$232,500
SOLD DEC 1, 2017
8 Beds
4 Baths
2,590 Sq Ft
0.26 Acres

Recently Sold

$90 Per Sq Ft

38 Days on Market

Highlights

  • City View
  • Ranch Style House
  • Patio
  • 0.26 Acre Lot
  • Bathtub with Shower
  • Ceramic Tile Flooring

About This Home

As of July 2021

Great Mid-town 4 plex with nice cap rate. Current owners purchased in 2005 and completely remodeled, including new kitchens and new shingled roof. Property shares common paved parking area with adjacent townhomes. You won't believe the tenant longevity, 33 years combined between 4 tenants. Tenants enjoy common outdoor space with custom made concrete & tile tables. All apartments have window a/c units.

Last Agent to Sell the Property

Mark Clark

Long Realty Company Listed on: 10/17/2017

Last Buyer's Agent

Brent Vankoevering

Long Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,778

Year Built

  • Built in 1974

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 74.5 x 156
  • East or West Exposure

Home Design

  • Quadruplex
  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 2,590 Sq Ft Home
  • Window Treatments
  • Combination Dining and Living Room
  • City Views

Kitchen

  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Driveway

Schools

  • Wheeler Elementary School
  • Palo Verde High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Ground Level

Listing and Financial Details

  • $1,730 special tax assessment

Community Details

Overview

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

Amenities

  • No Laundry Facilities

Building Details

  • Fuel Expense $1,750
  • Insurance Expense $1,277
  • Maintenance Expense $500
  • Water Sewer Expense $2,050
  • Gross Income $30,000
  • Net Operating Income $22,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,778

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: Craycroft Addition E2 Lot 14 Blk 3 Exc N98.0'
  • Attached Detached: Attached
  • List Price per Sq Ft: 96.53
  • Subdivision Restrict C C And Rs: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Some
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 2590.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: None
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room: None
  • Kitchen Features: Electric Range, Garbage Disposal, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Slump Block
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: None
  • Landscape Front: None
  • Landscape Rear: None
  • Patio Deck: Patio
  • Pool: None
  • Road Maintenance: Owner Maintenance
  • Roof: Shingle
  • Spa: None
  • View: City
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 6

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Association Amenities: None
  • HOA: No
  • Community: None
  • Neighborhood Features Green Valley Rec: No

Association/Amenities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 1750.00
  • Expenses Maintenance Supplies: 500.00
  • Expenses Taxes Assessments: 1730.00

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.26
  • Lot Dimensions: 74.5 x 156
  • Lot Features: East/West Exposure, Subdivided
  • Lot Size Price Sq Ft: 21.88
  • Lot Sq Ft: 11428.00
  • Lot Sz Sold Prc Sq Ft: 20.34
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1974

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Owner
  • 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: Owner

Tax Info

  • Tax Code: 13109099A
  • Taxes: 1778.03
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 23, 2021
Sold by
Groll Karl
Bought by
Primos R/E Investments Inc
Seller's Agent
Brent Vankoevering
Long Realty Company
Buyer's Agent
Denise Murrieta
eXp Realty
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$450,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,976
Avg. Annual Appreciation
6.96%

Purchase Details

Closed on
May 20, 2021
Sold by
Groll Karl and Groll Ashley
Bought by
Groll Karl

Purchase Details

Closed on
May 20, 2019
Sold by
Groll Karl and Campbell Ashley
Bought by
Groll Karl

Purchase Details

Listed on
Oct 17, 2017
Closed on
Nov 27, 2017
Sold by
Candek Deanna L and El Berry Damon
Bought by
Groll Karl
Seller's Agent
Mark Clark
Long Realty Company
Buyer's Agent
Brent Vankoevering
Long Realty Company
List Price
$232,500
Sold Price
$232,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$161,250
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2005
Sold by
Orr Margeaux R
Bought by
El Berry Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2003
Sold by
Dunaway Todd H
Bought by
Orr Margeaux R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
5.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 1999
Sold by
Cheng Holdings Ltd Partnership
Bought by
Dunaway Todd H

Purchase Details

Closed on
Feb 17, 1999
Sold by
Cheng Willing and Cheng Phung
Bought by
Cheng Holdings Ltd Partnership

Purchase Details

Closed on
Jul 30, 1997
Sold by
Rowland Robert C and Rowland Karen E
Bought by
Cheng Willing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,400
Interest Rate
7.58%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Title Security Agency
Warranty Deed $350,000 Title Security Agency Llc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $232,500 Long Title Agency Inc
Warranty Deed $298,000 --
Warranty Deed $164,000 --
Warranty Deed $164,000 --
Warranty Deed $143,990 --
Cash Sale Deed $12,000 --
Warranty Deed -- --
Warranty Deed $112,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $161,250 New Conventional
Previous Owner $238,400 Commercial
Previous Owner $131,200 Commercial
Previous Owner $25,400 Seller Take Back
Closed $59,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $350,000 0.0% $135 / Sq Ft
06/26/2021 06/26/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $350,000 +50.5% $135 / Sq Ft
12/01/2017 12/01/17 Sold $232,500 0.0% $90 / Sq Ft
11/01/2017 11/01/17 Pending -- -- --
10/17/2017 10/17/17 For Sale $232,500 -- $90 / 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
2024 $1,911 $15,212 -- --
2023 $1,911 $14,487 -- --
2022 $1,922 $13,798 $0 $0
2021 $1,911 $12,515 $0 $0
2020 $1,853 $14,585 $0 $0
2019 $1,828 $12,549 $0 $0
2018 $1,788 $10,811 $0 $0
2017 $1,778 $10,811 $0 $0
2016 $1,756 $10,296 $0 $0
2015 $1,704 $9,806 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21727015

MLS of Southern Arizona

APN: 131-09-099A