1201 S Farmer Ave Unit 1 Tempe, AZ 85281
Maple Ash NeighborhoodEstimated payment $3,559/month
About This Lot
Seize a rare Urban Infill Opportunity in Tempe's sought-after Farmer Arts District w/ easy access to the Light rail & Tempe Streetcar it is a walkable, thriving neighborhood perfect for ASU Students. Close to Mill Ave, Tempe Town Lake, & ASU. This lot is ready to build & *fully entitled by the City of Tempe in Jan 2025 for a proposed 3-Story 4-plex residential apartment project. The 7,315 SF four-plex consists of 4-Three Bedroom Units or 12 bedrooms Total (See documents tab). Located near valley's most sought-after retailers, Residents will enjoy close access to an extensive selection of top retailers. The neighborhood offers a blend of vintage appeal & redevelopment flexibility. Surrounded by record-setting investment activity & continued urban growth, this location is ideal.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,677
Lot Details
- 8,755 Sq Ft Lot
- Property is zoned M-H
Schools
- Getz Elementary And Middle School
- Tempe High School
Community Details
- No Home Owners Association
- Farmers Addition Blocks 1 2 & Part 3 & Lots 1 5 Subdivision
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 124-70-013-C
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,677 | $23,900 | -- | -- |
| 2024 | $2,645 | $22,762 | -- | -- |
| 2023 | $2,645 | $48,400 | $9,680 | $38,720 |
| 2022 | $2,537 | $37,760 | $7,550 | $30,210 |
| 2021 | $2,555 | $33,200 | $6,640 | $26,560 |
| 2020 | $2,477 | $30,000 | $6,000 | $24,000 |
| 2019 | $2,430 | $24,770 | $4,950 | $19,820 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $604,095 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | Empire West Title Agency | |
| Special Warranty Deed | $195,000 | Security Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | Purchase Money Mortgage | |
| Previous Owner | $300,000 | Purchase Money Mortgage | |
| Previous Owner | $157,500 | Unknown |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6864241
APN: 124-70-013C
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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