NOT LISTED FOR SALE

Estimated Value: $681,700

Studio
-- Bath
1,620 Sq Ft
$421/Sq Ft Est. Value

Sale Details

Date Sold: December 4, 2013

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

Est. 290% increase in value since last sale

Current estimated payment $3,723 / mo

7 Days on Market

Highlights

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

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

Better Homes & Gardens Real Estate SJ Fowler

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

8,364 Sq Ft Lot

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
  • 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

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
Oct 11, 2013
Closed on
Nov 12, 2013
Sold by
Bought by
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
$681,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,700
Avg. Annual Appreciation
11.33%
Original Mortgage
$127,500
Outstanding Balance
$91,839
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$589,861

Purchase Details

Closed on
Apr 3, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2007
Sold by
Bought by

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
Bought by

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Chicago Title Agency Inc
$175,000 Chicago Title Agency Inc
-- None Available
$300,176 None Available
$389,000 Tsa Title Agency
$389,000 Tsa Title Agency
$309,000 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 $127,500
Previous Owner $105,063
Previous Owner $105,168
Previous Owner $252,850
Previous Owner $267,850
Previous Owner $247,200
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
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

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 $1,265 $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

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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

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