NOT LISTED FOR SALE

1029 S Mariana St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $398,734 - $1,061,000

-- Bed
-- Bath
1,620 Sq Ft
$457/Sq Ft Est. Value

Last Sold December 04, 2013

Last sale price $175,000 $108 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $4,215/month

7 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Dorsey Ln/Apache Blvd
  • Individual Controls for Heating
  • Carpet

About This Home

As of December 2013

Solid performer in the heart of Tempe! Perfect for Students! 100% occupied! Walk to ASU, Light Rail and Downtown Tempe! Lush mature landscaping, quiet street and plenty of parking! Rents include free gas/hot water for residents! Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/11/2013

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Dominic Arnold

AZ Prime Property Management License #BR639934000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,012

Year Built

  • Built in 1962

Lot Details

  • 8,364

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 132-73-163

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $7,690
  • Gross Income $19,693
  • Net Operating Income $13,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,012

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Apache/Rural
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 427
  • Directions: East to Dorsey, North to Lemon, West to Mariana, North to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Wall/Window Unit(s)
  • Heating: Other, See Remarks, Individual, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Fee Information

  • Annual Fuel Expense: 1065.0
  • Annual Water Sewer Expense: 1084.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 132-73-163

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 19693.0
  • Insurance Expense: 968.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 13588.0
  • Annual Operating Expense: 7690.0

Tax Info

  • Tax Annual Amount: 2012.0
  • Tax Book Number: 132.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2013
Closed on
Nov 12, 2013
Sold by
Padilla Carlos and Mechanical Designs Inc
Bought by
Petrisor Gregory and Laser Jennifer
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Dominic Arnold
AZ Prime Property Management
List Price
$189,000
Sold Price
$175,000
Premium/Discount to List
-$14,000
-7.41%
Current Estimated Value
$745,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,275
Avg. Annual Appreciation
13.88%
Original Mortgage
$127,500
Outstanding Balance
$95,966
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$702,882

Purchase Details

Closed on
Apr 3, 2008
Sold by
Katz Jamye W and Katz Evan R
Bought by
1029 West Mariana Llc

Purchase Details

Closed on
Mar 7, 2008
Sold by
Campus Towers Llc
Bought by
Katz Jamye W and Katz Evan R

Purchase Details

Closed on
Apr 6, 2007
Sold by
Shariati Aminollah and Rohani Afsaneh
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
$252,850
Interest Rate
6.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 6, 2005
Sold by
Islington Investments Llc
Bought by
Shariati Aminollah and Rohani Afsaneh

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
3%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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
Petrisor Gregory $175,000 Chicago Title Agency Inc
Goldstein Neil -- Chicago Title Agency Inc
1029 West Mariana Llc -- None Available
Katz Jamye W $300,176 None Available
Campus Towers Llc $389,000 Tsa Title Agency
Campus Towers Llc $389,000 Tsa Title Agency
Shariati Aminollah $309,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrisor Gregory $127,500
Previous Owner Campus Towers Llc $105,063
Previous Owner Campus Towers Llc $105,168
Previous Owner Campus Towers Llc $252,850
Previous Owner Campus Towers Llc $267,850
Previous Owner Shariati Aminollah $247,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2013 12/04/13 Sold $175,000 -7.4% $108 / Sq Ft
10/18/2013 10/18/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $189,000 -- $117 / 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 $1,182 $10,555 -- --
2024 $1,168 $10,052 -- --
2023 $1,168 $54,370 $10,870 $43,500
2022 $1,120 $42,350 $8,470 $33,880
2021 $1,128 $35,260 $7,050 $28,210
2020 $1,094 $28,980 $5,790 $23,190
2019 $1,073 $22,100 $4,420 $17,680
2018 $1,047 $16,380 $3,270 $13,110
2017 $1,015 $15,460 $3,090 $12,370
2016 $1,008 $14,150 $2,830 $11,320
2015 $968 $14,050 $2,810 $11,240
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Lois Kaipainen

    Income Property Shop

    Section Image

  • D

    Buyer's Agent in 2013

    Dominic Arnold

    AZ Prime Property Management

    (480) 449-6632

    1 in this area

    131 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5013511

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-163

Arizona Maricopa County Tempe 85281 Downtown Tempe

1029 S Mariana St, Tempe, AZ

This home is located at 1029 S Mariana St, Tempe, AZ 85281 since 11 October 2013 and is currently estimated at $740,184, approximately $456 per square foot. This property was built in 1962. 1029 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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