$950,000
SOLD OCT 8, 2014

1029 S Wilson St Tempe, AZ 85281

Mitchell Park East Neighborhood
-- Bed
-- Bath
700 Sq Ft
0.57 Acres

Recently Sold

$1,357 Per Sq Ft

7% Below List Price

5 Days on Market

About This Home

As of October 2014

This downtown Tempe property sits in one of the most highly desirable locations in the Greater Phoenix market, the Ash neighborhood. About four blocks from ASU campus, this property is
highly sought after by students who would rather walk or bike to school than pay to park on campus. The property also sits just one block from Mill Avenue shopping, restaurants, nightlife and light rail. Very low vacancy rates with low turnover make this a consistent cash flow investment with the possibility of huge equity gains.

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000 Listed on: 08/02/2014

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,826

Year Built

  • Built in 1978

Home Design

  • Block Exterior

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 124-69-093-B

Community Details

Overview

  • 3 Buildings
  • 13 Units
  • Building Dimensions are UNK

Building Details

  • Operating Expense $31,586
  • Gross Income $94,786
  • Net Operating Income $63,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,826

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: University and Mill
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Year Built: 1978
  • Tax Year: 2013
  • Directions: From University and Mill go West on University to Wilson. Go South on Wilson, property 2 Blocks down on East Side of Street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 9100.0
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 9360.0

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 124-69-093-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 13
  • Annual Gross Income: 94785.84
  • Insurance Expense: 2600.0
  • Maintenance Expense: 5200.0
  • Property Net Operating Income: 63344.0
  • Annual Operating Expense: 31586.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 2826.0
  • Tax Book Number: 124.00
  • Tax Lot: 7

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2015 09/15/15 Rented $850 0.0% --
09/15/2015 09/15/15 Under Contract -- -- --
08/28/2015 08/28/15 For Rent $850 0.0% --
10/08/2014 10/08/14 Sold $950,000 -6.9% $1,357 / Sq Ft
08/07/2014 08/07/14 Pending -- -- --
08/02/2014 08/02/14 For Sale $1,020,000 -- $1,457 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark Kaitz

    Arizona Investment & Mgt, LLC

    Section Image
  • Helen Lufkin

    Seller Co-Listing Agent in 2015

    Helen Lufkin

    Opulent Real Estate Group

    (602) 626-0170

    19 Total Sales

    Section Image
  • Terry Kass

    Seller's Agent in 2014

    Terry Kass

    R.O.I. Properties

    (602) 330-2525

    28 Total Sales

    Section Image
  • Victoria Miachika

    Buyer's Agent in 2014

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    1 in this area

    13 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5152723

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Tempe 85281 Mitchell Park East

1029 S Wilson St, Tempe, AZ

This home is located at 1029 S Wilson St, Tempe, AZ 85281 and is currently priced at $950,000, approximately $1,357 per square foot. This property was built in 1978. 1029 S Wilson St is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe 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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