Tucson, AZ 85719
$1,600,000















Property Type:
Commercial
Square Footage:
4,897
Lot Size (sq. ft.):
61
Status:
Closed
Current Price:
$1,600,000
List Date:
5/04/2023
Last Modified:
12/21/2024
Description
Prospect Lane Estate is a stunning seven-resident property.
The main house is owner-occupied, including three bedrooms & bathrooms, den/library, office space, and enclosed porch. The main home also features a butler's kitchen, a spacious pantry, and a laundry room.
Additional unit mix
- 3 two bedrooms
-3 one bedrooms built between 1959 to 1979 with Old
Pueblo Charm and character.
2 commercial acre site contains a large storage building, garage, workshop, and enclosed garden area with an agricultural well. The pressure system irrigates the mature trees with a sprinkler system.
Among the units, there are 11 fireplaces and 9 carports. They feature brilliant beamed ceilings, brick floors, and private patios.
Supplements: Located in the heart of Tucson Arizona, Prospect Lane offers residents easy access to the U of Arizona, St Phillips Square, and a short walk to the Loop. This is an incredible opportunity to own a piece of history and an income-producing property in a highly sought-after location. The fact that the seller has owned the property for over 30 years is a testament to its value and potential for long-term investment. Don't miss your chance to make Prospect Lane your next investment and/or home. Contact us today to schedule a showing and experience the charm and beauty of Prospect Lane for yourself.
More Information MLS# 22309755
Address Information
Country: USA
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2022
Taxes: 4818.82
Assessments: 0
Legal Description: Ptn W238.85' S300' Nw4 Se4 Nw4 Se4 .84 Ac Sec 19-13-14
Municipality/Zoning: Tucson - MH1
Fire Protection: Included in Taxes
Tax Code: 108-21-021E
Area: Central
Contract Information
Short Sale: No
Current Price: $1,600,000
Sold Price: $1,600,000
Listing Date: 2023-04-05
Status: Closed
Status Change Info
Off Market Date: 2023-06-19
Sold Price/SqFt: 326.73
Lot Sz Sold Prc/SqFt: 43.88
Financing: Cash Owner Carryback
Pending Date: 2023-06-16
Sold Date: 2023-07-21
Sold Price: $1,600,000
Showing Information
Directions: From Campbell Ave. W-Limberlost, N-Mountain Ave, E-Prospect Lane to address. Park on street, go to 1490 E. Prospect Lane, inside property.
General Property Information
Property Sub-Type: Other
Lot Dimensions: Irregular
Lot Acres: 0.84
Lot Sqft: 36460
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 459.46
Lot Size Price/SqFt: 61.71
Year Built: 1965
Combined SqFt: 4897
Electric
Electric Company: TEP
Gas
Natural: 1
Construction
Burnt Adobe: 1
Sewer
Septic: 1
Apartment Unit Information
# of Units/Studios: 1
# of Units/1 BR: 2
# of Units/2 BR: 3
# of Units/3 BR: 1
Roof
Built-Up: 1
Water
Domestic Well: 1
Property Features
Storage: 1
Fence
Chain Link: 1
Wood: 1
Road Type
Paved: 1
Lot Features
Cul-De-Sac: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Window Unit(s): 1
Main Heating
Forced Air: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Income Property Addendum: 1
Loan Pre-Qualifiaction: 1
Loan Status: 1
Proof of Funds: 1
Sold Info
Est. Closing Date: 2023-07-21
Seller Concessions: 500000
Landscape - Front
Low Care: 1
Shrubs: 1
Sprinkler/Drip: 1
Trees: 1
Landscape - Rear
Low Care: 1
Trees: 1
Parking
# Covered Parking: 4
Possession
Recording: 1
Property Disclosures
Lead Based Paint: 1
Seller Prop Disclosure: 1
Special Conditions
None: 1
Property Features
Property Features: Storage
Construction: Burnt Adobe
Roof: Built-Up
Main Cooling: Central Air; Evaporative Cooling; Window Unit(s)
Main Heating: Forced Air
Gas: Natural
Sewer: Septic
Water: Domestic Well
Fence: Chain Link; Wood
Landscape - Front: Low Care; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Low Care; Trees
Road Type: Paved
Lot Features: Cul-De-Sac
Terms: Cash; Conventional
Possession: Recording
Submit With Offer: Income Property Addendum; Loan Pre-Qualifiaction; Loan Status; Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Documents
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 21 - 2024

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