NOT LISTED FOR SALE

3516 E 2nd St Tucson, AZ 85716

Miramonte Neighborhood

Estimated Value: $499,000 - $570,000

-- Bed
1 Bath
2,883 Sq Ft
$185/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $415,000 $144 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,154/month

91 Days on Market

Highlights

  • RV Access or Parking
  • Ranch Style House
  • Granite Countertops
  • 0.2 Acre Lot
  • Secondary bathroom tub or shower combo
  • 2-minute walk to Miramonte Park

About This Home

As of April 2021

2 homes on 1 lot! Front home is a 3bed/ 1bath fully remodeled in 2018. Back home is a 3bed/2bath built in 2018, complete with contemporary style and large open concept floor plan. This is the perfect situation to live in one unit and rent out the other. Nestled in central tucson, only 6 minutes from the University of Arizona and UMC. The lot has a double gate entrance and is surrounded by a brick wall for privacy. Both units have their own parking,all SS kitchen appliances and room for any pets. This is a great opportunity to invest in.

Last Agent to Sell the Property

Kaukaha Watanabe

Real Broker License #SA584368000 Listed on: 01/16/2021

Real Broker

Last Buyer's Agent

Tylor Billings

Arizona Eagle Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 46

Home Design

  • Duplex
  • Ranch Style House
  • Brick or Stone Mason
  • Built-Up Roof
  • Lead Paint Disclosure

Interior Spaces

  • 2,883 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Area
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Dual Sinks
  • Secondary bathroom tub or shower combo
  • Primary Bathroom includes a Walk-In Shower

Parking

  • Driveway
  • On-Site Parking
  • RV Access or Parking

Schools

  • Howell Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 46 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • $4,039 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to deed restrictions

Building Details

  • Other Expense $4,139
  • New Taxes Expense $4,039
  • Operating Expense $8,178
  • Gross Income $38,279
  • Net Operating Income $30,101

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Horses: No
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • CapRate: 7.25
  • Co List Office Mls Id: 495203
  • Subdivision Name: Speedway View Addition
  • General Property Information: List Price/SqFt: 144.54
  • General Property Information: Lot Size Price/SqFt: 46.7
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: Stainless
  • Kitchen Features Countertops: Granite
  • Interior Steps: Yes
  • Appliances: Electric Range, Dishwasher

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up - Reflect
  • View: None
  • Construction Type: Brick
  • Patio And Porch Features: Covered

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected, Phone Connected
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Other Expenses: 4139.0
  • Expenses Taxes Assessments: 4039.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Mansfeld

Lot Info

  • Lot Features: Subdivided
  • Lot Size Sq Ft: 46.0
  • Zoning: Tucson - R3

Building Info

  • Year Built: 1970

Rental Info

  • Utilities Paid Landscaping: Owner
  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 4039.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 38278.8
  • Property Net Operating Income: 30100.8
  • Annual Operating Expense: 8178.0

MLS Schools

  • Elementary School: Howell
  • High School: Tucson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Feb 9, 2021
Sold by
Fong Simon and Fong Miranda
Bought by
Chidozie Chinelo and Egbuna Ikenna
Seller's Agent
Kaukaha Watanabe
Real Broker
Buyer's Agent
Tylor Billings
Arizona Eagle Realty
List Price
$415,000
Sold Price
$415,000
Current Estimated Value
$533,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,142
Avg. Annual Appreciation
5.43%
Original Mortgage
$311,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2018
Closed on
Aug 14, 2018
Sold by
Ksw Properties Llc
Bought by
Fong Simon C and Fong Miranda
Seller's Agent
Kaukaha Watanabe
Real Broker
Buyer's Agent
Rebecca Crane
Real Broker
List Price
$326,000
Sold Price
$326,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$228,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2017
Closed on
Oct 27, 2017
Sold by
Terrazas Karina and Alcaraz Mirna
Bought by
Ksw Properties Llc
Seller's Agent
Jason Tadeo
Coldwell Banker Realty
Buyer's Agent
Jason Tadeo
Keller Williams Southern Arizona
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.28%
Original Mortgage
$276,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2016
Sold by
Fimbres Jorge and Fimbres Gloria
Bought by
Terrazas Karina and Alcaraz Mirna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
3.52%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 29, 2016
Sold by
Rivera Juan and Rivera Lydia
Bought by
Fimbres Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
3.52%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 26, 2007
Sold by
Rivera Juan and Rivera Lydia
Bought by
Rivera Juan and Rivera Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1994
Sold by
Miers Elda L and Barkley Patricia A
Bought by
Rivera Juan C and Rivera Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,300
Interest Rate
8.53%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chidozie Chinelo $415,000 Pima Title
Fong Simon C $326,000 Stewart Title & Trust Of Tuc
Fong Simon C $326,000 Stewart Title & Trust Of Tuc
Ksw Properties Llc $240,000 Stewart Title & Trust Tucson
Terrazas Karina $101,640 Stewart Title & Tr Of Tucson
Terrazas Karina $101,640 Stewart Title & Tr Of Tucson
Fimbres Jorge $100,640 Stewart Title & Tr Of Tucson
Rivera Juan -- Aztia
Rivera Juan -- Aztia
Rivera Juan C $65,000 Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chidozie Chinelo $311,250
Previous Owner Fong Simon C $228,200
Previous Owner Ksw Properties Llc $276,000
Previous Owner Terrazas Karina $101,600
Previous Owner Rivera Juan $110,500
Previous Owner Rivera Juan C $66,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2021 04/02/21 Sold $415,000 0.0% $144 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $415,000 +27.3% $144 / Sq Ft
08/31/2018 08/31/18 Sold $326,000 0.0% $110 / Sq Ft View Prior Sale
08/31/2018 08/31/18 Sold $326,000 0.0% $110 / Sq Ft View Prior Sale
08/01/2018 08/01/18 Pending -- -- --
08/01/2018 08/01/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $326,000 0.0% $110 / Sq Ft
05/25/2018 05/25/18 For Sale $326,000 +35.8% $110 / Sq Ft
11/03/2017 11/03/17 Sold $240,000 0.0% $247 / Sq Ft View Prior Sale
10/23/2017 10/23/17 For Sale $240,000 -- $247 / 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 $4,430 $37,968 -- --
2024 $4,242 $36,160 -- --
2023 $4,006 $34,439 $0 $0
2022 $4,006 $32,799 $0 $0
2021 $4,208 $31,142 $0 $0
2020 $4,039 $31,142 $0 $0
2019 $2,115 $16,129 $0 $0
2018 $1,523 $11,496 $0 $0
2017 $1,526 $11,496 $0 $0
2016 $1,659 $12,205 $0 $0
2015 $1,707 $12,509 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kaukaha Watanabe

    Seller's Agent in 2021

    Kaukaha Watanabe

    Real Broker

    (520) 352-9005

    8 in this area

    1,388 Total Sales

    Kaukaha Watanabe
    Section Image

  • T

    Buyer's Agent in 2021

    Tylor Billings

    Arizona Eagle Realty

  • Rebecca Crane

    Buyer's Agent in 2018

    Rebecca Crane

    Real Broker

    (520) 333-6864

    2 in this area

    377 Total Sales

    Rebecca Crane
    Section Image

  • A

    Buyer Co-Listing Agent in 2018

    Austen Ketchem

    eXp Realty

  • J

    Seller's Agent in 2017

    Jason Tadeo

    Coldwell Banker Realty

  • T

    Seller Co-Listing Agent in 2017

    Tanner Herbert

    Coldwell Banker Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22100026

MLS of Southern Arizona

APN: 125-11-0910

Arizona Pima County Tucson 85716 Miramonte

3516 E 2nd St, Tucson, AZ

Not Listed for Sale

MultiFamily

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