NOT LISTED FOR SALE

545 W 16th Ave Apache Junction, AZ 85120

Estimated Value: $475,877 - $596,000

-- Bed
-- Bath
4,400 Sq Ft
$122/Sq Ft Est. Value

Last Sold July 12, 2017

Last sale price $245,000 $56 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,113/month

21 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Heating Available
  • Cooling Available

About This Home

As of July 2017

Great investment opportunity! Fully occupied 4 unit property, all 2 bedroom units, each with a single car garage located in the back. Convenient location just minutes to Hwy 60.

Last Agent to Sell the Property

Nicole Doty

Zion Realty, LLC License #BR516107000 Listed on: 05/04/2017

Last Buyer's Agent

Kimberly DeArmond

Real Broker License #SA664044000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,585

Year Built

  • Built in 1981

Lot Details

  • 9,104

Home Design

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

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Assigned Parking

Schools

  • Desert Vista Elementary School
  • Desert Shadows Elementary Middle School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 102-22-003

Community Details

Overview

  • 4 Units
  • Building Dimensions are 75 X 121
  • Superstition Villa Subdivision

Building Details

  • Operating Expense $1,585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,585

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Broadway & Idaho Rd
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2016
  • Directions: From Broadway Ave head south on Idaho, west on 16th St. Property will be on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: SUPERSTITION VILLA
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

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 Shadows Elementary School

Lot Info

  • Lot Size: 75 X 121
  • Additional Parcels: No
  • Parcel #: 102-22-003

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Operating Expense: 1585.0

Tax Info

  • Tax Annual Amount: 1585.0
  • Tax Book Number: 102.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2022
Sold by
Kimberly Dearmond
Bought by
Dearmond Group Properties Llc
Total Days on Market
21
Current Estimated Value
$537,719

Purchase Details

Listed on
May 4, 2017
Closed on
Aug 9, 2017
Sold by
Dearmond Steven and Dearmond Kimberly
Bought by
Dearmond Group Properties Llc
Seller's Agent
Nicole Doty
Zion Realty, LLC
Buyer's Agent
Kimberly DeArmond
Real Broker
List Price
$299,900
Sold Price
$245,000
Premium/Discount to List
-$54,900
-18.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.49%
Original Mortgage
$240,562
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
May 4, 2017
Closed on
Jul 10, 2017
Sold by
Kj & Bj Enterprises Llc
Bought by
Darmond Steven and Darmond Kimblery
Seller's Agent
Nicole Doty
Zion Realty, LLC
Buyer's Agent
Kimberly DeArmond
Real Broker
List Price
$299,900
Sold Price
$245,000
Premium/Discount to List
-$54,900
-18.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,562
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 28, 2011
Sold by
Johnson Kay W and Johnson Marcia
Bought by
Kj & Bj Enterprises Llc

Purchase Details

Closed on
Oct 7, 2003
Sold by
Hoganshe Llc
Bought by
Johnson Kay W and Johnson Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
1.95%
Mortgage Type
Negative Amortization

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
$152,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

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

Purchase Details

Closed on
Jun 3, 1997
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
$65,000
Interest Rate
8.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 23, 1994
Sold by
Rice John M and Rice Geraldine C
Bought by
Kiker M M and Kiker Gladyce L
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
Dearmond Group Properties Llc -- None Listed On Document
Dearmond Group Properties Llc -- None Available
Darmond Steven $245,000 North American Title Co
Kj & Bj Enterprises Llc -- None Available
Johnson Kay W $175,500 Fidelity National Title Agen
Hoganshe Llc -- Fidelity National Title
Vernon Michael $190,000 Fidelity National Title Agen
C & J Trust Two -- --
Kiker Theo -- --
Kiker M M $88,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dearmond Kimberly $230,600
Previous Owner Darmond Steven $240,562
Previous Owner Johnson Kay W $60,000
Previous Owner Johnson Kay W $140,400
Previous Owner Vernon Michael $152,000
Previous Owner Kiker Theo $65,000
Closed Vernon Michael $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2017 07/12/17 Sold $245,000 -18.3% $56 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $299,900 -- $68 / 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 $1,896 $25,173 -- --
2024 $1,790 $25,139 -- --
2023 $1,867 $18,282 $5,462 $12,820
2022 $1,790 $26,325 $6,555 $19,770
2021 $1,823 $25,014 $0 $0
2020 $1,776 $20,610 $0 $0
2019 $1,704 $19,834 $0 $0
2018 $1,669 $12,042 $0 $0
2017 $1,625 $11,750 $0 $0
2016 $1,585 $11,244 $1,100 $10,144
2014 -- $8,779 $1,100 $7,679
Source: Public Records

Agents Affiliated with this Home

  • Nicole Doty

    Seller's Agent in 2017

    Nicole Doty

    Zion Realty, LLC

    (602) 525-1745

    2 in this area

    25 Total Sales

    Nicole Doty
    Section Image

  • K

    Buyer's Agent in 2017

    Kimberly DeArmond

    Real Broker

    (949) 400-0829

    6 Total Sales

    Kimberly DeArmond
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5600413

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-003

Arizona Pinal County Apache Junction 85120

545 W 16th Ave, Apache Junction, AZ

This home is located at 545 W 16th Ave, Apache Junction, AZ 85120 since 04 May 2017 and is currently estimated at $537,719, approximately $122 per square foot. This property was built in 1981. 545 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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