NOT LISTED FOR SALE

1601 S Woodland Ave Tucson, AZ 85711

Myers Neighborhood

Estimated Value: $275,000 - $474,943

5 Beds
4 Baths
2,245 Sq Ft
$169/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $400,000 $178 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,503/month

57 Days on Market

Highlights

  • RV Parking in Community
  • Corner Lot
  • Breakfast Area or Nook
  • Ranch Style House
  • Covered Patio or Porch
  • Beamed Ceilings

About This Home

As of January 2023

What an incredible opportunity to build your wealth with this turn-key 4 plex! Whether you're a seasoned investor looking for your next asset, or just getting started in real estate investing, put this terrific property at the top of your list! Conveniently central, this property is a straight shot from the base, and minutes from groceries, dining, and shopping. The two 1 bed/ 1 bath units are rented, while the studio unit is currently used as a short term rental, which nets over $15,000 per year! The recently remodeled 3 bed/ 1 bath unit is perfect for an owner's residence, but would also be a very desirable rental! Each unit has its own yard. This 4 plex has been well-maintained, and has had many recent upgrades. This will be an excellent addition to your portfolio, so come see it!

Last Agent to Sell the Property

Jeremy Rains

RE/MAX Select Listed on: 11/30/2022

Last Buyer's Agent

Kristina Scott

Realty One Group Integrity

Realty One Group Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,107

Year Built

  • Built in 1966

Lot Details

  • 6,882 Sq Ft Lot
  • Property fronts an alley
  • Wood Fence
  • Chain Link Fence
  • Corner Lot

Home Design

  • Quadruplex
  • Ranch Style House
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 2,245 Sq Ft Home
  • Beamed Ceilings
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Range
  • Stainless Steel Appliances

Home Security

  • Window Bars
  • Security Lights
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Parking Pad

Schools

  • Myers/Ganoung Elementary School
  • Roberts Middle School
  • University High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $2,173 special tax assessment

Community Details

Overview

  • Craycroft Terrace Subdivision
  • RV Parking in Community

Building Details

  • Fuel Expense $3,600
  • Insurance Expense $1,308
  • Maintenance Expense $5,000
  • Water Sewer Expense $1,800
  • Gross Income $45,000
  • Net Operating Income $31,119

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,107

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: From Parcel:001010010 /Craycroft Terrace Lot 2
  • Attached Detached: Attached
  • List Price per Sq Ft: 178.17
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units1 B R: 2
  • Unit Info Number Of Units3 B R: 1
  • Unit Info Number Of Units Studios: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Dual Pane Windows, Exposed Beams, Smoke Detector
  • Floor Covering Other: Laminate
  • Window Coverings: Some
  • Gross Sq Ft: 2245.00
  • Bathroom Features: Shower & Tub/Primary
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: Area
  • Kitchen Features Appliance Color: Stainless
  • Living Areas: Living Room
  • Laundry: Laundry Room
  • Extra Room: None
  • Kitchen Features: Breakfast Bar, Double Sink, Gas Range

Exterior Features

  • Construction: Brick
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Chain Link, Wood
  • Landscape Front: None
  • Landscape Rear: None
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Driveway: Car(s) Pad
  • Rv Parking: Space Available
  • Total Parking: 5

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Cooling Other: Mini Splits
  • Main Heating: Forced Air, Natural Gas
  • Security: Security Lights, Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Gas Electric: 3600.00
  • Expenses Maintenance Supplies: 5000.00
  • Expenses Taxes Assessments: 2173.35

Schools

  • School District: TUSD
  • Elementary School: Myers/Ganoung
  • Middle School: Roberts (at Naylor)
  • High School: University

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.16
  • Lot Dimensions: 37*11*110*71*115
  • Lot Features: Adjacent to Alley, Corner Lot, North/South Exposure
  • Lot Size Price Sq Ft: 58.12
  • Lot Sq Ft: 6882.00
  • Lot Sz Sold Prc Sq Ft: 58.12
  • Municipality Zoning: Tucson - R3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1966

Rental Info

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

Tax Info

  • Tax Code: 131-02-0130
  • Taxes: 2107.45
  • Tax Year: 2021
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Roberts (at Naylor)
  • Elementary School: Myers/Ganoung
  • High School: University
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2022
Closed on
Jan 26, 2023
Sold by
Allen James Frederick and Allen Elizabeth Ann
Bought by
James Ian and James Lori Medford
Seller's Agent
Jeremy Rains
RE/MAX Select
Buyer's Agent
Kristina Scott
Realty One Group Integrity
List Price
$400,000
Sold Price
$400,000
Views
1
Current Estimated Value
$424,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,186
Avg. Annual Appreciation
2.03%
Original Mortgage
$300,000
Outstanding Balance
$291,210
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$129,853

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 17, 2021
Sold by
Lash Jane
Bought by
Allen James Frederick and Allen Elizabeth Ann
Seller's Agent
Lori Mares
Long Realty
Buyer's Agent
Francis Larby
eXp Realty
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.21%
Original Mortgage
$221,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2010
Sold by
Homes For All Llc
Bought by
Lash Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2008
Sold by
Lash Jane
Bought by
Homes For All Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2008
Sold by
Tucson House & Home Llc
Bought by
Lash Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2007
Sold by
French Richard C and French Di Anne M
Bought by
Tucson House & Home Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 10, 2006
Sold by
Clifford Robert J and Pelzmann Catherine A
Bought by
French Richard C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2002
Sold by
Cb Holdings Ltd Partnership
Bought by
Clifford Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
6.22%
Mortgage Type
New Conventional
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
James Ian $400,000 Fidelity National Title
Allen James Frederick -- New Title Company Name
Lash Jane -- None Available
Homes For All Llc -- None Available
Homes For All Llc -- None Available
Lash Jane $207,000 Tfnti
Tucson House & Home Llc -- None Available
French Richard C $212,000 Lawyers Title Insurance Corp
Clifford Robert J $155,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open James Ian $300,000
Previous Owner Allen James Frederick $35,000
Previous Owner Allen James Frederick $221,000
Previous Owner Leah Jane $155,000
Previous Owner Lash Jane $155,250
Previous Owner French Richard C $220,000
Previous Owner French Richard C $169,600
Previous Owner Clifford Robert J $10,500
Previous Owner Clifford Robert J $122,000
Previous Owner Clifford Robert J $116,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2023 01/28/23 Pending -- -- --
01/27/2023 01/27/23 Sold $400,000 0.0% $178 / Sq Ft
12/01/2022 12/01/22 For Sale $400,000 +40.4% $178 / Sq Ft
05/21/2021 05/21/21 Sold $285,000 0.0% $127 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $285,000 -- $127 / 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 $2,173 $17,305 -- --
2023 $2,173 $16,481 -- --
2022 $2,186 $15,696 $0 $0
2021 $2,173 $14,237 $0 $0
2020 $2,107 $17,467 $0 $0
2019 $2,080 $17,286 $0 $0
2018 $2,034 $12,298 $0 $0
2017 $2,023 $12,298 $0 $0
2016 $1,992 $11,713 $0 $0
2015 $1,929 $11,155 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22229982

MLS of Southern Arizona

APN: 131-02-0130