NOT LISTED FOR SALE

840 E Elm St Tucson, AZ 85719

North University Neighborhood

Estimated Value: $477,000 - $546,000

3 Beds
4 Baths
1,860 Sq Ft
$276/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $240,000 $129 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,914/month

41 Days on Market

Highlights

  • RV Parking in Community
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Ranch Style House
  • Circular Driveway
  • Walk-In Closet

About This Home

As of December 2018

Very clean tri-plex that is an in demand rental. Close proximity to U of A. Consistently rented. Excellent price for investment. All 3 units have a backyard as well as off street parking. Consists of a two bedroom unit, a one bedroom and a studio. Shown by appt only with 48 hours notice. Please do not disturb tenants.

Last Agent to Sell the Property

Jolene Neubaum

Coldwell Banker Realty License #BR006632000 Listed on: 10/02/2018

Coldwell Banker Realty

Co-Listed By

Rick Syres

Coldwell Banker Realty

Last Buyer's Agent

Robert Bobby Riv Burchette

Tierra Antigua Realty

Tierra Antigua Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,107

Year Built

  • Built in 1954

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75' x 150'
  • Property fronts an alley
  • Wood Fence
  • Chain Link Fence
  • Landscaped with Trees

Home Design

  • Triplex
  • Ranch Style House
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,860 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Parking

  • 8 Parking Spaces
  • Circular Driveway
  • Gravel Driveway

Schools

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

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Phone Available

Additional Features

  • North or South Exposure
  • Covered Patio or Porch
  • Ground Level

Listing and Financial Details

  • $2,107 special tax assessment

Community Details

Overview

  • University Home Addition Subdivision
  • RV Parking in Community

Amenities

  • No Laundry Facilities

Building Details

  • Insurance Expense $800
  • Water Sewer Expense $1,980
  • Gross Income $20,880
  • Net Operating Income $15,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,107

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • Dwelling Type: 3 Plex
  • Style: Ranch
  • Technology: Telephone
  • Accessibility Options: None
  • Legal Description: FRom Parcel: 001010010/University Home lot 3 & W2 of lot 2 Blk 5
  • Attached Detached: Attached
  • List Price per Sq Ft: 132.80
  • Subdivision Restrict C C And Rs: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Smoke Detector, Split Bedroom Plan, Walk In Closets
  • Floor Covering Other: Laminate
  • Window Coverings: Stay
  • Floor Covering: Carpet, Ceramic Tile
  • Gross Sq Ft: 1860.00
  • Bathroom Features: None
  • Breakfast: None
  • Dining Areas: Eat-In Kitchen
  • Dining Room: None
  • Kitchen Features Appliance Color: White
  • Living Areas: Living Room
  • Laundry: None
  • Extra Room: None
  • Kitchen Features: Electric Range, Gas Range, Refrigerator

Exterior Features

  • Construction: Brick, Frame
  • Construction Status: Existing
  • Driveway Paved: Gravel
  • F E M A Flood Zone: No
  • Fence: Chain Link, Wood
  • Landscape Front: Decorative Gravel, Trees
  • Landscape Rear: Trees
  • Patio Deck: Covered
  • Pool: None
  • Road Maintenance: City
  • Roof: Rolled, Shingle
  • Spa: None
  • View: None
  • Exterior Feature: None

Garage/Parking

  • Driveway: Circular, To Property Line
  • Rv Parking: Space Available
  • Total Parking: 8

Utilities

  • Water: City Water
  • Water Heater: Natural Gas
  • Electric Electric Company: TEP
  • Fire Protection: Included in Taxes
  • Gas Company: Natural
  • Main Cooling: Central Air, Wall Unit(s)
  • Main Cooling Other: AZ Window
  • Main Heating: Gas Pac
  • Security: None
  • Sewer: Connected

Condo/Co-op/Association

  • HOA: No
  • Community: None

Association/Amenities

  • Senior Community: No
  • Deed Restrictions: No
  • Neighborhood Features: None

Fee Information

  • Expenses Figures Presented: Proforma
  • Expenses Taxes Assessments: 2107.00

Lot Info

  • Property Group ID: 19990816212116581394000000
  • Horse Facilities: No
  • Horse Property: No
  • Lot Acres: 0.26
  • Lot Dimensions: 75' x 150'
  • Lot Features: Adjacent to Alley, North/South Exposure, Subdivided
  • Lot Size Price Sq Ft: 21.81
  • Lot Sq Ft: 11326.00
  • Lot Sz Sold Prc Sq Ft: 21.19
  • Municipality Zoning: Tucson - R2
  • Municipal Flood Zone: No

Building Info

  • Year Built: 1954

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 Sewer: Owner
  • Utilities Paid Taxes: Owner
  • Utilities Paid Trash: Owner
  • Utilities Paid Water: Owner

Tax Info

  • Tax Code: 123-15-0400
  • Taxes: 2107.13
  • Tax Year: 2018
  • Taxes For: Dwelling & Land

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2018
Closed on
Dec 10, 2018
Sold by
Hammack Billy
Bought by
Bellini Jonathan and Chavez Yovannah
Seller's Agent
Jolene Neubaum
Coldwell Banker Realty
Buyer's Agent
Robert Bobby Riv Burchette
Tierra Antigua Realty
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$513,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,908
Avg. Annual Appreciation
11.53%
Original Mortgage
$180,000
Outstanding Balance
$114,649
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$399,259
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
Bellini Jonathan $240,000 Title Security Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bellini Jonathan $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $240,000 0.0% $129 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $240,000 -- $129 / 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 $2,490 $18,823 -- --
2024 $2,389 $17,927 -- --
2023 $2,265 $17,073 $0 $0
2022 $2,265 $16,260 $0 $0
2021 $2,252 $14,748 $0 $0
2020 $2,183 $15,790 $0 $0
2019 $2,154 $15,677 $0 $0
2018 $2,107 $12,740 $0 $0
2017 $2,095 $12,740 $0 $0
2016 $2,030 $12,133 $0 $0
2015 $1,970 $11,556 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jolene Neubaum

    Coldwell Banker Realty

    (520) 577-7433

    26 Total Sales

    Jolene Neubaum
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Rick Syres

    Coldwell Banker Realty

    Section Image

  • M

    Buyer Co-Listing Agent in 2018

    Michael Rapp

    Tierra Antigua Realty

    Section Image
See All Agents

Map

Source: MLS of Southern Arizona

MLS Number: 21826684

MLS of Southern Arizona

APN: 123-15-0400

Arizona Pima County Tucson 85719 North University

840 E Elm St, Tucson, AZ

Not Listed for Sale

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