$500,000
SOLD NOV 1, 2019
4 Beds
2 Baths
2,880 Sq Ft
0.32 Acres

Recently Sold

$174 Per Sq Ft

Highlights

  • 0.32 Acre Lot
  • Contemporary Architecture
  • L-Shaped Dining Room
  • Franklin at Brimhall Elementary School Rated A
  • Great Room
  • Breakfast Area or Nook

About This Home

As of November 2019

This property is above average. Stackable Washer and Dryers in each unit along with extra storage rooms for each tenant. Fully occupied-see document tab for rent roll and year to date financials-updated monthly. Room to grow rents. Right down the street appraised for $547K. Do not disturb tenants and NO viewings prior to contract. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate Listed on: 10/05/2019

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate Listed on: 10/05/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,535

Year Built

  • Built in 2004

Lot Details

  • 0.32 Acre Lot
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 2,880 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Great Room
  • L-Shaped Dining Room
  • Storage Room
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Electric Range
  • Dishwasher
  • Formica Countertops
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • Carport
  • Driveway

Outdoor Features

  • Patio
  • Shed
  • Outdoor Grill

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Community Details

Overview

  • Out Of Pima County Subdivision

Building Details

  • Insurance Expense $1,600
  • Maintenance Expense $1,000
  • Professional Management Expense $2,880
  • Water Sewer Expense $2,200
  • Gross Income $41,808
  • Net Operating Income $32,928

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,535

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: Legal Description supplied by Title to govern
  • Attached Detached: Attached
  • List Price per Sq Ft: 185.76
  • Subdivision Restrict C C And Rs: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Dual Pane Windows, Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2880.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Breakfast Nook
  • Dining Room: L-Shape
  • Kitchen Features Countertops: formica
  • Kitchen Features Pantry: Closet
  • Living Areas: Great Room
  • Laundry: Dryer Included, Washer Included
  • Extra Room: Storage
  • Kitchen Features: Dishwasher, Double Sink, Electric Range, Garbage Disposal, Refrigerator

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: None
  • Landscape Front: Decorative Gravel
  • Landscape Rear: Decorative Gravel
  • Patio Deck: Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: Residential
  • Exterior Feature: BBQ, BBQ-Built-In, Shed

Garage/Parking

  • Total Parking: 12

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: APS
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Ceiling Fan(s), Heat Pump
  • Main Heating: Heat Pump
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

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

Fee Information

  • Expenses Contract Services: 1200.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 1000.00

Schools

  • School District: Other
  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.32
  • Lot Dimensions: Irregular
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 38.58
  • Lot Sq Ft: 13867.00
  • Lot Sz Sold Prc Sq Ft: 36.06
  • Municipality Zoning: Other - CALL
  • Municipal Flood Zone: No

Building Info

  • Year Built: 2004

Rental Info

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

Tax Info

  • Tax Code: 136-23-162A
  • Taxes: 1535.00
  • Tax Year: 2019
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Other
  • Elementary School: Other
  • High School: Other
  • School District: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2019
Closed on
Oct 9, 2019
Sold by
Balian Joseph
Bought by
Bookout William E and Bookout Mary M
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$826,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,411
Avg. Annual Appreciation
9.04%
Original Mortgage
$150,000
Outstanding Balance
$133,761
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$690,049

Purchase Details

Listed on
May 4, 2019
Closed on
May 23, 2019
Sold by
Syed Rumee and Balian Joseph
Bought by
Balian Joseph
Seller's Agent
Nicholas Yale
Brokers Hub Realty, LLC
Buyer's Agent
Brandon Hamilton
Real Broker
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.21%
Original Mortgage
$299,925
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2017
Sold by
Vanhorn Mitchell W
Bought by
Ingram Landing Llc

Purchase Details

Listed on
May 5, 2016
Closed on
Jun 8, 2016
Sold by
Yng Inc
Bought by
Vanhorn Mitchell
Seller's Agent
Steve Trang
Real Broker
Buyer's Agent
Nicholas Yale
Brokers Hub Realty, LLC
List Price
$250,000
Sold Price
$260,000
Premium/Discount to List
$10,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Original Mortgage
$182,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2009
Sold by
Olenick Thomas F
Bought by
Yng Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 4, 2009
Sold by
J P Morgan Mortgage Acquisition Corp
Bought by
Olenick Thomas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 20, 2009
Sold by
Linares Ortega Alma
Bought by
J P Morgan Mortgage Acquisition Corp

Purchase Details

Closed on
May 4, 2007
Sold by
Stanko Ronald E and Stanko Michele R
Bought by
Linares Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2006
Sold by
Harmon Darvin D and Harmon Hortencia H
Bought by
Stanko Ronald E and Stanko Michele R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.28%
Mortgage Type
Trade
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $500,000 Empire West Title Agency Llc
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Warranty Deed $399,900 Pioneer Title Agency Inc
Quit Claim Deed -- None Available
Warranty Deed $260,000 Security Title Agency Inc
Deed $170,000 None Available
Cash Sale Deed $170,000 Accommodation
Trustee Deed $318,550 None Available
Warranty Deed $395,000 Camelback Title Agency Llc
Warranty Deed $415,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Previous Owner $299,925 New Conventional
Previous Owner $182,000 New Conventional
Previous Owner $170,000 Seller Take Back
Previous Owner $316,000 Purchase Money Mortgage
Previous Owner $39,500 Stand Alone Second
Previous Owner $332,000 Trade
Previous Owner $88,500 Credit Line Revolving
Previous Owner $205,000 Unknown
Previous Owner $180,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $500,000 0.0% $174 / Sq Ft
11/01/2019 11/01/19 Sold $500,000 0.0% $174 / Sq Ft
10/05/2019 10/05/19 For Sale $500,000 -6.5% $174 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/20/2019 09/20/19 For Sale $535,000 0.0% $186 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $535,000 +33.8% $186 / Sq Ft
05/31/2019 05/31/19 Sold $399,900 0.0% $139 / Sq Ft
05/04/2019 05/04/19 For Sale $399,900 +53.8% $139 / Sq Ft
06/30/2016 06/30/16 Sold $260,000 +4.0% $90 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $250,000 -- $87 / Sq Ft
Source: MLS of Southern Arizona

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 $1,666 $16,970 -- --
2024 $1,679 $16,162 -- --
2023 $1,679 $49,460 $9,890 $39,570
2022 $1,645 $36,880 $7,370 $29,510
2021 $1,665 $30,330 $6,060 $24,270
2020 $1,643 $27,670 $5,530 $22,140
2019 $1,535 $23,380 $4,670 $18,710
2018 $1,473 $20,960 $4,190 $16,770
2017 $1,429 $18,480 $3,690 $14,790
2016 $1,403 $18,180 $3,630 $14,550
2015 $1,318 $16,070 $3,210 $12,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21925889

MLS of Southern Arizona

APN: 136-23-162A