NOT LISTED FOR SALE

Estimated Value: $231,000 - $333,395

4 Beds
2 Baths
1,680 Sq Ft
$179/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $300,000 $179 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,943/month

26 Days on Market

Highlights

  • RV Parking in Community
  • Vaulted Ceiling
  • Covered Patio or Porch
  • Mountain View
  • Ranch Style House
  • Breakfast Area or Nook

About This Home

As of April 2023

Welcome to this charming duplex adjacent to Tucson's Palo Verde neighborhood! This property features two spacious 840 sqft units, each with two bedrooms and one bathroom. Each unit has a large private backyard with a block wall. One unit is available for showing the other is leased through 8/23.This duplex is ideally situated in a prime location, just minutes from the University of Arizona, downtown Tucson, and all the shopping, dining, and entertainment that the city has to offer. With its unbeatable location and fantastic layout, this property is an excellent investment opportunity for a cash-flowing property or for someone looking to live in one unit and rent out the other!

Last Agent to Sell the Property

John Bellas

RE/MAX Signature Listed on: 03/16/2023

Last Buyer's Agent

Rebecca Crane Ortiz

Keller Williams Southern Arizona

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,824

Year Built

  • Built in 1959

Lot Details

  • 9,017 Sq Ft Lot
  • East or West Exposure
  • Block Wall Fence

Home Design

  • Duplex
  • Ranch Style House
  • Built-Up Roof

Interior Spaces

  • Bathtub with Shower
  • 1,680 Sq Ft Home
  • Beamed Ceilings
  • Vaulted Ceiling
  • Window Treatments
  • Combination Dining and Living Room
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Gas Range

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch
  • Shed

Location

  • Ground Level

Schools

  • Wright Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • $1,824 special tax assessment

Community Details

Overview

  • Speedway Park Addition Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Amenities

  • No Laundry Facilities

Building Details

  • Water Sewer Expense $150
  • Gross Income $950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,824

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Ranch
  • Technology: High Speed Internet
  • Accessibility Options: None
  • Legal Description: Speedway Park E120' S75' Lots 7 & 8 Blk 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 178.57
  • Subdivision Restrict C C And Rs: No
  • Unit Info Average Monthly Rent Two Bedroom: 950.00
  • Unit Info Number Of Units2 B R: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Exposed Beams, Smoke Detector, Vaulted Ceilings
  • Window Coverings: Some
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 1680.00
  • Bathroom Features: Shower & Tub/Primary
  • Breakfast: Area
  • Dining Areas: Dining in LR/GR
  • Dining Room: None
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room: None
  • Kitchen Features: Double Sink, Gas Range, Refrigerator
  • Interior Steps: Yes

Exterior Features

  • Construction: Concrete Block
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Block
  • Landscape Front: Decorative Gravel
  • Landscape Rear: None
  • Patio Deck: Covered, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: Mountain(s), Residential
  • Exterior Feature: Shed

Garage/Parking

  • Rv Parking: Space Available
  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Evaporative Cooling
  • Main Heating: Natural Gas
  • 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: Actual
  • Expenses Taxes Assessments: 1824.00

Schools

  • School District: TUSD
  • Elementary School: Wright
  • Middle School: Doolen
  • High School: Catalina

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.21
  • Lot Dimensions: irregular
  • Lot Features: East/West Exposure, Subdivided
  • Lot Size Price Sq Ft: 33.27
  • Lot Sq Ft: 9017.00
  • Lot Sz Sold Prc Sq Ft: 33.27
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1959

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: 122-18-030B
  • Taxes: 1824.14
  • Tax Year: 2022
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Doolen
  • Elementary School: Wright
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2024
Sold by
Winstel Layne Llc
Bought by
Fornstrom Reganne
Current Estimated Value
$329,001

Purchase Details

Listed on
Mar 16, 2023
Closed on
May 4, 2023
Sold by
Fornstrom Reganne
Bought by
Winstel Layne Llc
Seller's Agent
John Bellas
RE/MAX Signature
Buyer's Agent
Rebecca Crane Ortiz
Keller Williams Southern Arizona
List Price
$300,000
Sold Price
$300,000
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Original Mortgage
$294,566
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 16, 2023
Closed on
Apr 19, 2023
Sold by
Terence James Nelson Revocable Living Tr
Bought by
Fornstrom Reganne
Seller's Agent
John Bellas
RE/MAX Signature
Buyer's Agent
Rebecca Crane Ortiz
Keller Williams Southern Arizona
List Price
$300,000
Sold Price
$300,000
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2007
Sold by
Nelson Terence J
Bought by
Nelson Terence James

Purchase Details

Closed on
Jun 30, 2005
Sold by
Buskirk Michael Douglas and Van Buskirk Michael D
Bought by
Nelson Terence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.51%
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
Fornstrom Reganne -- None Listed On Document
Winstel Layne Llc -- None Listed On Document
Fornstrom Reganne $300,000 Signature Title Agency
Nelson Terence James -- None Available
Nelson Terence J $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fornstrom Reganne $294,566
Previous Owner Nelson Terence J $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $300,000 0.0% $179 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $300,000 0.0% $179 / Sq Ft
05/15/2013 05/15/13 Rented $600 0.0% --
04/15/2013 04/15/13 Under Contract -- -- --
03/08/2013 03/08/13 For Rent $600 -- --
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 $1,814 $14,439 -- --
2023 $1,814 $13,752 -- --
2022 $1,824 $13,097 $0 $0
2021 $1,814 $11,879 $0 $0
2020 $1,758 $13,596 $0 $0
2019 $1,735 $12,877 $0 $0
2018 $1,697 $10,262 $0 $0
2016 $1,649 $9,773 $0 $0
2015 $1,599 $9,308 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22305855

MLS of Southern Arizona

APN: 122-18-030B