NOT LISTED FOR SALE

1616 E Hedrick Dr Tucson, AZ 85719

Hedrick Acres Neighborhood

Estimated Value: $351,000 - $632,000

6 Beds
4 Baths
2,858 Sq Ft
$192/Sq Ft Est. Value

Last Sold October 23, 2024

Last sale price $617,000 $216 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,928/month

38 Days on Market

Highlights

  • 0.14 Acre Lot
  • Modern Architecture
  • Den
  • Vaulted Ceiling
  • Great Room
  • Stainless Steel Appliances

About This Home

As of October 2024

Opportunity to acquire a brand new asset in University North Central. Great logistical location off the Campbell corridor near UofA, Banner Hospital, and dozens of restaurants with the crowd pleaser being the new Flower Child and Doughbird right around the corner. Each unit has 3 beds and 2 baths, tall ceilings, window walls and 1429 sqft (2858sqft per duplex). The laundry is in the unit and each unit also has separate fenced yards. Large kitchens with oversized islands and an abundance of cabinets. Spacious rooms and bathrooms with large showers. Tile throughout. Lots of options. Please inquire with any questions. Also a total of three duplexes available together for $1,899,900 on separate MLS listing.

Last Agent to Sell the Property

Alan Murdock

Realty Executives Arizona Territory Listed on: 09/13/2024

Realty Executives Arizona Territory

Co-Listed By

Michael Rhodes

Realty Executives Arizona Territory License #SA569783000

Last Buyer's Agent

Darla Johnson

Long Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,059

Year Built

  • Built in 2024

Lot Details

  • 6,143 Sq Ft Lot
  • Lot Dimensions are 42.29' x 145.15' x 42.36 ' x 145.12'
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Back Yard

Home Design

  • Duplex
  • Modern Architecture
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • 2,858 Sq Ft Home
  • 1-Story Property
  • Shelving
  • Vaulted Ceiling
  • Ceiling Fan
  • Great Room
  • Family Room Off Kitchen
  • Dining Room
  • Den
  • Ceramic Tile Flooring
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Holaway Elementary School
  • Amphitheater Middle School
  • Amphitheater High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Slab Porch or Patio
  • Ground Level

Listing and Financial Details

  • $1,059 special tax assessment

Community Details

Overview

  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $650
  • Gross Income $4,200
  • Net Operating Income $2,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,059

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Modern
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: 1620 E HEDRICK SQ20211440627 LOT 2
  • Attached Detached: Attached
  • List Price per Sq Ft: 227.40
  • Subdivision Restrict C C And Rs: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Plant Shelves, Vaulted Ceilings, Walk In Closets
  • Window Coverings: None
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 2858.00
  • Bathroom Features: Dual Sinks/Primary, Shower Only/Primary
  • Breakfast: Bar, Eat-In
  • Dining Areas: Breakfast Bar, Eat-In Kitchen
  • Dining Room: Area
  • Kitchen Features Appliance Color: Stainless
  • Kitchen Features Microwave: over range
  • Living Areas: Great Room, Off Kitchen
  • Laundry: Laundry Closet
  • Extra Room: Den
  • Kitchen Features: Dishwasher, Electric Range, Island, Refrigerator

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • Driveway Paved: Asphalt
  • F E M A Flood Zone: No
  • Fence: Block
  • Landscape Front: Decorative Gravel, Low Care
  • Landscape Rear: Decorative Gravel, Low Care
  • Patio Deck: Slab
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: Residential
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: None
  • Main Cooling: Ceiling Fan(s), 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: Paved Street, Sidewalks

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 1059.31

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.14
  • Lot Dimensions: 42.29' x 145.15' x 42.36 ' x 145.12'
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 105.80
  • Lot Sq Ft: 6143.00
  • Lot Sz Sold Prc Sq Ft: 100.44
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 2024

Rental Info

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

Tax Info

  • Tax Code: 113-07-7440
  • Taxes: 1059.31
  • Tax Year: 2024
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Amphitheater
  • Elementary School: Holaway
  • High School: Amphitheater
  • School District: Amphitheater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Oct 22, 2024
Sold by
Rami Investments Llc and Rami Investment Group Llc
Bought by
Reddy Sireesh V and Eravelli Shruti
Seller's Agent
Alan Murdock
Realty Executives Arizona Territory
Buyer's Agent
Darla Johnson
Long Realty
List Price
$649,900
Sold Price
$617,000
Premium/Discount to List
-$32,900
-5.06%
Views
35
Current Estimated Value
$548,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,964
Avg. Annual Appreciation
-9.79%
Original Mortgage
$462,750
Outstanding Balance
$456,726
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$91,310

Purchase Details

Closed on
Mar 4, 2024
Sold by
Clear Value Commercial Llc
Bought by
Bdb Capital Llc

Purchase Details

Closed on
Mar 1, 2024
Sold by
Clear Value Commercial Llc
Bought by
Bdb Capital Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reddy Sireesh V $617,000 Fidelity National Title Agency
Bdb Capital Llc $360,000 Fidelity National Title Agency
Bdb Capital Llc $360,000 Fidelity National Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Sireesh V $462,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2024 10/23/24 Sold $617,000 -5.1% $216 / Sq Ft
10/23/2024 10/23/24 Off Market $649,900 -- --
10/21/2024 10/21/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $649,900 -- $227 / 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 $668 $8,937 -- --
2024 -- $8,511 -- --
2023 -- $8,106 -- --
2022 $1,017 $7,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Alan Murdock

    Realty Executives Arizona Territory

    (520) 906-9202

    3 in this area

    24 Total Sales

    Alan Murdock
    Section Image
  • Michael Rhodes

    Seller Co-Listing Agent in 2024

    Michael Rhodes

    Realty Executives Arizona Territory

    (520) 867-4848

    8 in this area

    1,610 Total Sales

    Michael Rhodes
    Section Image

  • D

    Buyer's Agent in 2024

    Darla Johnson

    Long Realty

  • T

    Buyer Co-Listing Agent in 2024

    Thomas Russo

    CENTURY 21 D-M Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22422755

MLS of Southern Arizona

APN: 113-07-7440

Arizona Pima County Tucson 85719 Hedrick Acres

1616 E Hedrick Dr, Tucson, AZ

Not Listed for Sale

MultiFamily

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