NOT LISTED FOR SALE

218 E Business Loop Bowie, AZ 85605

Estimated Value: $49,220

Studio
2 Baths
4,476 Sq Ft
$11/Sq Ft Est. Value

Sale Details

Date Sold: April 7, 2023

Last sale price $45,000 $10 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $317 / mo

530 Days on Market

About This Home

As of April 2023

Originally this property was the Steam Heat Motel. It also has been used as rentals. It needs extensive renovations.

Lots of opportunity to fix up and rent as apartments, motel, or Air BNB.

Bowie is Rambo County! Lots of outdoor recreation in the area for camping, off road fun, hiking. Attractions include Chiricahua National Monument, Fort Bowie National Historic Site, Hot Well Dunes Recreation Area, Courtland Ghost Town, Roper Lake State Park, Shakespeare Ghost Town, & Coronado Vineyards.

Sold as Is. Owner Agent

Last Agent to Sell the Property

Jack Hilton

Hilton Realty Corporation License #BR017633000 Listed on: 10/14/2021

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $624

Year Built

  • Built in 1946

Lot Details

  • 0.59

Home Design

  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • On-Street Parking

Listing and Financial Details

  • Legal Lot and Block 14 / 13
  • Assessor Parcel Number 302-14-073

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 139.88 x 185.61
  • Bowie Subdivision

Building Details

  • Operating Expense $624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$624

Year Built

Built in 1946

Lot Details

0.59 Acres

Listing Details

  • Cross Street: I-10 Business Loop & Washington Ave
  • Property Type: Multiple Dwellings
  • Zoning: Rental Resident
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: BOWIE
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Bowie Unified District

Lot Info

  • Lot Size: 139.88 x 185.61
  • Additional Parcels: No
  • Parcel #: 302-14-073

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 12
  • Annual Operating Expense: 624.0

Tax Info

  • Tax Annual Amount: 624.0
  • Tax Block: 13
  • Tax Book Number: 302.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
Zhang Johnny Feng
Bought by
Steam Heat Properties Llc
Current Estimated Value
$49,220

Purchase Details

Listed on
Oct 14, 2021
Closed on
Apr 7, 2023
Sold by
Magnificent Properties Llc
Bought by
Zhang Johnny Feng
Seller's Agent
Jack Hilton
Hilton Realty Corporation
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$89,900
Sold Price
$45,000
Premium/Discount to List
-$44,900
-49.94%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Jan 4, 2023
Sold by
Best House Deals Llc
Bought by
Magnificent Properties Llc

Purchase Details

Closed on
Jul 21, 2006
Sold by
Cooke Thomas W and Cooke Mary M
Bought by
Hahn Dianna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.57%
Mortgage Type
Seller Take Back
Source: Public Records
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

Purchase History

Date Buyer Sale Price Title Company
Steam Heat Properties Llc -- None Listed On Document
Zhang Johnny Feng $45,000 Fidelity National Title
Magnificent Properties Llc -- --
Hahn Dianna $50,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hahn Dianna $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2023 04/07/23 Sold $45,000 -43.7% $10 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
01/18/2023 01/18/23 Price Changed $79,900 -11.1% $18 / Sq Ft
10/17/2022 10/17/22 For Sale $89,900 +99.8% $20 / Sq Ft
10/15/2022 10/15/22 Off Market $45,000 -- --
05/02/2022 05/02/22 Price Changed $89,900 -10.0% $20 / Sq Ft
10/14/2021 10/14/21 For Sale $99,900 -- $22 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $628 $11,758 $1,125 $10,633
2024 $628 $4,335 $1,125 $3,210
2023 $626 $4,335 $1,125 $3,210
2022 $619 $4,335 $1,125 $3,210
2021 $624 $4,335 $1,125 $3,210
2020 $629 $0 $0 $0
2019 $612 $0 $0 $0
2018 $590 $0 $0 $0
2017 $584 $0 $0 $0
2016 $575 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6307496

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-14-073

Your Personal Tour Guide

Ask me questions while you tour the home.