NOT LISTED FOR SALE

1508 E 8th St Tucson, AZ 85719

Rincon Heights Neighborhood

Estimated Value: $449,000 - $525,000

4 Beds
4 Baths
2,022 Sq Ft
$232/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $289,000 $143 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,707/month

Highlights

  • The property is located in a historic district
  • Contemporary Architecture
  • Breakfast Area or Nook
  • Two Primary Bathrooms
  • Great Room
  • Garden Windows

About This Home

As of October 2020

Duplex just steps from the University of Arizona.

Last Agent to Sell the Property

Denice Osbourne

Long Realty Listed on: 10/02/2020

Last Buyer's Agent

Denice Osbourne

Long Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,414

Year Built

  • Built in 1984

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 41 x 151
  • Landscaped with Trees

Home Design

  • Duplex
  • Contemporary Architecture
  • Frame Construction
  • Built-Up Roof

Interior Spaces

  • 2,022 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Garden Windows
  • Great Room
  • Family Room Off Kitchen
  • Dining Room
  • Ceramic Tile Flooring
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Electric Range

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • Two Primary Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower
  • Exhaust Fan In Bathroom

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Eco-Friendly Details

  • North or South Exposure

Location

  • Ground Level
  • Flood Zone Lot
  • The property is located in a historic district

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • $2,300 special tax assessment

Community Details

Overview

  • Drakes Addition Subdivision

Building Details

  • Insurance Expense $1,200
  • Gross Income $23,400
  • Net Operating Income $19,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,414

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: Drakes Lot 3 & W15' Lot 4 Blk 19
  • Attached Detached: Attached
  • List Price per Sq Ft: 143.42
  • Subdivision Restrict C C And Rs: No
  • Unit Info Avg Mo Rent Other: 950.00
  • Unit Info Number Of Units Other: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Garden Window, Split Bedroom Plan, Walk In Closets
  • Floor Covering Other: laminate
  • Window Coverings: Some
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2022.00
  • Bathroom Features: 2 Primary Baths, Dual Sinks/Primary, Shower Only/Primary
  • Breakfast: Area
  • Dining Areas: Breakfast Nook
  • Dining Room: Area
  • Living Areas: Great Room, Off Kitchen
  • Laundry: Laundry Closet
  • Extra Room: None
  • Kitchen Features: Double Sink, Electric Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: Yes
  • Fence: None
  • Landscape Front: Decorative Gravel, Trees
  • Landscape Rear: Decorative Gravel
  • Patio Deck: None
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 6

Utilities

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

Condo/Co-op/Association

  • Association Amenities: None
  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: Historic, Sidewalks

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 2300.00

Green Features

  • Green Features: Bath Exhaust Out

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.14
  • Lot Dimensions: 41 x 151
  • Lot Features: North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 47.56
  • Lot Sq Ft: 6098.00
  • Lot Sz Sold Prc Sq Ft: 47.39
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: Yes

Building Info

  • Year Built: 1984

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: 124-08-118B
  • Taxes: 2414.28
  • Tax Year: 2019
  • 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
Oct 2, 2020
Closed on
Sep 29, 2020
Sold by
Cheng Hwa-Yea and Pai Shu Wan
Bought by
Ricardo Valerdi And Briana B Valerdi 2011 Rev and Valerdi
Seller's Agent
Denice Osbourne
Long Realty
Buyer's Agent
Denice Osbourne
Long Realty Company
List Price
$289,000
Sold Price
$289,000
Current Estimated Value
$469,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,898
Avg. Annual Appreciation
9.90%
Original Mortgage
$216,750
Outstanding Balance
$191,914
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$277,984

Purchase Details

Closed on
Dec 20, 2010
Sold by
Chang Hwa Yea
Bought by
Chang Hwa Yea and Pai Shu Wan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2010
Sold by
Pai Shu Wan
Bought by
Chang Hwa Yea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2010
Sold by
Migneault Leo W and Migneault Linda L
Bought by
Chang Hwa Yea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 1999
Sold by
Lewis John F and Lewis Agatha E
Bought by
Migneault Leo W and Migneault Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 1999
Sold by
Lewis Robert J
Bought by
Lewis John F and Lewis Agatha E

Purchase Details

Closed on
Jun 1, 1999
Sold by
Lewis Jeffrey F
Bought by
Lewis John F and Lewis Agatha E
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
Ricardo Valerdi And Briana B Valerdi 2011 Rev -- Long Title
Chang Hwa Yea -- Tstti
Chang Hwa Yea -- Tstti
Chang Hwa Yea $220,000 Tstti
Chang Hwa Yea $220,000 Tstti
Migneault Leo W $150,000 --
Lewis John F -- --
Lewis John F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricardo Valerdi And Briana B Valerdi 2011 Rev $216,750
Previous Owner Chang Hwa Yea $165,000
Previous Owner Migneault Leo W $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2020 10/05/20 Sold $289,000 0.0% $143 / Sq Ft
10/02/2020 10/02/20 For Sale $289,000 -- $143 / 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 $2,790 $21,095 -- --
2024 $2,523 $20,090 -- --
2023 $2,523 $19,134 -- --
2022 $2,538 $18,223 $0 $0
2021 $2,523 $16,529 $0 $0
2020 $2,447 $25,839 $0 $0
2019 $2,414 $23,898 $0 $0
2018 $2,362 $14,278 $0 $0
2016 $2,285 $13,598 $0 $0
2015 $2,197 $12,951 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Denice Osbourne

    Long Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22024755

MLS of Southern Arizona

APN: 124-08-118B

Arizona Pima County Tucson 85719 Rincon Heights

1508 E 8th St, Tucson, AZ

Not Listed for Sale

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