$279,000
SOLD JUN 24, 2019
-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Recently Sold

167 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • 2-minute walk to Anza Park
  • Ceiling Fan
  • Heating System Uses Natural Gas

About This Home

As of May 2022

This is zoned as a mixed use property-What a great place for an architect or self employed occupant Fully occupied! See the Document Tab for additional information. Tenants in place and NO showings without accepted contract drive by only. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 12/06/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,429

Year Built

  • Built in 1930

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco
  • Adobe

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 115-08-102

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $11,309
  • Gross Income $30,788
  • Net Operating Income $19,478

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,429

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Speedway and 7th Avenue
  • Property Type: Multiple Dwellings
  • Zoning: C-1
  • Number Of Buildings: 2
  • Year Built: 1930
  • Tax Year: 2018
  • Directions: In Tucson-from the 1-10 exit Speedway and go East to 7th Ave (short distance) . Property is located on the northwest corner.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2880.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Sch of Personal Prop
  • Construction Type: Painted, Stucco, Adobe, Block
  • Roof: Composition, Other, See Remarks
  • Construction:Block: Yes
  • Construction:Adobe: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks), Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • 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
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Annual Fuel Expense: 1400.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 115-08-102

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30787.8
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 19478.0
  • Annual Operating Expense: 11309.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3429.0
  • Tax Book Number: 115.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 9, 2022
Sold by
Abel Levario
Bought by
Wright Tim
Seller's Agent
Alan Levario
Hot Casa Real Estate
Buyer's Agent
Anthony Schaefer
Long Realty
List Price
$595,000
Sold Price
$570,000
Premium/Discount to List
-$25,000
-4.2%
Current Estimated Value
$486,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,223
Avg. Annual Appreciation
-6.96%

Purchase Details

Listed on
Feb 19, 2019
Closed on
May 29, 2019
Sold by
Grunstein Robert M
Bought by
Levario Abel
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Abel Levario
Ascension Realty Investment LLC
List Price
$279,000
Sold Price
$279,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.15%
Original Mortgage
$273,946
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 21, 2001
Sold by
Lee Jade L
Bought by
Grunstein Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
7.19%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $570,000 New Title Company Name
Warranty Deed $279,000 Empire West Title Agency Llc
Warranty Deed $92,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $271,257 FHA
Previous Owner $273,946 FHA
Previous Owner $168,000 Construction
Previous Owner $74,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $570,000 -4.2% $190 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $595,000 +113.3% $198 / Sq Ft
06/24/2019 06/24/19 Sold $279,000 0.0% $93 / Sq Ft
06/24/2019 06/24/19 Sold $279,000 0.0% --
05/25/2019 05/25/19 Pending -- -- --
05/21/2019 05/21/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $279,000 0.0% --
04/17/2019 04/17/19 Pending -- -- --
03/26/2019 03/26/19 Price Changed $279,000 0.0% --
02/19/2019 02/19/19 For Sale $279,000 -14.2% $93 / Sq Ft
12/05/2018 12/05/18 For Sale $325,000 -- --
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
2024 $3,162 $25,178 -- --
2023 $3,162 $23,979 -- --
2022 $3,181 $22,837 $0 $0
2021 $3,162 $20,714 $0 $0
2020 $3,066 $20,714 $0 $0
2019 $3,506 $32,302 $0 $0
2018 $3,429 $20,732 $0 $0
2016 $3,300 $19,745 $0 $0
2015 $3,199 $18,805 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5854697

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-08-1020