NOT LISTED FOR SALE

85 W 20th Ave Apache Junction, AZ 85120

Estimated Value: $460,289

-- Bed
-- Bath
3,100 Sq Ft
$148/Sq Ft Est. Value

Last Sold January 30, 2015

Last sale price $165,000 $53 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $2,571/month

3 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating System Uses Natural Gas

About This Home

As of January 2015

4-plex investment property. 3/4 occupied. AC units replaced in 2008. Each unit has it's own laundry room off the back of the unit. Property needs work. Do not disturb tenants. Property has historically rented well. Property has been self-managed which creates a higher cap rate.

Last Listed By

Ron and Kristina Wilczek

Metro Phoenix Homes, LLC License #BR518431000 Listed on: 12/08/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,334

Year Built

  • Built in 1982

Lot Details

  • 8,015

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water
  • Tax Lot 293
  • Assessor Parcel Number 102-22-293

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8024
  • Superstition Villa Subdivision

Building Details

  • Operating Expense $5,300
  • Gross Income $25,080
  • Net Operating Income $21,114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,334

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Idaho and Southern Ave.
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2014
  • Directions: North on Idaho, left (west) on 20th Ave. to 4-plex
  • Road Surface Type: Asphalt
  • Subdivision Name: Superstition Villa
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 240.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Other
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 8024
  • Additional Parcels: No
  • Parcel #: 102-22-293

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 25080.0
  • Insurance Expense: 1026.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 21114.0
  • Annual Operating Expense: 5300.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1334.0
  • Tax Book Number: 102.00
  • Tax Lot: 293

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2014
Closed on
Dec 19, 2014
Sold by
Koontz Kevin
Bought by
Montford Richard and Montford Terri
Seller's Agent
Ron and Kristina Wilczek
Metro Phoenix Homes, LLC
Buyer's Agent
Gail Davis
ProSmart Realty
List Price
$165,000
Sold Price
$165,000
Total Days on Market
3
Current Estimated Value
$460,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,289
Avg. Annual Appreciation
10.67%
Original Mortgage
$86,000
Outstanding Balance
$66,988
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$400,955

Purchase Details

Closed on
Aug 5, 2008
Sold by
Koontz Kristen
Bought by
Koontz Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,500
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 17, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Aurora Loan Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2008
Sold by
Aurora Loan Services Llc
Bought by
Koontz Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Aurora Loan Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2007
Sold by
Peterson Kenneth Steve
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 13, 2006
Sold by
Peterson Kenneth Steven
Bought by
Ricochet Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 6, 2006
Sold by
Peterson Kepi N
Bought by
Peterson Kenneth Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 25, 2005
Sold by
Scottsdale Capital Investment Llc
Bought by
Encore Property Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 17, 2004
Sold by
Brown Russell
Bought by
Davidson Peabody Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,083
Interest Rate
5.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 22, 2002
Sold by
Buckley Eugene and Buckley James D
Bought by
Brown Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
6.78%
Mortgage Type
New Conventional

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
Montford Richard $165,000 American Title
Koontz Kevin -- Chicago Title
Aurora Loan Services Llc -- Chicago Title
Koontz Kevin $190,000 Lsi Title Agency
Aurora Loan Services Llc -- None Available
Federal Home Loan Mortgage Corporation $191,476 First American Title
Ricochet Properties Inc -- Title Security Agency Of Pin
Peterson Kenneth Steve -- Title Security Agency Of Pin
Peterson Kenneth Steve -- Guaranty Title Agency
Encore Property Development Llc $165,000 Guaranty Title Agency
Davidson Peabody Llc $200,000 Security Title Agency
Brown Russell $169,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montford Richard $86,000
Previous Owner Koontz Kevin $33,500
Previous Owner Koontz Kevin $181,500
Previous Owner Peterson Kenneth Steve $180,000
Previous Owner Encore Property Development Llc $180,000
Previous Owner Davidson Peabody Llc $20,083
Previous Owner Brown Russell $135,200
Closed Brown Russell $33,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2015 01/30/15 Sold $165,000 0.0% $53 / Sq Ft
12/11/2014 12/11/14 Pending -- -- --
12/08/2014 12/08/14 For Sale $165,000 -- $53 / 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 $1,532 $20,116 -- --
2024 $1,446 $20,119 -- --
2023 $1,508 $14,641 $4,814 $9,827
2022 $1,446 $21,082 $4,814 $16,268
2021 $1,473 $19,999 $0 $0
2020 $1,435 $16,369 $0 $0
2019 $1,377 $15,729 $0 $0
2018 $1,349 $8,622 $0 $0
2017 $1,346 $8,420 $0 $0
2016 $1,333 $8,419 $1,100 $7,319
2014 -- $7,803 $1,100 $6,703
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5208806

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-293