NOT LISTED FOR SALE
Studio
-- Bath
83,348 Sq Ft
4.37 Acre Lot

Sale Details

Date Sold: September 27, 2017

Last sale price $5,765,000 $69 Per Sq Ft

115 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Breakfast Area or Nook
  • 4.37 Acre Lot
  • Community Pool
  • Bathtub with Shower

About This Home

As of September 2017

This includes two properties Rosemont Gardens 5121 E 29th and Casa de Oro 5271 E 29th. These operate at a constant 90% plus occupancy. Rosemont Gardens is security fenced. Community amenities include Pool, Spa, Playground, BBQ, Basketball Ct, and laundry room. 2-tax codes 131-03-22A and B.

Last Agent to Sell the Property

Tony Reed

Long Realty Company Listed on: 03/17/2017

Last Buyer's Agent

Christopher Itule

Long Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $58,845

Year Built

  • Built in 1978

Lot Details

  • 4.37 Acre Lot
  • Property fronts an alley
  • Chain Link Fence
  • Back Yard

Home Design

  • Frame With Stucco
  • Membrane Roofing

Interior Spaces

  • 83,348 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Carpet
  • Mountain Views
  • Fire and Smoke Detector
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • Dual Sinks
  • Bathtub with Shower

Parking

  • No Driveway
  • On-Site Parking

Outdoor Features

  • Courtyard
  • Patio
  • Outdoor Grill

Location

  • Ground Level

Schools

  • Myers/Ganoung Elementary School
  • Rincon High School

Utilities

  • Central Air
  • Evaporated cooling system
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • $58,845 special tax assessment

Community Details

Recreation

  • Community Pool

Building Details

  • Insurance Expense $30,400
  • Maintenance Expense $69,347
  • Professional Management Expense $116,784
  • Water Sewer Expense $169,349
  • Gross Income $937,360
  • Net Operating Income $476,815

Additional Features

  • Mayfair Terrace Subdivision
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$58,845

Year Built

Built in 1978

Lot Details

4.37 Acres

Listing Details

  • Property Type: Multi Family
  • Style Other: Apt Complex
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: Mayfair Terrace NO 2E313.83' M/L W839.55' Lot A &
  • Attached Detached: Detached
  • List Price per Sq Ft: 71.99
  • Miscellaneous Package Available: Yes
  • Subdivision Restrict C C And Rs: No
  • Unit Info Average Monthly Rent One Bedroom: 450.00
  • Unit Info Average Monthly Rent Two Bedroom: 550.00
  • Unit Info Number Of Units1 B R: 104
  • Unit Info Number Of Units2 B R: 48
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Smoke Detector
  • Floor Covering Other: laminate
  • Window Coverings: Some
  • Floor Covering: Carpet
  • Gross Sq Ft: 83348.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: None
  • Dining Areas: Breakfast Nook
  • Dining Room: None
  • Living Areas: None
  • Laundry: Facility
  • Extra Room: None
  • Kitchen Features: Double Sink

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Patio
  • Pool: Community
  • Road Maintenance: City
  • Roof: Membrane
  • Spa: None
  • View: Mountain(s)
  • Exterior Feature: BBQ, Courtyard

Garage/Parking

  • Driveway: None

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: None
  • Gas Company: None
  • Main Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Main Heating: Wall
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Association Amenities: None
  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: Gated Community

Fee Information

  • Expenses Admin Expenses: 10400.00
  • Expenses Contract Services: 5086.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 69347.00
  • Expenses Other Expenses: 334.00
  • Expenses Taxes Assessments: 58845.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 4.37
  • Lot Dimensions: irregular
  • Lot Features: Adjacent to Alley
  • Lot Size Price Sq Ft: 31.52
  • Lot Sq Ft: 190356.00
  • Lot Sz Sold Prc Sq Ft: 30.29
  • Municipality Zoning: Tucson - 03
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1978

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Pool Spa Maintenance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 131-03-222A
  • Taxes: 58845.00
  • Tax Year: 2016
  • Taxes For: Dwelling & Land

MLS Schools

  • Elementary School: Myers/Ganoung
  • High School: Rincon
  • School District: TUSD

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

Listed on
Mar 17, 2017
Closed on
Sep 27, 2017
Sold by
Bought by
Seller's Agent
Tony Reed
Long Realty Company
Buyer's Agent
Christopher Itule
Long Realty Company
List Price
$5,765,000
Sold Price
$5,765,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,410,000
Interest Rate
0.0389%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 24, 2014
Sold by
Bought by

Purchase Details

Closed on
Feb 25, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 3, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,552,500
Interest Rate
0.0688%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 1996
Sold by
Bought by

Purchase Details

Closed on
Oct 5, 1993
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
$5,765,000 Long Title Agency Inc
-- None Available
-- None Available
-- None Available
$1,873,120 --
$1,058,400 --
$1,784,992 --
$2,050,000 --
$1,700,000 Fidelity National Title
$1,816,164 Lawyers Title
$1,242,000 Stewart Title
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
Open $4,410,000
Previous Owner $1,552,500
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
09/27/2017 09/27/17 Sold $5,765,000 0.0% $69 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $5,765,000 -- $69 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $46,735 $370,978
2025 $46,735 $353,312
2024 $44,834 $336,488
2023 $42,301 $320,465 $0 $0
2022 $42,509 $305,204 $0 $0
2021 $42,263 $276,829 $0 $0
2020 $40,978 $295,541 $0 $0
2019 $40,437 $302,726 $0 $0
2018 $39,553 $239,136 $0 $0
2017 $40,179 $239,136 $0 $0
2016 $39,307 $231,000 $0 $0
2015 $38,058 $220,000 $0 $0
Source: Public Records

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Map

Source: MLS of Southern Arizona

MLS Number: 21707431

MLS of Southern Arizona
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