NOT LISTED FOR SALE

2008 S 12th Ave Safford, AZ 85546

Estimated Value: $712,000 - $826,000

Studio
-- Bath
3,200 Sq Ft
$237/Sq Ft Est. Value

Sale Details

Date Sold: June 15, 2022

Last sale price $655,000 $205 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,211 / mo

40 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Ceramic Tile Flooring

About This Home

As of June 2022

FULLY REMODELED fourplex in the heart of Safford. New HVAC in one. Every unit has been remodeled within the last few years and includes NEW cabinets, NEW granite countertops, NEW stainless steel appliances, NEW light and plumbing fixtures, doors, flooring, paint, hardware. ALL exterior doors and windows replaced. Laundry room with coin operated washers and dryers. Each unit comes with an exterior storage closet. Stable tenant base, room to push rents higher.

Last Agent to Sell the Property

Keith Lytle

Mountain & Desert Properties, LLC License #BR640275000 Listed on: 03/22/2022

Last Buyer's Agent

John Tracy

Carefree Real Estate License #BR628759000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,439

Year Built

  • Built in 1981

Lot Details

  • 0.34

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • Tax Lot 134
  • Assessor Parcel Number 103-06-008-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular
  • Ramada Estates Subdivision

Building Details

  • Operating Expense $12,657
  • Gross Income $47,120
  • Net Operating Income $34,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,439

Year Built

Built in 1981

Lot Details

0.34 Acres

Listing Details

  • Cross Street: S. 12th Ave and 20th Street
  • Legal Info Range: 26E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4800.0
  • Subdivision Name: RAMADA ESTATES
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1668.0

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Junior High Dist: Out of Area
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 103-06-008-A

Multi Family

  • Owner Pays: Other
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 47120.0
  • Insurance Expense: 1250.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 34463.0
  • Annual Operating Expense: 12657.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1439.0
  • Tax Book Number: 103.00
  • Tax Lot: 134

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jun 13, 2022
Sold by
Bought by
Seller's Agent
Keith Lytle
Mountain & Desert Properties, LLC
Buyer's Agent
John Tracy
Carefree Real Estate
List Price
$694,000
Sold Price
$655,000
Premium/Discount to List
-$39,000
-5.62%
Current Estimated Value
$756,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,938
Avg. Annual Appreciation
3.66%
Original Mortgage
$458,500
Outstanding Balance
$432,494
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$324,444

Purchase Details

Listed on
Feb 3, 2020
Closed on
Mar 20, 2020
Sold by
Bought by
Seller's Agent
Dallon Schultz
H&M Arizona Real Estate Brokerage, LLC
Buyer's Agent
Keith Lytle
Mountain & Desert Properties, LLC
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.77%

Purchase Details

Closed on
Jul 16, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.55%
Mortgage Type
Seller Take Back
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$655,000 New Title Company Name
$430,000 Equitable Title Agency Llc
-- None Available
$245,000 Stewart Title & Trust Of Pho
$170,000 Safford Title Agency
-- None Available
$340,000 Pioneer Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $458,500
Previous Owner $183,750
Previous Owner $127,500
Previous Owner $272,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2022 06/15/22 Sold $655,000 -5.6% $205 / Sq Ft
03/18/2022 03/18/22 For Sale $694,000 +61.4% $217 / Sq Ft
03/23/2020 03/23/20 Sold $430,000 -4.4% $134 / Sq Ft View Prior Sale
02/03/2020 02/03/20 For Sale $450,000 -- $141 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2027 $1,556 -- -- --
2026 $1,301 -- -- --
2025 $1,301 $24,380 $1,741 $22,639
2024 $1,365 $24,988 $1,741 $23,247
2023 $1,365 $20,868 $1,741 $19,127
2022 $1,341 $18,150 $1,741 $16,409
2021 $1,439 $0 $0 $0
2020 $1,390 $0 $0 $0
2019 $1,448 $0 $0 $0
2018 $1,385 $0 $0 $0
2017 $1,259 $0 $0 $0
2016 $1,248 $0 $0 $0
2015 $1,163 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6371705

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-06-008A

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