NOT LISTED FOR SALE

Estimated Value: $1,601,912

-- Bed
-- Bath
240 Sq Ft
$6,675/Sq Ft Est. Value

Last Sold August 22, 2013

Last sale price $330,000 $1,375 Per Sq Ft

Est. 385% increase in value since last sale

Current estimated payment $9,091/month

26 Days on Market

About This Home

As of August 2013

LAND LEASE!!! NNN LEASE. Great property!! Business has been at the same location for the last 20 years. Lease was just renewed this year for 5 years with an option to renew another 5 years. Minumum Lease amount includes a percentage of the gross monthly sales less the lease amount
Tenant pays all expenses-taxes, insurance, utilities....etc. You just collect the rent!!

Last Agent to Sell the Property

Lorraine McDermott

The Virtual Realty Group License #BR536359000 Listed on: 07/22/2013

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,279

Year Built

  • Built in 1967

Lot Details

  • 0.7 Acre Lot
  • Property is zoned C-2

Home Design

  • Concrete Roof
  • Block Exterior

Interior Spaces

  • 240 Sq Ft Home
  • Concrete Flooring

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Community Details

  • Net Operating Income $24,840

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 106-03-132-C

Property Details

Property Type

Other

Est. Annual Taxes

$7,279

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: Oracle and Prince
  • Legal Info Range: 13E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Restaurant, Food Service
  • Number Of Buildings: 1
  • Year Built: 1967
  • Tax Year: 2013
  • Directions: South to property on the East side of the road.
  • Lot Size Acres: 0.7
  • Structure Type: Commercial
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Concrete
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Free: Yes

Utilities

  • Electric: City Electric
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 30492.0
  • Additional Parcels: No
  • Parcel #: 106-03-132-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 24840.0

Tax Info

  • Tax Annual Amount: 7279.0
  • Tax Book Number: 106.00
  • Tax Lot: 27
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2015
Sold by
Sam Third Llc
Bought by
Chiou Family Trust
Current Estimated Value
$1,601,912

Purchase Details

Listed on
Jul 22, 2013
Closed on
Aug 16, 2013
Sold by
Weber Todd Nathan
Bought by
Sam Third Llc
Seller's Agent
Lorraine McDermott
The Virtual Realty Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$375,000
Sold Price
$330,000
Premium/Discount to List
-$45,000
-12%
Source: Public Records

Range of Values:

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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
Chiou Family Trust $714,000 Stewart Title & Tr Of Tucson
Sam Third Llc $330,000 First American Title Ins Co
Sam Third Llc $330,000 First American Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2013 08/22/13 Sold $330,000 -12.0% $1,375 / Sq Ft
08/10/2013 08/10/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $375,000 -- $1,563 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $7,577 -- -- --
2024 $7,885 -- -- --
2023 $7,885 $0 $0 $0
2022 $8,346 $19,038 $14,316 $4,722
2021 $8,343 $58,684 $0 $0
2020 $8,292 $64,836 $0 $0
2019 $8,079 $64,836 $0 $0
2018 $7,733 $52,643 $0 $0
2017 $7,979 $51,854 $0 $0
2016 $7,917 $51,854 $0 $0
2015 $8,623 $55,888 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4971332

Arizona Regional Multiple Listing Service (ARMLS)

APN: 106-03-132C