NOT LISTED FOR SALE

Estimated Value: $370,000 - $695,413

4 Beds
3 Baths
2,872 Sq Ft
$167/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $355,000 $124 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,262/month

57 Days on Market

Highlights

  • Golf Course Community
  • Mountain View
  • Ranch Style House
  • Fitness Center
  • Deck
  • Corner Lot

About This Home

As of April 2024

Rare opportunity to own this well built masonry triplex in an ideal location close to essential amenities, parks, medical facilities, shopping and bus line. These units are always rented. East corner unit has been remodeled and rents for the highest amount. Roo for improvements and rental income increases in the other 2 units. Middle unit is month to month, end units are on 1 year leases.

Last Agent to Sell the Property

Jose Rincon

TR Realty & Investments LLC Listed on: 02/15/2024

Co-Listed By

Adriana Rincon

TR Realty & Investments LLC

Last Buyer's Agent

Jose Rincon

TR Realty & Investments LLC Listed on: 02/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,491

Year Built

  • Built in 1962

Lot Details

  • 9,222 Sq Ft Lot
  • Lot Dimensions are 90x110
  • Property fronts an alley
  • Block Wall Fence
  • Corner Lot
  • Back Yard

Home Design

  • Triplex
  • Ranch Style House
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 2,872 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Combination Dining and Living Room
  • Storage
  • Ceramic Tile Flooring
  • Mountain Views
  • Window Bars

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Bathtub with Shower

Laundry

  • Laundry Located Outside
  • Laundry in Kitchen

Parking

  • 6 Parking Spaces
  • Parking Pad

Schools

  • Whitmore Elementary School
  • Dodge Traditional Magnet Middle School
  • Catalina High School

Utilities

  • Heat Pump System
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • North or South Exposure
  • Deck
  • Ground Level

Listing and Financial Details

  • $2,491 special tax assessment

Community Details

Overview

  • Rainbow Vista Estates Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Park
  • Hiking Trails

Building Details

  • Insurance Expense $1,348
  • Professional Management Expense $2,150
  • Water Sewer Expense $3,000
  • Gross Income $42,958
  • Net Operating Income $33,969

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,491

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Style: Ranch
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: Level
  • Legal Description: Rainbow Vista Estates Lot 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 156.69
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units2 B R: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Split Bedroom Plan, Storage
  • Window Coverings: Some
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2872.00
  • Bathroom Features: Shower & Tub/Primary
  • Breakfast: Area, None
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Living Areas: Family Room
  • Laundry: In Kitchen, Outside
  • Extra Room: None
  • Kitchen Features: Dishwasher, Electric Range, Garbage Disposal, Gas Range, Refrigerator

Exterior Features

  • Construction: Brick, Slump Block
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Block, Shared Fence, Slump Block
  • Landscape Front: Decorative Gravel
  • Landscape Rear: Low Care
  • Patio Deck: Deck
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect
  • Spa: None
  • View: Mountain(s)
  • Exterior Feature: None

Garage/Parking

  • Driveway: Car(s) Pad
  • R V Parking Other: space available
  • 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: Heat Pump
  • Main Heating: Heat Pump
  • Security: Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: Exercise Facilities, Golf, Park, Sidewalks, Tennis Court(s), Walking Trail

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 2491.00

Schools

  • School District: TUSD
  • Elementary School: Whitmore
  • Middle School: Dodge Traditional Magnet
  • High School: Catalina

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.21
  • Lot Dimensions: 90x110
  • Lot Features: Adjacent to Alley, Corner Lot, North/South Exposure
  • Lot Size Price Sq Ft: 48.80
  • Lot Sq Ft: 9222.00
  • Lot Sz Sold Prc Sq Ft: 38.49
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1962

Rental Info

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

Tax Info

  • Tax Code: 121-04-0010
  • Taxes: 2491.49
  • Tax Year: 2023
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Dodge Traditional Magnet
  • Elementary School: Whitmore
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Apr 15, 2024
Sold by
Chowhan Ramanjot
Bought by
Rincon Jose L and Rincon Adriana
Seller's Agent
Jose Rincon
TR Realty & Investments LLC
Buyer's Agent
Jose Rincon
TR Realty & Investments LLC
List Price
$450,000
Sold Price
$355,000
Premium/Discount to List
-$95,000
-21.11%
Views
17
Current Estimated Value
$371,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,510

Purchase Details

Closed on
Apr 5, 1996
Sold by
Block Anna L and Block Charles B
Bought by
Chowhan Harinder and Chowhan Ramanjot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
7.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Rincon Jose L $355,000 First American Title Insurance
Chowhan Harinder $175,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chowhan Ramanjot $82,600
Previous Owner Chowhan Harinder $120,000
Previous Owner Chowhan Harinder $122,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2024 04/16/24 Sold $355,000 -21.1% $124 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $450,000 -- $157 / 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 $2,519 $22,660 -- --
2023 $2,519 $21,581 -- --
2022 $2,511 $20,554 $0 $0
2021 $2,519 $18,643 $0 $0
2020 $2,418 $18,643 $0 $0
2019 $2,407 $20,104 $0 $0
2018 $2,296 $16,503 $0 $0
2017 $2,191 $16,503 $0 $0
2016 $2,455 $15,717 $0 $0
2015 $2,372 $14,969 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22404491

MLS of Southern Arizona

APN: 121-04-0010