NOT LISTED FOR SALE

1106 S Farmer Ave Unit 5 Tempe, AZ 85281

Mitchell Park East Neighborhood

Estimated Value: $751,000 - $1,546,704

0.15 Acre
$7,692,840 Price per Acre
6,500 Sq Ft Lot

Last Sold July 31, 2020

Last sale price $275,000

Est. 320% increase in value since last sale

Current estimated payment $6,594/month

431 Days on Market

About This Lot

As of July 2020

VACANT Tempe lot! Literally a 10 minute walk to MILL AVENUE and 12 minutes to ASU! Perfect for a single family home or multiple units for CASH FLOW AND RENTALS. Lot is ZONED R-3! NO HOA!!! Builders, investors, flip and fix gurus, and custom home buyers, Tempe and 85281 are growing FAST so don't miss out on this HOT find!!

Last Agent to Sell the Property

Tu-Nga Burgess

HomeSmart License #SA654669000 Listed on: 04/11/2019

Last Buyer's Agent

Tu-Nga Burgess

HomeSmart License #SA654669000 Listed on: 04/11/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,437

Lot Details

  • 6,500 Sq Ft Lot
  • Property is zoned R-3

Community Details

  • No Home Owners Association
  • Val Verde Plat 1 Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 124-70-066

Property Details

Property Type

Land

Est. Annual Taxes

$1,437

Lot Details

6,500 Sq Ft Lot

Listing Details

  • Cross Street: 11th and S Farmers
  • Legal Info Range: 4E
  • Property Type: Land
  • Zoning: R-3
  • Tax Year: 2018
  • Lot Size Acres: 0.15
  • Subdivision Name: VAL VERDE PLAT 1
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Disclosures: Other (See Rmks), None
  • Other Structures: None

Utilities

  • Electric: Other (See Rmks), APS, SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: see accessor record
  • Lot Size Sq Ft: 6500.0
  • Additional Parcels: No
  • Parcel #: 124-70-066
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1437.0
  • Tax Book Number: 124.00
  • Tax Lot: 5
  • Tax Map Number: 70.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2023
Sold by
Jeff Rogers Custom Homes Inc
Bought by
Rogers Family Revocable Trust
Current Estimated Value
$1,153,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$875,758
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$278,168

Purchase Details

Listed on
Apr 11, 2019
Closed on
Jul 30, 2020
Sold by
Aidyl Investments Llc
Bought by
Jeff Rogers Custom Homes Inc
Seller's Agent
Tu-Nga Burgess
HomeSmart
Buyer's Agent
Tu-Nga Burgess
HomeSmart
List Price
$300,000
Sold Price
$275,000
Premium/Discount to List
-$25,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.19%

Purchase Details

Closed on
Feb 26, 2019
Sold by
Kotten Patricia J and The Kotten Family Trust
Bought by
Aidyl Investments Llc

Purchase Details

Closed on
Jun 13, 1996
Sold by
Kotten James H and Kotten Patricia J
Bought by
Kotten James H and Kotten Patricia J
Source: Public Records
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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
Rogers Family Revocable Trust -- --
Jeff Rogers Custom Homes Inc $275,000 Clear Title Agency Of Az
Aidyl Investments Llc $240,000 Equity Title Agency Inc
Kotten James H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogers Family Revocable Trust $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $275,000 -3.5% --
04/16/2020 04/16/20 Price Changed $285,000 -1.7% --
11/05/2019 11/05/19 Price Changed $290,000 -1.7% --
10/17/2019 10/17/19 Price Changed $295,000 -1.7% --
04/11/2019 04/11/19 For Sale $300,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $7,857 $65,556 -- --
2024 $1,604 $62,434 -- --
2023 $1,604 $41,805 $41,805 $0
2022 $1,539 $36,735 $36,735 $0
2021 $1,549 $34,935 $34,935 $0
2020 $1,502 $28,755 $28,755 $0
2019 $1,474 $19,860 $19,860 $0
2018 $1,437 $16,545 $16,545 $0
2017 $1,394 $15,585 $15,585 $0
2016 $1,385 $14,370 $14,370 $0
2015 $1,419 $16,128 $16,128 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tu-Nga Burgess

    HomeSmart

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5910124

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-066

Arizona Maricopa County Tempe 85281 Mitchell Park East

1106 S Farmer Ave Unit 5, Tempe, AZ

Not Listed for Sale

Lots

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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