NOT LISTED FOR SALE

1608 E 8th St Unit 1610 Tucson, AZ 85719

Rincon Heights Neighborhood

Estimated Value: $563,433 - $890,000

10 Beds
5 Baths
3,289 Sq Ft
$220/Sq Ft Est. Value

Last Sold April 10, 2018

Last sale price $800,000 $243 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,189/month

39 Days on Market

Highlights

  • Mountain View
  • Ranch Style House
  • Corian Countertops
  • Vaulted Ceiling
  • Wood Flooring
  • Community Pool

About This Home

As of April 2018

Large 10 bedroom Duplex located 2 streets south of University of Arizona! Fully leased through July 2018! Rents for $7,500 per month. 7.29% Cap Rate. Property was remodeled in 2007 with new AC, roof, paint, finishes. New Kitchen in 2013. New Flooring in 2012. Back unit had new addition and complete remodel in 2008. Highly desirable rental property close to UofA. One of the members is a licensed real estate Broker in AZ.

Last Agent to Sell the Property

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 02/13/2018

Last Buyer's Agent

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 02/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,043

Year Built

  • Built in 1930

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Property fronts an alley
  • Wrought Iron Fence
  • Block Wall Fence
  • Front Yard

Home Design

  • Duplex
  • Ranch Style House
  • Southwestern Architecture
  • Frame With Stucco
  • Shingle Roof
  • Built-Up Roof
  • Masonry

Interior Spaces

  • Shower Only in Secondary Bathroom
  • 3,289 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Combination Dining and Living Room
  • Den
  • Storage
  • Laundry Room
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Home Security

  • Window Bars
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Driveway

Schools

  • Cragin Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Zoned Heating and Cooling
  • Cooling System Mounted In Outer Wall Opening
  • 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

Listing and Financial Details

  • $4,097 special tax assessment

Community Details

Overview

  • Bingham Addition Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Pool
  • Community Spa

Building Details

  • Insurance Expense $458
  • Maintenance Expense $7,540
  • Professional Management Expense $9,000
  • Gross Income $90,000
  • Net Operating Income $63,492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,043

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Ranch, Southwestern
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Apartment Unit Number: 1610
  • Legal Description: BINGHAM LOT 2 BLK 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 258.44
  • Subdivision Restrict C C And Rs: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Skylights, Smoke Detector, Vaulted Ceilings
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile, Wood
  • Gross Sq Ft: 3289.00
  • Bathroom Features: Shower Only/Hall
  • Hall Countertops: Standard
  • Breakfast: Bar
  • Dining Areas: Breakfast Bar, Dining in LR/GR
  • Dining Room: Area
  • Kitchen Features Countertops: Corian
  • Kitchen Features Microwave: Conventional
  • Kitchen Features Oven: Gas/Electric
  • Living Areas: Living Room
  • Laundry: Laundry Room, Storage
  • Extra Room: Den
  • Kitchen Features: Breakfast Bar, Dishwasher, Garbage Disposal, Refrigerator
  • Interior Steps: Yes

Exterior Features

  • Construction: Frame - Stucco, Masonry Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: Block, Wrought Iron
  • Landscape Front: Decorative Gravel, Low Care
  • Landscape Front Other: Turf
  • Landscape Rear: Decorative Gravel
  • Patio Deck: Covered
  • Pool: Community
  • Road Maintenance: City
  • Roof: Built-Up - Reflect, Shingle
  • Spa: Community
  • View: Mountain(s)
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 6

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Ceiling Fan(s), Wall Unit(s), Zoned
  • Main Heating: Natural Gas, Zoned
  • Security: Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

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

Fee Information

  • Expenses Admin Expenses: 375.00
  • Expenses Capital Expenses: 3000.00
  • Expenses Contract Services: 2038.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 7540.00
  • Expenses Taxes Assessments: 4097.00

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.17
  • Lot Dimensions: 50 X 150
  • Lot Features: Adjacent to Alley, Adjacent to Wash, North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 113.33
  • Lot Sq Ft: 7500.00
  • Lot Sz Sold Prc Sq Ft: 106.67
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1930

Rental Info

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

Tax Info

  • Tax Code: 124-09-0030
  • Taxes: 4043.00
  • Tax Year: 2017
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
Mar 8, 2018
Sold by
Reidhead & Peterman Properties Llc
Bought by
Reeve Donald R
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$724,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,392
Avg. Annual Appreciation
-3.83%
Original Mortgage
$520,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 13, 2018
Closed on
Feb 28, 2018
Sold by
Reidhard Jarrett W
Bought by
Reidhard & Peterman Properties Llc
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2015
Sold by
Reidhead & Peterman Properties Llc
Bought by
Reidhead Jarrett W

Purchase Details

Closed on
Jan 5, 2010
Sold by
Reidhead Jarrett and Reidhead Amy
Bought by
Reidhead & Peterman Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,600
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2006
Sold by
Reidhead Jarrett and Peterman Von
Bought by
Reidhead Jarrett and Reidhead Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 19, 2006
Sold by
International Community Houses
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
$240,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 2002
Sold by
Lane Ronald L and Lane June G
Bought by
International Community Houses

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,760
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1999
Sold by
International Community Houses
Bought by
Lane Ronald L and Lane June G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,100
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 1998
Sold by
Lane Ronald L and Lane June
Bought by
International Community Houses
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Reeve Donald R $800,000 Title Security Agency Llc
Reidhard & Peterman Properties Llc -- Title Security Agency Llc
Reidhard & Peterman Properties Llc -- Title Security Agency Llc
Reidhead Jarrett W -- Title Security Agency Llc
Reidhead Jarrett W -- Title Security Agency Llc
Reidhead Jarrett W -- Title Security Agency Llc
Reidhead & Peterman Properties Llc -- Accommodation
Reidhead & Peterman Properties Llc -- Accommodation
Reidhead Jarrett -- First American Title
Reidhead Jarrett -- Title Security Agency Of Az
Peterman Von -- Longt
Reidhead Jarrett -- Longt
Reidhead Jarrett -- Title Security Agency Of Az
Peterman Von -- Longt
Reidhead Jarrett -- Longt
Reidhead Jarrett W $300,000 Longt
Reidhead Jarrett W $300,000 Longt
International Community Houses -- Lawyers Title Of Arizona Inc
Lane Ronald L -- Lawyers Title
Lane Ronald L -- Lawyers Title Of Arizona Inc
International Community Houses -- --
International Community Houses -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeve Donald R $520,000
Previous Owner Reidhead Jarrett $360,600
Previous Owner Reidhead Jarrett W $240,000
Previous Owner Lane Ronald L $51,760
Previous Owner Lane Ronald L $55,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2018 04/10/18 Sold $800,000 0.0% $243 / Sq Ft
03/11/2018 03/11/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $800,000 -- $243 / 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 $4,345 $36,321 -- --
2024 $4,345 $34,592 -- --
2023 $4,345 $32,945 -- --
2022 $4,370 $31,376 $0 $0
2021 $4,345 $28,459 $0 $0
2020 $4,213 $28,459 $0 $0
2019 $4,157 $34,434 $0 $0
2018 $4,066 $24,584 $0 $0
2016 $3,904 $23,413 $0 $0
2015 $3,783 $22,298 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jarrett Reidhead

    Tucson Integrity Realty, LLC

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Map

Source: MLS of Southern Arizona

MLS Number: 21804514

MLS of Southern Arizona

APN: 124-09-0030

Arizona Pima County Tucson 85719 Rincon Heights

1608 E 8th St Unit 1610, Tucson, AZ

This home is located at 1608 E 8th St Unit 1610, Tucson, AZ 85719 since 13 February 2018 and is currently estimated at $724,608, approximately $220 per square foot. This property was built in 1930. 1608 E 8th St Unit 1610 is a home located in Pima County with nearby schools including Sam Hughes Elementary, Mansfeld Middle School, and Tucson High Magnet School.

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