NOT LISTED FOR SALE

1501 N Riverview Blvd Tucson, AZ 85745

Ward 1 Neighborhood

Estimated Value: $323,837 - $549,000

8 Beds
4 Baths
2,976 Sq Ft
$159/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $345,000 $116 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,779/month

49 Days on Market

Highlights

  • 0.29 Acre Lot
  • Breakfast Area or Nook
  • Bathtub with Shower
  • Contemporary Architecture
  • Family Room Off Kitchen
  • Storage

About This Home

As of March 2020

4-plex which is divided into two buildings all separately metered and occupied. Rents are currently low and could be raised. Each unit has two bedrooms, one bathroom, living room, kitchen and central AC. They also have washer/dryer hookups with additional storage. 48 hour notice to show upon accepted contract.

Last Agent to Sell the Property

Tara Madrigal

Rincon Ventures, Inc. Listed on: 02/07/2020

Co-Listed By

Shaun McClusky

Rincon Ventures, Inc.

Last Buyer's Agent

Emmanuel Mouzourakis

A-Level Up Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,278

Year Built

  • Built in 1986

Lot Details

  • 0.29 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Back and Front Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 2,976 Sq Ft Home
  • 1-Story Property
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage
  • Laundry Located Outside
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Electric Range

Parking

  • 8 Parking Spaces
  • No Driveway

Schools

  • Tully Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

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

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,278 special tax assessment

Community Details

Overview

  • El Rio Acres Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $1,500
  • Professional Management Expense $3,600
  • Gross Income $32,100
  • Net Operating Income $24,722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,278

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: EL RIO ACRES S60' LOT 114
  • Attached Detached: Detached
  • List Price per Sq Ft: 120.97
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units2 B R: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2976.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: None
  • Kitchen Features Oven: Oven/Stone
  • Living Areas: Living Room, Off Kitchen
  • Laundry: Outside, Storage
  • Extra Room: None
  • Kitchen Features: Electric Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Chain Link, Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: None
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Driveway: None
  • Total Parking: 8

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 2278.00

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.29
  • Lot Dimensions: Irregular
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 28.33
  • Lot Sq Ft: 12709.00
  • Lot Sz Sold Prc Sq Ft: 27.15
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1986

Rental Info

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

Tax Info

  • Tax Code: 115-17-191D
  • Taxes: 2278.06
  • Tax Year: 2019
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Mar 5, 2020
Sold by
Gayden Anthony P
Bought by
Rhew Miriam and Lee Brian
Seller's Agent
Tara Madrigal
Rincon Ventures, Inc.
Buyer's Agent
Emmanuel Mouzourakis
A-Level Up Realty, LLC
List Price
$345,000
Sold Price
$345,000
Total Days on Market
49
Current Estimated Value
$473,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,612
Avg. Annual Appreciation
6.03%
Original Mortgage
$258,750
Outstanding Balance
$229,221
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$244,391

Purchase Details

Listed on
May 7, 2014
Closed on
Jun 23, 2014
Sold by
Jensen Donald C
Bought by
Gayden Anthony P
Seller's Agent
Mick Cluck
Coldwell Banker Realty
Buyer's Agent
Chris Tsighis
Grubb & Ellis Company
List Price
$152,000
Sold Price
$152,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.32%
Original Mortgage
$149,246
Interest Rate
3.75%
Mortgage Type
FHA
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
Rhew Miriam $345,000 Stewart Title & Tr Of Tucson
Gayden Anthony P $152,000 Catalina Title Agency
Gayden Anthony P $152,000 Catalina Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhew Miriam $258,750
Previous Owner Gayden Anthony P $149,246
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $345,000 0.0% $116 / Sq Ft
03/01/2020 03/01/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $345,000 +127.0% $116 / Sq Ft
07/01/2014 07/01/14 Sold $152,000 0.0% $51 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $152,000 -- $51 / 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 $2,381 $19,904 -- --
2024 $2,381 $18,957 -- --
2023 $2,381 $18,054 -- --
2022 $2,395 $17,194 $0 $0
2021 $2,381 $15,596 $0 $0
2020 $2,309 $19,340 $0 $0
2019 $2,278 $16,451 $0 $0
2018 $2,228 $13,472 $0 $0
2017 $2,216 $13,472 $0 $0
2016 $2,179 $12,831 $0 $0
2015 $2,073 $12,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22003654

MLS of Southern Arizona

APN: 115-17-191D