NOT LISTED FOR SALE

Estimated Value: $422,000 - $477,000

6 Beds
3 Baths
2,467 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $220,000 $89 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $2,582/month

94 Days on Market

Highlights

  • Ranch Style House
  • Ceramic Tile Flooring
  • Combination Dining and Living Room
  • Great Room
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of March 2018

12 apartment complex is comprised of 4 triplexes on 4 different parcels. Great opportunity to purchase investment property with FannieMae financing. Low interest rates with no stops. Units have covered parking, fireplaces, washer/dryer hookups and fenced yards. Property is in excellent shape with new roofs replaced in the last 2 years. Market rent is $675 however there are several long term tenants at below market rents. All 4 triplexes must be sold and closed simultaneously.

Last Agent to Sell the Property

Mick Cluck

Coldwell Banker Realty Listed on: 12/15/2017

Last Buyer's Agent

Danny Little

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,874

Year Built

  • Built in 1981

Lot Details

  • 5,565 Sq Ft Lot
  • Lot Dimensions are 53x105
  • Fenced
  • Back and Front Yard

Home Design

  • Triplex
  • Ranch Style House
  • Built-Up Roof

Interior Spaces

  • 2,467 Sq Ft Home
  • Great Room
  • Combination Dining and Living Room

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Location

  • Ground Level

Schools

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

Utilities

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

Listing and Financial Details

  • $1,874 special tax assessment

Community Details

Overview

  • Park Place Subdivision

Building Details

  • Insurance Expense $689
  • Maintenance Expense $2,929
  • Professional Management Expense $1,640
  • Water Sewer Expense $1,868
  • Gross Income $22,080
  • Net Operating Income $12,541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,874

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Style: Ranch
  • Technology: Pre-Wired Tele Lines
  • Accessibility Options: None
  • Legal Description: Park Place Lot 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 95.26
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 2467.00
  • Bathroom Features: None
  • Breakfast: None
  • Dining Areas: Dining in LR/GR
  • Dining Room: None
  • Laundry Other: inside
  • Living Areas: Great Room
  • Extra Room: None
  • Kitchen Features: Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Other
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: Shared Fence
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck Other: Yard
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 1

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: None

Fee Information

  • Expenses Admin Expenses: 539.00
  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 2929.00
  • Expenses Taxes Assessments: 1874.00

Schools

  • School District: TUSD
  • Elementary School: Blenman
  • Middle School: Doolen
  • High School: Catalina

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.11
  • Lot Dimensions: 53x105
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 42.23
  • Lot Sq Ft: 5565.00
  • Lot Sz Sold Prc Sq Ft: 39.53
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1981

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Pool Spa Maintenance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 111-07-3970
  • Taxes: 1874.00
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Blenman
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2017
Closed on
Apr 5, 2018
Sold by
Human Steven Alan and Mayfield Deborah O
Bought by
Human Mayfield Properties Llc
Seller's Agent
Mick Cluck
Coldwell Banker Realty
Buyer's Agent
Danny Little
Tierra Antigua Realty
List Price
$220,000
Sold Price
$220,000
Total Days on Market
94
Current Estimated Value
$455,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,667
Avg. Annual Appreciation
10.67%
Original Mortgage
$165,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 15, 2017
Closed on
Mar 26, 2018
Sold by
Lominac Lonnie H and Lominac Susan M
Bought by
Human Steven Alan
Seller's Agent
Mick Cluck
Coldwell Banker Realty
Buyer's Agent
Danny Little
Tierra Antigua Realty
List Price
$220,000
Sold Price
$220,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2004
Sold by
Lominac Lonnie H and Lominac Susan M
Bought by
Lominac Lonnie H and Lominac Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.69%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 3, 2001
Sold by
Chen Joseph D and Chen Tien Min W
Bought by
Lominac Lonnie H and Lominac Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,250
Interest Rate
6.92%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Human Mayfield Properties Llc -- Accommodation
Human Mayfield Properties Llc -- Accommodation
Human Steven Alan $220,000 Stewart Title & Trust Of Tuc
Human Steven Alan $220,000 Stewart Title & Trust Of Tuc
Lominac Lonnie H -- --
Lominac Lonnie H -- --
Lominac Lonnie H $134,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Human Mayfield Properties Llc $800,000
Closed Human Steven Alan $165,000
Previous Owner Lominac Lonnie H $116,900
Previous Owner Lominac Lonnie H $129,500
Previous Owner Lominac Lonnie H $121,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $220,000 0.0% $89 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $220,000 -- $89 / 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
2024 $1,970 $15,670 -- --
2023 $1,970 $14,924 $0 $0
2022 $1,980 $14,213 $0 $0
2021 $1,968 $12,892 $0 $0
2020 $1,908 $14,509 $0 $0
2019 $1,883 $12,629 $0 $0
2018 $1,842 $11,395 $0 $0
2017 $1,874 $11,395 $0 $0
2016 $1,927 $11,395 $0 $0
2015 $1,961 $11,395 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21731888

MLS of Southern Arizona

APN: 111-07-3970