NOT LISTED FOR SALE

409 E Thoroughbred St Tucson, AZ 85706

Sunnyside Neighborhood

Estimated Value: $288,847 - $473,000

8 Beds
4 Baths
3,290 Sq Ft
$122/Sq Ft Est. Value

Last Sold February 12, 2020

Last sale price $261,000 $79 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,260/month

61 Days on Market

Highlights

  • Contemporary Architecture
  • Patio
  • Ceramic Tile Flooring
  • Eat-In Kitchen
  • Living Room
  • 2-minute walk to Rudy Garcia Park

About This Home

As of February 2020

This 4 plex property was recently renovated and is very turn key. It is also in an area with quickly increasing rents, thus making it perfect for an out of area investor. This is in a very attractive area to renters with a major park close by to it and with quick access to the I-10, I-19, downtown, shopping and dining. It's major systems were upgraded including new AC's, roof, as well as plumbing and electrical system. It was also given upgraded interiors such as new flooring, paint and stackable washer / dryers to help increase possible rents received. The units can now rent out for $775-800 given the improvements made plus with stackable washer and dryers added. All are 2/1's at about 773/sq. ft. each, with private front patios.

Last Agent to Sell the Property

Danny Roth

Keller Williams Southern Arizona Listed on: 12/12/2019

Last Buyer's Agent

Rudy Ruiz

Keller Williams Southern Arizona

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,464

Year Built

  • Built in 1985

Lot Details

  • 8,712 Sq Ft Lot
  • Block Wall Fence
  • Back Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Frame Construction

Interior Spaces

  • 3,290 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Living Room
  • Ceramic Tile Flooring
  • Eat-In Kitchen

Parking

  • No Driveway
  • On-Site Parking

Schools

  • Drexel Elementary School
  • Apollo Middle School
  • Sunnyside High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • Ground Level

Listing and Financial Details

  • $1,464 special tax assessment

Community Details

Overview

  • Rodeo Industrial Park Subdivision
  • The community has rules related to deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Insurance Expense $1,284
  • Professional Management Expense $2,400
  • Water Sewer Expense $3,600
  • Gross Income $34,920
  • Net Operating Income $25,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,464

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 4 Plex
  • Style: Contemporary
  • Technology: Cable TV, High Speed Internet
  • Accessibility Options: None
  • Legal Description: RODEO INDUSTRIAL PARK E86.02' LOT 7
  • Attached Detached: Attached
  • List Price per Sq Ft: 84.80
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 3290.00
  • Bathroom Features: None
  • Breakfast: None
  • Dining Areas: Eat-In Kitchen
  • Dining Room: None
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room: None
  • Kitchen Features: Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Frame
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Stucco Finish
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Patio
  • Pool: None
  • Road Maintenance: City
  • Roof Other: Unknown
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Driveway: None

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
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Other Expenses: 1000.00
  • Expenses Taxes Assessments: 1464.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.20
  • Lot Dimensions: Unknown
  • Lot Features: Subdivided
  • Lot Size Price Sq Ft: 32.02
  • Lot Sq Ft: 8712.00
  • Lot Sz Sold Prc Sq Ft: 29.96
  • Municipality Zoning: Tucson - O3
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1985

Rental Info

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

Tax Info

  • Tax Code: 137-02-007A
  • Taxes: 1464.20
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Apollo
  • Elementary School: Drexel
  • High School: Sunnyside
  • School District: Sunnyside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2023
Sold by
Morson Haile A
Bought by
Morson Haile A
Current Estimated Value
$400,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Outstanding Balance
$291,708
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$109,004

Purchase Details

Listed on
Dec 12, 2019
Closed on
Feb 7, 2020
Sold by
Wood Michael and Wood Michale J
Bought by
Jones Haile
Seller's Agent
Danny Roth
Keller Williams Southern Arizona
Buyer's Agent
Rudy Ruiz
Keller Williams Southern Arizona
List Price
$261,000
Sold Price
$261,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$184,750
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2017
Closed on
Mar 6, 2017
Sold by
Hartkopf Robert and Maravilla Grace E
Bought by
Wood Michael
Seller's Agent
Rita Angelin McCall
Tierra Antigua Realty
Buyer's Agent
Danny Roth
Berkshire Hathaway Homeservices Premier Properties
List Price
$205,000
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$153,750
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2010
Sold by
G & G Financial Inc
Bought by
Hartkopf Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,625
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Scribner Robert
Bought by
G & G Financial Inc

Purchase Details

Closed on
Jun 16, 2005
Sold by
Scribner Jennifer
Bought by
Scribner Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,050
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 15, 2005
Sold by
Hollar Michael J and Hollar Angolla C
Bought by
Scribner Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,050
Interest Rate
8.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 31, 2005
Sold by
National City Mortgage Inc
Bought by
Hollar Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2004
Sold by
Chinchilla Raul G
Bought by
National City Mortgage Co

Purchase Details

Closed on
Mar 6, 2003
Sold by
Williams Steven A and Williams Steve A
Bought by
Chinchilla Raul G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,219
Interest Rate
5.85%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2001
Sold by
Holt Williams Nancy
Bought by
Williams Steve

Purchase Details

Closed on
Apr 4, 2001
Sold by
Bowman Paul C and Bowman Edith G
Bought by
Williams Steve
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
Morson Haile A -- Title Security Agency
Morson Haile A -- Title Security Agency
Jones Haile $261,000 Long Title Agency Inc
Wood Michael $205,000 Catalina Title Agency
Hartkopf Robert $123,500 Ttise
G & G Financial Inc $86,700 None Available
Scribner Robert -- Ticor
Scribner Robert $184,500 Ticor
Scribner Robert $184,500 Ticor
Hollar Michael J $136,500 --
Hollar Michael J $136,500 --
National City Mortgage Co $159,000 --
Chinchilla Raul G $180,000 --
Williams Steve -- --
Williams Steve $97,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morson Haile A $301,000
Closed Morson Haile A $301,000
Previous Owner Jones Haile $184,750
Previous Owner Wood Michael $153,750
Previous Owner Hartkopf Robert $92,625
Previous Owner Scribner Robert $166,050
Previous Owner Hollar Michael J $109,200
Previous Owner Chinchilla Raul G $177,219
Closed Hollar Michael J $27,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/12/2020 02/12/20 Sold $261,000 0.0% $79 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $261,000 +27.3% $79 / Sq Ft
03/14/2017 03/14/17 Sold $205,000 0.0% $62 / Sq Ft View Prior Sale
02/12/2017 02/12/17 Pending -- -- --
01/24/2017 01/24/17 For Sale $205,000 -- $62 / 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 $1,977 $13,865 -- --
2024 $1,494 $13,205 -- --
2023 $1,494 $12,576 -- --
2022 $1,476 $11,977 $0 $0
2021 $1,494 $10,863 $0 $0
2020 $1,502 $17,358 $0 $0
2019 $1,480 $15,819 $0 $0
2018 $1,464 $9,384 $0 $0
2017 $1,429 $9,384 $0 $0
2016 $1,385 $8,937 $0 $0
2015 $1,189 $8,512 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 21931393

MLS of Southern Arizona

APN: 137-02-007A