NOT LISTED FOR SALE

1202 S Mill Ave Tempe, AZ 85281

Maple Ash Neighborhood

Estimated Value: $690,000 - $954,823

-- Bed
4 Baths
1,440 Sq Ft
$565/Sq Ft Est. Value

Last Sold March 29, 2018

Last sale price $460,000 $319 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,463/month

2 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • 3-minute walk to Birchett Park
  • Central Heating

About This Home

As of March 2018

Wow !!! Great Location, Across from Grady Gammage Center. In the Maple/Ash area. Rare opportunity to Purchase Old Tempe. Main house on Mill is a 2 bedroom/1 Bath with 1 Car Garage which is rented for $800 per month. Property behind Mill house is a Duplex one 2 Bedroom/1 bath rents for $750 & one 1 Bedroom/1 Bath rents for $500 (Owners Daughter) and there's a 1 Bedroom/1 Bath above Storage Garage that rents for $650. All units are full.

Last Agent to Sell the Property

Mike Fillion

HomeSmart License #SA022494000 Listed on: 02/05/2018

HomeSmart

Last Buyer's Agent

Mike Fillion

HomeSmart License #SA022494000 Listed on: 02/05/2018

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,768

Year Built

  • Built in 1945

Lot Details

  • 10,237

Home Design

  • Composition Roof
  • Metal Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 7 Parking Spaces
  • 1 Covered Space
  • Assigned Parking

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Legal Lot and Block 8 / 3
  • Assessor Parcel Number 132-45-038

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 10,227 Sq.Ft.
  • Park Tract Subdivision

Building Details

  • Operating Expense $4,823
  • Gross Income $30,780
  • Net Operating Income $29,345

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,768

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Mill & University Dr.
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 3
  • Year Built: 1945
  • Tax Year: 2017
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: PARK TRACT
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition, Foam, Metal
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 7.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Individual, Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Central, Window/Wall Unit(s), Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 10,227 Sq.Ft.
  • Additional Parcels: No
  • Parcel #: 132-45-038

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30780.0
  • Insurance Expense: 1855.0
  • Property Net Operating Income: 29345.0
  • Annual Operating Expense: 4823.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1768.0
  • Tax Block: 3
  • Tax Book Number: 132.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2020
Sold by
Zepeda Alyson G and Mcdermott Ryan Seamus
Bought by
Zepeda Mcdermott Alyson G and Mcdermott Ryan Seamus
Current Estimated Value
$814,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Outstanding Balance
$340,094
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$474,112

Purchase Details

Listed on
Feb 5, 2018
Closed on
Mar 27, 2018
Sold by
Koelsch Gary and Koelsch Jolin K
Bought by
Zepeda Alyson G and Mcdermott Ryan Seamus
Seller's Agent
Mike Fillion
HomeSmart
Buyer's Agent
Mike Fillion
HomeSmart
List Price
$469,900
Sold Price
$460,000
Premium/Discount to List
-$9,900
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$345,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2017
Sold by
Koelsch Gary and The Gary And Shari R Koelsch L
Bought by
Koelsch Gary

Purchase Details

Closed on
Aug 14, 2007
Sold by
Koelsch Gary and Koelsch Shari R
Bought by
Koelsch Gary and Koelsch Shari R

Purchase Details

Closed on
Mar 12, 2002
Sold by
Koelsch Shari Rae and The Shari Rae Koelsch Trust
Bought by
Koelsch Gary and Koelsch Shari R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zepeda Mcdermott Alyson G -- Fidelity Natl Ttl Agcy Inc
Zepeda Alyson G $460,000 Premier Title Agency
Koelsch Gary -- None Available
Koelsch Gary -- None Available
Koelsch Gary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zepeda Mcdermott Alyson G $382,000
Closed Zepeda Alyson G $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2018 03/29/18 Sold $460,000 -2.1% $319 / Sq Ft
02/04/2018 02/04/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $469,900 -- $326 / 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 $2,202 $18,373 -- --
2024 $2,033 $17,498 -- --
2023 $2,033 $61,870 $12,370 $49,500
2022 $1,950 $49,720 $9,940 $39,780
2021 $1,964 $43,280 $8,650 $34,630
2020 $1,904 $38,230 $7,640 $30,590
2019 $1,868 $30,510 $6,100 $24,410
2018 $1,822 $24,650 $4,930 $19,720
2017 $1,768 $20,630 $4,120 $16,510
2016 $1,755 $19,280 $3,850 $15,430
2015 $1,686 $19,310 $3,860 $15,450
Source: Public Records

Agents Affiliated with this Home

  • Mike Fillion

    Seller's Agent in 2018

    Mike Fillion

    HomeSmart

    (602) 679-7300

    25 Total Sales

    Mike Fillion
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5719143

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-45-038

Arizona Maricopa County Tempe 85281 Maple Ash

1202 S Mill Ave, Tempe, AZ

Not Listed for Sale

MultiFamily

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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