NOT LISTED FOR SALE

3311 E Water St Tucson, AZ 85716

Doolen-Fruitvale Neighborhood

Estimated Value: $255,740 - $342,000

1 Bed
2 Baths
1,235 Sq Ft
$235/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $192,000 $155 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,758/month

33 Days on Market

Highlights

  • Den
  • Living Room
  • Bungalow
  • Eat-In Kitchen
  • Laundry Room
  • Ceramic Tile Flooring

About This Home

As of October 2021

DO NOT DISTURB TENANTS, Drive by only, No sign on property.Must be purchased with contiguous parcels (111-07-047 A&C) MLS 22122937 & 22122939 Amazing opportunity to own total of 6 units for $610,000 This property has been lovingly maintained by an attentive owner and excellent property management. 5 units are 1 bed/1 bath and there is one studio. All but one lease are month to month making it simple to raise rents which are currently VERY low. 3 of the 1 bedrooms have dens that could easily convert to second bedrooms. Close to UofA, Banner, TMC, this is a MONEY MAKER! Easy to rent out, plenty of parking including 2 garages (2car and 3car) plus room for at least 4 uncovered off street parking spots. Laundry rooms on property. Indoor hookups in 2 of the units!!!

Last Agent to Sell the Property

Caroline Hansen

Engel & Völkers Tucson Listed on: 09/05/2021

Last Buyer's Agent

Johanna Haygood

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,609

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 63x101
  • East or West Exposure
  • Shrub
  • Back and Front Yard

Home Design

  • Duplex
  • Bungalow
  • Frame Construction
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,235 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Den
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Car Garage
  • Driveway

Location

  • Ground Level

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • $1,659 special tax assessment

Community Details

Overview

  • Fruitvale Addition Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Insurance Expense $500
  • Professional Management Expense $1,470
  • Water Sewer Expense $955
  • Gross Income $15,900
  • Net Operating Income $11,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,609

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Bungalow
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: Fruitvale N2 S2/3 W2 Lot 4 Blk 3
  • Attached Detached: Attached
  • List Price per Sq Ft: 165.99
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent One Bedroom: 725.00
  • Unit Info Average Monthly Rent Studios: 500.00
  • Unit Info Number Of Units1 B R: 1
  • Unit Info Number Of Units Studios: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 1235.00
  • Bathroom Features: None
  • Breakfast: None
  • Dining Areas: Eat-In Kitchen
  • Dining Room: None
  • Living Areas: Living Room
  • Laundry: Laundry Room, Outside
  • Extra Room: Den
  • Kitchen Features: Electric Range
  • Interior Steps: No

Exterior Features

  • Construction: Frame
  • Construction Siding: Yes
  • Construction Status: Existing
  • Driveway Paved: Concrete
  • F E M A Flood Zone: No
  • Fence Other: Metal
  • Landscape Front: Low Care, Shrubs
  • Landscape Rear: Low Care
  • Patio Deck Other: Outdoor area
  • Pool: None
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: tep
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Wall Unit(s)
  • Main Heating: Baseboard
  • 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: 1659.00

Schools

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

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.14
  • Lot Dimensions: 63x101
  • Lot Features: East/West Exposure
  • Lot Size Price Sq Ft: 33.62
  • Lot Sq Ft: 6098.00
  • Lot Sz Sold Prc Sq Ft: 31.49
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1947

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Owner
  • Utilities Paid Insurance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 111-07-047C
  • Taxes: 1609.31
  • Tax Year: 2020
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2022
Sold by
Josephine Papaleo
Bought by
Jj Papaleo Properties Llc
Total Days on Market
33
Current Estimated Value
$289,685

Purchase Details

Listed on
Sep 5, 2021
Closed on
Oct 14, 2021
Sold by
Walters Peter Russell
Bought by
Papaleo Josephine
Seller's Agent
Caroline Hansen
Engel & Völkers Tucson
Buyer's Agent
Johanna Haygood
West USA Realty
List Price
$192,000
Sold Price
$192,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.89%
Original Mortgage
$100,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2003
Sold by
Walters Peter Russell
Bought by
Walters Peter Russell
Source: Public Records

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Range of Values:

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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
Jj Papaleo Properties Llc -- Jj Papaleo Properties Llc
Papaleo Josephine $192,000 Title Security Agency Llc
Papaleo Josephine $192,000 Title Security Agency Llc
Walters Peter Russell -- --
Walters Peter Russell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Papaleo Josephine $100,000
Previous Owner Walters Peter Russell $108,000
Previous Owner Walters Peter Russell $35,000
Previous Owner Walters Peter Russell $105,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $192,000 0.0% $155 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $192,000 -- $155 / 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
2024 $1,661 $13,215 -- --
2023 $1,669 $12,586 $0 $0
2022 $1,669 $11,986 $0 $0
2021 $1,660 $10,872 $0 $0
2020 $1,609 $10,872 $0 $0
2019 $1,588 $11,681 $0 $0
2018 $1,553 $9,391 $0 $0
2017 $1,545 $9,391 $0 $0
2016 $1,491 $8,944 $0 $0
2015 $1,445 $8,518 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Caroline Hansen

    Engel & Völkers Tucson

  • J

    Buyer's Agent in 2021

    Johanna Haygood

    West USA Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22122938

MLS of Southern Arizona

APN: 111-07-047C

Arizona Pima County Tucson 85716 Doolen-Fruitvale

3311 E Water St, Tucson, AZ

This home is located at 3311 E Water St, Tucson, AZ 85716 since 05 September 2021 and is currently estimated at $289,685, approximately $234 per square foot. This property was built in 1947. 3311 E Water St is a home located in Pima County with nearby schools including Blenman Elementary School, Doolen Middle School, and Catalina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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