Seller's Agent in 2016
Fred Weaver Iv
eXp Realty
(888) 897-7821
68 Total Sales
526 E Montebello Ave Apache Junction, AZ 85119
Estimated Value: $457,389 - $567,000
--
Bed
--
Bath
3,538
Sq Ft
$144/Sq Ft
Est. Value
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
About This Home
As of February 2016This is a fully occupied 4 plex property. Great investment opportunity in excellent condition. Each unit has 2 bedrooms and 1 bath and private fenced in yards. Units 1, 3 & 4 have tile floors, Unit 3 has carpet in the bedrooms and units 1 & 4 have wood laminate in the bedrooms. Unit 2 has carpet. All units, except unit 2 have dishwashers. Coin operated laundry on property. Covered parking is first come first served. Must have an accepted contract in order to view the inside of the property during inspection period. Water and Electric is individually metered to tenants. With current leases in place property is generating around a 10% CAP rate. Buyer to verify all facts and figures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,310
Year Built
- Built in 1983
Lot Details
- 10,019
Home Design
- Wood Frame Construction
- Foam Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
Parking
- 8 Parking Spaces
- 4 Covered Spaces
Schools
- Desert Vista Elementary School
- Cactus Canyon Junior High
- Apache Junction High School
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water
- Tax Lot 1421
- Assessor Parcel Number 102-25-022
Community Details
Overview
- 4 Units
- Building Dimensions are 10,025 sqft
- Palm Springs Unit 14 Subdivision
Building Details
- Operating Expense $5,909
- Gross Income $25,920
- Net Operating Income $22,989
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2015
Closed on
Feb 11, 2016
Sold by
Nietert Paulson V
Bought by
Montford Richard and Montford Terrie
Seller's Agent
Fred Weaver Iv
eXp Realty
Buyer's Agent
Gail Davis
ProSmart Realty
List Price
$260,000
Sold Price
$226,000
Premium/Discount to List
-$34,000
-13.08%
Total Days on Market
118
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,847
Avg. Annual Appreciation
8.89%
Original Mortgage
$117,000
Outstanding Balance
$94,558
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$402,044
Purchase Details
Closed on
Apr 28, 2006
Sold by
Nietert Paulson V
Bought by
Nietert Paulson V
Purchase Details
Closed on
May 25, 2005
Sold by
Singh Sukhjit and Singh Paryash
Bought by
Nietert Paul and Nietert Paulson V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
6.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 19, 2004
Sold by
Preston David
Bought by
Singh Sukhjit and Singh Paryash
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 27, 2001
Sold by
Preston Caprice
Bought by
Preston David
Purchase Details
Closed on
Aug 30, 2001
Sold by
Ray Brian E and Ray Noelle C
Bought by
Sunray Properties Inc
Purchase Details
Closed on
Jan 17, 2001
Sold by
Tanner Richard L and Tanner Mary Lynn
Bought by
Ray Brian and Ray Noelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
7.41%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 4, 1997
Sold by
Kapschull Raymond C and Sauer Marjorie K
Bought by
Tanner Richard L and Tanner Mary Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.34%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 25, 1996
Sold by
Mahler Jack J
Bought by
Kapschull Raymond C and Sauer Marjorie K
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Montford Richard | $226,000 | American Title Svc Agency Ll | |
| Nietert Paulson V | -- | None Available | |
| Nietert Paul | $279,900 | Grand Canyon Title Agency In | |
| Singh Sukhjit | $185,000 | Chicago Title Insurance Co | |
| Preston David | -- | First American Title | |
| Preston David | $164,000 | First American Title | |
| Sunray Properties Inc | -- | First American Title | |
| Sunray Properties Inc | -- | -- | |
| Ray Brian | $151,000 | First American Title | |
| Tanner Richard L | $110,000 | First American Title | |
| Kapschull Raymond C | $25,200 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Montford Richard | $117,000 | |
| Previous Owner | Nietert Paul | $223,900 | |
| Previous Owner | Singh Sukhjit | $148,000 | |
| Previous Owner | Ray Brian | $135,900 | |
| Previous Owner | Tanner Richard L | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/15/2016 02/15/16 | Sold | $226,000 | -13.1% | $64 / Sq Ft |
| 01/06/2016 01/06/16 | Pending | -- | -- | -- |
| 09/10/2015 09/10/15 | For Sale | $260,000 | -- | $73 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,643 | $23,421 | -- | -- |
| 2024 | $1,551 | $23,723 | -- | -- |
| 2023 | $1,617 | $16,178 | $5,014 | $11,164 |
| 2022 | $1,551 | $22,535 | $5,014 | $17,521 |
| 2021 | $1,580 | $21,366 | $0 | $0 |
| 2020 | $1,539 | $15,510 | $0 | $0 |
| 2019 | $1,476 | $19,472 | $0 | $0 |
| 2018 | $1,446 | $9,246 | $0 | $0 |
| 2017 | $1,418 | $9,398 | $0 | $0 |
| 2016 | $1,383 | $9,383 | $1,100 | $8,283 |
| 2014 | $1,310 | $7,660 | $1,100 | $6,560 |
Source: Public Records
Agents Affiliated with this Home
-
Fred Weaver Iv
-
C
Seller Co-Listing Agent in 2016
Court Bradbury
My Home Group
-
Buyer's Agent in 2016
Gail Davis
ProSmart Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5332588
APN: 102-25-022
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.
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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