NOT LISTED FOR SALE
56 Beds
-- Bath
1,475 Sq Ft
1985 Built

Sale Details

Date Sold: September 30, 2015

Last sale price $1,800,000 $1,220 Per Sq Ft

91 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Community Barbecue Grill
  • Sunnyslope High School Rated A
  • Resident Manager or Management On Site
  • Individual Controls for Heating

About This Home

As of September 2015

Welcome home to Rancho Valencia Apartments! Enjoy the convenience of three shopping centers within a five minute walk and relax by the community pool. Call our office to schedule a tour today!

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 05/11/2015

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 05/11/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,361

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 60 Open Parking Spaces
  • 60 Parking Spaces

Lot Details

  • Additional Parcels

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 160-03-006

Community Details

Overview

  • 2 Buildings
  • 40 Units
  • Building Dimensions are 28600
  • Ford Tract Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Gross Income $244,800
  • Net Operating Income $123,743

Additional Features

  • Community Barbecue Grill
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,361

Year Built

Built in 1985

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1985
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: FORD TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 60.0
  • Total Parking Spaces: 60.0
  • General Property Description:Uncvrd Parking Spcs: 60.0
  • General Property Description:Total Parking Spcs: 60.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Lot Info

  • Lot Size: 28600
  • Additional Parcels: Yes
  • Parcel #: 160-03-006

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 40
  • Annual Gross Income: 244800.0
  • Property Net Operating Income: 123743.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 13361.0
  • Tax Book Number: 160.00
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2015
Closed on
Sep 29, 2015
Sold by
Bought by
Seller's Agent
Jeff Seaman
CBRE, Inc
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$19,250,000
Sold Price
$1,800,000
Premium/Discount to List
-$17,450,000
-90.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0389%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
0.0432%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Interest Rate
0.0582%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Interest Rate
0.0582%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,800,000 American Title Svc Agency Ll
$1,450,000 American Title Service Agenc
$650,000 None Available
$735,080 Security Title Agency
-- --
-- Fidelity National Title
$1,522,000 Fidelity National Title
-- Fidelity Title
-- Fidelity National Title
-- Fidelity National Title
-- Fidelity Title
$821,000 Fidelity Title
-- First American Title
$550,000 First American Title
-- First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Open $750,000
Previous Owner $850,000
Previous Owner $1,445,000
Previous Owner $955,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/27/2023 09/27/23 Price Changed $1,000 0.0% $2 / Sq Ft
11/05/2017 11/05/17 For Rent $1,000 0.0% --
09/30/2015 09/30/15 Sold $1,800,000 -90.6% $1,220 / Sq Ft
08/10/2015 08/10/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $19,250,000 -- $13,051 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,457 $113,766
2024 $13,661 $108,349
2023 $13,661 $341,450 $25,240 $316,210
2022 $13,216 $269,440 $19,910 $249,530
2021 $13,386 $216,000 $16,000 $200,000
2020 $13,052 $162,470 $12,010 $150,460
2019 $12,814 $144,770 $10,700 $134,070
2018 $12,478 $119,400 $8,820 $110,580
2017 $12,415 $108,980 $8,050 $100,930
2016 $12,189 $96,100 $7,100 $89,000
2015 $11,288 $88,630 $6,550 $82,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5278494

Arizona Regional Multiple Listing Service (ARMLS)
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