NOT LISTED FOR SALE

1008 S Mariana St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $674,000 - $1,064,000

-- Bed
-- Bath
1,620 Sq Ft
$518/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $475,000 $293 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,668/month

8 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of October 2018

This brick, garden-style building was just torn down to the studs & completely renovated in 2018 opening up the floorplan then finished with premium finishes. A+ Tempe location, walking distance to ASU & the light rail! Renovation for ALL units include all brand new electrical panels, electric wiring, receptacles/ switches, new roof, all new HVAC systems, new energy efficient dual pane windows, front doors plus security doors, stainless steel appliances, white shaker cabinets, quartz countertops, wood-look tile floors, bathtubs, tile surround, ceiling fans, lighting interior and exterior, plumbing fixtures, hot water tank and more! Renovation was completed by a licensed contractor & permitted by the city of Tempe. Could be a great Airbnb. No HOA. Don't miss this one!

Last Agent to Sell the Property

Joshua Roubal

Dwellings Realty Group License #SA555438000 Listed on: 09/08/2018

Co-Listed By

Steven Rundle

Dwellings Realty Group License #BR536790000

Last Buyer's Agent

Bob Dickinson

RETSY License #SA523207000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1962

Lot Details

  • 8,843

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Broadmor Elementary School
  • Mcclintock High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 132-73-171

Community Details

Overview

  • 4 Units
  • Building Dimensions are 118*66
  • Mariana Park 2 Subdivision

Building Details

  • Operating Expense $7,581
  • Gross Income $38,160
  • Net Operating Income $30,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,001

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Rural & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2017
  • Directions: From University Dr, South on Dorsey Ln, West on Orange St, South on Mariana St.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2520.0
  • Co List Office Mls Id: dllg01
  • Co List Office Phone: 480-629-8136
  • Subdivision Name: MARIANA PARK 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • 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

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 360.0
  • Annual Water Sewer Expense: 2050.0

Schools

  • Elementary School: Broadmor Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 118*66
  • Additional Parcels: No
  • Parcel #: 132-73-171

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 38160.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 30579.0
  • Annual Operating Expense: 7581.0

Tax Info

  • Tax Annual Amount: 1001.0
  • Tax Book Number: 132.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2018
Closed on
Oct 11, 2018
Sold by
Invesource Llc
Bought by
Johnson Donald L and Johnson Kristin M
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
Bob Dickinson
RETSY
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$838,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,659
Avg. Annual Appreciation
8.64%
Original Mortgage
$356,250
Outstanding Balance
$311,944
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$526,715

Purchase Details

Listed on
Apr 3, 2017
Closed on
Aug 30, 2017
Sold by
Lsgm1007 Llc
Bought by
Invesource Llc
Seller's Agent
Andrew Engel
West USA Realty
Buyer's Agent
Joshua Roubal
Dwellings Realty Group
List Price
$319,000
Sold Price
$297,500
Premium/Discount to List
-$21,500
-6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.86%

Purchase Details

Closed on
Apr 7, 2009
Sold by
Lee Jeffrey T and Lee Pearl
Bought by
Lsgm1008 Llc

Purchase Details

Closed on
Jan 6, 2009
Sold by
Citi Mortgage Inc
Bought by
Lee Jeffry T and Lee Pearl

Purchase Details

Closed on
Jul 18, 2008
Sold by
Schwartz Ronald V and Schwartz Stephanie
Bought by
Citi Mortgage Inc

Purchase Details

Closed on
Apr 10, 2006
Sold by
Schwartz Stephanie
Bought by
Schwartz Ronald V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.29%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 30, 2006
Sold by
Schwartz Ronald V
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
$55,000
Interest Rate
6.29%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 5, 2005
Sold by
Islington Investment Llc
Bought by
Wilkerson Jennifer Harris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2005
Sold by
Wilkerson Gary
Bought by
Wilkerson Jennifer Harris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1997
Sold by
Osselaer Sharon E
Bought by
Sharon Osselaer Family Ltd Liability Par
Source: Public Records

Range of Values:

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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
Johnson Donald L $475,000 Driggs Title Agency Inc
Invesource Llc $595,000 Security Title Agency Inc
Lsgm1008 Llc -- None Available
Lee Jeffry T $155,000 First American Title Ins Co
Citi Mortgage Inc $258,627 First American Title
Schwartz Ronald V -- Tsa Title Agency
Campus Towers Llc -- Tsa Title Agency
Wilkerson Jennifer Harris $309,000 Capital Title Agency Inc
Wilkerson Jennifer Harris -- Capital Title Agency Inc
Sharon Osselaer Family Ltd Liability Par -- --
Osselaer Sharon E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Donald L $356,250
Previous Owner Campus Towers Llc $62,500
Previous Owner Schwartz Ronald $55,000
Previous Owner Schwartz Ronald $71,250
Previous Owner Wilkerson Jennifer Harris $247,200
Previous Owner Wilkerson Jennifer Harris $247,200
Closed Invesource Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $475,000 0.0% $293 / Sq Ft
09/08/2018 09/08/18 For Sale $475,000 +59.7% $293 / Sq Ft
09/07/2017 09/07/17 Sold $297,500 -6.7% $184 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $319,000 0.0% $197 / Sq Ft
08/22/2017 08/22/17 Price Changed $319,000 0.0% $197 / Sq Ft
07/29/2017 07/29/17 Pending -- -- --
04/03/2017 04/03/17 For Sale $319,000 -- $197 / 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 $1,179 $10,523 -- --
2024 $1,165 $10,022 -- --
2023 $1,165 $54,700 $10,940 $43,760
2022 $1,117 $42,600 $8,520 $34,080
2021 $1,125 $35,530 $7,100 $28,430
2020 $1,091 $29,210 $5,840 $23,370
2019 $1,070 $22,220 $4,440 $17,780
2018 $1,043 $16,450 $3,290 $13,160
2017 $1,012 $15,520 $3,100 $12,420
2016 $1,005 $14,230 $2,840 $11,390
2015 $965 $14,110 $2,820 $11,290
Source: Public Records

Agents Affiliated with this Home

  • Joshua Roubal

    Seller's Agent in 2018

    Joshua Roubal

    Dwellings Realty Group

    (480) 251-1765

    135 Total Sales

    Joshua Roubal
    Section Image
  • Steven Rundle

    Seller Co-Listing Agent in 2018

    Steven Rundle

    Dwellings Realty Group

    (480) 629-8136

    29 Total Sales

    Steven Rundle
    Section Image
  • Bob Dickinson

    Buyer's Agent in 2018

    Bob Dickinson

    RETSY

    (602) 527-8086

    71 Total Sales

    Bob Dickinson
    Section Image

  • R

    Buyer's Agent in 2018

    Robert Dickinson

    Nest Realty Phoenix

  • Andrew Engel

    Seller's Agent in 2017

    Andrew Engel

    West USA Realty

    (480) 299-3838

    23 Total Sales

    Andrew Engel
    Section Image
  • Robert Dishman

    Seller Co-Listing Agent in 2017

    Robert Dishman

    Ownit Realty

    (480) 217-9507

    1 in this area

    19 Total Sales

    Robert Dishman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5817658

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-171

Arizona Maricopa County Tempe 85281 Downtown Tempe

1008 S Mariana St, Tempe, AZ

This home is located at 1008 S Mariana St, Tempe, AZ 85281 since 08 September 2018 and is currently estimated at $838,659, approximately $517 per square foot. This property was built in 1962. 1008 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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