Johnson Kay W $136,400
Previous Owner Vernon Michael $147,200
Previous Owner Kiker Theo $45,800
Previous Owner Kiker Theo $50,000
Closed Vernon Michael $36,800
Closed Colarusso Lenore M $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2012 05/10/12 Sold $90,500 +0.6% $62 / Sq Ft
11/30/2011 11/30/11 Pending -- -- --
11/18/2011 11/18/11 For Sale $90,000 -- $62 / 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 $1,634 $28,817 -- --
2024 $1,542 $28,256 -- --
2023 $1,609 $18,055 $5,823 $12,232
2022 $1,542 $15,774 $5,823 $9,951
2021 $1,571 $15,448 $0 $0
2020 $1,531 $15,508 $0 $0
2019 $1,468 $14,979 $0 $0
2018 $1,438 $9,196 $0 $0
2017 $1,430 $8,944 $0 $0
2016 $1,403 $8,566 $1,100 $7,466
2014 $1,429 $8,355 $1,100 $7,255
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Robert Waddell

    Realty Executives

    (480) 213-6940

    22 Total Sales

    Robert Waddell
    Section Image
  • Jim Nawrocki

    Buyer's Agent in 2012

    Jim Nawrocki

    RE/MAX

    (602) 619-7355

    1 in this area

    94 Total Sales

    Jim Nawrocki
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4678576

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-004

Arizona Pinal County Apache Junction 85120

525 W 16th Ave, Apache Junction, AZ

This home is located at 525 W 16th Ave, Apache Junction, AZ 85120 since 18 November 2011 and is currently estimated at $382,494, approximately $262 per square foot. This property was built in 1979. 525 W 16th Ave is a home located in Pinal County with nearby schools including Desert Vista 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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