NOT LISTED FOR SALE

Estimated Value: $632,000 - $1,049,000

Studio
4 Baths
700 Sq Ft
$1,178/Sq Ft Est. Value

Sale Details

Date Sold: May 5, 2022

Last sale price $975,000 $1,393 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $4,694 / mo

3 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • 4-minute walk to Dorsey Ln/Apache Blvd

About This Home

As of May 2022

Tempe 4 plex. 4 two bedroom one bath apartment homes. Each unit has a private fenced in backyard. 1 story garden style complex. No HOA. Red Brick construction. Plenty of open parking. ASU- orbit- lightrail- tempe marketplace all next to property. All 4 units are currently rented. This property has potential for upgrades-and rent increases! Please do not disturb residents.

Last Agent to Sell the Property

Diana Creason

Sundial Real Estate License #BR527228000 Listed on: 04/16/2022

Last Buyer's Agent

Diana Creason

Sundial Real Estate License #BR527228000 Listed on: 04/16/2022

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1961

Lot Details

  • 8,712

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Flora Thew Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 132-73-141

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are see details
  • Mariana Park 1 Subdivision

Building Details

  • Operating Expense $1,790
  • Gross Income $53,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,790

Year Built

Built in 1961

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Cross Street: McClintock & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2021
  • Road Surface Type: Dirt, Alley
  • Subdivision Name: Mariana PARK 1
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, See Remarks, Brick
  • Roof: Composition

Garage/Parking

  • 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
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Flora Thew Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: see details
  • Additional Parcels: No
  • Parcel #: 132-73-141

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 53580.0
  • Annual Operating Expense: 1790.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1790.0
  • Tax Book Number: 132.00
  • Tax Lot: 3

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

Listed on
Apr 16, 2022
Closed on
May 28, 2022
Sold by
Lipton Jack and Sucher Robert A
Bought by
Seller's Agent
Diana Creason
Sundial Real Estate
Buyer's Agent
Diana Creason
Sundial Real Estate
List Price
$895,000
Sold Price
$975,000
Premium/Discount to List
$80,000
8.94%
Current Estimated Value
$824,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$150,697
Avg. Annual Appreciation
-3.80%
Original Mortgage
$760,000
Outstanding Balance
$711,362
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$112,941

Purchase Details

Listed on
Apr 16, 2022
Closed on
May 3, 2022
Sold by
Wood Jennifer
Bought by
Lipton Jack
Seller's Agent
Diana Creason
Sundial Real Estate
Buyer's Agent
Diana Creason
Sundial Real Estate
List Price
$895,000
Sold Price
$975,000
Premium/Discount to List
$80,000
8.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$711,362
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$112,941

Purchase Details

Closed on
Mar 7, 2008
Sold by
Campus Towers Llc
Bought by
Lipton Jack and Wood Jennifer

Purchase Details

Closed on
Apr 27, 2007
Sold by
Letellier Edith Eva
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
$327,000
Interest Rate
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 4, 2005
Sold by
Canmore Gate Llc
Bought by
Letellier Edith Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2005
Sold by
Letellier Robert
Bought by
Letellier Edith Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2003
Sold by
Halleck Investments Llc
Bought by
Canmore Gate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,184,000
Interest Rate
5.54%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$975,000 Lawyers Title
Lipton Jack -- Lawyers Title
Lipton Jack $365,937 None Available
Campus Towers Llc $495,000 Tsa Title Agency
Letellier Edith Eva $380,000 Capital Title Agency Inc
Letellier Edith Eva -- Capital Title Agency Inc
Canmore Gate Llc $1,479,500 Capital Title Agency Inc
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 $760,000
Previous Owner Campus Towers Llc $100,000
Previous Owner Campus Towers Llc $327,000
Previous Owner Letellier Edith Eva $304,000
Previous Owner Letellier Edith Eva $304,000
Previous Owner Canmore Gate Llc $1,184,000
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
05/05/2022 05/05/22 Sold $975,000 +8.9% $1,393 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $895,000 -- $1,279 / 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 $2,007 $16,748
2024 $1,853 $15,951
2023 $1,853 $52,130 $10,420 $41,710
2022 $1,778 $39,700 $7,940 $31,760
2021 $1,790 $39,400 $7,880 $31,520
2020 $1,736 $31,260 $6,260 $25,000
2019 $1,703 $29,070 $5,820 $23,250
2018 $1,661 $25,380 $5,080 $20,300
2017 $1,611 $20,880 $4,180 $16,700
2016 $1,600 $17,620 $3,530 $14,090
2015 $1,537 $14,290 $2,860 $11,430
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6384929

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-141

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