NOT LISTED FOR SALE

Estimated Value: $523,000 - $640,512

6 Beds
4 Baths
2,548 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 18, 2020

Last sale price $353,250 $139 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,066/month

19 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Eat-In Kitchen
  • Secondary bathroom tub or shower combo
  • Covered Patio or Porch
  • Brick or Stone Mason

About This Home

As of August 2020

This prime location stays 100% leased. Right next to the UofA and public transportation. This property was built in 1933 and has the potential tax advantages of being a historic home. Three separate units with private entrances are in the main house with one unit stand alone as a guest house. Unit one has 2 bedrooms with the original wood flooring, and a laundry room. Unit 2 is a 1 bedroom downstairs at the cool basement level. Unit 3, also at the basement level is a 2 bedroom. unit for is it's own building as a divided Studio home with it's own patio and yard. The space for parking 5 vehicles on the property is a rare find for the area.

Last Agent to Sell the Property

Brian Beebe

eXp Realty Listed on: 06/10/2020

Co-Listed By

Tyler Ford

eXp Realty

Last Buyer's Agent

David Armenta

Avenida Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 47 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Shrub
  • Landscaped with Trees

Home Design

  • Quadruplex
  • Bungalow
  • Brick or Stone Mason
  • Built-Up Roof

Interior Spaces

  • Secondary bathroom tub or shower combo
  • 2,548 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Wood
  • Concrete

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Driveway

Location

  • Ground Level
  • Flood Zone Lot

Schools

  • Sam Hughes Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Covered Patio or Porch

Listing and Financial Details

  • $1,953 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions

Building Details

  • Insurance Expense $2,299
  • New Taxes Expense $1,953
  • Operating Expense $4,592
  • Gross Income $35,580
  • Net Operating Income $30,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Horses: No
  • Lot Size: 0
  • Road Surface Type: Paved
  • CapRate: 8.77
  • Co List Office Mls Id: 4952
  • Co List Office Phone: 888-897-7821
  • Co List Office Mls Id: 4952
  • Subdivision Name: Drakes Add Resub Of Blk 26
  • General Property Information: List Price/SqFt: 137.32
  • General Property Information: Lot Size Price/SqFt: 47.25
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: None
  • Construction Type: Brick
  • Patio And Porch Features: Covered, Patio

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Dryer Included, Washer Included
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Contract Services: 340.0
  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 1953.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Mansfeld

Lot Info

  • Lot Features: North/South Exposure, Decorative Gravel, Shrubs
  • Lot Size Sq Ft: 47.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1933

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2019
  • New Taxes Expense: 1953.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35580.0
  • Insurance Expense: 2299.0
  • Property Net Operating Income: 30988.0
  • Annual Operating Expense: 4592.0

MLS Schools

  • Elementary School: Sam Hughes
  • High School: Tucson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 11, 2020
Sold by
Zaepfel Charles A and Gwozdz Patricia M
Bought by
Rizzo Roger
Seller's Agent
Brian Beebe
eXp Realty
Buyer's Agent
David Armenta
Avenida Realty
List Price
$353,250
Sold Price
$353,250
Current Estimated Value
$557,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,426
Avg. Annual Appreciation
9.44%
Original Mortgage
$346,851
Outstanding Balance
$304,198
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$275,306

Purchase Details

Listed on
Oct 10, 2016
Closed on
Nov 22, 2016
Sold by
Kennron Llc
Bought by
Zaepfel Charles A and Gwozdz Patricia M
Seller's Agent
Soleil Schwabe
Peach Properties HM, Inc.
Buyer's Agent
Soleil Schwabe
Peach Properties HM, Inc.
List Price
$263,000
Sold Price
$263,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%
Original Mortgage
$197,250
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2006
Sold by
Gangwal Dinkar D and Gangwal Lalita D
Bought by
Kennron Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.36%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rizzo Roger $353,250 Title Security Agency Llc
Zaepfel Charles A $263,000 Long Title Agency Inc
Zaepfel Charles A $263,000 Long Title Agency Inc
Kennron Llc $265,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rizzo Roger $346,851
Previous Owner Zaepfel Charles A $197,250
Previous Owner Kennron Llc $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2020 08/18/20 Sold $353,250 0.0% $139 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $353,250 +34.3% $139 / Sq Ft
11/29/2016 11/29/16 Sold $263,000 0.0% $113 / Sq Ft View Prior Sale
10/30/2016 10/30/16 Pending -- -- --
10/10/2016 10/10/16 For Sale $263,000 -- $113 / Sq Ft
Source: MLS of Southern Arizona

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
2026 $2,035 $18,317 -- --
2025 $2,035 $17,445 -- --
2024 $2,214 $16,614 -- --
2023 $2,089 $15,823 $0 $0
2022 $2,099 $15,069 $0 $0
2021 $2,087 $13,668 $0 $0
2020 $2,023 $29,679 $0 $0
2019 $1,997 $28,361 $0 $0
2018 $1,953 $11,807 $0 $0
2017 $1,942 $11,807 $0 $0
2016 $1,901 $11,245 $0 $0
2015 $1,843 $10,709 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22014167

MLS of Southern Arizona

APN: 124-08-1600