, Tucson, AZ 85719 (MLS# 22309755)

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
Listing Office: Keller Williams Southern Arizona
Last Updated: December - 21 - 2024
Tucson, AZ 85719- MLS# 22309755
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