NOT LISTED FOR SALE

Estimated Value: $366,000 - $479,000

4 Beds
2 Baths
1,288 Sq Ft
$329/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $320,000 $248 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,436/month

15 Days on Market

Highlights

  • RV Parking in Community
  • Mountain View
  • Corner Lot
  • Sam Hughes Elementary Rated 10
  • Contemporary Architecture
  • Community Pool

About This Home

As of March 2020

Fantastic Investment Opportunity at 8.0% Cap Rate!! Newer construction in UofA area rented through 7/26/2020 at $3,000 a month! Leased for 8/1/2020 - 7/26/2021 at $2,800 a month. House remodeled in 2019 with new tile throughout, updated bathrooms, new ceiling fans, new kitchen counter tops! Large living areas and bedrooms. House located on cul-de-sac lot with one of the best backyards near the UofA boasting huge pool and spa! Property backs up to common area! Nice bathrooms and perfect floorplan for communal living. HUGE yard, with NEW POOL, Turf, Spa (2017) and lots of potential for this R-2 lot. Home has been professionally managed and management would stay on if desired. PLEASE DO NOT DISTURB TENANTS. One of the Members of Seller is licensed to Sell Real Estate in Arizona.

Last Agent to Sell the Property

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 02/13/2020

Last Buyer's Agent

Jarrett Reidhead

Tucson Integrity Realty, LLC Listed on: 02/13/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,139

Year Built

  • Built in 1994

Lot Details

  • 10,018 Sq Ft Lot
  • Property fronts an alley
  • Cul-De-Sac
  • East or West Exposure
  • Wood Fence
  • Block Wall Fence
  • Shrub
  • Corner Lot
  • Paved or Partially Paved Lot
  • Landscaped with Trees

Home Design

  • Duplex
  • Contemporary Architecture
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Family Room
  • Formal Dining Room
  • Ceramic Tile Flooring
  • Mountain Views
  • Window Bars
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway

Schools

  • Cragin Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $1,889 special tax assessment

Community Details

Overview

  • Randolph Addition Subdivision
  • The community has rules related to deed restrictions
  • RV Parking in Community

Recreation

  • Community Pool
  • Community Spa

Building Details

  • Insurance Expense $543
  • Maintenance Expense $3,967
  • Gross Income $36,000
  • Net Operating Income $28,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,139

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Contemporary
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: Randolph Lot 5 Exc In Rd Nely Ptn Lot 6 Lyg W of Rd & Nthly Tri Ptn Lot 7 Blk 1
  • Attached Detached: Attached
  • List Price per Sq Ft: 271.74
  • Subdivision Restrict C C And Rs: Yes
  • Unit Info Avg Mo Rent Other: 3000.00
  • Unit Info Number Of Units Other: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Dual Pane Windows, Walk In Closets
  • Window Coverings: Stay
  • Floor Covering: Ceramic Tile
  • Gross Sq Ft: 1288.00
  • Bathroom Features: Shower & Tub/Hall, Shower & Tub/Primary
  • Breakfast: Area
  • Dining Areas: Formal Dining Room
  • Dining Room: Area
  • Kitchen Features Appliance Color: White
  • Kitchen Features Countertops: Vynal
  • Kitchen Features Microwave: Conventional
  • Kitchen Features Oven: Gas
  • Living Areas: Family Room
  • Laundry: Laundry Closet
  • Extra Room: None
  • Kitchen Features: Dishwasher, Garbage Disposal, Refrigerator

Exterior Features

  • Construction: Frame - Stucco
  • Construction Status: Existing
  • F E M A Flood Zone: No
  • Fence: Block, Wood
  • Landscape Front: Decorative Gravel, Low Care, Shrubs, Trees
  • Landscape Rear: Decorative Gravel, Shrubs, Trees
  • Landscape Rear Other: Turf
  • Patio Deck: Covered
  • Pool: Community
  • Road Maintenance: City
  • Roof: Shingle
  • Spa: Community
  • View: Mountain(s), Sunrise
  • Exterior Feature: None

Garage/Parking

  • Driveway: To Property Line
  • Rv Parking: Space Available
  • Total Parking: 4

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security: Window Bars
  • Sewer: Connected

Condo/Co-op/Association

  • Association Amenities: None
  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: Yes
  • Neighborhood Features: Paved Street

Fee Information

  • Expenses Admin Expenses: 260.00
  • Expenses Contract Services: 780.00
  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 3967.00
  • Expenses Other Expenses: 345.00
  • Expenses Taxes Assessments: 1889.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.23
  • Lot Dimensions: Irregular
  • Lot Features: Adjacent to Alley, Adjacent to Wash, Corner Lot, Cul-De-Sac, East/West Exposure
  • Lot Size Price Sq Ft: 34.94
  • Lot Sq Ft: 10018.00
  • Lot Sz Sold Prc Sq Ft: 31.94
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1994

Rental Info

  • Utilities Paid Cable TV: Tenant
  • Utilities Paid Electric: Tenant
  • Utilities Paid Gas: Tenant
  • Utilities Paid Insurance: Owner
  • Utilities Paid Landscaping: Owner
  • Utilities Paid Pool Spa Maintenance: Owner
  • Utilities Paid Sewer: Tenant
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Tenant
  • Utilities Paid Water: Tenant

Tax Info

  • Tax Code: 124-14-003E
  • Taxes: 2139.00
  • Tax Year: 2019
  • Taxes For: Dwelling & Land

MLS Schools

  • Middle School: Mansfeld
  • Elementary School: Cragin
  • High School: Tucson
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2020
Closed on
Feb 25, 2020
Sold by
Reidhead & Peterman Properties
Bought by
Step 42 Enterprises Llc
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$423,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,544
Avg. Annual Appreciation
5.00%

Purchase Details

Listed on
Jan 23, 2018
Closed on
Apr 6, 2018
Sold by
528 S Cherry S Ave Llc
Bought by
Reidhead & Peterman Properties Llc
Seller's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%

Purchase Details

Listed on
Mar 12, 2012
Closed on
May 9, 2012
Sold by
Weakley William Thomas and Weakley Kristine L
Bought by
Charles Ryan and Charles Dori
Seller's Agent
Deborah Sullivan
Long Realty
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$194,000
Sold Price
$194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$145,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2008
Sold by
Trosper Tim and Trosper Maryjean
Bought by
Weakley William Thomas and Weakley Kristine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2000
Sold by
Dohring Robert S and Dohring Janey L
Bought by
Trosper Tim and Trosper Maryjean

Purchase Details

Closed on
Nov 7, 1994
Sold by
City Of Tucson
Bought by
Dohring Robert S and Dohring Janet L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Step 42 Enterprises Llc $320,000 Title Security Agency Llc
Reidhead & Peterman Properties Llc $285,000 Title Security Agency Llc
528 S Cherry Ave Llc -- Title Security Agency Llc
528 S Cherry Ave Llc -- Title Security Agency Llc
Charles Ryan $194,000 Tfati
Charles Ryan $194,000 Tfati
Weakley William Thomas $185,000 Tlati
Weakley William Thomas $185,000 Tlati
Trosper Tim $87,000 --
Dohring Robert S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Charles Ryan $145,500
Previous Owner Weakley William Thomas $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2020 03/02/20 Sold $320,000 0.0% $248 / Sq Ft
02/13/2020 02/13/20 For Sale $320,000 +12.3% $248 / Sq Ft
04/13/2018 04/13/18 Sold $285,000 0.0% $221 / Sq Ft View Prior Sale
03/14/2018 03/14/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $285,000 +46.9% $221 / Sq Ft
05/16/2012 05/16/12 Sold $194,000 0.0% $151 / Sq Ft View Prior Sale
04/16/2012 04/16/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $194,000 -- $151 / 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 $2,472 $18,685 -- --
2024 $2,371 $17,795 -- --
2023 $2,248 $16,947 $0 $0
2022 $2,248 $16,140 $0 $0
2021 $2,235 $14,640 $0 $0
2020 $2,167 $14,640 $0 $0
2019 $2,139 $16,534 $0 $0
2018 $2,092 $12,647 $0 $0
2017 $2,080 $12,647 $0 $0
2016 $2,008 $12,044 $0 $0
2015 $1,946 $11,471 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22004220

MLS of Southern Arizona

APN: 124-14-003E