NOT LISTED FOR SALE

Estimated Value: $342,040 - $518,000

-- Bed
-- Bath
2,227 Sq Ft
$187/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $205,000 $92 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,393/month

66 Days on Market

About This Home

As of February 2017

This central Tucson gem is a unique opportunity to own a wonderful income property just 1.5 miles of the U of A. Property consists of four separate units on the same corner lot. 2500 is a 2 bed/1 bath. 2502 is a studio. 2504 & 2506 are both 1 bed/1 bath. There is a gated coin operated laundry room on site. All units are separately metered for gas & electric. Water is not & is currently paid by the owner.

Last Agent to Sell the Property

Eduardo Garcia

Grijalva Realty Corp. Listed on: 11/22/2016

Co-Listed By

Laura Grijalva

Grijalva Realty Corp.

Last Buyer's Agent

Eduardo Garcia

Grijalva Realty Corp. Listed on: 11/22/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,453

Year Built

  • Built in 1942

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • 2,227 Sq Ft Home

Utilities

  • Central Air
  • Evaporated cooling system
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • $2,453 special tax assessment

Community Details

Overview

  • New Deal Acres Subdivision

Building Details

  • Professional Management Expense $1,963
  • Water Sewer Expense $2,400
  • Gross Income $24,090
  • Net Operating Income $17,274

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,453

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Legal Description: From Parcel:001010010 /New Deal Acres W105' Lot 4 Blk 10
  • List Price per Sq Ft: 98.79
  • Unit Info Average Monthly Rent One Bedroom: 450.00
  • Unit Info Average Monthly Rent Two Bedroom: 695.00
  • Unit Info Average Monthly Rent Studios: 450.00
  • Unit Info Number Of Units1 B R: 2
  • Unit Info Number Of Units2 B R: 1
  • Unit Info Number Of Units Studios: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 2227.00

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling, Wall Unit(s)
  • Main Heating: Wall
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 2453.18

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.24
  • Lot Dimensions: Unknown
  • Lot Size Price Sq Ft: 21.04
  • Lot Sq Ft: 10454.00
  • Lot Sz Sold Prc Sq Ft: 19.61
  • Municipality Zoning: Tucson - R1

Building Info

  • Year Built: 1942

Tax Info

  • Tax Code: 123-02-1920
  • Taxes: 2453.18
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2016
Closed on
Feb 6, 2017
Sold by
Hodesh Properties Llc
Bought by
Hsu Eleana and Hsu Nana
Seller's Agent
Eduardo Garcia
Grijalva Realty Corp.
Buyer's Agent
Eduardo Garcia
Grijalva Realty Corp.
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$415,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,347
Avg. Annual Appreciation
8.26%
Original Mortgage
$153,750
Outstanding Balance
$127,724
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$287,623

Purchase Details

Closed on
Nov 19, 2014
Sold by
Hansen Mark E and Hansen Kathleen
Bought by
Hodesh 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
$120,000
Interest Rate
4.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 24, 2001
Sold by
Hansen Mark E
Bought by
Hansen Mark E and Hansen Kathleen
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
Hsu Eleana $205,000 Catalina Title Agency
Hsu Eleana $205,000 Catalina Title Agency
Hodesh Properties Llc $150,000 Mta
Hodesh Properties Llc $150,000 Mta
Hansen Mark E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hsu Eleana $153,750
Closed Hsu Eleana $153,750
Previous Owner Hodesh Properties Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2017 02/10/17 Sold $205,000 0.0% $92 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
11/22/2016 11/22/16 For Sale $205,000 -- $92 / 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 $2,688 $20,320 -- --
2024 $2,436 $19,353 -- --
2023 $2,436 $18,473 -- --
2022 $2,450 $17,593 $0 $0
2021 $2,436 $15,959 $0 $0
2020 $2,362 $17,148 $0 $0
2019 $2,331 $17,593 $0 $0
2018 $2,280 $14,476 $0 $0
2017 $2,381 $14,476 $0 $0
2016 $2,453 $14,476 $0 $0
2015 $2,456 $14,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21631021

MLS of Southern Arizona

APN: 123-02-1920