NOT LISTED FOR SALE

Estimated Value: $883,878

0.44 Acre
$2,008,814 Price per Acre
19,166 Sq Ft Lot

Last Sold February 12, 2018

Last sale price $525,000 $28 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,130/month

391 Days on Market

Highlights

  • City View
  • Paved or Partially Paved Lot
  • 1-minute walk to Jardin Cesar Chavez
  • 0.44 Acre Lot

About This Lot

As of February 2018

Incredible opportunity to invest downtown! This commercially zoned lot, with 1600 sqft structure, is located in the Barrio Viejo neighborhood, very near the popular 5 Points area. Perfect for a potential business office, retail shop, restaurant or gallery, this C-3 zoned lot could also be transformed into the ultimate downtown live/work space. It is located in the Central Impact Fee Benefit Area and the Downtown Infill Incentive District. This is a C3 zoned commercial property.

Last Agent to Sell the Property

Beth Jones

Beth Jones Realty, LLC Listed on: 01/09/2017

Last Buyer's Agent

Non- Member

Non-Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,800

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 144x132
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Subdivision Possible
  • Property is zoned Tucson - C3

Property Views

  • City
  • Mountain

Schools

  • Carrillo Elementary School
  • Tucson High School

Utilities

  • Phone Available

Community Details

  • Tucson Subdivision
  • The community has rules related to deed restrictions

Property Details

Property Type

Land

Est. Annual Taxes

$4,800

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Legal Description: Tucson Lots 10 & 11 EXC E41.6' Thereof Blk 121
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Road Maintenance: City
  • View: City, Mountain(s), Sunset

Utilities

  • Electric: Electric Company
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Sewer: None
  • Electric Location: Available
  • Gas Location: Available
  • Phone Location: Available
  • Sewer Location: Available
  • Water Location: Available

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Neighborhood Features: Legal Access, Paved Street
  • Senior Community: No
  • Subdivision Restrictions CC&Rs: No
  • Deed Restrictions: Yes

Schools

  • School District: TUSD
  • Elementary School: Carrillo
  • High School: Tucson

Lot Info

  • Property Group ID: 19990816212131825981000000
  • Horse Property: No
  • Lot Acres: 0.44
  • Lot Dimensions: 144x132
  • Lot Features: Dividable Lot
  • Lot Sq Ft: 19000.00
  • Municipality Zoning: Tucson - C3
  • Lot Features Topography: Flat
  • Lot Sz Price Acre: 1270454.55
  • Lot Sz Sold Prc Acre: 1193181.82
  • Municipal Flood Zone: No
  • Property Use Type: Other

Tax Info

  • Tax Code: 117-07-206A
  • Taxes: 4800.00
  • Tax Year: 2016

MLS Schools

  • Elementary School: Carrillo
  • High School: Tucson
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2017
Closed on
Jan 31, 2018
Sold by
Payne Philip Machael and Payne Christopher H
Bought by
Equilibrium 28 W 18Th St Llc
Seller's Agent
Beth Jones
Beth Jones Realty, LLC
Buyer's Agent
Non- Member
Non-Member Office
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$883,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,878
Avg. Annual Appreciation
7.06%

Purchase Details

Closed on
Feb 14, 2006
Sold by
Payne Georgia A
Bought by
Payne Philip A and Payne Christopher H

Purchase Details

Closed on
Jan 6, 2006
Sold by
Lopez Mario A
Bought by
Estate Of Philip Almon Payne Jr

Purchase Details

Closed on
Oct 26, 1995
Sold by
Davis Joseph P and Davis Rea D
Bought by
Lopez Mario A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Equilibrium 28 W 18Th St Llc $525,000 Title Security Agency Llc
Payne Philip A -- Accommodation
Estate Of Philip Almon Payne Jr $180,000 Stewart Title
Estate Of Philip Almon Payne Jr $180,000 Stewart Title
Lopez Mario A $85,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equilibrium 28 W 18Th St Llc $4,375,000
Closed 28 W 18Th St Llc $3,250,000
Previous Owner Lopez Mario A $68,000
Closed Lopez Mario A $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2018 02/12/18 Sold $525,000 0.0% $28 / Sq Ft
01/13/2018 01/13/18 Pending -- -- --
01/09/2017 01/09/17 For Sale $525,000 -- $28 / 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 $4,229 $5,233 -- --
2024 $4,229 $4,984 -- --
2023 $4,229 $4,746 -- --
2022 $314 $30,542 $0 $0
2021 $4,229 $29,088 $0 $0
2020 $4,306 $29,088 $0 $0
2019 $4,461 $29,088 $0 $0
2018 $4,537 $28,800 $0 $0
2016 $4,802 $28,800 $0 $0
2015 $5,022 $29,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21700798

MLS of Southern Arizona

APN: 117-07-3470