NOT LISTED FOR SALE

1005 E 8th St Unit 1010 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $398,000 - $448,000

4 Beds
2 Baths
1,209 Sq Ft
$235/mo HOA Fee

Last Sold January 08, 2021

Last sale price $320,000 $265 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,698/month

109 Days on Market

Highlights

  • Fitness Center
  • End Unit
  • Community Pool
  • Gated Community
  • Granite Countertops
  • Covered patio or porch

About This Home

As of January 2021

Great, freshly painted condo with 4 bedrooms, 2 baths near the ASU campus on 8th St for convenient light rail access. Makes a great investment condo for student rental in Tempe. Also close to Tempe Town Lake, local freeways and the airport. Inside laundry with a stacked washer and dryer and all appliances. Gated community with a nice ramada area, bbq area and a community swimming pool and spa.

Last Agent to Sell the Property

Chad Hagenson

Denali Real Estate, LLC Brokerage Email: connectcooper@gmail.com License #SA511594000 Listed on: 08/28/2020

Last Buyer's Agent

Mark Smith

Sloan Realty Associates License #SA504668000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,623

Year Built

  • Built in 2002

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $235 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 1,209 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

Parking

  • 1 Open Parking Space
  • Common or Shared Parking
  • Unassigned Parking

Outdoor Features

  • Covered patio or porch

Location

  • Unit is below another unit
  • Property is near a bus stop

Schools

  • Cecil Shamley Elementary School
  • Mckemy Middle School
  • Mcclintock High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1010
  • Assessor Parcel Number 132-73-358

Community Details

Overview

  • Association fees include ground maintenance, street maintenance, front yard maint
  • Metro Property Svcs Association, Phone Number (480) 967-7182
  • El Adobe Condominiums Subdivision

Recreation

  • Fitness Center
  • Community Pool

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,623

Year Built

Built in 2002

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Cross Street: Rural & University
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 235.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Tax Year: 2019
  • Directions: s to 8th st, e to complex on the right
  • Attribution Contact: connectcooper@gmail.com
  • Property Sub Type: Apartment Style/Flat
  • Horses: No
  • Lot Size Acres: 0.03
  • Subdivision Name: EL ADOBE CONDOMINIUMS
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 235.0
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Fire Sprinklers, Pantry, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1209.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Covered Patio(s), Patio
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, Neighbor Above, End Unit
  • Construction Type: Painted, Stucco, Stone, Block, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Parking Features: Unassigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Parking Features:Unassigned Parking: Yes
  • Parking Features:Common: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Pool, Near Bus Stop, Fitness Center
  • Amenities: Rental OK (See Rmks)
  • Association Fee: 235.0
  • Association Fee Frequency: Monthly
  • Association Name: El Adobe
  • Phone: 480-967-7182
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 470.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: El Adobe
  • Association Fees:HOA Telephone4: 480-967-7182
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 440.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Metro Property Svcs
  • Association Fees:HOA Management Phone: 480-967-7182
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Front Yard Maint

Schools

  • Elementary School: Cecil Shamley School
  • High School: McClintock High School
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1208.0
  • Parcel #: 132-73-358
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 1623.0
  • Tax Book Number: 132.00
  • Tax Lot: 1010
  • Tax Map Number: 73.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Jan 8, 2021
Sold by
Chang Shuai
Bought by
Pagel Larry F and Edwards Pagel Jacqueline
Seller's Agent
Chad Hagenson
Denali Real Estate, LLC
Buyer's Agent
Mark Smith
Sloan Realty Associates
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%
Total Days on Market
109
Current Estimated Value
$414,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,191
Avg. Annual Appreciation
6.02%
Original Mortgage
$240,000
Outstanding Balance
$216,604
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$198,164

Purchase Details

Listed on
Aug 16, 2013
Closed on
Feb 12, 2014
Sold by
Gau Huiqin
Bought by
Chang Shuai
Seller's Agent
Ted Harden
HomeSmart
Buyer's Agent
Chad Hagenson
Denali Real Estate, LLC
List Price
$240,000
Sold Price
$197,000
Premium/Discount to List
-$43,000
-17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$157,600
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2013
Closed on
Jan 29, 2014
Sold by
Paulson Mark R and Paulson Susan P
Bought by
Chang Shuai
Seller's Agent
Ted Harden
HomeSmart
Buyer's Agent
Chad Hagenson
Denali Real Estate, LLC
List Price
$240,000
Sold Price
$197,000
Premium/Discount to List
-$43,000
-17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2009
Sold by
Cwh Real Estate Investments Llc
Bought by
Paulson Mark R and Paulson Susan P
Source: Public Records

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Range of Values:

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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
Pagel Larry F $320,000 Fidelity Natl Ttl Agcy Inc
Chang Shuai -- American Title Service Agenc
Chang Shuai $197,000 American Title Service Agenc
Paulson Mark R $123,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pagel Larry F $240,000
Previous Owner Chang Shuai $157,600
Previous Owner Chang Shuai $157,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $320,000 0.0% $265 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
11/27/2020 11/27/20 Price Changed $320,000 -3.0% $265 / Sq Ft
09/08/2020 09/08/20 Price Changed $330,000 -5.7% $273 / Sq Ft
08/27/2020 08/27/20 For Sale $350,000 +77.7% $289 / Sq Ft
02/13/2014 02/13/14 Sold $197,000 -5.3% $163 / Sq Ft
01/06/2014 01/06/14 Pending -- -- --
11/19/2013 11/19/13 Price Changed $208,000 -5.5% $172 / Sq Ft
10/07/2013 10/07/13 Price Changed $220,000 -6.4% $182 / Sq Ft
09/09/2013 09/09/13 Price Changed $235,000 -2.1% $194 / Sq Ft
08/16/2013 08/16/13 For Sale $240,000 -- $199 / 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 $1,787 $15,957 -- --
2024 $1,766 $15,197 -- --
2023 $1,766 $30,480 $6,090 $24,390
2022 $1,694 $23,150 $4,630 $18,520
2021 $1,706 $22,100 $4,420 $17,680
2020 $1,654 $20,750 $4,150 $16,600
2019 $1,623 $18,780 $3,750 $15,030
2018 $1,582 $17,320 $3,460 $13,860
2017 $1,535 $15,800 $3,160 $12,640
2016 $1,524 $14,880 $2,970 $11,910
2015 $1,464 $13,130 $2,620 $10,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6123628

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-358