NOT LISTED FOR SALE

Estimated Value: $422,000 - $711,000

8 Beds
4 Baths
3,522 Sq Ft
$147/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $291,000 $83 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,133/month

15 Days on Market

Highlights

  • RV Parking in Community
  • 0.3 Acre Lot
  • Vaulted Ceiling
  • Flowing Wells High School Rated A-
  • Mountain View
  • Ranch Style House

About This Home

As of May 2020

Excellent opportunity to own a four-plex in the heart of Tucson. Desirable central location on a huge corner lot, close to the I-10, shopping, restaurants, and less than 5 miles from the UofA and downtown. Spacious, open floor-plans with vaulted ceilings, gas cooking, neutral paint tones, tile flooring and more. 4 covered carport spaces and additional parking on property. Large community laundry room. Nice outdoor space offering mature shade trees and beautiful mountain views. Perfect for long term or short term rentals. Live in one, rent the others. Lots of possibilities and amazing potential for income. This rare gem will sell in a flash. Hurry and see it today.

Last Agent to Sell the Property

Victor Cabibo

Realty Executives Arizona Territory Listed on: 03/13/2020

Co-Listed By

Tyler Post

Realty Executives Arizona Territory

Last Buyer's Agent

Daniel Biel

Realty Executives Arizona Territory

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,803

Year Built

  • Built in 1958

Lot Details

  • 0.3 Acre Lot
  • Chain Link Fence
  • Corner Lot
  • Paved or Partially Paved Lot
  • Landscaped with Trees
  • Back and Front Yard

Home Design

  • Quadruplex
  • Ranch Style House
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 3,522 Sq Ft Home
  • Vaulted Ceiling
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Mountain Views
  • Window Bars
  • Gas Range

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Parking Spaces
  • Carport
  • Gravel Driveway

Schools

  • Walter Douglas Elementary School
  • Flowing Wells Middle School
  • Flowing Wells High School

Utilities

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

Additional Features

  • Covered patio or porch
  • Ground Level

Listing and Financial Details

  • $2,800 special tax assessment

Community Details

Overview

  • Flowing Wells Village Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Building Details

  • Insurance Expense $1,700
  • Water Sewer Expense $700
  • Gross Income $37,120
  • Net Operating Income $31,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,803

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: Flowing Wells Village Lot 1 & W2 Lot 2 Blk 2 Fw .30 Ac
  • Attached Detached: Attached
  • List Price per Sq Ft: 89.44
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Number Of Units2 B R: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Vaulted Ceilings
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 3522.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: None
  • Dining Areas: Dining in LR/GR
  • Dining Room: None
  • Living Areas: Living Room
  • Laundry: Laundry Room, Outside
  • Extra Room: None
  • Kitchen Features: Gas Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Concrete Block
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Landscape Front: Low Care, Trees
  • Landscape Rear: Low Care, Trees
  • Patio Deck: Covered, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Roof Other: Composition
  • Spa: None
  • View: Mountain(s)
  • Exterior Feature: None

Garage/Parking

  • Rv Parking: Space Available
  • Total Parking: 4

Utilities

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

Condo/Co-op/Association

  • Association Amenities: None
  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Paved Street

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Other Expenses: 500.00
  • Expenses Taxes Assessments: 2800.00

Schools

  • School District: Flowing Wells
  • Elementary School: Walter Douglas
  • Middle School: Flowing Wells
  • High School: Flowing Wells

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.30
  • Lot Dimensions: Irregular
  • Lot Features: Corner Lot, Subdivided
  • Lot Size Price Sq Ft: 24.10
  • Lot Sq Ft: 13068.00
  • Lot Sz Sold Prc Sq Ft: 22.27
  • Municipality Zoning: Tucson - O3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1958

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: 106-07-085A
  • Taxes: 2803.29
  • Tax Year: 2019
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Flowing Wells
  • Elementary School: Walter Douglas
  • High School: Flowing Wells
  • School District: Flowing Wells

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
May 4, 2020
Sold by
Iron Hommes Llc
Bought by
Ross William P and Ross Carol J
Seller's Agent
Victor Cabibo
Realty Executives Arizona Territory
Buyer's Agent
Daniel Biel
Realty Executives Arizona Territory
List Price
$291,000
Sold Price
$291,000
Total Days on Market
15
Current Estimated Value
$516,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,150
Avg. Annual Appreciation
11.94%
Original Mortgage
$218,250
Outstanding Balance
$195,502
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$320,648

Purchase Details

Closed on
Aug 29, 2018
Sold by
Needlenose Llc
Bought by
Iron Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 28, 2015
Closed on
Aug 12, 2015
Sold by
Vertex Rentals Llc
Bought by
Needlenos Llc
Seller's Agent
Patrick Fennie
Keller Williams Southern Arizona
Buyer's Agent
Esther Empens
Tierra Antigua Realty
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%

Purchase Details

Listed on
Nov 12, 2013
Closed on
Dec 6, 2013
Sold by
Wilmington Trust Company
Bought by
Vertex Rentals Llc
Seller's Agent
Reyna Murillo Martinez
JM Realty
Buyer's Agent
Tom Solomon
Flowing Wells Realty
List Price
$145,000
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$87,000
Interest Rate
4.13%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 17, 2013
Sold by
Chacon Fredi
Bought by
Wilmington Trust National Association

Purchase Details

Closed on
Oct 27, 2008
Sold by
Chacon Fredi
Bought by
Wachovia Mortgage Fsb

Purchase Details

Closed on
Aug 10, 2006
Sold by
Chacon Norma
Bought by
Chacon Fredi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 3, 2006
Sold by
West Navajo Apartments Llc
Bought by
Chacon Fredi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 28, 1998
Sold by
Smith Errol H and Smith Sheryl A
Bought by
Sampsel Drue L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
7.06%
Source: Public Records

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Range of Values:

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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
Ross William P $291,000 Signature Ttl Agcy Of Az Llc
Iron Homes Llc $230,000 Fidelity National Title Agen
Needlenos Llc $160,000 Fidelity Natl Title Agency
Vertex Rentals Llc $145,000 Fidelity National Title Agen
Wilmington Trust National Association $259,048 Accommodation
Wachovia Mortgage Fsb $150,000 Tfnti
Chacon Fredi -- Tlati
Chacon Fredi -- Tlati
Chacon Fredi $281,000 Ttise
Chacon Fredi -- Ttise
Chacon Fredi $281,000 Ttise
Sampsel Drue L $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross William P $218,250
Previous Owner Iron Homes Llc $207,000
Previous Owner Vertex Rentals Llc $87,000
Previous Owner Chacon Fredi $224,800
Previous Owner Chacon Fredi $224,800
Previous Owner Chacon Fredi $56,200
Previous Owner Sampsel Drue L $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2020 05/14/20 Sold $291,000 0.0% $83 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $291,000 +81.9% $83 / Sq Ft
08/19/2015 08/19/15 Sold $160,000 0.0% $45 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
06/28/2015 06/28/15 For Sale $160,000 +10.3% $45 / Sq Ft
12/20/2013 12/20/13 Sold $145,000 0.0% $41 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
11/12/2013 11/12/13 For Sale $145,000 -- $41 / 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
2024 $2,984 $22,514 -- --
2023 $2,983 $21,442 $0 $0
2022 $2,983 $20,421 $0 $0
2021 $2,908 $18,522 $0 $0
2020 $2,851 $21,904 $0 $0
2019 $2,803 $19,433 $0 $0
2018 $2,708 $16,000 $0 $0
2017 $2,610 $16,000 $0 $0
2016 $2,596 $15,533 $0 $0
2015 $2,449 $14,793 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22007128

MLS of Southern Arizona

APN: 106-07-085A