NOT LISTED FOR SALE

1421 E Drachman St Unit 1429 Tucson, AZ 85719

North University Neighborhood

Estimated Value: $312,912 - $550,000

-- Bed
1 Bath
5,977 Sq Ft
$71/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $950,000 $159 Per Sq Ft

Current estimated payment $2,406/month

28 Days on Market

About This Home

As of November 2012

PREMIUM LOCATION! Two triplexes and one 5bd/2bth House located on three separate parcels THREE BLOCKS NORTH OF THE UNIVERSITY OF ARIZONA AND THREE BLOCKS WEST OF UMC. ALL units leased through July 2013! Pool, laundry room, and covered parking! Newer electric circuit breakers, ceiling fans, dishwashers, paint, etc. EXCELLENT OPPORTUNITY TO BUY INVESTMENT PROPERTY WITH RESIDENTIAL FINANCING! Includes pima county Tax parcels 123-17-2040 & 123-17-2050. All 3 must be purchasedtogether. One of owners is licensed to sell real estate in Arizona.

Last Agent to Sell the Property

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 10/02/2012

Last Buyer's Agent

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 10/02/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,029

Year Built

  • Built in 1952

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 150 x 145

Home Design

  • 5,977 Sq Ft Home
  • Triplex
  • Brick Exterior Construction

Utilities

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

Listing and Financial Details

  • $6,407 special tax assessment

Community Details

Overview

  • Plumer & Steward Add 2 Subdivision

Building Details

  • Fuel Expense $43
  • Insurance Expense $2,394
  • Maintenance Expense $11,897
  • Professional Management Expense $6,499
  • Water Sewer Expense $4,283
  • Gross Income $121,680
  • Net Operating Income $88,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,029

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Legal Description: PLUMER & STEWARDS NO 2 LOTS 2,3, & 4 BLK 7
  • List Price per Sq Ft: 171.49
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent Two Bedroom: 1130.00
  • Unit Info Avg Mo Rent Other: 3310.00
  • Unit Info Number Of Units2 B R: 6
  • Unit Info Number Of Units Other: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 5977.00
  • Interior Steps: No

Exterior Features

  • Construction: Brick

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 Elec Meter: No
  • Miscellaneous Master Gas Meter: No
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Admin Expenses: 320.00
  • Expenses Capital Expenses: 609.00
  • Expenses Contract Services: 554.00
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 43.00
  • Expenses Maintenance Supplies: 11897.00
  • Expenses Other Expenses: 130.00
  • Expenses Taxes Assessments: 6407.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.50
  • Lot Dimensions: 150 x 145
  • Lot Size Price Sq Ft: 47.13
  • Lot Sq Ft: 21750.00
  • Lot Sz Sold Prc Sq Ft: 43.68
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1952

Tax Info

  • Tax Code: 123-17-2030
  • Taxes: 6029.00
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2023
Sold by
Drachman 17 Llc
Bought by
Nido 2 Llc
Current Estimated Value
$424,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,500
Outstanding Balance
$1,192,483
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
-$767,505

Purchase Details

Closed on
Jan 23, 2023
Sold by
Drachman 17 Llc
Bought by
Nido 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,500
Outstanding Balance
$1,192,483
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
-$767,505

Purchase Details

Closed on
Feb 15, 2017
Sold by
Dandy Drachman Llc
Bought by
Drachman 17 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.2%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 2, 2012
Closed on
Oct 12, 2012
Sold by
Drachman Properties Llc
Bought by
Dandy Drachman Llc
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$950,000
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.99%

Purchase Details

Closed on
May 29, 2008
Sold by
Reidhead Jarrett W and Peterman Von
Bought by
Drachman Properties Llc

Purchase Details

Closed on
Oct 8, 2007
Sold by
Peterman Amber
Bought by
Peterman Von

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2007
Sold by
Moore Russell
Bought by
Moore Pats Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2007
Sold by
Moore Apts Llc
Bought by
Reidhead Jarrett W and Peterman Von

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2003
Sold by
Moore Clement G
Bought by
Moore Russell

Purchase Details

Closed on
Apr 2, 2001
Sold by
Hadden Constance Joy
Bought by
Moore Clement G

Purchase Details

Closed on
Mar 28, 2001
Sold by
Moore Sallie
Bought by
Moore Clement G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nido 2 Llc $1,774,000 Fidelity National Title
Nido 2 Llc $1,774,000 Fidelity National Title
Drachman 17 Llc $1,250,000 Fidelity Natl Title Agency I
Drachman 17 Llc $1,250,000 Fidelity Natl Title Agency I
Dandy Drachman Llc $950,000 First American Title Ins Co
Drachman Properties Llc -- None Available
Drachman Properties Llc -- None Available
Peterman Von -- Tfati
Peterman Von -- Tfati
Moore Pats Llc -- First American Title
Moore Pats Llc -- First American Title
Reidhead Jarrett W $155,000 Tfati
Reidhead Jarrett W -- Tfati
Reidhead Jarrett W -- Tfati
Reidhead Jarrett W $155,000 Tfati
Moore Russell -- --
Moore Clement G $115,000 Title Security
Moore Clement G -- Title Security
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nido 2 Llc $1,235,500
Closed Nido 2 Llc $1,235,500
Previous Owner Drachman 17 Llc $1,000,000
Previous Owner Reidhead Jarrett W $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2012 11/30/12 Sold $950,000 0.0% $159 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
10/02/2012 10/02/12 For Sale $950,000 -- $159 / 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 $2,119 $16,020 -- --
2024 $2,033 $15,257 -- --
2023 $1,927 $14,530 $0 $0
2022 $1,927 $13,839 $0 $0
2021 $1,916 $12,552 $0 $0
2020 $1,858 $12,552 $0 $0
2019 $1,865 $15,220 $0 $0
2018 $1,824 $11,027 $0 $0
2017 $1,814 $11,027 $0 $0
2016 $1,857 $11,027 $0 $0
2015 $1,782 $10,502 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jarrett Reidhead

    Tucson Integrity Realty, LLC

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21224126

MLS of Southern Arizona

APN: 123-17-2040

Arizona Pima County Tucson 85719 North University

1421 E Drachman St Unit 1429, Tucson, AZ

Not Listed for Sale

MultiFamily

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