Seller's Agent in 2020
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
(602) 430-5843
1 in this area
66 Total Sales
1039 E Spence Ave Tempe, AZ 85281
Downtown Tempe Neighborhood
--
Bed
--
Bath
2,958
Sq Ft
8,494
Sq Ft Lot
Highlights
- Cooling Available
- Concrete Flooring
- Heating Available
About This Home
As of November 2020We are pleased to announce a turn key remodeled Tempe 4 plex walking distance to ASU. This is amazing Tempe location near the light rail, malls, shopping, restaurants & freeways. This building has been updated with major capital improvements. Kitchens, granite counter tops, washer and dryers added to all units. New electrical panels, floors, bathrooms, tank less water heaters, new parking lot, new yards, new lighting, new yards, new roof and much more. Also this complex is fully rented with 2 year leases in place two at $1,500 (2) bedroom 1 bath units. One 1 bed $1,300 and one at $1,250. They are leased to tenants who run as short term rentals. Amazing return for the next two years with these leases in place. Self Manged. All facts & figures are approximate buyer verify MLS information
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,075
Year Built
- Built in 1964
Home Design
- Composition Roof
- Block Exterior
Flooring
- Concrete Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Free Parking
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 28
- Assessor Parcel Number 133-10-048
Community Details
Overview
- 4 Units
- Building Dimensions are 8,500
- Jen Tilly Terrace Lots 19 29 /Tr A/ Subdivision
Building Details
- Operating Expense $13,300
- Gross Income $66,600
- Net Operating Income $53,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2020
Closed on
Nov 15, 2020
Sold by
Sparks Sharon Danay
Bought by
Melexa Properties Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$825,000
Sold Price
$830,000
Premium/Discount to List
$5,000
0.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,235
Avg. Annual Appreciation
4.40%
Purchase Details
Listed on
May 17, 2019
Closed on
Jul 9, 2019
Sold by
Pro Active Investments Llc
Bought by
Sparks Sharon Danay
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$729,900
Sold Price
$714,000
Premium/Discount to List
-$15,900
-2.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.89%
Original Mortgage
$489,900
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 21, 2018
Closed on
Dec 6, 2018
Sold by
Wilt Glenn A
Bought by
Pro Active Investments Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
198.39%
Original Mortgage
$262,200
Interest Rate
4.8%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $830,000 | Chicago Title Agency | |
| Warranty Deed | $715,000 | Chicago Title Agency | |
| Warranty Deed | $400,000 | Chicago Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $489,900 | New Conventional | |
| Previous Owner | $262,200 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2020 11/17/20 | Sold | $830,000 | +0.6% | $281 / Sq Ft |
| 10/30/2020 10/30/20 | For Sale | $825,000 | +15.5% | $279 / Sq Ft |
| 07/17/2019 07/17/19 | Sold | $714,000 | -2.2% | $241 / Sq Ft |
| 07/14/2019 07/14/19 | Price Changed | $729,900 | 0.0% | $247 / Sq Ft |
| 06/18/2019 06/18/19 | Pending | -- | -- | -- |
| 05/16/2019 05/16/19 | For Sale | $729,900 | +82.5% | $247 / Sq Ft |
| 01/04/2019 01/04/19 | Sold | $400,000 | -11.1% | $135 / Sq Ft |
| 11/30/2018 11/30/18 | Pending | -- | -- | -- |
| 11/30/2018 11/30/18 | For Sale | $450,000 | +12.5% | $152 / Sq Ft |
| 10/08/2018 10/08/18 | Off Market | $400,000 | -- | -- |
| 09/25/2018 09/25/18 | Pending | -- | -- | -- |
| 09/21/2018 09/21/18 | For Sale | $450,000 | -- | $152 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,344 | $20,921 | -- | -- |
| 2024 | $2,315 | $19,925 | -- | -- |
| 2023 | $2,315 | $69,900 | $13,980 | $55,920 |
| 2022 | $2,221 | $54,300 | $10,860 | $43,440 |
| 2021 | $2,236 | $44,320 | $8,860 | $35,460 |
| 2020 | $2,168 | $39,080 | $7,810 | $31,270 |
| 2019 | $2,127 | $33,330 | $6,660 | $26,670 |
| 2018 | $2,075 | $27,500 | $5,500 | $22,000 |
| 2017 | $2,013 | $23,270 | $4,650 | $18,620 |
| 2016 | $1,998 | $21,420 | $4,280 | $17,140 |
| 2015 | $1,920 | $21,700 | $4,340 | $17,360 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Fowler
-
Steven Cvetanovich
Seller Co-Listing Agent in 2020
Steven Cvetanovich
Better Homes & Gardens Real Estate SJ Fowler
(480) 323-5672
1 in this area
37 Total Sales
-
Michael Gordon
Buyer's Agent in 2020
Michael Gordon
Grace CRE
(858) 774-6058
2 in this area
73 Total Sales
-
Sophia Baron
Seller's Agent in 2019
Sophia Baron
Grace CRE
(480) 375-0227
4 in this area
86 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5927124
APN: 133-10-048
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.
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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