NOT LISTED FOR SALE

12120 W Formosa Ln Marana, AZ 85653

Rancho Marana Neighborhood

Estimated Value: $354,000 - $367,955

3 Beds
2.5 Baths
2,141 Sq Ft
$169/Sq Ft Est. Value

Last Sold September 26, 2019

Last sale price $259,000 $121 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,256/month

75 Days on Market

Highlights

  • 2 Car Garage
  • Contemporary Architecture
  • Great Room
  • Mountain View
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of September 2019

The home you've been looking for has just found you. Come see this clean and captivating two-story home situated conveniently in the coveted Solara development. From the open-concept downstairs living space to the large shaded backyard with a built in BBQ, there is plenty of room for family and friends to enjoy. Downstairs, you'll revel in the master suite which includes a walk-in closet that will tickle your fancy, not to mention a private entrance to the backyard. Upstairs you'll appreciate the mountain views off of the updated balcony that extends from the loft that can also double as a family room. Recent updates include new built in entertainment system upstairs, custom-made touches throughout and Venetian Plaster walls.

Last Agent to Sell the Property

Paul Leschak

Long Realty Listed on: 07/03/2019

Co-Listed By

Amber Leschak

Long Realty

Last Buyer's Agent

Melinda Akowski

Holladay Property Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,185

Year Built

  • Built in 2007

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Block Wall Fence
  • Desert Landscape
  • Paved or Partially Paved Lot
  • Back and Front Yard
  • Property is zoned Marana - F

HOA Fees

  • $59 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame With Stucco
  • Tile Roof

Interior Spaces

  • 2,141 Sq Ft Home
  • 2-Story Property
  • Entertainment System
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Mountain Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower

Home Security

  • Prewired Security
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Driveway

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Water Fountains
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Association fees include common area maintenance
  • $400 HOA Transfer Fee
  • Rancho Marana Association, Phone Number (520) 297-0797
  • Rancho Marana Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Park
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,185

Year Built

Built in 2007

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Residential
  • Dwelling Type: Single Family Residence
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: Rancho Marana 154 Block 2 Lot 105 Cmid
  • Misc Deletes Microwave: .
  • Misc Deletes Oven: .
  • Building Stories: Two
  • List Price per Sq Ft: 120.97
  • Subdivision Restrict C C And Rs: Yes
  • Additional Bathroom Features: Shower & Tub
  • Income Property Current Use: Owner Occupied
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Dual Pane Windows, Entertainment Center Built-In, Split Bedroom Plan, Vaulted Ceilings, Walk In Closet(s)
  • Fireplace: Gas
  • Fireplace Location: Living Room
  • Number Of Fireplaces: 1.00
  • Window Coverings: Some
  • Floor Covering: Carpet, Ceramic Tile
  • Bedrooms: 3
  • Master Bathroom Features: Double Vanity, Shower & Tub
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: No
  • Dining Areas: Breakfast Bar, Great Room
  • Dining Room: Area
  • Kitchen Features Countertops: Granite
  • Living Areas: Family Room, Living Room
  • Laundry: Laundry Room
  • Extra Room: None
  • Combined Sq Ft: 2141.00
  • Interior Steps YN: Y
  • Kitchen Features: Dishwasher, Gas Range
  • Main House Sq Ft: 2141.00
  • Source Of Sq Ft: Assessor

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Concrete
  • ExteriorFeatures: BBQ-Built-In, Fountain
  • F E M A Flood Zone: No
  • Fence: Block
  • Guest Facilities: None
  • Landscape Front: Decorative Gravel, Low Care, Natural Desert
  • Landscape Rear: Decorative Gravel, Low Care, Natural Desert
  • Patio Deck: Balcony, Covered, Patio
  • Pool: None
  • Pool Conventional: No
  • Road Maintenance: City
  • Roof: Tile
  • Spa: None
  • View: Mountains

Garage/Parking

  • Garage Carport Feat: Attached Garage/Carport
  • Number Of Covered Prkng: 2.00
  • Number Of Garage Spaces: 2.00
  • Rv Parking: None

Utilities

  • Water: City
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Zoned
  • Main Heating: Forced Air, Natural Gas
  • Security: Prewired, Smoke Detector(s)
  • Sewer: Connected

Condo/Co-op/Association

  • Association Amenities: Park
  • Association Fees Include: Common Area Maint
  • HOA: Yes
  • Monthly HOA Fee: 59.00
  • HOA Name: Rancho Marana
  • HOA Payment Frequency: Monthly
  • HOA Telephone: 520-297-0797
  • HOA Transfer Fee: 400.00
  • Community: None
  • Neighborhood Feature: Jogging/Bike Path, Park, Paved Street, Sidewalks, Street Lights

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes

Schools

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

Lot Info

  • Property Group ID: 19990816212109142258000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.14
  • Lot Dimensions: 50x120
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 42.47
  • Lot Sq Ft: 6098.00
  • Lot Sz Sold Prc Sq Ft: 42.47
  • Municipality Zoning: Marana - F
  • Municipal Flood Zone: No

Building Info

  • Year Built: 2007

Tax Info

  • Tax Code: 217-43-2900
  • Taxes: 2184.71
  • Tax Year: 2018

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
Jul 3, 2019
Closed on
Sep 24, 2019
Sold by
Bennett David E and Bennett Gerard Maureen
Bought by
Kremer Jake C and Kremer Joely M
Seller's Agent
Paul Leschak
Long Realty
Buyer's Agent
Melinda Akowski
Holladay Property Services
List Price
$259,000
Sold Price
$259,000
Current Estimated Value
$361,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,989
Avg. Annual Appreciation
5.81%
Original Mortgage
$267,142
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Listed on
Oct 1, 2015
Closed on
Dec 5, 2015
Sold by
American Capital Assets Llc
Bought by
Bennett David E and Gerard Maureen R
Seller's Agent
Michael Rhodes
Realty Executives Arizona Territory
Buyer's Agent
Tina M. Sheridan
Realty Executives Arizona Territory
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%
Original Mortgage
$150,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2015
Sold by
Salazar Joseph Victor and Salazar Deborah Louise
Bought by
American Capital Assets Llc

Purchase Details

Closed on
Apr 27, 2009
Sold by
Meritage Homes Of Arizona Inc
Bought by
Salazar Joseph Victor and Salazar Deborah Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,447
Interest Rate
4.76%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Kremer Jake C $259,000 Fidelity Natl Ttl Agcy Inc
Bennett David E $200,000 Stewart Title
American Capital Assets Llc $143,000 Accommodation
Salazar Joseph Victor $229,000 Tfati
Salazar Joseph Victor $229,000 Tfati
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kremer Jake C $267,430
Closed Kremer Jake C $267,142
Previous Owner Bennett David E $150,000
Previous Owner Salazar Joseph Victor $200,447
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2019 09/26/19 Sold $259,000 0.0% $121 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $259,000 +29.5% $121 / Sq Ft
12/08/2015 12/08/15 Sold $200,000 0.0% $93 / Sq Ft
11/08/2015 11/08/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $200,000 -- $93 / 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 $2,684 $20,403 -- --
2024 $2,684 $19,432 -- --
2023 $2,393 $18,507 $0 $0
2022 $2,393 $17,625 $0 $0
2021 $2,438 $15,987 $0 $0
2020 $2,305 $15,987 $0 $0
2019 $2,250 $16,873 $0 $0
2018 $2,185 $13,810 $0 $0
2017 $2,149 $13,810 $0 $0
2016 $2,031 $13,152 $0 $0
2015 $1,938 $12,526 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Paul Leschak

    Long Realty

  • A

    Seller Co-Listing Agent in 2019

    Amber Leschak

    Long Realty

  • M

    Buyer's Agent in 2019

    Melinda Akowski

    Holladay Property Services

  • Michael Rhodes

    Seller's Agent in 2015

    Michael Rhodes

    Realty Executives Arizona Territory

    (520) 867-4848

    1,650 Total Sales

    Michael Rhodes
    Section Image

  • T

    Buyer's Agent in 2015

    Tina M. Sheridan

    Realty Executives Arizona Territory

    (520) 887-8000

    1 in this area

    49 Total Sales

    Tina M. Sheridan
    Section Image
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Map

Source: MLS of Southern Arizona

MLS Number: 21917700

MLS of Southern Arizona

APN: 217-43-2900

Arizona Pima County Marana 85653 Rancho Marana

12120 W Formosa Ln, Marana, AZ

This home is located at 12120 W Formosa Ln, Marana, AZ 85653 since 03 July 2019 and is currently estimated at $361,989, approximately $169 per square foot. This property was built in 2007. 12120 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.

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