NOT LISTED FOR SALE

1402 E Elm St Unit 1&2 Tucson, AZ 85719

North University Neighborhood

Estimated Value: $452,000 - $795,000

8 Beds
4 Baths
2,827 Sq Ft
$228/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $480,000 $170 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,813/month

178 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Ceramic Tile Flooring
  • Breakfast Area or Nook
  • Laundry closet
  • 1-Story Property

About This Home

As of January 2020

Great find! Excellent opportunity 5 blocks from U of A. and Banner Health. Two 4BR/2BA houses on one lot. With U of A students as primary tenants, the units have virtually no vacancy. #1 currently vacant for remodeling and new stainless steel appliances have been installed! New showers with subway tile, new vanities, new light fixtures, new carpet in bedrooms, ceramic tile in other areas. AC, washer & dryer included in each house. Front house has 2 BR and 1 BA in the front and 2 BR 1 BA in the rear of the house. Back house is much newer. 2 BR 1 BA on each side of the living area so they are split plans. Fresh paint on the exterior. New corrugated metal fencing. Each kitchen has a stove, side by side refrigerator, microwave, and dishwasher. Tenants pay all utilities.

Last Agent to Sell the Property

Eduardo Garcia

Grijalva Realty Corp. Listed on: 06/21/2019

Co-Listed By

Laura Grijalva

Grijalva Realty Corp.

Last Buyer's Agent

Omer Kreso

Realty Executives Arizona Territory

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,277

Year Built

  • Built in 1968

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 54x151x54x151
  • Property fronts an alley
  • Corner Lot
  • Paved or Partially Paved Lot
  • Back and Front Yard

Home Design

  • Duplex
  • Split Level Home
  • Frame With Stucco
  • Rolled or Hot Mop Roof
  • Metal Roof

Interior Spaces

  • Shower Only in Secondary Bathroom
  • 2,827 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security System Leased
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Parking Pad
  • Driveway

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $4,277 special tax assessment

Community Details

Overview

  • Plumer & Steward Add Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $500
  • Gross Income $43,200
  • Net Operating Income $38,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,277

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style Other: Combo
  • Technology: Cable TV
  • Accessibility Options: None
  • Apartment Unit Number: 1&2
  • Legal Description: Plumer & Stewards No 2 Lot 16 Blk 15
  • Attached Detached: Detached
  • List Price per Sq Ft: 185.71
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector, Split Plan, Storage
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 2827.00
  • Bathroom Features: Shower Only/Hall, Shower Only/Primary
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Kitchen Features Appliance Color: White
  • Living Areas: Living Room
  • Laundry: Dryer Included, Laundry Closet, Washer Included
  • Extra Room: None
  • Kitchen Features: Dishwasher, Electric Range, Refrigerator

Exterior Features

  • Construction: Concrete Block, Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence Other: Metal
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: None
  • Pool: None
  • Road Maintenance: City
  • Roof: Metal, Rolled
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Driveway: Car(s) Pad
  • Total Parking: 8

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: Electric, Forced Air
  • Security: Alarm Leased
  • Security Other: Front door
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Paved Street

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 4277.00

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.17
  • Lot Dimensions: 54x151x54x151
  • Lot Features: Adjacent to Alley, Corner Lot, North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 70.90
  • Lot Sq Ft: 7405.00
  • Lot Sz Sold Prc Sq Ft: 64.82
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1968

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: 123-17-2710
  • Taxes: 4277.21
  • Tax Year: 2018
  • 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

Closed on
Sep 30, 2020
Sold by
Patel Sunny and Patel Vishal
Bought by
1402 E Elm Llc
Current Estimated Value
$645,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Outstanding Balance
$327,316
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$318,279

Purchase Details

Closed on
Sep 29, 2020
Sold by
Svp Holdings Llc
Bought by
Patel Sunny and Patel Vishal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Outstanding Balance
$327,316
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$318,279

Purchase Details

Listed on
Jun 21, 2019
Closed on
Jan 28, 2020
Sold by
Patel Vishal and Patel Sunny
Bought by
Svp Holdings Llc
Seller's Agent
Eduardo Garcia
Grijalva Realty Corp.
Buyer's Agent
Omer Kreso
Realty Executives Arizona Territory
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$360,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2016
Sold by
Kustner Bryan and Kustner Nicole R
Bought by
Pasadena Towers 2 Llc

Purchase Details

Closed on
Jan 8, 2013
Sold by
Kustner Nicole R
Bought by
Kustner Bryan

Purchase Details

Closed on
Nov 8, 2010
Sold by
Pasadena Towers 2 Llc
Bought by
Kustner Bryan and Kustner Nicole R

Purchase Details

Closed on
Nov 4, 2006
Sold by
Kustner Bryan and Kustner Nicole
Bought by
Pasadena Towers 2 Llc

Purchase Details

Closed on
Jul 27, 2005
Sold by
Kustner Bryan
Bought by
Kustner Bryan and Kustner Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.56%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 22, 2005
Sold by
Kustner Bryan and Kustner Nicole
Bought by
Kustner Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.56%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 16, 2004
Sold by
Kustner Nicole
Bought by
Kustner Bryan and Kustner Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
6.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 22, 2002
Sold by
Yde William L and Yde Carol Ann
Bought by
Kustner Nicole

Purchase Details

Closed on
Aug 19, 2002
Sold by
Kustner Bryan
Bought by
Kustner Nicole

Purchase Details

Closed on
Jul 17, 2000
Sold by
Yde William L and Yde Carol Ann
Bought by
Yde William L and Yde Carol Ann

Purchase Details

Closed on
Sep 10, 1996
Sold by
Yde William L and Yde Carol Ann
Bought by
Yde William L and Yde Carol Ann

Purchase Details

Closed on
Jul 3, 1996
Sold by
Yde William L and Yde Carol Ann
Bought by
Yde William L and Yde Carol Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.2%

Purchase Details

Closed on
Apr 3, 1996
Sold by
Miller Roger L and Miller Kenneth A
Bought by
Yde William L and Yde Carol A
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
1402 E Elm Llc -- Title Security Agency Llc
1402 E Elm Llc -- Title Security Agency
Patel Sunny -- Title Security Agency Llc
Patel Sunny -- Title Security Agency Llc
Svp Holdings Llc -- Accommodation
Patel Vishal $480,000 Signature Title Agency
Pasadena Towers 2 Llc -- Accommodation
Kustner Bryan -- None Available
Kustner Bryan -- None Available
Kustner Bryan -- Tfnti
Kustner Bryan -- Tfnti
Pasadena Towers 2 Llc -- Rezms
Kustner Bryan -- --
Kustner Bryan -- --
Kustner Bryan -- --
Kustner Bryan -- --
Kustner Bryan -- --
Kustner Bryan -- --
Kustner Nicole $131,000 Long Title
Kustner Nicole -- Long Title
Kustner Nicole -- Long Title
Yde William L -- --
Yde William L -- --
Yde William L -- --
Yde William L -- --
Yde William L $79,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Sunny $368,000
Closed Patel Sunny $368,000
Previous Owner Patel Vishal $360,000
Previous Owner Kustner Bryan $275,000
Previous Owner Kustner Bryan $226,000
Previous Owner Yde William L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $480,000 0.0% $170 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $480,000 -- $170 / 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 $4,848 $38,207 -- --
2024 $4,848 $36,388 -- --
2023 $4,574 $34,655 $0 $0
2022 $4,597 $33,005 $0 $0
2021 $4,570 $29,936 $0 $0
2020 $4,431 $29,936 $0 $0
2019 $4,373 $30,565 $0 $0
2018 $4,277 $26,442 $0 $0
2017 $4,349 $26,442 $0 $0
2016 $4,350 $26,088 $0 $0
2015 $4,215 $24,846 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Eduardo Garcia

    Grijalva Realty Corp.

  • L

    Seller Co-Listing Agent in 2020

    Laura Grijalva

    Grijalva Realty Corp.

  • Omer Kreso

    Buyer's Agent in 2020

    Omer Kreso

    Realty Executives Arizona Territory

    (520) 247-7480

    1 in this area

    66 Total Sales

    Omer Kreso
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Map

Source: MLS of Southern Arizona

MLS Number: 21916659

MLS of Southern Arizona

APN: 123-17-2710

Arizona Pima County Tucson 85719 North University

1402 E Elm St Unit 1&2, Tucson, AZ

This home is located at 1402 E Elm St Unit 1&2, Tucson, AZ 85719 since 21 June 2019 and is currently estimated at $645,595, approximately $228 per square foot. This property was built in 1968. 1402 E Elm St Unit 1&2 is a home located in Pima County with nearby schools including Blenman Elementary School, Doolen Middle School, and Catalina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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