Seller's Agent in 2021
Sophia Baron
Get Multifamily
(480) 375-0227
6 in this area
78 Total Sales
1150 E Orange St Tempe, AZ 85281
Downtown Tempe Neighborhood
1
Bed
1
Bath
615
Sq Ft
1962
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating System Uses Natural Gas
- Community Barbecue Grill
About This Home
As of May 2021Welcome to Seven on Orange Townhomes in the heart of Tempe. This property features a total of six large one bedroom one bath townhomes and one 2 bedroom one bath townhome. Property has a newer roof and central air conditioners. Current seller is replacing the main sewer lines to the main, repaving parking lot, new paint, adding separate yards to all the units with new fencing within the next 30 days. Three of the units have been updated and four are in original condition. Current on site laundry is leased but not on a current lease. All tenants have been given notice of 30 days to start raising the current rental rates. Rents were way below market at 700-850. Proforma rents once value add in place 1,150-1,250 for the ones and two bedroom 1,350-1,450. All facts and figures are approximate buyer to verify MLS information
Last Agent to Sell the Property
Get Multifamily License #BR648866000 Listed on: 12/02/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,883
Year Built
- Built in 1962
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 6 Open Parking Spaces
- 14 Parking Spaces
- Carport
- Paved Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Private Water Source
Listing and Financial Details
- Tenant pays for water, electricity, cable TV
- The owner pays for water, sewer, electricity, gas, trash collection, landscaping
- Tax Lot 1
- Assessor Parcel Number 132-73-063-B
Community Details
Overview
- 7 Units
- Building Dimensions are IRR
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $24,983
- Gross Income $98,990
- Net Operating Income $74,057
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2021 05/12/21 | Sold | $1,855,000 | 0.0% | $3,016 / Sq Ft | |
| 04/06/2021 04/06/21 | Pending | -- | -- | -- | |
| 04/06/2021 04/06/21 | Price Changed | $1,855,000 | 0.0% | $3,016 / Sq Ft | |
| 12/29/2020 12/29/20 | Off Market | $1,855,000 | -- | -- | |
| 12/02/2020 12/02/20 | For Sale | $1,435,000 | +20.6% | $2,333 / Sq Ft | |
| 11/20/2020 11/20/20 | Sold | $1,190,000 | 0.0% | $1,935 / Sq Ft | View Prior Sale |
| 09/20/2020 09/20/20 | Pending | -- | -- | -- | |
| 09/19/2020 09/19/20 | For Sale | $1,190,000 | +221.6% | $1,935 / Sq Ft | |
| 05/31/2013 05/31/13 | Sold | $370,000 | -12.9% | $602 / Sq Ft | View Prior Sale |
| 05/09/2013 05/09/13 | Pending | -- | -- | -- | |
| 11/15/2012 11/15/12 | For Sale | $425,000 | -- | $691 / Sq Ft |
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 | $5,601 | $46,731 | -- | -- |
| 2024 | $5,172 | $44,506 | -- | -- |
| 2023 | $5,172 | $137,450 | $27,490 | $109,960 |
| 2022 | $4,961 | $108,300 | $21,660 | $86,640 |
| 2021 | $4,995 | $90,510 | $18,100 | $72,410 |
| 2020 | $4,843 | $79,780 | $15,950 | $63,830 |
| 2019 | $4,751 | $66,030 | $13,200 | $52,830 |
| 2018 | $4,634 | $54,860 | $10,970 | $43,890 |
| 2017 | $4,496 | $47,670 | $9,530 | $38,140 |
| 2016 | $4,464 | $44,830 | $8,960 | $35,870 |
Source: Public Records
Agents Affiliated with this Home
-
Sophia Baron
-
Joshua Willets
Seller Co-Listing Agent in 2021
Joshua Willets
Grace CRE
(561) 473-4477
3 in this area
24 Total Sales
-
Traci Randolph
Buyer's Agent in 2021
Traci Randolph
My Home Group
(480) 440-7485
1 in this area
31 Total Sales
-
Jack Cardon
J
Seller's Agent in 2020
Jack Cardon
Cardon Commercial
(480) 278-9007
2 Total Sales
-
S
Buyer's Agent in 2020
Sophia Willets
Grace CRE
-
Phillip Shaver
Seller's Agent in 2013
Phillip Shaver
HomeSmart
(480) 510-9628
1 in this area
239 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6166813
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.
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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