Tim Cusick
Homelogic Real Estate
(480) 712-0156
366 Total Sales
2 in Apache
$395K - $595K Price Range
1010 S Smith Rd Tempe, AZ 85281
Apache NeighborhoodEstimated Value: $528,000 - $910,000
Studio
--
Baths
1,344
Sq Ft
$498/Sq Ft
Est. Value
Highlights
- Community Playground
- 5-minute walk to Smith-Martin/Apache Blvd
- 3-minute walk to Alegre Park
- Concrete Flooring
- Heat Pump System
About This Home
As of March 2018Las Palmas Apartments is a 16-unit duplex style apartment community located in Tempe, Arizona. The property is of 1961
vintage, with recent renovations, built of solid block, in a beautiful low-density courtyard setting. The unit mix is all 16
two-bedroom/one-bath units at approximately 720 square feet. Each unit is individually metered for electricity and
equipped with frost-free refrigerators, stove and hood. In the past 2 years major capital expenditures have been
completed. Select units have upgraded appliances, flooring, fixtures and electrical outlets. The community also provides
its residents with on-site laundry. Value-add improvements can be made such as adding washer/dryers to each patio with pre-existing hookups; fencing in patios, gating property, adding BBQ picnic area e
Last Agent to Sell the Property
SVN/Desert Commercial Advisors License #BR633405000 Listed on: 01/10/2018
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,870
Year Built
- Built in 1961
Lot Details
- 0.29
Home Design
- Composition Roof
- Block Exterior
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
- Master Water Meter
Additional Features
- Concrete Flooring
- Additional Parcels
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 34
- Assessor Parcel Number 132-67-038-D
Community Details
Overview
- 8 Buildings
- 16 Units
- Building Dimensions are 172 x 211
- Rancho El Dorado 26 35, 45 53 Subdivision
Recreation
- Community Playground
Building Details
- Operating Expense $39,655
- Gross Income $129,356
- Net Operating Income $89,701
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 18, 2022
Sold by
Jeffrey L Pressman Trust
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,716,000
Outstanding Balance
$2,530,721
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
-$1,861,867
Purchase Details
Closed on
Aug 24, 2021
Sold by
Pressman Properties Llc
Bought by
Pressman Family Investments Llc
Purchase Details
Closed on
Dec 30, 2020
Sold by
Pressman Properties Llc
Bought by
Pressman Properties Llc
Purchase Details
Listed on
Jan 10, 2018
Closed on
Mar 30, 2018
Sold by
Sek Llc
Bought by
Ret2 Llc
Seller's Agent
Carrick Sears
SVN/Desert Commercial Advisors
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$1,760,000
Sold Price
$1,600,000
Premium/Discount to List
-$160,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.83%
Original Mortgage
$1,600,000
Interest Rate
4.38%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 10, 2018
Closed on
Mar 23, 2018
Sold by
Blue And Gold Properties Inc
Bought by
Sek Llc
Seller's Agent
Carrick Sears
SVN/Desert Commercial Advisors
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$1,760,000
Sold Price
$1,600,000
Premium/Discount to List
-$160,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
4.38%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 23, 2016
Sold by
Paul Adams Palms Llc
Bought by
Blue & Gold Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 2013
Sold by
Vhvppw Llc
Bought by
Paul Adams Palms Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,000
Interest Rate
3.92%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Apache, AZ
-
Tim Cusick
-
Amy Keeling
Amy Keeling
Responds QuicklyMy Home Group Real Estate
(480) 745-2812
26 Total Sales
1 in Apache
$346,000 Price
-
Lilly Keating
Lilly Keating
eXp Realty
(480) 741-1458
115 Total Sales
1 in Apache
$435,000 Price
-
Mary Jo Santistevan
Mary Jo Santistevan
Responds QuicklySERHANT.
(623) 263-8643
246 Total Sales
1 in Apache
$262,000 Price
-
Bunny Hodas
Bunny Hodas
Realty ONE Group
(980) 326-4452
22 Total Sales
2 in Apache
$387K - $391K Price Range
-
Jenna Walsh
Jenna Walsh
eXp Realty
(623) 439-8219
94 Total Sales
2 in Apache
$280K - $375K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,880,000 | Chicago Title | ||
| Pressman Family Investments Llc | -- | None Available | |
| Pressman Properties Llc | -- | None Available | |
| Ret2 Llc | $1,920,000 | American Title Service Agenc | |
| Sek Llc | $1,600,000 | American Title Service Agenc | |
| Blue & Gold Properties Inc | $1,250,000 | Stewart Title | |
| Paul Adams Palms Llc | $880,000 | Stewart Title & Trust Of Pho |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,716,000 | ||
| Previous Owner | Ret2 Llc | $1,600,000 | |
| Previous Owner | Blue & Gold Properties Inc | $937,500 | |
| Previous Owner | Paul Adams Palms Llc | $633,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2018 03/30/18 | Sold | $1,600,000 | -9.1% | $1,190 / Sq Ft |
| 01/26/2018 01/26/18 | Pending | -- | -- | -- |
| 01/10/2018 01/10/18 | For Sale | $1,760,000 | -- | $1,310 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,285 | $10,724 | ||
| 2024 | $1,187 | $10,213 | ||
| 2023 | $1,187 | $60,980 | $15,240 | $45,740 |
| 2022 | $1,138 | $44,080 | $11,020 | $33,060 |
| 2021 | $1,146 | $53,730 | $13,430 | $40,300 |
| 2020 | $1,111 | $33,970 | $8,490 | $25,480 |
| 2019 | $1,090 | $26,100 | $6,520 | $19,580 |
| 2018 | $1,063 | $24,570 | $6,140 | $18,430 |
| 2017 | $1,032 | $14,820 | $3,700 | $11,120 |
| 2016 | $1,024 | $14,120 | $3,530 | $10,590 |
| 2015 | $984 | $12,300 | $3,070 | $9,230 |
Source: Public Records
Agents Affiliated with this Home
-
Carrick Sears
Seller's Agent in 2018
Carrick Sears
SVN/Desert Commercial Advisors
(602) 327-0325
15 Total Sales
-
Rick Horst
Buyer's Agent in 2018
Rick Horst
Keller Williams Arizona Realty
(480) 767-3014
32 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5706928
APN: 132-67-038D
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
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