NOT LISTED FOR SALE

834 E Lee St Tucson, AZ 85719

North University Neighborhood

Estimated Value: $393,000 - $406,000

Studio
2 Baths
1,898 Sq Ft
$210/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $295,500 $156 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,292/month

107 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Breakfast Bar
  • Secondary bathroom tub or shower combo
  • Family Room Off Kitchen
  • Living Room

About This Home

As of March 2022

GREAT LOCATION within walking distance to UofA and Banner Hospital. Main house is 2BD 2BA 872 Sqft, built in 1938. Newer stove, refrigerator & window AC units, updated electrical, tile thru out, wall heater, 2 parking (1 covered) spaces + street parking. Duplex in back is 1BD 1BA, approx. 500 Sqft each built in 1948, updated 8-10 years ago. 1 unit has evap cooling, other unit is wall AC. Both have tiled showers. 4 parking spaces in alley right behind duplex. Great rental history for all units. Property is sold AS IS.

Last Agent to Sell the Property

Amy Jo Stonemetz

eXp Realty Listed on: 02/21/2022

Last Buyer's Agent

Amy Jo Stonemetz

Quest Management Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 43 Sq Ft Lot
  • Property fronts an alley
  • Wood Fence
  • Chain Link Fence

Home Design

  • Triplex
  • Bungalow
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Block And Stucco Construction
  • Lead Paint Disclosure

Interior Spaces

  • 1,898 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Area
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Bar
  • Gas Range

Bedrooms and Bathrooms

  • Dual Sinks
  • Bathtub and Shower Combination in Primary Bathroom
  • Secondary bathroom tub or shower combo

Home Security

  • Window Bars
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Driveway
  • RV Access or Parking

Schools

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

Utilities

  • Refrigerated and Evaporative Cooling System
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Shed
  • Ground Level

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Amenities

  • No Laundry Facilities

Building Details

  • Gross Income $1,875
  • Net Operating Income $1,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Unit Info Average Monthly Rent One Bedroom: 550.0
  • Unit Info Average Monthly Rent Two Bedroom: 800.0
  • Horses: No
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • CapRate: 0.63
  • Co List Office Mls Id: 4952
  • Subdivision Name: University Home Addition
  • General Property Information: List Price/SqFt: 173.34
  • General Property Information: Lot Size Price/SqFt: 43.91
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar
  • Kitchen Features Appliance Color: Other
  • Appliances: Double Sink, Gas Range, Refrigerator

Exterior Features

  • Roof: Shingle
  • View: None
  • Construction Type: Concrete Block, Wood Frame, Stucco Finish
  • Other Structures: Shed(s)
  • Patio And Porch Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: None
  • Cooling: Evaporative Cooling, Window Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Proforma

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Doolen

Lot Info

  • Lot Features: Adjacent to Alley, North/South Exposure
  • Lot Size Sq Ft: 43.0
  • Zoning: Tucson - NR2

Building Info

  • Year Built: 1938

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 1875.0
  • Property Net Operating Income: 1875.0

MLS Schools

  • Elementary School: Blenman
  • High School: Catalina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 21, 2022
Sold by
Burch Frank K and Burch Patricia A
Bought by
Claassen Holdings Llc
Seller's Agent
Amy Jo Stonemetz
eXp Realty
Buyer's Agent
Amy Jo Stonemetz
Quest Management Corporation
List Price
$329,000
Sold Price
$295,500
Premium/Discount to List
-$33,500
-10.18%
Current Estimated Value
$399,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,000
Avg. Annual Appreciation
8.17%
Original Mortgage
$280,000
Outstanding Balance
$258,975
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$140,525

Purchase Details

Closed on
Sep 15, 2003
Sold by
Burch Frank K and Burch Patricia A
Bought by
Burch Frank K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 1999
Sold by
Morales Albert J and Morales Evelyn F
Bought by
Morales Albert J

Purchase Details

Closed on
Aug 11, 1999
Sold by
Lowe Perry A and Lowe Michelle
Bought by
Burch Frank K and Burch Pattie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
8.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Claassen Holdings Llc $295,500 Title Security Agency
Claassen Holdings Llc $295,500 Title Security Agency
Claassen Holdings Llc $295,500 Title Security Agency
Burch Frank K -- --
Burch Frank K -- --
Morales Albert J -- --
Burch Frank K $18,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claassen Holdings Llc $280,000
Closed Claassen Holdings Llc $280,000
Previous Owner Burch Frank K $91,000
Previous Owner Burch Frank K $54,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2022 03/25/22 Sold $295,500 +37069.8% $156 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
01/01/2022 01/01/22 Rented $795 0.0% --
12/07/2021 12/07/21 Under Contract -- -- --
12/02/2021 12/02/21 For Rent $795 0.0% --
12/01/2021 12/01/21 For Sale $329,000 0.0% $173 / Sq Ft
12/28/2018 12/28/18 Rented $750 0.0% --
11/28/2018 11/28/18 Under Contract -- -- --
08/07/2017 08/07/17 For Rent $750 -- --
Source: MLS of Southern Arizona

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 $2,555 $20,282 -- --
2025 $2,555 $19,316 -- --
2024 $2,311 $18,396 -- --
2023 $2,311 $17,520 -- --
2022 $2,324 $16,686 $0 $0
2021 $2,311 $15,135 $0 $0
2020 $2,240 $15,857 $0 $0
2019 $2,211 $15,762 $0 $0
2018 $2,162 $13,074 $0 $0
2017 $2,150 $13,074 $0 $0
2016 $2,118 $12,451 $0 $0
2015 $2,062 $11,858 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Amy Jo Stonemetz

    eXp Realty

  • R

    Seller's Agent in 2022

    Rob Alvarez

    Keller Williams Southern Arizona

    (520) 886-8282

    76 Total Sales

    Rob Alvarez
    Section Image

  • T

    Seller Co-Listing Agent in 2022

    Theodore Palting

    Keller Williams Southern Arizona

  • R

    Buyer Co-Listing Agent in 2022

    Robin Alvarez

    Ochoa Realty & Property Management

  • t

    Buyer Co-Listing Agent in 2022

    tar.rets.25319

    tar.rets.RETS_OFFICE

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Map

Source: MLS of Southern Arizona

MLS Number: 22130524

MLS of Southern Arizona

APN: 123-15-0860

Arizona Pima County Tucson 85719 North University

834 E Lee St, Tucson, AZ

Not Listed for Sale

MultiFamily

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