NOT LISTED FOR SALE

5618 E Glenn St Tucson, AZ 85712

Casa De Carlos Neighborhood

Estimated Value: $571,000 - $668,974

Studio
-- Bath
4,088 Sq Ft
$154/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $402,000 $98 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,644/month

104 Days on Market

Highlights

  • Mountain View
  • Secondary bathroom tub or shower combo
  • Breakfast Area or Nook
  • Ranch Style House
  • No HOA
  • Ceramic Tile Flooring

About This Home

As of October 2018

Awesome 4-plex across the street from Ft Lowell Park. Walking distance to Tucson Medical Center. Minutes from ''The Loop'' bike and walking path... Google ''The Loop''. Whole Foods Market, Natural Grocers, Quik Trip, & Restaurants less than a mile away. Two 3 Bedroom 2 Bath units 1,200 sf each and Two 2 Bedroom 1 Bath units 900 sf each. Tenants pay electric and gas. Stacked washer/dryers. Covered Parking and Fenced Yards. Rents are actual and under market giving new investor/owner opportunity for upside potential. Units were fully remodeled in 2005. Water meter could be converted to separate meters for each unit so tenants pay for their own water increasing cash flow.

Last Agent to Sell the Property

Tyler Ford

eXp Realty Listed on: 08/22/2018

Last Buyer's Agent

Tyler Ford

Long Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 58x208x58x208
  • Wood Fence

Home Design

  • Ranch Style House
  • Quadruplex
  • Built-Up Roof
  • Adobe
  • Lead Paint Disclosure

Interior Spaces

  • 4,088 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Dual Sinks
  • Secondary bathroom tub or shower combo
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway

Schools

  • Whitmore Elementary School
  • Magee Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,027 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Building Details

  • Insurance Expense $1,100
  • Professional Management Expense $3,800
  • Water Sewer Expense $2,500
  • New Taxes Expense $2,027
  • Operating Expense $9,427
  • Gross Income $38,832
  • Net Operating Income $29,405

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Horses: No
  • Lot Size: 58x208x58x208
  • Road Surface Type: Paved
  • CapRate: 7.31
  • Professional Management Expense: 3800.0
  • Co List Office Mls Id: 4952
  • Subdivision Name: Carlos Terrace
  • General Property Information: List Price/SqFt: 102.74
  • General Property Information: Lot Size Price/SqFt: 34.81
  • Special Features: None

Interior Features

  • Kitchen Features Oven: white
  • Interior Steps: No
  • Appliances: Disposal, Electric Range, Dishwasher

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up - Reflect
  • View: Mountain(s)
  • Construction Type: Burnt Adobe
  • Patio And Porch Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Dryer Included, Washer Included, In Kitchen
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 2027.0
  • Annual Water Sewer Expense: 2500.0

Schools

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

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 34.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1964

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2017
  • New Taxes Expense: 2027.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38832.0
  • Insurance Expense: 1100.0
  • Property Net Operating Income: 29405.0
  • Annual Operating Expense: 9427.0

MLS Schools

  • Elementary School: Whitmore
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2018
Closed on
Oct 10, 2018
Sold by
Wong Zhi and Min Yunkyung
Bought by
Simpson Penny and Simpson Wesley W
Seller's Agent
Tyler Ford
eXp Realty
Buyer's Agent
Tyler Ford
Long Realty
List Price
$402,000
Sold Price
$402,000
Current Estimated Value
$630,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,244
Avg. Annual Appreciation
6.44%
Original Mortgage
$300,000
Outstanding Balance
$262,175
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$368,069

Purchase Details

Closed on
Jun 2, 2005
Sold by
Gibbons & Oxman Property Llc
Bought by
Wong Zhi and Min Yunkyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,250
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2005
Sold by
Buena Vista Properties 2000 Llc
Bought by
Gibbons & Oxman Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,250
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Simpson Penny $402,000 Stewart Title & Trust Of Tuc
Wong Zhi $479,000 Long Title Agency
Wong Zhi $479,000 Long Title Agency
Gibbons & Oxman Property Llc $5,250,000 --
Gibbons & Oxman Property Llc $5,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Penny $300,000
Previous Owner Wong Zhi $359,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2018 10/31/18 Sold $402,000 0.0% $98 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $402,000 -- $98 / Sq Ft
Source: MLS of Southern Arizona

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 $4,569 $34,541 -- --
2024 $4,383 $32,897 -- --
2023 $4,136 $31,330 $0 $0
2022 $4,156 $29,838 $0 $0
2021 $4,132 $27,064 $0 $0
2020 $4,006 $28,774 $0 $0
2019 $3,953 $28,308 $0 $0
2018 $3,867 $25,282 $0 $0
2017 $4,158 $25,282 $0 $0
2016 $4,054 $24,078 $0 $0
2015 $4,044 $23,596 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tyler Ford

    eXp Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21817916

MLS of Southern Arizona

APN: 110-15-1040

Arizona Pima County Tucson 85712 Casa De Carlos

5618 E Glenn St, Tucson, AZ

Not Listed for Sale

MultiFamily

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