NOT LISTED FOR SALE

Estimated Value: $302,000 - $354,000

Studio
1 Bath
1,479 Sq Ft
$219/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $303,000 $205 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,776/month

21 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Brick or Stone Mason
  • Secondary bathroom tub or shower combo
  • Eat-In Kitchen
  • Living Room

About This Home

As of June 2023

Wire cut brick duplex located in fantastic location, blocks away from Reid park Community Center, Randolph Golf, shopping and restaurants. Each unit with 2 spacious bedrooms, full bathroom, comfortable living room, eat-in kitchen equipped with gas range and refrigerator. Laundry facilities on back porches. Each unit has a private wood fenced backyard. Long term tenants reside in each unit, each on a month to month lease. Live in one unit, rent the other, or AirB&B. Units are metered separately. Spacious lot on almost 1/4 acre.

Last Agent to Sell the Property

Sharon Andresen

RE/MAX Excalibur Realty Listed on: 05/18/2023

Last Buyer's Agent

Shaun McClusky

Rincon Ventures, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 27 Sq Ft Lot
  • Lot Dimensions are 66x132x65x132
  • Desert faces the front of the property
  • Wood Fence
  • Landscaped with Trees

Home Design

  • Duplex
  • Bungalow
  • Brick or Stone Mason
  • Shingle Roof
  • Lead Paint Disclosure

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 1,479 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Living Room
  • Concrete Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Range

Parking

  • 2 Parking Spaces
  • Driveway
  • RV Access or Parking

Schools

  • Lineweaver Elementary School
  • Vail Middle School
  • Rincon High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $1,216 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $800
  • Professional Management Expense $1,500
  • New Taxes Expense $1,216
  • Operating Expense $3,516
  • Gross Income $19,080
  • Net Operating Income $15,564

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

27 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Unit Info Average Monthly Rent Two Bedroom: 795.0
  • Horses: No
  • Lot Size: 66x132x65x132
  • Road Surface Type: Paved
  • CapRate: 5.14
  • Professional Management Expense: 1500.0
  • Co List Office Mls Id: 453501
  • Subdivision Name: Other/Unknown
  • General Property Information: List Price/SqFt: 185.94
  • General Property Information: Lot Size Price/SqFt: 27.21
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: White
  • Interior Steps: No
  • Appliances: Gas Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Shingle
  • View: None
  • Construction Type: Brick
  • Patio And Porch Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Other
  • Cooling: Evaporative Cooling
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 1216.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Vail

Lot Info

  • Lot Features: North/South Exposure, Decorative Gravel
  • Lot Size Sq Ft: 27.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1949

Rental Info

  • Utilities Paid Landscaping: Tenant
  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2022
  • New Taxes Expense: 1216.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19080.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 15564.0
  • Annual Operating Expense: 3516.0

MLS Schools

  • Elementary School: Lineweaver
  • High School: Rincon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2024
Sold by
Lewis Ira
Bought by
Catalina Llc
Current Estimated Value
$323,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Outstanding Balance
$213,846
Interest Rate
6.29%
Mortgage Type
Balloon
Estimated Equity
$109,435

Purchase Details

Closed on
Mar 19, 2024
Sold by
Lewis Ira
Bought by
Catalina Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Outstanding Balance
$213,846
Interest Rate
6.29%
Mortgage Type
Balloon
Estimated Equity
$109,435

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 8, 2023
Sold by
Walton R Willis Iii Trust
Bought by
Catalina Llc
Seller's Agent
Sharon Andresen
RE/MAX Excalibur Realty
Buyer's Agent
Shaun McClusky
Rincon Ventures, Inc.
List Price
$275,000
Sold Price
$303,000
Premium/Discount to List
$28,000
10.18%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 6, 2023
Sold by
Walton R Willis Iii Trust and Willis Walton R
Bought by
Catalina Llc
Seller's Agent
Sharon Andresen
RE/MAX Excalibur Realty
Buyer's Agent
Shaun McClusky
Rincon Ventures, Inc.
List Price
$275,000
Sold Price
$303,000
Premium/Discount to List
$28,000
10.18%
Views
58

Purchase Details

Closed on
Nov 29, 2016
Sold by
Willis Walton R
Bought by
Willis Walton R

Purchase Details

Closed on
Feb 18, 2005
Sold by
Ryan Robert J
Bought by
Willis Walton R

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
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 1999
Sold by
Kincaid Kevin E and Kincaid Marilyn A
Bought by
Ryan Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,350
Interest Rate
7.04%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Catalina Llc -- Pioneer Title
Lewis Ira -- Pioneer Title
Catalina Llc -- Pioneer Title
Lewis Ira -- Pioneer Title
Catalina Llc $303,000 Pioneer Title
Catalina Llc $303,000 Pioneer Title
Willis Walton R -- None Available
Willis Walton R $185,000 --
Willis Walton R $185,000 --
Ryan Robert J $86,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Ira $231,000
Closed Lewis Ira $231,000
Previous Owner Willis Walton R $148,000
Previous Owner Ryan Robert J $86,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $303,000 +10.2% $205 / Sq Ft
05/17/2023 05/17/23 For Sale $275,000 -- $186 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $1,337 $10,612 -- --
2025 $1,337 $10,107 -- --
2024 $1,209 $9,626 -- --
2023 $1,209 $9,167 -- --
2022 $1,216 $8,731 $0 $0
2021 $1,209 $7,919 $0 $0
2020 $1,172 $10,752 $0 $0
2019 $1,157 $9,412 $0 $0
2018 $1,131 $6,841 $0 $0
2016 $1,104 $6,515 $0 $0
2015 $1,071 $6,205 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22310829

MLS of Southern Arizona

APN: 126-16-3340

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