NOT LISTED FOR SALE

Estimated Value: $370,000 - $597,000

5 Beds
4 Baths
2,128 Sq Ft
$246/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $519,000 $244 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,065/month

111 Days on Market

Highlights

  • Contemporary Architecture
  • Covered Patio or Porch
  • Walk-In Closet
  • Wood Flooring
  • Breakfast Area or Nook
  • Bathtub with Shower

About This Home

As of September 2023

TWO buildings, 5 tenants paying all utilities! UNDER-MARKET RENT! Leases end July 31, 2023. Separately metered. Front house 2 bedroom/1 bath with wood floors and ceramic tile throughout. High ceilings, low maintenance. Gated off-street parking, enough for 6 vehicles or more. Charming 1940 bungalow style. Rear house 3 bedroom/3 bath with ceramic tile throughout. Shared laundry room attached to rear house, AND each unit has hookups for personal machines if desired. Views of the Arizona Stadium from the front steps! Easy distance to campus and downtown. Zoned R-3. Plenty of space between units. An attractive rental opportunity. Buyer to verify all facts and figures, including those in MLS.

Last Agent to Sell the Property

Bridgett Baldwin

Berkshire Hathaway HomeServices Arizona Properties Listed on: 05/03/2023

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Bridgett Baldwin

Real Living Premier Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,847

Year Built

  • Built in 2003

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 50'x151'x50'x151'
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Shrub
  • Paved or Partially Paved Lot
  • Landscaped with Trees
  • Back Yard

Home Design

  • Duplex
  • Contemporary Architecture
  • Bungalow
  • Shingle Roof
  • Built-Up Roof

Interior Spaces

  • 2,128 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Dual Sinks
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Driveway

Schools

  • Roskruge Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $3,847 special tax assessment

Community Details

Overview

  • Drakes Addition Subdivision

Building Details

  • Insurance Expense $1,058
  • Gross Income $36,000
  • Net Operating Income $30,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,847

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Bungalow, Contemporary
  • Technology: High Speed Internet
  • Accessibility Options: None
  • Legal Description: Drakes Lots 8 & 9 Blk 27
  • Attached Detached: Detached
  • List Price per Sq Ft: 258.46
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units2 B R: 1
  • Unit Info Number Of Units3 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Walk In Closets
  • Window Coverings: None
  • Floor Covering: Ceramic Tile, Wood
  • Gross Sq Ft: 2128.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Eat-In
  • Dining Areas: Breakfast Nook, Eat-In Kitchen
  • Dining Room: Area
  • Kitchen Features Pantry: Cabinet
  • Laundry Other: shared laundry room
  • Living Areas: Family Room, Living Room
  • Laundry: Dryer Included, Laundry Room, Washer Included
  • Extra Room: Storage
  • Kitchen Features: Double Sink, Gas Range, Refrigerator

Exterior Features

  • Construction: Other
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Block, Chain Link, Wrought Iron
  • Landscape Front: Decorative Gravel, Low Care, Shrubs, Trees
  • Landscape Rear: Decorative Gravel, Low Care
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect, Shingle
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Driveway: To Property Line
  • Total Parking: 6

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: Paved Street, Sidewalks

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Other Expenses: 100.00
  • Expenses Taxes Assessments: 3847.45

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.17
  • Lot Dimensions: 50'x151'x50'x151'
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 73.41
  • Lot Sq Ft: 7492.00
  • Lot Sz Sold Prc Sq Ft: 69.27
  • Municipality Zoning: Tucson - R3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 2003

Rental Info

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

Tax Info

  • Tax Code: 124-08-2270
  • Taxes: 3847.45
  • Tax Year: 2021
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Mansfeld
  • Elementary School: Roskruge
  • High School: Tucson
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Sep 13, 2023
Sold by
Arkadi Shtutman and Arkadi Alena Shtutman
Bought by
Valeri Evan
Seller's Agent
Bridgett Baldwin
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Bridgett Baldwin
Real Living Premier Partners
List Price
$550,000
Sold Price
$519,000
Premium/Discount to List
-$31,000
-5.64%
Views
308
Current Estimated Value
$522,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,619
Avg. Annual Appreciation
0.32%
Original Mortgage
$389,250
Outstanding Balance
$380,152
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$142,467

Purchase Details

Listed on
May 3, 2023
Closed on
Sep 11, 2023
Sold by
Arkadi Shtutman and Arkadi Alena Shtutman
Bought by
Valeri Evan
Seller's Agent
Bridgett Baldwin
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Bridgett Baldwin
Real Living Premier Partners
List Price
$550,000
Sold Price
$519,000
Premium/Discount to List
-$31,000
-5.64%
Views
308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,250
Outstanding Balance
$380,152
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$142,467

Purchase Details

Closed on
Jun 29, 2015
Sold by
Shututman Dan
Bought by
Shtutman Arkadi and Shtutman Alena

Purchase Details

Closed on
Jul 8, 2009
Sold by
Ewing William M and Ewing Loretta C
Bought by
Shtutman Dan and Shtutman Arkadi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Valeri Evan $519,000 Stewart Title & Trust Of Tucso
Valeri Evan $519,000 Stewart Title & Trust Of Tucso
Shtutman Arkadi -- None Available
Shtutman Dan $285,000 Tlati
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valeri Evan $389,250
Closed Valeri Evan $389,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2023 09/14/23 Sold $519,000 -5.6% $244 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/06/2023 08/06/23 For Sale $550,000 0.0% $258 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
06/27/2023 06/27/23 Price Changed $550,000 -0.9% $258 / Sq Ft
05/23/2023 05/23/23 For Sale $555,000 0.0% $261 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $555,000 -- $261 / 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
2025 $3,753 $32,164 -- --
2024 $4,082 $30,633 -- --
2023 $3,851 $29,174 $0 $0
2022 $3,870 $27,785 $0 $0
2021 $3,847 $25,201 $0 $0
2020 $3,730 $25,201 $0 $0
2019 $3,681 $29,478 $0 $0
2018 $3,601 $21,770 $0 $0
2017 $3,581 $21,770 $0 $0
2016 $3,457 $20,733 $0 $0
2015 $3,350 $19,746 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22309618

MLS of Southern Arizona

APN: 124-08-2270