NOT LISTED FOR SALE

3631 E Fairmount St Tucson, AZ 85716

Palo Verde Neighborhood

Estimated Value: $373,462 - $438,000

-- Bed
-- Bath
2,510 Sq Ft
$164/Sq Ft Est. Value

Last Sold January 07, 2014

Last sale price $190,000 $76 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,377/month

106 Days on Market

About This Home

As of January 2014

WHAT A VALUE HERE! Cute front Bungalow is 2 bedroom with A/C, washer/dryer, stove & fridge. Center Bungalow is 1 bedroom with evap and cute front yard. Bungalow's built in 1947. Rear brick duplex, built in 1952, has two 1 bedrooms with evap, carport, washers, stoves and fridge's. All units have enclosed yards for tenant privacy,storage. Centrally located, close to everything! Great long term tenants. Maybe be part of 1031 exchange.

Last Agent to Sell the Property

Lennie Martin

Bidegain Realty, Inc. Listed on: 09/23/2013

Last Buyer's Agent

Gerry Reisig

Russ Lyon Sotheby's Int Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1947

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 70x295x70x295

Home Design

  • 2,510 Sq Ft Home
  • Quadruplex

Utilities

  • Central Air
  • Evaporated cooling system
  • Radiant Heating System

Listing and Financial Details

  • $2,028 special tax assessment

Community Details

Overview

  • Speedway Park Subdivision

Building Details

  • Insurance Expense $1,912
  • Maintenance Expense $2,439
  • Professional Management Expense $2,448
  • Water Sewer Expense $1,237
  • Gross Income $21,880
  • Net Operating Income $11,566

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,028

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Legal Description: From Parcel; 001010010 Speedway Park E 60' of lot 8 Block 6
  • List Price per Sq Ft: 79.28
  • Miscellaneous Package Available: Yes
  • Unit Info Average Monthly Rent One Bedroom: 463.00
  • Unit Info Average Monthly Rent Two Bedroom: 650.00
  • Unit Info Number Of Units1 B R: 3
  • Unit Info Number Of Units2 B R: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 2510.00
  • Interior Steps: No

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Radiant
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Elec Meter: No
  • Miscellaneous Master Gas Meter: No
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Maintenance Supplies: 2439.00
  • Expenses Other Expenses: 250.00
  • Expenses Taxes Assessments: 2028.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.41
  • Lot Dimensions: 70x295x70x295
  • Lot Size Price Sq Ft: 9.64
  • Lot Sq Ft: 20650.00
  • Lot Sz Sold Prc Sq Ft: 9.20
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1947

Tax Info

  • Tax Code: 122-18-1030
  • Taxes: 2028.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2013
Closed on
Nov 19, 2013
Sold by
Rpw Exchange Company
Bought by
Goodman Christopher
Seller's Agent
Lennie Martin
Bidegain Realty, Inc.
Buyer's Agent
Gerry Reisig
Russ Lyon Sotheby's Int Realty
List Price
$190,000
Sold Price
$190,000
Current Estimated Value
$411,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,154
Avg. Annual Appreciation
6.66%
Original Mortgage
$142,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2003
Sold by
Grimes Cecil D and Grimes Betsy L
Bought by
Dunckel Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,100
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 7, 2003
Sold by
Tinsman Dunckel Penelope
Bought by
Dunckel Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,100
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 1997
Sold by
Hawes Mark and Cooke Linda W
Bought by
Grimes Cecil D and Grimes Betsy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,898
Interest Rate
7.33%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 1994
Sold by
Janssen William A
Bought by
Hawes Mark and Cooke Linda W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.52%
Mortgage Type
Seller Take Back
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
Goodman Christopher $190,000 First American Title Ins Co
Dunckel Alan $214,000 --
Dunckel Alan -- --
Dunckel Alan -- --
Grimes Cecil D $150,800 --
Hawes Mark $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodman Christopher $142,500
Previous Owner Dunckel Alan $139,100
Previous Owner Grimes Cecil D $147,898
Previous Owner Hawes Mark $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2014 01/07/14 Sold $190,000 0.0% $76 / Sq Ft
12/08/2013 12/08/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $190,000 -- $76 / 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 $2,670 $20,185 -- --
2024 $2,415 $19,224 -- --
2023 $2,415 $18,309 -- --
2022 $2,429 $17,437 $0 $0
2021 $2,415 $15,816 $0 $0
2020 $2,341 $17,718 $0 $0
2019 $2,310 $17,122 $0 $0
2018 $2,260 $13,662 $0 $0
2017 $2,247 $13,662 $0 $0
2016 $2,209 $13,012 $0 $0
2015 $2,143 $12,392 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lennie Martin

    Bidegain Realty, Inc.

  • G

    Buyer's Agent in 2014

    Gerry Reisig

    Russ Lyon Sotheby's Int Realty

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21325492

MLS of Southern Arizona

APN: 122-18-1030

Arizona Pima County Tucson 85716 Palo Verde

3631 E Fairmount St, Tucson, AZ

Not Listed for Sale

MultiFamily

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