1008 S Mariana St Tempe, AZ 85281
Downtown Tempe Neighborhood
--
Bed
--
Bath
1,620
Sq Ft
8,843
Sq Ft Lot
About This Home
As of October 2018Great Investment Opportunity! Close to ASU, light rail and Orbit stops. This four-plex has Studio units, each with an uncovered parking space. Units are individually metered for APS electricity that tenant's pay. Water is master metered. Units have had some updating but could be updated to increase rents more rapidly. All units rented, vacancy has not been an issue for current owner, because as soon as a tenant moves out he has multiple applications for new tenants. All 4 units are roughly 405sf efficiency Units with 1 full bath. Centrally located to everything in Tempe, restaurants, shopping, University and Mill Ave. Also available is 4-plex across street 1007 S Mariana.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,005
Year Built
- Built in 1962
Lot Details
- Additional Parcels
Home Design
- Block Exterior
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- Broadmor Elementary School
- Mcclintock High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- 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*77
- Mariana Park 2 Subdivision
Building Details
- Operating Expense $3,911
- Gross Income $21,438
- Net Operating Income $17,045
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
Total Days on Market
141
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,736
Avg. Annual Appreciation
9.93%
Original Mortgage
$356,250
Outstanding Balance
$313,836
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$571,900
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
Invitation Homes
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
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | Driggs Title Agency Inc | |
| Warranty Deed | $595,000 | Security Title Agency Inc | |
| Warranty Deed | -- | None Available | |
| Cash Sale Deed | $155,000 | First American Title Ins Co | |
| Trustee Deed | $258,627 | First American Title | |
| Interfamily Deed Transfer | -- | Tsa Title Agency | |
| Warranty Deed | -- | Tsa Title Agency | |
| Warranty Deed | $309,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $356,250 | New Conventional | |
| Previous Owner | $62,500 | Unknown | |
| Previous Owner | $55,000 | Unknown | |
| Previous Owner | $71,250 | Stand Alone Second | |
| Previous Owner | $247,200 | Purchase Money Mortgage | |
| Previous Owner | $247,200 | Purchase Money Mortgage | |
| Closed | $0 | Commercial |
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
| 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
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5584822
APN: 132-73-171
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.
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
Nearby Homes
- 908 S Mariana St
- 1215 E Lemon St Unit 222
- 1135 E Apache Blvd Unit 103
- 1111 E University Dr Unit 244
- 902 S Una Ave
- 1424 S Stanley Place
- 1411 S Bonarden Ln
- 1428 S Stanley Place
- 1432 S Stanley Place
- 1440 S Stanley Place
- 1413 S Jentilly Ln
- 1424 S Bonarden Ln
- 1118 S Mcclintock Dr
- 1609 E Williams St
- 930 S Acapulco Ln Unit D
- 1831 E Kirkland Ln Unit B
- 1811 E Apache Blvd Unit R5
- 1811 E Apache Blvd Unit R4
- 1811 E Apache Blvd Unit R3
- 1811 E Apache Blvd Unit R2