NOT LISTED FOR SALE

Estimated Value: $498,000 - $627,136

6 Beds
4 Baths
2,548 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 18, 2020

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

Est. 61% increase in value since last sale

Current estimated payment $3,328/month

19 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Living Room
  • Covered patio or porch
  • Bathtub with Shower
  • Bungalow

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: 06/03/2020

Co-Listed By

Tyler Ford

eXp Realty

Last Buyer's Agent

David Armenta

Armenta Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,997

Year Built

  • Built in 1933

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence
  • Shrub
  • Landscaped with Trees

Home Design

  • Quadruplex
  • Bungalow
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 2,548 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Wood
  • Concrete

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Gravel 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

  • Drakes Add Resub Of Blk 26 Subdivision

Building Details

  • Insurance Expense $2,299
  • Gross Income $35,580
  • Net Operating Income $30,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,997

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Bungalow
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: Drakes Lot 18 & 19 BLK 21
  • Attached Detached: Detached
  • List Price per Sq Ft: 137.32
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Number Of Units1 B R: 1
  • Unit Info Number Of Units2 B R: 2
  • Unit Info Number Of Units Studios: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Window Coverings: Stay
  • Floor Covering: Concrete, Wood
  • Gross Sq Ft: 2548.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Eat-In
  • Dining Areas: Eat-In Kitchen
  • Dining Room: Area
  • Living Areas: Living Room
  • Laundry: Dryer Included, Washer Included
  • Extra Room: None
  • Kitchen Features: Electric Range, Refrigerator

Exterior Features

  • Construction: Brick
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: Yes
  • Fence: Block, Wood
  • Landscape Front: Decorative Gravel, Shrubs, Trees
  • Landscape Rear: Decorative Gravel
  • Patio Deck: Covered, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 5

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Heating: Natural Gas, Zoned
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: None

Fee Information

  • Expenses Contract Services: 340.00
  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 1953.00

Schools

  • School District: TUSD
  • Elementary School: Sam Hughes
  • Middle School: Mansfeld
  • High School: Tucson

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.17
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 47.25
  • Lot Sq Ft: 7405.00
  • Lot Sz Sold Prc Sq Ft: 47.70
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: Yes

Building Info

  • Year Built: 1933

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Owner
  • Utilities Paid Gas: Owner
  • Utilities Paid Insurance: Tenant
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 124-08-1600
  • Taxes: 1996.53
  • Tax Year: 2019
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Mansfeld
  • Elementary School: Sam Hughes
  • High School: Tucson
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 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
Armenta Realty, LLC
List Price
$353,250
Sold Price
$353,250
Current Estimated Value
$569,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,795
Avg. Annual Appreciation
10.05%
Original Mortgage
$346,851
Interest Rate
3%
Mortgage Type
FHA

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:

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Average Value
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List Price
Sold Price
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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 $30,948
Open Ni Huilan I $341,250
Closed Rizzo Roger $346,851
Previous Owner Zaepfel Charles A $197,250
Previous Owner Kennron Llc $200,000
Previous Owner Kennron Llc $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

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
2024 $2,214 $16,614 -- --
2023 $2,099 $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

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Map

Source: MLS of Southern Arizona

MLS Number: 22014167

MLS of Southern Arizona

APN: 124-08-1600