NOT LISTED FOR SALE

120 S Carney Ave Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $798,000 - $2,590,556

-- Bed
-- Bath
2,080 Sq Ft
$630/Sq Ft Est. Value

Last Sold April 22, 2013

Last sale price $1,016,300 $489 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $7,273/month

Highlights

  • Heated Community Pool
  • Concrete Flooring
  • Heat Pump System
  • Cooling Available

About This Home

As of April 2013

This listing is being entered into MLS solely for informational purposes for appraisers and other apartment brokers. This the rest of the sale 20 unit complex on Carney - 5 Fourplexes all sold to one owner. Beautiful set up! All one bed units with average rents between $550 to $575. All 5 parcels received new res 30 yr. fixed rate financing,. Occupancy was steady at 100%

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/23/2013

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,793

Year Built

  • Built in 1963

Lot Details

  • 8,276

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 22 Parking Spaces
  • 16 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 19
  • Assessor Parcel Number 124-31-117

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are IRR
  • Monterrey Village Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $5,793
  • Net Operating Income $75,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,793

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Univerisity/Mill
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 4
  • Year Built: 1963
  • Tax Year: 2011
  • Directions: West on University, North on Hardy, East on 2nd Street, N into CUL DE SAC of Carney - 5 fourplexes on cul de sac.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Monterrey Village
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Carport: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 124-31-117

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 16
  • Property Net Operating Income: 75916.0
  • Annual Operating Expense: 5793.0

Tax Info

  • Tax Annual Amount: 5793.0
  • Tax Book Number: 124.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2021
Sold by
Leslie Todd P
Bought by
Lawyersunited Llc
Current Estimated Value
$1,311,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Interest Rate
2.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 23, 2013
Closed on
Mar 27, 2013
Sold by
Leslie Amy N
Bought by
Leslie Todd P
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$813,040
Sold Price
$1,016,300
Premium/Discount to List
$203,260
25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$142,200
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2013
Closed on
Mar 26, 2013
Sold by
Carney Tempe Llc
Bought by
Leslie Todd P
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$813,040
Sold Price
$1,016,300
Premium/Discount to List
$203,260
25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
3.47%
Mortgage Type
New Conventional
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
Lawyersunited Llc -- First Amer Ttl Ins Co Ncs
Leslie Todd P -- Fidelity National Title Agen
Leslie Todd P -- Fidelity National Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lawyersunited Llc $1,625,000
Previous Owner Leslie Todd P $142,200
Previous Owner Leslie Todd P $142,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2013 04/22/13 Sold $1,016,300 +25.0% $489 / Sq Ft
04/22/2013 04/22/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $813,040 -- $391 / 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 $1,719 $15,346 -- --
2024 $1,698 $14,615 -- --
2023 $1,698 $68,970 $13,790 $55,180
2022 $1,629 $52,560 $10,510 $42,050
2021 $1,640 $45,650 $9,130 $36,520
2020 $1,591 $36,280 $7,250 $29,030
2019 $1,560 $27,920 $5,580 $22,340
2018 $1,522 $22,920 $4,580 $18,340
2017 $1,476 $19,930 $3,980 $15,950
2016 $1,466 $18,700 $3,740 $14,960
2015 $1,408 $16,060 $3,210 $12,850
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Lois Kaipainen

    Income Property Shop

    Section Image

  • N

    Buyer's Agent in 2013

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4924948

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-31-117

Arizona Maricopa County Tempe 85281 Riverside

120 S Carney Ave, Tempe, AZ

This home is located at 120 S Carney Ave, Tempe, AZ 85281 since 23 April 2013 and is currently estimated at $1,311,139, approximately $630 per square foot. This property was built in 1963. 120 S Carney Ave is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High 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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