NOT LISTED FOR SALE

1016 S Mariana St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $823,000 - $1,063,000

-- Bed
-- Bath
1,620 Sq Ft
$588/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $905,000 $559 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,286/month

28 Days on Market

Highlights

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

About This Home

As of December 2021

HIGHLY sought ASU location. Walking distance and fully renovated units with inside washer and dryers. New fully renovated electric, new plumbing, new roof, new windows, new everything. This magnificent brick building is in perfect condition, 100% occupancy with low maintenance tenants, low expenses, and well kept grounds. This property is currently rented for $961 per unit with terms ending between May and June next year. No HOA, walking distance to light rail, and proforma rentals between to $1600 to $2200 student housing units. Perfect opportunity for the savvy investor. Don't miss this one! Low maintenance with two gorgeous palm trees at the front. No large messy trees that compromise your new roof.

Last Agent to Sell the Property

Yamile Hirsh-de Ruiter

Cluff Real Estate LLC License #SA633919000 Listed on: 09/28/2021

Last Buyer's Agent

Yamile Hirsh-de Ruiter

Cluff Real Estate LLC License #SA633919000 Listed on: 09/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,127

Year Built

  • Built in 1962

Lot Details

  • 8,843

Home Design

  • Block Exterior

Flooring

  • Wood 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

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 18
  • Assessor Parcel Number 132-73-170

Community Details

Overview

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

Building Details

  • Operating Expense $3,287
  • Gross Income $46,200
  • Net Operating Income $30,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,127

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
  • Year Built: 1962
  • Tax Year: 2021
  • Directions: From University Drive. South on Dorsey Ln, West on Orange St, South on Mariana St
  • Road Surface Type: Asphalt
  • Subdivision Name: MARIANA PARK 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

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:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Wall/Window Unit(s)
  • 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

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 360.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Broadmor Elementary School
  • High School: McClintock High School

Lot Info

  • Lot Size: 118*66
  • Additional Parcels: No
  • Parcel #: 132-73-170

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 46200.0
  • Insurance Expense: 600.0
  • Property Net Operating Income: 30579.0
  • Annual Operating Expense: 3287.0

Tax Info

  • Tax Annual Amount: 1127.0
  • Tax Book Number: 132.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2021
Closed on
Dec 2, 2021
Sold by
Weber Brant Agate and St Louis Weber Michele Deann
Bought by
Dilling Walter Allen and Dilling Amy Elizabeth
Seller's Agent
Yamile Hirsh-de Ruiter
Cluff Real Estate LLC
Buyer's Agent
Yamile Hirsh-de Ruiter
Cluff Real Estate LLC
List Price
$995,000
Sold Price
$905,000
Premium/Discount to List
-$90,000
-9.05%
Current Estimated Value
$947,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,579
Avg. Annual Appreciation
1.27%
Original Mortgage
$630,000
Outstanding Balance
$585,556
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$362,507

Purchase Details

Listed on
Nov 20, 2018
Closed on
Dec 19, 2018
Sold by
Stone Real Properties Llc
Bought by
Weber Brant Agate and Weber Louis Michele Deann
Seller's Agent
Tyler Stone
Infinity Wealth Real Estate
Buyer's Agent
Yamile Hirsh-de Ruiter
Cluff Real Estate LLC
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.97%

Purchase Details

Closed on
Dec 23, 2008
Sold by
Stone Adelee
Bought by
Stone Realproperties Llc

Purchase Details

Closed on
Sep 11, 2008
Sold by
Stone Tyler
Bought by
Stone Adelee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 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
$60,000
Interest Rate
6.55%
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
Mar 20, 2006
Sold by
Wilkerson Jennifer Harris
Bought by
Schwartz Ronald V and Schwartz Stephanie

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 6, 2005
Sold by
Islington Investments 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
Fannie Mae Freddie Mac

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
Fannie Mae Freddie Mac
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
Dilling Walter Allen $900,000 Great American Ttl Agcy Inc
Weber Brant Agate $435,000 Thomas Title & Escrow
Stone Realproperties Llc -- None Available
Stone Adelee -- Dhi Title Of Arizona Inc
Stone Adelee $140,000 Dhi Title Of Arizona Inc
Citi Mortgage Inc $262,836 First American Title
Schwartz Ronald V -- Tsa Title Agency
Campus Towers Llc -- Tsa Title Agency
Schwartz Ronald V $475,000 Tsa Title Agency
Schwartz Ronald V $475,000 Tsa Title Agency
Wilkerson Jennifer Harris $309,000 Capital Title Agency Inc
Wilkerson Jennifer Harris -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dilling Walter Allen $630,000
Previous Owner Weber Brant Agate $250,000
Previous Owner St Weber Brant Agate $327,600
Previous Owner Stone Real Properties Llc $355,000
Previous Owner Stone Adelee $98,000
Previous Owner Campus Towers Llc $60,000
Previous Owner Campus Towers Llc $60,000
Previous Owner Schwartz Ronald $55,000
Previous Owner Schwartz Ronald $71,250
Previous Owner Schwartz Ronald V $356,250
Previous Owner Wilkerson Jennifer Harris $247,200
Previous Owner Wilkerson Jennifer Harris $247,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $905,000 -7.2% $559 / Sq Ft
10/18/2021 10/18/21 Price Changed $975,000 -2.0% $602 / Sq Ft
09/27/2021 09/27/21 For Sale $995,000 +128.7% $614 / Sq Ft
12/21/2018 12/21/18 Sold $435,000 -3.3% $269 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
11/19/2018 11/19/18 For Sale $450,000 -- $278 / 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 $1,181 $10,548 -- --
2024 $1,167 $10,045 -- --
2023 $1,167 $54,700 $10,940 $43,760
2022 $1,120 $42,600 $8,520 $34,080
2021 $1,127 $35,530 $7,100 $28,430
2020 $1,093 $29,210 $5,840 $23,370
2019 $1,072 $22,220 $4,440 $17,780
2018 $1,046 $16,450 $3,290 $13,160
2017 $1,015 $15,520 $3,100 $12,420
2016 $1,008 $14,230 $2,840 $11,390
2015 $968 $14,110 $2,820 $11,290
Source: Public Records

Agents Affiliated with this Home

  • Yamile Hirsh-de Ruiter

    Seller's Agent in 2021

    Yamile Hirsh-de Ruiter

    Cluff Real Estate LLC

    (480) 567-2121

    1 in this area

    36 Total Sales

    Section Image
  • Tyler Stone

    Seller's Agent in 2018

    Tyler Stone

    Infinity Wealth Real Estate

    (480) 779-4914

    15 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6299497

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-170

Arizona Maricopa County Tempe 85281 Downtown Tempe

1016 S Mariana St, Tempe, AZ

This home is located at 1016 S Mariana St, Tempe, AZ 85281 since 28 September 2021 and is currently estimated at $952,741, approximately $588 per square foot. This property was built in 1962. 1016 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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