NOT LISTED FOR SALE

566 N Ironwood Dr Apache Junction, AZ 85120

Estimated Value: $231,833 - $393,000

-- Bed
2 Baths
531 Sq Ft
$588/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $130,000 $245 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $1,749/month

Highlights

  • Central Air
  • Carpet
  • Heating Available

About This Home

As of September 2017

Lots of potential! Income producing duplex with room for rent increases. Lot had additional rentals in the past. 1 bed 1 bath units are block construction. newer roof and 2 year old HVAC systems.

Last Agent to Sell the Property

John Gordon

Coldwell Banker Realty License #BR009377000 Listed on: 04/26/2017

Coldwell Banker Realty

Last Buyer's Agent

John Gordon

CONNOLLY REALTY AND ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,137

Year Built

  • Built in 1970

Lot Details

  • 0.75

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Four Peaks Elementary School - Apache Junction
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water, cable TV, landscaping
  • The owner pays for trash collection
  • Legal Lot and Block 22 / 3
  • Assessor Parcel Number 101-02-077

Community Details

Overview

  • 2 Units
  • Building Dimensions are 310x100
  • Amd Plat Of Newtown Subdivision

Building Details

  • Operating Expense $3,967
  • Gross Income $9,600
  • Net Operating Income $7,213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,137

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Apache Trail & Ironwood
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: AMD PLAT OF NEWTOWN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 250.0
  • Annual Water Sewer Expense: 1680.0

Schools

  • Elementary School: Four Peaks Elementary School - Apache Junction
  • 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: 310x100
  • Additional Parcels: No
  • Parcel #: 101-02-077

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Water, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 9600.0
  • Insurance Expense: 500.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 7213.0
  • Annual Operating Expense: 3967.0

Tax Info

  • Tax Annual Amount: 1137.0
  • Tax Block: 3
  • Tax Book Number: 101.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
Sep 27, 2017
Sold by
Mcclain Virginia and Gordon John C
Bought by
Bailey Sean
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
John Gordon
Coldwell Banker Realty
List Price
$125,000
Sold Price
$130,000
Premium/Discount to List
$5,000
4%
Current Estimated Value
$312,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,417
Avg. Annual Appreciation
11.40%
Original Mortgage
$127,645
Outstanding Balance
$106,819
Interest Rate
3.89%
Mortgage Type
FHA
Estimated Equity
$205,598

Purchase Details

Closed on
Apr 7, 2017
Sold by
Mcclain Virginia
Bought by
Mcclain Virginia and Gordon John C

Purchase Details

Closed on
Dec 9, 1997
Sold by
T & T Investments
Bought by
Mcclain Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1993
Sold by
Lake Robert W and Lake Jeannette V
Bought by
T & T Investments
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
Bailey Sean $130,000 Driggs Title Agency Inc
Mcclain Virginia -- None Available
Mcclain Virginia $75,000 Ati Title Agency
T & T Investments -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Sean $127,645
Previous Owner Mcclain Virginia $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2017 09/28/17 Sold $130,000 +4.0% $245 / Sq Ft
09/01/2017 09/01/17 Price Changed $125,000 0.0% $235 / Sq Ft
08/01/2017 08/01/17 Price Changed $125,000 0.0% $235 / Sq Ft
07/01/2017 07/01/17 Price Changed $125,000 0.0% $235 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $125,000 -- $235 / 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 $1,266 $22,855 -- --
2024 $1,218 $22,636 -- --
2023 $1,247 $11,495 $6,524 $4,971
2022 $1,195 $10,576 $6,543 $4,033
2021 $1,218 $10,379 $0 $0
2020 $1,186 $10,391 $0 $0
2019 $1,138 $10,244 $0 $0
2018 $1,115 $7,127 $0 $0
2017 $1,131 $7,072 $0 $0
2016 $1,137 $6,945 $3,761 $3,184
2014 $1,267 $7,410 $3,761 $3,649
Source: Public Records

Agents Affiliated with this Home

  • John Gordon

    Seller's Agent in 2017

    John Gordon

    Coldwell Banker Realty

    (602) 319-8509

    62 in this area

    150 Total Sales

    John Gordon
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5596405

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-02-077

Arizona Pinal County Apache Junction 85120

566 N Ironwood Dr, Apache Junction, AZ

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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