NOT LISTED FOR SALE

Estimated Value: $267,000 - $364,000

5 Beds
3 Baths
1,983 Sq Ft
$162/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $196,000 $99 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,827/month

127 Days on Market

Highlights

  • Ranch Style House
  • Breakfast Area or Nook
  • Patio
  • Great Room
  • Bathtub with Shower
  • Laundry closet

About This Home

As of June 2018

A great investment opportunity... 2 structures, the front building is split. A 2bed 1 bath and a studio is attached with 1 bed. as well... Then there is a seperate Guest house that is a 2 bed/1 bath. All three seperate tennants. Nearly 2K a month of gross incomes. Very well maintained and fully occupied.

Last Agent to Sell the Property

Michael Rhodes

Realty Executives Arizona Territory License #SA569783000 Listed on: 01/25/2018

Realty Executives Arizona Territory

Last Buyer's Agent

Susan Billings

Long Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,075

Year Built

  • Built in 1949

Lot Details

  • 8,650 Sq Ft Lot
  • Wood Fence
  • Back Yard

Home Design

  • Duplex
  • Ranch Style House
  • Built-Up Roof
  • Masonry

Interior Spaces

  • 1,983 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Family Room
  • Dining Room
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Primary Bathroom includes a Walk-In Shower

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Schools

  • Wright Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Patio
  • Ground Level

Listing and Financial Details

  • $2,075 special tax assessment

Community Details

Overview

  • Paloma Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $650
  • Maintenance Expense $1,500
  • Professional Management Expense $2,000
  • Gross Income $21,660
  • Net Operating Income $15,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,075

Year Built

Built in 1949

Lot Details

8,650 Sq Ft Lot

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Ranch
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: From Parcel:001010010/Paloma Lot 16 Blk 4
  • Attached Detached: Detached
  • List Price per Sq Ft: 97.83
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector
  • Window Coverings: Some
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 1983.00
  • Bathroom Features: Shower & Tub/Primary, Shower Only/Primary
  • Breakfast: Area, Eat-In
  • Dining Areas: Breakfast Nook, Eat-In Kitchen
  • Dining Room: Area
  • Kitchen Features Appliance Color: White
  • Living Areas: Family Room, Great Room
  • Laundry: Facility, Laundry Closet
  • Extra Room: None
  • Kitchen Features: Breakfast Bar, Dishwasher

Exterior Features

  • Construction: Masonry Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Dual, Evaporative Cooling, Wall Unit(s)
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 1500.00
  • Expenses Taxes Assessments: 2074.77

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.20
  • Lot Dimensions: unknown
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 22.43
  • Lot Sq Ft: 8650.00
  • Lot Sz Sold Prc Sq Ft: 22.66
  • Municipality Zoning: Pima County - CR2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1949

Rental Info

  • Utilities Paid Cable TV: Owner
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Tenant
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Tenant
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 122-07-0710
  • Taxes: 2074.77
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Wright
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Jun 5, 2018
Sold by
Morris Michael R and Morris Jocelyn E
Bought by
Johnson Andrew C
Seller's Agent
Michael Rhodes
Realty Executives Arizona Territory
Buyer's Agent
Susan Billings
Long Realty Company
List Price
$196,000
Sold Price
$196,000
Current Estimated Value
$320,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,589
Avg. Annual Appreciation
6.61%
Original Mortgage
$202,468
Outstanding Balance
$173,616
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$146,973

Purchase Details

Closed on
Feb 24, 2014
Sold by
Morris Michael R and Morris Jocelyn E
Bought by
Morris Michael R and Morris Jocelyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
Greene Judy
Bought by
Morris Michael Ray and Morris Jocelyn Eve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,800
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2001
Sold by
Deed & Note Traders Llc
Bought by
Greene Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,460
Interest Rate
6.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 28, 2001
Sold by
Kinas Deanne
Bought by
Kinas David A

Purchase Details

Closed on
Feb 27, 2001
Sold by
Kinas David A
Bought by
Deed & Note Traders Llc

Purchase Details

Closed on
Apr 7, 2000
Sold by
Kinas Deanne
Bought by
Kinas David A

Purchase Details

Closed on
Apr 5, 2000
Sold by
Penczar John T and Penczar Edna J
Bought by
Kinas David A
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
Johnson Andrew C $196,000 Title Security Agency Llc
Morris Michael R -- First American Title Ins Co
Morris Michael Ray $140,000 --
Greene Judy $101,753 --
Kinas David A -- --
Deed & Note Traders Llc -- --
Kinas David A -- --
Kinas David A -- --
Kinas David A $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Andrew C $202,468
Previous Owner Morris Michael R $176,000
Previous Owner Morris Michael Ray $111,800
Previous Owner Greene Judy $90,460
Closed Morris Michael Ray $14,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $196,000 0.0% $99 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $196,000 -- $99 / 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 $2,175 $19,571 -- --
2025 $2,175 $18,639 -- --
2024 $2,082 $17,751 -- --
2023 $1,952 $16,906 $0 $0
2022 $1,967 $16,101 $0 $0
2021 $1,973 $14,604 $0 $0
2020 $1,894 $14,604 $0 $0
2019 $1,840 $16,585 $0 $0
2018 $2,087 $12,615 $0 $0
2017 $2,075 $12,615 $0 $0
2016 $2,003 $12,015 $0 $0
2015 $1,941 $11,443 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21802606

MLS of Southern Arizona

APN: 122-07-0710

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