NOT LISTED FOR SALE

1141 S Farmer Ave Tempe, AZ 85281

Maple Ash Neighborhood

Estimated Value: $766,000 - $1,005,381

Studio
-- Bath
3,270 Sq Ft
$276/Sq Ft Est. Value

Sale Details

Date Sold: August 3, 2023

Last sale price $1,000,000 $306 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $5,044 / mo

1 Day on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Heating Available
  • Ceramic Tile Flooring

About This Home

As of August 2023

Spectacular quadplex 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 4 units with 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

Alan Kittelman

Venture REI, LLC License #BR549414000 Listed on: 07/06/2023

Venture REI, LLC

Last Buyer's Agent

John Kobierowski

ABI Multifamily License #BR046971000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,690

Year Built

  • Built in 1972

Lot Details

  • 8,189

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 124-70-012-B

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 57x142
  • Farmers Addition Blocks 1 2 & Part 3 & Lots 1 5 Subdivision

Building Details

  • Operating Expense $10,419
  • Gross Income $67,200
  • Net Operating Income $56,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,690

Year Built

Built in 1972

Lot Details

8,189 Sq Ft Lot

Listing Details

  • Cross Street: University & Mill
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, On Street, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3014.0

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 57x142
  • Additional Parcels: No
  • Parcel #: 124-70-012-B

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Electric Expense: 792.0
  • Annual Gross Income: 67200.0
  • Insurance Expense: 2608.95
  • Maintenance Expense: 1313.89
  • Property Net Operating Income: 56780.65
  • Annual Operating Expense: 10418.84

Tax Info

  • Tax Annual Amount: 2690.0
  • Tax Book Number: 124.00
  • Tax Lot: 9

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Aug 3, 2023
Sold by
Bought by
Seller's Agent
Alan Kittelman
Venture REI, LLC
Buyer's Agent
John Kobierowski
ABI Multifamily
List Price
$1,000,000
Sold Price
$1,000,000
Views
11
Current Estimated Value
$902,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,155
Avg. Annual Appreciation
-3.53%
Original Mortgage
$800,000
Outstanding Balance
$781,291
Interest Rate
6.67%
Mortgage Type
Seller Take Back
Estimated Equity
$121,554

Purchase Details

Closed on
Feb 25, 2014
Sold by
Bought by

Purchase Details

Closed on
May 19, 2008
Sold by
Bought by

Purchase Details

Closed on
May 16, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,050
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,050
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 Stewart Title & Trust Of Phoen
-- Fidelity National Title Agen
-- None Available
$315,000 Equity Title Agency Inc
-- None Available
-- None Available
$390,000 --
-- --
-- Security Title Agency
$226,550 Security Title Agency
$178,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $800,000
Closed $175,000
Previous Owner $312,000
Previous Owner $169,050
Previous Owner $169,050
Closed $78,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/03/2023 08/03/23 Sold $1,000,000 0.0% $306 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $1,000,000 -- $306 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,037 $25,339 -- --
2024 $2,804 $24,132 -- --
2023 $2,804 $79,870 $15,970 $63,900
2022 $2,690 $63,310 $12,660 $50,650
2021 $2,708 $52,410 $10,480 $41,930
2020 $2,626 $46,400 $9,280 $37,120
2019 $2,576 $38,120 $7,620 $30,500
2018 $2,512 $31,530 $6,300 $25,230
2017 $2,438 $27,280 $5,450 $21,830
2016 $2,421 $25,700 $5,140 $20,560
2015 $2,325 $25,810 $5,160 $20,650
Source: Public Records

Agents Affiliated with this Home

  • Alan Kittelman

    Seller's Agent in 2023

    Alan Kittelman

    Venture REI, LLC

    (602) 820-8164

    1 in this area

    361 Total Sales

    Alan Kittelman
    Section Image
  • John Kobierowski

    Buyer's Agent in 2023

    John Kobierowski

    ABI Multifamily

    (480) 689-4175

    1 in this area

    2 Total Sales

    John Kobierowski
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6574745

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-012B

Arizona Maricopa County Tempe 85281 Maple Ash

1141 S Farmer Ave, Tempe, AZ

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.