NOT LISTED FOR SALE

1019 E Tempe Dr Tempe, AZ 85281

North Tempe Neighborhood

Estimated Value: $1,318,000 - $1,391,097

6 Beds
6 Baths
448 Sq Ft
$3,024/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $1,400,000 $3,125 Per Sq Ft

451 Days on Market

Highlights

  • Golf Course Community
  • Putting Green
  • Community Playground
  • Heated Spa
  • Multiple cooling system units
  • Community Barbecue Grill

About This Home

As of September 2023

''The Traveler'' is comprised of (6) 1 bedroom units (448 sqf/ea) that all function as full time vacation rental units. The property features off-street parking & an enclosed common area w/ hot tub, community laundry, putting green & sitting area. All unit interiors have been extensively upgraded. The entire building received a new electrical system w/ separate metering installed in '20. New roof in '21. 2 New HVAC units in '21, other 4 units are newer, all w/ Nest thermostats. Located on a huge 15k+ SF corner lot the site could also offer development potential & possible future assemblage scenario. All furniture, appliances & hot tub convey in current condition.

Last Agent to Sell the Property

Josh Wein

HomeSmart License #SA647895000 Listed on: 05/31/2022

HomeSmart

Co-Listed By

Abby Wein

HomeSmart License #SA678002000

Last Buyer's Agent

Dana Hicks

HomeSmart Realty License #SA697128000

HomeSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,021

Year Built

  • Built in 1955

Home Design

  • Block Exterior
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • On-Street Parking

Pool

  • Heated Spa

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • The owner pays for pool maintenance, gas, electricity, trash collection, water, sewer, cable TV, landscaping
  • Tax Lot 142
  • Assessor Parcel Number 132-12-142-A

Community Details

Overview

  • 6 Units
  • Building Dimensions are IRR
  • North Tempe Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Golf Course Community
  • Community Playground
  • Putting Green

Building Details

  • Operating Expense $49,266
  • Gross Income $151,597
  • Net Operating Income $102,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,021

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Road & McKellips Road
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2358
  • Road Surface Type: Asphalt
  • Professional Management Expense: 32150.16
  • Co List Office Mls Id: cril18
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: NORTH TEMPE
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Community Features GolfPutting Green: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Community Features Heated Spa(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: Built-In Range, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Stone, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual, 2 or More Units
  • Heating: Other, See Remarks, 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Golf, Other, Barbecue, Play Area, Heated Spa(s), No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Furnished: Yes

Fee Information

  • Annual Fuel Expense: 1268.55
  • Annual Water Sewer Expense: 1628.22

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 132-12-142-A

Multi Family

  • Owner Pays: Pool Maintenance, Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 6
  • Electric Expense: 6714.24
  • Annual Gross Income: 151597.08
  • Insurance Expense: 2342.0
  • Property Net Operating Income: 102330.91
  • Annual Operating Expense: 49266.17

Tax Info

  • Tax Annual Amount: 2021.0
  • Tax Book Number: 132.00
  • Tax Lot: 142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Sep 27, 2023
Sold by
Weintime Rentals Llc
Bought by
Azura Inc
Seller's Agent
Josh Wein
HomeSmart
Buyer's Agent
Dana Hicks
HomeSmart Realty
List Price
$2,250,000
Sold Price
$1,400,000
Premium/Discount to List
-$850,000
-37.78%
Views
432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.46%
Original Mortgage
$1,050,000
Outstanding Balance
$1,029,236
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$325,313

Purchase Details

Closed on
Aug 6, 2021
Sold by
Black Stallion 81 Llc
Bought by
Weintime Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,500
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 18, 2019
Closed on
Mar 13, 2020
Sold by
Tempe Drive Llc
Bought by
Black Stallion 81 Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Neil Patel
HomeSmart
List Price
$798,000
Sold Price
$770,000
Premium/Discount to List
-$28,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.23%
Original Mortgage
$616,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 28, 2011
Sold by
Tif Az I Llc
Bought by
Tempe Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,400
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2011
Sold by
Rosenzweig Martin
Bought by
Tif Az Llc

Purchase Details

Closed on
Aug 7, 2009
Sold by
Rosenzweig Martin
Bought by
Rosenzweig Fara Joy

Purchase Details

Closed on
Apr 9, 2007
Sold by
Rosenzweig Martin
Bought by
Shrp Investments Llc

Purchase Details

Closed on
Nov 29, 2006
Sold by
Rosenzweig Tracie
Bought by
Rosenzweig Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.32%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 2004
Sold by
Sarram Sean Saeed
Bought by
Buzz & Tempe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,250
Interest Rate
5.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2003
Sold by
Sarram Sean Saeed and Sarram Saeed
Bought by
Sarram Sean Saeed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.15%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Azura Inc $1,400,000 First American Title Insurance
Weintime Rentals Llc $810,000 American Title Svc Agcy Llc
Black Stallion 81 Llc $770,000 Chicago Title Agency
Tempe Drive Llc $148,000 Magnus Title Agency
Tif Az Llc $129,000 None Available
Rosenzweig Fara Joy -- None Available
Shrp Investments Llc -- Chicago Title Insurance Co
Rosenzweig Martin -- Chicago Title Insurance Comp
Rosenzweig Martin $300,000 Chicago Title Insurance Comp
Buzz & Tempe Llc $379,000 Capital Title Agency Inc
Sarram Sean Saeed -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azura Inc $1,050,000
Previous Owner Weintime Rentals Llc $688,500
Previous Owner Black Stallion 81 Llc $616,000
Previous Owner Tempe Drive Llc $118,400
Previous Owner Rosenzweig Martin $240,000
Previous Owner Buzz & Tempe Llc $284,250
Previous Owner Sarram Sean Saeed $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2023 09/27/23 Sold $1,400,000 -12.5% $3,125 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
04/25/2023 04/25/23 Price Changed $1,600,000 -3.0% $3,571 / Sq Ft
03/20/2023 03/20/23 Price Changed $1,649,000 -3.0% $3,681 / Sq Ft
03/07/2023 03/07/23 Price Changed $1,700,000 -2.9% $3,795 / Sq Ft
02/23/2023 02/23/23 Price Changed $1,750,000 -10.2% $3,906 / Sq Ft
01/16/2023 01/16/23 Price Changed $1,949,000 -2.5% $4,350 / Sq Ft
10/14/2022 10/14/22 Price Changed $1,999,000 0.0% $4,462 / Sq Ft
09/20/2022 09/20/22 Price Changed $1,999,500 -2.5% $4,463 / Sq Ft
08/21/2022 08/21/22 Price Changed $2,050,000 -2.3% $4,576 / Sq Ft
08/12/2022 08/12/22 Price Changed $2,099,000 -4.5% $4,685 / Sq Ft
07/13/2022 07/13/22 Price Changed $2,199,000 -2.3% $4,908 / Sq Ft
06/11/2022 06/11/22 Price Changed $2,249,900 0.0% $5,022 / Sq Ft
05/10/2022 05/10/22 For Sale $2,250,000 +192.2% $5,022 / Sq Ft
03/13/2020 03/13/20 Sold $770,000 -2.3% $1,719 / Sq Ft View Prior Sale
02/13/2020 02/13/20 Pending -- -- --
02/04/2020 02/04/20 Price Changed $788,000 -1.3% $1,759 / Sq Ft
12/17/2019 12/17/19 For Sale $798,000 -- $1,781 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Josh Wein

    Seller's Agent in 2023

    Josh Wein

    HomeSmart

    (480) 432-4771

    2 in this area

    64 Total Sales

    Josh Wein
    Section Image

  • A

    Seller Co-Listing Agent in 2023

    Abby Wein

    HomeSmart

    Section Image

  • D

    Buyer's Agent in 2023

    Dana Hicks

    HomeSmart Realty

    (602) 230-7600

    1 in this area

    5 Total Sales

    Dana Hicks
    Section Image

  • J

    Seller's Agent in 2020

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    51 Total Sales

    James Stephens
    Section Image

  • N

    Buyer's Agent in 2020

    Neil Patel

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6396943

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Tempe 85281 North Tempe

1019 E Tempe Dr, Tempe, AZ

Not Listed for Sale

MultiFamily

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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