TUCSON, Arizona – The Tucson Association of REALTORS® (TAR) honored its top-performing 2016 members this week at ceremonies led by National Association of REALTORS® 2017 First Vice President John Smaby.

About 250 people attended the TAR Annual Installation and Awards Ceremony at the Hilton El Conquistador Hotel on November 18. Tom Heath of Nova Home Loans served as emcee.

The association’s 2016 award winners follow:

REALTOR® of the Year: Sue Cartun, Keller Williams of Southern Arizona was awarded Realtor of the Year. This award recognizes an individual member who contributes to TAR and the overall real estate industry as a strong leader and is a valuable asset to the general community.

Sue Cartun is currently an owner partner and Operations Manager of Keller Williams Southern Arizona. Until March 2016, she served as the company’s Designated Broker, personally responsible for more than 3000 closed transactions per year since KWSA’s inception. Prior to her management career in real estate, Sue was a successful agent, achieving top awards consistently, and named as one of “500 Most Powerful Women in Real Estate” by RISmedia. Sue has been a featured speaker at National Association of REALTORS® (NAR), National Women’s Council of REALTORS®, CR, and Arizona Association of REALTORS® (AAR) conventions. Cartun has written, been featured and quoted in numerous real estate articles in local, state and national publications. In 2016, Sue was named a member of NAR’s REALTORS® Political Action Committee Hall of Fame. At the AAR state level in 2016, besides fulfilling her AAR Director role, Sue has been diligent in serving on the subgroup and full work group for the revision of the AAR state residential resale contract, which will be introduced in February 2017. At the Tucson Association of REALTORS® level Cartun has served as President, on the Board of Directors, and various committees as well as Vice Chair of the recently formed Advisory Board for the newly Regionalized Multiple Listing Service of Southern Arizona (MLSSAZ). As an active member with Women’s Council of REALTORS® and has served in many leadership roles in past years. Cartun has also served as past president of Comstock Children’s Foundation.

• Affiliate of the Year: Bekki Booth, NationalHome Warranty

Affiliates are key non-REAL TOR® members and supporters of TAR and are honored for serving with leadership and distinction.

• Rookie of the Year: Glenn Nowacki, Cobb Realty
• Roy P. Drachman Community Achievement Award:

Rosey Koberlein, CEO Long Realty Company
This honor recognizes a REALTOR® for community service and involvement who advances the profession.  It honors Roy Drachman, a well-known Tucson REALTOR®, and innovative commercial developer and generous philanthropist.

• Florence Johnoff Community Achievement Award: VIP Mortgage

This award recognized an Affiliate company and the collective efforts of its employees in community service and involvement in TAR. Johnoff was the association’s first woman president in 1977 and a leader in civic service.

• Outstanding Service Award:

Lisa Suarez, EMS Realty, Inc.
Max Fisher of RE/MAX Trends
This award recognizes individuals who serve TAR and the broader industry with distinction. The recipients also demonstrate exceptional commitment to serving our community.

• Corporate Community Achievement Award:

Long Realty Company
Tierra Antigua Realty
This honor recognizes a company that demonstrated exceptional commitment to making our community better. It is one of the more competitive categories because so many companies do many good things during the year.

• Honorary Life Members: Walter and Rose Giorgianni, Tierra Antigua Realty

To be considered for this honor, an individual must have been an active TAR member for at least 30 years. During that time they must accumulate at least 15 total years of volunteer service to our association. This achievement is in tribute to their professionalism, expertise and dedicated willingness to serve their peers and industry.

• Committee of the Year:

REALTORS® Of Arizona Political Action Committee
Government Affairs Committee
As TAR’s top-performing committees, these volunteer groups, were honored for advancing the goals of the association.

 

The following sales were compiled from public records of closings in August for the Central, Northeast, Eastern and South submarkets. They have not been confirmed and are published for informational purposes only. These smaller multifamily sales represent an aggregate of $2.25 million for 54-units in 13 transactions in the month of August, 2013.

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[mepr-show rules=”58038″]EAST SUBMARKET
11-Units at 947 N Alvernon Way, Tucson, AZ 85711 sold for $325,000 ($29,545 per unit). The seller was Robert & June Logan of the Logan Family Trust, the buyer was AJAR Investing, LLC (Alan & JoAnne Simmons). The 5,930 sq. ft. building (built 1947) is on a .77 acre lot. Al Gould and Peter Canacakos of Long Realty represented the seller and Robert Grant of Keller Williams represented the buyer.

CENTRAL SUBMARKET
A duplex at 3314-3316 E Presidio Road, Tucson, AZ 85716 sold for $88,000 ($44,000 per unit). The seller, Tucson Acquisition and Development Corporation (Jeffrey Utsch) of Tucson sold to Roxy Properties of Los Angeles (Michael Morris). The 1,560 sq. ft building (built 1979) has two two-bedroom units is on a .15 acre lot. The seller is a licensed real estate broker.

Tucson Acquisition and Development also sold 10-units at 427-441 E Delano, Tucson AZ 85705 for $178,000 to Delano Investments of Tucson (Brett Josephson). The 6,042 sq. ft. in nine buildings (built 1976) is on a .66 acre lot.

A duplex at 1702 E 10th Street and 40 N Warren Street, Tucson, AZ 85719 sold for $169,800 ($84,900 per unit). The seller was the Peggy A Hughes Trust of Tucson and the investor, Jaylon Reynolds of Tucson. The 1,448 sq. ft. building (built 1946) on a .17 acre lot. The two units were each one-bedroom and rented at time of sale, with no vacancies since 1999. Teresa Robison of Long Realty represented the seller and Danny Roth of Keller William of Southern Arizona represented the buyer.

A duplex at 534 E 2nd Street in Tucson, AZ 85705 sold for $285,000 ($142,500 per unit). Seller was William and Roberta Weiss of Tucson and the investor is Jeffrey Scott Willson of Tucson. The 1,825 sq. ft. building (built 1914) has two two-bedroom units and is on a .24 acre lot.

3-units at 110 W 21st Street, Tucson, AZ 85701 sold for $282,500 ($94,167 per unit). The seller was Raima Chaimers of Tucson and the buyer, Linda Benyak of Tucson. The 3-units are in three separate casitas (built 1929-1943) and total 1,734 sq. ft. on a .14 acre lot.

A duplex at 1150 & 1152 E Haven Lane, Tucson, AZ 85719 sold for $111,886 ($55,943 per unit). The seller was Cherry Lane Properties (Mary Wilson) of Tucson and the buyer, Grizzly Properties (Eric Freeman). The 2,120 sq. ft. building (built 1973) sits on a .21 acre lot.

A duplex at 3202 E Lee Street, Tucson, AZ 85716 sold for $105,000 ($52,500 per unit). The seller was Austin Horan of Tucson and the buyer Billie Kay Gearin of Tucson. The 1,394 sq. ft. building (built 1952) is on a .18 acre lot. The two units were two-bedrooms. Dave Eazer of Keller Williams of Southern Arizona was the listing agent and Peggy Gay of Long Realty represented the buyer.

4-units at 205 W Laguna Street, Tucson, AZ 85705 sold for $141,730 ($35,433 per unit). The seller was Wildcat Equities, LLC of Tucson (Brandon Matheson) and the buyer. Terek Khaled of Staten Island, NY. The four units were one-bedrooms in two buildings totaling 1,643 sq. ft. on a .25 acre lot. The property prior sale was on 1/24/2013 in “as is” condition for $49,900. Lou Parrish of Keller Williams of Southern Arizona represented the seller and Lisa Larkin of Re/Max Trends represented the buyer.

4-units at 3735-3745 E Fairmount Street, Tucson, AZ 85716 sold for $150,000 ($37,500 per unit). The sale was an estate sale, heirs of the Estate of Jon Kouba and the buyer Gary and Susan Sharp of Oro Valley. The 2,373 sq. ft. in three buildings was effectively built in 1959 on a .41 acre lot.

NORTHEAST SUBMARKET
4-units at 4159 E Desert Place, Tucson, AZ 85712 sold for $165,000 ($41,250 per unit). The seller was Lee Thorn of Tucson and the buyer Rio Flores of Tucson (William Wissler, et al). The 3,072 sq. ft. building (built 1972) is on a .28 acre lot. James Robertson of Realty Executives Tucson Elite represented the buyer and the seller in the transaction.

4-units at 1623-1629 N Santa Rosa Ave, Tucson, AZ 85712 sold for $300,000 ($75,000 per unit). The seller was Gordon and Sonia Vernon Revocable Trust and the buyer, BWI Anklam, LLC of Tucson (James Baker). The 4,590 sq. ft. building (built 1968) is on a .33 acre lot.

SOUTH SUBMARKET
A duplex at 4325 S 7th Avenue, Tucson, AZ 85714 sold for $37,500 ($18,750 per unit) in an online auction sale. The seller was lender, Nationstar Mortgage, LLC of Lewisville, TX and the buyer Juan Alvarez of Tucson. The 1,386 sq. ft. building (built 1952) was vacant when it sold and is on a .11 acre lot. Bridgett Baldwin of Prudential Arizona Properties represented the seller and Auction. Com represented the buyer.

4-units sold at 113-119 E Aviation Dr, Tucson, AZ 85714 for $60,000 ($15,000 per unit). The seller was Francisco & Artemisa Lopez of Tucson and the buyer Gilbert & Mary Robles. The two duplexes total 2,076 sq. ft. (built 1950) on a .30 acre lot.
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(947 N Alvernon Way Sale date: 8/9/2013. Escrow time 30 days, market time 60 days. Down Payment was $117,982 and loan assumption of existing loan. GSI was $63,708 plus other income of $500. Adjusted gross income totaled $64,208. Total operating expense was $36,400. Property sold with an NOI of $27,808 and an 8.56% cap rate. Unit mix was 7 studios ($450 rent), 3 one-bedrooms ($475 rent), and 1 two-bedroom ($795 rent).)

(3314-3316 E Presidio Road Sale date: 8/7/2013. Documents show the transaction was all-cash. APN: 111-05-142H and 427-441 E Delano Sale date: 8/6/2013. Documents showed zero down and buyer assumed existing loan. APN: 107-11-0260)

(1702 E 10th Street and 40 N Warren Street Sale date: 8/29/2013. Escrow time was 30 days. Down payment was $33,960 financed conventionally. Property sold with a GSI of $14,400 and operating expenses of $7,354. Property sold at an 4.15% cap rate and an NOI of $7,046.)

(534 E 2nd Street Sale date: 8/7/2013. Down payment: $140,000. APN: 117-03-0190)

(110 W 21st Street, Sale date: 8/21/2013. All cash deal. APN: 117-09-0640)

(1150 & 1152 E Haven Lane Sale date: 8/14/2013. Unable to determine down payment, documents show zero down. APN: 113-04-042K)

(3202 E Lee Street Sale date was 8/8/2013. Escrow time was 75 days. The GSI was $12,000 and a $600 vacancy loss reported. Total operating expenses were $5,632. Property sold with a 5.49% cap rate and a $5,768 NOI.)

(205 W Laguna Street Sale date: 8/22/2013. Down payment was $35,433, balance financed conventionally. GSI was $22,020, expenses of $1,127 were reported, property sold with an NOI of $20,893 and a 14.74 cap rate. APN: 107-12-1920. R-3 zoning.)

(4159 E Desert Place Sale date: 8/19/2013. Escrow time was about 30 days. All cash deal. GSI was $27,312 with $2,731 vacancy loss reported. Total operating expenses of $9,221. Property sold with an NOI of $15,360 and a 9.31% cap rate. APN: 110-07-3320. R-2 zoning)

(1623-1629 N Santa Rosa Ave Sale date: 8/23/2013. Zero shown down, conventional financing. APN: 121-11-1950)

(4325 S 7th Avenue Sale date: 8/16/2013. All cash deal. APN: 120-07-459A)

(113-119 E Aviation Dr Sale date: 8/19/2013. All cash deal. APN: 120-06-3340)

 

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