NOT LISTED FOR SALE

12048 W Formosa Ln Marana, AZ 85653

Rancho Marana Neighborhood

Estimated Value: $309,000 - $336,000

3 Beds
2 Baths
1,565 Sq Ft
$208/Sq Ft Est. Value

Last Sold May 17, 2012

Last sale price $152,518 $97 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,971/month

127 Days on Market

Highlights

  • Newly Remodeled
  • Great Room
  • Covered Patio or Porch
  • Contemporary Architecture
  • Community Basketball Court
  • Jogging Path

About This Home

As of May 2012

Tranquil Sonoran Desert Setting is one of the qualities you will love about Solara. Conveniently located near Picacho Peak State Park, Tortolita Mountain Park and Tucson Mountain Park, the outdoor adventurer will cherish living at Solara. This home built by Meritage is a commitment to providing incredibly energy efficient homes with superior energy performance features such as: Spray Foam Insulation, ENERGY STAR Appliances, ENERGY STAR Programmable Thermostat, Low E2 Vinyl Windows, SEER 14 HVAC, CFL Lighting and Fixtures, Weather Sensing Irrigation, Water-Efficient Plumbing Fixtures, all designed to let you spend your money on your interests rather than utility bills. This single level Meritage home comes with an entertainers kitchen and designer upgrades. Visit us today.

Last Agent to Sell the Property

Janine Long

Meritage Homes Listed on: 11/15/2011

Last Buyer's Agent

Jeffrey Grobstein

Meritage Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,225

Year Built

  • Built in 2011 | Newly Remodeled

Lot Details

  • 5,500 Sq Ft Lot
  • Lot Dimensions are 50x110
  • Block Wall Fence
  • Front Yard
  • Property is zoned Marana - MDR

HOA Fees

  • $39 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame With Stucco
  • Tile Roof

Interior Spaces

  • 1,565 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Windows with Low Emissivity
  • Great Room
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Recirculated Exhaust Fan
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Carpet
  • CRI Green Label Plus Certified Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Flush Toilets
  • Low Flow Shower
  • Exhaust Fan In Bathroom

Parking

  • 2 Car Garage
  • Garage Door Opener

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment
  • No or Low VOC Paint or Finish

Schools

  • Estes Elementary School
  • Marana Middle School
  • Marana High School

Utilities

  • Forced Air Heating and Cooling System
  • ENERGY STAR Qualified Air Conditioning
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

Overview

  • Built by Monterey Homes
  • Rancho Marana Subdivision, Belleza Floorplan
  • The community has rules related to deed restrictions

Recreation

  • Community Basketball Court
  • Sport Court
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,225

Year Built

Built in 2011 | Newly Remodeled

Lot Details

0

HOA Fees

$39 per month

Listing Details

  • Property Type: Residential
  • Dwelling Type: Single Family Residence
  • Style: Contemporary
  • Technology: Cable TV
  • Builder Name: Monterey Homes
  • Legal Description: Rancho Marana Solara Lot 114
  • Misc Deletes Disability Adapted: No
  • Building Stories: One
  • List Price per Sq Ft: 98.53
  • Builder Site Contact: Kae Hunter
  • Builder Site Phone: 616-0101
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: ENERGY STAR Qualified Windows, Green Label Backings, Green Seal Coatings, Low Emissivity Windows, Split Bedroom Plan
  • Fireplace Location: None
  • Window Coverings: None
  • Floor Covering: Carpet, Ceramic Tile, CRI Green Label Plus Certified Carpet
  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Has Basement: No
  • Dining Areas: Breakfast Bar
  • Dining Room: Area
  • Living Areas: Great Room
  • Laundry: Laundry Room
  • Extra Room: None
  • Combined Sq Ft: 1565.00
  • Interior Steps YN: N
  • Kitchen Features: Dishwasher, Exhaust Fan, Garbage Disposal
  • Main House Sq Ft: 1565.00
  • Source Of Sq Ft: Floor Plan

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: New Construction
  • F E M A Flood Zone: No
  • Fence: Block
  • Guest Facilities: None
  • Landscape Front: Low Care
  • Landscape Rear: None
  • Patio Deck: Covered
  • Pool: None
  • Roof: Tile
  • Spa: None
  • Model Name 2: Construction Model Name: Belleza

Garage/Parking

  • Garage Carport Feat: Electric Door Opener
  • Number Of Covered Prkng: 2.00
  • Number Of Garage Spaces: 2.00
  • Rv Parking: None

Utilities

  • Water: Water Company
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, ENERGY STAR Qualified Equipment
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Monthly HOA Fee: 39.00
  • HOA Payment Frequency: Monthly
  • Community: None
  • Neighborhood Feature: Athletic Facilities, Basketball Court, Jogging/Bike Path

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes

Schools

  • School District: Marana
  • Elementary School: Estes
  • Middle School: Marana
  • High School: Marana

Green Features

  • Green Features: Bath Exhaust Out, Dual-Flush Toilets, Enrgy Star Appliance, Enrgy Star Light Pkg, Enrgy Star Qualified, Green Seal Paints, HERS Rating, Low Flow Faucets, Low Flow Showerheads

Lot Info

  • Property Group ID: 19990816212109142258000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.12
  • Lot Dimensions: 50x110
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 28.04
  • Lot Sq Ft: 5500.00
  • Lot Sz Sold Prc Sq Ft: 27.73
  • Municipality Zoning: Marana - MDR
  • Municipal Flood Zone: No

Building Info

  • Year Built: 2011

Tax Info

  • Tax Code: New Const
  • Taxes: 1225.00
  • Tax Year: 2011

MLS Schools

  • Middle School: Marana
  • Elementary School: Estes
  • High School: Marana
  • School District: Marana

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2011
Closed on
Apr 2, 2012
Sold by
Meritage Homes Of Arizona Inc
Bought by
Sempel Richard L and Sempel Pamela J
Seller's Agent
Janine Long
Meritage Homes
Buyer's Agent
Jeffrey Grobstein
Meritage Homes
List Price
$152,518
Sold Price
$152,518
Current Estimated Value
$325,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,607
Avg. Annual Appreciation
5.79%
Original Mortgage
$157,551
Outstanding Balance
$109,181
Interest Rate
3.98%
Mortgage Type
VA
Estimated Equity
$215,944

Purchase Details

Closed on
Dec 1, 2010
Sold by
First American Title Insurance Company
Bought by
First American Title Insurance Company
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sempel Richard L $152,518 Tfati
Meritage Homes Of Arizona Inc -- Tfati
Sempel Richard L $152,518 Tfati
First American Title Insurance Company $30,000 Tfati
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sempel Richard L $157,551
Closed Sempel Richard L $157,551
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2012 05/17/12 Sold $152,518 0.0% $97 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
11/15/2011 11/15/11 For Sale $152,518 -- $97 / 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 $2,554 $19,410 -- --
2024 $2,554 $18,486 -- --
2023 $2,277 $17,605 $0 $0
2022 $2,277 $16,767 $0 $0
2021 $2,320 $15,208 $0 $0
2020 $2,193 $15,208 $0 $0
2019 $2,141 $14,842 $0 $0
2018 $2,079 $13,137 $0 $0
2017 $2,045 $13,137 $0 $0
2016 $1,933 $12,512 $0 $0
2015 $1,844 $11,916 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Janine Long

    Meritage Homes

  • J

    Buyer's Agent in 2012

    Jeffrey Grobstein

    Meritage Homes

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21129514

MLS of Southern Arizona

APN: 217-43-2990

Arizona Pima County Marana 85653 Rancho Marana

12048 W Formosa Ln, Marana, AZ

This home is located at 12048 W Formosa Ln, Marana, AZ 85653 since 15 November 2011 and is currently estimated at $325,125, approximately $207 per square foot. This property was built in 2011. 12048 W Formosa Ln is a home located in Pima County with nearby schools including Estes Elementary School, Marana Middle School, and Marana 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.

MLS of Southern Arizona The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Ten-X are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved.

Nearby Homes