NOT LISTED FOR SALE

Rio Rico, AZ 85648

Estimated Value: $260,306 - $339,000

6 Beds
6 Baths
-- Sq Ft
0.25 Acres

Last Sold November 03, 2021

Last sale price $215,000

Est. 41% increase in value since last sale

Current estimated payment $1,807/month

97 Days on Market

Highlights

  • Evaporated cooling system
  • Convenience Store
  • Heating Available
  • Ceramic Tile Flooring

About This Home

As of November 2021

Calling all investors! Great triplex in beautiful
Rio Rico Az. Unit one was remodeled in 2020,
new kitchen cabinets, new ceramic tile in bathrooms, and new vanities, backsplash added to kitchen and half bath, also new ceiling fans in bedrooms and dining area. Schedule your showing today, not many properties like this one around!

Last Agent to Sell the Property

Sabrina Cason

Agave Premier Properties License #SA649111000 Listed on: 07/01/2021

Last Buyer's Agent

Sabrina Cason

Agave Premier Properties License #SA649111000 Listed on: 07/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,697

Year Built

  • Built in 1996

Lot Details

  • 0.25

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Mountain View High Elementary School
  • Rio Rico High School

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Legal Lot and Block 10 / 661
  • Assessor Parcel Number 124-02-281

Community Details

Overview

  • 3 Units
  • Building Dimensions are 41x111x143x95x125
  • Rio Rico Villas Unit 13 Subdivision

Amenities

  • Convenience Store

Building Details

  • Operating Expense $4,459
  • Gross Income $23,400
  • Net Operating Income $20,638

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,697

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Legal Info Range: 13E
  • Property Type: Multiple Dwellings
  • Zoning: SCC-MF
  • Number Of Buildings: 1
  • Year Built: 1996
  • Tax Year: 2020
  • Directions: Take exit 22 for Peck Canyon Rd, turn left onto Peck Canyon Rd, turn left onto W Frontage Rd. Property will be on your right.
  • Road Surface Type: Asphalt
  • Subdivision Name: RIO RICO VILLAS UNIT 13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: General Store

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:General Store: Yes

Schools

  • Elementary School: Mountain View High School
  • High School: Rio Rico High School

Lot Info

  • Lot Size: 41x111x143x95x125
  • Additional Parcels: No
  • Parcel #: 124-02-281

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 23400.0
  • Insurance Expense: 1462.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 20638.0
  • Annual Operating Expense: 4459.04

Tax Info

  • Tax Annual Amount: 1697.04
  • Tax Block: 661
  • Tax Book Number: 124.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Nov 2, 2021
Sold by
Torres Luisa A
Bought by
Zatarian Jenny Leon and Jaimes Juan Mauel
Seller's Agent
Sabrina Cason
Agave Premier Properties
Buyer's Agent
Sabrina Cason
Agave Premier Properties
List Price
$305,000
Sold Price
$215,000
Premium/Discount to List
-$90,000
-29.51%
Current Estimated Value
$302,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,577
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
Mar 8, 2018
Sold by
Torres Ingrid Patricia
Bought by
Torres Luis Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
4.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Zatarian Jenny Leon $215,000 Lawyers Title Of Arizona Inc
Torres Luis Arturo -- Stewart Title & Trust Of Pho
Torres Luis Arturo $28,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Luis Arturo $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2021 11/03/21 Sold $215,000 -21.8% --
10/06/2021 10/06/21 Pending -- -- --
08/22/2021 08/22/21 Price Changed $275,000 -6.8% --
08/09/2021 08/09/21 Price Changed $295,000 -3.3% --
07/01/2021 07/01/21 For Sale $305,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,438 $26,107 $1,800 $24,307
2024 $2,438 $26,857 $1,450 $25,407
2023 $2,368 $20,979 $1,030 $19,949
2022 $2,317 $18,184 $1,030 $17,154
2021 $1,792 $14,537 $1,030 $13,507
2020 $1,697 $11,417 $1,030 $10,387
2019 $1,507 $11,126 $1,030 $10,096
2018 $1,487 $10,957 $1,030 $9,927
2017 $1,448 $10,676 $1,030 $9,646
2016 $1,444 $11,078 $1,030 $10,048
2015 $1,566 $11,696 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sabrina Cason

    Agave Premier Properties

    (520) 281-4888

    48 Total Sales

    Sabrina Cason
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6258614

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-02-281

Arizona Santa Cruz County Rio Rico

85648

This home since 01 July 2021 and is currently estimated at $302,577. This property was built in 1996. This home is a home located in Santa Cruz County with nearby schools including Rio Rico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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