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Apache Junction 85120
653 N PALO VERDE Drive
Photo of 653 N PALO VERDE Drive
Sold on Nov 8, 2022

26

Map

Photo of 653 N PALO VERDE Drive
Photo of 653 N PALO VERDE Drive
$240,000
● House - Off Market

653 N PALO VERDE Drive

Apache Junction, AZ 85120
bedrooms
1 Bed
bathrooms
1 Bath
square feet
738 Ft²
$249,086
RealtyHop Estimate
3.79%
Since Dec 1, 2022
AZ-Phoenix
Primary Model

About This Property

Tiny home with a lot of personality on a large lot is ready for its new owner. Move in ready 1 bedroom, 1 bath home with no HOA or Land lease in Apache Junction. Newer Laminate flooring throughout with tile flooring bathroom/laundry room. Newer dual pane windows. HVAC Unit installed in 2018 by previous owners. Freshly paint inside & out. Modern brown cabinets with newer countertops. Property was fenced for added privacy. Large Lot for endless possibilities with mountain views.
Unit Size
738 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$325
Property Type
House
Property Taxes
$47
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (ARMLS #6467124)

Price History

Date / Event Date Event Price
Nov 8, 2022 Sold
Premium
Sold
Sep 21, 2022 Listed by Century 21 Americana $240,000
Listed by Century 21 Americana
May 10, 2018 Sold
Premium
Sold
Feb 26, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 12
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,500
  • Total Building Area: 612
  • Gross Building Area: 612
  • Building Area: 612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 2
  • Heating: 0
  • Heated Square Feet: 612
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEWTOWN SUBD
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0121
  • State Land Use Code: 0121
  • Legal Description 1: NEWTOWN SUBD W1/2 OF LOT 21 IN BLK 2 (13500 SQ FT)

Neighborhood

  • School District Name: Apache Junction Unified District
  • Census Tract: 000320

Geography

  • Assessors Map Reference: 1901N08E
  • Parcel: 101-02-0520
  • Block: 2
  • Lot: 21
  • Meridian: SEC 19 TWN 01N RNG 08E
  • Latitude: 33.4212
  • Longitude: -111.566

    Address

  • Full Address: 653 N Palo Verde Dr
  • Address - House Number: 653
  • Street Direction: N
  • Address - Street Name: Palo Verde
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Apache Junction
  • Carrier Code: R005
  • 4-Digit Zip Code: 5606
  • Zip Code: 85120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,928
  • Tax Rate Code Area: 4308

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 244,151
  • High Value: 288,342
  • Low Value: 199,959

    Market Valuation

  • Market Total Value: $156,234
  • Market Land Value: $62,842
  • Market Improvement Value: $93,392

    Assessments Valuation

  • Assessed Year: 2025
  • Assessed Total Value: $15,623

    Sales

  • Current Sale Contract Date: Nov 08, 2022
  • Current Sale Recording Date: Nov 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 114281
  • Previous Sale Recording Date: May 10, 2018
  • Previous Sale Contract Date: Apr 20, 2018
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Apache Junction

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1469 ft²

Average Home Age

26.5 years

Currently For Sale

111 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1702 S Pinto Drive, Apache Junction, AZ, 85120

$1,875 /mo

  • 3 Beds
  • 2 Baths
  • 1,221 ft²
1702 S Pinto Drive, Apache Junction, AZ, 85120 Listing by Chelsea Anderson
Unit for rent at 11425 E University Drive, Apache Junction, AZ, 85120

$1,950 /mo

  • 3 Beds
  • 1 Bath
  • 784 ft²
11425 E University Drive #124, Apache Junction, AZ, 85120 Listing by Jerianne Roe

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Lucy Guzman, Century 21 Americana
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6467124
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 653 North Palo Verde Drive built and last sold?
The property at 653 North Palo Verde Drive was built in 1955 and last sold on Nov 8, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 653 North Palo Verde Drive is $0.
What are some comparable homes to 653 North Palo Verde Drive?
There are currently no comparable homes to 653 North Palo Verde Drive.
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