NOT LISTED FOR SALE

Estimated Value: $471,000 - $613,000

3 Beds
2 Baths
1,584 Sq Ft
$333/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $535,000 $338 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,953/month

18 Days on Market

Highlights

  • Wood Flooring
  • Heat Pump System
  • 2-minute walk to LA Madera Park
  • Central Air

About This Home

As of August 2024

This extraordinary duplex property is located in the sought after La Madera Park Subdivision just a few steps to the park. Meticulously maintained with no deferred maintenance. Owner occupied, a true pride of ownership property. Unique old world brick architecture with lush desert landscaping, private outdoor spaces and covered parking, The front 2/1 unit has been refurbished with a beautiful designer kitchen, polished concrete floors with beautiful finishes throughout. The rear 1/1 unit is an open floor plan with high vaulted ceilings, designer kitchen, unique and beautiful finishes and includes a loft. If you are looking for a beautiful and unique living space to occupy or luxury rentals as an investment this property has it all. The property will convey with both units vacant.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 04/29/2024

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lynne Rivera

Better Homes & Gardens Real Estate SJ Fowler License #SA671102000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,558

Year Built

  • Built in 1948

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Legal Lot and Block 00029 / 001
  • Assessor Parcel Number 112-04-030

Community Details

Overview

  • 2 Units
  • Building Dimensions are 85' x 137'
  • La Madera Subdivision

Building Details

  • Operating Expense $5,058
  • Gross Income $37,620
  • Net Operating Income $32,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,558

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: Tucson Blvd & Glenn St
  • Legal Info Range: 14
  • Property Type: Multiple Dwellings
  • Zoning: Tucson - R1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: LA MADERA
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Wood, Concrete
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Tucson Unified District

Lot Info

  • Lot Size: 85' x 137'
  • Additional Parcels: No
  • Parcel #: 112-04-030

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 2
  • Annual Gross Income: 37620.0
  • Insurance Expense: 1100.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 32563.0
  • Annual Operating Expense: 5057.56
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1557.56
  • Tax Block: 001
  • Tax Book Number: 112.00
  • Tax Lot: 00029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Jul 30, 2024
Sold by
Lesley Potts Living Trust and Potts Lesley
Bought by
Wiest Raelynne and Elson Violet
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$545,000
Sold Price
$535,000
Premium/Discount to List
-$10,000
-1.83%
Views
69
Current Estimated Value
$527,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,947
Avg. Annual Appreciation
-1.06%
Original Mortgage
$454,750
Outstanding Balance
$448,778
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$78,275

Purchase Details

Listed on
Apr 29, 2024
Closed on
Jul 29, 2024
Sold by
Lesley Potts Living Trust and Potts Lesley
Bought by
Wiest Raelynne and Elson Violet
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$545,000
Sold Price
$535,000
Premium/Discount to List
-$10,000
-1.83%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,750
Outstanding Balance
$448,778
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$78,275

Purchase Details

Closed on
Dec 25, 2023
Sold by
Potts Lesley Tauber
Bought by
Lesley Potts Living Trust and Potts

Purchase Details

Closed on
Jul 23, 2003
Sold by
Tauber Nathan
Bought by
Potts Lesley Tauber
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wiest Raelynne $535,000 First American Title Insurance
Wiest Raelynne $535,000 First American Title Insurance
Lesley Potts Living Trust -- Final Title Support
Potts Lesley Tauber -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiest Raelynne $454,750
Closed Wiest Raelynne $454,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2024 08/01/24 Sold $535,000 -1.8% $338 / Sq Ft
05/29/2024 05/29/24 For Sale $545,000 -- $344 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,298 $19,697 -- --
2024 $1,676 $18,759 -- --
2023 $1,558 $17,866 $0 $0
2022 $2,078 $17,015 $0 $0
2021 $2,086 $15,433 $0 $0
2020 $2,002 $19,144 $0 $0
2019 $1,944 $17,833 $0 $0
2018 $1,855 $25,197 $0 $0
2017 $1,858 $25,197 $0 $0
2016 $4,125 $24,739 $0 $0
2015 $1,929 $14,135 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6711628

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-04-0300