NOT LISTED FOR SALE

1002 S Mariana St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $422,211 - $1,046,000

-- Bed
-- Bath
1,620 Sq Ft
$496/Sq Ft Est. Value

Last Sold October 14, 2015

Last sale price $205,000 $127 Per Sq Ft

Est. 292% increase in value since last sale

Current estimated payment $4,575/month

15 Days on Market

About This Home

As of October 2015

WOW!!!The seller is motivated and it's in Tempe!!! This property currently has one vacant unit 1 leased at 425,475,450. Other unit will be rented soon. This property is all block construction and very low costs to maintain. Roof has just been rolled again and all units have tile. This is great rental and nice and close to ASU and the light rail. Seller is selling at loss so grab this one before it's gone!!! All facts and figures are approximate buyer verify MLS info.

Last Listed By

Sophia Baron

Grace CRE License #BR648866000 Listed on: 08/28/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,268

Year Built

  • Built in 1962

Lot Details

  • 8,799

Home Design

  • Brick Exterior Construction
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 132-72-109

Community Details

Overview

  • 4 Units
  • Building Dimensions are -

Building Details

  • Operating Expense $7,731
  • Gross Income $21,660
  • Net Operating Income $15,197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,268

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: University Dr & Rural Rd
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2014
  • Directions: Head E on University Dr Turn Left onto S Dorsey Ln Turn Right onto E Orange St Turn Left onto S Mariana St
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: See Remarks, Other
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1500.0

Lot Info

  • Lot Size: -
  • Additional Parcels: No
  • Parcel #: 132-72-109

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 21660.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 15197.0
  • Annual Operating Expense: 7731.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1268.0
  • Tax Book Number: 132.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2016
Sold by
Chrisopoulos Emanuel and Chrisopoulos Carol K
Bought by
924 Properties Llc
Total Days on Market
15
Current Estimated Value
$803,803

Purchase Details

Listed on
Aug 28, 2015
Closed on
Oct 9, 2015
Sold by
Arnold Bruce and Arnold Sara
Bought by
The Arnold Trust
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.28%
Original Mortgage
$153,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2008
Sold by
Arnold Sara
Bought by
Arnold Bruce and Arnold Sara

Purchase Details

Closed on
Apr 18, 2008
Sold by
Ez Homes Inc
Bought by
Arnold Sara

Purchase Details

Closed on
Apr 17, 2008
Sold by
Schwartz Ronald and Bankunited Fsb
Bought by
Easy Homes

Purchase Details

Closed on
Aug 1, 2006
Sold by
Schwartz Stephanie
Bought by
Schwartz Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 30, 2006
Sold by
Schwartz Ronald
Bought by
Campus Towers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 7, 2006
Sold by
Campus Towers Llc
Bought by
Schwartz Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 6, 2006
Sold by
Entrust Arizona
Bought by
Campus Towers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2005
Sold by
Islington Investments Llc
Bought by
Entrust Arizona

Range of Values:

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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
924 Properties Llc -- Accommodation
The Arnold Trust -- First Arizona Title Agency
Chrisopoulos Emanuel $205,000 First Arizona Title Agency
Arnold Bruce -- None Available
Arnold Sara -- None Available
Easy Homes $193,000 None Available
Schwartz Ronald -- Capital Title Agency Inc
Campus Towers Llc -- Tsa Title Agency
Schwartz Ronald -- Capital Title Agency Inc
Campus Towers Llc $625,000 Tsa Title Agency
Entrust Arizona $309,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chrisopoulos Emanuel $153,750
Previous Owner Schwartz Ronald $356,250
Previous Owner Campus Towers Llc $268,750
Previous Owner Campus Towers Llc $625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2015 10/14/15 Sold $205,000 -2.4% $127 / Sq Ft
09/12/2015 09/12/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $210,000 -- $130 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,176 $10,496 -- --
2024 $1,162 $9,996 -- --
2023 $1,162 $54,660 $10,930 $43,730
2022 $1,114 $42,560 $8,510 $34,050
2021 $1,122 $35,500 $7,100 $28,400
2020 $1,088 $29,170 $5,830 $23,340
2019 $1,067 $22,200 $4,440 $17,760
2018 $1,041 $16,450 $3,290 $13,160
2017 $1,010 $15,520 $3,100 $12,420
2016 $1,003 $14,220 $2,840 $11,380
2015 $963 $14,110 $2,820 $11,290
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2015

    Sophia Baron

    Grace CRE

    (480) 375-0227

    4 in this area

    100 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5326989

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-172

Arizona Maricopa County Tempe 85281 Downtown Tempe

1002 S Mariana St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1002 S Mariana St, Tempe, AZ 85281 since 28 August 2015 and is currently estimated at $803,803, approximately $496 per square foot. This property was built in 1962. 1002 S Mariana St is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and New School for the Arts & Academics.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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