NOT LISTED FOR SALE

756 S Palo Verde Dr Apache Junction, AZ 85120

Estimated Value: $203,849 - $387,000

-- Bed
-- Bath
1,522 Sq Ft
$176/Sq Ft Est. Value

Last Sold August 23, 2017

Last sale price $133,900 $88 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,492/month

58 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Heat Pump System

About This Home

As of August 2017

Fantastic Cash flow. Both units are rented! Units have been remodeled. Tile floors & new water heaters in 2012. Both units consist of spacious bedrooms, large restrooms and great kitchens. One unit has 2 bedrooms, 2baths. 2nd unit has one large bedroom, bath & kitchen. Both units have HUGE fenced backyards.

Last Agent to Sell the Property

Alex Thomas

EPL Realty Group, LLC License #SA658146000 Listed on: 06/02/2017

Co-Listed By

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Last Buyer's Agent

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1964

Lot Details

  • 0.29

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for water, sewer
  • Tax Lot 23
  • Assessor Parcel Number 101-09-023

Community Details

Overview

  • 2 Units
  • Building Dimensions are 100x124
  • Boila Tract Subdivision

Building Details

  • Operating Expense $2,678
  • Net Operating Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Ironwood & Broadway
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2010
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: eplr01
  • Co List Office Phone: 480-831-1731
  • Subdivision Name: BOILA TRACT
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1260.0

Lot Info

  • Lot Size: 100x124
  • Additional Parcels: No
  • Parcel #: 101-09-023

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Cable TV, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 600.0
  • Property Net Operating Income: 13200.0
  • Annual Operating Expense: 2677.74

Tax Info

  • Tax Annual Amount: 817.74
  • Tax Book Number: 101.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2017
Closed on
Aug 17, 2017
Sold by
Locher Ross and Locher Steven R
Bought by
Anderson Brian
Seller's Agent
Alex Thomas
EPL Realty Group, LLC
Buyer's Agent
Peter Ellefson
EPL Realty Group, LLC
List Price
$148,900
Sold Price
$133,900
Premium/Discount to List
-$15,000
-10.07%
Current Estimated Value
$267,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,062
Avg. Annual Appreciation
8.81%

Purchase Details

Closed on
Jun 11, 2013
Sold by
Locher Georgia T
Bought by
Locher Steven R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,875
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2013
Sold by
756 S Palo Verde Dr Llc
Bought by
Locher Ross and Locher Steven R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,875
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2012
Closed on
Apr 23, 2012
Sold by
Cerro Trigo Llc
Bought by
756 Palo Verde Dr Llc
Seller's Agent
Steve Lowell
DenMar Realty
Buyer's Agent
Peter Ellefson
EPL Realty Group, LLC
List Price
$79,000
Sold Price
$59,000
Premium/Discount to List
-$20,000
-25.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$59,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2011
Sold by
Lowel Claudia
Bought by
Cerro Trigo Llc

Purchase Details

Closed on
Feb 11, 2010
Sold by
Bank Of America National Association
Bought by
Beaverton Lp

Purchase Details

Closed on
Sep 16, 2009
Sold by
Gaitan Sergio E
Bought by
Bank Of America National Association

Purchase Details

Closed on
Feb 16, 2000
Sold by
Valez Frank D
Bought by
Gaitan Sergio E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 1994
Sold by
Ammer Philip C and Ammer Dolores J
Bought by
Valez Frank D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
8.52%
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
Anderson Brian $133,900 Title365 Agency
Locher Steven R -- Lawyers Title Of Arizona Inc
Locher Ross $86,500 Lawyers Title Of Arizona Inc
756 Palo Verde Dr Llc $59,000 Lawyers Title Of Arizona Inc
Cerro Trigo Llc -- None Available
Lowell Steve -- None Available
Beaverton Lp $38,000 Servicelink
Bank Of America National Association $85,000 Security Title Agency
Gaitan Sergio E $75,000 Ati Title Agency
Valez Frank D $49,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Locher Ross $64,875
Previous Owner 756 Palo Verde Dr Llc $59,000
Previous Owner Gaitan Sergio E $67,500
Previous Owner Valez Frank D $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2017 08/23/17 Sold $133,900 0.0% $88 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
06/29/2017 06/29/17 Price Changed $133,900 -10.1% $88 / Sq Ft
05/31/2017 05/31/17 For Sale $148,900 +152.4% $98 / Sq Ft
05/11/2012 05/11/12 Sold $59,000 -25.3% $39 / Sq Ft View Prior Sale
04/16/2012 04/16/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $79,000 -- $52 / 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 $978 $15,355 -- --
2024 $940 $15,000 -- --
2023 $963 $9,052 $1,863 $7,189
2022 $924 $7,688 $1,863 $5,825
2021 $940 $7,395 $0 $0
2020 $916 $7,394 $0 $0
2019 $879 $7,178 $0 $0
2018 $861 $5,606 $0 $0
2017 $838 $5,517 $0 $0
2016 $818 $5,345 $1,100 $4,245
2014 $775 $4,530 $1,100 $3,430
Source: Public Records

Agents Affiliated with this Home

  • Alex Thomas

    Seller's Agent in 2017

    Alex Thomas

    EPL Realty Group, LLC

    (480) 420-6679

    4 in this area

    32 Total Sales

    Alex Thomas
    Section Image
  • Peter Ellefson

    Seller Co-Listing Agent in 2017

    Peter Ellefson

    EPL Realty Group, LLC

    (602) 434-2193

    3 in this area

    28 Total Sales

    Peter Ellefson
    Section Image

  • M

    Buyer Co-Listing Agent in 2017

    Mayumi Sato

    Pro Sports Realty

    Section Image

  • S

    Seller's Agent in 2012

    Steve Lowell

    DenMar Realty

    (480) 507-7905

    Steve Lowell
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5613753

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-09-023

Arizona Pinal County Apache Junction 85120

756 S Palo Verde 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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