NOT LISTED FOR SALE

Estimated Value: $328,000 - $652,073

Studio
1 Bath
1,800 Sq Ft
$278/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $310,000 $172 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,700/month

142 Days on Market

Highlights

  • Mountain View
  • Secondary bathroom tub or shower combo
  • No HOA
  • Ranch Style House
  • Corner Lot
  • Family Room Off Kitchen

About This Home

As of July 2022

Large 900 SF, 2 Bedroom, 1 Bath on Each unit , includes washer and dryer, stove, and refrigerator, electricity individually metered to each unit. Double brick construction. midtown location , 2+ miles from University of Arizona, close to all retails , buslines, easy biking distance. There are 6 duplexes totaling 12 units for sale, can be sold separately. 6 duplexes each with own tax code, the address is : 403-405 E Delano St , 407-409 E Delano St , 411-413 E Delano St, 415-417 E Delano St, 419-421 E Delano St, 423-425 E Delano St.

Last Agent to Sell the Property

Cheri Peng

HomeSmart Advantage Group Listed on: 03/06/2022

HomeSmart Advantage Group

Last Buyer's Agent

Kaukaha Watanabe

Real Broker License #SA584368000

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 54 Sq Ft Lot
  • Lot Dimensions are 50x117
  • Chain Link Fence
  • Corner Lot

Home Design

  • Duplex
  • Ranch Style House
  • Brick or Stone Mason
  • Built-Up Roof

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 1,800 Sq Ft Home
  • Window Treatments
  • Family Room Off Kitchen
  • Ceramic Tile Flooring
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Disposal

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Keeling Elementary School
  • Amphitheater Middle School
  • Amphitheater High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Ground Level

Listing and Financial Details

  • $1,098 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $816
  • Professional Management Expense $1,222
  • New Taxes Expense $1,098
  • Operating Expense $3,136
  • Gross Income $20,040
  • Net Operating Income $16,904

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Unit Info Average Monthly Rent Two Bedroom: 835.0
  • Horses: No
  • Lot Size: 50x117
  • Road Surface Type: Paved
  • CapRate: 5.45
  • Professional Management Expense: 1222.0
  • Co List Office Mls Id: 5169
  • Subdivision Name: Coronado Heights
  • General Property Information: List Price/SqFt: 177.77
  • General Property Information: Lot Size Price/SqFt: 54.82
  • Special Features: None

Interior Features

  • Interior Steps: No
  • Appliances: Disposal, Electric Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: Mountain(s)
  • Construction Type: Brick
  • Patio And Porch Features: Patio

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Dryer Included, Washer Included, In Kitchen
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 1098.0

Schools

  • Junior High Dist: Amphitheater
  • Middle Or Junior School: Amphitheater

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 54.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1989

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2021
  • New Taxes Expense: 1098.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 20040.0
  • Insurance Expense: 816.0
  • Property Net Operating Income: 16904.0
  • Annual Operating Expense: 3136.0

MLS Schools

  • Elementary School: Keeling
  • High School: Amphitheater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2019
Sold by
Usge Holdings Of Arizona Xxxii Llc
Bought by
Lai Ting Chun
Current Estimated Value
$499,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2019
Sold by
403 425 E Delano Llc
Bought by
Usge Holdings Of Arizona Xxxii Llc

Purchase Details

Closed on
Nov 17, 2015
Sold by
Brittenham Scott
Bought by
403 & 425 E Delano Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2015
Sold by
Olson Art
Bought by
Brittenham Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2015
Sold by
Highland Green Llc
Bought by
Olson Art

Purchase Details

Closed on
Jun 14, 2011
Sold by
Karkri Llc
Bought by
Highland Green Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 26, 2009
Sold by
Moens Guido and Moens Guido Hr
Bought by
Karkri Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lai Ting Chun $145,000 Title Security Agency
Usge Holdings Of Arizona Xxxii Llc $895,000 Accommodation
403 & 425 E Delano Llc -- None Available
403 & 425 E Delano Llc -- None Available
Brittenham Scott $560,000 Signature Title Agency Az Ll
Olson Art -- None Available
Highland Green Llc $435,000 Longt
Karkri Llc -- Tstti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lai Ting Chun $108,750
Previous Owner Brittenham Scott $355,500
Previous Owner Highland Green Llc $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2022 07/29/22 Sold $310,000 -3.1% $172 / Sq Ft
04/15/2022 04/15/22 Price Changed $319,990 -2.7% $178 / Sq Ft
03/06/2022 03/06/22 For Sale $328,800 0.0% $183 / Sq Ft
11/04/2021 11/04/21 Off Market $875 -- --
11/03/2021 11/03/21 Rented $875 0.0% --
10/12/2021 10/12/21 For Rent $875 0.0% --
01/21/2020 01/21/20 Sold $145,000 0.0% $81 / Sq Ft View Prior Sale
12/22/2019 12/22/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $145,000 -- $81 / 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 $1,059 $9,857 -- --
2024 $1,098 $9,387 -- --
2023 $1,098 $8,940 -- --
2022 $1,122 $8,515 $0 $0
2021 $1,098 $7,723 $0 $0
2020 $1,091 $7,723 $0 $0
2019 $1,071 $8,574 $0 $0
2018 $1,037 $6,721 $0 $0
2016 $979 $6,401 $0 $0
2015 $932 $6,096 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22205884

MLS of Southern Arizona

APN: 107-11-0350