NOT LISTED FOR SALE

731 E 5th St Tucson, AZ 85719

West University Neighborhood

Estimated Value: $479,000 - $644,000

-- Bed
-- Bath
2,711 Sq Ft
$205/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $269,000 $99 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,129/month

138 Days on Market

About This Home

As of May 2014

This WEst University property nearly borders the University, and easy walking distance to campus and Streetcar. The main home has two (2) apartments, a 2bd/1ba w/dean (1058/SF) and 1bd/1ba (500/SF) with full kitchen. There are 2 detached houses to the rear of the property, each one is a 1bd/1ba with fireplace int he living room. the 2 bd apartment in the main house has a laundry hookup and all units are separately metered for gas and electric. There are 5 off-street parking spaces. 3 units currently leased through June & July 2014. Two Owners licensed real estate agents in State of AZ.

Last Agent to Sell the Property

Kristy Kelley

Long Realty Listed on: 01/11/2014

Last Buyer's Agent

Johnny Coate

Keller Williams Southern Arizona

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,444

Year Built

  • Built in 1921

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • 2,711 Sq Ft Home
  • Quadruplex
  • Masonry

Utilities

  • Central Air
  • Evaporated cooling system

Listing and Financial Details

  • $2,400 special tax assessment

Community Details

Overview

  • Buells Add Subdivision

Building Details

  • Gross Income $30,495
  • Net Operating Income $28,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,444

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: Quadruplex
  • Legal Description: BUELLS LOT 6 BLOCK 9
  • List Price per Sq Ft: 103.25
  • Miscellaneous Package Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Gross Sq Ft: 2711.00

Exterior Features

  • Construction: Masonry Stucco

Utilities

  • Water: Public
  • Fire Protection: Included in Taxes
  • Main Cooling: Central Air, Evaporative Cooling
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • Community: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 2400.00

Lot Info

  • Lot Acres: 0.22
  • Lot Dimensions: IRREGULAR
  • Lot Size Price Sq Ft: 29.21
  • Lot Sq Ft: 9583.00
  • Municipality Zoning: Tucson - HR3

Building Info

  • Year Built: 1921

Tax Info

  • Tax Code: 124-05-0900
  • Taxes: 2443.54
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2014
Closed on
May 22, 2014
Sold by
Clark Mark and Brong Stephen
Bought by
Torchin Roderick R
Seller's Agent
Kristy Kelley
Long Realty
Buyer's Agent
Johnny Coate
Keller Williams Southern Arizona
List Price
$269,000
Sold Price
$269,000
Current Estimated Value
$554,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,658
Avg. Annual Appreciation
6.44%

Purchase Details

Closed on
Mar 19, 2013
Sold by
Clark Mark T and Brong Stephen
Bought by
Clark Mark T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,900
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2005
Sold by
Pattymark Llc
Bought by
Clark Mark T and Brong Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2004
Sold by
Rapp Jeffrey Guy and Rapp Diedre Avon
Bought by
Hovda Norman T and Hovda Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1996
Sold by
Ollason Lawrence and Ollason Marcha
Bought by
Rapp Jeffrey Guy and Rapp Diedre Avon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
8.18%
Mortgage Type
Seller Take Back
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
Torchin Roderick R $269,000 Catalina Title Agency
Hovda Patricia -- Catalina Title Agency
Clark Mark T -- Lsi Title Agency Inc
Clark Mark T -- Long Title Agency
Hovda Norman T $300,000 Long Title Agency
Hovda Norman T $300,000 Long Title Agency
Rapp Jeffrey Guy $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clark Mark T $273,900
Previous Owner Clark Mark T $304,000
Previous Owner Hovda Norman T $240,000
Previous Owner Rapp Jeffrey Guy $158,000
Closed Hovda Norman T $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $269,000 0.0% $99 / Sq Ft
04/30/2014 04/30/14 Pending -- -- --
01/11/2014 01/11/14 For Sale $269,000 -- $99 / 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 $2,785 $21,055 -- --
2024 $2,519 $20,052 -- --
2023 $2,519 $19,098 -- --
2022 $2,533 $18,188 $0 $0
2021 $2,519 $16,497 $0 $0
2020 $2,442 $21,118 $0 $0
2019 $2,410 $27,936 $0 $0
2018 $2,357 $14,251 $0 $0
2017 $2,344 $14,251 $0 $0
2016 $2,293 $13,572 $0 $0
2015 $2,220 $12,926 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kristy Kelley

    Long Realty

  • J

    Buyer's Agent in 2014

    Johnny Coate

    Keller Williams Southern Arizona

See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21401226

MLS of Southern Arizona

APN: 124-05-0900

Arizona Pima County Tucson 85719 West University

731 E 5th St, Tucson, AZ

Not Listed for Sale

MultiFamily

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