NOT LISTED FOR SALE

4408 E Lee St Tucson, AZ 85712

Midtown Tucson Neighborhood

Estimated Value: $328,406 - $534,000

Studio
-- Bath
3,584 Sq Ft
$114/Sq Ft Est. Value

Last Sold April 24, 2015

Last sale price $160,000 $45 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $2,416/month

114 Days on Market

About This Home

As of April 2015

Great opportunity for investors. Two 2-bedroom/1-bath duplexes. Property also includes pool and pool house with bathroom and storage. Very well maintained units in a great central neighborhood. Property to be sold with Parcel #122-12-229E. See MLS# 21434930

Last Agent to Sell the Property

Matthew Bollinger

Long Realty Listed on: 12/30/2014

Last Buyer's Agent

Craig Thompson

La Corona de Tucson Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,727

Year Built

  • Built in 1959

Lot Details

  • 0.32 Acre Lot

Home Design

  • 3,584 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $2,727 special tax assessment

Community Details

Overview

  • Speedway Addition Subdivision

Building Details

  • Insurance Expense $650
  • Maintenance Expense $600
  • Professional Management Expense $2,484
  • Water Sewer Expense $2,400
  • Gross Income $24,840
  • Net Operating Income $14,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,727

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: Quadruplex
  • Legal Description: From parcel: 12212229A Speedway N135' Lot 6 EXC W49.80' & W31.38' N135' Lot 5. Blk 1.
  • List Price per Sq Ft: 52.32
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 3584.00

Exterior Features

  • Construction: Brick

Utilities

  • Water: City Water
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected
  • Miscellaneous Master Water Meter: Yes

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 600.00
  • Expenses Other Expenses: 1050.00
  • Expenses Taxes Assessments: 2727.00

Lot Info

  • Lot Acres: 0.32
  • Lot Dimensions: unknown
  • Lot Size Price Sq Ft: 13.45
  • Lot Sq Ft: 13939.00
  • Municipality Zoning: Tucson - R2

Building Info

  • Year Built: 1959

Tax Info

  • Tax Code: 122-12-229D
  • Taxes: 2727.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2014
Closed on
Mar 23, 2015
Sold by
Childress Jo Ann J
Bought by
Brown Gary R
Seller's Agent
Matthew Bollinger
Long Realty
Buyer's Agent
Craig Thompson
La Corona de Tucson Realty
List Price
$160,000
Sold Price
$160,000
Current Estimated Value
$408,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,802
Avg. Annual Appreciation
9.12%
Original Mortgage
$112,000
Outstanding Balance
$85,158
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$323,644
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
Brown Gary R $160,000 Catalina Title Agency
Brown Gary R $160,000 Catalina Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Gary R $112,000
Closed Brown Gary R $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2015 04/24/15 Sold $160,000 0.0% $45 / Sq Ft
03/25/2015 03/25/15 Pending -- -- --
12/30/2014 12/30/14 For Sale $160,000 -- $45 / 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
2026 $3,514 $27,893 -- --
2025 $3,514 $26,565 -- --
2024 $3,178 $25,300 -- --
2023 $3,178 $24,095 -- --
2022 $3,196 $22,948 $0 $0
2021 $3,178 $20,814 $0 $0
2020 $3,081 $23,619 $0 $0
2019 $3,040 $23,808 $0 $0
2018 $2,974 $17,980 $0 $0
2017 $2,957 $17,980 $0 $0
2016 $2,895 $17,124 $0 $0
2015 $2,244 $16,309 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Matthew Bollinger

    Long Realty

  • C

    Buyer's Agent in 2015

    Craig Thompson

    La Corona de Tucson Realty

  • t

    Buyer's Agent in 2015

    tar.rets.15650

    tar.rets.RETS_OFFICE

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21434931

MLS of Southern Arizona

APN: 122-12-229D

Arizona Pima County Tucson 85712 Midtown Tucson

4408 E Lee St, Tucson, AZ

Not Listed for Sale

MultiFamily

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