NOT LISTED FOR SALE

1005 E 8th St Unit 2001 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $397,000 - $453,000

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

Last Sold September 25, 2020

Last sale price $295,000 $244 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,556/month

37 Days on Market

Highlights

  • Fitness Center
  • Granite Countertops
  • Eat-In Kitchen
  • Gated Community
  • Community Pool
  • Tile Flooring

About This Home

As of September 2020

Location, Location, Location And Just Steps Away From ASU & Light Rail. Great Income Property. This El Adobe Condominium Is A Contemporary Style 3 Bedroom, 2 Bath Unit With A Breakfast Bar Kitchen that Includes Slab Granite, Covered Patio Deck, Stack Washer/Dryer & More. ALL TILE! El Adobe Condominiums Is A Gated Community With A Swimming Pool, Spa, Picnic & Gas Grill Area. Walking Distance To ASU, Light Rail Stop, Mill Avenue And Many Restaurants! It's Also Just Around A Mile From Both The 101 And 202 Freeways, And Under 10 Minutes From Phoenix Sky Harbor Airport.

Last Agent to Sell the Property

Padmaja Narla

Lotus Real Estate License #SA668585000 Listed on: 07/12/2020

Co-Listed By

Venkata Narla

Lotus Real Estate License #BR548234000

Last Buyer's Agent

Jennie Joles

Keller Williams Arizona Realty License #SA685995000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,623

Year Built

  • Built in 2002

Lot Details

  • 1,307

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
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Home Security

Parking

  • 1 Open Parking Space
  • Common or Shared Parking

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating Available

Listing and Financial Details

  • Tax Lot 2001
  • Assessor Parcel Number 132-73-361

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: East On University, South On Dorsey, West On 8th To Property
  • Property Sub Type: Apartment Style/Flat
  • Horses: No
  • Lot Size Acres: 0.03
  • Co List Office Mls Id: lotu001
  • Co List Office Phone: 602-773-1259
  • Subdivision Name: EL ADOBE CONDOMINIUMS
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 235.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Fire Sprinklers, Pantry, Full Bth Master Bdrm, 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:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Stone, Block, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

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

Utilities

  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • 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 #: 132-73-361
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1623.0
  • Tax Book Number: 132.00
  • Tax Lot: 2001
  • Tax Map Number: 73.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2020
Closed on
Sep 10, 2020
Sold by
Gupta Anil and Gupta Greeta
Bought by
Mckenna Hector R
Seller's Agent
Padmaja Narla
Lotus Real Estate
Buyer's Agent
Jennie Joles
Keller Williams Arizona Realty
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%
Total Days on Market
37
Current Estimated Value
$392,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,422
Avg. Annual Appreciation
7.43%
Original Mortgage
$280,000
Outstanding Balance
$251,286
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$162,703

Purchase Details

Closed on
Dec 21, 2009
Sold by
Cwh Real Estate Investments Llc
Bought by
Gupta Anil and Gupta Geeta
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
Mckenna Hector R $295,000 Chicago Title Agency
Gupta Anil $133,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckenna Hector R $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $295,000 -1.6% $244 / Sq Ft
08/06/2020 08/06/20 Price Changed $299,900 -4.8% $248 / Sq Ft
07/11/2020 07/11/20 For Sale $315,000 -- $261 / 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 $1,545 $15,957 -- --
2024 $1,526 $15,197 -- --
2023 $1,526 $29,930 $5,980 $23,950
2022 $1,458 $22,910 $4,580 $18,330
2021 $1,486 $21,630 $4,320 $17,310
2020 $1,654 $20,310 $4,060 $16,250
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: 6102267

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-361