$205,000
SOLD DEC 27, 2016

1049 E Spence Ave Tempe, AZ 85281

Downtown Tempe Neighborhood
1 Bed
1 Bath
1,660 Sq Ft
7,869 Sq Ft Lot

Recently Sold

$123 Per Sq Ft

25% Below List Price

47 Days on Market

Highlights

  • 0.18 Acre Lot
  • Vaulted Ceiling
  • No HOA
  • Property is near public transit
  • Corner Lot
  • Covered patio or porch

About This Home

As of September 2017

Great opportunity for an investor or someone wanting to remodel this home with good bones! This location is unique and these opportunities are few and far between. Great Room with vaulted ceilings & open kitchen shows light & bright. One bedroom and den, and laundry room too with Saltillo tile throughout. TONS of mature trees & shrubs on a corner lot with flood irrigation. All this within walking distance to the light rail, restaurants, ASU and close to the freeways. This property is sold “as is”. PROPERTY ZONED R4

Last Agent to Sell the Property

Alyson Titcomb

Alyson Titcomb & Company License #BR108643000 Listed on: 09/30/2016

Last Buyer's Agent

Alyson Titcomb

Alyson Titcomb & Company License #BR108643000 Listed on: 09/30/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1973

Lot Details

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

Parking

  • 1 Carport Space

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

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 Subdivision

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,580

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
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1973
  • Tax Year: 2015
  • 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
  • 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
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), High Speed Internet
  • Living Area: 1660.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: 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

Exterior Features

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

Garage/Parking

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

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: 1580.0
  • 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
$544,997

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
Interest Rate
3.1%
Mortgage Type
New Conventional

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
9.87%
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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Average Value
Not Available
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 Type Sale Price Title Company
Quit Claim Deed -- Jetclosing Inc
Warranty Deed -- None Available
Special Warranty Deed $249,900 American Title Service Agenc
Warranty Deed $250,000 Magnus Title Agency Llc
Warranty Deed $205,000 American Title Svc Agency
Interfamily Deed Transfer -- Capital Title Agency
Quit Claim Deed -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $309,200 New Conventional
Closed $307,500 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Previous Owner $153,750 New Conventional
Previous Owner $66,200 New Conventional
Previous Owner $67,700 Unknown
Previous Owner $45,311 Credit Line Revolving
Previous Owner $15,000 Credit Line Revolving
Previous Owner $50,000 No Value Available
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

    46 Total Sales

    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

    33 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5504390

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 and is currently priced at $205,000, approximately $123 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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