NOT LISTED FOR SALE

39 Ok St Bisbee, AZ 85603

Estimated Value: $88,000 - $304,435

-- Bed
7 Baths
1,100 Sq Ft
$174/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $495,000 $450 Per Sq Ft

Current estimated payment $1,036/month

17 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Lowell School Rated 9+
  • Ceiling Fan
  • 2-minute walk to Old City Park

About This Home

As of September 2021

Old Bisbee Picturesque Mountainside Jewel! Best View Apartments, a beautiful 4-Plex surrounded by nature - with p-a-n-o-r-a-m-i-c Old Bisbee & mountain views from the beautiful Look-out Terrace! The stately 2-story building has 3 nice roomy, clean and move-in ready Rental Units. There is an upgraded 'Owner/Manager Unit' with new Kitchen & Bath, spacious front gated/covered Patio area, bar, large cabinet for storage, and a small storage Shed, just around the side of the building. A covered clean communal Laundry area is between the Units on the lower level for use of Tenants with 'Rules in Place'! This is one of Bisbee's unique properties perched above and overlooking Old Bisbee! A great investment for upper priced monthly rental income. A beautiful property, will sell quickly!!!

Last Agent to Sell the Property

Garland Smith

Rio Verde Realty License #BR104078000 Listed on: 07/08/2021

Last Buyer's Agent

Raquel Rodriguez

Real Broker License #SA570532000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,650

Year Built

  • Built in 1905

Parking

  • On-Street Parking

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

  • Greenway Primary Elementary School
  • Lowell School - Bisbee Middle School
  • Bisbee High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Individual Controls for Heating
  • Wall Furnace
  • Window Unit Heating System
  • Private Water Source
  • Master Water Meter

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer
  • Legal Lot and Block 32 33 34 / 1 BISBEE
  • Assessor Parcel Number 103-62-311

Community Details

Overview

  • 4 Units
  • Building Dimensions are 43,494
  • Bisbee Subdivision

Building Details

  • Operating Expense $2,650
  • Gross Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,650

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Cross Street: Naco Road & OK Street
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1905
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: BISBEE
  • Cooling:Ceiling Fan(s): Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, Painted, Stucco
  • Roof: Metal

Garage/Parking

  • Parking Features: None, On Street
  • Attached Garage: No
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Window/Wall Unit
  • Heating: Individual, Window/Wall Unit(s), Electric, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, Private
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Guard Gate: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Interior Amenities:Furnished: Yes
  • Interior Amenities:Partially Furnished: Yes

Schools

  • Elementary School: Greenway Primary School
  • High School: Bisbee High School
  • Junior High Dist: Bisbee Unified District
  • Middle Or Junior School: Lowell School - Bisbee

Lot Info

  • Lot Size: 43,494
  • Additional Parcels: No
  • Parcel #: 103-62-311

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 40500.0
  • Annual Operating Expense: 2650.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2650.0
  • Tax Block: 1 BISBEE
  • Tax Book Number: 103.00
  • Tax Lot: 32 33 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2023
Sold by
37-39 Ok Street Llc
Bought by
Sky Loft 1 & 2 Llc
Current Estimated Value
$191,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Outstanding Balance
$611,712
Interest Rate
6.58%
Mortgage Type
Seller Take Back
Estimated Equity
-$420,353

Purchase Details

Closed on
Sep 13, 2012
Sold by
Cole Kevin L and Cole Elizabeth Baker
Bought by
Strati Alfred X and Strati Elissa C B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.55%
Mortgage Type
Seller Take Back
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
Sky Loft 1 & 2 Llc $800,000 Pioneer Title
Strati Alfred X $350,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sky Loft 1 & 2 Llc $632,000
Previous Owner Strati Alfred X $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2021 09/15/21 Sold $495,000 -6.4% $450 / Sq Ft
09/01/2021 09/01/21 For Sale $529,000 0.0% $481 / Sq Ft
09/01/2021 09/01/21 Price Changed $529,000 0.0% $481 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $529,000 -- $481 / 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 $398 $6,739 $5,730 $1,009
2024 $398 $6,570 $5,730 $840
2023 $378 $8,515 $4,200 $4,315
2022 $231 $2,007 $1,498 $509
2021 $343 $3,555 $1,498 $2,057
2020 $403 $0 $0 $0
2019 $404 $0 $0 $0
2018 $422 $0 $0 $0
2017 $400 $0 $0 $0
2016 $375 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6263206

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-62-313