NOT LISTED FOR SALE

720 E Lester St Tucson, AZ 85719

Jefferson Park Neighborhood

Estimated Value: $373,000 - $2,928,000

0.41 Acre
$3,710,695 Price per Acre
17,860 Sq Ft Lot

Last Sold August 14, 2013

Last sale price $235,000 $13 Per Sq Ft

Est. 547% increase in value since last sale

Current estimated payment $8,777/month

143 Days on Market

About This Lot

As of August 2013

Fully paved C1 zoned lot. Have full architectural plans for 11 unit apartments (need to be re-submitted to City of Tucson). Included concrete block storage building. Will also lease for $1500 per month. Owner/agents.

Last Agent to Sell the Property

Steve Denny

Spring Mill Properties, Inc. Listed on: 01/25/2013

Co-Listed By

Thomas Garcia

D-M Realty II, LLC

Last Buyer's Agent

Jarrett Reidhead

Tucson Integrity Realty, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,064

Lot Details

  • 0.41 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Subdivision Possible
  • Property is zoned Tucson - C1

Property Views

  • Mountain Views

Schools

  • Blenman Elementary School
  • Doolen Middle School
  • Catalina High School

Community Details

  • Biltmore Resub Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,064

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Legal Description: BILTMORE RESUB LOT 5 & W39.50' LOT 4 & E30.68' M/L LOTS 6 7 & 8 BLK 10
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fence: None
  • Road Maintenance: City
  • View: Mountain(s)

Utilities

  • Electric: Electric Company
  • Fire Protection: Included in Taxes
  • Electric Location: Available
  • Gas Location: Available
  • Sewer Location: Available
  • Water Location: Available

Condo/Co-op/Association

  • Community: None

Association/Amenities

  • Neighborhood Features: Legal Access, Paved Street

Lot Info

  • Property Group ID: 19990816212131825981000000
  • Lot Acres: 0.41
  • Lot Dimensions: Approx. 150' x 119'
  • Lot Features: Dividable Lot
  • Lot Sq Ft: 17874.00
  • Municipality Zoning: Tucson - C1
  • Lot Features Topography: Flat
  • Lot Sz Price Acre: 670731.71
  • Lot Sz Sold Prc Acre: 573170.73
  • Property Use Type: Retail

Tax Info

  • Tax Code: 123-14-138C
  • Taxes: 1064.41
  • Tax Year: 2012

MLS Schools

  • Middle School: Doolen
  • Elementary School: Blenman
  • High School: Catalina
  • School District: TUSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2016
Sold by
720 E Lester St Llc
Bought by
Reeve Donald R
Current Estimated Value
$1,521,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$912,000
Outstanding Balance
$726,021
Interest Rate
3.41%
Mortgage Type
Commercial
Estimated Equity
$795,364

Purchase Details

Closed on
May 28, 2014
Sold by
Pinnacle Realty Investors Llc
Bought by
720 E Lester St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$791,250
Interest Rate
4.23%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 12, 2013
Sold by
846 Waverly Street Llc
Bought by
Teufel Michael P

Purchase Details

Listed on
Jan 25, 2013
Closed on
Jul 31, 2013
Sold by
Hillcrest Llc
Bought by
Pinnacle Realty Investors Llc
Seller's Agent
Steve Denny
Spring Mill Properties, Inc.
Buyer's Agent
Jarrett Reidhead
Tucson Integrity Realty, LLC
List Price
$235,000
Sold Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.23%
Original Mortgage
$200,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2004
Sold by
Hillcrest Llc
Bought by
Hillcrest Llc
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
Reeve Donald R $1,400,000 Title Security Agency Llc
Reeve Donald R $1,400,000 Title Security Agency Llc
720 E Lester St Llc -- First American Title Ins Co
720 E Lester St Llc -- First American Title Ins Co
Teufel Michael P -- None Available
Pinnacle Realty Investors Llc $230,000 First American Title Ins Co
Pinnacle Realty Investors Llc $230,000 First American Title Ins Co
Hillcrest Llc -- --
Hillcrest Llc -- --
Hillcrest Llc -- --
Hillcrest Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeve Donald R $912,000
Closed Reeve Donald R $912,000
Previous Owner 720 E Lester St Llc $791,250
Previous Owner Pinnacle Realty Investors Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2013 08/14/13 Sold $235,000 0.0% $13 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $235,000 -- $13 / 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 $9,868 $74,604 -- --
2024 $9,467 $71,052 -- --
2023 $8,932 $67,668 $0 $0
2022 $8,976 $64,446 $0 $0
2021 $8,924 $58,454 $0 $0
2020 $8,653 $58,454 $0 $0
2019 $8,583 $55,959 $0 $0
2018 $8,740 $53,827 $0 $0
2017 $8,853 $53,827 $0 $0
2016 $8,594 $51,541 $0 $0
2015 $8,344 $7,267 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steve Denny

    Spring Mill Properties, Inc.

    (520) 896-7458

    4 Total Sales

    Steve Denny
    Section Image

  • T

    Seller Co-Listing Agent in 2013

    Thomas Garcia

    D-M Realty II, LLC

  • J

    Buyer's Agent in 2013

    Jarrett Reidhead

    Tucson Integrity Realty, LLC

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21302466

MLS of Southern Arizona

APN: 123-14-138C

Arizona Pima County Tucson 85719 Jefferson Park

720 E Lester St, Tucson, AZ

Not Listed for Sale

Lots

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