NOT LISTED FOR SALE

Estimated Value: $506,000 - $898,000

-- Bed
4 Baths
3,248 Sq Ft
$206/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $460,000 $142 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,801/month

100 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Double Pane Windows
  • Secondary bathroom tub or shower combo
  • Breakfast Area or Nook
  • Brick or Stone Mason

About This Home

As of August 2021

This fourplex is conveniently located in central Tucson. Property has four renovated, 2 bedroom/1 bath units, each with its own interior laundry room that includes washer and dryer. Units are fully air conditioned, single story with low-e windows and masonry stucco construction. Spacious kitchen and ceramic tile floors complete the interiors. Additionally, two units have walk in showers and two units have tub/showers. Low maintenance landscaping with
irrigation and timer in place. Long term tenants, with average being 4 years and one being there almost 10 years! Great opportunity for investors.

Last Agent to Sell the Property

Bradley Wachs

Long Realty Brokerage Email: bradw@longrealty.com Listed on: 06/26/2021

Long Realty

Last Buyer's Agent

Angela Schmidt

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 60x240x60x240
  • East or West Exposure

Home Design

  • Ranch Style House
  • Bungalow
  • Quadruplex
  • Brick or Stone Mason
  • Built-Up Roof
  • Stucco
  • Lead Paint Disclosure

Interior Spaces

  • 3,248 Sq Ft Home
  • Double Pane Windows
  • Window Treatments
  • Family Room
  • Ceramic Tile Flooring
  • Security Lights
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • Secondary bathroom tub or shower combo
  • Shower Only in Secondary Bathroom

Parking

  • 8 Parking Spaces
  • Driveway

Location

  • Ground Level

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • $3,056 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Fuel Expense $240
  • Professional Management Expense $3,024
  • Water Sewer Expense $3,000
  • New Taxes Expense $3,056
  • Operating Expense $9,320
  • Gross Income $30,240
  • Net Operating Income $20,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Unit Info Average Monthly Rent Two Bedroom: 630.0
  • Attribution Contact: bradw@longrealty.com
  • Horses: No
  • Lot Size: 60x240x60x240
  • Road Surface Type: Paved
  • CapRate: 4.55
  • Professional Management Expense: 3024.0
  • Co List Office Mls Id: 16706
  • Subdivision Name: Speedway Park
  • General Property Information: List Price/SqFt: 138.55
  • General Property Information: Lot Size Price/SqFt: 31.25
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Dishwasher, Refrigerator
  • Window Features: Double Pane Windows

Exterior Features

  • ExteriorFeatures: None
  • Roof: Built-Up
  • View: None
  • Construction Type: Brick, Stucco Finish
  • Patio And Porch Features: None

Utilities

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

Condo/Co-op/Association

  • Amenities: None

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 240.0
  • Expenses Taxes Assessments: 3055.69
  • Annual Water Sewer Expense: 3000.0

Schools

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

Lot Info

  • Lot Features: East/West Exposure
  • Lot Size Sq Ft: 31.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1971

Rental Info

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

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 3055.69

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 30240.0
  • Property Net Operating Income: 20920.3
  • Annual Operating Expense: 9319.69

MLS Schools

  • Elementary School: Blenman
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2021
Closed on
Aug 9, 2021
Sold by
Define Properties Llc
Bought by
Nomadic Ventures Llc
Seller's Agent
Bradley Wachs
Long Realty
Buyer's Agent
Angela Schmidt
Tierra Antigua Realty
List Price
$460,000
Sold Price
$460,000
Current Estimated Value
$670,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,058
Avg. Annual Appreciation
8.99%
Original Mortgage
$322,000
Outstanding Balance
$292,798
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$377,260

Purchase Details

Closed on
Oct 15, 2009
Sold by
The Bank Of New York Mellon
Bought by
Define Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2009
Sold by
Abrego Pineda Adyee C
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Aug 18, 2004
Sold by
Saavedra Eduardo
Bought by
Saavedra Vicky Puchi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2004
Sold by
Moonrise Apartments Llc
Bought by
Puchi Saavedra Vicky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1999
Sold by
Rustempasic Nermina M
Bought by
Moon Rise Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 1999
Sold by
Verdugo Daniel S
Bought by
Rustempasic Nermina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 1998
Sold by
Hubbard G Russell and Hubbard Elaine R
Bought by
Verdugo Daniel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.97%
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
Nomadic Ventures Llc $460,000 Premier Title Agency
Define Properties Llc $193,000 Fidelity National Title
Define Properties Llc $193,000 Fidelity National Title
The Bank Of New York Mellon $272,348 Tfnti
Saavedra Vicky Puchi -- --
Saavedra Vicky Puchi -- --
Puchi Saavedra Vicky $252,500 Long Title Agency
Moon Rise Apartments Llc $166,250 --
Rustempasic Nermina M $166,250 --
Verdugo Daniel S $137,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nomadic Ventures Llc $322,000
Previous Owner Define Properties Llc $143,000
Previous Owner Puchi Saavedra Vicky $152,500
Previous Owner Rustempasic Nermina M $112,000
Previous Owner Verdugo Daniel S $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2021 08/12/21 Sold $460,000 0.0% $142 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $460,000 -- $142 / 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 $3,485 $26,347 -- --
2024 $3,152 $25,092 -- --
2023 $3,152 $23,897 -- --
2022 $3,170 $22,759 $0 $0
2021 $3,152 $20,643 $0 $0
2020 $3,056 $22,465 $0 $0
2019 $3,015 $22,643 $0 $0
2018 $2,949 $17,833 $0 $0
2017 $2,933 $17,833 $0 $0
2016 $2,868 $16,983 $0 $0
2015 $2,781 $16,175 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22111493

MLS of Southern Arizona

APN: 122-18-088C