NOT LISTED FOR SALE

Estimated Value: $282,000 - $350,000

5 Beds
2 Baths
1,960 Sq Ft
$160/Sq Ft Est. Value

Sale Details

Date Sold: March 23, 2021

Last sale price $296,000 $151 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,877 / mo

55 Days on Market

Highlights

  • RV Access or Parking
  • Contemporary Architecture
  • Great Room
  • Mountain View
  • Secondary bathroom tub or shower combo
  • No HOA

About This Home

As of March 2021

Great pride of ownership. Please do not disturb tenants. What a fantastic opportunity in this well maintained income property. Two detached homes with plenty of privacy. The front house was built with character in 1947 and the back house was built in 1985 . Long term leases. Each unit has assigned one carport space. Both individually metered for gas, electric and water. Freshly painted outside of both houses and interior of back unit. Carpets replace in front unit in 2017 and in 2019 in the back unit. Both roofs are in great shape. Back unit has a new water heater (2019) and a 3 ton a/c in 2015. Many more upgrade to mention here, over $15,500. Front house was built in 1947 and rear house built in 1985.

Last Agent to Sell the Property

Dustin Allred

Realty Executives Arizona Territory License #BR104368000 Listed on: 01/26/2021

Realty Executives Arizona Territory

Co-Listed By

Cindy Allred

Realty Executives Arizona Territory License #BR521353000

Last Buyer's Agent

Armando Tavares

Long Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 33 Sq Ft Lot
  • Lot Dimensions are 53x181x51x166
  • Wood Fence
  • Chain Link Fence

Home Design

  • Duplex
  • Contemporary Architecture
  • Santa Fe Architecture
  • Frame With Stucco
  • Frame Construction
  • Shingle Roof
  • Built-Up Roof
  • Masonry
  • Lead Paint Disclosure

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub and Shower Combination in Primary Bathroom
  • Secondary bathroom tub or shower combo
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Laundry in Bathroom
  • Dryer
  • Washer

Home Security

  • Window Bars
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,187 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $800
  • Maintenance Expense $600
  • Professional Management Expense $2,490
  • New Taxes Expense $2,187
  • Operating Expense $6,077
  • Gross Income $24,900
  • Net Operating Income $18,823

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

33 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Unit Info Average Monthly Rent Two Bedroom: 975.0
  • Unit Info Average Monthly Rent Three Bedroom: 1100.0
  • Horses: No
  • Lot Size: 53X181X51X166
  • Road Surface Type: Paved
  • CapRate: 6.36
  • Professional Management Expense: 2490.0
  • Supplies Expense: 600.0
  • Co List Office Mls Id: 498306
  • Co List Office Phone: 520-314-3255
  • Co List Office Mls Id: 498306
  • Subdivision Name: Pima Addition
  • General Property Information: List Price/SqFt: 150.51
  • General Property Information: Lot Size Price/SqFt: 33.86
  • Special Features: None

Interior Features

  • Appliances: Gas Range, Dishwasher

Exterior Features

  • Roof: Built-Up - Reflect, Shingle
  • View: Mountain(s)
  • Construction Type: Frame - Stucco, Masonry Stucco
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio

Utilities

  • Electric Electric Company: TEPCO
  • Utilities: Sewer Connected, Pre-Wired Tele Lines
  • Laundry Features: Dryer Included, Washer Included, Laundry Room, In Bathroom
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 600.0
  • Expenses Taxes Assessments: 2187.0

Schools

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

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 33.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1985

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 2187.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 24900.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 18823.0
  • Annual Operating Expense: 6077.0

MLS Schools

  • Elementary School: Wright
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2021
Closed on
Mar 2, 2021
Sold by
Cosecha Lzx Llc
Bought by
Martinez Arturo Salazar and Martinez Mayra
Seller's Agent
Dustin Allred
Realty Executives Arizona Territory
Buyer's Agent
Armando Tavares
Long Realty
List Price
$296,000
Sold Price
$296,000
Current Estimated Value
$314,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,423
Avg. Annual Appreciation
1.19%

Purchase Details

Closed on
Dec 2, 2019
Sold by
Cosecha Llc
Bought by
Cosecha Lzx Llc

Purchase Details

Closed on
Nov 6, 2006
Sold by
Loizeaux Scot H
Bought by
Cosecha Llc

Purchase Details

Closed on
Oct 24, 2003
Sold by
Brians Mark A and Brians Jennifer L
Bought by
Loizeaux Scot H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,400
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2003
Sold by
Gastelum Martin C
Bought by
Brians Mark A and Brians Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,400
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 1999
Sold by
Brians Mark and Brians Jennifer L
Bought by
Gastelum Martin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,550
Interest Rate
7.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 1998
Sold by
Kolosick J Timothy and Kolosick Helga J
Bought by
Brians Mark and Brians Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
6.9%

Purchase Details

Closed on
Sep 5, 1996
Sold by
Bramley Cristina A
Bought by
Brians Mark and Brians Jennifer L
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
Martinez Arturo Salazar -- Signature Title Agency
Cosecha Lzx Llc -- None Available
Cosecha Llc $181,000 None Available
Loizeaux Scot H $181,800 Title Security
Loizeaux Scot H $181,800 Title Security
Brians Mark A $168,000 --
Gastelum Martin C $163,000 --
Brians Mark $125,000 --
Brians Mark $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loizeaux Scot H $145,400
Previous Owner Gastelum Martin C $138,550
Previous Owner Brians Mark $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2021 03/23/21 Sold $296,000 0.0% $151 / Sq Ft
02/21/2021 02/21/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $296,000 -- $151 / 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 $2,514 $22,629 -- --
2025 $2,514 $21,552 -- --
2024 $2,408 $20,525 -- --
2023 $2,257 $19,548 $0 $0
2022 $2,270 $16,295 $0 $0
2021 $2,256 $14,780 $0 $0
2020 $2,188 $14,780 $0 $0
2019 $2,159 $17,337 $0 $0
2018 $2,112 $12,768 $0 $0
2017 $2,100 $12,768 $0 $0
2016 $1,965 $12,160 $0 $0
2015 $1,965 $11,581 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22102131

MLS of Southern Arizona

APN: 122-04-0330

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