NOT LISTED FOR SALE

Estimated Value: $448,000 - $547,000

-- Bed
1 Bath
1,531 Sq Ft
$320/Sq Ft Est. Value

Last Sold March 28, 2016

Last sale price $280,000 $183 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,950/month

17 Days on Market

About This Home

As of March 2016

Location, Location, Location!!!Beautiful 3bd/2bth w Den front house and 2bd/1bth guest house 2 blocks from the University of Arizona. Fully leased through July 2016! Monthly Rents are $2,500 per month!!!! Roof redone 2012 in the front house with cosmetic remodel in 2008 (including NEW AC)! Guest house was built new in 2004 with polished concrete floors! One of the Members of the Seller is licensed to sell real estate in Arizona.

Last Listed By

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 02/22/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,787

Year Built

  • Built in 1922

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • 1,531 Sq Ft Home
  • Duplex

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $2,787 special tax assessment

Community Details

Overview

  • Feldmans Add Subdivision

Building Details

  • Insurance Expense $720
  • Maintenance Expense $2,500
  • Gross Income $30,000
  • Net Operating Income $23,453

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,787

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Legal Description: FELDMANS AMENDED W100' LOT 2 BLK 8
  • List Price per Sq Ft: 186.15
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 700.00
  • Unit Info Average Monthly Rent Three Bedroom: 1625.00
  • 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

  • Gross Sq Ft: 1531.00
  • Interior Steps: Yes

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security: Window Bars
  • Sewer: Connected
  • Miscellaneous Master Gas Meter: Yes
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Admin Expenses: 195.00
  • Expenses Contract Services: 345.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 2500.00
  • Expenses Taxes Assessments: 2787.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.12
  • Lot Dimensions: 50 x 100
  • Lot Size Price Sq Ft: 54.52
  • Lot Sq Ft: 5227.00
  • Lot Sz Sold Prc Sq Ft: 53.57
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1922

Tax Info

  • Tax Code: 115-04-1050
  • Taxes: 2786.81
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 17, 2016
Sold by
Tucson Integrity Team Llc
Bought by
Bright Daniel and Bright Susan
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Linda Rott
Long Realty Company
List Price
$280,000
Sold Price
$280,000
Total Days on Market
17
Current Estimated Value
$489,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,724
Avg. Annual Appreciation
6.29%

Purchase Details

Closed on
Dec 4, 2009
Sold by
Tucson Integrity Team Llc
Bought by
Reidhead Jarrett and Reidhead Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2008
Sold by
Reidhead Jarrett and Reidhead Amy
Bought by
Tucson Integrity Team Llc

Purchase Details

Closed on
Jul 13, 2007
Sold by
Scala Andrew J and Scala Kathleen F
Bought by
Reidhead Jarrett and Reidhead Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 1993
Sold by
Koff Theodore H
Bought by
Scala Kathleen Frances and Scala Andrew Joseph

Range of Values:

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Average Value
Not Available
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
Bright Daniel $280,000 Signature Title Agency Az Ll
Reidhead Jarrett -- Tfati
Tucson Integrity Team Llc -- Accommodation
Tucson Integrity Team Llc -- None Available
Tucson Integrity Team Llc -- None Available
Reidhead Jarrett $309,000 Tfati
Reidhead Jarrett $309,000 Tfati
Scala Kathleen Frances $41,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reidhead Jarrett $244,500
Previous Owner Reidhead Jarrett $247,200
Previous Owner Scala Andrew J $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2016 03/28/16 Sold $280,000 0.0% $183 / Sq Ft
02/27/2016 02/27/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $280,000 -- $183 / 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 $2,505 $19,924 -- --
2023 $2,505 $18,975 $0 $0
2022 $2,517 $18,072 $0 $0
2021 $2,502 $16,392 $0 $0
2020 $2,426 $16,392 $0 $0
2019 $2,394 $18,400 $0 $0
2018 $2,342 $14,447 $0 $0
2017 $2,376 $14,447 $0 $0
2016 $2,612 $15,668 $0 $0
2015 $2,787 $16,426 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21605496

MLS of Southern Arizona

APN: 115-04-1050