NOT LISTED FOR SALE

289 Camino Panama Rio Rico, AZ 85648

Estimated Value: $342,000 - $429,000

5 Beds
2.5 Baths
2,981 Sq Ft
$133/Sq Ft Est. Value

Last Sold March 06, 2015

Last sale price $73,000 $24 Per Sq Ft

Est. 442% increase in value since last sale

Current estimated payment $2,368/month

109 Days on Market

Highlights

  • RV Parking in Community
  • Vaulted Ceiling
  • Walk-In Closet
  • Mountain View
  • Eat-In Kitchen
  • Bathtub with Shower

About This Home

As of March 2015

Seller wants CASH ONLY. Home is being sold in ''AS IS'' condition. Home is in above average condition and had interior recently painted.

Last Agent to Sell the Property

Louie Morales

Century 21 Success Realty Listed on: 10/31/2014

Century 21 Success Realty

Last Buyer's Agent

Lupita Munguia

Long Realty Tubac, Rio Rico, N

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,691

Year Built

  • Built in 1989

Lot Details

  • 0.47 Acre Lot
  • Desert Landscape
  • Landscaped with Trees

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Siding

Interior Spaces

  • 2,981 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Great Room with Fireplace
  • Dining Room
  • Mountain Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower

Parking

  • 2 Car Garage
  • Garage Door Opener
  • No Driveway

Location

  • Flood Zone Lot

Schools

  • Rio Rico High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Propane Water Heater
  • Septic System

Community Details

  • Rio Rico Ranchettes 3 Subdivision
  • RV Parking in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,691

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Dwelling Type: Single Family Residence
  • Accessibility Options: None
  • Legal Description: Rio Rico Ranchettes #3, Lot 46, Block25
  • Misc Deletes Oven: Double
  • Building Stories: One
  • List Price per Sq Ft: 28.48
  • Subdivision Restrict C C And Rs: Yes
  • Additional Bathroom Features: Shower & Tub
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Vaulted Ceilings, Walk In Closet(s)
  • Fireplace: Wood Burning
  • Fireplace Location: Great Room
  • Number Of Fireplaces: 1.00
  • Window Coverings: None
  • Floor Covering: Carpet, Ceramic Tile
  • Bedrooms: 5
  • Master Bathroom Features: Double Vanity, Shower & Tub
  • Total Bathrooms: 2.50
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: No
  • Breakfast: Eat-In
  • Dining Room: Area
  • Kitchen Features Countertops: Laminate
  • Laundry: Laundry Room
  • Extra Room: None
  • Combined Sq Ft: 2981.00
  • Kitchen Features: Dishwasher, Double Sink, Electric Range
  • Main House Sq Ft: 2981.00
  • Source Of Sq Ft: Assessor

Exterior Features

  • Construction: Siding, Wood Frame
  • Construction Status: Existing
  • ExteriorFeatures: None
  • F E M A Flood Zone: Yes
  • Fence: None
  • Guest Facilities: None
  • Landscape Front: Natural Desert, Trees
  • Landscape Rear: Natural Desert, Trees
  • Patio Deck: None
  • Pool: None
  • Roof: Shingle
  • Spa: None
  • View: Mountains

Garage/Parking

  • Driveway: None
  • Garage Carport Feat: Electric Door Opener
  • Number Of Garage Spaces: 2.00
  • Rv Parking: Space Available

Utilities

  • Water: Water Company
  • Water Heater: Propane
  • Gas Company: Propane
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Septic

Condo/Co-op/Association

  • Association Amenities: None

Schools

  • School District: Santa Cruz Valley United School District #35
  • High School: Rio Rico High School

Lot Info

  • Property Group ID: 19990816212109142258000000
  • Horse Property: No
  • Lot Acres: 0.47
  • Municipal Flood Zone: TBD

Building Info

  • Year Built: 1989

Tax Info

  • Tax Code: 116-01-179
  • Taxes: 1690.98
  • Tax Year: 2013
  • Taxes For: Dwelling & Land

MLS Schools

  • High School: Rio Rico High School
  • School District: Santa Cruz Valley United School District #35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2014
Closed on
Mar 4, 2015
Sold by
Hernando Investment Fund Llc
Bought by
Atlas Equity Investments Llc
Seller's Agent
Louie Morales
Century 21 Success Realty
Buyer's Agent
Lupita Munguia
Long Realty Tubac, Rio Rico, N
List Price
$73,000
Sold Price
$73,000
Current Estimated Value
$395,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,637
Avg. Annual Appreciation
17.52%
Original Mortgage
$125,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 30, 2013
Closed on
Sep 23, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hernando Investment Fund Llc
Seller's Agent
Louie Morales
Century 21 Success Realty
Buyer's Agent
Scc Unknown Member
SCC Unkown Office
List Price
$40,752
Sold Price
$40,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
383.34%
Original Mortgage
$5,000,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2013
Sold by
Bokf Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 6, 2013
Sold by
Rodriguez Rafaela
Bought by
Bokf Na
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
Atlas Equity Investments Llc $73,000 Lawyers Title Of Arizona Inc
Hernando Investment Fund Llc $40,752 Title Security Agency Llc
Federal Home Loan Mortgage Corporation -- Great American Title Agency
Bokf Na -- Great American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atlas Equity Investments Llc $122,094
Closed Atlas Equity Investments Llc $125,000
Previous Owner Hernando Investment Fund Llc $5,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2015 03/06/15 Sold $73,000 0.0% $24 / Sq Ft
02/04/2015 02/04/15 Pending -- -- --
10/31/2014 10/31/14 For Sale $73,000 +79.1% $24 / Sq Ft
10/22/2014 10/22/14 Sold $40,752 0.0% $14 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
08/30/2013 08/30/13 For Sale $40,752 -- $14 / 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 $2,560 $29,870 $1,050 $28,820
2024 $2,560 $30,664 $900 $29,764
2023 $2,486 $25,521 $550 $24,971
2022 $2,432 $20,413 $550 $19,863
2021 $2,403 $16,935 $550 $16,385
2020 $2,276 $17,341 $620 $16,721
2019 $1,975 $16,183 $620 $15,563
2018 $1,884 $14,202 $620 $13,582
2017 $1,794 $13,978 $500 $13,478
2016 $3,285 $12,596 $500 $12,096
2015 $1,821 $13,601 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Louie Morales

    Seller's Agent in 2015

    Louie Morales

    Century 21 Success Realty

    (520) 287-3000

    59 Total Sales

    Louie Morales
    Section Image

  • L

    Buyer's Agent in 2015

    Lupita Munguia

    Long Realty Tubac, Rio Rico, N

    (520) 313-5182

    19 Total Sales

    Lupita Munguia
    Section Image

  • S

    Buyer's Agent in 2014

    Scc Unknown Member

    SCC Unkown Office

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 4114788

MLS of Southern Arizona

APN: 116-01-179

Arizona Santa Cruz County Rio Rico 85648

289 Camino Panama, Rio Rico, AZ

This home is located at 289 Camino Panama, Rio Rico, AZ 85648 since 31 October 2014 and is currently estimated at $395,637, approximately $132 per square foot. This property was built in 1989. 289 Camino Panama is a home located in Santa Cruz County with nearby schools including Rio Rico High School.

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