$59,000
SOLD MAY 11, 2012

756 S Palo Verde Dr Apache Junction, AZ 85120

-- Bed
-- Bath
1,522 Sq Ft
0.29 Acres

Recently Sold

$39 Per Sq Ft

25% Below List Price

33 Days on Market

Highlights

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

About This Home

As of August 2017

Great cash flow. Property rented. Property in good condition. The duplex has large backyard and parking area. Please do not disturb the tenants. Drive by only.

Last Agent to Sell the Property

Steve Lowell

DenMar Realty License #SA535162000 Listed on: 03/14/2012

Last Buyer's Agent

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $969

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

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

Schools

  • Superstition Mountain Elementary School
  • Apache Junction High School

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Units
  • Building Dimensions are 100x124

Building Details

  • Gross Income $11,400
  • Net Operating Income $9,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$969

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Ironwood and Broadway
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2011
  • Directions: Go to Ironwood and Broadway. Go west on Broadway to Palo Verde. Then north on Palo Verde to the duplex.
  • Road Surface Type: Asphalt
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, 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

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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1188.0

Schools

  • Elementary School: Superstition Mountain Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

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

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 11400.0
  • Insurance Expense: 386.0
  • Property Net Operating Income: 9826.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 969.0
  • 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
$245,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,294
Avg. Annual Appreciation
8.20%

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
11.55%
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
Not Available
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 Type Sale Price Title Company
Warranty Deed $133,900 Title365 Agency
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Warranty Deed $86,500 Lawyers Title Of Arizona Inc
Warranty Deed $59,000 Lawyers Title Of Arizona Inc
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Special Warranty Deed $38,000 Servicelink
Trustee Deed $85,000 Security Title Agency
Warranty Deed $75,000 Ati Title Agency
Warranty Deed $49,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $64,875 New Conventional
Previous Owner $59,000 New Conventional
Previous Owner $120,000 Fannie Mae Freddie Mac
Previous Owner $125,000 Unknown
Previous Owner $67,500 New Conventional
Previous Owner $39,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    27 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: 4729889

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-09-023

Arizona Pinal County Apache Junction 85120

756 S Palo Verde Dr, Apache Junction, AZ

This home is located at 756 S Palo Verde Dr, Apache Junction, AZ 85120 and is currently priced at $59,000, approximately $38 per square foot. This property was built in 1964. 756 S Palo Verde Dr is a home located in Pinal County with nearby schools including Four Peaks 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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