NOT LISTED FOR SALE

Estimated Value: $529,000 - $616,000

Studio
-- Bath
1,937 Sq Ft
$287/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $320,000 $165 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,149/month

104 Days on Market

Highlights

  • 0.26 Acre Lot
  • Central Air
  • Heat Pump System
  • Brick or Stone Mason

About This Home

As of August 2017

Beautiful historic triplex located just three blocks south of the U of A. This property is part of a portfolio offering and can be purchased separately or with a seven unit property located a few blocks away. See MLS #21711284. Large 1/4 acre lot, large floor plans with private setting, central AC, garages with excessive off street parking. The interior of the units are original 1940s amenities to include real wood floors, doors, bookshelves and all real wood beamed ceilings. Very low historical vacancy. Upgraded electrical panels, water and sewer supply lines,
appliances and kitchens. very well maintained and managed by the current owner of 36 years. Package is attached. Owner will carry!

Last Agent to Sell the Property

David Walsh

Realty Executives Arizona Territory Listed on: 06/28/2017

Realty Executives Arizona Territory

Last Buyer's Agent

Holly Butler

Realty Executives Arizona Territory License #SA579674000

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 150x75

Home Design

  • 1,937 Sq Ft Home
  • Triplex
  • Brick or Stone Mason

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Insurance Expense $721
  • Maintenance Expense $1,200
  • Water Sewer Expense $1,756
  • New Taxes Expense $2,310
  • Operating Expense $5,987
  • Gross Income $22,465
  • Net Operating Income $16,478

Listing and Financial Details

  • $2,310 special tax assessment

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent One Bedroom: 715.0
  • Unit Info Average Monthly Rent Studios: 500.0
  • Lot Size: 150X75
  • CapRate: 5.15
  • Supplies Expense: 1200.0
  • Co List Office Mls Id: 4357
  • Subdivision Name: Drakes Addition
  • General Property Information: List Price/SqFt: 167.79
  • General Property Information: Lot Size Price/SqFt: 28.7
  • Special Features: None

Exterior Features

  • Construction Type: Brick

Utilities

  • Miscellaneous Master Water Meter: Yes
  • Utilities: Sewer Connected
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 1200.0
  • Expenses Taxes Assessments: 2310.0
  • Annual Water Sewer Expense: 1756.0

Lot Info

  • Lot Size Sq Ft: 28.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1948

Tax Info

  • Tax Year: 2016
  • New Taxes Expense: 2310.0

Multi Family

  • Annual Gross Income: 22465.2
  • Insurance Expense: 721.0
  • Property Net Operating Income: 16478.2
  • Annual Operating Expense: 5987.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Woods Pamela M
Bought by
Kennard Hill & Woods Llc
Current Estimated Value
$555,783

Purchase Details

Listed on
Jun 28, 2017
Closed on
Aug 10, 2017
Sold by
Carabetta Vincent J and Carabetta Carol S
Bought by
Wood Pamela M
Seller's Agent
David Walsh
Realty Executives Arizona Territory
Buyer's Agent
Holly Butler
Realty Executives Arizona Territory
List Price
$320,000
Sold Price
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$192,000
Outstanding Balance
$160,209
Interest Rate
3.96%
Mortgage Type
Seller Take Back
Estimated Equity
$395,574
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kennard Hill & Woods Llc -- None Available
Wood Pamela M $320,000 Stewart Title & Tr Of Tucson
Wood Pamela M $320,000 Stewart Title & Tr Of Tucson
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Pamela M $192,000
Closed Wood Pamela M $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $320,000 0.0% $165 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $320,000 -- $165 / 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 $2,899 $21,919 -- --
2024 $2,622 $20,875 -- --
2023 $2,622 $19,881 -- --
2022 $2,637 $18,934 $0 $0
2021 $2,622 $17,174 $0 $0
2020 $2,542 $24,794 $0 $0
2019 $2,509 $24,776 $0 $0
2018 $2,454 $14,835 $0 $0
2017 $2,440 $14,835 $0 $0
2016 $2,383 $14,129 $0 $0
2015 $2,310 $13,456 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21711288

MLS of Southern Arizona

APN: 124-08-1800