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12056 West Formosa Lane

12056 West Formosa Lane, Marana, AZ 85653
Sold Jan 24, 2012
$144,610
$110,000 by Summit Funding Inc
Mortgage Due Apr 01, 2050
Sold Nov 05, 2010
$30,000
Local assessors in Marana, AZ have categorized 12056 West Formosa Lane as a residential type of property. The home was built in 2012 and is 12 years old. The property's lot size has been calculated to be 6,000 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12056 West Formosa Lane has a total of 1,565 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of tile. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 12056 West Formosa Lane was last sold in Oct 6, 2011 for $144,610. According to our calculations, that's $92.40 per sqft. Prior to that sales transaction, the property was sold for $30,000 in Nov 4, 2010. Current property owners are expected to pay $2,445 in taxes per year. The property on 12056 West Formosa Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $18,486. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior
Wood Exterior

Parking

Carport
Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Good
  • Building Quality: B
  • Exterior Walls Type: Combination
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,565
  • Gross Building Area: 1,565
  • Building Area: 1,565
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,565
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANCHO MARANA
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RANCHO MARANA 154 BLOCK 2 LOT 113 CMID

Ownership

  • Current Owner : MORALES TONY P
  • Current Owner 2: MORALES MARY E
  • Previous Owner : MERITAGE HOMES OF ARIZONA INC
  • Owner Before Previous Owner: FIRST AMERICAN TITLE INSURANCE COMPANY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Marana Unified District
  • Census Tract: 004430

Zoning

  • Zoning: F

Geography

  • Assessors Map Reference: 28-11S-11E
  • District: MARANA ~ AVR
  • Parcel: 217-43-2980
  • Block: 2
  • Lot: 113
  • Meridian: SEC 28 TWN 11S RNG 11E
  • Municipality: BRAWLEY WASH
  • Latitude: 32.4398
  • Longitude: -111.223

    Address

  • Full Address: 12056 W Formosa Ln
  • Address - House Number: 12056
  • Street Direction: W
  • Address - Street Name: Formosa
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Marana
  • Carrier Code: H020
  • 4-Digit Zip Code: 7936
  • Zip Code: 85653

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,445
  • Tax Rate Code Area: 624

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 77
  • Final Value: 332,106
  • High Value: 389,470
  • Low Value: 274,742

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $110,000
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Mar 11, 2020
  • First Open Lien Mortgage Loan Amount: $110,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $255,851

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $18,486

    Sales

  • Current Sale Contract Date: Oct 06, 2011
  • Current Sale Recording Date: Jan 24, 2012
  • Current Sale Transaction ID: 1016055452
  • Current Sale Price: $144,610
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20120240237
  • Previous Sale Recording Date: Nov 05, 2010
  • Previous Sale Contract Date: Nov 04, 2010
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: IMORTGAGE.COM INC
  • First Mortgage Transaction Date: Jan 24, 2012
  • First Mortgage Loan Amount: $147,561
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2042

About Rancho Marana



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Nearby Rentals

Unit for rent at 13124 N Homestead Lane, Marana, AZ, 85653

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,327 ft²
13124 N Homestead Lane, Marana, AZ, 85653 Listing by Michael J Mulvena

Frequently Asked Questions

What neighborhood is 12056 West Formosa Lane located in?
The 12056 West Formosa Lane is a house located in the neighborhood of Rancho Marana in Rancho Marana, Marana.
What is the average sales price for listings in 12056 West Formosa Lane?
The average sales price for units in 12056 West Formosa Lane is $0 currently.

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