NOT LISTED FOR SALE

Estimated Value: $497,000 - $690,000

9 Beds
5 Baths
3,204 Sq Ft
$178/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $390,000 $122 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,363/month

60 Days on Market

Highlights

  • 0.32 Acre Lot
  • Covered Patio or Porch
  • Cul-De-Sac
  • Contemporary Architecture
  • Breakfast Area or Nook
  • Bathtub with Shower

About This Home

As of April 2020

Terrific Central 4 Unit Investment Opportunity! Amazing location; walking distance to Tucson Mall. Near River Walk and UofA. Quiet situated on a Cul-de-sac. Always rented! Two well cared buildings share roof over carports, it offers on property parking(uncovered) and covered parking. Floorplans have nice lay out of living space, open kitchen and good sized bedrooms. Three units are 2BD/1BA, one is 3BD/2BA. Each unit has laundry hook ups and a huge private back yard. Some room to raise rents as tenants have been long term below market. Newer ACs. Separate gas and electric meters. Two units are in moth to month leases. Live in one, make some income and pay the mortgage with the rents. No showings without accepted contract-drive by only.

Last Agent to Sell the Property

Marcela Cardenas

Tierra Antigua Realty Listed on: 02/08/2020

Tierra Antigua Realty

Last Buyer's Agent

Mark Anderson

Prudential Aegis

Prudential Aegis

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,453

Year Built

  • Built in 1979

Lot Details

  • 0.32 Acre Lot
  • Property fronts an alley
  • Cul-De-Sac
  • Wood Fence
  • Chain Link Fence
  • Desert Landscape
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Frame With Stucco
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 3,204 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Family Room
  • Dining Room
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Pad

Schools

  • Prince Elementary School
  • La Cima Middle School
  • Amphitheater High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $2,454 special tax assessment

Community Details

Overview

  • Mills Subdivision

Building Details

  • Insurance Expense $1,000
  • Water Sewer Expense $3,600
  • Gross Income $33,900
  • Net Operating Income $26,846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,453

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV
  • Accessibility Options: Level
  • Legal Description: Mills Lot 17
  • Attached Detached: Attached
  • List Price per Sq Ft: 118.60
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 683.00
  • Unit Info Number Of Units2 B R: 3
  • Unit Info Number Of Units3 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Smoke Detector
  • Window Coverings: Some
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 3204.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Eat-In Kitchen
  • Dining Room: Area
  • Living Areas: Family Room
  • Laundry: Laundry Closet
  • Extra Room: None
  • Kitchen Features: Gas Range, Refrigerator

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Chain Link, Wood
  • Fence Other: Metal-Copper looking
  • Landscape Front: Natural Desert
  • Landscape Rear: Natural Desert
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Driveway: Car(s) Pad
  • Total Parking: 8

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security Other: Security Doors
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: Paved Street, Sidewalks

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 2454.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.32
  • Lot Dimensions: 22x22x22x24x68x52x188x55x64ft
  • Lot Features: Adjacent to Alley, Cul-De-Sac, Subdivided
  • Lot Size Price Sq Ft: 27.26
  • Lot Sq Ft: 13939.00
  • Lot Sz Sold Prc Sq Ft: 27.98
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1979

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Tenant
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 105-12-2880
  • Taxes: 2453.00
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: La Cima
  • Elementary School: Prince
  • High School: Amphitheater
  • School District: Amphitheater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Mar 17, 2020
Sold by
Reynolds Nicole and Reynolds Christopher
Bought by
Reynolds Christopher
Seller's Agent
Marcela Cardenas
Tierra Antigua Realty
Buyer's Agent
Mark Anderson
Prudential Aegis
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$601,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,315
Avg. Annual Appreciation
6.75%
Original Mortgage
$286,000
Outstanding Balance
$250,593
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$318,991

Purchase Details

Listed on
Feb 2, 2015
Closed on
Mar 23, 2015
Sold by
Courtis James and Courtis Margaret R Boyajian
Bought by
Courtis Margaret R Boyajian
Seller's Agent
Jade Bossert
Tierra Antigua Realty
Buyer's Agent
Marcela Cardenas
Tierra Antigua Realty
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%

Purchase Details

Closed on
Jul 2, 2001
Sold by
Lee Tung M and Lee So Ming
Bought by
Lee Tung Ming and Lee So Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reynolds Christopher -- Signature Ttl Agcy Of Az Llc
Reynolds Christopher $392,000 Signature Ttl Agcy Of Az Llc
Courtis Margaret R Boyajian -- Catalina Title Agency
Courtis Margaret R Boyajian $285,000 Catalina Title Agency
Courtis Margaret R Boyajian -- Catalina Title Agency
Courtis Margaret R Boyajian $285,000 Catalina Title Agency
Lee Tung Ming -- Lawyers Title
Lee Tung M -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Christopher $286,000
Previous Owner Lee Tung M $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2020 04/10/20 Sold $390,000 0.0% $122 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $390,000 +36.8% $122 / Sq Ft
03/31/2015 03/31/15 Sold $285,000 0.0% $89 / Sq Ft View Prior Sale
03/01/2015 03/01/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $285,000 -- $89 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $2,893 $24,678 -- --
2025 $2,893 $23,503 -- --
2024 $2,786 $22,384 -- --
2023 $2,701 $21,318 $0 $0
2022 $2,675 $20,303 $0 $0
2021 $2,618 $18,415 $0 $0
2020 $2,602 $20,722 $0 $0
2019 $2,535 $18,384 $0 $0
2018 $2,453 $15,908 $0 $0
2017 $2,411 $15,908 $0 $0
2016 $2,311 $15,150 $0 $0
2015 $2,243 $14,429 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22003776

MLS of Southern Arizona

APN: 105-12-2880