NOT LISTED FOR SALE

616 E 8th St Tucson, AZ 85705

Iron Horse Neighborhood

Estimated Value: $373,000 - $495,000

2 Beds
2 Baths
1,344 Sq Ft
$306/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $255,000 $190 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,408/month

59 Days on Market

Highlights

  • Bonus Room
  • Enclosed Patio or Porch
  • Courtyard
  • Breakfast Area or Nook
  • Bathtub with Shower
  • Living Room

About This Home

As of May 2021

Great Duplex, easily rented and centrally located in the Iron Horse historical neighborhood. Close to UofA, 4th Ave., shopping and restaurants.Both units are 1 bedroom, 1 bathroom with a bonus room and fireplace.DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Paula Margerum

New Concept Listed on: 03/12/2021

Last Buyer's Agent

Daniel Martell

Tierra Antigua Realty

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,165

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Wood Fence
  • Paved or Partially Paved Lot
  • Back Yard

Home Design

  • Duplex
  • Bungalow
  • Brick Exterior Construction
  • Rolled or Hot Mop Roof
  • Siding

Interior Spaces

  • Bathtub with Shower
  • 1,344 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Bonus Room
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Courtyard
  • Enclosed Patio or Porch

Schools

  • Roskruge Elementary School
  • Mansfeld Middle School
  • Tucson High School

Utilities

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

Additional Features

  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $2,165 special tax assessment

Community Details

Overview

  • City Of Tucson Subdivision

Building Details

  • Insurance Expense $600
  • Maintenance Expense $400
  • Professional Management Expense $1,320
  • Water Sewer Expense $90
  • Gross Income $13,200
  • Net Operating Income $8,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,165

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 2 Plex
  • Style: Bungalow
  • Technology: Cable TV
  • Accessibility Options: None
  • Legal Description: 001010010/Tucson W12.8' E92.8' N150' & W33.8' E80' N108' W2 Blk 78
  • Attached Detached: Attached
  • List Price per Sq Ft: 187.50
  • Subdivision Restrict C C And Rs: No
  • Unit Info Number Of Units1 B R: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Floor Covering Other: laminate
  • Window Coverings: Stay
  • Floor Covering: Carpet
  • Gross Sq Ft: 1344.00
  • Bathroom Features: Shower & Tub/Hall
  • Breakfast: Area
  • Dining Areas: Eat-In Kitchen
  • Dining Room: None
  • Kitchen Features Appliance Color: White
  • Laundry Other: hook ups
  • Living Areas: Living Room
  • Extra Room: Bonus Room
  • Kitchen Features: Gas Range, Refrigerator
  • Interior Steps: No

Exterior Features

  • Construction: Brick
  • Construction Siding: Yes
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: TBD
  • Fence: Wood
  • Landscape Front: Low Care
  • Landscape Rear: Low Care
  • Patio Deck: Enclosed
  • Pool: None
  • Road Maintenance: City
  • Roof: Rolled
  • Spa: None
  • View: None
  • Exterior Feature: Courtyard

Garage/Parking

  • Total Parking: 2

Utilities

  • Water: City Water
  • Water Heater: Electric
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air
  • Main Heating: Forced Air, Natural Gas
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None
  • Neighborhood Features Green Valley Rec: No

Association/Amenities

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

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Maintenance Supplies: 400.00
  • Expenses Taxes Assessments: 2164.66

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.13
  • Lot Dimensions: Irregular
  • Lot Features: North/South Exposure
  • Lot Size Price Sq Ft: 44.50
  • Lot Sq Ft: 5663.00
  • Lot Sz Sold Prc Sq Ft: 45.03
  • Municipality Zoning: Pima County - R3
  • Municipal Flood Zone: TBD

Building Info

  • Year Built: 1920

Rental Info

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

Tax Info

  • Tax Code: 117-06-0090
  • Taxes: 2164.66
  • Tax Year: 2020
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
Mar 17, 2021
Sold by
Stone Stanley W and The Stone Family Trust
Bought by
Yadav Vikas
Seller's Agent
Paula Margerum
New Concept
Buyer's Agent
Daniel Martell
Tierra Antigua Realty
List Price
$255,000
Sold Price
$255,000
Current Estimated Value
$411,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,107
Avg. Annual Appreciation
11.09%
Original Mortgage
$191,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2018
Sold by
Stone Stanley W and Stone Elsa Rojas
Bought by
Stone Stanley W and Stone Elsa Rojas

Purchase Details

Closed on
Aug 7, 2017
Sold by
Steinhoff Ofelia
Bought by
Stone Elsa Rojas

Purchase Details

Closed on
Apr 28, 2005
Sold by
Carabetta Vincent J and Carabetta Carol S
Bought by
Steinhoff Ofelia

Purchase Details

Closed on
Dec 6, 1993
Sold by
Wilson Sherry and Wilson William Michael
Bought by
Carabetta Vincent J and Carabetta Carol S
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
Yadav Vikas $255,000 Signature Ttl Agcy Of Az Llc
Stone Stanley W -- None Available
Stone Stanley W -- None Available
Stone Stanley W -- None Available
Stone Elsa Rojas -- None Available
Steinhoff Ofelia $190,000 --
Carabetta Vincent J $40,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yadav Vikas $191,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2021 05/12/21 Sold $255,000 0.0% $190 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $255,000 0.0% $190 / Sq Ft
06/04/2014 06/04/14 Rented $550 0.0% --
06/04/2014 06/04/14 For Rent $550 +2.8% --
05/15/2013 05/15/13 Rented $535 0.0% --
04/15/2013 04/15/13 Under Contract -- -- --
02/25/2013 02/25/13 For Rent $535 -- --
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 $2,910 $24,941 -- --
2024 $2,787 $23,753 -- --
2023 $2,246 $22,622 $0 $0
2022 $2,246 $16,123 $0 $0
2021 $2,233 $14,624 $0 $0
2020 $2,165 $22,387 $0 $0
2019 $2,136 $19,865 $0 $0
2018 $2,089 $12,633 $0 $0
2017 $2,078 $12,633 $0 $0
2016 $2,024 $12,031 $0 $0
2015 $1,964 $11,458 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Paula Margerum

    New Concept

    (928) 277-7270

    1 in this area

    37 Total Sales

    Paula Margerum
    Section Image
  • Daniel Martell

    Buyer's Agent in 2021

    Daniel Martell

    Tierra Antigua Realty

    (520) 603-5066

    1 in this area

    11 Total Sales

    Daniel Martell
    Section Image

  • t

    Buyer's Agent in 2021

    tar.rets.56841

    tar.rets.RETS_OFFICE

  • C

    Seller's Agent in 2014

    Cameron Davidson

    Imagine Realty Services

  • C

    Seller Co-Listing Agent in 2014

    Christin Guy

    Imagine Realty Services

  • G

    Seller's Agent in 2013

    Gloria Granillo

    Imagine Realty Services

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 22106655

MLS of Southern Arizona

APN: 117-06-0090

Arizona Pima County Tucson 85705 Iron Horse

616 E 8th St, Tucson, AZ

Not Listed for Sale

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