NOT LISTED FOR SALE

3408 E Lee St Tucson, AZ 85716

Palo Verde Neighborhood

Estimated Value: $283,638 - $398,000

2 Beds
2 Baths
1,422 Sq Ft
$245/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $350,000 $246 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,954/month

31 Days on Market

Highlights

  • Deck
  • Furnished
  • Beamed Ceilings
  • Terracotta or Satillo Flooring
  • Water Fountains
  • Stainless Steel Appliances

About This Home

As of February 2024

Charming Duplex Investment Opportunity in prime Central location! With two separate units, you can maximize your investment potential by renting one unit while living in the other, or rent both for a steady stream of rental income. This duplex is a fantastic opportunity for investors or those seeking a flexible housing arrangement. Unit 3408 has been rented on Furnished Finder consistently with no vacancies since January for $2k/mo. Room for a casita in back. Lush, mature landscaping. Fresh paint in Unit 3410. Property is being sold AS IS. Preliminary home, roof, and sewer line inspections have been done. Don't miss out on this versatile property - schedule a viewing today!

Last Agent to Sell the Property

Tresta Anderson

Tucson's Choice Property Management & Real Estate Group LLC License #SA682501000 Listed on: 12/28/2023

Last Buyer's Agent

Erick Quintero

Tierra Antigua Realty License #SA665869000

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,337

Year Built

  • Built in 1948

Lot Details

  • 8,250 Sq Ft Lot
  • Lot Dimensions are 59 x 137 x 62 x 136
  • Wood Fence
  • Block Wall Fence
  • Desert Landscape
  • Shrub
  • Landscaped with Trees

Home Design

  • Duplex
  • Bungalow
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,422 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Beamed Ceilings
  • Window Treatments
  • Living Room
  • Dining Room
  • Storage

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Stainless Steel Appliances

Flooring

  • Terracotta
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 392 Parking Spaces
  • Parking Pad
  • On-Street Parking

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Deck
  • Patio
  • Water Fountains

Location

  • Ground Level
  • Flood Zone Lot

Schools

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

Utilities

  • Evaporated cooling system
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • $1,337 special tax assessment

Community Details

Overview

  • Morning View Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Fuel Expense $300
  • Insurance Expense $1,420
  • Water Sewer Expense $228
  • Gross Income $3,800
  • Net Operating Income $515

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,337

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Bungalow
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: MORNING VIEW TRACTS E2 N2 LOT 6 BLK 9
  • Attached Detached: Attached
  • List Price per Sq Ft: 246.13
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Average Monthly Rent One Bedroom: 2000.00
  • Unit Info Number Of Units1 B R: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Exposed Beams, Walk In Closets
  • Window Coverings: Some
  • Floor Covering: Ceramic Tile, Mexican Tile
  • Gross Sq Ft: 1422.00
  • Bathroom Features: Shower Only/Primary
  • Breakfast: Bar
  • Dining Areas: Breakfast Bar, Eat-In Kitchen
  • Dining Room: Area
  • Kitchen Features Appliance Color: Stainless
  • Living Areas: Living Room
  • Laundry: Dryer Included, Outside, Storage, Washer Included
  • Extra Room: None
  • Kitchen Features: Breakfast Bar, Gas Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Concrete Block
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Block, Wood
  • Landscape Front: Desert Plantings, Shrubs, Trees
  • Landscape Rear: Desert Plantings, Shrubs, Trees
  • Patio Deck: Deck, Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up
  • Spa: None
  • View: None
  • Exterior Feature: Fountain, None

Garage/Parking

  • Driveway: Car(s) Pad
  • Total Parking: 392

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Evaporative Cooling, Wall Unit(s), Window Unit(s)
  • Main Heating: Forced Air, Natural Gas, Wall, Zoned
  • Security Other: Security Doors
  • 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: Proforma
  • Expenses Gas Electric: 300.00
  • Expenses Taxes Assessments: 1336.76

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.19
  • Lot Dimensions: 59 x 137 x 62 x 136
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 42.42
  • Lot Sq Ft: 8250.00
  • Lot Sz Sold Prc Sq Ft: 42.42
  • Municipality Zoning: Tucson - R1
  • Municipal Flood Zone: Yes

Building Info

  • Year Built: 1948

Rental Info

  • Utilities Paid Cable TV: Owner
  • Utilities Paid Electric: Owner
  • Utilities Paid Gas: Owner
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Pool Spa Maintenance: Owner
  • Utilities Paid Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 122-17-1300
  • Taxes: 1336.76
  • Tax Year: 2023
  • 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

Listed on
Dec 28, 2023
Closed on
Feb 1, 2024
Sold by
Thress Ryan Joseph
Bought by
Mills Austin Wayne and Gonzalez Carlos Brandon
Seller's Agent
Tresta Anderson
Tucson's Choice Property Management & Real Estate Group LLC
Buyer's Agent
Erick Quintero
Tierra Antigua Realty
List Price
$350,000
Sold Price
$350,000
Views
17
Current Estimated Value
$347,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,090
Avg. Annual Appreciation
-0.32%
Original Mortgage
$315,000
Outstanding Balance
$308,813
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$39,097

Purchase Details

Listed on
Dec 28, 2023
Closed on
Jan 29, 2024
Sold by
Thress Ryan Joseph
Bought by
Mills Austin Wayne and Gonzalez Carlos Brandon
Seller's Agent
Tresta Anderson
Tucson's Choice Property Management & Real Estate Group LLC
Buyer's Agent
Erick Quintero
Tierra Antigua Realty
List Price
$350,000
Sold Price
$350,000
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$308,813
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$39,097

Purchase Details

Closed on
Jun 16, 2017
Sold by
Concagh Landon
Bought by
Thress Ryan Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2016
Closed on
Feb 23, 2016
Sold by
Fannie Mae
Bought by
Concagh Landon
Seller's Agent
Valerie Estrada
Douglas Realty
Buyer's Agent
Bridgett Baldwin
Real Living Premier Partners
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.48%
Original Mortgage
$71,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2016
Closed on
Jan 6, 2016
Sold by
Mcdonald Berger Catherine S
Bought by
Federal National Mortgage Association
Seller's Agent
Valerie Estrada
Douglas Realty
Buyer's Agent
Bridgett Baldwin
Real Living Premier Partners
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2007
Sold by
Sweeney Robert J and Sweeney Karen C
Bought by
Mcdonald Berger Catherine S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mills Austin Wayne $350,000 Stewart Title & Trust Of Tucso
Mills Austin Wayne $350,000 Stewart Title & Trust Of Tucso
Thress Ryan Joseph $110,000 Stewart Title & Tr Of Tucson
Concagh Landon $85,000 Fidelity Natl Title Agency
Concagh Landon $85,000 Fidelity Natl Title Agency
Federal National Mortgage Association $123,546 Title365
Federal National Mortgage Association $123,546 Title365
Mcdonald Berger Catherine S $175,000 Ttise
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mills Austin Wayne $315,000
Closed Mills Austin Wayne $315,000
Previous Owner Thress Ryan Joseph $93,500
Previous Owner Concagh Landon $71,000
Previous Owner Mcdonald Berger Catherine S $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2024 02/02/24 Sold $350,000 0.0% $246 / Sq Ft
12/28/2023 12/28/23 For Sale $350,000 +311.8% $246 / Sq Ft
02/26/2016 02/26/16 Sold $85,000 0.0% $60 / Sq Ft View Prior Sale
01/27/2016 01/27/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $85,000 -- $60 / 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 $1,489 $12,766 -- --
2024 $1,426 $12,158 -- --
2023 $1,347 $11,579 $0 $0
2022 $1,347 $11,028 $0 $0
2021 $1,352 $10,002 $0 $0
2020 $1,297 $13,661 $0 $0
2019 $1,260 $12,027 $0 $0
2018 $1,202 $8,641 $0 $0
2017 $1,147 $8,641 $0 $0
2016 $1,450 $8,586 $0 $0
2015 $1,407 $8,177 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tresta Anderson

    Tucson's Choice Property Management & Real Estate Group LLC

    (520) 241-5506

    1 in this area

    15 Total Sales

    Tresta Anderson
    Section Image
  • Erick Quintero

    Buyer's Agent in 2024

    Erick Quintero

    Tierra Antigua Realty

    (520) 599-6225

    4 in this area

    339 Total Sales

    Erick Quintero
    Section Image

  • t

    Buyer's Agent in 2024

    tar.rets.37533

    tar.rets.RETS_OFFICE

  • V

    Seller's Agent in 2016

    Valerie Estrada

    Douglas Realty

    (520) 304-7786

    22 Total Sales

    Valerie Estrada
    Section Image

  • B

    Buyer's Agent in 2016

    Bridgett Baldwin

    Real Living Premier Partners

  • t

    Buyer's Agent in 2016

    tar.rets.27963

    tar.rets.RETS_OFFICE

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22327526

MLS of Southern Arizona

APN: 122-17-1300

Arizona Pima County Tucson 85716 Palo Verde

3408 E Lee St, Tucson, AZ

Not Listed for Sale

MultiFamily

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.

MLS of Southern Arizona The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Ten-X are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved.

Nearby Homes