NOT LISTED FOR SALE

Estimated Value: $188,346 - $264,000

Studio
4 Baths
1,485 Sq Ft
$159/Sq Ft Est. Value

Last Sold December 12, 2013

Last sale price $67,000 $45 Per Sq Ft

Est. 384% increase in value since last sale

Current estimated payment $1,754/month

36 Days on Market

About This Home

As of December 2013

Fantastic cash flow investment with stable long term tenant. The same tenant has lived here for over 20 years and rent always comes on time. One unit is rented for $495, the other $500 and that is below market rent. The returns on this at this price are amazing. Tenants do not know it is for sale, please do not disturb them. Individually metered utilities, tenant pays all utilities.

Last Agent to Sell the Property

Eric Kimble

Perkinson Properties Corporati Listed on: 10/02/2013

Last Buyer's Agent

Dina Westermeyer

Guadalupe Mitz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $831

Year Built

  • Built in 1952

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • 1,485 Sq Ft Home
  • Duplex

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $830 special tax assessment

Community Details

Overview

  • Sunland Gardens Subdivision

Building Details

  • Insurance Expense $500
  • Gross Income $11,940
  • Net Operating Income $10,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$831

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Legal Description: Sunland Gardens Amended Lot 87
  • List Price per Sq Ft: 46.46
  • Unit Info Average Monthly Rent Two Bedroom: 500.00
  • Unit Info Number Of Units2 B R: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 1485.00

Exterior Features

  • Construction: Slump Block

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 830.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.19
  • Lot Dimensions: Unknown
  • Lot Size Price Sq Ft: 8.34
  • Lot Sq Ft: 8276.00
  • Lot Sz Sold Prc Sq Ft: 8.10
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1952

Tax Info

  • Tax Code: 132-11-0950
  • Taxes: 830.70
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2013
Closed on
Nov 7, 2013
Sold by
Dynamic Growth Properties Llc
Bought by
Suri Sanjay
Seller's Agent
Eric Kimble
Perkinson Properties Corporati
Buyer's Agent
Dina Westermeyer
Guadalupe Mitz
List Price
$67,000
Sold Price
$67,000
Current Estimated Value
$324,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,375
Avg. Annual Appreciation
11.00%
Original Mortgage
$50,250
Outstanding Balance
$37,190
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$199,647

Purchase Details

Closed on
Aug 5, 2013
Sold by
Alfonso Thomas and Alfonso Nancy Ann
Bought by
Dynamic Growth Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.46%
Mortgage Type
New Conventional
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
Suri Sanjay $67,000 None Available
Suri Sanjay $67,000 None Available
Dynamic Growth Properties Llc $700,000 Empire West Title Agency
Dynamic Growth Properties Llc $700,000 Empire West Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suri Sanjay $50,250
Closed Suri Sanjay $50,250
Previous Owner Dynamic Growth Properties Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2013 12/12/13 Sold $67,000 0.0% $45 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $67,000 -- $45 / 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 $688 $5,204 -- --
2024 $622 $4,956 -- --
2023 $622 $4,720 -- --
2022 $626 $4,496 $0 $0
2021 $622 $4,078 $0 $0
2020 $604 $7,337 $0 $0
2019 $596 $6,592 $0 $0
2018 $583 $3,522 $0 $0
2016 $579 $3,355 $0 $0
2015 $562 $3,195 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21326566

MLS of Southern Arizona

APN: 132-11-0950