NOT LISTED FOR SALE

Estimated Value: $300,000 - $369,000

Studio
2 Baths
1,775 Sq Ft
$187/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $105,000 $59 Per Sq Ft

Est. 215% increase in value since last sale

Current estimated payment $1,918/month

19 Days on Market

Highlights

  • Contemporary Architecture
  • Brick or Stone Mason
  • 1-Story Property
  • No HOA
  • Breakfast Bar
  • Forced Air Heating and Cooling System

About This Home

As of May 2018

This duplex property has lots of potential - your PERFECT fixer-upper in the best Central location! Two separate 2-bed/1-bath units. The front unit is in good condition with a current tenant. The back unit needs some TLC and updating to come alive again. Both units got a fresh roof coat by a licensed roofer. The back unit has an almost-new AC unit. Separate electric and gas meters for each unit. Front unit pictures are from two years ago. Easy access to UA. Property is being sold AS-IS. Owner/Agent.

Last Agent to Sell the Property

Shiva Sohrabi

Tierra Antigua Realty License #SA670955000 Listed on: 04/14/2018

Tierra Antigua Realty

Last Buyer's Agent

Rana McGoldrick

Ritchie Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 61' x 147'
  • Chain Link Fence

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Contemporary Architecture
  • Fixer Upper
  • Brick or Stone Mason
  • Built-Up Roof
  • Lead Paint Disclosure

Interior Spaces

  • 1,775 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Dining Area
  • Breakfast Bar

Location

  • Ground Level

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Refrigerated and Evaporative Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Natural Gas Water Heater
  • Phone Available

Listing and Financial Details

  • $1,880 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Insurance Expense $600
  • Water Sewer Expense $1,000
  • New Taxes Expense $1,880
  • Operating Expense $3,480
  • Gross Income $14,400
  • Net Operating Income $10,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: 61' x 147'
  • Road Surface Type: Paved
  • CapRate: 10.4
  • Co List Office Mls Id: 286607
  • Subdivision Name: Almartin Addition
  • General Property Information: List Price/SqFt: 67.55
  • General Property Information: Lot Size Price/SqFt: 13.89
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: Other

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up - Reflect
  • View: None
  • Construction Type: Brick
  • Patio And Porch Features: None

Garage/Parking

  • Parking Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected, Phone Connected
  • Laundry Features: None
  • Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 1880.19
  • Annual Water Sewer Expense: 1000.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Doolen

Lot Info

  • Lot Features: Subdivided
  • Lot Size Sq Ft: 13.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1952

Rental Info

  • Utilities Paid Landscaping: Tenant
  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2017
  • New Taxes Expense: 1880.19

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 14400.0
  • Insurance Expense: 600.0
  • Property Net Operating Income: 10919.81
  • Annual Operating Expense: 3480.19

MLS Schools

  • Elementary School: Blenman
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2018
Closed on
May 2, 2018
Sold by
Sohrabi Matt and Sohrabi Shiva
Bought by
More Ronen
Seller's Agent
Shiva Sohrabi
Tierra Antigua Realty
Buyer's Agent
Rana McGoldrick
Ritchie Realty
List Price
$105,000
Sold Price
$105,000
Current Estimated Value
$331,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,151
Avg. Annual Appreciation
16.13%

Purchase Details

Listed on
May 17, 2017
Closed on
Aug 15, 2017
Sold by
Florko John W and Gwyn Lynde A
Bought by
Sohrabi Matt and Sohrabi Shiva
Seller's Agent
Sterling Bancroft
Bancroft & Associates
Buyer's Agent
Shiva Sohrabi
Tierra Antigua Realty
List Price
$85,300
Sold Price
$85,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.45%

Purchase Details

Closed on
Feb 23, 2007
Sold by
Florko John W
Bought by
Florko John W and Gwyn Lynde A

Purchase Details

Closed on
Sep 5, 2003
Sold by
Kotek Alexei and Ivanov Alexei
Bought by
Florko John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2000
Sold by
Bittick Ruth Anne
Bought by
Ivanov Alexei I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,550
Interest Rate
8.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
More Ronen $105,000 Long Title Agency Inc
Sohrabi Matt $85,300 Catalina Title Agency
Sohrabi Matt $85,300 Catalina Title Agency
Florko John W -- Tfnti
Florko John W $104,900 --
Ivanov Alexei I $78,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Florko John W $55,000
Previous Owner Ivanov Alexei I $74,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2018 05/09/18 Sold $105,000 0.0% $59 / Sq Ft
04/14/2018 04/14/18 For Sale $105,000 +23.1% $59 / Sq Ft
08/18/2017 08/18/17 Sold $85,300 0.0% $48 / Sq Ft View Prior Sale
07/19/2017 07/19/17 Pending -- -- --
11/15/2016 11/15/16 For Sale $85,300 -- $48 / 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 $2,234 $16,890 -- --
2024 $2,022 $16,086 -- --
2023 $2,022 $15,320 $0 $0
2022 $2,032 $14,590 $0 $0
2021 $2,020 $13,234 $0 $0
2020 $1,959 $14,808 $0 $0
2019 $1,933 $12,780 $0 $0
2018 $1,891 $11,432 $0 $0
2017 $1,880 $11,432 $0 $0
2016 $1,815 $10,887 $0 $0
2015 $1,759 $10,369 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21810739

MLS of Southern Arizona

APN: 111-07-2210