NOT LISTED FOR SALE

3937 E Bellevue St Tucson, AZ 85712

Midtown Tucson Neighborhood

Estimated Value: $297,000 - $516,000

Studio
-- Bath
2,832 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $159,900 $56 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $2,340/month

65 Days on Market

About This Home

As of June 2012

4 individual houses in a great central location. Financials are actual for 2011. Net income could be significantly higher if property was operated/managed by owner. Rents are currently below market & should be raised by at least 25%. Very good upside.

Last Agent to Sell the Property

Mick Cluck

Coldwell Banker Realty Listed on: 04/11/2012

Last Buyer's Agent

Eric Shaffer

Long Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,712

Year Built

  • Built in 1946

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 150 x 120

Home Design

  • 2,832 Sq Ft Home
  • Quadruplex

Utilities

  • Central Air
  • Evaporated cooling system

Listing and Financial Details

  • $2,712 special tax assessment

Community Details

Overview

  • Speedway Addition No. 1 Subdivision

Building Details

  • Fuel Expense $92
  • Insurance Expense $1,300
  • Maintenance Expense $2,213
  • Professional Management Expense $1,932
  • Gross Income $19,609
  • Net Operating Income $10,816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,712

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Legal Description: w150' of lot 10 & W 150' of S30' of lot 9 Blk 5 Speedway N0. 1
  • List Price per Sq Ft: 56.46
  • Miscellaneous Package Available: No
  • Unit Info Average Monthly Rent One Bedroom: 450.00
  • Unit Info Average Monthly Rent Two Bedroom: 450.00
  • 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: 2832.00
  • Interior Steps: No

Utilities

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

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Capital Expenses: 544.00
  • Expenses Figures Presented: Actual
  • Expenses Gas Electric: 92.00
  • Expenses Maintenance Supplies: 2213.00
  • Expenses Taxes Assessments: 2712.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Lot Acres: 0.41
  • Lot Dimensions: 150 x 120
  • Lot Size Price Sq Ft: 8.88
  • Lot Sq Ft: 18000.00
  • Lot Sz Sold Prc Sq Ft: 8.88
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1946

Tax Info

  • Tax Code: 122-13-087A
  • Taxes: 2712.00
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2012
Closed on
Jun 26, 2012
Sold by
J & B Kay Properties Llc
Bought by
Gilman Mayu A
Seller's Agent
Mick Cluck
Coldwell Banker Realty
Buyer's Agent
Eric Shaffer
Long Realty Company
List Price
$159,900
Sold Price
$159,900
Current Estimated Value
$397,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,780
Avg. Annual Appreciation
6.97%
Original Mortgage
$146,428
Outstanding Balance
$101,412
Interest Rate
3.74%
Mortgage Type
FHA
Estimated Equity
$296,268

Purchase Details

Closed on
Sep 29, 2003
Sold by
Kay James and Kay Betty M
Bought by
Kay James and Kay Betty M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,900
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2002
Sold by
Kay James and Kay Betty M
Bought by
Kay James and Kay Betty M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.17%
Mortgage Type
Commercial
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
Gilman Mayu A $159,900 Long Title Agency
Gilman Mayu A $159,900 Long Title Agency
Kay James -- --
Kay James -- --
Kay James -- --
Kay James -- --
Kay James -- --
Kay James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilman Mayu A $146,428
Closed Gilman Mayu A $146,428
Previous Owner Kay James $65,900
Previous Owner Kay James $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2012 06/29/12 Sold $159,900 0.0% $56 / Sq Ft
06/15/2012 06/15/12 Pending -- -- --
04/11/2012 04/11/12 For Sale $159,900 -- $56 / 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 $3,155 $23,855 -- --
2024 $2,854 $22,719 -- --
2023 $2,854 $21,638 -- --
2022 $2,870 $20,607 $0 $0
2021 $2,854 $18,691 $0 $0
2020 $2,767 $18,691 $0 $0
2019 $2,954 $19,258 $0 $0
2018 $3,138 $18,974 $0 $0
2016 $3,203 $18,974 $0 $0
2015 $3,259 $18,974 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mick Cluck

    Coldwell Banker Realty

  • E

    Buyer's Agent in 2012

    Eric Shaffer

    Long Realty Company

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Map

Source: MLS of Southern Arizona

MLS Number: 21209160

MLS of Southern Arizona

APN: 122-13-087A

Arizona Pima County Tucson 85712 Midtown Tucson

3937 E Bellevue St, Tucson, AZ

Not Listed for Sale

MultiFamily

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