NOT LISTED FOR SALE

3501 E Willard St Tucson, AZ 85716

Palo Verde Neighborhood

Estimated Value: $451,000 - $544,897

5 Beds
4 Baths
2,800 Sq Ft
$176/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $385,000 $138 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,830/month

166 Days on Market

Highlights

  • RV Parking in Community
  • Ranch Style House
  • Breakfast Area or Nook
  • Mountain View
  • Corner Lot
  • Beamed Ceilings

About This Home

As of November 2021

Investor opportunity in the desirable Palo Verde Neighborhood. 6.6% CAP with actual figures. Some deferred maintenance, with huge upside after improvements. Five units total- one duplex and one triplex. Beautiful 1948 construction, with excellent light, beam ceilings, and individual yards. Plenty of parking. Four units are occupied, fifth unit is the smallest, and needs electrical work to be rented. Electrical is functional in the other units, but needs service and wiring upgrades. Add central AC and boost rents $100-200 per unit. Large storage unit could be converted to an additional unit as well. Professionally managed by Habitation Realty. Excellent tenants, with all numbers available. Shown only w/accepted contract. All offers will be reviewed on June 7 at 6pm.

Last Agent to Sell the Property

Alexander Chavez

Habitation Realty ERA Powered Listed on: 05/28/2021

Co-Listed By

Megan Toussau

Habitation Realty ERA Powered

Last Buyer's Agent

Keith Duncan

Ochoa Realty & Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,578

Year Built

  • Built in 1948

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 144 x 118 x 144 x 117
  • Infill Lot
  • Chain Link Fence
  • Corner Lot
  • Back Yard

Home Design

  • Quadruplex
  • Ranch Style House
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • Beamed Ceilings
  • Window Treatments
  • Living Room
  • Dining Room
  • Storage Room
  • Laundry Located Outside
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Oven

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Pedestal Sink
  • Shower Only in Secondary Bathroom

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Evaporated cooling system
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,578 special tax assessment

Community Details

Overview

  • Speedway Park Addition Resub Subdivision
  • RV Parking in Community

Building Details

  • Insurance Expense $1,000
  • Professional Management Expense $4,483
  • Water Sewer Expense $1,500
  • Gross Income $30,990
  • Net Operating Income $21,429

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,578

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Ranch
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: Speedway Park Resub Lots 11 & 12 Blk 5
  • Attached Detached: Attached
  • List Price per Sq Ft: 116.07
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units1 B R: 4
  • Unit Info Number Of Units2 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Exposed Beams, Smoke Detector
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile, Concrete
  • Gross Sq Ft: 2800.00
  • Bathroom Features: Pedestal Sink(s), Shower Only/Hall
  • Breakfast: Area
  • Dining Areas: Breakfast Bar
  • Dining Room: Area
  • Kitchen Features Oven: gas
  • Living Areas: Living Room
  • Laundry: Outside
  • Extra Room: Storage
  • Kitchen Features: Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Brick
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Chain Link
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Patio
  • Pool: None
  • Road Maintenance: City
  • Roof: Built-Up - Reflect
  • Spa: None
  • View: Mountain(s)
  • Exterior Feature: Shed

Garage/Parking

  • Rv Parking: Space Available
  • Total Parking: 8

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, Zoned
  • Main Heating: Wall
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 2577.91

Green Features

  • Green Features: Infill Site

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.37
  • Lot Dimensions: 144 x 118 x 144 x 117
  • Lot Features: Corner Lot, North/South Exposure
  • Lot Size Price Sq Ft: 20.17
  • Lot Sq Ft: 16117.00
  • Lot Sz Sold Prc Sq Ft: 23.89
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1948

Rental Info

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

Tax Info

  • Tax Code: 122-18-381A
  • Taxes: 2577.91
  • 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

Listed on
May 28, 2021
Closed on
Nov 2, 2021
Sold by
Moghimifard Farhad and Connell Eileen M
Bought by
Willard Flats Llc
Seller's Agent
Alexander Chavez
Habitation Realty ERA Powered
Buyer's Agent
Keith Duncan
Ochoa Realty & Property Management
List Price
$325,000
Sold Price
$385,000
Premium/Discount to List
$60,000
18.46%
Current Estimated Value
$493,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,299
Avg. Annual Appreciation
6.19%
Original Mortgage
$269,500
Outstanding Balance
$229,571
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$263,728

Purchase Details

Closed on
Jul 31, 1996
Sold by
Goldman Robert and Goldman Ruth
Bought by
Moghimifard Farhad and Connell Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,880
Interest Rate
8.32%
Mortgage Type
FHA
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
Willard Flats Llc $385,000 Fidelity Natl Ttl Agcy Inc
Moghimifard Farhad $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willard Flats Llc $269,500
Previous Owner Moghimifard Farhad $130,880
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2021 11/10/21 Sold $385,000 +18.5% $138 / Sq Ft
05/28/2021 05/28/21 For Sale $325,000 -- $116 / 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 $2,940 $22,227 -- --
2024 $2,659 $21,168 -- --
2023 $2,659 $20,160 -- --
2022 $2,674 $19,200 $0 $0
2021 $2,659 $17,415 $0 $0
2020 $2,578 $19,204 $0 $0
2019 $2,544 $19,189 $0 $0
2018 $2,488 $15,044 $0 $0
2017 $2,474 $15,044 $0 $0
2016 $2,429 $14,327 $0 $0
2015 $2,355 $13,645 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alexander Chavez

    Habitation Realty ERA Powered

    (520) 647-9503

    1 in this area

    25 Total Sales

    Alexander Chavez
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Megan Toussau

    Habitation Realty ERA Powered

  • K

    Buyer's Agent in 2021

    Keith Duncan

    Ochoa Realty & Property Management

  • t

    Buyer's Agent in 2021

    tar.rets.11813

    tar.rets.RETS_OFFICE

  • S

    Buyer Co-Listing Agent in 2021

    Susan Francis

    Keller Williams Southern Arizona

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22113874

MLS of Southern Arizona

APN: 122-18-381A

Arizona Pima County Tucson 85716 Palo Verde

3501 E Willard 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