NOT LISTED FOR SALE

1648 E 7th St Tucson, AZ 85719

Rincon Heights Neighborhood

Estimated Value: $504,220 - $678,000

-- Bed
2 Baths
2,028 Sq Ft
$305/Sq Ft Est. Value

Last Sold May 16, 2016

Last sale price $365,000 $180 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,636/month

11 Days on Market

About This Home

As of May 2016

Location, Location, Location! Terrific 8% Cap duplex next to the UofA. Home has always been rented & was recently renovated. Main house offers wood floors, remodeled kitchen 2 beds/1 bath & laundry room, NEW AC '13. Kitchen has granite counters, new cabinets & built-in dining area. Bathroom has original cast iron free standing tub/shower. 3 Parking spots for main house in front. Main house has a fully furnished studio w/kitchen & A3/4 bathroom, NEW ductless AC '13 system & private entrance. Guest house in back was built in 1997 & offers 2 parking spots & washer & dryer. Guest house has living area, dining area, laundry, 2 beds/1 bath & AC! All appliances in each unit convey. Exterior recently repainted. Each unit is in great condition. Plenty of off street parking for tenants.

Last Agent to Sell the Property

John Billings

Long Realty Listed on: 04/15/2016

Long Realty

Last Buyer's Agent

Denice Osbourne

Long Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,516

Year Built

  • Built in 1930

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • 2,028 Sq Ft Home
  • Duplex

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $3,516 special tax assessment

Community Details

Overview

  • Rincon Heights Subdivision

Building Details

  • Insurance Expense $910
  • Water Sewer Expense $700
  • Gross Income $34,920
  • Net Operating Income $29,794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,516

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Legal Description: Rincon Heights Lots 14 & 15 Blk 16
  • List Price per Sq Ft: 179.98
  • Unit Info Average Monthly Rent Two Bedroom: 990.00
  • Unit Info Average Monthly Rent Three Bedroom: 1920.00
  • Unit Info Number Of Units2 B R: 1
  • Unit Info Number Of Units3 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 2028.00

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Elec Meter: Yes
  • Miscellaneous Master Gas Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 3516.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.15
  • Lot Dimensions: Irregular
  • Lot Size Price Sq Ft: 55.86
  • Lot Sq Ft: 6534.00
  • Lot Sz Sold Prc Sq Ft: 55.86
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1930

Tax Info

  • Tax Code: 124-03-2290
  • Taxes: 3516.00
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2016
Closed on
May 11, 2016
Sold by
Malone Jeffrey Louis
Bought by
Branding Iron Property Development Llc
Seller's Agent
John Billings
Long Realty
Buyer's Agent
Denice Osbourne
Long Realty Company
List Price
$365,000
Sold Price
$365,000
Current Estimated Value
$618,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,055
Avg. Annual Appreciation
5.68%
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
Branding Iron Property Development Llc $365,000 Fidelity Natl Title Agency I
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2016 05/16/16 Sold $365,000 0.0% $180 / Sq Ft
04/16/2016 04/16/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $365,000 -- $180 / 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 $4,466 $33,762 -- --
2024 $4,042 $32,155 -- --
2023 $4,042 $30,623 $0 $0
2022 $4,062 $29,165 $0 $0
2021 $4,039 $26,454 $0 $0
2020 $3,916 $26,454 $0 $0
2019 $3,864 $29,457 $0 $0
2018 $3,780 $22,852 $0 $0
2017 $3,758 $22,852 $0 $0
2016 $3,629 $21,763 $0 $0
2015 $3,517 $20,727 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Billings

    Seller's Agent in 2016

    John Billings

    Long Realty

    (520) 247-4459

    2 in this area

    258 Total Sales

    John Billings
    Section Image

  • D

    Buyer's Agent in 2016

    Denice Osbourne

    Long Realty Company

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21610917

MLS of Southern Arizona

APN: 124-03-2290

Arizona Pima County Tucson 85719 Rincon Heights

1648 E 7th St, Tucson, AZ

Not Listed for Sale

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