NOT LISTED FOR SALE

5848 E 23rd St Tucson, AZ 85711

Corbett Neighborhood

Estimated Value: $351,328 - $457,000

4 Beds
4 Baths
2,224 Sq Ft
$174/Sq Ft Est. Value

Last Sold March 30, 2020

Last sale price $239,500 $108 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,163/month

168 Days on Market

Highlights

  • RV Parking in Community
  • Ranch Style House
  • Bathtub with Shower
  • 0.29 Acre Lot
  • Eat-In Kitchen
  • Living Room

About This Home

As of March 2020

Two duplexes. 1 Bedroom, 1 bath each unit. Separately metered electric and gas. Always rented and usually has a waiting list. Plenty of parking.

Last Agent to Sell the Property

Penny Gebhart

Realty Executives Arizona Territory Listed on: 10/08/2019

Realty Executives Arizona Territory

Last Buyer's Agent

Cathleen Jernigan-Rios

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,607

Year Built

  • Built in 1972

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 56 x 227
  • Chain Link Fence
  • Desert Landscape
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Ranch Style House
  • Built-Up Roof

Interior Spaces

  • 2,224 Sq Ft Home
  • Window Treatments
  • Living Room
  • Dining Room
  • Laundry Located Outside

Kitchen

  • Eat-In Kitchen
  • Gas Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Dual Sinks
  • Bathtub with Shower

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Schools

  • Wheeler Elementary School
  • Vail Middle 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
  • Phone Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $1,607 special tax assessment

Community Details

Overview

  • Craycroft Add Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Building Details

  • Gross Income $25,800
  • Net Operating Income $24,193

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,607

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Telephone
  • Accessibility Options: None
  • Legal Description: CRAYCROFT E53' LOT 2 EXC S8' BLK 2
  • Attached Detached: Attached
  • List Price per Sq Ft: 112.37
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent One Bedroom: 550.00
  • Unit Info Number Of Units1 B R: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Some
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 2224.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Eat-In
  • Dining Areas: Eat-In Kitchen
  • Dining Room: Area
  • Living Areas: Living Room
  • Laundry: Outside
  • Extra Room: None
  • Kitchen Features: Double Sink, Gas Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Slump Block
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Landscape Front: Natural Desert
  • Landscape Rear: Natural Desert
  • Patio Deck: None
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Driveway: To Property Line
  • Rv Parking: Space Available
  • Total Parking: 8

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

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Paved Street

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 1607.05

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.29
  • Lot Dimensions: 56 X 227
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 19.66
  • Lot Sq Ft: 12712.00
  • Lot Sz Sold Prc Sq Ft: 18.84
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1972

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 Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 131-09-029A
  • Taxes: 1607.05
  • Tax Year: 2019
  • 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
Oct 8, 2019
Closed on
Mar 25, 2020
Sold by
Nedza Martin M and Zhen He Bao
Bought by
Villegas Cesar
Seller's Agent
Penny Gebhart
Realty Executives Arizona Territory
Buyer's Agent
Cathleen Jernigan-Rios
eXp Realty
List Price
$239,500
Sold Price
$239,500
Current Estimated Value
$386,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,276
Avg. Annual Appreciation
8.69%
Original Mortgage
$235,161
Outstanding Balance
$211,663
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$175,113

Purchase Details

Closed on
Apr 16, 2019
Sold by
Nezda Martin M
Bought by
Bao Nezda Martin M and Bao Zhen He

Purchase Details

Closed on
Dec 3, 2018
Sold by
Nedza Martin M and Nedza Bonnie M
Bought by
Nedza Martin M

Purchase Details

Closed on
Sep 14, 2005
Sold by
Nedza Martin M
Bought by
Nedza Bonnie Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2003
Sold by
Nedza Bonnie Mae
Bought by
Nedza Martin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2001
Sold by
Hud
Bought by
Nedza Martin M
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
Villegas Cesar $239,500 Title Security Agency Llc
Bao Nezda Martin M -- None Available
Nedza Martin M -- None Available
Nedza Martin M -- None Available
Nedza Bonnie Mae -- Ticor Title
Nedza Martin M -- --
Nedza Martin M -- --
Nedza Martin M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villegas Cesar $235,161
Previous Owner Nedza Bonnie Mae $169,000
Previous Owner Nedza Martin M $126,000
Closed Nedza Bonnie Mae $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2020 03/30/20 Sold $239,500 0.0% $108 / Sq Ft
02/29/2020 02/29/20 Pending -- -- --
10/08/2019 10/08/19 For Sale $239,500 -- $108 / 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 $1,638 $14,042 -- --
2024 $1,569 $13,373 -- --
2023 $1,482 $12,736 $0 $0
2022 $1,482 $12,130 $0 $0
2021 $1,680 $11,002 $0 $0
2020 $1,629 $13,448 $0 $0
2019 $1,607 $11,571 $0 $0
2018 $1,572 $9,504 $0 $0
2017 $1,563 $9,504 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Penny Gebhart

    Seller's Agent in 2020

    Penny Gebhart

    Realty Executives Arizona Territory

    (520) 977-7975

    45 Total Sales

    Penny Gebhart
    Section Image

  • C

    Buyer's Agent in 2020

    Cathleen Jernigan-Rios

    eXp Realty

  • Cathleen Itule

    Buyer's Agent in 2020

    Cathleen Itule

    Jason Mitchell Group

    (520) 406-0233

    150 Total Sales

    Cathleen Itule
    Section Image

  • t

    Buyer's Agent in 2020

    tar.rets.38529

    tar.rets.RETS_OFFICE

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Map

Source: MLS of Southern Arizona

MLS Number: 21926150

MLS of Southern Arizona

APN: 131-09-029A

Arizona Pima County Tucson 85711 Corbett

5848 E 23rd St, Tucson, AZ

Not Listed for Sale

MultiFamily

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