NOT LISTED FOR SALE

3120 N Cherry Ave Tucson, AZ 85719

Hedrick Acres Neighborhood

Estimated Value: $297,503 - $389,000

-- Bed
1 Bath
1,548 Sq Ft
$230/Sq Ft Est. Value

Last Sold November 01, 2013

Last sale price $140,000 $90 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $2,017/month

104 Days on Market

About This Home

As of November 2013

This house with attached guest house has always been rented, and has no deferred maintenance. Excellent location- just two blocks from the Mountain Bike Path, and within walking distance to Campbell Ave shopping. Central AC in the two bedroom unit, and a new mini-split AC unit in the 1 BR guest house. Plenty of secure parking for both tenants in the gated rear yard. Tile flooring throughout, new roof 4/2012. This property is a turn-key investment, with stable tenants and leased through summer 2014. Separate electric meters, landlord pays gas and water. Both units have dual cooling, but evaps have not been used and convey AS-IS. Property is tenant occupied and shown only with at least 48 hours notice. Please do not disturb tenants. Property is in flood zone, insurance is $2400 yr.

Last Agent to Sell the Property

Alexander Chavez

Habitation Realty ERA Powered Listed on: 07/19/2013

Last Buyer's Agent

Marta Harvey

Long Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,476

Year Built

  • Built in 1953

Lot Details

  • 8,407 Sq Ft Lot
  • Lot Dimensions are 66.5 x 127

Home Design

  • 1,548 Sq Ft Home
  • Duplex

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $1,476 special tax assessment

Community Details

Overview

  • Hedrick Acreage Tract No 3 Subdivision

Building Details

  • Fuel Expense $720
  • Insurance Expense $700
  • Maintenance Expense $400
  • Professional Management Expense $1,704
  • Water Sewer Expense $900
  • Gross Income $17,040
  • Net Operating Income $11,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,476

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Legal Description: Hedrick Acreage Tract No 3 N66.5' S226.5' Lot 12 Blk D
  • List Price per Sq Ft: 96.83
  • Unit Info Average Monthly Rent One Bedroom: 535.00
  • Unit Info Average Monthly Rent Two Bedroom: 885.00
  • Unit Info Number Of Units1 B R: 1
  • Unit Info Number Of Units2 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 1548.00

Exterior Features

  • Construction: Concrete Block

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 720.00
  • Expenses Maintenance Supplies: 400.00
  • Expenses Taxes Assessments: 1476.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.19
  • Lot Dimensions: 66.5 x 127
  • Lot Size Price Sq Ft: 17.83
  • Lot Sq Ft: 8407.00
  • Lot Sz Sold Prc Sq Ft: 16.65
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1953

Tax Info

  • Tax Code: 113-07-1320
  • Taxes: 1475.84
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2013
Closed on
Oct 18, 2013
Sold by
Bachman Bonnie J and Peeters Anthony E
Bought by
Harrity Michael M
Seller's Agent
Alexander Chavez
Habitation Realty ERA Powered
Buyer's Agent
Marta Harvey
Long Realty
List Price
$140,000
Sold Price
$140,000
Current Estimated Value
$356,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,126
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Dec 26, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Peeters Anthony E and Bachman Bonnie J

Purchase Details

Closed on
Jan 11, 2008
Sold by
Gonzales Frank A
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
May 8, 2006
Sold by
Kahn Benjamin S
Bought by
Gonzalez Frank A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,840
Interest Rate
9.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2006
Sold by
Gonzales Cherie
Bought by
Gonzalez Frank A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,840
Interest Rate
9.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 1, 2005
Sold by
Kahn Michele S
Bought by
Kahn Benjamin S

Purchase Details

Closed on
May 2, 1994
Sold by
Zahn Timothy L
Bought by
Kahn Michele S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.84%
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
Harrity Michael M $140,000 First American Title Ins Co
Peeters Anthony E $130,000 Tfnti
Deutsche Bank National Trust Co $174,311 Tfnti
Gonzalez Frank A $209,800 Title Security Agency Of Az
Gonzalez Frank A $209,800 Title Security Agency Of Az
Gonzales Frank A -- Accommodation
Gonzalez Frank A -- Catal
Kahn Benjamin S -- --
Kahn Michele S $75,000 Title Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peeters Anthony E $120,000
Previous Owner Gonzalez Frank A $167,840
Previous Owner Kahn Benjamin S $35,000
Previous Owner Kahn Benjamin S $30,000
Previous Owner Kahn Michele S $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2013 11/01/13 Sold $140,000 0.0% $90 / Sq Ft
10/02/2013 10/02/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $140,000 -- $90 / 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 $1,626 $13,719 -- --
2024 $1,577 $13,066 -- --
2023 $1,577 $12,443 $0 $0
2022 $1,561 $11,851 $0 $0
2021 $1,528 $10,749 $0 $0
2020 $1,519 $13,471 $0 $0
2019 $1,480 $13,460 $0 $0
2018 $1,432 $9,285 $0 $0
2017 $1,407 $9,285 $0 $0
2016 $1,346 $8,843 $0 $0
2015 $1,288 $8,422 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Alexander Chavez

    Habitation Realty ERA Powered

    (520) 647-9503

    27 Total Sales

    Alexander Chavez
    Section Image

  • M

    Buyer's Agent in 2013

    Marta Harvey

    Long Realty

  • t

    Buyer's Agent in 2013

    tar.rets.11916

    tar.rets.RETS_OFFICE

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Map

Source: MLS of Southern Arizona

MLS Number: 21319326

MLS of Southern Arizona

APN: 113-07-1320

Arizona Pima County Tucson 85719 Hedrick Acres

3120 N Cherry Ave, Tucson, AZ

This home is located at 3120 N Cherry Ave, Tucson, AZ 85719 since 19 July 2013 and is currently estimated at $356,126, approximately $230 per square foot. This property was built in 1953. 3120 N Cherry Ave is a home located in Pima County with nearby schools including Frances Owen Holaway Elementary School, Amphitheater Middle School, and Amphitheater High School.

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