NOT LISTED FOR SALE

1049 E Spence Ave Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $471,228 - $537,000

2 Beds
1 Bath
1,660 Sq Ft
$306/Sq Ft Est. Value

Last Sold September 13, 2017

Last sale price $250,000 $151 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,880/month

11 Days on Market

Highlights

  • 0.18 Acre Lot
  • Vaulted Ceiling
  • Granite Countertops
  • Property is near public transit
  • Corner Lot
  • Private Yard

About This Home

As of September 2017

DON'T MISS THIS BEAUTIFUL HOME LOCATED 2 BLOCKS FROM ASU MAIN CAMPUS! This home is a great opportunity for a first time home buyer or an investor.
The PROPERTY IS ZONED R4 (up to 4 units can be built on lot). BRAND NEW bathroom, recently remodeled kitchen with granite countertops, HUGE great room with vaulted ceilings. TONS of beautiful windows = LOTS of natural light. Saltillo tile throughout tthis light and bright home. TONS of mature fruit trees and shrubs on a corner irrigated lot. Walking distance to ASU, light rail & downtown Tempe restaurants.Close to freeways and wonderful shopping. Property sold ''As Is''.

Last Agent to Sell the Property

Michelle Novy

HomeSmart License #sa527457000 Listed on: 08/20/2017

HomeSmart

Last Buyer's Agent

Mathew Beck

Networth Realty of Phoenix License #SA663527000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 1973

Lot Details

  • 7,869 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Grass Covered Lot

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,660 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 2 Open Parking Spaces
  • 1 Carport Space

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Broadmor Elementary School
  • Mckemy Middle School
  • Tempe High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Jen Tilly Terrace Lots 19 29 /Tr A/ Subdivision

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 133-10-055-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,634

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Rural and Apache
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Bathrooms Year Updated: 2017
  • Updated Kitchen: Partial
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1973
  • Tax Year: 2016
  • Directions: South to Spence. East to property.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.18
  • Subdivision Name: JEN TILLY TERRACE LOTS 19-29 /TR A/
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Possible Use: Other (See Remarks)
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), High Speed Internet, Granite Counters
  • Living Area: 1660.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Chain Link, Wood
  • Exterior Features: Covered Patio(s), Patio, Private Yard
  • Lot Features: Corner Lot, Grass Front, Grass Back, Irrigation Front, Irrigation Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop
  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7869.0
  • Parcel #: 133-10-055-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1634.0
  • Tax Book Number: 133.00
  • Tax Lot: 29
  • Tax Map Number: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
The Electric Schack Llc
Bought by
Schack Jon
Current Estimated Value
$508,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Outstanding Balance
$278,672
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$229,885

Purchase Details

Listed on
Aug 20, 2017
Closed on
Sep 20, 2017
Sold by
The Electric Schack Llc
Bought by
Schack Jon
Seller's Agent
Michelle Novy
HomeSmart
Buyer's Agent
Mathew Beck
Networth Realty of Phoenix
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$200,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 20, 2017
Closed on
Sep 13, 2017
Sold by
Salt River Equity Llc
Bought by
The Electric Schack Llc
Seller's Agent
Michelle Novy
HomeSmart
Buyer's Agent
Mathew Beck
Networth Realty of Phoenix
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 20, 2017
Closed on
Sep 6, 2017
Sold by
Wyatt John Kenton and Wyatt Tamra Jean
Bought by
Salt River Equity Llc
Seller's Agent
Michelle Novy
HomeSmart
Buyer's Agent
Mathew Beck
Networth Realty of Phoenix
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 30, 2016
Closed on
Dec 22, 2016
Sold by
Ibsen Alfred G
Bought by
Wyatt John Kenton and Wyatt Tamra Jean
Seller's Agent
Alyson Titcomb
Alyson Titcomb & Company
Buyer's Agent
Alyson Titcomb
Alyson Titcomb & Company
List Price
$275,000
Sold Price
$205,000
Premium/Discount to List
-$70,000
-25.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.25%
Original Mortgage
$153,750
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1997
Sold by
Hayden James H
Bought by
Hayden James H and Ibsen Alfred Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.9%

Purchase Details

Closed on
Mar 10, 1997
Sold by
Ibsen Alfred Gene
Bought by
Hayden James H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.9%
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
Schack Jon -- Jetclosing Inc
Schack Jon -- None Available
The Electric Schack Llc $249,900 American Title Service Agenc
Salt River Equity Llc $250,000 Magnus Title Agency Llc
Wyatt John Kenton $205,000 American Title Svc Agency
Hayden James H -- Capital Title Agency
Hayden James H -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schack Jon $307,500
Previous Owner The Electric Schack Llc $200,000
Previous Owner Wyatt John Kenton $153,750
Previous Owner Hayden James H $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2017 09/13/17 Sold $250,000 -12.3% $151 / Sq Ft
08/20/2017 08/20/17 For Sale $285,000 +39.0% $172 / Sq Ft
12/27/2016 12/27/16 Sold $205,000 -2.3% $123 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
11/10/2016 11/10/16 Price Changed $209,900 -2.4% $126 / Sq Ft
11/05/2016 11/05/16 Price Changed $215,000 -8.5% $130 / Sq Ft
09/30/2016 09/30/16 Price Changed $235,000 -14.5% $142 / Sq Ft
09/30/2016 09/30/16 For Sale $275,000 -- $166 / 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 $2,209 $19,717 -- --
2024 $2,182 $18,778 -- --
2023 $2,182 $36,960 $7,390 $29,570
2022 $2,093 $27,980 $5,590 $22,390
2021 $2,108 $25,250 $5,050 $20,200
2020 $2,044 $23,280 $4,650 $18,630
2019 $2,005 $20,930 $4,180 $16,750
2018 $1,955 $23,450 $4,690 $18,760
2017 $1,897 $23,380 $4,670 $18,710
2016 $1,634 $28,450 $5,690 $22,760
2015 $1,580 $28,800 $5,760 $23,040
Source: Public Records

Agents Affiliated with this Home

  • Michelle Novy

    Seller's Agent in 2017

    Michelle Novy

    HomeSmart

    (480) 330-1331

    1 in this area

    42 Total Sales

    Michelle Novy
    Section Image

  • M

    Buyer's Agent in 2017

    Mathew Beck

    Networth Realty of Phoenix

    Section Image
  • Alyson Titcomb

    Seller's Agent in 2016

    Alyson Titcomb

    Alyson Titcomb & Company

    (602) 989-0000

    29 Total Sales

    Alyson Titcomb
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5649354

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-10-055A

Arizona Maricopa County Tempe 85281 Downtown Tempe

1049 E Spence Ave, Tempe, AZ

This home is located at 1049 E Spence Ave, Tempe, AZ 85281 since 20 August 2017 and is currently estimated at $508,557, approximately $306 per square foot. This property was built in 1973. 1049 E Spence Ave is a home located in Maricopa County with nearby schools including Curry Elementary School, Connolly Middle School, and McClintock High School.

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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