NOT LISTED FOR SALE

Estimated Value: $333,000 - $492,000

-- Bed
-- Bath
3,284 Sq Ft
$129/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $252,500 $77 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,455/month

28 Days on Market

About This Home

As of May 2017

Southwest Charm! GREAT UPSIDE! RENTS ARE UNDER MARKET BY OVER 10%!NEW ROOF, STUCCO, PAINT & 2 HEAT PUMPS IN 2015. Spacious 2 bedroom units with AWESOME high rough sawn wood beam ceilings in the living, dining, kitchen and AZ rooms. Private yards and covered patios. Attractive tile floors. Cabinetry & tops replaced within last 6 years on 2 units. 1 unit has dual cooling. Rents listed are actual '16.

Last Agent to Sell the Property

Mike Schulte

Schulte Company Listed on: 04/24/2017

Last Buyer's Agent

Janet Koller

Keller Williams Southern Arizona

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,141

Year Built

  • Built in 1978

Lot Details

  • 9,570 Sq Ft Lot
  • Lot Dimensions are 87x110

Home Design

  • 3,284 Sq Ft Home
  • Triplex
  • Frame With Stucco

Utilities

  • Heat Pump System

Listing and Financial Details

  • $2,141 special tax assessment

Community Details

Overview

  • Farmington Addition Subdivision

Building Details

  • Fuel Expense $113
  • Insurance Expense $800
  • Water Sewer Expense $1,517
  • Gross Income $25,027
  • Net Operating Income $20,455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,141

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Legal Description: Farmington W58' N110' Lot 4 & E29' N110' Lot 5 Blk 10
  • List Price per Sq Ft: 78.87
  • Unit Info Average Monthly Rent Two Bedroom: 698.33
  • Unit Info Number Of Units2 B R: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 3284.00

Exterior Features

  • Construction: Frame - Stucco

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Heat Pump
  • Main Heating: Heat Pump
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 113.31
  • Expenses Taxes Assessments: 2141.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.22
  • Lot Dimensions: 87X110
  • Lot Size Price Sq Ft: 27.06
  • Lot Sq Ft: 9570.00
  • Lot Sz Sold Prc Sq Ft: 26.38
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1978

Tax Info

  • Tax Code: 111-05-177M
  • Taxes: 2141.49
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2015
Sold by
Beach John L
Bought by
Hoffmaster John
Current Estimated Value
$424,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,750
Outstanding Balance
$114,989
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$309,351

Purchase Details

Closed on
Oct 6, 2009
Sold by
Beach Enterprises Llc
Bought by
Beach Investment Properties Llc

Purchase Details

Closed on
Sep 10, 2009
Sold by
Beach John L
Bought by
Beach Enterprises Llc

Purchase Details

Closed on
Jun 7, 2002
Sold by
Olmstead Rhon H
Bought by
Beach John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1993
Sold by
Olmsted Rhon H
Bought by
Olmsted Rhon H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,400
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
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
Hoffmaster John $201,000 Title Security Agency Llc
Hoffmaster John $201,000 Title Security Agency Llc
Beach Investment Properties Llc -- None Available
Beach Enterprises Llc -- None Available
Beach John L $216,675 --
Olmsted Rhon H -- Title Security
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffmaster John $150,750
Closed Hoffmaster John $150,750
Previous Owner Beach John L $162,500
Previous Owner Olmsted Rhon H $79,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold $252,500 0.0% $77 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $252,500 -- $77 / 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 $2,353 $19,673 -- --
2024 $2,353 $18,736 -- --
2023 $2,353 $17,844 -- --
2022 $2,367 $16,995 $0 $0
2021 $2,353 $15,415 $0 $0
2020 $2,282 $21,016 $0 $0
2019 $2,252 $19,473 $0 $0
2018 $2,202 $13,316 $0 $0
2017 $2,190 $13,316 $0 $0
2016 $2,141 $12,682 $0 $0
2015 $2,049 $12,078 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21711247

MLS of Southern Arizona

APN: 111-05-177M