NOT LISTED FOR SALE

Estimated Value: $269,305 - $343,000

3 Beds
3 Baths
1,502 Sq Ft
$207/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2018

Last sale price $167,500 $112 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,805 / mo

63 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Brick or Stone Mason
  • Secondary bathroom tub or shower combo
  • Breakfast Area or Nook
  • Forced Air Heating and Cooling System

About This Home

As of August 2018

Double Brick Triplex with a good central location at Speedway and Swan. All units have a private fenced yard, gas heating and off street parking. Two units have laundry hook ups. Owner managed for fourteen years with low vacancy. Owner has purchase the water/sewer line insurance program through the city. New roof was installed in 2007. Owner may consider financing with 50% down. Package is attached.

Last Agent to Sell the Property

David Walsh

Better Homes & Gardens Real Estate - SJ Fowler Listed on: 06/29/2018

Co-Listed By

Lawrence Wright

Better Homes & Gardens Real Estate - SJ Fowler License #SA031068000

Last Buyer's Agent

Michael Muehlstedt

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 125 x 60
  • Wood Fence
  • Chain Link Fence

Home Design

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

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 1,502 Sq Ft Home
  • Window Treatments
  • Family Room
  • Dining Area
  • Fire and Smoke Detector
  • Laundry Located Outside

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range

Flooring

  • Concrete
  • Vinyl

Parking

  • 6 Parking Spaces
  • Driveway

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $1,556 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $552
  • Maintenance Expense $1,798
  • Water Sewer Expense $1,450
  • New Taxes Expense $1,556
  • Operating Expense $5,356
  • Gross Income $18,810
  • Net Operating Income $13,454

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Unit Info Average Monthly Rent One Bedroom: 600.0
  • Unit Info Average Monthly Rent Two Bedroom: 685.0
  • Unit Info Average Monthly Rent Studios: 365.0
  • Horses: No
  • Lot Size: 125 X 60
  • Road Surface Type: Paved
  • CapRate: 8.03
  • Supplies Expense: 1798.0
  • Co List Office Mls Id: 51299
  • Co List Office Phone: 480-649-3536
  • Co List Office Mls Id: 51299
  • Subdivision Name: Speedway Addition
  • General Property Information: List Price/SqFt: 121.17
  • General Property Information: Lot Size Price/SqFt: 24.58
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: Residential
  • Construction Type: Brick
  • Patio And Porch Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Outside
  • Cooling: Central Air, Evaporative Cooling
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 1798.0
  • Expenses Taxes Assessments: 1556.0
  • Annual Water Sewer Expense: 1450.0

Schools

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

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 24.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1956

Rental Info

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

Tax Info

  • Tax Year: 2017
  • New Taxes Expense: 1556.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 18810.0
  • Insurance Expense: 552.0
  • Property Net Operating Income: 13454.0
  • Annual Operating Expense: 5356.0

MLS Schools

  • Elementary School: Wright
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2022
Sold by
Washington Capital Partners Llc
Bought by
Washington Capital Partners Llc
Current Estimated Value
$310,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,125,000
Outstanding Balance
$3,886,192
Interest Rate
5%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$3,575,366

Purchase Details

Closed on
Dec 3, 2019
Sold by
Hewson Joel and Hewson Elizabeth Gill
Bought by
Washington Capital Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,880,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 21, 2018
Sold by
Leven Edward L
Bought by
Hewson Joel
Seller's Agent
David Walsh
Better Homes & Gardens Real Estate - SJ Fowler
Buyer's Agent
Michael Muehlstedt
Russ Lyon Sotheby's International Realty
List Price
$167,500
Sold Price
$167,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$67,500
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 1, 2010
Sold by
Leven Edward L
Bought by
Leven Edward L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,700
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2008
Sold by
Leven Edward L
Bought by
Leven Edward L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2004
Sold by
Sch Properties Llc
Bought by
Leven Edward L

Purchase Details

Closed on
May 24, 1995
Sold by
Hebert Charles and Hebert Stephen C
Bought by
S C H Properties Llc

Purchase Details

Closed on
Apr 29, 1994
Sold by
Rodgers Geraldine Vallie
Bought by
Hebert Charles and Hebert Stephen C
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
Washington Capital Partners Llc -- Title Security Agency
Washington Capital Partners Llc -- Title Security Agency Llc
Hewson Joel $167,500 Pioneer Title Agency Inc
Hewson Joel $167,500 Pioneer Title Agency Inc
Leven Edward L -- Tstti
Leven Edward L -- Tfnti
Leven Edward L -- Tfnti
Leven Edward L $165,000 --
S C H Properties Llc -- --
Hebert Charles $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Capital Partners Llc $4,125,000
Previous Owner Washington Capital Partners Llc $2,880,000
Previous Owner Hewson Joel $67,500
Previous Owner Leven Edward L $107,700
Previous Owner Leven Edward L $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2018 08/29/18 Sold $167,500 0.0% $112 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $167,500 -- $112 / 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 $1,882 $14,941 -- --
2025 $1,882 $14,230 -- --
2024 $1,806 $13,552 -- --
2023 $1,704 $12,907 $0 $0
2022 $1,712 $12,292 $0 $0
2021 $1,702 $11,149 $0 $0
2020 $1,446 $12,885 $0 $0
2019 $1,629 $12,092 $0 $0
2018 $1,593 $9,631 $0 $0
2017 $1,584 $9,631 $0 $0
2016 $1,556 $9,173 $0 $0
2015 $1,512 $8,736 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21817026

MLS of Southern Arizona

APN: 122-12-0960

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