NOT LISTED FOR SALE

Estimated Value: $247,893 - $1,716,000

Studio
2 Baths
1,270 Sq Ft
$536/Sq Ft Est. Value

Last Sold July 31, 2021

Last sale price $1,345,000 $1,059 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $3,709/month

40 Days on Market

About This Home

As of July 2021

Bali Hai Townhomes is a nine unit property comprised of four duplexes and one SFR all on separate tax codes. Well laid out on .82 acres with perimeter fencing and night lighting. There is a dedicated city park area which serves as a buffer zone between the complex and Stone Ave. Each unit includes: Central AC/heat, fenced yards, covered patios, two dedicated parking spaces and a washer and dryer in the unit. Several of the tenants are month to month long term paying below market rents, rents can easily be raised. Unit mix is One 3/2 SFR, two 2/2 townhomes and six 2/1 townhomes. Owner managed complex, meticulously maintained with no deferred maintenance built 2006-2013. Seller will finance with 30% down. Additional information under the document tab. Drive by only do not disturb the tenants

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 05/04/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,183

Year Built

  • Built in 2006

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Built-Up Roof
  • Metal Roof
  • Stucco

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot -/-/-
  • Assessor Parcel Number 105-12-058-B

Community Details

Overview

  • 5 Buildings
  • 9 Units
  • Building Dimensions are Irregular
  • S24 T13s R13e Subdivision

Building Details

  • Operating Expense $19,966
  • Gross Income $96,314
  • Net Operating Income $79,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,183

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: Limberlost & Stone
  • Legal Info Range: 13
  • Property Type: Multiple Dwellings
  • Zoning: Tucson - R2
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: S24 T13S R13E
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Free-Standing Range, Other, Dishwasher, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition, Tile, Built-Up, Metal

Garage/Parking

  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes

Fee Information

  • Annual Water Sewer Expense: 4950.0

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: Yes
  • Parcel #: 105-12-058-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 9
  • Annual Gross Income: 96314.4
  • Insurance Expense: 6183.0
  • Maintenance Expense: 2650.0
  • Property Net Operating Income: 79990.0
  • Annual Operating Expense: 19966.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 6183.0
  • Tax Book Number: 105.00
  • Tax Lot: -/-/-

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bali Hai Investments Llc
Current Estimated Value
$680,473

Purchase Details

Closed on
Jul 23, 2007
Sold by
Jacobo Melissa I
Bought by
Martin Mauro and Jacobo Melissa I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.73%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 18, 2006
Sold by
Rodriguez Adam S and Rodriguez Adam
Bought by
Jacobo Melissa I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2006
Sold by
Rodriguez Adam
Bought by
Rodriguez Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2006
Sold by
Rodriguez Adam
Bought by
Rodriguez Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2006
Sold by
Stephen David V M and Stephen Laurie M
Bought by
Rodriguez Adam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.08%
Mortgage Type
New Conventional
Source: Public Records
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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
Bali Hai Investments Llc $21,000 Tfati
Martin Mauro -- Tfati
Martin Mauro -- Tfati
Jacobo Melissa I $124,000 Tstti
Rodriguez Adam -- None Available
Rodriguez Adam -- None Available
Rodriguez Adam -- None Available
Rodriguez Adam S $198,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Mauro $148,000
Previous Owner Jacobo Melissa I $99,200
Previous Owner Rodriguez Adam S $126,000
Closed Jacobo Melissa I $24,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2021 07/31/21 Sold $1,345,000 -3.9% $1,059 / Sq Ft
05/17/2021 05/17/21 Price Changed $1,399,000 +2.5% $1,102 / Sq Ft
05/04/2021 05/04/21 For Sale $1,365,000 -- $1,075 / 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 $1,810 $14,705 -- --
2024 $1,743 $14,005 -- --
2023 $1,195 $9,432 $0 $0
2022 $1,183 $8,983 $0 $0
2021 $1,158 $6,493 $0 $0
2020 $917 $6,493 $0 $0
2019 $894 $6,184 $0 $0
2018 $908 $6,184 $0 $0
2017 $937 $6,184 $0 $0
2016 $930 $6,184 $0 $0
2015 $936 $6,117 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6231295

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-12-058B