NOT LISTED FOR SALE

775 W 16th Ave Apache Junction, AZ 85120

Estimated Value: $495,040

-- Bed
-- Bath
2,974 Sq Ft
$166/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $240,000 $81 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,887/month

Highlights

  • Multiple cooling system units
  • Concrete Flooring
  • Heating Available

About This Home

As of December 2017

Nice Four Plex Unit with good, stable Income. Located on a corner for easy access to freeways and shopping! 1 and 2 bedroom units have easy maintenance with tile flooring, full kitchens, separate washer/dryers, extra storage in each unit, as well. 2 Units are currently occupied. Great Investment Opportunity.

Last Listed By

Edward Surchik

Realty Executives License #SA541291000 Listed on: 11/17/2017

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,471

Year Built

  • Built in 1984

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection, sewer
  • Tax Lot 23
  • Assessor Parcel Number 102-22-023

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $1,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,471

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Ironwood and 16th Ave
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2017
  • Directions: East on 16th Ave to property. Located on the corner of 16th Ave and San Marcos.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Individual, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-22-023

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1471.0

Tax Info

  • Tax Annual Amount: 1471.0
  • Tax Book Number: 102.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2021
Sold by
Sharan Sujit and Sharan Rashi
Bought by
Sharan Sujit and Sharan Rashi
Total Days on Market
0
Current Estimated Value
$495,040

Purchase Details

Listed on
Nov 17, 2017
Closed on
Dec 22, 2017
Sold by
Hamby Michael C and Hamby Paula J
Bought by
Sharan Sujit and Sharan Rashi
Seller's Agent
Edward Surchik
Realty Executives
Buyer's Agent
Edward Surchik
Realty Executives
List Price
$245,000
Sold Price
$240,000
Premium/Discount to List
-$5,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$180,000
Outstanding Balance
$154,383
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$346,597

Purchase Details

Closed on
Apr 19, 2005
Sold by
Hodge Guy and Hodge Grant
Bought by
Hamby Michael C and Hamby Paula C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2004
Sold by
Federal National Mortgage Association
Bought by
Hodge Guy and Hodge Grant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 29, 2003
Sold by
Vernon Michael and Vernon Shaye F
Bought by
Federal National Mortgage Association

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
Kiker Theo A and Kiker Betty J
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
$149,600
Interest Rate
6.94%
Mortgage Type
New Conventional

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 Buyer Sale Price Title Company
Sharan Sujit -- None Available
Sharan Sujit $240,000 Security Title Agency
Hamby Michael C $255,000 --
Hodge Guy -- Lawyers Title Insurance Corp
Hodge Guy -- Lawyers Title Insurance Corp
Federal National Mortgage Association $163,609 First American Title
Hoganshe Llc -- Fidelity National Title
Vernon Michael $187,000 Fidelity National Title Agen
Kiker Theo A -- Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharan Sujit $180,000
Previous Owner Hamby Michael C $187,500
Previous Owner Hodge Guy $132,000
Previous Owner Vernon Michael $149,600
Closed Vernon Michael $37,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2017 12/29/17 Sold $240,000 -2.0% $81 / Sq Ft
11/17/2017 11/17/17 Pending -- -- --
11/17/2017 11/17/17 For Sale $245,000 -- $82 / 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 $1,717 $23,361 -- --
2024 $1,620 $24,232 -- --
2023 $1,690 $17,654 $6,745 $10,909
2022 $1,620 $17,267 $6,745 $10,522
2021 $1,650 $17,433 $0 $0
2020 $1,608 $17,112 $0 $0
2019 $1,543 $16,947 $0 $0
2018 $1,511 $10,857 $0 $0
2017 $1,471 $10,950 $0 $0
2016 $1,435 $10,661 $1,100 $9,561
2014 $1,359 $7,948 $1,100 $6,848
Source: Public Records

Agents Affiliated with this Home

  • Edward Surchik

    Seller's Agent in 2017

    Edward Surchik

    Realty Executives

    (480) 250-3595

    100 Total Sales

    Edward Surchik
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5689496

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-023

Arizona Pinal County Apache Junction 85120

775 W 16th Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 775 W 16th Ave, Apache Junction, AZ 85120 since 17 November 2017 and is currently priced at $495,040, approximately $166 per square foot. This property was built in 1984. 775 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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