NOT LISTED FOR SALE

1129 S Farmer Ave Tempe, AZ 85281

Maple Ash Neighborhood

Estimated Value: $845,000 - $1,113,000

8 Beds
-- Bath
3,199 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $1,000,000 $313 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,212/month

106 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System

About This Home

As of March 2022

Close to ASU and Downtown Tempe, this 4-plex is centered around the cottages and bungalows of the MAPLE ASH FARMER WILSON (MAFW) neighborhood. The 2 story building has 2 good sized bedrooms and 1 full bath, covered parking and is just moments away from 'locals only' hangouts, fine dinning and lots of great shopping. At the north end of Farmer Ave is lake access and event parking with more great restaurant finds. it's proximity to the downtown area helps maintain its zero vacancy rate. Great investment opportunity!!

Last Agent to Sell the Property

Jim Amerine

AZ Brokerage Holdings, LLC License #BR003802000 Listed on: 09/27/2021

AZ Brokerage Holdings, LLC

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,733

Year Built

  • Built in 1972

Lot Details

  • 8,189

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water
  • Legal Lot and Block 7 / 4
  • Assessor Parcel Number 124-70-011-A

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 57.5' X 142.5'
  • Farmers Addition Blocks 4 5 & Part 3 & Lots 6 9 Subdivision

Building Details

  • Operating Expense $6,133
  • Gross Income $56,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,733

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: UNIVERSITY & MILL
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-03
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2021
  • Directions: WEST TO FARMER, SOUTH TO 1129
  • Road Surface Type: Asphalt
  • Subdivision Name: FARMERS ADDITION BLOCKS 4-5 & PART 3 & LOTS 6-9
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Built-In Range, Disposal, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 57.5' X 142.5'
  • Additional Parcels: No
  • Parcel #: 124-70-011-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 5
  • Electric Expense: 1400.0
  • Annual Gross Income: 56040.0
  • Insurance Expense: 2000.0
  • Annual Operating Expense: 6133.0

Tax Info

  • Tax Annual Amount: 2733.0
  • Tax Block: 4
  • Tax Book Number: 124.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Feb 14, 2022
Sold by
Jim R And Janet R Amerine Trust
Bought by
1129 S Farmer Llc
Seller's Agent
Jim Amerine
AZ Brokerage Holdings, LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Current Estimated Value
$908,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,675
Avg. Annual Appreciation
-0.41%
Original Mortgage
$738,750
Outstanding Balance
$693,930
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$291,939

Purchase Details

Closed on
Aug 5, 2003
Sold by
Amerine Jim R
Bought by
Amerine Jim R and Amerine Janet R

Purchase Details

Closed on
May 25, 2003
Sold by
Amerine Janet R
Bought by
Amerine Jim R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
1129 S Farmer Llc $985,000 Clear Title
Amerine Jim R -- --
Amerine Jim R -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1129 S Farmer Llc $738,750
Previous Owner Amerine Jim R $148,539
Previous Owner Amerine Jim R $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $1,000,000 -4.8% $313 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
12/03/2021 12/03/21 For Sale $1,050,000 0.0% $328 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $1,050,000 -- $328 / 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 $2,864 $25,565 -- --
2024 $2,829 $24,348 -- --
2023 $2,829 $79,870 $15,970 $63,900
2022 $2,714 $63,310 $12,660 $50,650
2021 $2,733 $52,410 $10,480 $41,930
2020 $2,650 $46,400 $9,280 $37,120
2019 $2,599 $38,420 $7,680 $30,740
2018 $2,535 $31,750 $6,350 $25,400
2017 $2,459 $27,450 $5,490 $21,960
2016 $2,442 $25,930 $5,180 $20,750
2015 $2,346 $25,980 $5,190 $20,790
Source: Public Records

Agents Affiliated with this Home

  • Jim Amerine

    Seller's Agent in 2022

    Jim Amerine

    Realty Executives

    (480) 839-2600

    1 in this area

    38 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6297896

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-011A

Arizona Maricopa County Tempe 85281 Maple Ash

1129 S Farmer Ave, Tempe, AZ

This home is located at 1129 S Farmer Ave, Tempe, AZ 85281 since 27 September 2021 and is currently estimated at $985,869, approximately $308 per square foot. This property was built in 1972. 1129 S Farmer Ave is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and New School for the Arts & Academics.

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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