NOT LISTED FOR SALE

9870 E La Palma Ave Gold Canyon, AZ 85118

Estimated Value: $505,000 - $543,000

-- Bed
-- Bath
2,608 Sq Ft
$201/Sq Ft Est. Value

Last Sold September 08, 2018

Last sale price $315,000 $121 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,004/month

56 Days on Market

About This Home

As of September 2018

Great investment opportunity in the beautiful Gold Canyon Area. This fourplex is made up of one bedroom, one bath units with their own laundry facilities and fireplaces. Property is nicely landscaped with off street parking available. Building has recently been re-roofed, and is under warranty. There is very low tenant turnover with all of the tenants being seasoned tenants. Tenants pay their own utilities. Owner pays for garbage removal. Property has been well maintained, and will make someone a great investment property.

Last Agent to Sell the Property

Tony Vehon

Weichert, Realtors-Home Pro Realty License #BR006156000 Listed on: 05/02/2018

Weichert, Realtors-Home Pro Realty

Last Buyer's Agent

Debbie Latsch

AH Properties License #SA041482000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,520

Year Built

  • Built in 1983

Lot Details

  • 7,013

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Peralta Trail Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection
  • Tax Lot 301
  • Assessor Parcel Number 104-38-047

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70 x 100
  • Golden Springs Unit 2 Subdivision

Building Details

  • Operating Expense $7,267
  • Gross Income $25,536
  • Net Operating Income $18,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,520

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Alameda Rd and Kings Ranch Road
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2017
  • Directions: North on Kings Ranch Road, Rt on Alameda, Rt on La Palma to property on the right about half way down the street.
  • Road Surface Type: Asphalt
  • Subdivision Name: Golden Springs Unit 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 483.64

Schools

  • Elementary School: Peralta Trail Elementary School
  • High School: Apache Junction High School
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 70 x 100
  • Additional Parcels: No
  • Parcel #: 104-38-047

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 25536.0
  • Insurance Expense: 1563.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 18288.0
  • Annual Operating Expense: 7266.64
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1520.0
  • Tax Book Number: 104.00
  • Tax Lot: 301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2018
Closed on
Aug 27, 2018
Sold by
Lrk Inc
Bought by
Gould Frank
Seller's Agent
Tony Vehon
Weichert, Realtors-Home Pro Realty
Buyer's Agent
Debbie Latsch
AH Properties
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$525,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,058
Avg. Annual Appreciation
7.80%
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Gould Frank $315,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gould Frank $140,000
Closed Gould Frank $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2018 09/08/18 Sold $315,000 -3.1% $121 / Sq Ft
09/04/2018 09/04/18 For Sale $325,000 0.0% $125 / Sq Ft
09/04/2018 09/04/18 Price Changed $325,000 0.0% $125 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $325,000 -- $125 / 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 $1,772 $19,882 -- --
2024 $1,673 $20,014 -- --
2023 $1,745 $18,131 $0 $0
2022 $1,673 $12,124 $1,401 $10,723
2021 $1,705 $12,831 $0 $0
2020 $1,662 $13,213 $0 $0
2019 $1,594 $11,060 $0 $0
2018 $1,561 $11,138 $0 $0
2017 $1,520 $11,822 $0 $0
2016 $1,483 $12,283 $2,000 $10,283
2014 $1,404 $8,213 $700 $7,513
Source: Public Records

Agents Affiliated with this Home

  • Tony Vehon

    Seller's Agent in 2018

    Tony Vehon

    Weichert, Realtors-Home Pro Realty

    (602) 989-1682

    4 in this area

    16 Total Sales

    Tony Vehon
    Section Image

  • D

    Buyer's Agent in 2018

    Debbie Latsch

    AH Properties

    (602) 410-2058

    17 Total Sales

    Debbie Latsch
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5760154

Arizona Regional Multiple Listing Service (ARMLS)

APN: 104-38-047

Arizona Pinal County Gold Canyon 85118

9870 E La Palma Ave, Gold Canyon, AZ

This home is located at 9870 E La Palma Ave, Gold Canyon, AZ 85118 since 02 May 2018 and is currently estimated at $525,058, approximately $201 per square foot. This property was built in 1983. 9870 E La Palma Ave is a home located in Pinal County with nearby schools including Peralta Trail 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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