$2,200,000
SOLD NOV 8, 2024

1050 E Southern Ave Tempe, AZ 85282

Alameda Neighborhood
-- Bed
-- Bath
27,798 Sq Ft
2.05 Acres

Recently Sold

$79 Per Sq Ft

12 Days on Market

About This Home

As of June 2025

Over 27,000 square feet of office space. Over 65% occupied with contiguous vacant space up to 3,400 square feet with the smallest sized office at 350 square feet.

Last Agent to Sell the Property

David Kraus

Brittney-David R.E. Group License #BR026086000 Listed on: 08/07/2024

Last Buyer's Agent

Curtis Kelner

Pillar Realty & Investments, LLC License #SA641054000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $34,105

Year Built

  • Built in 1973

Lot Details

  • 2.05 Acre Lot
  • Property is zoned RO

Home Design

  • 27,798 Sq Ft Home
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Stone
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 90 Open Parking Spaces
  • 121 Parking Spaces
  • 31 Covered Spaces
  • Private Parking

Utilities

  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 133-32-002-U

Community Details

Overview

  • 12 Buildings

Building Details

  • Gross Income $1,080
  • Net Operating Income $176,700

Property Details

Property Type

Other

Est. Annual Taxes

$34,105

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Southern Avenue & Rural Road
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: RO
  • Number Of Buildings: 12
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2023
  • Directions: NEC of Southern & Rural east to Terrace Road located on the NWC of Southern and Terrace 1050 E. Southern Avenue
  • Lot Size Acres: 2.05
  • Professional Management Expense: 13800.0
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: U
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Stone, Concrete
  • Living Area: 27798.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 31.0
  • Parking Features: Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 90.0
  • Total Parking Spaces: 121.0
  • General Property Description:Covered Parking Spcs: 31.0
  • General Property Description:Uncvrd Parking Spcs: 90.0
  • General Property Description:Total Parking Spcs: 121.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: 3 Phase Power, Master Meter, SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes
  • 3 Phase Power: Yes

Fee Information

  • Trash Expense: 4500.0
  • Annual Water Sewer Expense: 11700.0

Lot Info

  • Lot Size Sq Ft: 89298.0
  • Parcel #: 133-32-002-U
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 32700.0
  • Annual Gross Income: 1080.0
  • Insurance Expense: 11800.0
  • Maintenance Expense: 8800.0
  • Property Net Operating Income: 176700.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 34105.0
  • Tax Book Number: 133.00
  • Tax Lot: n/a
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Oct 27, 2024
Sold by
Paulson Property Company Llc
Bought by
Pcg Southern Llc
Seller's Agent
Curtis Kelner
Pillar Realty & Investments, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$718
Sold Price
$718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30454266.72%
Original Mortgage
$1,830,050
Outstanding Balance
$1,815,467
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
$505,453

Purchase Details

Closed on
Apr 17, 2000
Sold by
Virissimo Alvaro R and Virissimo Louise B
Bought by
Paulson Property Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
8.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 1, 1996
Sold by
C & L Enterprises
Bought by
Lindsay Meadow Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,824
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 15, 1996
Sold by
Cohill Susan M
Bought by
Lindsay Meadow Estates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,824
Interest Rate
7%
Mortgage Type
Seller Take Back
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
Warranty Deed $2,200,000 Title Services Of The Valley
Warranty Deed $1,525,000 First American Title
Warranty Deed $156,030 Fidelity Title
Warranty Deed $143,970 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,830,050 Construction
Previous Owner $400,000 Commercial
Previous Owner $140,000 Commercial
Previous Owner $425,000 Seller Take Back
Previous Owner $124,824 Seller Take Back
Previous Owner $115,176 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Sold $1,547 +7.1% $0 / Sq Ft
05/16/2025 05/16/25 Sold $1,445 -6.8% $0 / Sq Ft
05/16/2025 05/16/25 For Sale $1,550 +159.6% $0 / Sq Ft
04/17/2025 04/17/25 Sold $597 +3.5% $0 / Sq Ft
03/20/2025 03/20/25 For Sale $577 0.0% $0 / Sq Ft
02/19/2025 02/19/25 Sold $577 -57.3% $0 / Sq Ft
01/27/2025 01/27/25 Sold $1,350 -6.9% $0 / Sq Ft
01/27/2025 01/27/25 For Sale $1,450 +10.7% $0 / Sq Ft
01/09/2025 01/09/25 Sold $1,310 -3.0% $0 / Sq Ft
01/09/2025 01/09/25 For Sale $1,350 +88.0% $0 / Sq Ft
12/11/2024 12/11/24 Sold $718 0.0% $0 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
12/11/2024 12/11/24 For Sale $718 +24.4% $0 / Sq Ft
11/19/2024 11/19/24 For Sale $577 -100.0% $0 / Sq Ft
11/08/2024 11/08/24 Sold $2,200,000 +167838.9% $79 / Sq Ft
11/04/2024 11/04/24 For Sale $1,310 -99.9% $0 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $2,200,000 -- $79 / 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 $33,506 $290,046 -- --
2024 $34,105 $284,867 -- --
2023 $34,105 $776,866 $384,285 $392,581
2022 $33,677 $386,856 $132,458 $254,398
2021 $34,878 $392,652 $136,242 $256,410
2020 $33,819 $395,568 $140,256 $255,312
2019 $33,178 $358,758 $124,776 $233,982
2018 $32,354 $346,374 $140,004 $206,370
2017 $31,391 $278,838 $129,636 $149,202
2016 $31,170 $232,524 $112,716 $119,808
2015 $30,769 $216,284 $94,517 $121,767
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Curtis Kelner

    Pillar Realty & Investments, LLC

    (602) 663-5516

    8 in this area

    45 Total Sales

    Section Image

  • H

    Buyer's Agent in 2025

    Hayley Rudnyk

    Realty85

    (480) 261-0702

    1 in this area

    35 Total Sales

    Section Image

  • N

    Buyer's Agent in 2025

    Non-MLS Agent

    Non-MLS Office

  • David Kraus

    Seller's Agent in 2024

    David Kraus

    Brittney-David R.E. Group

    (480) 227-6767

    1 in this area

    9 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6740865

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-32-002U

Arizona Maricopa County Tempe 85282 Alameda

1050 E Southern Ave, Tempe, AZ

This home is located at 1050 E Southern Ave, Tempe, AZ 85282 and is currently priced at $2,200,000, approximately $79 per square foot. This property was built in 1973. 1050 E Southern Ave is a home located in Maricopa County with nearby schools including Joseph P. Spracale Elementary, 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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