NOT LISTED FOR SALE

55 Ok St Bisbee, AZ 85603

Estimated Value: $64,000 - $1,544,000

-- Bed
3 Baths
1,310 Sq Ft
$614/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $305,900 $234 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $4,201/month

59 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Lowell School Rated 9+
  • Ceiling Fan
  • 2-minute walk to Old City Park

About This Home

As of August 2021

One-of-a Kind Triplex - A most quaint & charming (1915 built) building in Old Bisbee. The inviting front porch is nicely shaded by mature large 'shade trees'.

The property consists of 3 UNITS: #1 (2 Bedroom, 1 Bath), #2 (1 Bedroom, 1 Bath), and #3 (2 Bedroom, 1 Bath). Communal Landry for resident(s) Tenant use. Out back, on an upper level is a private alluring terrace area which is nicely landscaped with seating for Tenant's enjoyment.

This property would be great for new property Owners to live in one Unit, and rent out the other for monthly income.... or, to rent 1,2,or 3 of the Units full-time Rentals with ongoing monthly income.

Seller has just completed structural repairs, and the property is great shape! This charmer won't last long, as it is priced right!

Last Agent to Sell the Property

Garland Smith

Rio Verde Realty License #BR104078000 Listed on: 05/09/2021

Last Buyer's Agent

Eric Nugent

Zion Realty, LLC License #SA679497000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,931

Year Built

  • Built in 1915

Lot Details

  • 958

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Adobe

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Schools

  • Greenway Primary Elementary School
  • Lowell School - Bisbee Middle School
  • Bisbee High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Tax Lot 18, 19, 20
  • Assessor Parcel Number 103-62-305-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 43,494
  • Old Bisbee Subdivision

Building Details

  • Operating Expense $2,931
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,931

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Cross Street: Naco Rd & OK Street (Old Bisbee)
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1915
  • Tax Year: 2019
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: OLD BISBEE
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Wood
  • Appliances: Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Adobe, Brick
  • Roof: Metal
  • Construction:Adobe: Yes

Garage/Parking

  • Parking Features: None, On Street
  • Attached Garage: No
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Interior Amenities:Partially Furnished: Yes

Schools

  • Elementary School: Greenway Primary School
  • High School: Bisbee High School
  • Junior High Dist: Bisbee Unified District
  • Middle Or Junior School: Lowell School - Bisbee

Lot Info

  • Lot Size: 43,494
  • Additional Parcels: No
  • Parcel #: 103-62-305-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 90000.0
  • Annual Operating Expense: 2931.0
  • Vacancy Allowance Rate: 10.0

Tax Info

  • Tax Annual Amount: 2931.0
  • Tax Book Number: 103.00
  • Tax Lot: 18, 19, 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2015
Sold by
Racehaven Llc
Bought by
Head West Holdings Llc
Current Estimated Value
$804,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$745,653
Interest Rate
3.89%
Mortgage Type
Seller Take Back
Estimated Equity
$58,347

Purchase Details

Closed on
Apr 21, 2009
Sold by
Racehaven Llc
Bought by
Austin Bret Allen and Austin Fiona Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,510,500
Interest Rate
4.99%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Head West Holdings Llc $1,100,000 Pioneer Title Agency Inc
Race Haven Llc -- Pioneer Title Agency Inc
Austin Bret Allen $477,687 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Head West Holdings Llc $950,000
Previous Owner Austin Bret Allen $1,510,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2021 08/03/21 Sold $305,900 -4.4% $234 / Sq Ft
07/31/2021 07/31/21 For Sale $319,900 0.0% $244 / Sq Ft
07/31/2021 07/31/21 Price Changed $319,900 0.0% $244 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $319,900 0.0% $244 / Sq Ft
07/03/2021 07/03/21 Price Changed $319,900 +4.6% $244 / Sq Ft
05/19/2021 05/19/21 Off Market $305,900 -- --
05/17/2021 05/17/21 For Sale $289,900 0.0% $221 / Sq Ft
05/17/2021 05/17/21 Price Changed $289,900 0.0% $221 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/09/2021 05/09/21 For Sale $289,900 -- $221 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $11 $75 $75 --
2024 $11 $75 $75 $0
2023 $11 $75 $75 $0
2022 $12 $75 $75 $0
2021 $12 $75 $75 $0
2020 $13 $0 $0 $0
2019 $13 $0 $0 $0
2018 $13 $0 $0 $0
2017 $12 $0 $0 $0
2016 $12 $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: 6233548

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-62-497