NOT LISTED FOR SALE

Estimated Value: $678,000 - $946,149

-- Bed
4 Baths
2,000 Sq Ft
$381/Sq Ft Est. Value

Last Sold April 05, 2013

Last sale price $220,000 $110 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $4,385/month

28 Days on Market

About This Home

As of April 2013

Buyer is temporarily out of funds and is interested in moving this property ''as is''. Based on quotes we believe it needs $85,000 to remodel this property correctly. However, sales in this subdivision reach over $500k for this sq ft. so an amazing opportunity for an investor. Please read document attached to this listing for details of construction. Please note, do any inspections and due diligence before submitting an offer as all offers MUST INCLUDE HARD EARNEST MONEY OF $5,000 with no inspection period. This is only for serious investors who have extensive construction experience.

Last Listed By

David Fisher

HomeSmart License #BR515477000 Listed on: 01/11/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,293

Year Built

  • Built in 1925

Lot Details

  • 9,583

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Metal Construction or Metal Frame
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe Academy Of International Studies Mckemy High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for electricity, water
  • Tax Lot 14
  • Assessor Parcel Number 132-45-057

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are .22 acres

Building Details

  • Operating Expense $1,293

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,293

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: University and Mill
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1925
  • Tax Year: 2012
  • Directions: West on University to Maple. Turn left and go south to property.
  • Road Surface Type: Asphalt
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Metal, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe Academy Of International Studies McKemy
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: .22 acres
  • Additional Parcels: No
  • Parcel #: 132-45-057

Multi Family

  • Owner Pays: Electricity, Water
  • Tenant Pays: None
  • Number Of Units Total: 2
  • Annual Operating Expense: 1293.0

Tax Info

  • Tax Annual Amount: 1293.0
  • Tax Book Number: 132.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2013
Closed on
Apr 1, 2013
Sold by
Az Portfolio Builders Llc
Bought by
Carney Tempe Llc
Seller's Agent
David Fisher
HomeSmart
Buyer's Agent
David Fisher
HomeSmart
List Price
$275,000
Sold Price
$220,000
Premium/Discount to List
-$55,000
-20%
Total Days on Market
28
Current Estimated Value
$761,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,537
Avg. Annual Appreciation
10.65%

Purchase Details

Closed on
Jan 20, 2011
Sold by
Wright Timothy
Bought by
Arizona Portfolio Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2008
Sold by
Dooley Dorothea L
Bought by
Wright Timothy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.88%
Mortgage Type
Commercial

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
Carney Tempe Llc $220,000 American Title Service Agenc
Arizona Portfolio Builders Llc $107,000 None Available
Wright Timothy R $300,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Az Portfolio Builders Llc $15,000
Previous Owner Arizona Portfolio Builders Llc $90,000
Previous Owner Az Portfolio Builder Llc $90,000
Previous Owner Wright Timothy $337,500
Previous Owner Dooley Dorothea L $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2013 04/05/13 Sold $220,000 -20.0% $110 / Sq Ft
02/08/2013 02/08/13 Pending -- -- --
01/11/2013 01/11/13 For Sale $275,000 -- $138 / 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 $1,938 $18,664 -- --
2024 $1,914 $17,775 -- --
2023 $1,914 $63,600 $12,720 $50,880
2022 $1,832 $48,730 $9,740 $38,990
2021 $1,857 $41,930 $8,380 $33,550
2020 $1,798 $35,930 $7,180 $28,750
2019 $1,763 $29,530 $5,900 $23,630
2018 $1,718 $24,720 $4,940 $19,780
2017 $1,665 $20,560 $4,110 $16,450
2016 $1,655 $18,420 $3,680 $14,740
2015 $1,596 $17,910 $3,580 $14,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4873148

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-45-057