NOT LISTED FOR SALE

1106 E Weber Dr Unit 1033 Tempe, AZ 85288

North Tempe Neighborhood

Estimated Value: $553,000 - $651,000

-- Bed
3 Baths
1,665 Sq Ft
$352/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $7,450,000 $4,474 Per Sq Ft

Current estimated payment $3,633/month

64 Days on Market

Highlights

  • Fitness Center
  • Heated Community Pool
  • Central Air
  • Clubhouse
  • Sport Court
  • Ceiling Fan

About This Home

As of December 2019

Like the coveted town in Orange County, The Newport is created to be a lifestyle community combining the relaxed, connective vibe of the people with the modern, urban architecture found in coastal California. Upon arriving at The Newport, one will notice the clean-lined architectural design, replete with great articulation, varied materials including corrugated metal, cementitious wood, and smooth stucco that blend artistically to remind you that Tempe is a changin'. The interiors are an eclectic mix of mid-century modern that allow you an embracing and warm feel, or chic, minimalist modern California beach house. The community boasts SRP GoldStar rating for the highest in energy efficiency. The Newport features a portfolio of 17-single family detached fee-simple homes in an exclusive 38-home community located in a dynamic Tempe Town Lakes location that was built between 2015 and 2018. 16 of the 17 homes in the offering are fully furnished with designer finishes and include all living necessities for Airbnb and are on a master-lease at $3,050 per month thru 2022.
The community consists of two and three-story residences that average over 1,700 square feet and include separate dens that could potentially be converted into a bedroom. Interior features include 9-foot ceilings, eat-in kitchens with Energy Star rated Kenmore stainless-steel appliances, spacious pantries, granite or quartz countertops with undermounted sinks and premium Kohler plumbing fixtures, custom cabinets, in-suite full-size washer/dryers. Units are also Cat5 Ethernet wired and include top-of-the-line lighting fixtures.

Every residence has a private yard and large patio terrace. The community also features a sparkling resort-style pool and spa. Residents of The Newport can also enjoy the amenities at the North Tempe Multi-Generational Center, located directly across the street, for $25 for the year or a $1 per day. The ±30,000 square foot facility includes a fitness center, a business center/library, a gym with multiple basketball courts, community classrooms, preschool classrooms, a youth center, a teen center and a senior center.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 07/20/2019

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 07/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $57,000

Year Built

  • Built in 2017

Lot Details

  • 1,307

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 17 Parking Spaces
  • 17 Covered Spaces

Utilities

  • Central Air
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • ENERGY STAR Qualified Equipment for Heating
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping, pool/spa maintenance
  • Tax Lot 2
  • Assessor Parcel Number 132-10-113

Community Details

Overview

  • 17 Buildings
  • 17 Units
  • Building Dimensions are 2.30
  • Newport At Tempe Subdivision

Amenities

  • Clubhouse
  • Game Room

Recreation

  • Sport Court
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $57,000
  • Gross Income $616,800
  • Net Operating Income $478,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,000

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R1-Pad
  • Number Of Buildings: 17
  • Year Built: 2017
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: NEWPORT AT TEMPE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 17.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 17.0
  • General Property Description:Total Parking Spcs: 17.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s), ENERGY STAR Qualified Equipment
  • Heating: Individual, Electric, ENERGY STAR Qualified Equipment
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:ENERGY STAR Qualified Equipment: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Sport Court, Game/Rec Room, Exercise Room, Clubhouse, Spa(s), Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Furnished: Yes
  • Interior Amenities:Fire Sprinklers2: Yes
  • Community Amenities:Sport Court: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:GameRec Room: Yes

Lot Info

  • Lot Size: 2.30
  • Additional Parcels: Yes
  • Parcel #: 132-10-113

Multi Family

  • Owner Pays: Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 17
  • Annual Gross Income: 616800.0
  • Property Net Operating Income: 478256.0
  • Annual Operating Expense: 57000.0

Tax Info

  • Tax Annual Amount: 57000.0
  • Tax Book Number: 132.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2019
Closed on
Nov 26, 2019
Sold by
Newport Landing Llc
Bought by
Aw Newport Dst
Seller's Agent
Jeff Seaman
CBRE, Inc
Buyer's Agent
Jeff Seaman
CBRE, Inc
List Price
$7,450,000
Sold Price
$7,450,000
Total Days on Market
64
Current Estimated Value
$597,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,852,758
Avg. Annual Appreciation
-37.24%

Purchase Details

Closed on
Apr 25, 2018
Sold by
Old Port Llc
Bought by
Newport Landing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,100
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Aw Newport Dst $7,450,000 Premier Title Agency
Newport Landing Llc -- Chicago Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newport Landing Llc $289,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2019 12/31/19 Sold $7,450,000 0.0% $4,474 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $7,450,000 -- $4,474 / 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 $3,552 $31,706 -- --
2024 $3,509 $30,196 -- --
2023 $3,509 $43,120 $8,620 $34,500
2022 $3,366 $32,660 $6,530 $26,130
2021 $3,389 $33,780 $6,750 $27,030
2020 $3,286 $35,400 $7,080 $28,320
2019 $3,224 $32,860 $6,570 $26,290
2018 $309 $4,935 $4,935 $0
2017 $300 $4,350 $4,350 $0
2016 $298 $3,630 $3,630 $0
2015 $305 $2,720 $2,720 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Seaman

    Seller's Agent in 2019

    Jeff Seaman

    CBRE, Inc

    (602) 295-1660

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5954603

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-10-113

Arizona Maricopa County Tempe 85281 North Tempe

1106 E Weber Dr Unit 1033, Tempe, AZ

This home is located at 1106 E Weber Dr Unit 1033, Tempe, AZ 85288 since 20 July 2019 and is currently estimated at $585,528, approximately $351 per square foot. This property was built in 2017. 1106 E Weber Dr Unit 1033 is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and South Pointe Elementary 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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