NOT LISTED FOR SALE

5 Clawson Ave Bisbee, AZ 85603

Estimated Value: $316,000 - $627,000

Studio
6 Baths
4,048 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: March 7, 2016

Last sale price $162,000 $40 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $2,973 / mo

24 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • 1-minute walk to Old City Park
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

About This Home

As of March 2016

Rare 4plex in Historic Bisbee city center. Back in the day this was the St. Joseph's convent. Owners previously managed this property as long term rentals. Over the last year they have switched to short term rentals & can be seen on VRBO & Air BnB among other sites. All info is based on the current short term rental scenario with a 50% occupancy rate. Actual info will vary. Square footage is approximate, 1 bedrooms 800 sq feet & 2 bedrooms 1000 sq feet. Street parking. The two bedroom units A & B are upstairs & both have an open dining & living combo, french doors to the covered porch along with 3/4 Jack & Jill baths. Unit A has a skylight in the kitchen. Units C & D have breakfast bars. The list price is $54,000 below tax appraisal! All listing information to be verified by the buyer The gas is individually metered. There are 2 electric & 2 water meters. Bisbee does not have sewer meters.
All units have window A/C & gas heat. Each unit has it's own water heater, some are gas, some are electric and some are tankless. There is an inspection on file and various repairs are in progress.

Last Agent to Sell the Property

Linda Grale

Linda K Grale License #BR027840000 Listed on: 01/16/2016

Last Buyer's Agent

Joseph Lewis

Zoned Properties Brokerage LLC License #BR545554000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 2,614

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, cable TV
  • Legal Lot and Block 14 / 11
  • Assessor Parcel Number 103-62-219

Community Details

Overview

  • 4 Units
  • Building Dimensions are irregular
  • Old Bisbee Subdivision

Building Details

  • Gross Income $51,100
  • Net Operating Income $28,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Cross Street: Tombstone & Clawson
  • Property Type: Multiple Dwellings
  • Zoning: Commercial
  • Number Of Buildings: 1
  • Year Built: 1917
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: OLD BISBEE
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking:Street Parking: Yes

Utilities

  • Electric: Other (See Remarks), APS, Individual Meter
  • Cooling: Individual, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Individual, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Furnished: Yes

Fee Information

  • Annual Fuel Expense: 3192.0
  • Annual Water Sewer Expense: 3120.0

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 103-62-219

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Cable TV
  • Tenant Pays: None
  • Number Of Units Total: 4
  • Electric Expense: 2160.0
  • Annual Gross Income: 51100.0
  • Insurance Expense: 2400.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 28300.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 7468.22
  • Tax Block: 11
  • Tax Book Number: 103.00
  • Tax Lot: 14

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2018
Sold by
Bought by
Current Estimated Value
$464,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0422%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2016
Closed on
Feb 24, 2016
Sold by
Bought by
Seller's Agent
Linda Grale
Linda K Grale
Buyer's Agent
Joseph Lewis
Zoned Properties Brokerage LLC
List Price
$255,000
Sold Price
$162,000
Premium/Discount to List
-$93,000
-36.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%
Original Mortgage
$163,000
Interest Rate
0.0381%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2006
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Pioneer Title Agency Inc
$162,000 First American Title Ins Co
$371,000 Pioneer Title Agency
-- Pioneer Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $250,100
Closed $150,000
Closed $163,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/07/2016 03/07/16 Sold $162,000 -36.5% $40 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $255,000 -- $63 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,553 $49,463 $5,730 $43,733
2024 $5,553 $45,977 $5,730 $40,247
2023 $5,601 $42,827 $4,200 $38,627
2022 $5,537 $35,779 $4,200 $31,579
2021 $6,072 $36,360 $2,940 $33,420
2020 $6,061 $0 $0 $0
2019 $3,181 $0 $0 $0
2018 $3,320 $0 $0 $0
2017 $3,150 $0 $0 $0
2016 $7,241 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5384264

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-62-219

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