NOT LISTED FOR SALE

1201 W University Dr Tempe, AZ 85281

Gililland Neighborhood

Estimated Value: $495,202 - $716,000

-- Bed
-- Bath
1,608 Sq Ft
$372/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $291,000 $181 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,464/month

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of March 2017

Fabulous location to own a duplex on a large, corner lot with frontage on University Drive. Located near the heart of Tempe and minutes from Phoenix, Scottsdale, Downtown Tempe, Rio Salado, Tempe Town Lakes and ASU. Below market rents offer a perfect opportunity to re-position this property. The location is a prime opportunity for a remodel or redevelopment into new multi-family, townhouse or multi-use project. Continue to collect income from the current units while you are planning. All facts and figures approximate buyer to verify to their satisfaction.

Last Agent to Sell the Property

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000 Listed on: 03/09/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Sherman Weekes

Crest Premier Properties License #SA550792000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,214

Year Built

  • Built in 1977

Lot Details

  • Property fronts an alley

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 124-74-008

Community Details

Overview

  • 2 Units
  • Building Dimensions are 74x105
  • Westgate Sub Subdivision

Building Details

  • Operating Expense $1,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,214

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: Beck & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2016
  • Road Frontage Type: Alley
  • Subdivision Name: WESTGATE SUB
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 74x105
  • Additional Parcels: No
  • Parcel #: 124-74-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Operating Expense: 1214.0

Tax Info

  • Tax Annual Amount: 1214.0
  • Tax Book Number: 124.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2017
Closed on
Mar 23, 2017
Sold by
Sanchez Arthur A
Bought by
Yeary Melinda Lee
Seller's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Sherman Weekes
Crest Premier Properties
List Price
$299,950
Sold Price
$291,000
Premium/Discount to List
-$8,950
-2.98%
Total Days on Market
0
Current Estimated Value
$598,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,301
Avg. Annual Appreciation
9.24%
Original Mortgage
$165,000
Outstanding Balance
$138,702
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$461,456

Purchase Details

Listed on
Mar 9, 2017
Closed on
Mar 22, 2017
Sold by
Carson Robert A and Carson Sally J
Bought by
Yeary Melinda Lee
Seller's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Sherman Weekes
Crest Premier Properties
List Price
$299,950
Sold Price
$291,000
Premium/Discount to List
-$8,950
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$138,702
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$461,456

Purchase Details

Closed on
Mar 5, 2012
Sold by
Carson Robert A and Carson Sally J
Bought by
Carson Robert A and Carson Sally J

Purchase Details

Closed on
Aug 25, 2007
Sold by
Carson Robert A and Carson Sally J
Bought by
Carson Robert A and Carson Sally J

Purchase Details

Closed on
Feb 8, 2006
Sold by
City Of Glendale
Bought by
Coyote Center Development Llc

Purchase Details

Closed on
May 12, 2005
Sold by
Desert Haven Holdings Inc
Bought by
Carson Robert and Carson Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2003
Sold by
Haight Robert N and Haight Kathleen J
Bought by
Lannuier D Neil and Gorges Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,600
Interest Rate
5.83%
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
Yeary Melinda Lee -- Great American Title Agency
Yeary Melinda Lee $291,000 Great American Title Agency
Carson Robert A -- None Available
Carson Robert A -- None Available
Carson Robert A -- None Available
Carson Robert A -- None Available
Coyote Center Development Llc -- First American Title
Carson Robert $285,000 Camelback Title Agency Llc
Lannuier D Neil $139,500 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeary Melinda Lee $165,000
Previous Owner Carson Robert $228,000
Previous Owner Lannuier D Neil $111,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $291,000 -3.0% $181 / Sq Ft
03/29/2017 03/29/17 Price Changed $299,950 0.0% $187 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $299,950 -- $187 / 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 $1,423 $12,708 -- --
2024 $1,406 $12,103 -- --
2023 $1,406 $42,270 $8,450 $33,820
2022 $1,349 $32,350 $6,470 $25,880
2021 $1,358 $27,210 $5,440 $21,770
2020 $1,317 $24,720 $4,940 $19,780
2019 $1,292 $20,460 $4,090 $16,370
2018 $1,260 $16,860 $3,370 $13,490
2017 $1,223 $13,580 $2,710 $10,870
2016 $1,214 $12,180 $2,430 $9,750
2015 $1,166 $12,230 $2,440 $9,790
Source: Public Records

Agents Affiliated with this Home

  • Julie Rickli

    Seller's Agent in 2017

    Julie Rickli

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 620-4263

    114 Total Sales

    Julie Rickli
    Section Image

  • S

    Buyer's Agent in 2017

    Sherman Weekes

    Crest Premier Properties

    (480) 706-0160

    17 Total Sales

    Sherman Weekes
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5572251

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-74-008

Arizona Maricopa County Tempe 85281 Gililland

1201 W University Dr, Tempe, AZ

This home is located at 1201 W University Dr, Tempe, AZ 85281 since 09 March 2017 and is currently estimated at $598,301, approximately $372 per square foot. This property was built in 1977. 1201 W University Dr 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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