NOT LISTED FOR SALE

Estimated Value: $372,000 - $492,000

8 Beds
4 Baths
3,240 Sq Ft
$133/Sq Ft Est. Value

Last Sold September 16, 2019

Last sale price $225,000 $69 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,461/month

36 Days on Market

Highlights

  • City View
  • Ranch Style House
  • Covered Patio or Porch
  • 0.32 Acre Lot
  • Great Room
  • Breakfast Area or Nook

About This Home

As of September 2019

Centrally located 4 plex with extra individual storage all units leased at this time. Excellent income property. 8 separate storage units and covered parking. Don't miss out on this 9+% CAP rate! Always rented out and tucked away off the main street.

Last Agent to Sell the Property

Victoria McGullam

Manova Realty LLC Listed on: 08/06/2019

Co-Listed By

Gwyn Aych

Manova Realty LLC

Last Buyer's Agent

Marc Ochoa

Realpros Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,143

Year Built

  • Built in 1983

Lot Details

  • 0.32 Acre Lot
  • Dirt Road
  • Wood Fence
  • Chain Link Fence
  • Back Yard

Home Design

  • Quadruplex
  • Ranch Style House
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 3,240 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Dining Room
  • Ceramic Tile Flooring
  • City Views
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Oven

Parking

  • 4 Parking Spaces
  • Carport
  • Gravel Driveway

Schools

  • Wheeler Elementary School
  • Vail Middle School
  • Palo Verde High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Ground Level

Community Details

Overview

  • Craycroft Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Gross Income $2,600
  • Net Operating Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,143

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Cable TV, High Speed Internet, Telephone
  • Accessibility Options: None
  • Legal Description: CRAYCROFT N120' OF LOT 9 EXC W150' & W2 OF LOT 10 EXC S169.2' BLK 4
  • Attached Detached: Attached
  • List Price per Sq Ft: 90.40
  • Subdivision Restrict C C And Rs: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Window Coverings: Some
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 3240.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Breakfast Nook
  • Dining Room: Area
  • Kitchen Features Oven: Yes
  • Living Areas: Great Room
  • Laundry: Laundry Closet
  • Extra Room: None
  • Interior Steps: No

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Chain Link, Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: City
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: City
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Electric, Forced Air
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Proforma

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.32
  • Lot Dimensions: Irregular
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 21.01
  • Lot Sq Ft: 13939.00
  • Lot Sz Sold Prc Sq Ft: 16.14
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1983

Rental Info

  • Utilities Paid Cable TV: Owner
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 131-09-127C
  • Taxes: 2142.91
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Vail
  • Elementary School: Wheeler
  • High School: Palo Verde
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Oct 1, 2019
Sold by
Ruiz Miguel Angel Pena
Bought by
Pena Innovations Inc
Seller's Agent
Victoria McGullam
Manova Realty LLC
Buyer's Agent
Marc Ochoa
Realpros Real Estate
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$430,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,571
Avg. Annual Appreciation
10.83%
Original Mortgage
$168,750
Outstanding Balance
$148,114
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$282,457

Purchase Details

Listed on
Aug 6, 2019
Closed on
Aug 30, 2019
Sold by
Hebert1 Aaron C
Bought by
Pena Ruiz Miguel Angel
Seller's Agent
Victoria McGullam
Manova Realty LLC
Buyer's Agent
Marc Ochoa
Realpros Real Estate
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Outstanding Balance
$148,114
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$282,457

Purchase Details

Closed on
May 20, 2008
Sold by
Simmons Holis
Bought by
Hebert Aaron C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2003
Sold by
Bank Of New York
Bought by
Simmons Hollis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,700
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2002
Sold by
Perlin Jack H and Perlin Flower M
Bought by
The Bank Of New York

Purchase Details

Closed on
Jan 18, 1996
Sold by
Wilmoth Michael E and Wilmoth Joan
Bought by
Perlin Jack H and Perlin Flower M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,100
Interest Rate
7.18%
Mortgage Type
New Conventional
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
Pena Innovations Inc -- None Available
Pena Ruiz Miguel Angel $225,000 Stewart Title & Tr Of Tucson
Hebert Aaron C $245,000 Tfnti
Simmons Hollis $143,000 --
The Bank Of New York $126,000 Fidelity National Title
Perlin Jack H $139,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Ruiz Miguel Angel $168,750
Previous Owner Hebert Aaron C $183,750
Previous Owner Simmons Hollis $128,700
Previous Owner Perlin Jack H $125,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2019 09/16/19 Sold $225,000 0.0% $69 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $225,000 -- $69 / 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 $2,532 $19,142 -- --
2024 $2,429 $18,231 -- --
2023 $2,292 $17,363 $0 $0
2022 $2,303 $16,536 $0 $0
2021 $2,290 $14,999 $0 $0
2020 $2,220 $17,137 $0 $0
2019 $2,191 $14,746 $0 $0
2018 $2,143 $12,957 $0 $0
2017 $2,131 $12,957 $0 $0
2016 $2,097 $12,340 $0 $0
2015 $2,034 $11,752 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21920628

MLS of Southern Arizona

APN: 131-09-127C